Palantir Technologies Inc reported first-quarter FY22 revenue growth of 31 percent year-on-year to $446 million, beating the consensus of $443.4 million. Revenue Drivers Commercial revenue grew 54 percent Y/Y. U.S. commercial revenue rose 136 percent Y/Y. Palantir customer count grew 86 percent Y/Y. Government revenue grew 16 percent Y/Y. Margins The adjusted operating margin contracted 800 bps…
This Day in Market History: Comparator Systems Smashes Nasdaq Trading Volume Record
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day 26 years ago, Comparator Systems stock gained 3,025 percent and set a new record for single-day Nasdaq trading volume. Where The Market Was The Dow finished the day at 5,475.14. The S&P 500 traded…
Safe-T Reiterates Record Q1 and April, Expects Minimum 50 Percent Annual Growth Through 2025
Safe-T Group Ltd., in its letter to shareholders, reiterated another record first quarter 2022 revenues of $4 million, representing growth of ~200 percent, primarily driven by its shift into the consumer business and its customer acquisition programs, which have attracted new subscribers. What Happened? Safe-T’s confidence is based on its proven ability to produce triple-digit growth…
Volkswagen CEO Sees Tight Race With Tesla for E-Car Crown by 2025
FRANKFURT—Volkswagen faces a tough road ahead to reach its self-imposed target of becoming the world’s largest seller of electric vehicles by 2025, its chief executive said on Monday, admitting rival Tesla was stronger than expected. “It will be a tight race but we won’t give up on it,” Herbert Diess said at the FT Future…
Australians Struggle as Inflation Drives Up Necessity Prices
Australians are starting to find it a struggle to live with the rising costs of living as everything from food to rent continues to increase with the rising price of goods and services, causing the Reserve Bank of Australia (RBA) to revise its inflation forecast to six percent over the second half of 2022. According…
ConocoPhillips Plans $1.1 Billion Investment as Norway Oil Sector Heats Up
SANDEFJORD, Norway—ConocoPhillips submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the first of an expected rush of new petroleum projects to be launched in Norway this year. Known as Eldfisk North, the development is part of the wider Ekofisk area, where…
Seniors Sacrifice Health and Comfort as Inflation Lowers Standard of Living
May 10, 2022
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In response to inflation, the prizes at Bingo have changed in recent weeks at the Millersville Senior Center in Millersville, Pennsylvania. Instead of fun little trinkets, winning bingo players now choose between cleaning supplies, laundry items or snacks, depending on the theme of the week, Senior Center Director Starr Brubaker told The Epoch Times. Dryer…
Preliminary 3.3 Magnitude Quake Jolts South Carolina
May 10, 2022
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COLUMBIA, S.C.—A relatively rare East Coast earthquake centered just northeast of South Carolina’s capital city jolted large numbers of state residents awake early Monday, rocking the Southern state at a preliminary 3.3 magnitude, authorities said. There were no immediate reports of any damages or injuries, although more than 4,000 people contacted the U.S. Geological Survey…
LIVE UPDATES: Missiles Pound Ukraine’s Odesa After Russia Marks WW2 Victory
The latest on the Russia–Ukraine crisis, May 10. Click here for updates from May 9. Missiles Pound Ukraine’s Odesa After Russia Marks WW2 Victory Buildings in Odesa lay in ruins on Tuesday, a day after Kremlin forces pounded the southern Ukrainian port with missiles and Russian President Vladimir Putin led defiant celebrations marking the Soviet’s victory…
Australian Petrol Prices Rise Continuously Despite Excise Tax Reduction
Petrol prices have gone up for three consecutive weeks across Australia as the effect of the federal government temporarily halving fuel excise was overshadowed by global factors. According to the Australian Institute of Petroleum, the national average retail petrol prices increased 1.4 cents to $1.79 per litre (US$4.73 per gallon) in the week ending May 8….
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