Business

Alphabet posts fourth-quarter revenue below expectations of $82.8 billion, with Google Cloud growth slowing. The tech giant announces $75 billion in 2025 capital expenditures for AI and data center development. Despite missing sales estimates, Alphabet's search advertising and YouTube revenue exceeded expectations.

Published on: February 05, 2025, 01:01 AM UTC

Snap Revenue Surges, User Growth Beats Estimates on Ad Overhaul

Published on: February 05, 2025, 12:04 AM UTC

Japan's December real wages increased by 0.6% year-on-year due to winter bonuses, indicating growing momentum for wage hikes.

Published on: February 05, 2025, 12:04 AM UTC

A 10% increase in consumer costs (comprising 2% of GDP) shouldn't harm the US economy. However, President Trump is imposing this tariff burden on American consumers at a time of heightened price sensitivity. Morning Consult's price sensitivity index shows that reluctance to pay higher prices has reached a record high. Trump's tariff policies worsen inflation concerns, despite his 2024 promise to lower prices. Analysis predicts that Trump's planned tariffs on Canada, Mexico, and China could cost families up to $2,600 annually.

Published on: February 05, 2025, 12:02 AM UTC

Chipotle beats Q4 estimates despite headwinds; plans new menu items, restaurant openings

Published on: February 05, 2025, 12:01 AM UTC

Colombian President Gustavo Petro calls for the sale of state oil firm Ecopetrol's fracking operations to invest in clean energy.

Published on: February 05, 2025, 12:01 AM UTC

Simon Property Group, a commercial real estate investment trust (REIT), surpassed market expectations for its fourth-quarter funds from operations (FFO) with $3.68 per share, driven by steady leasing demand for its U.S. malls and premium outlets. Revenue grew across its businesses, and the company plans to open a premium outlet in Jakarta, Indonesia in March. Simon Property expects 2025 net income between $6.95 and $7.20 per share, exceeding analysts' estimates, and reported an occupancy rate of 96.5% with a 2.5% increase in base minimum rent per square foot.

Published on: February 05, 2025, 12:00 AM UTC

Palantir stock soared 27% after reporting strong earnings and issuing bullish 2025 guidance. Analysts praised the company's AI growth strategy and raised price targets.

Published on: February 05, 2025, 12:00 AM UTC

Google parent company Alphabet misses analysts' expectations for fourth-quarter revenue, leading to a drop in share prices. The company's cloud business growth slows, while investors question AI spending strategy amid competition and regulatory challenges.

Published on: February 04, 2025, 11:08 PM UTC

Evans Bancorp Inc. reported fourth-quarter net income of $3.7 million, or 67 cents per share, on revenue of $31.3 million. For the year, the bank reported profit of $12 million, or $2.16 per share, on revenue of $69.9 million.

Published on: February 04, 2025, 11:08 PM UTC