Business

Diageo shifted its strategy to weather tariffs on Mexican and Canadian goods, focusing on mitigation measures and cautious price increases amid soft demand and changing consumer behavior.

Published on: February 06, 2025, 09:03 PM UTC

Palantir's (PLTR) stock continues its upward trajectory, outperforming its peers and the broader market. Despite a high valuation, analysts remain divided on its growth prospects, with some expressing concerns about the sustainability of its recent performance.

Published on: February 06, 2025, 09:03 PM UTC

Skyworks Solutions (SWKS) stock plunged 23% after losing Apple business to a competitor, believed to be Broadcom (AVGO). Apple now dual-sources chips from Skyworks, reducing demand by 20-25%. Analysts speculate on the impact on Skyworks' revenue and the company's CEO shake-up.

Published on: February 06, 2025, 09:02 PM UTC

Google joins Meta among major Silicon Valley firms reconsidering corporate diversity initiatives as legal and political scrutiny intensifies. Some tech giants, like Apple and Microsoft, continue to prioritize DEI programs while others, like Walmart and Ford, have retreated.

Published on: February 06, 2025, 09:01 PM UTC

President Trump plans to tackle a hedge fund deduction loophole, a move likely to be met with resistance from the industry but attract support from Democrats.

Published on: February 06, 2025, 09:01 PM UTC

Palantir's (PLTR) stock has soared 41% year-to-date, surpassing the Nasdaq Composite's 3% gain. The company's strong financial performance, including a 52% surge in fourth-quarter US revenue, has fueled its stock's rise. Analysts have mixed views on PLTR's valuation, with some citing its strong growth potential while others express concerns about its sustainability.

Published on: February 06, 2025, 08:03 PM UTC

Apple supplier Skyworks loses 23% as it loses iPhone chip business to Broadcom

Published on: February 06, 2025, 08:02 PM UTC

Banks sell $5.5B in debt tied to Musk's Twitter purchase, signaling Wall Street's growing confidence in Musk and the social media platform, X.

Published on: February 06, 2025, 08:02 PM UTC

Google and other Silicon Valley companies pull back on diversity hiring goals amid intensified scrutiny and legal challenges, while some companies remain committed to DEI practices.

Published on: February 06, 2025, 08:01 PM UTC

Electric car prices to fall further as manufacturers scramble to meet government sales targets. But it's putting car dealers under "increasing pressure" as their margins from sales are being severely squeezed, says Vertu Motors.

Published on: February 06, 2025, 08:01 PM UTC