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date
02/05/2025
Insiders say that Qatar Energy Company is negotiating a large long-term supply agreement with a Japanese liquefied natural gas importer. This deal will supply at least 3 million metric tons of liquefied natural gas per year to a Japanese consortium.
Latest
1 m ago
"Bond King" Bill Gross: Most stocks, even tech stocks, are in a bear market.
1 m ago
Amazon's lower-than-expected operating profit for the current quarter suggests that tariffs and trade policies may be causing consumers to reduce spending. The world's largest online retailer expects operating profit for the quarter to be between $13 billion and $17.5 billion, while analysts' average estimate is $17.8 billion. The company said on Thursday that sales for the quarter ending in June are expected to be between $159 billion and $164 billion; analysts' average estimate is $161.4 billion. Amazon's stock has fallen by about 13% this year due to investor concerns about the impact of Trump's tariff policies on the retail business. Investors are generally optimistic about the company's expansion efforts in artificial intelligence, but they are also concerned that its significant spending on data centers may not significant sales growth in the short term.
1 m ago
Amazon's operating profit is expected to be lower than analysts' forecasts, citing that tariffs may affect consumer spending.
3 m ago
Apple CFO: More than half of iPad buyers in the first quarter were new customers.
4 m ago
MicroStrategy on Thursday reported a widened loss of $4.23 billion, or a loss of $16.49 per share, compared to a loss of $53.1 million, or a loss of 31 cents per share in the same period last year. Analysts had predicted a loss of 11 cents per share for the quarter. Revenue also decreased by 3.6% to $1.111 billion, lower than the expected $1.166 billion from analysts surveyed by FactSet. In April, MicroStrategy had warned of a loss for the first quarter and cautioned that there would be further losses as the value of its cryptocurrency holdings fell. The company had stated that it had not made any more bitcoin purchases since the end of the quarter. MicroStrategy raised its annual bitcoin return target from 15% to 25%, after achieving a 14% return in the first quarter. The company also announced the issuance of $210 million in common stock to buy more bitcoin. Concerns about Trump's trade war pushing the economy towards a recession have intensified, causing a sharp decline in the prices of bitcoin and other cryptocurrencies.
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