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Tesla Urges Delaware Supreme Court To Restore Elon Musk's $56 Billion Pay Package Ahead Of Next Month's Shareholder Meeting - Tesla (NASDAQ:TSLA)
Benzinga· 2025-10-16 09:49
Tesla Inc. (NASDAQ:TSLA) has urged the Delaware Supreme Court to restore CEO Elon Musk's $56 billion pay package it struck down in 2024.Check out the current price of TSLA here.Tesla Calls Shareholder Vote "Most Informed" DecisionLawyers for the EV giant argued that the shareholder vote to ratify the pay package for Musk was "the most informed stockholder vote in Delaware history," according to a report by Reuters on Wednesday. Musk was reportedly not in attendance at the hearing."Shareholders in 2024 knew ...
Banyan Announces Closing $31.4 Million Private Placement with Strategic Investor
Accessnewswire· 2025-10-16 09:45
Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, BC / ACCESS Newswire / October 16, 2025 / Banyan Gold Corp. (TSXV:BYN)(OTCQB:BYAGF) (the "Company" or "Banyan") is pleased to announce that it has closed a non-brokered private placement whereby the Company has issued (i) 23,700,000 common shares (the "Special FT Shares"), which qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act"), a ...
M&T Bank Corporation (NYSE:MTB) announces third quarter 2025 results
Prnewswire· 2025-10-16 09:45
(2) CET1 capital ratio at September 30, 2025 is estimated. Accessibility StatementSkip Navigation BUFFALO, N.Y., Oct. 16, 2025 /PRNewswire/ -- M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $792 million or $4.82 of diluted earnings per common share. | (Dollars in millions, except per share data) | 3Q25 | 2Q25 | 3Q24 | | --- | --- | --- | --- | | Earnings Highlights | | | | | Net interest income | | $       1,761 $       1,713 $       1,726 | | | Taxable-e ...
Plains All American: Export Critical, Prices Soft
Seeking Alpha· 2025-10-16 09:45
The energy sector, including midstream operators such as Plains All American (NASDAQ: PAA )(NASDAQ: PAGP ), hasn't been getting much love from Wall Street lately. Investment funds decreased their exposure to energy stocks whileBashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from the Queen Mary University of London and ...
BMW says supplier network impacted by developments at chip maker Nexperia
Reuters· 2025-10-16 09:42
Parts of BMW's supplier network are affected by developments at Chinese-owned computer chip maker Nexperia, a spokesperson for the German carmaker told Reuters on Thursday. ...
Stock Market Today: Nasdaq, S&P 500 Futures Rise—Salesforce, Hewlett-Packard Enterprise, Charles Schwab In Focus - SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-10-16 09:40
Market Overview - U.S. stock futures rose on Thursday following mixed moves on Wednesday, with major benchmark indices showing positive futures [1] - The 10-year Treasury bond yielded 4.02%, while the two-year bond was at 3.50%, indicating market expectations for interest rate cuts [2] Earnings Reports - Bank of America Corp. and Morgan Stanley both exceeded Street expectations in their earnings reports [1] - Charles Schwab Corp. is expected to report earnings of $1.25 per share on revenue of $5.99 billion, with shares up 1.94% ahead of the announcement [6][8] - Salesforce Inc. set a revenue goal of over $60 billion by fiscal year 2030, indicating an organic compounded annual growth rate of over 10% from FY26 to FY30, with shares jumping 4.01% [7] - Hewlett Packard Enterprise reported record revenue due to AI demand but saw profit margins compressed by restructuring costs, leading to a 9.19% drop in shares [7] - J B Hunt Transport Services Inc. reported earnings of $1.76 per share, beating estimates, and revenue of $3.05 billion, also above expectations, resulting in a 12.44% increase in shares [17] - US Bancorp is expected to report earnings of $1.13 per share on revenue of $7.16 billion, with shares down 0.24% ahead of the announcement [17] Sector Performance - Gains in real estate, utilities, and communication services stocks led the S&P 500 to a positive close on Wednesday, while materials and industrials ended lower [11] - The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF rose in premarket trading, with SPY up 0.25% and QQQ up 0.43% [3] Analyst Insights - BlackRock maintains an overweight stance on U.S. equities, attributing the dollar's decline to predictable market factors rather than a threat to its reserve currency status [13][14] - The firm views potential Federal Reserve easing as a positive for American companies, supported by stronger corporate earnings in the U.S. compared to other developed markets [15]
Stock Market Today: Nasdaq, S&P 500 Futures Rise—Salesforce, Hewlett-Packard Enterprise, Charles Schwab In Focus
Benzinga· 2025-10-16 09:40
