Section 899 Alarms Boardrooms and Businesses, Too
Welcome to CFO Briefing, a newsletter devoted to corporate finance and what leaders need to know. This week, I take a closer look at a controversial tax provision in the House-backed budget bill and its impact on foreign companies and chat with Webtoon CFO David Lee.
But first, here's some other news that caught my eye:
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Yahoo
31 minutes ago
- Yahoo
Veteran fund manager reboots Palantir stock price target
Veteran fund manager reboots Palantir stock price target originally appeared on TheStreet. There's been a lot of debate surrounding artificial intelligence stocks this year. A boom in AI spending, particularly by hyperscalers ramping infrastructure to meet surging research and development of chatbots and agentic AI, led to eye-popping returns for companies like Palantir Technologies, which markets data analytics platforms. However, concern that spending could decelerate has picked up in 2025 because of worry over a tariffs-driven recession, causing many AI stocks like chip-maker Nvidia to the eventual impact of tariffs on recession remains a question mark, there's been little to suggest demand for Palantir's services is slipping. Solid first-quarter earnings results and optimism that trade deals could make tariffs manageable have helped Palantir shares rally 63% this year after a 340% surge in 2024. Palantir's resiliency isn't lost on long-time money manager Chris Versace. Versace, who first picked up shares last year, recently updated his price target as Palantir's stock challenges all-time highs. Investors' interest in Palantir stock swelled after OpenAI's ChatGPT became the fastest app to reach one million users when it was launched in December 2022. ChatGPT's success has spawned the development of rival large language models, including Google's Gemini, and a wave of interest in agentic AI programs that can augment, and in some cases, replace traditional activity is widespread across most industries. Banks are using AI to hedge risks, evaluate loans, and price products. Drugmakers are researching AI's ability to predict drug targets and improve clinical trial outcomes. Manufacturers are using it to boost production and quality. Retailers are using it to forecast demand, manage inventories, and curb theft. The U.S. military is even seeing if AI can be effective on the battlefield. The seemingly boundless use cases — and the ability to profit from them — have many companies and governments turning to Palantir's deep expertise in managing and protecting data to train and run new AI apps. Palantir got its start helping the U.S. government build counterterrorism systems. Its Gotham platform still assists governments in those efforts today. It also markets its Foundry platform to manage, interpret, and report data to large companies across enterprise and cloud networks. And its AI platform (AIP) is sold as a tool for developing AI chatbots and apps. Demand for that platform has been big. In the fourth quarter, Palantir closed a "record-setting number of deals," according to CEO Alex Karp. The momentum continued into the first quarter. Revenue rose 39% year-over year to $884 million. Meanwhile, Palantir's profit has continued to improve as sales have grown. In Q1, its net income was $214 million, translating into adjusted earnings per share of 13 cents. "Our revenue soared 55% year-over-year, while our U.S. commercial revenue expanded 71% year-over-year in the first quarter to surpass a one-billion-dollar annual run rate,' said Karp in Palantir's first-quarter earnings release. 'We are delivering the operating system for the modern enterprise in the era of AI." AI's rapid rise has opened Palantir's products to an increasingly new range of industries, allowing it to diversify its customer base. For example, Bolt Financial, an online checkout platform, recently partnered with Palantir to use AI tools to analyze customer behavior better. More Palantir: Palantir gets great news from the Pentagon Wall Street veteran doubles down on Palantir Palantir bull sends message after CEO joins Trump for Saudi visit The potential to ink more deals like this has caught portfolio manager Chris Versace's attention. "The result [of the Bolt deal] will be technology that can offer shoppers a customized checkout experience, embedded within retailers' sites and apps, and it is one that will extend to agentic checkout as well," wrote Versace on TheStreet Pro. "We see this as the latest expansion by Palantir into the commercial space, and we are likely to see more of this as AI flows through payment processing and digital shopping applications." Alongside Palantir's deeply embedded government contracts, growing relationships with enterprises should provide Palantir with cross-selling opportunities, further driving sales and profit growth, allowing for increased financial guidance. Palantir is guiding for full-year sales growth of 36%, and U.S. commercial revenue growth of 68%. The chances for Palantir growth to continue accelerating has Versace increasingly optimistic about its shares. As a result, he's increased his price target to $140 per share from $ fund manager reboots Palantir stock price target first appeared on TheStreet on Jun 8, 2025 This story was originally reported by TheStreet on Jun 8, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
32 minutes ago
- Yahoo
Who won the Bryce Huff trade between the San Francisco 49ers and the Philadelphia Eagles
