Articles by James Calloway
Brazilian Banks Gain as Central Bank Eases Liquidity Crunch from Deposit Insurance Prepayments
Brazil's central bank announced a measure allowing banks to offset mandatory prepayments to the deposit insurance fund against reserve requirements, potentially unlocking R$30 billion in liquidity by 2026. Shares of major Brazilian banks, including Banco Bradesco, rose following the news.
Ford Recalls Over 600,000 U.S. SUVs for Wiper Motor Defect Amid Sales Slump
Ford Motor Company is recalling over 600,000 vehicles in the U.S. due to a windshield wiper motor defect that could impair visibility. The news follows a reported 5.5% drop in the automaker's February U.S. sales.
Marvell Technology Set for Post-Earnings Volatility Amid AI Infrastructure Focus
Marvell Technology shares edged higher premarket ahead of its quarterly report, with options pricing an 11% move. The chipmaker is expected to post revenue of $2.21 billion and adjusted EPS of 79 cents.
Veeva Systems Beats Q4 Estimates, Unveils $2B Buyback and AI-Driven Growth Outlook
Veeva Systems exceeded analyst expectations for its fourth quarter, reporting revenue of $836 million and adjusted EPS of $2.06. The company also initiated a $2 billion stock buyback and forecast fiscal 2027 revenue approaching $3.6 billion.
Okta Projects Sluggish Revenue Growth Amid Enterprise Spending Caution
Okta's first-quarter revenue guidance of $749M-$753M missed Wall Street expectations, marking its weakest projected growth since going public. The identity management firm beat Q4 estimates but struck a cautious tone on enterprise spending.
Nexi Stock Plummets on Delayed Growth Outlook and Major Write-Down
Nexi shares plunged up to 20% to an all-time low after the payments group delayed its growth re-acceleration target to 2028 and recorded a €3.7 billion non-cash goodwill write-down for 2025.
Beazley Annual Profit Drops 19% Amid Zurich Acquisition Progress
Specialty insurer Beazley posted a 19% fall in annual pre-tax profit, pressured by softer insurance pricing and a contraction in its cyber segment. The results come as Zurich Insurance's agreed £8.1 billion acquisition moves forward.
National Grid Awards £3 Billion in Contracts for Major UK Power Link
National Grid has finalized contracts worth approximately £3 billion for its Eastern Green Link 3 project, with NKT securing a record €2.2+ billion cable order. The 680 km link aims to be operational by 2033.
Evolution Mining Declares 20-Cent Interim Dividend, Sets DRP Timeline
Evolution Mining will distribute a 20-cent interim dividend on April 2 to shareholders of record March 4. The Dividend Reinvestment Plan carries no discount, with pricing determined between March 5 and 11.
Pro Medicus Shares Surge 4.6% Amid Interim Revenue Growth
Pro Medicus shares gained 4.6% on Thursday, closing at A$121.49, despite remaining down 53% over the past year. Interim results showed strong revenue growth and a significant fair value gain from a 4D Medical investment.
Telstra Urges Government to Slash $7.3B Spectrum Fee, Warns of Price Hikes
Telstra is pressuring the Australian government to reduce a proposed $7.34 billion spectrum licence renewal fee, arguing it exceeds fair value by $4.1 billion and could lead to higher mobile prices or lower investment.
PLS Group's Gender Pay Gap Widens Amid Corporate Restructuring
PLS Group's median gender pay gap in Australia increased to 15.2% from 11.1% the previous year, which the company attributes to corporate layoffs and a processing plant being placed into care and maintenance.