Palantir Reports Its First Profitable Quarter. The Stock Is Soaring.

1 month ago emea tribune

Palantir Technologies shares are soaring in late trading Monday after the company posted better-than-expected results for the fourth quarter, including its first-ever GAAP profit. For the fourth quarter, Palantir reported revenue of $509 million, above both its guidance range of $503 million to $505 million, and the Wall Street consensus forecast for $502 million. AdvertisementGovernment revenue was $293 million in the fourth quarter, up 23%, including $225 million of U.S. government revenue, up 22%. The company sees adjusted income from operations for the quarter of between $91 million and $95 million, below consensus at $98 million. The company expects to be GAAP profitable for the year; Street consensus had called for a full year loss of 11 cents a share.
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Jan. 6 committee approves criminal referrals against Trump for his role in

WASHINGTON — The House Jan. 6 committee voted Monday to recommend that the Justice Department pursue a batch of criminal charges against former President Donald Trump for his role in an effort to overturn the 2020 election and the fomenting of a deadly mob at the Capitol. Responding to the criminal referral, Eastman said the Jan. 6 panel had failed to address gaps in Capitol security and the electoral system and instead chose to focus on a “pretend” criminal case. They testified that Trump launched a multipronged campaign to pressure state officials, senior Justice Department officials and Vice President Mike Pence to help overturn the election. The committee on Monday also voted to formally adopt its full report on its Jan. 6 investigation, which kicked off in July 2021. “The future of our democracy rests in your hands,” the Jan. 6 Committee chairman said during the hearing.

3 months ago EMEA Tribune

Rep. Jake Auchincloss urges U.S. to keep supporting Ukraine: ‘It’s

President Biden welcomes President Volodymyr Zelensky of Ukraine on the South Lawn at the White House in Washington on Wednesday. (Kevin Lamarque/Reuters)WASHINGTON — President Volodymyr Zelensky of Ukraine arrived in Washington during a particularly tumultuous time in American politics. Rep. Jake Auchincloss, D-Mass., at a news conference promoting gun control on the steps of the U.S. Capitol on Feb. 8. And Ukraine is fighting on the frontlines of that struggle,” Auchincloss, D-Mass., told Yahoo News. When it comes to supporting Ukraine, he is unapologetic about both the moral and geopolitical need to do so, regardless of the expense.

3 months ago EMEA Tribune

Santa Claus rally, FTX fallout, and restart of Keystone top week ahead

Investors are poised this week to see whether Christmas miracles really do come true with hopes for a Santa Claus rally. Observers expect the measure to fall by 1.2% month over month. EGG PRICES AT AN ALL-TIME HIGHAdvertisementEgg producer Cal-Maine Foods will release fiscal second-quarter earnings after the market close. Egg prices have skyrocketed in price due to inflation,No earnings of note are scheduled for Thursday. Initial claims are expected to rise to 220,000, while continuing jobless claims are forecast to remain around 1.67 million.

2 months ago EMEA Tribune

Canada bans foreign investors from buying property in the country as home

A Canadian law barring foreigners from buying property in the country took effect Sunday, as part of Prime Minister Justin Trudeau‘s plan to address inflating prices spurred by a recent uptick in home purchases from Asian immigrants. The bill, dubbed the Prohibition on the Purchase of Residential Property by Non-Canadians Act, seeks to quell the country’s housing crisis by prohibiting all outsiders – particularly investors – from purchasing property throughout its 10 provinces. ‘The desirability of Canadian homes is attracting profiteers, wealthy corporations, and foreign investors,’ the Liberal Party of Canada wrote ahead of the law’s coming into effect on Sunday. The three-time prime minister singled out Ontario’s Hamilton in particular, which, like countless cities across the country, has seen home prices surge. Advertisement‘As currently proposed, the prohibition on the purchase of residential property by non-Canadians can impact our reputation as a welcoming nation.

2 months ago EMEA Tribune

"Fools don't do it." Russian anger after the Donetsk strike

The repercussions of the Ukrainian strike that targeted a temporary deployment point for the armed forces in Makevka, south of Donetsk , and killed 78 soldiers, are still continuing. While another nationalist blogger named Rebar confirmed that about 70 soldiers were killed, and more than 100 were wounded. An expected response for the Russian Shahed terror attacks on New Years Eve and the newest reminder that no matter where Russians position themselves, they are not safe. AdvertisementHe said, "Even fools are well aware that if the building is attacked by artillery, there will be many wounded and dead." The ministry said in a statement that the Ukrainian forces fired 6 missiles from the HIMARS launch system, two of which were shot down.

2 months ago EMEA Tribune

Celtics vs. Thunder takeaways: C's defense reaches new low in blowout

Celtics-Thunder takeaways: C’s defense reaches new low in blowout loss originally appeared on NBC Sports BostonThe Boston Celtics‘ four-game road trip is off to a dismal start. After dropping Sunday’s game in Denver, the C’s were outclassed by the Oklahoma City Thunder on Tuesday night, 150-117. The Thunder put up 74 points in the first half, the most the Celtics have allowed this season. AdvertisementDefensive deficiencies on displayIt’s no secret this Celtics defense has paled in comparison to last season’s dominant group. Their 123 points allowed to the Nuggets on Sunday was the most they had allowed in regulation this season… until Tuesday.

2 months ago EMEA Tribune

DOJ reviewing classified Biden Vice President documents found at his think

The Department of Justice has launched an investigation into classified documents from Joe Biden‘s Vice Presidency found in a Washington D.C. office for his think tank. It is unclear what the classified documents contain, but follows the raid on Donald Trump‘s Mar-a-Lago resort last year and comes as Republicans begin their investigations into the Biden family. The report stated that the documents were found while Biden’s attorneys were packing up the office to leave. More than 300 classified documents were recovered from Trump’s Palm Beach estate. Secretary of State Antony Blinken was the center’s Managing Director in 2018 while top White House aide Steve Richetti was managing director in 2019.

2 months ago EMEA Tribune

Annaly Capital Management Vs. AGNC Investment Corp: Which Is The Better

AGNC Investment Corp. (NASDAQ: AGNC) is a Bethesda, Maryland-based mREIT that invests in U.S. government-guaranteed pass-through securities and collateralized mortgage obligations. Over the past 52 weeks, Annaly Capital Management is down 33.14%, while AGNC Investment Corp. is down 31.68%. Dividend Growth and StabilityBoth Annaly Capital Management and AGNC Investment Corp. have always paid large dividends that compensated for higher degrees of volatility. Both company ratios have extremely high debt, but AGNC Investment Corp.’s is slightly better, so give this category to AGNC Investment Corp. Total category score: AGNC Investment Corp.: 5, Annaly Capital Management: 3.

2 months ago EMEA Tribune

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