Tag: soars

Frasers Group adjusted profit soars in “breakout year”

Frasers Group was in the news again on Thursday not because of which company it might or might not be buying (as is usually the case), but for the more mundane issue of its financial results. Sports Direct Not that the results themselves were boring. The company reported numbers for the 52 weeks to the [...]read moreFrasers Group adjusted profit soars in “breakout year”

As ‘Chronic Absenteeism’ Soars in Schools, Most Parents Aren’t Sure What It Is

Experts say outreach and identifying the reasons keeping students out of the classroom is the best chance districts have of getting their students back. Transcript: A MARTÍNEZ, HOST: One of the major issues this year in education has been the alarming number of students who have missed 15 days or more of school. Some states [...]read moreAs ‘Chronic Absenteeism’ Soars in Schools, Most Parents Aren’t Sure What It Is

Abercrombie soars as return of ‘90s fashion boosts outlook

By Bloomberg Published May 29, 2024 Abercrombie & Fitch Co. shares jumped after the retailer blew past first-quarter sales estimates, extending its bounce back from the teen fashion graveyard. The stock climbed 24% on Wednesday for its biggest gain since May 2023. Abercrombie shares were already trading at an all-time high and have now more [...]read moreAbercrombie soars as return of ‘90s fashion boosts outlook

Danti’s natural language search engine for Earth data soars with $5M in new funding

Danti, an artificial intelligence company building a superpower search engine for Earth data, has brought on prominent defensive tech investor Shield Capital as it looks to scale its technology for government customers. Founded by Jesse Kallman in early 2023, Danti has developed a natural language search engine for data that has historically been highly siloed, [...]read moreDanti’s natural language search engine for Earth data soars with $5M in new funding

Samsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips

Samsung Electronics said on Tuesday that its operating profit surged more than 930% in the first quarter of 2024, driven by soaring demand for its servers, memory chips and storage used in AI applications. The company, which struggled in 2023 as the macroeconomic slowdown hurt demand for its products, said its memory chip business returned to [...]read moreSamsung’s operating profit soars 930% as AI tailwinds drive demand for memory chips

Coastal Cities Lead As Single-Family Rent Growth Soars To 10-Month High

Rental price growth for single-family apartments surged 3.4 percent in February, with Boston, Seattle and New York City rising fastest among U.S. cities, according to CoreLogic data released Tuesday. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities [...]read moreCoastal Cities Lead As Single-Family Rent Growth Soars To 10-Month High

Donald Trump’s social media company soars in Wall Street debut | Social Media News

Trump Media & Technology Group closes 16 percent higher, giving the company a market capitalisation of nearly $8bn. Shares of former Donald Trump’s social media company soared by as much as 59 percent on the first day of trading on Wall Street, boosting the former United States president’s expected windfall as he faces a growing [...]read moreDonald Trump’s social media company soars in Wall Street debut | Social Media News

Social media company Reddit soars to $9bn valuation in Wall Street debut | Social Media

San Francisco-based social media platform’s shares close at $50.44 in long-awaited initial public offering. Shares of Reddit soared nearly 50 percent as the social media platform made its long-awaited stock market debut. Investors pushed Reddit’s value close to $9bn after it began trading on the New York Stock Exchange on Thursday, with the company’s share [...]read moreSocial media company Reddit soars to $9bn valuation in Wall Street debut | Social Media

Eyewear producer De Rigo’s revenue soars beyond €500 million

Translated by Nicola Mira Published Feb 7, 2024 Italian eyewear producer De Rigo, founded in 1978 in Pozzale di Cadore and now based in Longarone, in the Veneto region, enjoyed a successful fiscal 2023. De Rigo recorded a consolidated revenue of €506 million, growing by €53.3 million over the €452.7 million generated in 2022, an 11.8% increase. [...]read moreEyewear producer De Rigo’s revenue soars beyond €500 million