MELVILLE, N.Y., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), today announced the rescheduling of its 2025 third quarter business update conference call. The call will be held on Wednesday, November 19, 2025, at 10:00 a.m. Eastern Time. The conference call will be available via telephone by dialing toll-free 877-407-9219 for U.S. callers or for international callers +1-412-652-1274. A webcast of the call may be accessed at DTST Business Update Call or o ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Papa Johns appointed its CFO and Executive Vice President, International Ravi Thanawala to the dual role of finance chief and president, North America, the pizza chain announced Tuesday in a press release and securities filing. Effective Tuesday, Thanawala will lead the Louisville, Kentucky-based company’s North American business as part of the president rol ...

Core Insights - Petrobras is evaluating a reduction in capital expenditures (capex) for the 2026-2030 period to $106 billion, reflecting a cautious outlook amid volatile oil prices [1][2] - The proposed capex represents a 4.5% decrease from the previous allocation of $111 billion for 2025-2029, indicating a shift in financial strategy due to expectations of continued weakness in crude oil prices [2][3] - The company is recalibrating its oil price assumptions, considering a range of $60-$65 per barrel for the upcoming period, down from an initial assumption of $83 per barrel [3] Capital Spending Strategy - Petrobras' capital spending decisions are influenced by Brazil's political landscape, especially with upcoming presidential elections, which may increase pressure to enhance investments in infrastructure projects [4][5] - The company remains committed to focusing on the strategic development of exploration and production assets, particularly in the pre-salt fields off Brazil's coast [6][10] - Most of the proposed capex, approximately $91 billion, is earmarked for already approved projects, with $15 billion allocated for early-stage assets and exploration [12] Financial Management and Dividends - The reduction in capex may impact Petrobras' ability to pay dividends, but the company aims to balance financial health with shareholder expectations [7][8] - Petrobras has stated it will not raise its debt ceiling, currently set at $75 billion, reflecting a commitment to maintaining a stable financial structure while investing in critical energy infrastructure [13][14] - The cautious approach to capex and dividend policy positions Petrobras as a more resilient entity amid market volatility [8][14] Future Outlook - As Petrobras moves forward with its revised capital expenditure plans, it must remain agile in response to changing market dynamics, political pressures, and shareholder demands [15][16] - The company's strategic decisions will significantly impact both the Brazilian economy and global energy markets in the coming years [17]

[Music] So I want to share with you some of the things that I did that moved our business to where it is today. And one of which I want to start with is giving back to your business all I mean 100% of what the same business has given to you. It's a very hard task but a sacrifice that you must be willing to make.How do I mean. Sometime in 2012 I went to China my first trip for importation to get some goods down to this country Nigeria and that the limited fund that I had could not afford me up to 25% of a 20 ...

Core Viewpoint - The 0.01% rule suggests that purchases costing less than 0.01% of one's total net worth can be made without guilt, but experts warn it may undermine long-term financial goals [1][3][7] Group 1: Spending Rule Analysis - The 0.01% rule allows individuals with a net worth of $500,000 to make purchases under $50 without hesitation [1] - Erica Grundza, a certified financial planner, argues that this rule encourages casual spending over disciplined budgeting, which is essential for long-term financial health [3][4] - The rule is seen as a justification for impulsive spending, potentially eroding the financial discipline necessary for success [6][7] Group 2: Long-Term Financial Goals - Consistent and intentional saving is crucial for achieving key financial goals such as down payments, education funding, and retirement preparation [5] - Small, frequent purchases can accumulate and significantly delay or derail major financial objectives [5] - Oversimplified financial rules like the 0.01% rule can have harmful long-term consequences if individuals are not aware of their current financial situation [7]

Core Insights - The article highlights the importance of early savings and financial discipline, showcasing a Redditor who built a multi-million-dollar net worth despite a modest income [2][4][5] Financial Discipline and Wealth Accumulation - The Redditor has maintained an income between $60,000 and $80,000 for 18 years, which is below the average in their area, yet they have achieved a net worth of $2.4 million [3][4] - Key components of their wealth include $880,000 in ETFs, $470,000 in a Roth IRA, $540,000 in a Traditional IRA, $120,000 in cash, and $450,000 in home equity [4] Lifestyle Choices and Savings - The individual lives below their means, with minimal expenses due to a lack of dependents and expensive hobbies, allowing them to save $35,000 on a $60,000 income in one year [6] - Their financial habits were influenced by a frugal upbringing, which instilled the discipline necessary for long-term savings [8] Work-Life Balance - The Redditor enjoys a relaxed work environment aligned with a BaristaFIRE lifestyle, avoiding the pressures associated with higher-paying jobs while still saving for retirement [7]

