JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon
Fox Business· 2025-06-11 21:15
JPMorgan Chase CEO Jamie Dimon issued a new warning about the U.S. economy, saying that conditions could deteriorate soon and undermine a potential soft landing. "I think there's a chance real numbers will deteriorate soon," Dimon said Tuesday at a Morgan Stanley conference.Dimon pushed back on suggestions that economic surveys showing diminished business and consumer confidence are an indicator of what's to come. He explained that "neither consumers nor businesses ever pick the inflection points," and adde ...
Oracle Earnings See Cloud Acceleration
The Motley Fool· 2025-06-11 21:09
Here's our initial take on Oracle's (ORCL -0.64%) fiscal 2025 fourth-quarter financial report.Key MetricsMetricQ4 FY24Q4 FY25Changevs. ExpectationsRevenue$14.3 billion$15.9 billion+11%BeatEarnings per share (adjusted)$1.63$1.70+4%BeatCloud infrastructure revenue$2.0 billion$3.0 billion+52%n/aCloud application revenue$3.3 billion$3.7 billion+12%n/aCloud Infrastructure SoarsOracle's cloud infrastructure revenue rose by 52% year over year in the fourth quarter of fiscal 2025 to $3.0 billion, and the company se ...
Is Consumer Discretionary a Dead End? These 3 Stocks Say No
MarketBeat· 2025-06-11 21:07
Conventional investor wisdom holds that the consumer discretionary sector performs best when the economy is thriving and customers have money to spend. Low interest rates and strong job growth may be other important indicators of a potential boom in consumer discretionary companies. With those things in mind, investors might expect that stocks in the consumer discretionary sector would be a non-starter in mid-2025. After all, a recent employment situation report from the U.S. Bureau of Labor Statistics show ...
Equinox Gold Provides Updated 2025 Gold Production and Cost Guidance, 2025 Full-year Pro Forma Guidance, Including Calibre Mining Assets, of 785,000 - 915,000 Ounces of Gold, Greenstone Mine Expecting Strong H2 2025
Newsfile· 2025-06-11 21:07
Equinox Gold Provides Updated 2025 Gold Production and Cost Guidance, 2025 Full-year Pro Forma Guidance, Including Calibre Mining Assets, of 785,000 - 915,000 Ounces of Gold, Greenstone Mine Expecting Strong H2 2025June 11, 2025 5:07 PM EDT | Source: Equinox Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Equinox Gold Corp. (TSX: EQX) (NYSE American: EQX) ("Equinox Gold" or the "Company") is updating its 2025 production and cost guidance to reflect the business combin ...
Intuitive Machines Takes One Small Step For National Defense
Seeking Alpha· 2025-06-11 21:05
Intuitive Machines (NASDAQ: LUNR ) may be well-positioned for significant growth in the coming years as the organization splits its focus into Department of Defense contracts, potentially leading the way for contract awards as part of the Golden Dome. With LUNR exploring aMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O& ...
Bullish Two Hundred Day Moving Average Cross - SBUX
Forbes· 2025-06-11 21:00
In trading on Wednesday, shares of Starbucks crossed above their 200 day moving average of $95.69, changing hands as high as $95.91 per share. Starbucks shares are currently trading up about 4% on the day.10 Stocks Crossing Above Their 200 Day Moving Average »The chart below shows the one year performance of SBUX shares, versus its 200 day moving average:SBUXtickertechLooking at the chart above, SBUX's low point in its 52 week range is $71.55 per share, with $117.46 as the 52 week high point — that compares ...
Renée James will join Portland General Electric board of directors, effective June 11, 2025
Prnewswire· 2025-06-11 21:00
Core Insights - Renée James has been appointed to the board of directors of Portland General Electric (PGE), effective June 11, 2025, bringing valuable experience from the technology sector, particularly in high-tech and semiconductor manufacturing [1][2] - James is the founder, Chair, and CEO of Ampere Computing and has held various leadership roles at Intel Corporation, including President and Executive Vice President [1][2] - PGE is committed to reducing emissions from its retail power supply by 80% by 2030 and 100% by 2040, and it has the No. 1 voluntary renewable energy program in the U.S. [3][4] Company Overview - Portland General Electric (NYSE: POR) serves nearly 950,000 customers in an area of 1.9 million Oregonians, providing safe, affordable, reliable, and increasingly clean electricity since 1889 [3][4] - PGE was ranked the No. 1 utility in the 2024 Forrester U.S. Customer Experience Index, highlighting its commitment to customer satisfaction [3][4] - In 2024, PGE employees, retirees, and the PGE Foundation donated $5.5 million and volunteered nearly 23,000 hours to over 480 nonprofit organizations [3][4]
Barrack, Rodos & Bacine Reminds Shareholders that They Have Less than One Month to Seek Appointment As Lead Plaintiff in the Securities Class Action Lawsuit Against Compass Group Diversified Holdings LLC (CODI)
GlobeNewswire News Room· 2025-06-11 21:00
PHILADELPHIA, June 11, 2025 (GLOBE NEWSWIRE) -- The law firm of Barrack, Rodos & Bacine reminds investors who purchased stock in Compass Group Diversified Holdings, LLC (NYSE: CODI) between May 1, 2024, and May 7, 2025 have less than one month to seek appointment as lead plaintiff in a pending action against Compass. Compass is an investment holding company and one of its subsidiary businesses is Lugano Holdings, Inc., a jewelry company. WHAT’S THIS ABOUT?On March 7, 2025, Compass announced that an ongoing ...
New Gold Announces Redemption of Remaining Outstanding 7.50% Senior Notes
Prnewswire· 2025-06-11 21:00
(All amounts are in U.S. dollars unless otherwise indicated)TORONTO, June 11, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) announces that, pursuant to the terms of the indenture governing its 7.50% Senior Notes due 2027 (the "2027 Notes"), it has issued a notice of redemption to redeem the remaining $111 million aggregate principal amount of outstanding 2027 Notes on July 15, 2025. The redemption of the 2027 Notes will be funded with the remaining proceeds ...
Bonterra Resources Announces Election Results of its 2025 Annual General Meeting
Newsfile· 2025-06-11 21:00
Core Points - Bonterra Resources Inc. announced the results of its 2025 Annual General Meeting (AGM) held on June 11, 2025, which represents its fiscal year ended 2024 [1][2]. Group 1: Election Results - Shareholders approved all matters voted on at the 2025 AGM, including setting the number of directors at seven and re-electing the current directors [2][3]. - The directors re-elected include Cesar Gonzalez, Marc-André Pelletier, Normand Champigny, Paul Jacobi, Matt Houk, Lesley Antoun, and Peter O'Malley [2]. - Crowe MacKay LLP was appointed as auditors for the upcoming year, with directors authorized to fix their remuneration [2]. Group 2: Voting Details - A total of 77,193,201 common shares were voted at the meeting, representing approximately 46% of the common shares issued and outstanding as of the record date [3]. - Detailed voting results indicate significant support for the election of directors and the appointment of auditors, with the majority of votes cast in favor [4]. Group 3: Company Overview - Bonterra Resources is a Canadian gold exploration company with advanced exploration assets, including the Gladiator, Barry, Moroy, and Bachelor gold deposits, totaling 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category [5]. - The company entered into a joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties, which include the Gladiator and Barry deposits [6]. - Gold Fields Ltd acquired Osisko Mining for C$2.16 billion in October 2024 and is now the counterparty to the joint venture agreement, aiming to earn a 70% interest by incurring C$30 million in work expenditures until November 2026 [7].