Market

Shares of Tesla (TSLA) jumped 6.5% after the company reported Q4 financial results, reiterating plans to launch its unsupervised full self-driving (FSD) and Robotaxi businesses later this year. Despite revenue and operating income falling short of estimates, the market remains bullish, valuing Tesla's long-term vision.

Published on: January 30, 2025, 07:04 PM UTC

Shares of Malibu Boats (NASDAQ:MBUU) jumped 9.3% in the morning session after the company reported strong fourth-quarter results. Access our full analysis report here, it’s free.

Published on: January 30, 2025, 07:04 PM UTC

The US economy's growth in the fourth quarter was slower than expected at 2.3% annualized pace. Consumer and government spending increased, while investment declined. The core PCE index rose by 2.5%. The Fed remains cautious about adjusting interest rates despite the strong economy and elevated inflation.

Published on: January 30, 2025, 07:03 PM UTC

Tesla Pledges Return to Growth in 2025 Amidst Disappointing Q4 Results: EV Maker Eyes FSD Expansion and New Models

Published on: January 30, 2025, 07:02 PM UTC

Housing contract activity slowed in December as higher mortgage rates cool buyer demand, according to the National Association of Realtors.

Published on: January 30, 2025, 07:02 PM UTC

Comcast stock dropped after reporting a bigger-than-expected decline in broadband subscribers and failing to gain Peacock subscribers. Despite these setbacks, the company remains committed to its connectivity business and announced strategic changes to enhance its offerings in the face of competition from mobile providers.

Published on: January 30, 2025, 07:02 PM UTC

Mortgage rates have remained stable despite recent stock market volatility, with the 30-year rate staying at 6.95%. Despite lower rates for 15-year mortgages, affordability challenges persist for homebuyers, leading to a decrease in housing contract activity.

Published on: January 30, 2025, 07:01 PM UTC

A new GDP report and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates. The fourth quarter GDP report released Thursday provided some evidence that the US economy capped off a surprisingly strong year in 2024. However, inflation remains a concern for Fed policymakers, with readings still above the Fed’s 2% target. A new inflation report due out Friday may not do much to alleviate those concerns.

Published on: January 30, 2025, 07:01 PM UTC

Microsoft shares fell 6.3% on disappointing Q4 results, missing Azure revenue expectations and guiding cautiously. While the company narrowly beat revenue estimates overall, concerns remain around capex, GenAI's impact, and the OpenAI relationship. Despite the stock's volatility, DeepSeek's AI advancements challenge industry assumptions, suggesting innovation is not solely driven by budget. Microsoft remains down 11.2% from its 52-week high.

Published on: January 30, 2025, 07:01 PM UTC

Parker-Hannifin (PH) stock jumped 6.2% after reporting strong Q4 results, beating EPS estimates despite revenue miss. Demand indicators improved, especially in Aerospace, and overall order rate increased. Read more to know why PH stock is up.

Published on: January 30, 2025, 07:00 PM UTC