Business

Regeneron Pharmaceuticals reported fourth-quarter net income of $917.7 million, beating Wall Street expectations. Adjusted earnings were $12.07 per share, revenue was $3.79 billion.

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

Estée Lauder plans to cut 5,800-7,000 jobs amid slumping sales in travel retail and China, as CEO Stéphane de La Faverie unveils turnaround plans to regain market share.

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

Top U.S. refiner Marathon Petroleum beat fourth-quarter profit estimates, helped by strength in its midstream and renewable diesel segment.

Published on: February 04, 2025, 12:04 PM UTC

Apollo Global Management Q4 profit tops estimates, driven by strong fees and retirement business performance. Assets under management jump 15% to $751 billion.

Published on: February 04, 2025, 12:04 PM UTC

Apollo Global Management reported a 50% increase in assets under management from its wealth business. In 2023, the firm raised $12 billion from this sector and expects to reach $150 billion by 2029.

Published on: February 04, 2025, 12:04 PM UTC

Intel faces challenges in regaining past glory amid industry advancements, according to Bill Gates. Despite efforts to revamp under former CEO Gelsinger, the chipmaker faces competition from Taiwan Semiconductor and Samsung in the foundry business. Intel's financial performance has suffered, with a 55% stock decline in the past year, prompting analysts to suggest exiting the foundry business.

Published on: February 04, 2025, 12:04 PM UTC

US stocks fell Monday after the Trump administration's tariff rollout against Canada and China, but the major market losses were pared after President Donald Trump said the US would delay duties on Mexican imports for a month. The tech-heavy Nasdaq Composite (^IXIC) closed down 1.2%, recouping some of its earlier losses. Meanwhile, the S&P 500 (^GSPC) fell roughly 0.7%, and the Dow Jones Industrial Average (^DJI) fell 0.3%. Consumer discretionary (XLY) stocks, which includes automakers, were hit over fears of tariff impacts. Tech (XLK) also lagged as shares of AI chip giant Nvidia (NVDA), iPhone maker Apple (AAPL), and EV manufacturer Tesla (TSLA) all fell over 2.5%.

Published on: February 04, 2025, 12:03 PM UTC

Trump's tariffs on Canada could cost American households $690 each, raising prices on gas, produce, and cars.

Published on: February 04, 2025, 12:02 PM UTC

President Trump's new 10% tariffs on Chinese-made goods, including tech products like phones and computers, take effect today. The tech industry relies heavily on manufacturing in China and will likely pass the cost of the tariffs on to consumers, leading to higher prices. The tariffs will also impact chip stocks like Nvidia, AMD, and Intel, as the industry depends on manufacturing facilities in China.

Published on: February 04, 2025, 12:02 PM UTC

PepsiCo's Q4 revenue falls short of estimates as North American consumers cut back on snacks and drinks.

Published on: February 04, 2025, 12:01 PM UTC