Market

CMS Energy Corp. reported Q4 EPS of $0.87, exceeding the Street's estimate of $0.86. Revenue was $1.99B, below the Street's estimate of $2.14B. For the year, the company reported EPS of $3.33 and revenue of $7.52B. CMS Energy expects full-year EPS in the range of $3.54 to $3.60.

Published on: February 06, 2025, 12:07 PM UTC

Spectrum Brands reports Q1 net income of $23.5 million, surpassing analyst estimates. Earnings per share were $1.02, and revenue was $700.2 million, slightly below expectations.

Published on: February 06, 2025, 12:06 PM UTC

Advanced Drainage Systems (WMS) reported a Q3 net income of $81.2 million, or $1.04 per share, and adjusted earnings of $1.09 per share on revenue of $690.5 million.

Published on: February 06, 2025, 12:05 PM UTC

Ford CEO warns that Trump's tariffs would "wipe out" billions in industry profits and hurt US jobs. Auto industry accounts for 26% of imports from Mexico and 12% from Canada.

Published on: February 06, 2025, 12:04 PM UTC

Canada Goose misses estimates, shares drop on China woes

Published on: February 06, 2025, 12:04 PM UTC

Gold prices hit record highs as central banks and investors seek safe haven amid trade war concerns.

Published on: February 06, 2025, 12:03 PM UTC

President Trump's policies have focused on tariffs, immigration, and foreign aid, but voters want help with inflation, housing affordability, and insurance costs. Here are specific actions Trump could take to address these concerns.

Published on: February 06, 2025, 12:03 PM UTC

Filing taxes in the US versus Sweden is a stark contrast for Jens Peter de Pedro. In Sweden, he receives a pre-filled tax return from the government and can file it with a text message. In the US, his wife spends days on their taxes, and he finds the system complex and opaque. The US tax code's complexity contributes to many not claiming valuable tax credits. Experts attribute this to historical changes and social policies woven into the tax system. While other countries have streamlined taxes for regular employees, the US lags behind due to complexities like joint filing status, various credits/deductions, and catering to special interests. However, recent steps like the TCJA and the IRS's Direct File program have simplified the process for some. To move to a system like Sweden's, requiring government-populated tax returns and automatic tax calculations, legislative changes would be necessary.

Published on: February 06, 2025, 12:03 PM UTC

US stock futures rose amid earnings releases and updates on trade policy and interest rates. Amazon (AMZN), Eli Lilly (LLY), and others report earnings today. Investors await Amazon's results for insights on AI spending and the impact of tariffs.

Published on: February 06, 2025, 12:02 PM UTC

Ford's Q4 beats estimates, but muted guidance drives stock down after hours. Revenue up 5% YoY to $48.2B, EPS $0.39 vs $0.32 est. Company forecasts $7.0B-$8.5B in 2025 adjusted EBIT, below expectations.

Published on: February 06, 2025, 12:02 PM UTC