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TikTok CEO expects to defeat US ban: 'We aren't going anywhere'

Alphabet Inc - Class C (Related symbols : GOOG, GOOGL, TCEHY)NASDAQ

foxbusiness.com / Wednesday, April 24, 2024 10:32 PM

"Rest assured - we aren't going anywhere," CEO Shou Zi Chew said in a video posted moments after Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok's U.S. assets or face a ban. "We don't want to see a ban," White House spokeswoman Karine Jean-Pierre said on Tuesday. "Make no mistake - this is a ban on TikTok," Chew said, emphasizing that TikTok would continue to operate as the company challenges the restrictions. A U.S. judge in Montana in November blocked a state ban on TikTok, citing free-speech grounds. If ByteDance failed to divest TikTok, app stores operated by Apple, Alphabet's Google and others could not legally offer TikTok or provide Web hosting services to ByteDance-controlled applications or TikTok's website.

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Walmart Investors Expect Stiffer Competition in Grocery Sector From Amazon

DoorDash Inc - Class A (Related symbols : DASH, KR)NYSE

pymnts.com / Wednesday, April 24, 2024 10:32 PM

Investors reportedly expect increased competition in the grocery sector after Amazon’s announcement Tuesday (April 23) of a new grocery delivery subscription benefit. “The reality is that all the leading players have been competing intensely for some time for a greater share of online grocery spend,” Lasser wrote in a Tuesday note, per the report. It encompasses orders from Amazon Fresh, Whole Foods Market, and a variety of other grocery stores and specialty retailers. “Our goal is to build a best-in-class grocery shopping experience — whether shopping in-store or online — where Amazon is the first choice for selection, value and convenience,” Tony Hoggett, senior vice president of worldwide grocery stores at Amazon, said in a press release announcing the program’s launch. In another recent development in this space, Grubhub said April 18 that it is expanding its grocery presence via a partnership with online marketplace Mercato.

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No, Netflix, I will not watch a Jennifer Lopez movie that pretends AI is our friend

Alphabet Inc - Class C (Related symbols : GOOG, GOOGL, NFLX)NASDAQ

bgr.com / Wednesday, April 24, 2024 10:32 PM

Well, I guess someone sold the Titanfall rights to Netflix, based on the official trailer for Jennifer Lopez’s newest movie for the streamer. For crying out loud, Lopez even plays a character called Atlas, just like that mech in the game franchise. But when plans go awry, her only hope of saving the future of humanity from AI is to trust it.”Tech. Entertainment. Email: SIGN UP By signing up, I agree to the Terms of Use and have reviewed the Privacy Notice.

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Earnings call: Blackstone Mortgage Trust posts Q1 GAAP net loss

Blackstone Inc (Related symbols : BX, BXMT, CT)NYSE

investing.com / Wednesday, April 24, 2024 10:32 PM

Key TakeawaysBlackstone (NYSE: ) Mortgage Trust reported a GAAP net loss of $0.71 per share in Q1 2024. Full transcript - Blackstone Mortgage (BXMT) Q1 2024:Operator: Good day and welcome to the Blackstone Mortgage Trust First Quarter 2024 Investor Call. Timothy Hayes: Good morning and welcome everyone to Blackstone Mortgage Trust's first quarter 2024 earnings conference call. For the first quarter, we reported a GAAP net loss of $0.71 per share, while distributable earnings and distributable earnings prior to charge-offs were $0.33 and $0.55 per share. In the first quarter, BXMT reported a GAAP net loss of $0.71 per share and distributable earnings of $0.33 per share.

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Earnings call: Renasant Corporation reports solid Q1 growth, names new CEO

Renasant Corp (Related symbols : RNST)NASDAQ

investing.com / Wednesday, April 24, 2024 10:32 PM

Renasant (NYSE: ) Corporation (NASDAQ: RNST) has reported a successful first quarter for 2024, with significant loan and deposit growth, and effective expense management. There was notable loan growth and core deposit growth during the quarter. Mid-single-digit growth is expected in loan growth. Full transcript - Renasant Corp (RNST) Q1 2024:Operator: Good morning and welcome to the Renasant Corporation 2024 First Quarter Earnings Conference Call. Loan growth in the first quarter was $149 million and represents an annualized growth rate of 5%.

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Trump’s Failing Media Company Desperately Scrambles to Find Scapegoat

Trump Media & Technology Group Corp (Related symbols : DJT)NASDAQ

finance.yahoo.com / Wednesday, April 24, 2024 10:31 PM

The company has asked the federal government to investigate why its stock is tanking.

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Earnings call: Pebblebrook Hotel Trust maintains optimism amid challenges

Bank Of America Corp (Related symbols : BAC, BCS, HGV, HLT, MHM, MPE, PEB, WFC, WFC-WS)NYSE

investing.com / Wednesday, April 24, 2024 10:31 PM

Key TakeawaysPebblebrook Hotel Trust reported strong financial results for Q1 2024, with urban markets showing a 4.9% RevPAR growth. See disclosureorFull transcript - Pebblebrook Hotel Trust (PEB) Q1 2024:Operator: Greetings and welcome to the Pebblebrook Hotel Trust First Quarter Earnings Call. In Q1 hotel occupancy in D.C. gained an impressive 8 points rising to 61% and RevPAR increased by 7%. February room revenues rose 3.8%, higher than the 0.1% RevPAR growth due primarily to the extra day from leap year. Our best performing RevPAR growth properties in the quarter were led by our properties that were redeveloped in the last few years.

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Earnings call: Blackstone Mortgage Trust posts Q1 GAAP net loss

Blackstone Inc (Related symbols : BX, BXMT, CT)NYSE

investing.com / Wednesday, April 24, 2024 10:31 PM

Key TakeawaysBlackstone (NYSE: ) Mortgage Trust reported a GAAP net loss of $0.71 per share in Q1 2024. Full transcript - Blackstone Mortgage (BXMT) Q1 2024:Operator: Good day and welcome to the Blackstone Mortgage Trust First Quarter 2024 Investor Call. Timothy Hayes: Good morning and welcome everyone to Blackstone Mortgage Trust's first quarter 2024 earnings conference call. For the first quarter, we reported a GAAP net loss of $0.71 per share, while distributable earnings and distributable earnings prior to charge-offs were $0.33 and $0.55 per share. In the first quarter, BXMT reported a GAAP net loss of $0.71 per share and distributable earnings of $0.33 per share.

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Earnings call: Blackstone Mortgage Trust posts Q1 GAAP net loss

Blackstone Inc (Related symbols : BX, BXMT, CT)NYSE

investing.com / Wednesday, April 24, 2024 10:31 PM

Key TakeawaysBlackstone (NYSE: ) Mortgage Trust reported a GAAP net loss of $0.71 per share in Q1 2024. Full transcript - Blackstone Mortgage (BXMT) Q1 2024:Operator: Good day and welcome to the Blackstone Mortgage Trust First Quarter 2024 Investor Call. Timothy Hayes: Good morning and welcome everyone to Blackstone Mortgage Trust's first quarter 2024 earnings conference call. For the first quarter, we reported a GAAP net loss of $0.71 per share, while distributable earnings and distributable earnings prior to charge-offs were $0.33 and $0.55 per share. In the first quarter, BXMT reported a GAAP net loss of $0.71 per share and distributable earnings of $0.33 per share.

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