Business

Insurance giant Chubb reports strong Q4 earnings, driven by underwriting and investment gains, despite $1.5 billion pre-tax cost from California fires.

Published on: January 29, 2025, 12:01 AM UTC

First Commonwealth Financial Corp. reported earnings of $35.8 million in the fourth quarter, below Wall Street expectations. Revenue also fell short of estimates, coming in at $175.3 million. For the year, the company reported profit of $142.6 million, or $1.39 per share, on revenue of $478.1 million.

Published on: January 28, 2025, 11:05 PM UTC

Flushing Financial Corp. (FFIC) reported a fourth-quarter loss of $49.2 million, missing Wall Street expectations. Adjusted earnings were 14 cents per share on revenue of $126 million. For the year, FFIC reported a loss of $31.3 million on revenue of $201.4 million.

Published on: January 28, 2025, 11:05 PM UTC

First Busey Corp. (BUSE) reports Q4 earnings of $0.49 per share, exceeding Wall Street expectations. Revenue reached $166.5 million, also surpassing estimates. For the year, the company posted a profit of $1.98 per share on $462.3 million in revenue.

Published on: January 28, 2025, 11:05 PM UTC

Littelfuse (LFUS) reported Q4 revenue of $529.5 million, meeting analyst estimates. Adjusted EPS was $2.04, slightly below expectations. Revenue is projected to be around $535 million in Q1, aligned with analyst estimates. Despite flat year-over-year sales, Littelfuse maintains a strong market position and growth potential.

Published on: January 28, 2025, 11:05 PM UTC

Luxury conglomerate LVMH, led by Bernard Arnault, is considering expanding production in the US due to favorable tax conditions and a positive business climate.

Published on: January 28, 2025, 11:04 PM UTC

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Published on: January 28, 2025, 11:04 PM UTC

Target's recent rollback of diversity, equity, and inclusion initiatives raises questions about its philanthropic commitment to fighting racial disparities. The company has made significant donations to organizations supporting Black economic empowerment and LGBTQ+ acceptance, but some now wonder if these remain a priority. Target's changes align with a conservative backlash against DEI efforts, and philanthropic advisors say it may cool support from some funders. The move has also influenced how Target partners with organizations, with some choosing to end relationships due to the company's shift in priorities.

Published on: January 28, 2025, 11:03 PM UTC

The Nasdaq and S&P 500 rebounded on Tuesday, following a steep stock sell-off spurred by Chinese startup DeepSeek and the ripple effect its potentially cheaper AI model could have on Big Tech. Bellwether Nvidia (NVDA) was the standout of the trading day, with shares finishing the day up nearly 9% after it shaved off a record $589 billion from its market cap in the previous session.

Published on: January 28, 2025, 11:02 PM UTC

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Published on: January 28, 2025, 11:01 PM UTC