Author: admin
Hinge Health co-founders, Gabriel Mecklenburg and Daniel Perez celebrate its initial public offering at the New York Stock Exchange on May 22, 2025.NYSEShares of Hinge Health popped 6% in extended trading on Tuesday after the digital physical therapy company reported quarterly results for the first time since its debut on the New York Stock Exchange in May.Here’s how the company did based on average analysts’ estimates compiled by LSEG:Loss: Loss per share of $13.10. That may not compare with the 9 cents per share earnings expectedRevenue: $139 million vs. $125 million expectedRevenue at Hinge increased 55% in the second quarter from $89.8…
Lisa Su, CEO of Advanced Micro Devices, and Sam Altman, CEO of OpenAI, testifiy during the Senate Commerce, Science and Transportation Committee hearing titled “Winning the AI Race: Strengthening U.S. Capabilities in Computing and Innovation,” in Hart building on Thursday, May 8, 2025.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesAdvanced Micro Devices reported quarterly earnings on Tuesday that missed estimates. The stock slid about 5% in extended trading.Here’s how the chipmaker did versus LSEG expectations for the quarter that ended in June:Earnings per share: 48 cents adjusted vs. 49 cents expectedRevenue: $7.69 billion vs. $7.42 billion expectedFor the current…
Snap shares tanked more than 15% Tuesday when it reported second-quarter earnings in which global average revenue per user missed expectations.Here is how the company did compared with Wall Street’s expectations:Earnings per share: Loss of 16 cents. That figure is not comparable to analysts’ estimates.Revenue: $1.34 billion vs. $1.35 billion expected, according to LSEG Global daily active users: 469 million vs. 467 million expected, according to StreetAccountGlobal average revenue per user (ARPU): $2.87 vs. $2.90 expected, according to StreetAccountARPU is an indication of how much advertising revenue the company generates from each user. The weaker-than-expected result is particularly noticeable because some of Snap’s…
A Lucid Air electric vehicle at the company’s showroom in Tysons, Virginia, on Feb. 17, 2024.Samuel Corum | Bloomberg | Getty ImagesLucid Group on Tuesday softened its production outlook for the rest of the year as it reported second-quarter earnings that missed Wall Street expectations.The electric vehicle maker now anticipates producing between 18,000 and 20,000 vehicles for the year after previously projecting a goal of 20,000.Interim CEO Marc Winterhoff told CNBC on Tuesday that the company is still aiming for the high end of that range.”I have never seen so many surprises within a year as this year,” he said.…
KUWAIT: The Ministry of Interior announced Tuesday it had foiled an attempt to smuggle a quantity of imported liquor into the country and arrested two Asian nationals involved in the case. The operation was carried out in coordination with the General Administration of Customs as part of ongoing efforts to combat the smuggling of prohibited substances.In a press statement, the ministry said the incident began when customs officers at Shuaiba Port became suspicious of a container arriving from a Gulf country. Although the container was declared as empty, a meticulous inspection uncovered hidden compartments in the floor containing professionally packaged…
LARGO, Fla. (AP) — Dozens of people gathered Tuesday evening at a funeral service for famed wrestler Hulk Hogan, who died last month at 71.The private service was held at the same church where Hogan, whose real name was Terry Bollea, was baptized in 2023. He died after suffering a heart attack July 24 at his home in Clearwater, according to the Pinellas County medical examiner.Hogan previously had leukemia and atrial fibrillation, an irregular heart rhythm, the examiner’s report said. His death was declared to be natural.The service was heavily patrolled by church security and Largo police officers, including K-9…
KUWAIT: The new board of directors of Kuwait Investment Authority (KIA) held its first meeting on Tuesday and unanimously elected new member Sheikh Saud Salem Al-Sabah as the new managing director for the country’s agency that runs hundreds of billions of surpluses. Sheikh Saud was among five new members appointed to the board of directors by an Amiri decree on Monday.The meeting was chaired by KIA chairman, Minister of Electricity and Water and acting minister of finance Sabeeh Al-Mukhaizeem. Mukhaizeem said in a statement that the KIA board of directors will continue its policy to develop the Authority, strengthen governance…
PORTLAND, Ore. (AP) — A man accused of killing three women in the Portland area and dumping their bodies has been indicted on a fourth murder charge, authorities said Tuesday.A grand jury has indicted Jesse Lee Calhoun in the November 2022 death of 22-year-old Kristin Smith, Multnomah County District Attorney Nathan Vasquez said during a news conference. The new indictment, which comes roughly 2 1/2 years after Smith’s remains were found, adds one count each of second-degree murder and abuse of a corpse to Calhoun’s case.Calhoun was indicted last year in the deaths of Charity Perry, 24; Bridget Webster, 31;…
HIROSHIMA, Japan (AP) — Hiroshima on Wednesday marked the 80th anniversary of the U.S. atomic bombing of the western Japanese city, with many aging survivors expressing frustration about the growing support of global leaders for nuclear weapons as a deterrence.With the number of survivors rapidly declining and their average age now exceeding 86, the anniversary is considered the last milestone event for many of them.“There will be nobody left to pass on this sad and painful experience in 10 years or 20 years,” Minoru Suzuto, a 94-year-old survivor, said after he kneeled down to pray at the cenotaph. “That’s why…
KUWAIT: National Bank of Kuwait celebrated the graduation of NBK Tech Academy Wave 2, which is the first of its kind in Kuwait that aims to upskill and qualify national young talents in the banking sector by equipping them with the necessary skills in digital technology and data analysis. The graduation ceremony was attended by Shaikha Al-Bahar, Deputy Group CEO at NBK, Mohammed Al-Othman, CEO of the Consumer and Digital Banking Group at NBK, Emad Al-Ablani, Group Chief Human Resources Officer at NBK, and Mark Diamond, Chief Technology and Transformation Officer at NBK.The intensive training program of the academy extended…