Market

Pilgrim's Pride Corp (PPC) reported Q4 profit of $235.9 million ($1.35 per share, adjusted). Revenue for the quarter was $4.37 billion. For the year, the company reported profit of $1.09 billion ($4.57 per share) on revenue of $17.88 billion.

Published on: February 12, 2025, 11:07 PM UTC

US inflation data exceeded expectations, prompting a sell-off in government bonds and whipsawing in equities. The Fed may have limited room to cut rates this year, while oil prices declined amid talks between the US and Russia over Ukraine.

Published on: February 12, 2025, 11:05 PM UTC

Egg prices are at record highs, with wholesale prices reaching $8.15 per dozen. Despite this, grocery stores are keeping prices lower to maintain affordability and avoid losing market share. Retailers are using strategies like limiting discounts, promoting loyalty programs, and limiting purchases to prevent stockpiling. The avian flu outbreak has decimated egg-laying hen flocks, causing the supply gap to widen. Demand remains high, and prices are expected to continue increasing before Easter.

Published on: February 12, 2025, 11:04 PM UTC

Consumer prices rose more than forecast in January, with core prices reversing last month's easing, complicating the Federal Reserve's path forward on interest rates.

Published on: February 12, 2025, 11:03 PM UTC

Reddit stock fell after Q4 results missed expectations, with earnings below estimates but revenue surpassing forecasts. Guidance for Q1 beats projections, but daily active user growth falls short. Investors remain optimistic due to ad revenue growth and AI partnerships.

Published on: February 12, 2025, 11:03 PM UTC

Trump's tariffs: Most Americans expect higher prices, economic damage

Published on: February 12, 2025, 11:03 PM UTC

Track US stock market performance and inflation figures with live updates on the Consumer Price Index (CPI), key economic indicators, and company earnings. Stay informed with expert analysis and insights on interest rate hikes, inflation trends, and the impact on various market sectors.

Published on: February 12, 2025, 11:02 PM UTC

Despite Apple's newest iPhone SE and AI partnership with Alibaba, some analysts remain cautious. While Apple Intelligence is expected on the low-cost iPhone SE, its success in driving sales is uncertain. Additionally, Apple's partnership in China may face challenges due to local app usage and nationalist sentiment.

Published on: February 12, 2025, 11:02 PM UTC

Egg prices are at a record high, with wholesale prices reaching $8.15 a dozen. Grocers are absorbing some of the cost to keep prices affordable for shoppers, but they are also employing strategies like reducing discounts and promotions, limiting purchases, and offering loyalty incentives to make up for losses.

Published on: February 12, 2025, 11:01 PM UTC

The Trump trade that boosted markets last year is faltering in 2025 with stocks, bond yields, and the dollar underperforming expectations.

Published on: February 12, 2025, 11:00 PM UTC