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  • Jan 21, 2025

Luxury, Hotel Stocks Are All the Rage as Tourists Flock to Japan

(Bloomberg) -- Japan’s stock market is only now waking up to potential gains from record numbers of big-spending tourists.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpDonations to LA Fire Victims Rise Past $200 Million MarkNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsWhat LA’s Fires Mean for the City’s Housing ShortageA growing number of companies, including a seller of v

  • Jan 21, 2025

Agilysys (NASDAQ:AGYS) Misses Q4 Revenue Estimates, Stock Drops 13.4%

Hospitality industry software provider Agilysys (NASDAQ:AGYS) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 14.9% year on year to $69.56 million. The company’s full-year revenue guidance of $273 million at the midpoint came in 3.2% below analysts’ estimates. Its non-GAAP profit of $0.38 per share was 10.9% above analysts’ consensus estimates.

  • Jan 21, 2025

Apple Loses Top-Stock Crown as Analysts Downgrade on iPhone Risk

(Bloomberg) -- Apple Inc. received a pair of analyst downgrades, in the latest sign that soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.Most Read from BloombergTexas HOA Charged With Discrimination for Banning Section 8 RentersHow Sanctuary Cities Are Preparing for Another Showdown With TrumpWhat LA’s Fires Mean for the City’s Housing ShortageDeadly Landslide of Garbage Displays Uganda's Missed Opportunit

  • Jan 21, 2025

Cryptocurrency financial firm to plead guilty after novel FBI probe

A cryptocurrency financial services firm agreed on Tuesday to plead guilty to U.S. charges that it offered to help manipulate the market for a digital token created at the FBI's behest to help uncover fraud in the crypto sector. United Arab Emirates-registered CLS Global was one of the three companies and 15 individuals charged last year by federal prosecutors in Boston following a novel crypto-focused undercover investigation. The probe, dubbed "Operation Token Mirrors," marked the first time the FBI directed the creation of its own digital token, as well as a fake cryptocurrency company to help bait and catch fraudsters in the market.

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