Hedge fund Maplelane Capital in December raised its bearish options bets on GameStop Corp and American Airlines Group Inc, companies that were at the heart of a retail investor-led rally in heavily shorted stocks earlier this year.
2 Min Read
(Reuters) - Tech billionaire Peter Thiel-backed data analytics firm Palantir Technologies Inc on Tuesday signaled revenue growth would slow this year, casting a shadow on its better-than-expected quarterly results and sending its shares down 9%.
Slideshow ( 3 images )
The company forecast a revenue growth of 30% in 2021, slower than the 47% rise in 2020 when it added large government contracts, including those from the U.S. Army and Air Force.
Known for its work with the Central Intelligence Agency and other government agencies, Palantir has also been partnering with big private sector names including Rio Tinto and IBM for data analytics.
It signed 21 contracts each worth $5 million or more during the fourth quarter and said it expects sales in the first quarter to grow by about 45% from a year earlier.
Warren Buffett's Berkshire Hathaway Inc on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications Inc and a $4.1 billion stake in oil company Chevron Corp.
British stocks rose on Monday, as mining and energy stocks tracked strong gains in commodity prices and investors were hopeful global vaccine rollouts would quicken the economic recovery this year.