Market Overview - U.S. stock futures rose on Thursday following mixed moves on Wednesday, with major benchmark indices showing positive futures [1] - The 10-year Treasury bond yielded 4.02%, while the two-year bond was at 3.50%, indicating market expectations for interest rate cuts by the Federal Reserve [2] Earnings Reports - Bank of America Corp. and Morgan Stanley both exceeded Street expectations in their earnings reports [1] - Charles Schwab Corp. is expected to report earnings of $1.25 per share on revenue of $5.99 billion, with shares up 1.94% ahead of the announcement [6][8] - Salesforce Inc. set a revenue goal of over $60 billion by fiscal year 2030, indicating an organic compounded annual growth rate of over 10% from FY26 to FY30, with shares jumping 4.01% [7] - Hewlett Packard Enterprise Co. reported record revenue due to AI demand but saw profit margins compressed by restructuring costs, leading to a 9.19% drop in shares [7] - J B Hunt Transport Services Inc. reported earnings of $1.76 per share and revenue of $3.05 billion, both exceeding estimates, resulting in a 12.44% increase in shares [17] - US Bancorp is expected to report earnings of $1.13 per share on revenue of $7.16 billion, with shares down 0.24% ahead of the announcement [17] Sector Performance - Gains in real estate, utilities, and communication services stocks led the S&P 500 to a positive close on Wednesday, while materials and industrials sectors ended lower [11] - The SPDR S&P 500 ETF Trust and Invesco QQQ Trust ETF rose in premarket trading, with SPY up 0.25% and QQQ up 0.43% [3] Analyst Insights - BlackRock maintains an overweight stance on U.S. equities, attributing the weaker dollar to predictable market factors rather than a threat to its reserve currency status [13][14] - The firm views potential Federal Reserve easing as a positive for American companies, supported by stronger corporate earnings in the U.S. compared to other developed markets [15]
Bath & Body Works Stock To $10?
Forbes· 2025-10-16 09:40
Core Viewpoint - Bath & Body Works (BBWI) stock has decreased by 33% year to date, contrasting with a 13% increase in the S&P 500, driven by waning consumer demand, margin pressure, and investor fatigue [2][6] Valuation Metrics - BBWI appears inexpensive, trading at 7.7 times earnings, 0.7 times sales, and 6.9 times free cash flow, significantly lower than S&P 500 averages of 23.6x earnings, 3.2x sales, and 20.6x free cash flow [3] Historical Performance - Historically, BBWI has experienced dramatic declines during economic downturns, including a 67% drop during the inflation shock in 2022 and a 79% decline during the 2008 financial crisis [7][10] Revenue and Margin Analysis - Revenue has stagnated, with a decline of 1.8% on average over three years and only 0.2% over the last twelve months on $7.4 billion in sales, indicating insufficient growth momentum [6][14] - Operating margin stands at 17.1%, net margin at 9.9%, and cash flow margin at 13.6%, suggesting that minor revenue declines can significantly impact earnings [6][14] Debt and Financial Health - BBWI has $5 billion in debt against a $5.4 billion market cap, with only $364 million in cash, indicating a thin balance sheet and limited flexibility during downturns [6][14] Consumer Sensitivity - The company is heavily reliant on discretionary spending, making it vulnerable to changes in consumer confidence and spending habits [14] Alternative Investment Options - For investors seeking reduced volatility, the High Quality Portfolio has outperformed its benchmark with returns exceeding 105% since its establishment, offering superior returns with diminished risk [5][13]
Whitbread plc (WTBDY) Q2 2026 Earnings Call Prepared Remarks Transcript
Seeking Alpha· 2025-10-16 09:36
Core Insights - The company has made excellent progress in the first half of 2026, as highlighted in the interim results presentation [1] - The Accelerating Growth Plan is a key strategic initiative aimed at transforming the business and is part of a broader 5-year plan [2] - The company has outperformed the market in the U.K. during the first half, benefiting from a strong guest proposition and ongoing commercial programs [2] - In Germany, the company is on track to achieve profitability by the end of the fiscal year 2026 [3]
PayPal's crypto partner mints a whopping $300 trillion stablecoins in 'technical error'
CNBC· 2025-10-16 09:34
Core Insights - Paxos, PayPal's blockchain partner, mistakenly minted $300 trillion of the PYUSD stablecoin due to a technical error [1][2] - The error was identified and corrected within approximately 20 minutes, with no security breach reported and customer funds deemed safe [2] - PYUSD is a dollar-pegged stablecoin, fully backed by U.S. dollar deposits and similar cash equivalents, redeemable on a 1:1 basis [3] Company Overview - The incident highlights that the dollar peg of PYUSD relies on PayPal and third-party attestation reports rather than the intrinsic minting process [3] - The error raised concerns as $300 trillion would require more than double the world's estimated total GDP to back [4] - PYUSD is currently the sixth-largest stablecoin globally, with a market capitalization exceeding $2.6 billion [4] Industry Context - The mistake occurs at a time when stablecoins are gaining mainstream adoption among banks and payment platforms [4]