Financial & Business News
LATEST INVESTING HEADLINES
The First Bancorp, Inc.'s main earnings catalyst is the upcoming downward re-pricing of certificates of deposit. Due to the trade war, I'm reducing my loan growth, and consequently, my earnings estimate for 2025. I'm now expecting an EPS of $2.57 for this year.
MidCap Financial's Q1 results were weak but in line with peers, reflecting lower investment income and asset yields as SOFR rates declined. Management is actively repositioning the portfolio, notably reinvesting Merx proceeds at higher yields and refinancing debt to lower costs, supporting future earnings growth. Despite a slight earnings miss, the dividend remains very safe, with strong cash reserves and upside potential from increased leverage and Merx reinvestment.
NEW YORK, NY / ACCESS Newswire / May 20, 2025 / If you suffered a loss on your Napco Security Technologies, Inc. (NASDAQ:NSSC) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/napco-security-technologies-inc-lawsuit-submission-form-2?prid=149477&wire=1&utm_campaign=31 or contact Joseph E. Levi, Esq.
Crude oil prices rose Tuesday night, following a report that Israel is gearing up for a possible strike against Iran's nuclear facilities.
LexinFintech Holdings: Margin Expansion Unlocked, Initiate Strong Buy
The server maker's CEO said it will consider expanding production in states such as Mississippi and Texas.
Shares of Mayne Pharma plunged 30% on Wednesday after U.S.-based Cosette Pharmaceuticals initiated a review of its A$672 million ($432.1 million) acquisition, citing a "material adverse change" in the Australian firm's business and finances.
NEW YORK, NY / ACCESS Newswire / May 20, 2025 / If you suffered a loss on your Ibotta, Inc. (NYSE:IBTA) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/ibotta-lawsuit-submission-form?prid=149476&wire=1&utm_campaign=10 or contact Joseph E. Levi, Esq.
ON24 continues to lose customers, ARR, and revenue, with little evidence of AI-driven innovation or turnaround despite management's claims. ONTF faces intense competition from stronger players like Zoom and struggles to retain recurring revenue, with only half of ARR on multi-year contracts. Profitability is worsening, with negative adjusted EBITDA and ongoing cash burn, making ON24's low valuation a reflection of market distrust.
Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - May 20, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") is pleased to announce that it has closed the third and final tranche (the "Third Tranche") of its previously announced C$143M/A$162M private placement (the "Placement"). Pursuant to the closing of the Third Tranche, the Company issued 5,431,638 common shares (the "Shares" and each common share in the authorized structure of the Company, a "Common Share") of which 5,005,000 are converted to Chess Depositary Interests ("CDIs") each at a price of C$4.50 (A$5.10) for aggregate gross proceeds of C$24,442,371 to the Company.