Latest news with #OPEN
Yahoo
a day ago
- Business
- Yahoo
Guardian Metal Joins Critical Minerals Forum
Membership Provides Access to Government Stakeholders, Industry Leaders, and Capital Markets Through DARPA-Sponsored Initiative LONDON, UK / / June 9, 2025 / Guardian Metal Resources plc ('Guardian Metal' or the 'Company') (LON:GMET)(OTCQX:GMTLF), a strategic development and mineral exploration company focused on tungsten in Nevada, USA, is pleased to announce its membership to the Critical Minerals Forum (CMF). This strategic partnership positions Guardian Metal at the centre of critical minerals supply chain development and reinforces the Company's commitment to re-establishing domestic tungsten production in the United States. The Critical Minerals Forum facilitates collaboration between leading companies across the minerals supply chain, investors and government institutions to increase reliable production of critical minerals. The Forum operates in partnership with the Defense Advanced Research Projects Agency's (DARPA) Open Price Exploration for National Security (OPEN) initiative, providing members with unique access to government stakeholders, industry intelligence, and capital market opportunities. Oliver Friesen, CEO of Guardian Metal, commented: "Joining the Critical Minerals Forum represents a significant opportunity in our mission to re-establish domestic tungsten production. This membership provides Guardian Metal with direct access to the policymakers, industry leaders, and investors who are driving America's critical minerals strategy. As we advance development at our co-flagship Pilot Mountain and Tempiute tungsten projects, our CMF membership will help us navigate government partnerships, supply chain relationships, and capital allocation that are essential for bringing domestic tungsten production online in the U.S.A." "The Forum's partnership with DARPA's OPEN initiative is particularly valuable as it provides credible market intelligence and forecasting capabilities that will inform our strategic decisions. We look forward to contributing our Nevada operations expertise to the Forum's collective knowledge base while accessing the resources and relationships needed to accelerate our development timelines." Strategic Benefits of the CMF: Government Access: direct engagement with federal agencies and policy makers shaping critical minerals strategy, including participation in policy scenario planning and regulatory discussions; Industry Intelligence: access to preeminent data analytics and forecasting models developed through the DARPA-sponsored OPEN initiative, providing deal-relevant market intelligence across multiple policy scenarios; Capital Market Opportunities: participation in the Forum's investment clearinghouse, connecting Guardian Metal with investors specifically focused on U.S. critical minerals supply chain development. Supply Chain Integration: collaboration with leading companies across the minerals value chain to identify partnership opportunities and optimise domestic production networks. About the Critical Minerals Forum The Critical Minerals Forum facilitates the collaboration needed for increased and reliable production of critical minerals by convening leading companies across the minerals supply chain, investors and government institutions. The Forum has two primary objectives: developing actionable cost, price, supply, and demand projections with geographic granularity through partnership with DARPA's OPEN initiative; and providing a clearinghouse for expanded critical minerals supply chain projects, where market participants can share investment opportunities and financing requirements. About Guardian Metal Guardian Metal is a strategic development and mineral exploration company focused on tungsten in the USA. The Company's main objective is to lead the re-establishment of domestic mined tungsten production in the United States. Guardian Metal's co-flagship assets include the Pilot Mountain and Tempiute tungsten projects, along with the Garfield and Golconda precious and base-metals projects, all located in Nevada's prolific mining districts. Drilling results from the Company's projects highlight Nevada's mineral potential and underscore the state's strategic importance in securing a stable and cost-effective supply of critical and precious metals for the USA. Forward Looking Statements This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. For further information visit or contact the following: Guardian Metal Resources plc Oliver Friesen (CEO) Tel:+44 (0) 20 7583 8304 Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll Tel: +44 20 7213 0880 Shard Capital Partners LLP Lead Broker Damon Heath/Erik Woolgar Tel: +44 (0) 20 7186 9000 This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Guardian Metal Resources PLC View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
3 days ago
- Business
- Business Insider
Opendoor Technologies seeks reverse stock split
