Edison International beats quarterly profit estimates on lower interest costs, higher electricity rates | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Feb 18 (Reuters) - Edison International [(EIX.N), opens new tab] reported a better-than-expected profit for the fourth quarter on Wednesday, aided by higher electricity rates and a reduction in interest costs tied to wildfirerelated cost-recovery approvals.Shares of the company were ...

Madison Square Garden Sports shares hit record high as it explores Knicks, Rangers spinoff | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Madison Square Garden building in New York , August 3, 2012. REUTERS/Charles Platiau [Purchase Licensing Rights, opens new tab]NEW YORK, Feb 18 (Reuters) - Shares of Madison Square Garden Sports [(MSGS.N), opens new tab] rose more than 16% to hit a record high on Wednesday after the company said ...

India's Bharat Petroleum, HPCL Mittal buy Venezuelan oil, sources say | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A Bharat Petroleum fuel station is pictured in Gurugram, India, June 4, 2025. REUTERS/Priyanshu Singh [Purchase Licensing Rights, opens new tab]- Companies[Bharat Petroleum Corporation Ltd]Follow[Hpcl-Mittal Energy Limited]Follow[Hindustan Petroleum Corp Ltd]FollowShow more companiesNEW YORK/NEW DELHI, Feb 18 (Reute ...

US judge rejects Live Nation bid to dismiss antitrust lawsuit over ticket pricing | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 A Live Nation sign and office building stand along Hollywood Blvd, after the U.S. Department of Justice and a group of states filed an antitrust lawsuit against Live Nation Entertainment, in Los Angeles, California, U.S., May 23, 2024. REUTERS/Mike Blake[1/2]A Live Nation sign and office buil ...

Australia's Wesfarmers shares slide as high living costs temper second-half start | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]An employee of Bunnings, which is part of the Wesfarmers retail conglomerate, walks down an aisle at a store in Sydney, Australia February 17, 2022. REUTERS/Stephen Coates [Purchase Licensing Rights, opens new tab]- Companies- Summary- Interim dividend lifted to 102 Australian cents- Bunnings, Kmart, Wes ...

EBay forecasts first-quarter revenue above estimates | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Ebay logo is seen in this illustration taken February 11, 2025. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies[Depop Limited]Follow[eBay Inc]Follow[ETSY Inc]FollowFeb 18 (Reuters) - EBay Inc [(EBAY.O), opens new tab] forecast first-quarter revenue above Wall Street estimates on Wednesday, signa ...

Core Insights - Figma forecasts annual revenue exceeding Wall Street expectations, driven by strong design momentum and user base expansion efforts, resulting in a 15% increase in shares during extended trading [1] Company Performance - Figma anticipates 2026 revenue between $1.36 billion and $1.37 billion, surpassing estimates of $1.29 billion [1] - Fourth-quarter revenue reached $303.8 million, exceeding estimates of $293.2 million, with an adjusted earnings per share of 8 cents compared to the expected 7 cents [1] - The company projects first-quarter revenue between $315 million and $317 million, while analysts expected $291.9 million [1] Strategic Initiatives - Figma is leveraging generative artificial intelligence as a strategic tool to differentiate itself in a competitive market dominated by Adobe [1] - The company is also exploring acquisitions to enhance its product offerings [1] Financial Context - Figma's operating expenses nearly tripled in the fourth quarter, attributed to stock-based compensation calculations [1] - The company went public in July last year, experiencing a 250% increase on its first trading day, but has since seen its stock decline by approximately 80% [1]

Core Viewpoint - Carvana reported significant growth in fourth-quarter profit and revenue, driven by strong demand for used vehicles amid rising living costs and tariff impacts [1] Group 1: Financial Performance - Overall revenue increased by approximately 58% to $5.6 billion in Q4 2025 compared to the same period in the previous year, surpassing analysts' expectations of $5.26 billion [1] - Quarterly net income rose to $951 million from $159 million year-over-year [1] - The company reported a quarterly profit per share of $4.22 based on 226 million Class A shares [1] Group 2: Market Context - The growth in Carvana's performance is attributed to heightened demand for preowned vehicles as consumers face higher living costs [1] - The company experienced a remarkable year, with its shares more than doubling in 2025 and its entry into the S&P 500 [1]

Core Viewpoint - A federal judge has granted Palantir Technologies a temporary injunction against former employees soliciting its staff for a competing AI firm, Percepta AI, amid allegations of using confidential information to create a similar software product [1]. Group 1: Legal Proceedings - The ruling by U.S. District Judge Paul Oetken prevents former Palantir vice president Hirsh Jain and senior engineer Radha Jain from soliciting Palantir employees for Percepta AI, which they launched last year [1]. - The judge also barred Joanna Cohen, a former Palantir engineer now with Percepta, from breaching her confidentiality agreement with Palantir [1]. - Palantir's lawsuit, filed in October, claims that Percepta's services are designed to enhance efficiency for businesses and government agencies using existing data, similar to Palantir's AI-powered software [1]. Group 2: Company Background - Percepta AI is backed by venture capital firm General Catalyst and was publicly unveiled in October [1]. - The defendants, including Hirsh Jain, who managed Palantir's healthcare portfolio, and Radha Jain, who contributed to the flagship software, left Palantir in August 2024 to establish Percepta [1]. - Percepta has reportedly hired at least 10 former Palantir employees shortly after its founding, with nearly half of its workforce being ex-Palantir staff [1]. Group 3: Agreements and Allegations - Palantir asserts that the defendants signed agreements prohibiting them from competing for one year after leaving, soliciting Palantir customers or employees for two years, and using any confidential information outside their employment [1]. - The lawsuit accuses the defendants of breaching these agreements and seeks to enforce compliance [1].

Morgan Stanley opened accounts for Jeffrey Epstein's trusts between 2015 and 2019, years after the financier was convicted and registered as a sex offender under a 2008 plea deal, documents released b... ...