Singapore's App-Led Car Sharing Offers Relief From Stratospheric Cost
GE Vernova buys AI company: GE Vernova is acquiring French software company Alteia, as the maker of power generation equipment looks to use AI for ways to strengthen the electric grid.
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Yahoo
5 minutes ago
- Yahoo
Figma stock rises 19% in premarket trade Friday, poised to build on Thursday's 250% rally
Figma (FIG) stock looked set to surge again on Friday, rising as much as 19% in premarket trading after shares rocketed higher with a gain of 250% in Thursday's public market debut. The design software company priced its IPO at $33 per share late Wednesday, and the stock did not begin trading until nearly 2:00 p.m. ET on Thursday. Shares opened for trade at $85 and were halted more than once Thursday afternoon due to volatility as traders rushed into the name amid what's become a frenzied IPO market for new tech issues. Figma's IPO price gave the company a market value near $20 billion; ahead of Friday's open, the company was worth more than $50 billion. Figma's IPO price came in above estimates of $30-$32 per share, signaling bullish investor interest in the company. As part of the offering, Figma raised about $1.2 billion in a sale of 36.94 million shares, split between the company's sale of 12.47 million shares and existing shareholders' sale of 24.46 million shares. The company's current valuation has made it worth more than double the $20 billion price tag for which software giant Adobe (ADBE) had tried to acquire Figma in 2023 before having to cancel the deal after anti-competition pushback from European regulators. This year saw rapid growth for Figma, led by 33-year-old CEO Dylan Fields, as the design software and collaboration toolmaker reported revenue growth of over 46% year over year, according to securities filings. The company noted that more than 75% of the Forbes 2000 companies use its software. The IPO was one of the most successful of the year, beating out the performance of previous 2025 IPO darling Circle Internet Group (CRCL), which popped by 168% in its first day of trading in June. Circle is up more than 490% since its IPO. AI play CoreWeave (CRWV) has also seen its shares rise more than 190% since a debut in March. The success of Figma's offering is the latest sign that the year of dealmaking called for by Wall Street may finally be here after a first half that saw M&A stymied by tariff uncertainty and a market downturn. Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at
Yahoo
5 minutes ago
- Yahoo
Rogers Corp (ROG) Q2 2025 Earnings Call Highlights: Navigating Challenges with Strategic Growth ...
Release Date: July 31, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Rogers Corp (NYSE:ROG) reported a 6.5% increase in sales from the prior quarter, driven by stronger performance in industrial, portable electronics, and ADAS markets. The company is implementing cost and expense containment initiatives, which are expected to result in stronger increases in gross margin and adjusted EPS in the upcoming quarter. Rogers Corp (NYSE:ROG) has a strong foundation with trusted partnerships with leading OEMs globally, emphasizing their design capabilities and proven reliability. The company is focusing on expanding its manufacturing capabilities in China, which is expected to provide a global competitive advantage and projected annual run rate savings of over $13 million. Rogers Corp (NYSE:ROG) is actively pursuing growth opportunities in industrial, aerospace and defense, and ADAS markets, with signs of recovery and new design wins in these areas. Negative Points Rogers Corp (NYSE:ROG) recorded a net loss of $73.6 million in Q2, including restructuring costs and a significant non-cash impairment charge related to its ceramic business. The company is facing challenges in the EV market, particularly outside of China, leading to a necessary rebalancing of capacity and cost reductions in European operations. Gross margin was below the midpoint of guidance due to material write-offs and underutilization at the ceramic Germany factory. The company anticipates restructuring costs associated with European operations to be between $12 million and $20 million, impacting financials over the next year. Rogers Corp (NYSE:ROG) is experiencing pricing pressure in the global EV market, affecting demand and competitive dynamics for its ceramic business. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with ROG. Q: Beyond the $13 million restructuring and targeted cost savings, what are your top two or three priorities, either strategic or financial, for the next 6 to 12 months? A: (Ali Elhaj, Interim President and CEO) Strategically, we are focusing on internal cost initiatives and operational improvements to speed up execution and create a more dynamic organization. This will help us respond faster to customer needs and reduce lead times. Additionally, we are prioritizing short- and mid-term growth opportunities to impact our top-line revenues positively in the coming quarters. Q: What are the keys to getting back to consolidated organic revenue growth on a year-over-year basis, and what are your midterm gross margin