Author: Bella Hayes
WASHINGTON (Reuters) – Elon Musk, who U.S. President-elect Donald Trump has tapped to oversee a government cost-cutting effort, acknowledged that his declared goal of cutting $2 trillion in spending from the $6.8 trillion federal budget would be a long shot. “I think if we try for 2 trillion, we’ve got a good shot at getting 1,” Musk, the world’s richest person, said in a discussion on Wednesday with Mark Penn, a political strategist and former pollster. He described the $2 trillion target as a “best-case outcome.” Trump named Tesla (NASDAQ:) CEO Musk and former presidential candidate Vivek Ramaswamy to lead…
Industry-leading Fortinet (NASDAQ:) solutions protect and optimize traffic throughout all segments of the Steelers’s network SUNNYVALE, Calif., Jan. 09, 2025 (GLOBE NEWSWIRE) — News Summary Fortinet ® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the Pittsburgh Steelers have deepened their use of the Fortinet Security Fabric platform to provide efficient and secure connectivity across all network segments, including corporate and football operations, merchandising and digital commerce, ticket operations, and public and private internet access. They also signed an agreement recognizing Fortinet as a Proud Partner for the 2024“2025 season. The Steelers are…
Transaction (JO:) marks the EQT (ST:) Transition Infrastructure strategy’s second highly thematic investment over the past month, to be acquired with capital from EQT’s balance sheetScale Microgrids is a vertically integrated energy company that designs, builds, finances, owns, and operates microgrids and distributed energy assets in North America, with a vision to power the world with distributed energy.EQT will support Scale Microgrids along its existing growth journey through significant investments in its commercial processes, tech platform and project execution capabilities, enabling the Company to own and operate billions of dollars in distributed generation assets.NEW YORK, Jan. 9, 2025 /PRNewswire/ –…
JAKARTA, Indonesia, Jan. 9, 2025 /PRNewswire/ — PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) presents the #BRImoWorldXperience, expanding BRImo’s cross-border capabilities. The super-app also reinforces BRI’s leadership in financial digitalization, with nearly 99% of transactions now digitized. As of November 2024, BRImo users reached 38.1 million, an increase of 22.9% year-on-year. Meanwhile, BRImo recorded a transaction value of IDR 5,057 trillion, driving BRI’s business with an IDR 2.64 trillion fee-based income poised for continuous growth. “With an impressive rating of 4.7 on the Play Store & App Store, BRImo was Indonesia’s most-downloaded mobile banking app in 2024,” said…
SASKATOON, Saskatchewan–(BUSINESS WIRE)–Cameco (NYSE:) (: CCO; NYSE: CCJ) acknowledges the dedicated work and leadership of Patrick Fragman during his tenure as President and CEO of Westinghouse Electric Company. Today, Patrick announced his intention to leave his position at Westinghouse, effective March 31, 2025, in order to spend more time with his family in Europe. Patrick has led Westinghouse since 2019. Westinghouse is a pioneer in the nuclear energy industry and is regarded as a leader in nuclear innovation and plant services, said Tim Gitzel, president and CEO of Cameco. We thank Patrick for his leadership and wish him and his…
BJ’s Gas Opens January 9 with Club to Follow on January 17 MARLBOROUGH, Mass. & MARYVILLE, Tenn.–(BUSINESS WIRE)–BJ’s Wholesale Club (NYSE: BJ) announced today that its club in Maryville, Tennessee, will open on January 17, 2025. The club, located at 101 Foothills Mall Drive, is BJ’s fourth club in Tennessee. The on-site BJ’s Gas location opens January 9 with everyday low fuel prices and potential extra savings through BJ’s Fuel Saver Program. BJ’s offers unmatched value on everyday essentials in a convenient one-stop shop. Members can save on fresh foods, produce, full-service deli items, fresh bakery goods, household essentials, home…
Q4’24 preliminary consolidated revenues at NT$66.12 billion, up 4.7% YoY, showing six consecutive quarters of YoY growth TAIPEI, Jan. 9, 2025 /PRNewswire/ — Acer Inc. (TWSE: TW:) announced its preliminary consolidated revenues for full year 2024 at NT$264.71 billion, up 9.7% year-on-year (YoY), with revenues from the personal computers[1] and display business growing by 8.4% YoY. For Q4 2024, preliminary consolidated revenues reached NT$66.12 billion with 4.7% growth YoY, showing six consecutive quarters of YoY growth. In December, consolidated revenues reached NT$24.55 billion with 7.9% growth month-on-month and 3.7% growth YoY. Acer’s strategy to expand multiple business engines continued to…
By Faith Hung and Roger Tung TAIPEI (Reuters) – Taiwan’s exports rose more than expected in December, buoyed by robust demand for semiconductors from the artificial intelligence (AI) industry and continued, although weaker, demand from China. Exports rose 9.2% from the same month a year ago to $43.59 billion, its second-highest level, the finance ministry said on Thursday, beating a forecast of 6.5% growth in a Reuters poll. The increase, although slightly below November’s gain of 9.7%, marked the 14th straight monthly rise. The ministry said the growth outlook into the first quarter was stable because of demand for semiconductors…
Investing.com — Greggs (LON:) on Thursday saw its shares tumble by more than 10% following its trading update that reported slowing growth in like-for-like sales and cautious forward guidance. The company reported a 2.5% rise in like-for-like sales for the fourth quarter, a noticeable slowdown compared to 5% growth in the third quarter and 7.4% in the first half of the year. The weaker performance appears to reflect broader consumer challenges rather than a temporary dip. Analysts at Jefferies noted that the softer trading environment in July and August, previously seen as a potential blip, now seems to represent a…
FRANKFURT – Deutsche Bank AG (NYSE:), acting as the Stabilisation Coordinator, has announced the potential stabilization activities connected to the offering of new securities by Grenke AG, a global financing provider. The stabilization period is set to commence today and is expected to last until February 20, 2025. The securities in question are described as Grenke AG Perp Reset 31 March 2031 RegS AT1, with an initial price talk (IPTs) indicating a coupon area of 8.750%. The ISIN Code for these securities is XS2969264857. The aggregate nominal amount is to be confirmed (TBC). Stabilization activities are a common practice intended…
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