(Bloomberg) — S&P Global Ratings upgraded Uber Technologies Inc.’s credit ratings to investment-grade status on Friday, citing the ride-hailing and food-delivery company’s consistent earnings growth. Most Read from Bloomberg Uber’s main bond ratings were upgraded to BBB-, the lowest investment-grade level, from BB+, the highest junk grade, S&P said in a statement. Investment-grade credit ratings
Pennsylvania Public School Employees’ Retirement System has settled its lawsuit against Aon Investments USA Inc., its former investment consultant, for $7 million. The settlement revolved around accounting errors that Aon made in a 2020 risk share analysis, which the education workers’ retirement plan alleged damaged its finances and hurt its reputation. “This resolution is a
ASX Limited (ASX: ASX), the Australian Securities Exchange, reported financial results for the fiscal year ending June 30, 2024, with record operating revenue of $1.03 billion, despite a dip in net profit after tax by 3.4% to $474.2 million. The company’s earnings were affected by higher operating expenses, largely due to investments in regulatory commitments
Tempus AI Inc. TEM, a cutting-edge healthcare diagnostics company, has been on a tear. The stock established a new high of $47.81 on Thursday. The stock is up 17.27% since its IPO in June. The company, which went public at $37 per share, and has been riding a wave of momentum ever since. Over the
Investing in the blockchain space requires meticulous planning and strategic management. LayerZero’s cross-chain messaging capabilities offer immense potential, but to truly harness this potential, investors and businesses need to streamline their operations. Online scheduling software can play a pivotal role in this regard. By enhancing communication, streamlining meetings, and effectively managing timelines, these tools can
The company’s set for steady long-term double-digit growth, but it will never likely see enormous growth. DigitalOcean Holdings (DOCN 0.91%) isn’t exactly a household name. However, neither were Amazon and Apple in their infancy. Both grew to be trillion-dollar companies anyway, richly rewarding investors with the foresight to see what each name would eventually become.
There’s lots to celebrate this August in Ohio. Lebron James brought home the gold for Team USA in the Olympics, and there are great (and Great) lakes to visit and ice cream cones to be enjoyed. While we enjoy a few more weeks of summer, I’m also thinking about a newer August occasion to celebrate,
The Biden administration’s CHIPS Act initiative hasn’t worked out quite as expected, as the Financial Times reports that 40% of large-scale investments are either halted or delayed indefinitely. US CHIPS Act Hasn’t Managed To Achieve Its Primary Objectives, $84 Billion Worth Of Projects Remain Unsettled For those unaware, the CHIPS Act was introduced by the
By Sydney Price (August 15, 2024, 9:34 PM EDT) — A New York federal judge ruled Thursday that an exclusion to the Investment Advisers Act applies to the investing analysis website Seeking Alpha, dismissing a proposed class action from subscribers who accused the site of serving as an unregistered investment adviser and unlawfully collecting subscription fees….
Executives and entities related to American Public Education Inc. (NASDAQ:), a provider of online and on-campus postsecondary education, have recently made significant purchases of the company’s stock, according to the latest SEC filings. The transactions, which occurred on August 14 and 15, involved a series of stock acquisitions at varying prices, reflecting a strong vote