Core Insights - The emphasis on sweat equity and bootstrapping over seeking external investors is highlighted as a key strategy for entrepreneurs [1][2][6] - Mark Cuban advises focusing on organic growth and customer acquisition, which allows entrepreneurs to retain ownership and potentially increase wealth in the long run [2][6] - The warning against the temptation of external funding underscores the risks of losing ownership and the obligations that come with raising capital [3][5][6] Group 1: Entrepreneurial Strategies - Cuban's personal experience as a billionaire emphasizes the importance of starting with bootstrapping [2] - Entrepreneurs are encouraged to prioritize cash flow over sales and maintain low costs to ensure financial discipline [5][6] - Nontraditional funding avenues such as crowdfunding and grants are suggested as alternatives when raising funds becomes necessary [4] Group 2: Market Context - The current trend shows many entrepreneurs relying heavily on external funding, which Cuban cautions against [5][6] - The advice provided by Cuban could reshape how entrepreneurs approach business growth and funding strategies in the future [6]

Spending like you're successfulis the fastest way to never be. ...

Core Viewpoint - EastGroup Properties reported strong Q2 2025 results, exceeding revenue and FFO estimates, but showed early signs of caution in certain markets despite continued demand for logistics assets [1][5][9]. Financial Performance - GAAP revenue for Q2 2025 was $177.3 million, surpassing estimates of $175.19 million, and up 11.4% from $159.1 million in Q2 2024 [2]. - Non-GAAP FFO per share reached $2.21, exceeding analyst expectations and reflecting a 7.8% increase from $2.05 in the same quarter last year [2][5]. - Same property net operating income increased by 6.4% on a cash basis, reaching $113.2 million [2][5]. Portfolio and Occupancy - The operating portfolio average occupancy was 95.9%, down 1.1 percentage points from the previous year [2][6]. - The portfolio remained 97.1% leased and 96.0% physically occupied as of June 30, 2025, indicating strong demand despite slight occupancy decline [6]. Development and Strategic Focus - The company has a measured approach to development, with only two new projects totaling 469,000 square feet started in Q2 2025, while four projects totaling 785,000 square feet transitioned to operations [7]. - A significant development pipeline exists, with 18 projects underway across 13 markets, although management has adopted a cautious stance due to economic uncertainties [7][14]. Financial Discipline - EastGroup maintained conservative leverage ratios, with a debt-to-total market capitalization of 14.2% and a fixed charge coverage ratio of 16.1 times [8]. - Recent equity raises of $74.1 million in Q2 2025 and $117.1 million post-quarter end enhanced liquidity [8]. Dividend Consistency - The company declared its 182nd consecutive quarterly dividend of $1.40 per share, translating to a $5.60 annualized rate and a 3.3% yield [10]. Market Context and Risks - The company emphasized tenant diversification, with no single tenant accounting for more than 1.6% of annualized base rent [4]. - Market-specific challenges were noted, particularly in Los Angeles, where rent growth and absorption lagged behind other regions [9][13]. Future Guidance - For FY2025, management maintained GAAP EPS guidance of $4.76 to $4.90 and adjusted FFO per share guidance to $8.89 to $9.03 [15]. - The outlook for same property net operating income growth was revised upward to 6.0%–7.0% for FY2025, with average operating portfolio occupancy expected to be in the 95.6%–96.4% range [15].

Group 1: Company Overview - Occidental Petroleum (OXY) maintains a strong position in U.S. shale production, particularly in the Permian Basin, leveraging advanced drilling technologies and scale advantages for cost efficiency and high margins [1] - The company's upstream operations generate substantial free cash flow even in moderate oil price environments, providing financial flexibility for shareholder returns and reinvestment in growth [1] Group 2: Debt Management - Debt reduction is critical for unlocking Occidental's full value potential, with net debt reduced from nearly $36 billion to $25 billion by the end of 2024, following robust free cash flow generation since 2020 [2][9] - Occidental lowered debt by $6.8 billion in the past 10 months, reducing annual interest expenses by $370 million and boosting net income [3] - The company has retired all 2025 debt maturities, enhancing its credit ratings and lowering the cost of capital, which provides more flexibility for accretive investments and shareholder returns [4] Group 3: Financial Performance - Despite having a return on equity (ROE) of 16.6%, which is lower than the industry average of 16.89%, Occidental's earnings have consistently beaten estimates, with an average surprise of 24.34% over the trailing four quarters [8][9][14] - Occidental's shares have gained 10.7% in the last two months, outperforming the Zacks Oil and Gas-Integrated-United States industry's rise of 9.2% [11]