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Why 10-year Treasury yield may hit 6% in next year or two on ‘problematic’ inflation
Yahoo Finance· 2025-10-24 20:07
Wall Street investors cheered Friday’s September consumer-price data, but may not be out of the woods on inflation after this year. - MarketWatch photo illustration/iStockphoto U.S. stocks jumped to all-time highs on Friday after September’s consumer-price index came in below expectations, helping to support the case for Federal Reserve interest-rate cuts next week and in December. Yet there are reasons to be cautious about where inflation may be headed beyond the next handful of months. Most Read from ...
Kestrel Gold Inc. Announces the Resignation of a Board of Director Member
Newsfile· 2025-10-24 20:07
Kestrel Gold Inc. Announces the Resignation of a Board of Director MemberOctober 24, 2025 4:07 PM EDT | Source: Kestrel Gold Inc.Calgary, Alberta--(Newsfile Corp. - October 24, 2025) - Kestrel Gold Inc. (TSXV: KGC) (the "Corporation" or "Kestrel") announces that Greg Lynch has resigned as a Director of the Corporation.The Corporation would like to thank Greg Lynch for his contribution and service to the Corporation.About Kestrel Gold Inc.Kestrel Gold Inc. is an exploration company headquartere ...
Nu Holdings Turns Expanding Customer Base Into Profitable Growth
ZACKS· 2025-10-24 20:06
Key Takeaways Nu Holdings reached 123M customers in Q2 2025, covering 60% of Brazil's adult population.Q2 revenues rose 29% to $3.7B, while gross profit climbed 14% to $1.55B, led by credit products.Net income grew 31% to $637M as Mexico and Colombia added momentum to Nu's expansion.Nu Holdings’ (NU) accelerating customer count is the foundation of its continued success in Latin America. In the second quarter of 2025, the company reached an impressive 123 million customers across its footprint, with Brazil ...
Intel's Strong Q3 Earnings Fuel Turnaround Hopes: Time to Buy?
ZACKS· 2025-10-24 20:06
Core Insights - Intel Corporation has returned to profitability in the latest quarter, raising questions about the sustainability of this turnaround and the timing for potential investments in the stock [1] Financial Performance - Intel reported third-quarter revenues of $13.7 billion, reflecting a 3% year-over-year increase, driven by higher demand for Core x86 processors for PCs [2] - The products group division generated $12.7 billion in revenue, also a 3% increase from the previous year, with the Client Computing Group contributing $8.5 billion, up 5% [3] - Net income for the quarter was $4.1 billion, or 90 cents per share, reversing a net loss of $16.6 billion, or $3.88 per share, from the same quarter last year [4] Strategic Partnerships - Intel's Data Center and AI division generated $4.1 billion in revenue, a 1% decrease year over year, but a new partnership with NVIDIA is expected to enhance growth in this area [5] - The collaboration with NVIDIA aims to develop next-generation data center and PC products, integrating Intel's x86 ecosystem with NVIDIA's AI and accelerated computing platforms [6] - Intel's foundry business produced $4.2 billion in revenue, a 2% decline from the previous year, but a partnership with Microsoft is anticipated to boost this division through the development of advanced AI chips [7][8] Investment Considerations - The strong third-quarter performance and strategic partnerships with NVIDIA and Microsoft provide compelling reasons for stakeholders to consider investing in Intel [9] - Despite the positive financial results, Intel's high valuation, trading at a price-to-earnings (P/E) ratio of 327.75 compared to the industry average of 45.70, raises concerns about long-term investment viability [10] - New investors are advised to wait for clearer signs of a genuine turnaround before making investment decisions regarding Intel stock [11]
Core Scientific Announces Fiscal Third Quarter 2025 Results
Businesswire· 2025-10-24 20:05
Core Insights - Core Scientific, Inc. reported financial results for the fiscal third quarter of 2025, highlighting a total revenue of $81.1 million, a decrease from $95.4 million in the same period of 2024 [6] - The company is in the process of a merger with CoreWeave, which is expected to be an all-stock transaction, subject to stockholder approval [3][14] Financial Performance - Total revenue for Q3 2025 was $81.1 million, down 15% from $95.4 million in Q3 2024 [6] - Digital asset self-mining revenue decreased to $57.4 million from $68.1 million, primarily due to a 55% decrease in bitcoin mined, despite an 88% increase in the average bitcoin price [6] - Digital asset hosted mining revenue fell to $8.7 million from $16.9 million, attributed to a strategic shift