Who won the Bryce Huff trade between the San Francisco 49ers and the Philadelphia Eagles originally appeared on Athlon Sports. The San Francisco 49ers agreed on a trade with the Philadelphia Eagles to bring edge rusher Bryce Huff to the Bay Area in exchange for what was initially reported as a "mid-round" draft pick. Advertisement We now officially know the exchange included a conditional fifth-round pick that could turn into a fourth based on Huff's performance with the 49ers. Judging by both teams' situations, you could argue that they both came away winners here. San Francisco was facing a mass exodus of quality defensive players this offseason and needed help on the edge opposite of Nick Bosa. For Philadelphia, they were clearly not in favor of keeping Huff after a letdown season resulted in him being a healthy scratch in the Eagles' Super Bowl win. What do the grades say? Pretty similar. ESPN believes both teams benefitted equally and earned a B+ in the deal. Advertisement On the San Fran side, Seth Walder writes: "This is a pretty reasonable play for San Francisco. As poorly as Huff played last season, there's still plenty to like in his history, and his pass rush win rate remained solid despite his struggles. "Though that shows Huff slowing down, it's still a better-than-average get-off for an edge rusher." The best part of the deal for the 49ers is the cost financially. Huff had restructured his contract with Philly to make this work, allowing San Francisco to just under $8 million for the year. Philadelphia is stuck paying more, but the restructure is much more beneficial than being responsible for his three-year, $51.1 million contract without the player. The Eagles benefit as they get to unload a player who did not meet on-field expectations last season and be rewarded with a high Day 3 draft pick. Advertisement "From 2020 to 2022, Huff recorded a 26% pass rush win rate at edge -- a top-10 number at the position had he qualified ..." Walder continued about Huff's 10-sack season that earned him that contract ahead of last year. "His win rate fell to a career-low 19% (which is still higher than average), but the sacks weren't there (2.5) and his playing time dipped before he missed time in the second half of the season to have wrist surgery." The Eagles still have a loaded roster and this departure shouldn't do too much to their pass rush depth with them bringing back a collection of formidable pieces in Nolan Smith Jr., Azeez Ojulari and Joshua Uche. Plus, Philadelphia gets to save a bit of cap space by shipping off some of Huff's contract. Everything seems even right now, but that's the funny thing about grading trades with over three months until the season starts. Things can happen one way or another to cause drastic reconsideration for the true winner here. Advertisement The Niners are banking on reuniting Huff with defensive coordinator Robert Saleh (his head coach during his career-year with the New York Jets in 2023) will pay major dividends. Related: 49ers No. 1 Offseason Storyline Could Be Bad News Related: 49ers' Warner Makes Feelings On Coach Perfectly Clear With 'Dominant' Comment This story was originally reported by Athlon Sports on Jun 3, 2025, where it first appeared.
Fox News
35 minutes ago
- Fox News
Ex-NFL kicker calls out Simone Biles over personal attack on Riley Gaines
Jay Feely, a former NFL kicker who is running for Congress in Arizona, made his stance on men in women's sports known as he weighed in on the Simone Biles-Riley Gaines feud on Saturday. Feely wrote on X in response to Biles' personal attack on Gaines, "men don't belong in women's sports!" "@Simone_Biles argument is the antithesis of title 9 and equal opportunity it's provided for women. It puts girls in dangerous, compromising situations so a man pretending to be a woman can feel better about themselves," Feely wrote. Feely added his support for Gaines in the post. "Simone doesn't win any medal if she competes against men," he wrote. "Serena Williams doesn't win any tournaments if she competes against men. They are the best ever to do it. Why should we compromise with our high school and college girls and take away their opportunities." Biles went after Gaines as the OutKick podcast host reacted to a transgender pitcher competing in the Minnesota state softball championship. "@Riley_Gaines_ You're truly sick, all of this campaigning because you lost a race. Straight up sore loser," Biles wrote on X. "You should be uplifting the trans community and perhaps finding a way to make sports inclusive OR creating a new avenue where trans feel safe in sports. Maybe a transgender category IN ALL sports!! "But instead… You bully them… One things for sure is no one in sports is safe with you around!!!!!" Gaines responded to Biles' attack. "This is so disappointing. My take is the least controversial take on the planet," Gaines wrote in response to Biles' post. "Simone Biles being a male-apologist at the expense of young girls' dreams? Didn't have that on my bingo card. "Maybe she could compete in pommel horse and rings in 2028." Feely revealed he was stepping into the Arizona congressional race in April in an interview with Fox News Digital. He entered the Republican primary for Arizona's 5th Congressional District to replace Rep. Andy Biggs, who's running to be the Grand Canyon State's next governor. Follow Fox News Digital's sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.
