Latest news with #fiscalYear2026
Reuters
3 days ago
- Business
- Reuters
Thai government's $115 billion budget clears first parliamentary vote
BANGKOK, May 31 (Reuters) - The Thai government's 3.78 trillion baht ($115 billion) budget for the 2026 fiscal year passed its first parliamentary vote on Saturday, but there will be a series of further votes before it can be enacted. After a four-day debate, the draft budget bill, aimed at supporting a sluggish economy facing steep U.S. tariffs, passed with 322 votes in favour and 158 against. The Pheu Thai Party-led government has a majority in the House of Representatives, but there have been some tensions in the coalition. The budget vote is crucial to the government as a defeat could have forced Prime Minister Paetongtarn Shinawatra to either resign and make way for a new premier elected by parliament, or dissolve the house and call a general election. The budget will still need to pass second and third readings in the lower house, expected in August, before being sent for Senate and royal approval. The 2026 fiscal year starts on October 1. ($1 = 32.85 baht)
Yahoo
24-05-2025
- Business
- Yahoo
Why Snowflake Inc. (SNOW) Soared Today
We recently published a list of In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against other stocks that soared today. Cloud-based data storage provider Snowflake jumped by 13.43 percent on Thursday to close at $203.18 apiece following news that it cracked past the $1-billion revenue mark in the first quarter of fiscal year 2026. In its financial statement, Snowflake Inc. (NYSE:SNOW) said that revenues increased by 25.7 percent to $1.04 billion during the period from the $829 million registered in the same period last year, on the back of higher product revenues. A software engineer at work, surrounded by a wall of computer monitors connected to a 'Data Cloud' platform. However, it remained at a 35-percent higher net loss of $430 million versus $318 million year-on-year. For the second quarter, Snowflake Inc. (NYSE:SNOW) expects product revenues to grow by 25 percent to a range of $1.035 billion to $1.04 billion. Following the results, Citi Group gave a Buy recommendation on the company's stock, while also raising its price target to $245 from $235 previously. The new price target represented a 20.6-percent upside from its latest closing price. Overall, SNOW ranks 10th on our list of stocks that soared today. While we acknowledge the potential of SNOW, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNOW and has 10,000% upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
10-05-2025
- Business
- Yahoo
APS Board of Education approves $2.2B budget
ALBUQUERQUE, N.M. (KRQE) – This week, the Albuquerque Public Schools Board of Education approved a record-setting budget for the next school year. On Wednesday, the board approved a $2.2 billion budget for fiscal year 2026. That shakes out to about $35,000 per student, which is about $3,000 more per student than last fiscal year. Parent speaks out after gun found on Albuquerque Public Schools campus Despite declining enrollment, this is the district's largest budget yet, with over half going to staff salaries and the cost to operate the schools. The budget now goes to the New Mexico Public Education Department for approval. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
