Market

The Federal Reserve is expected to hold its benchmark interest rate steady at its January meeting. Fed Chair Powell will speak at a press conference after the announcement.

Published on: January 29, 2025, 02:01 PM UTC

US trade deficit widens sharply in December as businesses stockpile imports ahead of potential tariffs; trade likely dampens GDP growth in Q4

Published on: January 29, 2025, 02:00 PM UTC

ASML stock jumped 5% after the Dutch semiconductor equipment company reported better-than-expected earnings and dismissed concerns that DeepSeek's AI breakthrough would hurt demand for chips.

Published on: January 29, 2025, 02:00 PM UTC

General Dynamics (NYSE:GD) posts better-than-expected Q4 results, with 14.3% YoY revenue growth to $13.34B and a 2.4% EPS beat. Despite strong results, shares initially traded down due to potential uncertainties related to government spending in the defense sector. Read our full research report for in-depth analysis.

Published on: January 29, 2025, 01:09 PM UTC

US stocks mixed as ASML upbeat orders buoy chip stocks ahead of Big Tech earnings, Fed outcome.

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

Corning Inc. (GLW) reported better-than-expected Q4 earnings and revenue, driven by strong demand for its specialty glass products. Earnings were 57 cents per share, exceeding estimates of 56 cents, and revenue was $3.87 billion, topping forecasts of $3.77 billion. For the year, profit was $506 million or 58 cents per share, on revenue of $13.12 billion.

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

T-Mobile US reports Q4 net income of $2.98B, exceeding expectations with earnings of $2.57 per share and revenue of $21.87B.

Published on: January 29, 2025, 01:06 PM UTC

US stock futures surge amid tech earnings and Fed decision expectations, extending recovery from AI-driven rout. Nasdaq 100 futures gain 0.4%, while S&P 500 futures hold steady. Market focus on Microsoft, Meta, Tesla earnings for signs of weakness after DeepSeek AI model concerns. Fed rate decision and Powell's comments on inflation and potential trade tariffs awaited.

Published on: January 29, 2025, 01:06 PM UTC

Hess Corp. (HES) reported fourth-quarter net income of $542 million, surpassing Wall Street expectations. Revenue of $3.23 billion also topped Street forecasts. For the year, the company reported profit of $2.77 billion, or $8.98 per share.

Published on: January 29, 2025, 01:05 PM UTC

Private equity firm KKR has taken a 12% stake in Henry Schein, the world's largest distributor of medical products to dentists and doctors, and will work with the company to improve operations.

Published on: January 29, 2025, 01:05 PM UTC