Business

Treasury Secretary Scott Bessent vets Treasury employee on Musk's government efficiency team, assures no data tampering. Bessent expresses confidence in Musk's team's abilities, highlighting their professionalism and potential cost savings.

Published on: February 07, 2025, 06:01 PM UTC

Billionaire investor Bill Ackman reveals a 1% stake in Uber, praising its management and undervalued stock.

Published on: February 07, 2025, 06:00 PM UTC

Industrial stocks are a mixed bag, with some suffering from macroeconomic headwinds and others poised to beat the market. Gibraltar (ROCK) and Trex (TREX) face challenges, while Trane Technologies (TT) shows impressive growth.

Published on: February 07, 2025, 06:00 PM UTC

US President Donald Trump considers approving Nippon Steel's $14.9 billion buyout of United States Steel, CBS News reports.

Published on: February 07, 2025, 06:00 PM UTC

Amazon stock (AMZN) fell 3% in premarket trading after mixed first-quarter guidance and promised big spending on AI infrastructure in 2025. Despite the miss, analysts remain bullish due to expected revenue growth in Amazon Web Services and a good quarter overall, with strong sales growth for AWS, improved operating profit margins, and accelerated growth in physical stores. Wall Street analysts rate Amazon as Buy or Overweight, with price targets ranging from $260 to $280, citing opportunities in AI, cloud computing, advertising, and subscription services.

Published on: February 07, 2025, 05:02 PM UTC

Listen to Yahoo Finance's "Opening Bid" podcast where we discuss Trump's tariffs and the impact on retail stocks like SKX, GAP, ONON, RL, and DECK. Analyst Simeon Siegel provides insights into Nike's challenges and opportunities amidst the trade war.

Published on: February 07, 2025, 05:02 PM UTC

Super Bowl LIX is expected to drive record-breaking sales for chicken wings, pizza, and snacks, providing a boost to chains like Domino's, Wingstop, and Molson Coors.

Published on: February 07, 2025, 05:02 PM UTC

Mortgage rates remain high, and consumers are becoming less optimistic about the housing market. Fannie Mae's latest survey shows that fewer people expect mortgage rates to fall, while more expect them to rise. This is in line with economists' warnings that rates may not fall much this year. Despite the pessimism about mortgage rates, Fannie Mae's overall Home Purchase Sentiment Index rose slightly, as buyers and sellers grew more optimistic about buying and selling conditions and home prices in the next 12 months.

Published on: February 07, 2025, 05:01 PM UTC

Billionaire investor Bill Ackman's hedge fund, Pershing Square Capital Management, owns 30.3 million shares of Uber Technologies Inc.

Published on: February 07, 2025, 05:01 PM UTC

Titan America shares up 1.25% in NYSE debut, market cap reaches $2.99 billion

Published on: February 07, 2025, 05:00 PM UTC