towards high-density colocation services [6] - High-Density Colocation revenue increased to $15.0 million from $10.3 million, reflecting the expansion of colocation operations [6] - Gross profit improved to $3.9 million from a gross loss of $0.2 million in the prior year [6] - Net loss for the quarter was $146.7 million, significantly reduced from $455.3 million in Q3 2024, mainly due to lower non-cash fair value adjustments [6] - Adjusted EBITDA was $(2.4) million, compared to $10.1 million in the prior year, influenced by increased cash operating expenses and decreased total revenue [6] Capital Expenditures and Liquidity - Capital expenditures totaled $244.5 million, with $196.4 million funded by CoreWeave under existing colocation service agreements [6] - The company reported liquidity of $694.8 million, consisting of $453.4 million in cash and cash equivalents and $241.4 million in bitcoin as of September 30, 2025 [6] Merger Details - The merger with CoreWeave involves an exchange ratio of 0.1235, where each share of Core Scientific's common stock will be converted into shares of CoreWeave Class A common stock [3] - The transaction requires approval from a majority of Core Scientific's stockholders at a special meeting scheduled for October 30, 2025 [3][14] Company Overview - Core Scientific is a leader in digital infrastructure for high-density colocation services and digital asset mining, operating dedicated facilities for these services [5] - The company is transitioning most of its facilities to support artificial intelligence-related workloads and next-generation colocation services [5]
Newmont Announces Commercial Production at Ahafo North in Ghana
Businesswire· 2025-10-24 20:05
Oct 24, 2025 4:05 PM Eastern Daylight Time Newmont Announces Commercial Production at Ahafo North in Ghana Share First gold pour at Ahafo North in Ghana - September 19, 2025 "Achieving commercial production at Ahafo North represents a significant milestone for Newmont and our partners in Ghana," said Tom Palmer, Newmont's Chief Executive Officer. "This new world-class operation demonstrates our commitment to operational excellence while creating enduring value for our investors, communities, host government ...
IDEX Metals Announces Closing of Non-Brokered Private Placement of Units
Thenewswire· 2025-10-24 20:05
Vancouver, B.C. – October 24, 2025 – TheNewswire - IDEX Metals Corp. ("IDEX" or the "Company") (TSXV: IDEX; OTCQB: IDXMF) is pleased to announce the closing of its non-brokered private placement offering (the “Offering”), as previously disclosed in the Company’s news releases dated October 15, 2025 and October 22, 2025. In connection with the Offering, the Company issued 8,867,099 units (the “Units”) at a price of $0.60 per Unit, generating aggregate gross proceeds of approximately $5,320,259.Clayton Fishe ...
Middlesex Water Company Increases Common Dividend by 5.88%
Globenewswire· 2025-10-24 20:05
53-Years of Consecutive Dividend IncreasesISELIN, N.J., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Middlesex Water Company (NASDAQ: MSEX) announced today that its Board of Directors has declared a quarterly cash dividend of $0.36 per share on its common stock, a 5.88% increase from the $0.34 per share dividend last declared in July 2025. This increase raises the annual dividend rate to $1.44 from $1.36 per share of common stock and marks Middlesex Water Company’s (“Middlesex”) 53rd consecutive year of dividend incre ...
Super League Announces Follow On Close of Private Placement Offering, Securing Total of $17.9 Million
Globenewswire· 2025-10-24 20:05
~ With Substantial Cash on Balance Sheet, Company Set to Reignite Growth and Drive Shareholder Value on Path to Profitability ~ SANTA MONICA, Calif., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE) (the “Company”), a leader in playable media trusted by global brands to reach and activate gaming audiences through playable ads and gamified content, today announced the closing of the second and final tranche of its previously announced private placement financing. With an additional $2.65 million, ...
Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date October 15, 2025
Globenewswire· 2025-10-24 20:05
NEW YORK, Oct. 24, 2025 (GLOBE NEWSWIRE) -- At the end of the settlement date of October 15, 2025, short interest in 3,382 Nasdaq Global MarketSM securities totaled 13,834,913,159 shares compared with 14,078,324,727 shares in 3,366 Global Market issues reported for the prior settlement date of September 30, 2025. The mid-October short interest represents 2.09 days compared with 2.16 days for the prior reporting period. Short interest in 1,682 securities on The Nasdaq Capital MarketSM totaled 3,074,376,707 s ...