Market

Qualcomm shares plunged 6% after reporting Q4 results, despite beating estimates. Analysts cite Huawei competition, Apple business loss, and handset revenue decline as reasons for the drop.

Published on: February 06, 2025, 09:00 PM UTC

The number of Americans collecting unemployment benefits remains high despite a low layoff environment. Economists say this shows it's becoming increasingly challenging for workers to find new jobs.

Published on: February 06, 2025, 08:03 PM UTC

Arm and Qualcomm stocks fell Thursday after their earnings outlooks indicated that AI is not yet driving significant demand for consumer devices with their chips. Arm reported in-line earnings but lowered its revenue outlook, while Qualcomm's smartphone revenue growth is expected to slow. Analysts remain cautious about an AI-driven demand cycle for smartphones.

Published on: February 06, 2025, 08:03 PM UTC

Mortgage rates trend down slightly amid market volatility and concerns over Trump administration's tariff plans.

Published on: February 06, 2025, 08:03 PM UTC

US Trade Representative Nominee Faces Republican Concerns Over Possible Impact of Tariffs on Rural States

Published on: February 06, 2025, 08:02 PM UTC

The January jobs report is expected to show that hiring slowed to start 2025, with non-farm payrolls rising by 170,000 and the unemployment rate holding steady at 4.1%. Economists say the report will likely send a positive signal about the health of the economy despite recent tariff concerns.

Published on: February 06, 2025, 08:02 PM UTC

Equities and bonds trade cautiously ahead of Amazon results, jobs data

Published on: February 06, 2025, 08:00 PM UTC

The Bank of England has signaled that more interest rate cuts are on the way, putting the UK economy on course to avoid falling into recession, experts say.

Published on: February 06, 2025, 08:00 PM UTC

As US unemployment claims remain high, experts note increasing difficulty in finding a job. Workers are remaining unemployed longer, with economists citing elevated continuing claims. Economists observe that it's taking longer for Americans, including college graduates, to secure employment post-layoff.

Published on: February 06, 2025, 07:02 PM UTC

Palantir Technologies (PLTR) stock surges 41% year-to-date, outperforming the tech-heavy Nasdaq Composite. Recent earnings reports show strong financial growth, including a 52% surge in US revenue and doubling of adjusted operating profits in 2024. Analysts' expectations for earnings per share in 2025 and 2026 have also been revised upward.

Published on: February 06, 2025, 07:02 PM UTC