News

Rumble Inc. (RUM) surpassed revenue expectations in the fourth quarter, setting a new record and announcing the "Rumble Wallet" for its creator community in partnership with Tether. This collaboration aims to position Rumble as a leading media platform within the cryptocurrency community and accelerate its international expansion.

Cintas Corporation is poised for a strong third-quarter performance, with analysts anticipating earnings of $1.06 per share, surpassing both last year's results and market expectations. However, the company recently terminated discussions regarding its proposed acquisition of UniFirst, leaving investors to ponder the future direction of its growth strategy.

Marti Technologies Inc. extended its share repurchase program, allowing for the buyback of up to $2.5 million worth of Class A shares until October 2025. Despite the extension and increased repurchase price, the company's stock fell on Tuesday, likely due to investor concerns about capital allocation.

Asia's real estate sector is booming, attracting foreign investors and prompting businesses to expand, particularly in Southeast Asia where luxury brands are investing heavily in residential projects. However, concerns about oversupply and overdevelopment are emerging, especially in Indonesia where President Prabowo Subianto's ambitious affordable housing program faces challenges due to past issues.

Shenzhen SiCarrier Technologies, a Chinese semiconductor equipment maker backed by the Shenzhen government, is developing a range of machines to replace offerings by ASML and other foreign rivals, aiming to help China achieve self-sufficiency in the semiconductor industry. The company's efforts are seen as a response to US export controls and a potential challenge to the dominance of established foreign players.