Retiring Vanguard CEO Shunned Bitcoin ETFs
Retiring CEO of Giant Asset Manager Vanguard shunned Bitcoin ETFs, sparking speculation about the company’s future stance on cryptocurrency under new leadership. Despite the rise of Bitcoin ETFs, Vanguard’s S&P 500 Index ETF has outperformed in attracting new investments, indicating the company may not need to change its approach.
In-N-Out to Open First Location in Washington State
In-N-Out, the popular California fast-food chain, is set to open its first location in Washington at Ridgefield, Clark County. The proposed restaurant will be near the under-construction Ridgefield Costco at Union Ridge Town Center, with an anticipated unique and high-quality design. Stay tuned for updates on this exciting development as In-N-Out prepares to make its mark in Washington with its highly anticipated Ridgefield location.
Dell Technologies’ Shares Surge Over 15% After-Hours on Q4 Earnings Beat
Dell Technologies’ shares surged by over 15% in after-hours trading following the release of its fourth-quarter results for fiscal 2024. The company exceeded analysts’ expectations, particularly in the demand for its artificial intelligence servers. Key figures include earnings per share of $2.20 adjusted versus $1.73 expected by LSEG, and revenue of $22.32 billion as opposed to the anticipated $22.16 billion by LSEG. Despite a decrease in revenue from the previous year, Dell reported a net income of $1.16 billion, marking an 89% increase from the same period in the prior year. The company also announced a 20% increase in the annual dividend, now standing at $1.78 per share. Dell anticipates reporting revenue between $21 billion and $22 billion for its first quarter and expressed optimism about AI momentum and returning to growth for fiscal 2025.
Billionaire Greg Flynn to Benefit from California’s New Minimum Wage Law
Billionaire Greg Flynn, owner of Panera Bread locations in California, is set to benefit from an unexpected exemption in the state’s new minimum wage law. The exemption, which spares chains involved in baking and selling bread as a standalone product, has raised eyebrows and prompted questions about Flynn’s connections to Governor Newsom.
New York Community Bancorp Shares Plummet 18% After Leadership Change and Internal Control Issues
New York Community Bancorp’s shares plunged 18% in after-hours trading due to a leadership change and internal control issues. The bank’s exposure to commercial real estate has added to its recent performance woes, leading to a 53% decline in shares year-to-date.
Insider Trading and Institutional Activity Surrounding Dell Stock in Q4 2023
Insiders, hedge funds, and politicians have been actively trading Dell stock (NYSE:DELL) in the fourth quarter of 2023. Congress members, company insiders, and institutions have made intriguing moves, including significant transactions by DODGE & COX and MICHAEL & SUSAN DELL FOUNDATION. These findings shed light on potential shifts in market sentiment and investment strategies, providing valuable insights into stock trading dynamics and market players’ involvement.
Investors Await C3.ai’s Earnings Report
Investors are eagerly awaiting the upcoming earnings report from C3.ai, a key player in the enterprise AI software industry. Despite initial success, C3.ai’s stock has faced skepticism and high short interest, with some analysts expressing doubts about its long-term prospects. C3.ai offers a wide range of enterprise AI applications, catering to various sectors including manufacturing, financial services, government, utilities, and defense. However, C3.ai’s recent financial performance has raised concerns among investors, with uncertainties about its path to profitability. As the enterprise AI sector continues to evolve, C3.ai’s earnings report will provide crucial insights into the company’s performance and its ability to navigate the competitive landscape.
Late Surge for Dell Stock and Mixed Results for Zscaler
Zscaler reported earnings that surpassed Wall Street expectations but fell on guidance licensing, causing a 6% drop in stock value. Despite the positive earnings, ZS stock plummeted over 6% to 225.30 in extended trading. Zscaler, based in San Jose, California, offers cloud-based cybersecurity services through 150 data centers globally.
Chicago Bears Fans Invited to Share Their Spirit with Windy City Gridiron
Get ready to show your Chicago Bears spirit to the world! Windy City Gridiron is starting a new feature where readers can share pictures of themselves and their families and friends in Bears attire. Plus, catch up on the latest updates and possibilities for the Chicago Bears, including trade possibilities and insights on top Combine prospects.
New York Community Bancorp, Inc. (NYCB) Under Investigation for Potential Securities Law Violations
New York Community Bancorp, Inc. (NYCB) is under investigation for potential securities law violations, with investors who suffered losses encouraged to discuss their legal rights with Faruqi & Faruqi, LLP. The investigation stems from a federal securities class action alleging false and/or misleading statements and critical information nondisclosure regarding the Signature Bank acquisition and the company’s financial standing. Investors have until April 8, 2024, to seek the role of lead plaintiff in the federal securities class action and are encouraged to contact the firm directly to discuss their options.