Business

Trump Media & Technology Group launches Truth.Fi financial services and FinTech brand, authorizing up to $250 million investment through Charles Schwab.

Published on: January 29, 2025, 02:03 PM UTC

Starbucks aims for a comeback with a focus on core coffee, better pricing, and faster service. Despite declining same-store sales and foot traffic, Starbucks beat Wall Street expectations with revenue of $9.4 billion and earnings per share of $0.69. The company plans to reduce menu offerings, improve staffing levels, and invest in marketing as part of its turnaround strategy.

Published on: January 29, 2025, 02:02 PM UTC

Trump says TikTok buyers could include Microsoft, Oracle, Elon Musk and others

Published on: January 29, 2025, 02:02 PM UTC

The Federal Reserve's policy path for 2025 remains uncertain, with questions about the pace of rate cuts and the impact of President Trump's economic policies. Economists are considering scenarios that could prompt a more aggressive approach or a shift towards rate hikes. Despite expectations of an uneventful Fed meeting, Wall Street analysts are exploring potential triggers for policy changes.

Published on: January 29, 2025, 02:02 PM UTC

ASML stock price up as semiconductor equipment maker beats expectations, dismisses AI chip demand concerns

Published on: January 29, 2025, 02:01 PM UTC

Some companies are considering expanding their presence or setting up shop in the United States in response to potential tariffs from President Trump.

Published on: January 29, 2025, 02:00 PM UTC

Wabash National Corp. reports a Q4 loss of $1 million, or 2 cents per share, on revenue of $416.8 million. For the year, the company reports a loss of $284.1 million, or $6.40 per share, on revenue of $1.95 billion. Wabash expects full-year earnings to be 85 cents to $1.05 per share, with revenue in the range of $1.9 billion to $2.1 billion.

Published on: January 29, 2025, 01:10 PM UTC

General Dynamics Q4 earnings beat expectations, with net income of $1.15 billion ($4.15 per share) on revenue of $13.34 billion. For the year, the company reported profit of $3.78 billion ($13.63 per share) on revenue of $47.72 billion.

Published on: January 29, 2025, 01:09 PM UTC

Nasdaq Inc. (NDAQ) reported better-than-expected earnings of 76 cents per share for the fourth quarter, fueled by a 35.3% increase in adjusted revenue to $1.23 billion. The company's annual performance also witnessed profit growth to $1.12 billion, with revenue reaching $4.65 billion.

Published on: January 29, 2025, 01:09 PM UTC

T-Mobile predicts higher yearly subscriber growth than expected, primarily due to the popularity of its low-cost flagship 5G packages.

Published on: January 29, 2025, 01:09 PM UTC