TikTok reaches deal for new US joint venture to avoid American ban
Reuters· 2026-01-23 01:05
Core Insights - ByteDance, the Chinese owner of TikTok, has finalized a deal to establish a majority American-owned joint venture to circumvent a potential U.S. ban on the app, which has over 200 million users in the U.S. [1] Company Summary - The joint venture aims to address regulatory concerns in the U.S. regarding data privacy and national security associated with TikTok's Chinese ownership [1] - This strategic move is expected to enhance TikTok's operational stability in the U.S. market and potentially improve its relationship with U.S. regulators [1] Industry Summary - The establishment of a majority American-owned joint venture reflects the ongoing tensions between U.S. and Chinese tech companies, particularly in the social media sector [1] - The deal signifies a broader trend of foreign companies adapting their business structures to comply with U.S. regulations and mitigate risks associated with geopolitical issues [1]
Getchell Gold Corp Invites Shareholders and Investment Community to visit us at Booth 532 at the VRIC in Vancouver, January 25-26, 2026
TMX Newsfile· 2026-01-23 01:03
Group 1 - Getchell Gold Corp, a Nevada-focused gold developer, will participate in the Vancouver Resource Investment Conference (VRIC) at Booth 532 on January 25-26, 2026 [1] - The VRIC 2026 will feature over 120 expert speakers, including respected economists and legendary money managers [2] - The conference will provide networking opportunities with over 5,000 industry professionals and investors, along with interactive exhibits showcasing innovations in the resource sector [3] Group 2 - The Vancouver Resource Investment Conference has been a key event for junior mining investment in Canada for 25 years, attracting over 5,000 mining investors annually [5] - The conference will include a marketplace of over 300 investment opportunities in the mining industry, covering early-stage exploration to advanced producing mines [5]
Here's What Key Metrics Tell Us About Customers Bancorp (CUBI) Q4 Earnings
ZACKS· 2026-01-23 01:01
Core Insights - Customers Bancorp (CUBI) reported a revenue of $236.94 million for the quarter ended December 2025, marking a 41.5% increase year-over-year, with an EPS of $2.06 compared to $1.36 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $229.75 million by 3.13%, and the EPS also surpassed the consensus estimate of $2.04 by 0.88% [1] Financial Performance Metrics - Efficiency Ratio stood at 49.5%, higher than the average estimate of 47.8% based on three analysts [4] - Net Interest Margin was reported at 3.4%, matching the average estimate from two analysts [4] - Average Balance of Total Interest-Earning Assets was $23.93 billion, slightly above the estimated $23.81 billion [4] - Annualized net charge-offs to average loans and leases were 0.3%, better than the average estimate of 0.5% [4] - Total Non-Interest Income reached $32.52 million, exceeding the estimated $27.89 million [4] - Loan fees amounted to $7.42 million, below the average estimate of $10.25 million [4] - Commercial lease income was reported at $14.19 million, surpassing the estimated $11.53 million [4] - Net interest income tax equivalent was $204.78 million, slightly below the average estimate of $205.18 million [4] Stock Performance - Shares of Customers Bancorp have returned +4.9% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]
Compared to Estimates, Glacier Bancorp (GBCI) Q4 Earnings: A Look at Key Metrics
ZACKS· 2026-01-23 01:01
Core Insights - Glacier Bancorp (GBCI) reported a revenue of $306.51 million for the quarter ended December 2025, reflecting a year-over-year increase of 37.5% [1] - The earnings per share (EPS) for the quarter was $0.49, down from $0.54 in the same quarter last year, indicating a decline [1] - The reported revenue exceeded the Zacks Consensus Estimate of $305.55 million by 0.32%, while the EPS fell short of the consensus estimate of $0.59 by 17.3% [1] Financial Performance Metrics - The efficiency ratio for the quarter was 61%, slightly higher than the estimated 60.4% by analysts [4] - The net interest margin (tax-equivalent) was reported at 3.6%, matching the average estimate from analysts [4] - Non-accrual loans amounted to $62.49 million, exceeding the average