Red Cat Holdings, Inc. (RCAT), a military technology company integrating robotic hardware and software to protect and support the warfighter, reports that Utah Gov. Spencer Cox recently toured the Salt Lake City HQ of Red Cat (RCAT) subsidiary Teal Drones.
Auto parts supplier Aptiv Plc (APTV) forecast a lower-than-expected 2023 profit on Thursday, as inflating costs for labor and energy along with volatile production schedules project a dim outlook for the auto industry. Aptiv (APTV) said it expects full-year adjusted profit per share between $4.00 and $4.50, compared with analysts' expectation of $4.73 per share, as per Refinitiv data.
Banco Santander Brasil SA (BSBR) on Thursday reported a large fourth-quarter net profit miss as loan-loss provisions rose against a backdrop of higher interest rates and deteriorating credit conditions, potentially setting a negative tone for the sector early in the earnings season.
- Meta Platforms Inc (META) shares closed about 23% higher on Thursday and helped spark a rally in the technology sector after the Facebook owner floored Wall Street by slashing its spending forecast and boosting its stock buyback plan by $40 billion. The company added more than $90 billion to its market value and the stock logged its best day in a decade.
Japan's Nikkei share average rose slightly on Thursday, led by technology heavyweights after the Nasdaq jumped overnight, while a stronger yen weighed on exporters and limited the index's advance. By 0217 GMT, the Nikkei index was up 0.2% at 27,394.52. Of the Nikkei components, 50 stocks rose, 174 fell and one traded flat.
Core Laboratories NV (CLB): * FOURTH QUARTER REVENUE OF $128 MILLION. * FOURTH QUARTER GAAP EPS OF $0.14; EX-ITEMS, $0.20. * LOOKING FORWARD INTO 2023, SEES CRUDE-OIL MACRO FUNDAMENTALS CONTINUING TO SUPPORT MULTI-YEAR RECOVERY CYCLE FOR OIL,GAS INDUSTRY. * PROJECTS FIRST QUARTER 2023 REVENUE TO RANGE FROM $125 MILLION TO $129 MILLION.
Vangst, a leading cannabis industry staffing platform, released a new report, '2022 Cannabis Industry Salary Guide,' which highlights 2022 weed salaries and the diversity trends in the industry, including employee benefits trends as well as industry predictions for 2023.
- A chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China that are comparable to U.S. controls, they will not be effective. The warning came after news of an agreement by the Netherlands and Japan to curb chipmaking exports to China to align with rules the Biden Administration imposed in October.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth.
The World Economic Forum recently held its annual meeting in Davos, Switzerland where leaders in finance and government convened to discuss policy, pandemic fragmentation and multipolarity. Benzinga attended the event and interviewed Jeff Schumacher, the founder and CEO at NAX, the New Asset Exchange.
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