Latest news with #S&PGlobal
CNBC
a day ago
- Business
- CNBC
Block shares soar 10% on entry into S&P 500
Block shares jumped more than 10% in extended trading on Friday, as the fintech company get set to join the S&P 500, replacing Hess. It's the second change to the benchmark this week, after S&P Global announced on Monday that ad-tech firm The Trade Desk would be added to the S&P 500. Trade Desk is taking the place of software maker Ansys, which was acquired by Synopsys in a deal that closed on Thursday. Hess' departure comes just after Chevron completed its $54 billion purchase of the oil producer prevailing against Exxon Mobil in a legal dispute over offshore oil assets in the South American nation of Guyana. This is breaking news. Please refresh for updates.
Yahoo
a day ago
- Automotive
- Yahoo
Why Tesla Stock Plummeted 21.3% in the First Half of 2025 -- and What Comes Next
Key Points After rallying last year, Tesla stock has seen a big pullback in 2025. Declining vehicle deliveries and political headwinds have pressured the company's valuation. Tesla's electric vehicle business is facing significant challenges, but some investors are betting that robotaxis and other growth drivers will reinvigorate the business. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) stock saw a substantial pullback across this year's first half. The company's share price fell 21.3% across the first six months of 2025, according to data from S&P Global Market Intelligence. The sell-off came even as the S&P 500 index climbed 5.5% over the stretch. Tesla stock surged in the latter half of 2024 in anticipation of political tailwinds connected to the presidential election and President Trump's victory in the race, but the gains set the stage for a significant pullback this year, as political dynamics shifted and vehicle sales came in at underwhelming levels. Tesla stock sank due to vehicle deliveries and political headwinds Tesla kicked off January with its deliveries update for last year's fourth quarter and announced that it had delivered 495,570 vehicles in the period. While the performance marked an increase from the 484,507 vehicles it delivered in the prior-year quarter, 2024 still wound up being the first year in which the company's total deliveries decreased. The company then published its Q1 performance update in April and reported that it had delivered 336,681 vehicles in the period -- down 13% year over year. Vehicle sales this year have looked particularly weak in European markets, and it seems that CEO Elon Musk's activities in the political realm may have had a significant negative impact on the company's brand. Factors including rising competition from Chinese manufacturers also played a role in Tesla's sell-offs across this year's first half. The company did launch its robotaxi service in Austin, Texas toward the end of June, but the service's launch hasn't been able to support a sustained rally for the stock yet. What's next for Tesla? At the beginning of this month, Tesla published vehicle production and delivery updates for the second quarter. The business delivered approximately 384,122 vehicles in the period, representing a year-over-year decline of roughly 14%. Meanwhile, the business produced 410,244 vehicles in the period -- down slightly from the roughly 411,000 vehicles produced in Q2 of the previous year. Even though the company saw substantial declines for deliveries in the quarter, the results were better than some analysts had feared and actually helped support gains for the stock. The company's share price has also seen significant moves in relation to developments surrounding Elon Musk's relationship with President Trump, and there's a good chance that political catalysts will continue to spur moves for the stock in the near term. Tesla stock has seen some significant swings in July, and its share price is now up roughly 1.3% across this month's trading as of this writing. As of this writing, Tesla has a market capitalization of roughly $1.04 trillion and is valued at approximately 10.8 times this year's expected sales. Given recent declines for vehicle deliveries, the company's current valuation comes with a high amount of risk. On the other hand, investors are betting that Tesla's robotaxi project and other growth bets will pave the way for the business to score huge wins outside of its core electric vehicle market. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $442,699!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $39,697!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $679,653!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of July 14, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy. Why Tesla Stock Plummeted 21.3% in the First Half of 2025 -- and What Comes Next was originally published by The Motley Fool Sign in to access your portfolio
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
Weekly Recap: 12 Finance Press Releases You Need to See
