Business

Consumer healthcare company Kenvue's 2025 profit forecast falls below expectations due to a strong US dollar and weak demand for cold and cough products.

Published on: February 06, 2025, 12:00 PM UTC

Volvo Cars acquires 50% stake in battery venture Novo Energy from Northvolt for no upfront payment.

Published on: February 06, 2025, 12:00 PM UTC

Labcorp's strong Q4 results and 2025 revenue forecast exceed expectations, driven by high demand for diagnostic tests.

Published on: February 06, 2025, 12:00 PM UTC

Societe Generale targets higher payouts as profits surge; shares jump on upbeat outlook

Published on: February 06, 2025, 11:03 AM UTC

US stocks rebounded on Wednesday after falling at the open to close higher on the day. Earnings from Alphabet (GOOG, GOOGL) and AMD (AMD) disappointed, but Big Tech received a boost from an increase in Nvidia (NVDA) stock. The tech-heavy Nasdaq Composite (^IXIC) gained 0.2%, while the benchmark S&P 500 (^GSPC) rose 0.4%. The Dow Jones Industrial Average (^DJI) led the gains, rising 0.7%, or over 300 points.

Published on: February 06, 2025, 11:03 AM UTC

Filing taxes in the US is more complex than in many other developed countries, with Americans spending an average of 13 hours and $270 to file a basic federal tax form. The complexity arises from the 4 million-word tax code, various credits and deductions, and a reliance on third-party preparers for self-employed individuals. Recent efforts to simplify the process include doubling the standard deduction and expanding the IRS's Direct File program, but the US still lags behind countries like Sweden that provide pre-populated tax returns.

Published on: February 06, 2025, 11:02 AM UTC

Ford Q4 earnings top estimates; 2025 guidance muted due to market headwinds including potential EV tax credit loss, tariffs. Revenue up 5% YoY to $48.2B.

Published on: February 06, 2025, 11:02 AM UTC

Elon Musk's legal battle with OpenAI CEO Sam Altman has the potential to last into 2027, as a judge has ruled that a jury trial is likely. The dispute stems from Musk's claims that OpenAI violated its nonprofit mission by converting to a for-profit business. Altman has denied these allegations, calling them "false." The case also includes allegations of unfair competition and illegal board positions.

Published on: February 06, 2025, 11:01 AM UTC

Vanguard slashes fees on 168 mutual funds and ETFs, lowering expense ratios by an average of 20%. This fee reduction is the largest in Vanguard's nearly 50-year history, resulting in an average asset-weighted expense ratio of 0.07%, significantly lower than the industry average of 0.44%. Industry experts praise the move, highlighting its potential positive impact on long-term returns and the likelihood of increased fee competition among fund providers.

Published on: February 06, 2025, 11:01 AM UTC

Honeywell International (HON) is reportedly preparing to split into three independent companies, including an aerospace division, automation business, and advanced materials arm.

Published on: February 06, 2025, 11:01 AM UTC