Market

Gold hits record high as geopolitical, tariff risks mount; Trump to verify US gold reserves

Published on: February 21, 2025, 11:02 AM UTC

Rivian reported a gross profit in Q4, beating estimates and narrowing its FY24 EBITDA loss. Despite strong results, RIVN stock dipped 2% pre-market. The company forecasts a smaller loss in 2025 and sees adjusted EBITDA loss of $1.7B-$1.9B. Rivian also expanded its partnership with Volkswagen and secured a conditional $6.6B loan from the DOE.

Published on: February 21, 2025, 11:01 AM UTC

US stock futures were mixed before the open as Walmart's weak earnings outlook weighs on sentiment.

Published on: February 21, 2025, 11:01 AM UTC

US homebuilder stocks are suffering from elevated borrowing costs that are reducing demand and raising costs. The sector is the second-worst performing sector in the S&P 500 Index since President Donald Trump’s election win, sinking 24%. Investors are bracing for more near-term declines, with demand for options that protect against losses in homebuilders on the rise. Mortgage rates are hovering near 7%, while median prices for new single-family homes are 30% higher than in December 2019. A potential 25% tariff on imports from Canada and Mexico, and a 10% levy on Chinese goods, threatens to raise prices on building materials.

Published on: February 21, 2025, 11:01 AM UTC

Hong Kong tech stocks surge 6.5% for best single-day gain since October, leading to a six-week winning streak and a three-year high for the Hang Seng Tech Index. Alibaba, Lenovo, and Xiaomi post strong gains on earnings surprises and AI optimism, while analysts predict further narrowing of valuation discounts.

Published on: February 21, 2025, 11:00 AM UTC

European stocks rise, led by Alibaba earnings boost; US futures little changed

Published on: February 21, 2025, 11:00 AM UTC

U.S. stock futures flat after retail earnings, tariff, Fed concerns

Published on: February 21, 2025, 11:00 AM UTC

Rivian reports strong Q4 results, posting a gross profit and narrowing its full-year 2024 EBITDA loss estimate. Despite positive earnings, Rivian stock dips pre-market, impacted by guidance and regulatory uncertainties.

Published on: February 21, 2025, 10:01 AM UTC

US stock futures flat after Walmart profit warning, tariffs weigh; Celsius soars on acquisition, Dropbox falls

Published on: February 21, 2025, 10:01 AM UTC

Euro traders should watch risks ahead of German elections, with complacent markets pricing in a benign outcome, but concerns linger over potential coalition-building challenges and the impact on the euro if talks drag on.

Published on: February 21, 2025, 10:00 AM UTC