Market

Howard Lutnick, Trump's pick for Commerce secretary, advocates for broad tariffs as a means to address economic issues, including protecting the US's AI lead. Amidst a Feb. 1 deadline for potential tariffs on Canada, Mexico, and China, Lutnick emphasizes the importance of country-by-country, macro-level tariffs over targeted duties and exclusions.

Published on: January 29, 2025, 08:02 PM UTC

Intel earnings: Chipmaker to report Q4 results after the bell on Thursday; revenue to fall 10%, with PC business, data center under pressure due to weak PC market

Published on: January 29, 2025, 08:02 PM UTC

Nvidia (NVDA) stock falls 6% after Bloomberg reports new US chip sale restrictions to China are being considered.

Published on: January 29, 2025, 08:02 PM UTC

Stay tuned for the latest updates on the Federal Reserve's interest rate decision and its impact on the stock market. Tech stocks led the market lower on Wednesday as investors digested the Fed's decision and awaited quarterly results from Big Tech companies.

Published on: January 29, 2025, 08:01 PM UTC

Chinese AI startup DeepSeek's release of a new AI model has shaken up the tech industry, challenging OpenAI's dominance and sparking a recovery in AI-related stocks.

Published on: January 29, 2025, 08:01 PM UTC

The Federal Reserve held interest rates steady, signaling a cautious approach amid concerns about elevated inflation. Economic growth and the labor market remain strong, but further easing may be delayed until inflation moves closer to the Fed's 2% target. Investors should monitor the press conference for insights into the Fed's outlook and potential impact of fiscal policies.

Published on: January 29, 2025, 08:00 PM UTC

Treasury yields continue to climb as investors anticipate larger deficits due to Trump's policies. Should you buy bonds now? Consider factors such as term premium and potential impacts of Trump's actions.

Published on: January 29, 2025, 08:00 PM UTC

More car owners are upside down on their auto loans than ever, due to price hikes during an inventory shortage four years ago. Dealers are now helping customers overcome negative equity, as vehicle prices cool off and inventory stabilizes.

Published on: January 29, 2025, 07:05 PM UTC

Penns Woods Bancorp Inc. (PWOD) reported fourth-quarter net income of $3.7 million, with earnings per share of 49 cents. Adjusted for non-recurring costs, earnings were 57 cents per share. Revenue was $31 million, with net interest income of $18.3 million. For the year, the company reported profit of $17.7 million or $2.35 per share, with revenue of $68.5 million.

Published on: January 29, 2025, 07:05 PM UTC

Apple set to announce first quarter earnings amid concerns over iPhone sales and Apple Intelligence platform performance.

Published on: January 29, 2025, 07:04 PM UTC