Market

Fortune Brands (FBIN) missed Q4 estimates with a 4.9% revenue decline and a 20.1% EPS miss. Despite a higher operating margin, EPS declined 15.2% over the past two years. Analysts expect 3.6% revenue growth and 20.6% EPS growth in the coming year.

Published on: February 06, 2025, 11:04 PM UTC

Mortgage rates fell slightly this week, following a period of volatility in the market amid uncertainty over the Trump administration's tariff plans.

Published on: February 06, 2025, 11:03 PM UTC

U.S. Trade Representative Nominee Faces Republican Questions on Trump Tariffs

Published on: February 06, 2025, 11:03 PM UTC

Skyworks Solutions (SWKS) stock plunges as Apple shifts to dual-source chips, causing a potential $600 million revenue loss in 2025.

Published on: February 06, 2025, 11:03 PM UTC

January jobs report expected to show hiring slowed, unemployment rate flat. Economists expect non-farm payrolls to increase by 170,000 and unemployment rate to hold at 4.1%.

Published on: February 06, 2025, 11:03 PM UTC

Wall Street confidence in Elon Musk and Twitter (X) is growing as banks sell $5.5 billion in debt from Musk's 2022 buyout at a premium. The demand signals a more optimistic view of X, which has benefited from Musk's recent actions in Washington, including support for Donald Trump and taking over the Department of Government Efficiency (DOGE).

Published on: February 06, 2025, 11:02 PM UTC

President Trump targets hedge fund managers' favored tax deduction, carried interest. The move could appeal to Democrats but faces skepticism from some Republicans. The hedge fund industry is expected to lobby against the change.

Published on: February 06, 2025, 11:02 PM UTC

US stocks traded mixed on Thursday as investors awaited Amazon's quarterly results, assessed the earnings season, and monitored President Trump's policy changes. The Dow Jones Industrial Average fell slightly, while the S&P 500 and Nasdaq Composite gained moderately, supported by tech and chip-related earnings. Investors were scrutinizing AI demand signals and incoming earnings for any company warnings, while Treasury Secretary Scott Bessent eased pressure on the Federal Reserve by suggesting Trump's aim to lower 10-year Treasury yields rather than push for lower interest rates. Amid inflation concerns, jobless claims rose slightly, providing clues for Fed decision-making. The earnings season continued with Amazon reporting mixed results, revealing challenges in the cloud segment, while Nvidia stock surged. Ford's muted guidance led to a decline in its shares, while Apple supplier Skyworks faced concerns over a competitor impact. Tariff threats on lumber raised concerns for builders' margins, while a prolonged job search period for Americans added to the labor market challenges. Shares of Salesforce and Honeywell declined due to management changes and a three-way split announcement, respectively. Arm and Qualcomm stocks fell as investors questioned the pace of AI-driven demand for their chips, while Tesla's stock extended losses amid concerns about CEO Elon Musk's political involvement. Peloton's strong sales results lifted its stock, while Honeywell's split into three companies weighed on its share price. The European markets also saw gains, with the FTSE 100 rising after the Bank of England's interest rate cut.

Published on: February 06, 2025, 11:02 PM UTC

Mohawk Industries (MHK) outperforms Q4 revenue expectations, but sales are flat year-over-year. Despite a 5.3% beat in non-GAAP EPS, the company's Q1 EPS guidance falls short of estimates. Get the full analysis in our research report.

Published on: February 06, 2025, 11:01 PM UTC

DeepSeek, a Chinese AI startup, has developed a model using less capital and inferior Nvidia chips, sending shockwaves through the stock market. JPMorgan identifies potential losers including Amphenol, Caterpillar, and Intel due to reduced training and inference costs, potentially shifting value to the application layer and infrastructure layer.

Published on: February 06, 2025, 11:00 PM UTC