A roundup of the most newsworthy financial press releases from PR Newswire this week, including Zimmer Biomet's acquisition of Monogram Technologies and S&P Global's collaboration with Anthropic. NEW YORK, July 18, 2025 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download. Zimmer Biomet Announces Definitive Agreement to Acquire Monogram Technologies, Expanding Robotics Suite with Autonomous SolutionsZimmer Biomet anticipates the acquisition will be neutral to adjusted earnings per share in 2025-2027 and accretive in 2028 and beyond. S&P Global and Anthropic Announce Integration of S&P Global's Trusted Financial Data into ClaudeFinancial professionals, from hedge fund managers to private equity and investment banking analysts, need to be able to access crucial financial data wherever their workflows take place. With this cutting-edge integration, customers can unlock S&P Global's trusted data and insights seamlessly and reliably within Anthropic's Claude. VantageScore 4.0 Beats FICO Classic for Mortgage Predictive PerformanceAccording to the analysis, VantageScore 4.0 captures 11.2% more mortgage defaults within the highest risk scored population in the historical 10-year data set, compared to the Classic FICO Score. Paycheck-to-Paycheck Living Reaches Four-Year High in the U.S., According to SurveyThe survey, now in its eighth year, reveals a troubling paradox: while budgeting has become a regular habit for many, the pressures of inflation, stagnant wages, and rising costs are overwhelming even the most disciplined consumers. Synopsys Completes Acquisition of AnsysThe transaction, which was announced on January 16, 2024, combines leaders in silicon design, IP and simulation and analysis to enable customers to rapidly innovate AI-powered products. Opendoor Releases the Key Agent™ App to Further Empower Real Estate AgentsAt launch, the app will help agents present cash offers to clients with increased speed and precision by providing an intuitive, streamlined home assessment process. Huntington Bancshares Incorporated Announces Acquisition of Veritex and Provides Preliminary 2025 Second Quarter ResultsThis strategic acquisition accelerates Huntington's strong organic growth in Texas by expanding its presence in Dallas/Fort Worth and Houston. As of March 31, 2025, Veritex reported approximately $13 billion in assets, $9 billion in loans, and $11 billion in deposits. Summer just got hotter: Zillow debuts five powerful new featuresZillow's Summer Launch debuts five new features to make home shopping, selling and renting easier — and it's headlined by SkyTour, a first-of-its-kind, user-guided view of a home's exterior from above. Blue Owl Capital and Voya Financial Enter Strategic Partnership to Bring Private Markets Investments to Defined Contribution Retirement PlansThe strategic partnership will offer private markets strategies in vehicles tailored for defined contribution retirement plans, addressing the growing demand for alternative investment solutions within retirement portfolios. Acquires ZenlistThe acquisition advances strategy to deliver solutions that provide agents and industry partners with greater insight and value – while creating a more connected, transparent and consumer-friendly real estate marketplace. Introducing Luminary Insights: AI-Powered Estate Planning GuidanceBreakthrough technology automatically detects potential concerns and surfaces opportunity suggestions—helping firms scale and deliver more consistent, expert-level advice across their entire client base. Cardinal Health announces One Voice Initiative to support independent pharmacy advocacyAs part of this ongoing initiative, Cardinal Health will make financial contributions to state pharmacy associations. Support for additional states will be based on access to advocacy opportunities for the independent pharmacy community. For more news like this, check out all of the latest finance-related releases from PR Newswire. Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most. Helping Journalists Stay Up to Date on Industry News These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists. Once they're signed up, reporters, bloggers, and freelancers have access to the following free features: Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more. Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger's next story. Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles. Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more. About PR Newswire PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world. For questions, contact the team at
Business Insider
3 days ago
- Business
- Business Insider
Netflix's price hikes and ad tier will fuel a record quarter, analysts say
Netflix seems poised for a record-setting quarter, even as its crackdown on freeloaders cools off. Wall Street expects Netflix to report a best-ever $11.1 billion in revenue and $7.08 in earnings per share when it shares second-quarter results on Thursday, based on consensus estimates compiled by S&P Global. That would be up from first-quarter marks of $10.5 billion and $6.61, respectively. Analysts think Netflix's primary growth drivers this quarter will be the price increases it implemented earlier this year and its budding advertising tier. That tier drove nearly half of Netflix's subscriber growth in the US in the first five months of 2025, according to data firm Antenna. The fast-growing, cheaper plan is on a strong trajectory and could eventually bring in more revenue per user than the ad-free tier, S&P Global media analyst Melissa Otto told Business Insider. Price hikes and its ad tier have become Netflix's main growth catalysts as its password-sharing clampdown runs its course. The streaming giant shattered its subscriber growth record in 2024 when it stopped people from sharing passwords. It generated 41 million net sign-ups last year, including 18.9 million in the fourth quarter. However, Netflix has likely picked most of that low-hanging fruit. The company no longer shares its subscriber count, though Antenna estimates that its gross monthly additions