targets given the updated outlook for the ceramic business? A: (Ali Elhaj, Interim President and CEO) We are aggressively focusing on top-line growth and expect meaningful growth quarter after quarter. (Laura Russell, Senior Vice President and CFO) For margin expansion, we aim to leverage our existing capacity and execute cost savings initiatives, including restructuring, to optimize margins. Q: Can you provide specific examples of where accelerating speed of execution can make a big difference for Rogers? A: (Ali Elhaj, Interim President and CEO) We need to reduce lead times significantly, aiming for a 50-60% reduction in some product lines. Additionally, we are accelerating the development and launch of new products by integrating R&D efforts into the company's core operations to deliver faster prototypes and win programs more quickly. Q: Regarding the cost reduction efforts, are we looking at around $45 million in cost savings by 2026, and what is the expected timeline for these savings? A: (Laura Russell, Senior Vice President and CFO) Yes, cumulatively, we are targeting $45 million in cost savings. However, the full impact of the additional $13 million savings from restructuring in Europe will likely be realized by the fourth quarter of 2026. Q: What are the expected impacts of the restructuring actions on the ceramic business and overall company performance? A: (Ali Elhaj, Interim President and CEO) The restructuring actions aim to right-size the ceramic business by rebalancing capacity between Europe and China. This will help us achieve a cost-competitive footprint and improve performance, especially in the rapidly growing Chinese EV market. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
Android Authority
6 minutes ago
- Android Authority
Google Messages will finally tell you when your custom ROM is the problem (APK teardown)
Aamir Siddiqui / Android Authority TL;DR Last year, Google began preventing devices that failed Play Integrity checks from sending RCS messages. Google Messages would simply drop texts, without delivering any errors or warnings. Messages now appears to be adding an explicit notice when security requirements are not met. What's more annoying than when an app stops working? Well — a lot of things, actually — but in this narrow context we're specifically talking about when an app intentionally stops working, but won't clearly communicate why that is. RCS support coming to Google Messages was a major step forward, not just for messaging on Android, but between users across platforms, as well. Last year, we identified an issue with RCS in Google Messages where your texts wouldn't go through, but the app wouldn't tell you why. And now it's looking like Google might finally be ready to do something about that. Authority Insights story on Android Authority. Discover You're reading anstory on Android Authority. Discover Authority Insights for more exclusive reports, app teardowns, leaks, and in-depth tech coverage you won't find anywhere else. An APK teardown helps predict features that may arrive on a service in the future based on work-in-progress code. However, it is possible that such predicted features may not make it to a public release. The problem that we spotted back then affected Google Messages users that had rooted their phones or were using custom ROMs — basically, doing anything that would cause their device to fail Play Integrity API attestation checks. If Messages detected that it was running on device like that, RCS messages would just vanish as you tried to send them — no error, no falling back to regular SMS, nothing. We reached out to Google at the time, and the company described this measure as one undertaken to limit the potential for bad actors abusing RCS, using modified phones to send spam messages and the like. In that light, the way RCS was silently failing at least made a degree of sense — like shadow banning an account, it can be strategic to withhold information from an adversary. But innocent Android enthusiasts just ended up finding themselves caught in that crossfire, and left without a clear indication why. Fast-forward to now, and Messages seems to be getting ready to actually tell those rooted users what its big problem is. Looking through Google's recent release of Messages, we've identified a new text string: Code Copy Text Your device does not meet security requirements This is a string that, once the app starts using it, should display in Messages RCS settings where you're able to toggle on RCS and view its status — the same place we're expecting the app to add that new Details button. Between the two of them, it feels that Google's explicitly trying to improve its communication with users when it comes to RCS issues. Apps like Wallet already just out and tell you when your rooted phone is why it refuses to work, so it's not like this represents a major policy shift for Google — we're just happy to see the side of more information slowly starting to win out. At this point, we can't imagine any serious spammers would gain anything from continued silence, and hopefully when this finally rolls out we'll have fewer custom ROM fans scratching their heads about vanishing messages. Follow