Opendoor Technologies (OPEN) filed a preliminary proxy statement. The proxy statement was furnished in connection with the solicitation of proxies by Opendoor's Board of Directors for use at the company's Special Meeting of Stockholders to be held on Monday, July 28, 2025, at 9:30 a.m. Pacific Time. 'Our Board has adopted and is recommending that our stockholders approve amendments to our Certificate of Incorporation, to effect a reverse stock split of our common stock at a ratio ranging from any whole number between 1-for-10 and 1-for-50, with the exact ratio within such range to be determined by the Board in its discretion, subject to the Board's authority to determine when to file the amendment and to abandon the other amendments notwithstanding prior stockholder approval of such amendments.' Confident Investing Starts Here:
Los Angeles Times
4 days ago
- Entertainment
- Los Angeles Times
MOCA gala honors Frank Gehry, others, raises $3.1 million: L.A. arts and culture this weekend
The Museum of Contemporary Art, Los Angeles threw a glitzy bash at the institution's Geffen Contemporary in Little Tokyo Saturday, raising $3.1 million and honoring architect Frank Gehry, artist Theaster Gates and philanthropist Wendy Schmidt. Speaker Emerita Nancy Pelosi — a surprise guest — showed up to pay tribute to Gehry, while Ava DuVernay celebrated Gates and Jane Fonda honored Schmidt. The special program honoring 'visionaries' who helped shaped the museum's trajectory is part of a new gala tradition called MOCA Legends, which will continue with new honorees next year. The night began with cocktails in the plaza and private access to the Olafur Eliasson exhibition, 'OPEN.' The Japanese American drumming group TAIKOPROJECT played while guests found their seats for dinner. MOCA director Johanna Burton welcomed attendees with a speech about the power of art and its ability to bring communities together. 'As we celebrate our annual gala, we are not just honoring individual achievements, but reaffirming our collective belief in the power of art to connect and challenge; uplift and endure,' Burton said, according to a news release about the event. After Pelosi's introduction of Gehry, which included mention of his 1983 renovation of the Geffen Contemporary, the 96-year-old legend noted how much the museum has meant to him over the years. 'Artists brought me into their club — it's where I wanted to be, and they opened my eyes to another world,' Gehry said. I'm arts and culture writer Jessica Gelt, and I'm here for all the celebrations of art and artists — the more the better. Here's your weekend rundown of arts news. Noah DavisA collection of more than 50 figurative paintings made by the late Los Angeles artist, who died at 32 in 2015, just as Davis' career was beginning to attract wide attention, arrives after stops in Potsdam, Germany, and London. Davis' paintings, often built around found photographs, regularly balance on a knife-edge between daily life and dream. The exhibition represents the first institutional survey of Davis' 31. UCLA Hammer Museum, 10899 Wilshire Blvd., Westwood. Seoul FestivalThe L.A. Phil turns to the South Korean capital this week for a follow-up to its revelatory Reykjavik and Mexico City festivals. Unsuk Chin, today's best-known Korean composer, is the curator. Despite a seeming wealth of renowned performers, Korea remains a musically mysterious land. The mostly youngish composers and performers in the first festival event, an exceptional concert of new music on Tuesday night, were all discoveries. The festival continues with weekend orchestra concerts featuring different mixes of four more new Korean scores commissioned by the L.A. Phil, Chin's 2014 Clarinet Concerto and a pair of Brahms concertos. A chamber music concert with works by Schumann and Brahms played by Korean musicians is the closing event Disney Concert Hall, 111 S. Grand Ave., downtown L.A. 'Lear Redux'While Center Theatre Group reworks Shakepeare's 'Hamlet' at the Mark Taper Forum (see item below), across town, Odyssey Theatre renews its collaboration with theater artist John Farmanesh-Bocca for a madcap adaptation of the Bard's 'King Lear,' another entry in the director-playwright's Redux series. Veteran stage actor Jack Stehlin stars as the titular monarch in the production, which Stage Raw's Deborah Klugman described as 'wildly idiosyncratic.' In 2016, Times' contributor Philip Brandes made Farmanesh-Bocca's 'Tempest Redux' at the Odyssey (also starring Stehlin) a Critic's Choice, writing that the work 'boldly transposes Shakespeare's play to a darker, more unsettling key, but the inventive staging and solid command of source text make for a memorable re-imagining.'Wednesday-Sunday, through July 13. Odyssey Theatre, 2055 S. Sepulveda Blvd. When CNN broadcasts a live performance of 'Good Night, and Good Luck' from the Winter Garden in New York City on Saturday (4 p.m. PDT), it's apparently the first time a Broadway play will be shown live on television, and the timing could not be better. An adaptation of George Clooney and