Business

Procter & Gamble's strong Q2 results, driven by robust demand for household items and effective marketing strategies, including product innovations and influencer partnerships.

Published on: January 22, 2025, 01:00 PM UTC

Aptiv to Separate Electrical Distribution Systems Business

Published on: January 22, 2025, 01:00 PM UTC

Ally Financial to Sell Credit Card Business to CardWorks

Published on: January 22, 2025, 01:00 PM UTC

Germany may need to keep its mothballed coal-fired stations available longer due to delays in building new gas plants, grid operator Amprion warns.

Published on: January 22, 2025, 12:05 PM UTC

Commerce Bancshares (CBSH) reported Q4 earnings of $136.1 million ($1.01/share), surpassing analyst estimates of $0.94/share. Revenue reached $524.8 million, with a net of $422.1 million, also beating expectations. For the year, profit was $526.3 million ($3.87/share), with revenue at $1.66 billion. CBSH shares have risen 5% YTD and 24% over the past year.

Published on: January 22, 2025, 12:04 PM UTC

Johnson & Johnson reports Q4 sales and profit above Wall Street estimates, driven by strong cancer drug sales. The company expects 2025 sales of $90.9-$91.7 billion and earnings of $10.75-$10.95 per share.

Published on: January 22, 2025, 12:04 PM UTC

Canadian private equity firm Novacap Investments Inc. has closed a $1 billion fund to invest in digital infrastructure assets. The fund is targeting about 10 regional companies that sell connectivity and data access services, with a strategy to invest as much as $100 million in each.

Published on: January 22, 2025, 12:03 PM UTC

US stocks rose on Tuesday, with the Dow Jones Industrial Average (^DJI) rising above 44,000 and the S&P 500 topping 6,000 as investors digested President Donald Trump's first policy moves, with promised tariffs on Mexico and Canada front of mind. Markets got a dose of relief as Trump held off from imposing universal tariff hikes, but he hinted at 25% duties for Mexico and Canada starting Feb. 1. Netflix (NFLX) reported strong earnings results with subscriber growth soaring and a stock buyback announcement, leading to an after-hours jump of over 14%.

Published on: January 22, 2025, 12:02 PM UTC

Netflix raised prices for its US streaming tiers: ad-supported to $7.99, Standard to $17.99, and Premium to $24.99. The company also adjusted prices in Canada, Portugal, and Argentina.

Published on: January 22, 2025, 12:02 PM UTC

President Trump has revealed his support for the purchase of TikTok by Elon Musk or Larry Ellison. A possible agreement involving a US "permit" in exchange for half of TikTok is being considered by the President. Experts, however, caution that such a joint venture may not be sufficient to lift the ban on TikTok due to legal concerns.

Published on: January 22, 2025, 12:01 PM UTC