estimate of $50.6 million [4] - Total non-performing assets reached $68.9 million, higher than the average estimate of $56.19 million [4] - Average balances of total earning assets were $29.84 billion, slightly above the estimated $29.81 billion [4] - Total non-interest income was reported at $40.45 million, surpassing the average estimate of $38.98 million [4] - Net interest income was $266.07 million, slightly above the average estimate of $265.51 million [4] - Gain on sale of loans was $4.59 million, below the average estimate of $5.45 million [4] - Net interest income (tax-equivalent) was reported at $269.62 million, marginally below the estimated $269.65 million [4] Stock Performance - Shares of Glacier Bancorp have returned +8.5% over the past month, outperforming the Zacks S&P 500 composite, which saw a change of +0.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
Byline Bancorp (BY) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2026-01-23 01:01
For the quarter ended December 2025, Byline Bancorp (BY) reported revenue of $117.01 million, up 11.8% over the same period last year. EPS came in at $0.76, compared to $0.69 in the year-ago quarter.The reported revenue represents a surprise of +5.13% over the Zacks Consensus Estimate of $111.3 million. With the consensus EPS estimate being $0.72, the EPS surprise was +6.04%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...
OceanFirst (OCFC) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2026-01-23 01:01
For the quarter ended December 2025, OceanFirst Financial (OCFC) reported revenue of $104.69 million, up 9.6% over the same period last year. EPS came in at $0.41, compared to $0.38 in the year-ago quarter.The reported revenue represents a surprise of +1.94% over the Zacks Consensus Estimate of $102.7 million. With the consensus EPS estimate being $0.39, the EPS surprise was +6.03%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...
Compared to Estimates, Independent Bank Corp. (INDB) Q4 Earnings: A Look at Key Metrics
ZACKS· 2026-01-23 01:01
Independent Bank Corp. (INDB) reported $253.93 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 43.6%. EPS of $1.70 for the same period compares to $1.21 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $247.67 million, representing a surprise of +2.53%. The company delivered an EPS surprise of +2.83%, with the consensus EPS estimate being $1.65.While investors closely watch year-over-year changes in headline numbers -- revenue and ...
Workers Claim Nepo Babies Are Costing Them Jobs, New Survey Shows
Investopedia· 2026-01-23 01:00
Key Takeaways In the survey, 54% said nepotism had a negative impact on the workplace, affecting productivity, morale, and diversity. Related Education 9 Effective Strategies to Secure Your Next Job Discover the 10 College Majors with the Best Salary Potential After Graduation Nepotism doesn't just happen in Hollywood or other high-profile industries. Many people are noticing it in their own workplaces, and say they've been affected personally. In a survey of 1,000 people by Resume.io—an online platform tha ...
The Federal Reserve Is Still Dealing With The Shutdown's 'Data Fog'
Investopedia· 2026-01-23 01:00
The 43-day government shutdown may feel like ancient history, but it's still fouling up key economic data. The government's official reports on inflation have been both delayed and distorted by the shutdown that spanned October and part of November. That's complicating the job of Federal Reserve officials who meet next week to set the nation's monetary policy. Thursday's report on Personal Consumption Expenditures inflation, which normally covers December, instead covered only October and November, as the B ...
President Trump Sues Jamie Dimon and JPMorgan Chase in 'Woke' Banking Dispute
Investopedia· 2026-01-23 01:00
Key Takeaways "While we regret President Trump has sued us, we believe the suit has no merit,†said JPMorgan Chase in a statement on Thursday. "We have been asking both this Administration and prior administrations to change the rules and regulations that put us in this position, and we support this Administration's efforts to prevent the weaponization of the banking sector,†the company added. President Donald Trump on Thursday sued JPMorgan Chase (JPM) and its CEO Jamie Dimon, alleging the bank illegally cl ...