Grant Heslov's 2005 film, which chronicled CBS newsman Edward R. Murrow's heroic crusade against Sen. Joseph McCarthy's communist witch hunts, the broodingly elegant production, sharply directed by David Cromer and starring a quietly committed Clooney in the role of Murrow (played in the film by David Strathairn), was not only one of the most stirring offerings of the Broadway season but also one of the most necessary. As media companies face a campaign of intimidation from the Trump administration, the figure of Murrow, standing tall in the face of demagogic adversity, is the courageous example we need right now. I don't know how different the experience will be watching at home, but 'Good Night, and Good Luck' made me reflect on what theatergoing might have been like in ancient Greece. Athenian citizens would gather at an open-air theater as a democratic privilege and responsibility. Playwrights addressed the polis not by dramatizing current events but by recasting tales from the mythological and historic past to sharpen critical thinking on contemporary concerns. Clooney and Heslov aren't writing dramatic poetry. Their more straightforward approach is closer to documentary drama, but the effect is not so disparate. We are affirmed in the knowledge that we are the body politic. — Charles McNulty Director and playwright Robert O'Hara's world premiere adaptation of Shakespeare's 'Hamlet' opened Wednesday at the Mark Taper Forum starring Patrick Ball from 'The Pitt' and Gina Torres from 'Suits.' The Times sat down with the trio of creatives for an interview about how the show came together — as well as the many novel ways it diverges from the traditional script. O'Hara presents a modern-day vision that questions whether Hamlet is a tragic hero or a murderous psychopath. The mystery is solved 'CSI'-style and the tone is very L.A. noir. For his part, Ball can't believe any of this is really happening, having been a relative unknown before 'The Pitt' premiered in January. L.A. Opera announced Domingo Hindoyan as its new music director. Hindoyan — chief conductor of the Royal Liverpool Philharmonic — will replace outgoing music director James Conlon when he steps down at the end of the 2026 season. When Hindoyan, a native of Venezuela, made his L.A. Opera debut last November with 'Roméo et Juliette,' Times classical music critic Mark Swed speculated he might be in the running for the coveted position. Turns out he was right. Times contributor Nick Owchar talks with architectural historian Nathan Marsak about the Angel City Press reissue of photographer Arnold Hylen's book of mid-20th century photos, 'Los Angeles Before the Freeways: Images of an Era 1850-1950.' Marsak curated and expanded the new edition, which details a fascinating world of lost streets, civic buildings, shops and restaurants. Orange County Museum of Art executive director Heidi Zuckerman — who announced she will step down in December — has launched a new online platform called 'About Art.' It's home to her 'Why Art Matters' newsletter and 'About Art' podcast, as well as a number of lifestyle offerings including an entry on Zuckerman's love of matcha and how to prepare the perfect cup. In a news release about the venture, Zuckerman notes that her work has gathered a community of 40,000 art enthusiasts. The summer Hollywood Bowl season is upon us, and with it comes the complimentary Market Tasting Series with wine picks by chef Caroline Styne. The fun begins with the Roots Picnic this Sunday in the Plaza Marketplace near the box office. Tastings start an hour before doors open, and you can meet with vintners and reps from Habit Wines, Skurnik Wines, Grapevine Wine Company, Kermit Lynch Wine Merchant, Elevage Wines and more. The final tasting will take place before the John Legend concert on Sunday, Sept. 28. Speaking of wine, Barnsdall Art Park Foundation is back — beginning tonight at 5:30 p.m. — with its 16th annual Barnsdall Fridays wine tasting fundraiser (the first two Fridays are already sold out). Proceeds from the events, scheduled to run through Sept. 26, support cultural programming at the park. The popular summer series comes as proposed city budget cuts imperil the park's finances. Guests are invited to relax on Olive Hill, as well as the west lawn of Frank Lloyd Wright's Hollyhock House — the only existing UNESCO World Heritage site in the city of Los Angeles. Wines come courtesy of Silverlake Wine, and there are always a variety of local food trucks onsite, as well as a DJ. While there, visitors can check out exhibitions and artist-led presentations at the Los Angeles Municipal Art Gallery and Barnsdall Junior Arts Center Gallery. — Jessica Gelt I'm happy to report that I've been to 14 of the 17 eateries on The Times Food section's list of L.A.'s oldest restaurants. Some, like Musso & Frank Grill, I've ambled into many times (that martini!), and others, like Mijares Mexican Restaurant, I've stumbled upon while walking around town. I'll spend this weekend visiting the remaining three.
