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Todd McKinnon, chief executive officer of Okta Inc., speaks to Bloomberg TV in London, England, on Friday, April 11, 2025. Chris J. Ratcliffe | Bloomberg | Getty ImagesOcta It beat Wall Street’s fourth-quarter forecasts after the bell on Wednesday, as the identity management provider capitalized on demand to secure artificial intelligence agents. The stock price rose 3%.Here’s how the company performed against LSEG’s estimates:Earnings per share: 90 cents adjusted, 85 cents expected; Revenue: $761 million, $749 million expected.Revenue for the period increased 11% year over year. The company reported net income of $63 million, or 35 cents per share, compared…
Bob Michel, chief investment officer and head of global fixed income at JPMorgan Asset Management, says there’s no reason to be upset about the surge in corporate bond issuance by hyperscalers. While the market’s focus this week has largely been on the US-Iran conflict, the power of artificial intelligence to disrupt certain businesses remains a concern for stock investors. While the potential for disruption is not a major concern in bond markets, credit investors are concerned about increased issuance by big tech companies competing to invest in AI, according to a recent Bank of America study. Credit investors say for…
Smoke rises above the skyline in Tehran, Iran, March 3, 2026. Majid Saidi | Getty ImagesSince the United States and Israel launched a surprise attack on Iran last weekend, Washington has emphasized that the military action would last only a few weeks and would not result in a so-called “forever war.” But experts say the US could easily stall Operation Epic Fury and prolong the conflict if the Iranian regime proves more resilient than expected.”What we’re seeing is going to be more complex than the White House expected,” Suzanne Maloney, deputy director and director of foreign policy at the Brookings…
WASHINGTON, D.C. – The U.S. Senate has failed to pass a resolution calling for restraining President Donald Trump’s war against Iran.The latest war powers resolution failed 47-52 in a procedural vote, another major setback for supporters of Trump seeking to curb his military pursuits overseas and underscoring the Republican Party’s support for the president’s campaign.Recommended stories list of 3 itemsend of listAnother resolution is scheduled to be voted on in the U.S. House of Representatives on Thursday, but it also faces bleak prospects.Throughout the day, senators debated the pros and cons of President Trump’s assertion of Congress’s authority to approve…
Oleksandr Usyk will defend his WBC title against Rico Verhoeven, but the unified champion’s IBF and WBA belts could be in jeopardy.The Ukrainian star announced he will face kickboxer Rico Verhoeven at the Pyramids of Giza, and the WBC has confirmed Usyk will make a voluntary defense of his heavyweight belt on May 23. Usyk also holds the IBF and WBA belts, but it remains unclear whether the two organizations will agree to put the belts on the line against Verhoeven. spotify This content is provided by spotifycookies and other technologies may be used. To view this content, you must…
Anthropic co-founder and CEO Dario Amodei isn’t happy with OpenAI head Sam Altman (perhaps predictably). In a memo to staff reported by The Information, Amodei called OpenAI’s deal with the Department of Defense “safety theater.” “The main reason[OpenAI]accepted[the Department of Defense agreement]and we didn’t is because they cared about appeasing their employees, and we actually cared about preventing abuse,” Amodei wrote. Last week, Anthropic and the US Department of Defense (DoD) failed to reach an agreement over the military’s request for unrestricted access to the AI company’s technology. Anthropic already has a $200 million contract with the military, but the…
Let’s check out the companies that are becoming a hot topic for after-hours trading. Okta — Okta beat Wall Street’s fourth-quarter expectations, pushing the identity security provider’s stock up about 2%. According to LSEG, Okta reported adjusted earnings of 90 cents per share on revenue of $761 million, beating analysts’ estimates for the same period of 85 cents per share and revenue of $749 million. Broadcom — The leading chipmaker’s stock fluctuated between gains and losses in the extended session. Broadcom reported strong results in its fiscal first quarter, with revenue up 29% year-over-year. The company’s adjusted earnings per share…
broadcom The chipmaker continues to benefit from the artificial intelligence boom, reporting better-than-expected revenue and revenue and issuing a strong outlook for the current fiscal year. Shares rose 5% in extended trading Wednesday.”We expect AI revenue from chips alone to exceed $100 billion in 2027,” Broadcom CEO Hock Tan said on a conference call with analysts. “We have also secured the necessary supply chain to achieve this.”Here is the company’s performance compared to the LSEG consensus:Earnings per share: $2.05 adjusted vs. $2.03 estimated Revenue: $19.31 billion vs. $19.18 billion estimatedSales for the first quarter of the fiscal year ended February…
Supercell thunderstorms are dangerous, severe storms that can produce destructive hail, thunderstorms, and powerful tornadoes. They are responsible for nearly all of the most violent tornadoes and largest hailstorms in the United States. This is what makes them so powerful. Thunderstorms require moisture, energy (meteorologists call this instability), and some kind of lift to form. Typically, lift is created by cold and warm air masses colliding along a line called a front. When thunderstorms occur, they come in two main forms: single-cell and multi-cell. Unicellular thunderstorms occur alone and exist on their own. Consider brief afternoon thunderstorms in the spring…
The summit clash between Manchester City and Arsenal and the Merseyside derby will be broadcast live on Sky Sports in April.A big match between Premier League leaders Arsenal and second-placed Manchester City will take place from 4.30pm on Sunday April 19th as part of Sky Sports’ 14-games-of-the-month series, with the title potentially decided at the Etihad Stadium. Earlier in the day, from 2pm, Liverpool faced Everton in a Merseyside derby, with both teams having European ambitions. Manchester City will also have a tough test against another London club in their preparations, with their match against Chelsea on Sunday April 12th…