Thoma Bravo co-founder Orlando Bravo on Wednesday said software stocks are “oversold” and the sector is being pulled down by a lack of profits. “Most of these 300 publicly traded software companies, they don’t have enough profits,” he told CNBC’s “Money Movers.” “They trade as a multiple of revenue, and that’s very, very dangerous.” Thoma…
Bart Layton’s “Crime 101” is a “Heat” pastiche that, even if it falls well shy of its Michael Mann blueprint, has some basic appeal going for it. Los Angeles crime movies are fun. Chris Hemsworth looks good in a suit. And we’re all suckers for savvy criminals with good escape routes. Just as Robert De…
You know all about the Power 6 conferences in college basketball. You hear about those more than any other, and those groups often dominate the March Madness conversation. There are 31 other conferences out there, however, and our goal is to get you up to speed on the teams, players and fights in the standings…
Goldman Sachs has initiated research coverage of the miner Energy Fuels with a buy rating, citing the company’s exposure to two big themes in the energy industry — uranium and rare earths. Goldman set a price target of $30 per share for Energy Fuels, implying nearly 40% upside from Tuesday’s close. Energy Fuels, headquartered in…
Key Points Delinquencies in commercial mortgage-backed securities rose again in January, up 17 basis points from December to 7.47%, according to Trepp. The increase was driven by the beleaguered office sector, which has a lot of distressed properties to work through but is seeing improvements in fundamentals. The rate increase was driven by two exceptionally…
Hedge fund manager David Einhorn said he bought Peloton Interactive after its latest dip, along with some other bets. The Greenlight Capital founder said investors have overreacted to Peloton’s latest earnings results, after the connected fitness company’s worse-than-expected holiday quarter caused the connected fitness stock to plunge 26% on Thursday. The poor results added to…
These are the stocks posting the largest moves in midday trading. <
When Steve Beard took on the role of CEO at higher education firm Adtalem Global Education in 2021, the company was undergoing a significant strategic shift. It had identified gaps in the health-care workforce pipeline, which were expected to grow. That led Adtalem to exit its other education business units and focus solely on health-care education. …
In this photo illustration, the Threads logo is displayed on a cell phone in Rio de Janeiro, Brazil, on September 4, 2024. Mauro Pimentel | AFP | Getty Images Meta on Wednesday debuted an AI feature called “Dear Algo” that lets Threads users personalize their content-recommendation algorithms. Threads users will be able to tell the…
LONDON — Those winning a prize at the upcoming British Academy Film Awards will bag a coveted bronze mask trophy — and get a bit of an arm workout taking it home. Along with the honor of being named the best of the year in the industry, winners at the BAFTA ceremony on Feb. 22…