Yahoo
20-05-2025
- Business
- Yahoo
OPEN Q1 Earnings Call: Asset-Light Expansion and Cost Discipline Amid Housing Headwinds
Technology real estate company Opendoor (NASDAQ:OPEN) announced better-than-expected revenue in Q1 CY2025, but sales fell by 2.4% year on year to $1.15 billion. On the other hand, next quarter's revenue guidance of $1.49 billion was less impressive, coming in 0.8% below analysts' estimates. Its non-GAAP loss of $0.09 per share was 15.9% above analysts' consensus estimates. Is now the time to buy OPEN? Find out in our full research report (it's free). Revenue: $1.15 billion vs analyst estimates of $1.05 billion (2.4% year-on-year decline, 9.3% beat) Adjusted EPS: -$0.09 vs analyst estimates of -$0.10 (15.9% beat) Adjusted EBITDA: -$30 million vs analyst estimates of -$44.02 million (-2.6% margin, 31.8% beat) Revenue Guidance for Q2 CY2025 is $1.49 billion at the midpoint, below analyst estimates of $1.5 billion EBITDA guidance for Q2 CY2025 is $15 million at the midpoint, above analyst estimates of -$12.29 million Operating Margin: -4.9%, up from -7.4% in the same quarter last year Free Cash Flow was -$283 million compared to -$186 million in the same quarter last year Homes Sold: 2,946, down 132 year on year Market Capitalization: $571.7 million Opendoor's first quarter results were shaped by persistent challenges in the U.S. housing market, including elevated mortgage rates and reduced transaction volumes. Management pointed to increased caution among both buyers and sellers, with CEO Carrie Wheeler citing a 25% drop in clearance rates and a 30% increase in home delistings. Despite these headwinds, the company focused on driving profitability through operational efficiency and disciplined pricing, while also investing in product improvements and technology to enhance customer experience. Looking ahead, management acknowledged continued macroeconomic uncertainty and signaled a cautious approach for the remainder of the year. CFO Selim Freiha highlighted plans to prioritize margin improvement over top-line growth, with expectations of lower acquisitions and a sharp reduction in marketing spend in the next quarter. Wheeler described the current strategy as 'a prudent approach' given market volatility, emphasizing readiness to adjust should conditions improve. Opendoor's leadership identified several operational shifts and market trends that influenced Q1 results, as well as strategic changes designed to support long-term growth and profitability. Channel strategy evolution: The company is piloting an expanded agent partnership model in 11 markets, transitioning from a primarily direct-to-consumer approach to one that integrates agents earlier in the seller journey. This aims to improve conversion rates by providing sellers with more tailored advice and potentially driving more asset-light revenue streams. Pricing discipline in uncertain markets: Management increased transaction spreads—a measure of pricing risk—despite a resulting slowdown in home acquisitions. This move was made to protect contribution margins in the face of ongoing market volatility. Product and technology enhancements: Opendoor refined its pricing algorithms with new features, such as incorporating school district quality and local competition, to improve the accuracy of offers and conversion performance. Cost structure optimization: Fixed operating expenses were reduced by $19 million year over year, reflecting a 33% reduction as part of a broader effort to align the business with lower housing market activity. Additional efficiency opportunities are under review. Marketing spend realignment: The company shifted its advertising strategy to better match seasonal housing trends and higher spread levels, resulting in a planned significant decline in marketing expenses for Q2. This is intended to preserve capital and drive spend efficiency. Management's outlook for the next quarter and the year is anchored in continued macroeconomic caution, with a focus on margin improvement, operational efficiency, and expanding asset-light revenue streams. Market uncertainty and demand: Persistently high mortgage rates and seller hesitation are expected to limit housing activity, influencing acquisition pace and inventory management decisions. Asset-light channel expansion: The pilot agent partnership program is designed to drive incremental revenue with lower capital requirements, though its full impact will depend on conversion rates and customer adoption. Cost control as a priority: Management indicated further cost discipline, particularly in marketing and fixed operating expenses, as a key lever to support margin improvements even if revenue growth slows. Dae Lee (J.P. Morgan): Asked whether the reduced acquisition pace in Q2 represents a new normal or is temporary. Management expects typical seasonal patterns, with a sequential decline in Q2 and a potential ramp-up in Q4. Ygal Arounian (Citigroup): Inquired about the