Market

U.S. job growth unexpectedly slowed in January due to wildfires and cold weather, but a 4% unemployment rate may prevent the Federal Reserve from cutting interest rates until June.

Published on: February 07, 2025, 02:00 PM UTC

Plains All American Pipeline L.P. (PAA) reported a fourth-quarter loss of 4 cents per share, missing Wall Street expectations. Adjusted earnings were 42 cents per share on revenue of $12.4 billion.

Published on: February 07, 2025, 01:06 PM UTC

CBOE Global Markets reports Q4 net income of $196.5 million, missing expectations. Adjusted revenue also fell short of estimates, while annual profit and revenue increased.

Published on: February 07, 2025, 01:05 PM UTC

Chinese battery giant CATL resumes operations at its lithium lepidolite mine in China's Jiangxi province, contributing to lithium supplies and potentially influencing market prices.

Published on: February 07, 2025, 01:04 PM UTC

President Trump wants to end a tax perk used by private equity fund managers, a policy feat that politicians have tried and failed to achieve for more than a decade. Trump said closing the carried-interest loophole is a priority in a meeting with Republican lawmakers on Thursday.

Published on: February 07, 2025, 01:04 PM UTC

Investors are bracing for a weaker pound as the Bank of England's policy decision highlights concerns about UK economic growth. Despite a slight recovery, sterling remains the weakest among G-10 currencies, with experts predicting further interest rate cuts and a potential drop to $1.19.

Published on: February 07, 2025, 01:04 PM UTC

Cboe Global Markets reports a rise in Q4 adjusted profit on increased options trading amidst hedging demand, with a 5% net revenue increase to $524.5 million.

Published on: February 07, 2025, 01:04 PM UTC

The January jobs report is expected to show hiring slowed to start 2025 while the unemployment rate was flat. Economists expect non-farm payrolls to have risen by 170,000 in January, while the unemployment rate held steady at 4.1%.

Published on: February 07, 2025, 01:03 PM UTC

Demand for debt linked to Elon Musk's Twitter purchase has risen due to increased confidence in his leadership and the platform's potential. Banks sold $5.5 billion of the debt at a higher price than anticipated, signaling a turnaround for banks that initially faced losses on the deal.

Published on: February 07, 2025, 01:03 PM UTC

President Trump has targeted the carried interest deduction, a tax break for hedge fund managers, as part of his tax cut discussions with Republican lawmakers.

Published on: February 07, 2025, 01:02 PM UTC