have leveled off in the US. Its US resubscribe rate has also rebounded, which implies that it's getting fewer first-time sign-ups. "Netflix has largely run out of individuals who were motivated to pay for Netflix for the first time because they lost access via another household's account," Antenna analysts wrote this week. A Netflix spokesperson declined to comment ahead of earnings. Life after the password-sharing crackdown Netflix analysts are confident that the company can keep growing despite the benefits from its password crackdown wearing off. "We continue to view Netflix as well-positioned given the company's unmatched scale in streaming, further runway for subscriber growth, significant opportunities in advertising, and sports/live," Bank of America's Jessica Reif Ehrlich wrote in a mid-July note. Netflix should benefit from a strong second-half content slate that includes new seasons of hits "Wednesday" and "Stranger Things" as well as "Happy Gilmore 2" and a pair of live NFL games on Christmas, Reif Ehrlich wrote. It also has momentum from the new season of "Squid Game." And although Netflix has lost viewership ground to YouTube in the last year, it's still crushing its paid peers. Its viewership share is about as much as Disney+, Hulu, and Amazon Prime Video combined. "The viewership data has been strong, suggesting that engagement's good," UBS media analyst John Hodulik told BI. He added that this means cancellations should remain low. Games could be another growth lever. Netflix hasn't mastered gaming yet, but many of its rivals aren't even trying. "No one's really cracked the code on the streaming gaming, and it would seem that Netflix may be in a great position for that," Otto said.
Yahoo
3 days ago
- Business
- Yahoo
Why Palantir Stock Skyrocketed 80.3% in the First Half of 2025 -- and Has Kept Rising
Key Points Excitement surrounding AI software and strong quarterly results helped power big gains for Palantir stock in this year's first half. Palantir has been posting very strong sales and earnings growth. The software specialist's stock has a risky, growth-dependent valuation, but the business appears to be firing on all cylinders. 10 stocks we like better than Palantir Technologies › Palantir (NASDAQ: PLTR) stock saw a massive rally across the first half of 2025's trading. The tech company's share price rose 80.3% across the stretch against the backdrop of a 5.5% gain for the S&P 500 index, according to data from S&P Global Market Intelligence Palantir's valuation has surged in 2025 thanks to strong business results and excitement surrounding the company's long-term opportunities in the artificial intelligence (AI) software space. The stock is now up roughly 1,570% over the last three years. Palantir stock crushed the market in 2025's first half In February, Palantir published results for last year's fourth quarter -- and the print came in far better than Wall Street's already elevated expectations. The business posted non-GAAP (adjusted) earnings per share of $0.14 on revenue of $828 million, crushing the average analyst estimate's call for per-share earnings of $0.11 on sales of $776 million. Sales were up 36% year over year in the period, and the results showed that the company was continuing to score big wins with customers in the public sector and the private sector. Palantir then published results for this year's Q1 in May, delivering adjusted earnings that were in line with Wall Street's target and sales that topped the market's expectations. The business posted adjusted earnings of $0.13 per share on sales of $884 million. Meanwhile the average analyst estimate had called for per-share earnings of $0.13 on sales of $863 million. Palantir stock actually saw a sell-off in the trading immediately following its Q1 report, but the results were strong enough to lay the foundations for the rally to resume after some initial volatility. Palantir stock posted impressive gains across the first half of 2025's trading. The company's valuation appears to have gotten a boost from excitement surrounding AI companies with exposure to the defense industry and expectations that the Trump administration will help establish favorable conditions for its growth. What's next for Palantir? The rally for Palantir stock has continued in the second half of 2025, and the company's share price is now up roughly 11% across July's trading. Management is guiding for annual revenue to come in between $3.89 billion and $3.902 billion this year -- good for growth of roughly 36% at the midpoint of the target range. Meanwhile, the company's midpoint target calls for adjusted free cash flow of roughly $1.7 billion. On the heels of explosive gains, Palantir is now trading at roughly 259 times this year's expected earnings and 91 times expected sales. While Palantir's incredibly growth-dependent valuation creates the potential for substantial downside volatility, the business has been serving up strong results -- and investors are betting that the company will continue to score big wins in the AI software space. Do the experts think Palantir Technologies is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Palantir Technologies make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,060% vs. just 179% for the S&P — that is beating the market by 881.02%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Why Palantir Stock Skyrocketed 80.3% in the First Half of 2025 -- and Has Kept Rising was originally published by The Motley Fool Sign in to access your portfolio