health and valuation of older inventory under current market softness. Management responded that margin degradation for older homes is factored into outlooks, with newer acquisitions starting at higher margins. Ygal Arounian (Citigroup): Sought clarity on the agent partnership model's differences versus past products and its intended mix. CEO Carrie Wheeler emphasized the pilot's early stage and flexibility in serving different customer preferences. Ryan Tomasello (KBW): Asked about the breakdown of operating expense reductions, specifically the role of lower marketing spend. Management confirmed that most of the reduction is intentional and seasonal in nature, with some ongoing fixed-cost savings. Benjamin Black (Deutsche Bank): Questioned the signals Opendoor is monitoring for a broader rollout of agent partnerships and the readiness of infrastructure. Management cited conversion rates and customer engagement as key signals and described the company as prepared for scaling. In coming quarters, the StockStory team will watch (1) the impact of the agent partnership pilot on conversion rates and revenue mix, (2) Opendoor's ability to sustain margin improvements through disciplined pricing and cost control, and (3) how the company manages inventory and acquisitions amid ongoing housing market volatility. The success of new asset-light revenue streams and continued operational efficiency will be critical indicators. Opendoor currently trades at a forward price-to-sales ratio of 0.1×. Should you load up, cash out, or stay put? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
06-05-2025
- Business
- Business Wire
ICE and OPEN Introduce New Benchmark for Tracking 20 U.S. Venture-Backed Unicorns
ATLANTA & NEW YORK--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, and OPEN, a pioneer in private market indexing, today announced the launch of the NYSE® OPEN VC Unicorn® 20 Index (NYOV20L), a new benchmark designed to track the performance of 20 of the largest U.S.-based, privately held, venture-backed Unicorn companies. This new index expands upon the success of the NYSE® OPEN Venture Capital Unicorn® Index (NYSEOVC) by offering a focused, liquidity-screened basket of the highest-valued private companies. The NYSE® OPEN VC Unicorn® 20 Index aims to provide investors with enhanced transparency into the largest and most dynamic companies driving innovation across sectors such as artificial intelligence, technology, fintech and aerospace. 'We are excited to continue providing transparency in private markets with the NYSE® OPEN VC Unicorn® 20 Index,' said David Shapiro, CEO at OPEN. 'With this new focused index, investors can track the performance of a more liquid and sought-after basket of pre-IPO companies through a rules-based, valuation-driven approach.' The index utilizes OPEN's proprietary pricing and liquidity scoring models to select 20 U.S.-headquartered Unicorns that meet rigorous valuation and liquidity criteria. ICE Data Indices serves as the administrator and calculation agent for the NYSE® OPEN VC Unicorn® 20 Index. 'We're pleased to work with OPEN as they launch this new index, which offers insights into the growth we're seeing across venture-backed, pre-IPO companies,' said Preston Peacock, Head of ICE Data Indices. 'OPEN's indices give investors unique insights into private markets and are a great complement to our family of indices, which cover a broad range of asset classes including global equities, fixed income, commodities and thematic investments.' 'Unicorns' are privately held start-up companies with valuations exceeding $1 billion. OPEN and ICE aim to empower investors with better access to information on the next generation of innovation through data-driven, quality indices. For more information about the NYSE® OPEN VC Unicorn® 20 Index, please visit The index methodology is available on the ICE Index Platform at About OPEN OPEN is bringing the revolution of index investing to late-stage venture capital, enabling better access to the world's most innovative private Unicorns. Our mission is to offer access to venture capital with low-fee, institutional-grade products. For more information, visit About Intercontinental Exchange NYOV20L is administered by ICE Data Indices, LLC. Additional, important information regarding the index, including methodology and limitations, is available at Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE's futures, equity, and options exchanges -- including the New York Stock Exchange -- and clearing houses help people invest, raise capital and manage risk. We offer some of the world's largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines, and automates industries to connect our customers to opportunity. Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading 'Key Information Documents (KIDS).' Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025. Category: Fixed Income and Data Services SOURCE: Intercontinental Exchange ICE-CORP
