Business

Sequoia Capital's evergreen fund has reached $19.6 billion, making it one of the largest venture capital funds globally.

Published on: February 06, 2025, 01:00 AM UTC

Russian consumers are purchasing record amounts of gold as a safe-haven asset amid high inflation and geopolitical tensions. Last year, they bought 75.6 metric tons of gold, a 6% increase from 2023 and a 62% increase from 2021. The price of gold hit a record high of $2,900 an ounce on Wednesday.

Published on: February 06, 2025, 01:00 AM UTC

Cognizant Technology Solutions forecasts annual revenue below estimates amid uncertainty over rate cuts and immigration policies. Read for insights on Q4 results and 2025 projections.

Published on: February 06, 2025, 12:04 AM UTC

Citigroup announced it promoted over 8,500 employees as part of its year-end process, in addition to the 23,000 promotions made throughout 2024.

Published on: February 06, 2025, 12:04 AM UTC

Despite a strong financial performance, tech giant Salesforce is cutting more than 1,000 jobs from its 73,000-strong workforce. The layoffs come amid a wave of job cuts in the tech sector, as companies grapple with economic uncertainty and technological change.

Published on: February 06, 2025, 12:04 AM UTC

Two Internet Stocks to Stash Now: Roblox (RBLX) and Electronic Arts (EA) offer compelling growth potential due to their loyal user bases, innovative platforms, and disciplined cost controls. One to Ghost: Take-Two Interactive (TTWO) faces challenges with declining margins, a short cash runway, and high valuation.

Published on: February 06, 2025, 12:04 AM UTC

Fed officials hold a unified message on responding to tariffs, expressing caution and a wait-and-see approach as inflation concerns linger due to trade policies.

Published on: February 06, 2025, 12:03 AM UTC

MicroStrategy, the world's largest Bitcoin treasury company, has rebranded to Strategy, underscoring its commitment to its cryptocurrency strategy. Despite the rebrand, the company's stock was down 2% on Wednesday.

Published on: February 06, 2025, 12:03 AM UTC

Ford reported Q4 earnings and revenue beats, but issued muted full-year guidance due to market headwinds. The company's Model e EV segment continues to post losses, but Ford expects progress on quality and cost in 2025. Ford sees Q1 2025 adjusted EBIT roughly break-even due to lower sales and product mix.

Published on: February 06, 2025, 12:02 AM UTC

Yahoo Finance - US stocks recovered from losses on Wednesday to close higher on the day. Earnings from Alphabet (GOOG, GOOGL) and AMD (AMD) fell short, but Big Tech got a boost from a jump in Nvidia (NVDA) shares.

Published on: February 06, 2025, 12:02 AM UTC