Business

US stocks advanced on Wednesday, with the S&P 500 and Nasdaq Composite gaining ground, while the Dow Jones Industrial Average traded flat. The Federal Reserve's meeting minutes showed officials supported holding policy at restrictive levels as inflation remained elevated. Trump's planned tariffs on autos, chips, and pharmaceuticals continued to weigh on investors, but other news included Apple's launch of the iPhone 16e and Super Micro Computer's stock surge.

Published on: February 19, 2025, 08:01 PM UTC

Siemens Plans €1.4 Billion Healthineers Stake Sale, Raising Proceeds for Altair Deal

Published on: February 19, 2025, 08:01 PM UTC

A C$3.9 billion contract has been awarded to an international consortium to help develop a high-speed passenger rail network in eastern Canada.

Published on: February 19, 2025, 08:00 PM UTC

Air New Zealand's half-yearly profit drops 17.8% amid aircraft availability issues. Despite challenges, the company announces a share buyback and dividend.

Published on: February 19, 2025, 08:00 PM UTC

Farmers Insurance expects to lose $600 million from the Los Angeles fires, attributing its minimized losses to a focused coverage approach, strong capital base, and comprehensive reinsurance program.

Published on: February 19, 2025, 07:04 PM UTC

Formula One kicks off 75th season with car reveals, U.S. growth, and broadcast rights up for grabs.

Published on: February 19, 2025, 07:03 PM UTC

Apple's budget-friendly iPhone 16e features Apple Intelligence, in-house modem, improved camera, and USB-C port, starting at $599 on February 28.

Published on: February 19, 2025, 07:03 PM UTC

Citigroup CEO Jane Fraser received the biggest pay raise among the top Wall Street banks in 2024, with her total compensation rising to $34.5 million. Goldman Sachs CEO David Solomon had the second-highest increase, with his pay rising to $39 million. JPMorgan Chase CEO Jamie Dimon and Bank of America CEO Brian Moynihan also received $39 million and $35 million, respectively. The lowest payout went to Wells Fargo CEO Charles Scharf, who received $31.2 million.

Published on: February 19, 2025, 07:02 PM UTC

Walmart (WMT) is set to release its Q4 and fiscal 2025 earnings, with analysts expecting strong results driven by inflation-conscious shoppers. Revenue is projected to reach $180.21 billion and EPS $0.65. Same-store sales growth in the US is estimated at 4.66%. Investors will closely monitor Walmart+'s member penetration and guidance for fiscal 2025.

Published on: February 19, 2025, 07:02 PM UTC

The White House is tightening control over the Federal Reserve's bank regulation, giving President Trump's appointees more power over independent agencies. However, monetary policy will remain under the Fed's control.

Published on: February 19, 2025, 07:01 PM UTC