Greystone Capital Management, an investment management company, released its fourth-quarter 2024 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the return for separate accounts managed by the firm ranged from +0.5 to +2.6%. The median account returned +1.7%, net of fees bringing the yearly returns to +19.9%. The […]
Dana Incorporated (NYSE:DAN) shares traded higher on Friday after the company disclosed FY24 preliminary results, FY25 outlook and provided a business update. FY24 Preliminary Results: The company reported sales of around $10.3 billion (vs. consensus of $10.29 billion), in line with prior guidance but down from $10.6 billion in 2023. This was due to weaker demand for electric vehicles, commercial trucks, and off-highway equipment, along with higher light truck inventory. Also, adjusted EBITDA ro
MIDD's performance is affected by weakness in the Residential Kitchen Equipment and Commercial Foodservice Equipment segments, along with a high debt level.
Meta (META) shares are in focus after CEO Mark Zuckerberg announced that Meta plans to spend as much as $65 billion in artificial intelligence (AI) capital expenditures. Zuckerberg said the company plans to build a 2+ gigawatt data center large enough to nearly cover Manhattan. Morning Brief co-hosts Seana Smith and Brad Smith take a closer look at the AI initiative update from the Meta executive and discuss what it could mean for the tech giant ahead of Big Tech earnings. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.
(Bloomberg) -- Apple Inc.’s stock has had a rough start to the year and is now flirting with a key level that could signal more downside ahead if breached.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Close for Almost a Month on Jan. 30The stock has slumped