Workflow
ADM to Pay $40 Million to Settle SEC Accounting Fraud Claims
PYMNTS.com· 2026-01-29 00:52
Core Viewpoint - Archer Daniels Midland (ADM) reached a $40 million settlement with the SEC to resolve allegations of defrauding investors by inflating profit margins in its nutrition segment [1][3]. Group 1: Settlement Details - The settlement concludes a regulatory investigation into ADM's accounting practices, which led to a significant decline in stock value and the departure of several top executives [3]. - ADM settled the case without admitting any wrongdoing [3]. Group 2: Allegations and Investigations - The SEC's case focused on actions taken between 2021 and 2022, where then-CFO Vikram Luthar allegedly directed accounting adjustments to inflate profits in the nutrition division [4]. - The SEC claims these adjustments were intended to misrepresent the success of the nutrition business, which ADM has heavily invested in through acquisitions [4]. Group 3: Individual Accountability - The SEC has filed a separate lawsuit against Luthar, alleging he directed the fraud and profited by selling over $1.8 million in ADM shares while the stock price was inflated [5]. - The SEC seeks to recover Luthar's gains, impose financial penalties, and bar him from serving as an officer or director of any public company [6]. Group 4: Company Response - ADM's CEO expressed satisfaction in moving past the investigation and reaffirmed the company's commitment to transparency and integrity [6]. - A separate criminal investigation by federal prosecutors has been closed without any charges being filed [6].
Liberty Oilfield Services (LBRT) Q4 Earnings and Revenues Beat Estimates
ZACKS· 2026-01-29 00:50
Core Viewpoint - Liberty Oilfield Services reported quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of a loss of $0.16 per share, and showing a year-over-year decrease from earnings of $0.1 per share [1] Financial Performance - The company achieved an earnings surprise of +130.77% compared to the expected loss of $0.01 per share from the previous quarter, where it actually reported a loss of $0.06, resulting in a surprise of -500% [2] - Revenues for the quarter ended December 2025 were $1.04 billion, surpassing the Zacks Consensus Estimate by 20.76%, compared to revenues of $943.57 million in the same quarter last year [3] Stock Performance - Liberty Oilfield Services shares have increased approximately 20.2% since the beginning of the year, while the S&P 500 has gained 1.9% [4] Future Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [5] - The current consensus EPS estimate for the upcoming quarter is -$0.19 on revenues of $875.72 million, and for the current fiscal year, it is -$0.54 on revenues of $3.68 billion [8] Industry Context - The Oil and Gas - Field Services industry, to which Liberty Oilfield Services belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9]
Meta Stock Just Proved The AI Bulls Right (NASDAQ:META)
Seeking Alpha· 2026-01-29 00:50
Core Viewpoint - The article emphasizes the importance of identifying strong businesses at reasonable prices for long-term investment, while also exploring trend-following strategies and opportunities in technology and crypto sectors [1]. Group 1 - The company has a long-term investment strategy focused on identifying great businesses [1]. - There is a slight bias towards technology companies, but the company maintains a broad investment perspective [1]. - The investment approach includes seeking value beyond the U.S. market [1].
Alphinat Announces a Net Profit of $89,282 for Quarter Ended November 30, 2025
Accessnewswire· 2026-01-29 00:50
MONTREAL, QC / ACCESS Newswire / January 28, 2026 / Alphinat Inc. (TSXV:NPA.H)(NEX:NPA) announces a net income of $89,282 for the first quarter 2026 ended November 30 th , 2025 compared to a net income of $105,204 for the same period ended November 30 th , 2026. During the quarter ended November 30 th , 2025, Alphinat continued to focus most of its sales efforts on the public sector and its partners. ...
K2 Capital Acquisition Corporation Announces Pricing of Upsized $120 Million Initial Public Offering
Globenewswire· 2026-01-29 00:50
NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- K2 Capital Acquisition Corporation (the "Company") today announced the pricing of its upsized initial public offering of 12,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one-fifth (1/5) of one Class A ordinary share at the closing of the Company’s initial business combination. The units are expected to trade on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "KTWOU" beginning on Janua ...
Tetra Tech (TTEK) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2026-01-29 00:47
Tetra Tech (TTEK) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +12.90%. A quarter ago, it was expected that this consulting and engineering services company would post earnings of $0.4 per share when it actually produced earnings of $0.45, delivering a surprise of +12.5%.Over the l ...
Asian Currencies Mostly Strengthen Amid Fed Rate-Cut Prospects
WSJ· 2026-01-29 00:45
Asian currencies mostly strengthened against the dollar in the morning session amid Fed rate-cut prospects. ...
Meta's Mark Zuckerberg gets green light from Wall Street to keep pouring money into AI
CNBC· 2026-01-29 00:43
Core Viewpoint - Meta Platforms Inc. is significantly increasing its investment in artificial intelligence (AI) for 2026, with Wall Street showing support for this strategy [1][3]. Financial Performance - In its fourth-quarter earnings report, Meta exceeded expectations on both revenue and earnings, reporting a 24% year-over-year revenue growth driven by online advertising [2][3]. - The company plans to allocate between $115 billion and $135 billion for AI-related capital expenditures in 2026, nearly double the amount spent in the previous year [2]. AI Investment Strategy - CEO Mark Zuckerberg emphasized the importance of investing in infrastructure to develop advanced AI models and deliver personal super intelligence globally [4]. - Meta's finance chief, Susan Li, noted that the company is "capacity constrained," indicating a need for more computing power to enhance its advertising business and support AI development [5]. Future AI Developments - Zuckerberg stated that 2026 will be pivotal for AI, with expectations for new product rollouts throughout the year [6][7]. - The company has made a significant investment of $14.3 billion in Scale AI, bringing in key talent to lead its AI initiatives [7]. AI Model Development - Zuckerberg mentioned that the first models developed are expected to demonstrate a rapid improvement trajectory, with ongoing releases planned throughout the year [8]. - He highlighted the necessity for Meta to develop its own AI foundation model to maintain control over its technological future and not rely on external developments [8]. Revenue Dependency - Despite the focus on AI, online advertising remains the primary revenue source for Meta, providing substantial cash flow that allows the company to pursue its AI ambitions [8].
Why Microsoft's stock is getting punished after earnings
MarketWatch· 2026-01-29 00:39
Core Insights - Investors are seeking a better balance between AI spending and AI revenue, particularly looking for stronger performance from Microsoft's cloud business in the latest quarter [1] Company Focus - The emphasis is on Microsoft's cloud business performance, indicating that investors are not satisfied with the current returns from AI investments [1]
Singapore's Central Bank Stays on Hold as It Raises Inflation Forecasts
WSJ· 2026-01-29 00:33
Core Viewpoint - Singapore's central bank has maintained its monetary policy settings, anticipating increased inflation and stronger economic growth in the near future [1] Monetary Policy - The central bank's decision to keep monetary policy steady indicates a cautious approach amid expectations of rising inflation [1] - The forecast suggests that the economy may experience relatively stronger growth, which could influence future monetary policy adjustments [1]