Market

The first round of Chinese sanctions on US oil imports has had little impact, as the US has found other buyers for its crude. China's retaliatory tariffs on US oil have been easily absorbed by other refiners in Europe and Asia.

Published on: February 04, 2025, 09:03 PM UTC

Job openings fell to 7.6 million in December, the lowest level since September, as investors monitor labor market indicators.

Published on: February 04, 2025, 09:03 PM UTC

BofA analyst Vivek Arya reiterates Nvidia (NVDA) as his top pick for 2025, despite a recent sell-off. His $190 price target implies 57% upside potential, based on expectations of strong data center sales growth and positive sentiment at the upcoming GTC conference.

Published on: February 04, 2025, 09:03 PM UTC

Ferrari stock surged after the luxury automaker reported better-than-expected results and guidance, driven by strong sales of its high-margin vehicles and a growing demand for personalization. Despite headwinds in China, Ferrari's well-heeled clientele and long waitlist support its growth prospects. The company also announced plans to unveil its first EV at its Capital Markets day on October 9th.

Published on: February 04, 2025, 09:03 PM UTC

Fox enters streaming race targeting 'cord-cutters' with new direct-to-consumer service launching later this year.

Published on: February 04, 2025, 09:02 PM UTC

The Commodity Futures Trading Commission (CFTC) has requested Robinhood (HOOD) to "not permit customers to access" sports event contracts. Robinhood had announced the launch of event contracts for Super Bowl LIX but has now suspended the rollout. Shares of Robinhood gained 1% despite the news.

Published on: February 04, 2025, 09:02 PM UTC

US stocks climbed higher on Tuesday, buoyed by a strong showing from technology companies, as investors assessed the ongoing trade tensions between the US and China. The Dow Jones Industrial Average gained 0.3%, the S&P 500 rose 0.7%, and the Nasdaq Composite jumped 1.3%. Tech giants Apple, Amazon, Microsoft, and Alphabet all contributed to the gains, while chipmaker Nvidia surged after reporting better-than-expected earnings. The positive market sentiment was also supported by optimism surrounding a potential trade deal between the US and China, with President Donald Trump hinting at a "great deal" in the works.

Published on: February 04, 2025, 09:02 PM UTC

Disney (DIS) reports Q1 earnings before the bell Wednesday. Analysts expect $1.42 EPS and $24.57B in revenue. The parks business faces uncertainty due to hurricanes, but revenue is set to grow. Streaming profitability is in focus as Disney targets $875M in profits for FY25.

Published on: February 04, 2025, 09:01 PM UTC

Tesla sales decline in Europe and the US, impacted by increased competition and public opinion concerns surrounding CEO Elon Musk's political involvements and controversial statements.

Published on: February 04, 2025, 09:01 PM UTC

Archer-Daniels-Midland slashes costs and cuts staff amid commodity downturn, trade war uncertainty. The company forecasts a possible third straight annual earnings drop in 2025.

Published on: February 04, 2025, 09:00 PM UTC