Palantir Stock Plummets After Earnings Release

Palantir Technologies (NYSE:PLTR) has experienced a significant 225% increase in its stock price over the past year,⁤ leading to high expectations for its recent earnings report. Despite reporting strong⁣ growth in Q1, the big data analytics company fell ⁣short of ‍investor ‍expectations, causing its shares to drop by 15%.

Record ​Profit and Revenue Growth

Known for its AI-driven solutions tailored for governments and corporations, Palantir achieved⁤ a record profit of $106 ‍million in ⁤Q1, marking its⁢ highest profit to date. ⁣The company’s revenue for the quarter also saw a 21% year-over-year increase to $643.3 million, surpassing Wall Street’s forecast of $615.3 million

With 84,857 jobs, the month of April resumes a pace of formal job creation, after the effect of Easter in March, which left the formal labor market stopped.

This figure represents an increase of 60 thousand positions compared to April 2023 when only a little more than 24 thousand formal jobs were generated.

It is a positive result in the face of the hiring trend that the country has presented this year, which presents itself with a favorable employment generation environment with a stable growth rate, although less accelerated than prev

The Ihosy-Betroka axis should be rehabilitated shortly. The company to which the contract for the repair of this 118 km portion of the RN13 linking the Ihorombe region to the Anosy and Androy regions is awarded, is awaiting start-up funds to be able to start and install a life base. According to explanations

The Mexican peso took a break from its recent gains as investors eagerly await key economic data and the monetary policy decision from the Bank of Mexico (Banxico).

According to Banxico, the peso weakened by 0.13 percent, equivalent to 2.22 cents, compared to its previous close, with the exchange rate at 16.90 pesos per dollar. The currency fluctuated between a high of 16.93 and a low of 16.83 units throughout the trading sess

2024-05-07 22:03:03

It is the leading importer of French pork outside the European Union: China is a crucial outlet for the pork industry, with 140,000 tonnes exported in 2022. On the sidelines of Xi Jinping’s visit to France on May 6, 2024, discussions took place occurred. The objective is to increase French exports in the Middle Kingdom. At the end of the state visit, several agreements were announced.

As soon as the end of the bilateral meeting with Xi Jinping, the French Minister of Agriculture hastened to welcome the “ vitality » of the Franco-Chinese relationship, and to announce two important agreements for the

The Biden administration has taken another step in increasing pressure on Chinese technology giant, Huawei. The US Department of Commerce has revoked export licenses that allow Intel and Qualcomm to supply semiconductors to Huawei, affecting the supply of chips for Huawei’s laptop computers and mobile phones.

This move comes as Washington aims to restrict the sale of US technology to Huawei due to concerns raised by national security officials about the company’s alleged involvement in cyber espionage. The Chinese telecoms company has repeatedly denied these claims.

The revoking of export licenses signifies the serious approach that the US government is taking towards what it perceives as national security threats from Chinese technology. It is an indication that the Biden administration will continue the hardline stance against Huawei, with any subsequent administration expected to do the same.

The action by the US government is significant as it demonstrates the extent to which they are willing to go to protect their national security interests. However, critics argue that the licenses should never have been granted in the first place, and that the Bi