Dell’s profit, margin hurt by higher AI costs, shares slump
Dell (DELL.N), opens new tab forecast current-quarter profit below market estimates on Thursday, and signaled that higher costs to build servers that meet heavy AI workloads would dent annual margin, sending its shares down more than 17% in extended trading. The Round Rock, Texas-based company expects adjusted gross margin rate to decline about 150 basis points in […]
Permian-focused LandBridge aims to raise up to $319 million in US IPO
LandBridge, a landowner in the oil-rich Permian Basin, said on Monday it was looking to raise up to $319 million in its U.S. initial public offering (IPO) that could give it a potential valuation of up to $1.6 billion. The company, backed by private equity firm Five Point Energy, owns about 220,000 surface acres in […]
Portugal’s former top banker, ex-minister sentenced to prison in graft case
A Lisbon court on Thursday sentenced the former patriarch of the Espirito Santo banking family, Ricardo Salgado, to 6-1/4 years in prison for bribing former Economy Minister Manuel Pinho, who was sentenced to 10 years. The case pre-dates the collapse of Banco Espirito Santo in 2014, for which Salgado has been the target of separate […]
Opinion: The elements for a big stock market drop are aligning. Here’s why investors shouldn’t panic
When is the next stock market crash taking place? It’s a question I get asked often since I wrote “A History of the United States in Five Crashes — Stock Market Meldowns That Defined a Nation.” Until now, I’ve always been able to counsel that stock market crashes are comfortingly rare events that occur only […]