Market

Nextracker Inc. (NXT) reported fiscal third-quarter net income of $115.3 million, exceeding Wall Street expectations.

Published on: January 28, 2025, 10:08 PM UTC

Merchants Bancorp reports Q4 profit of $95.7 million, beating Wall Street estimates. Revenue of $380.5 million also tops expectations, driven by strong net interest income.

Published on: January 28, 2025, 10:08 PM UTC

Tech stocks rebounded on Tuesday, helping U.S. indexes gain ground after a decline on Monday. The S&P 500 rose 0.9%, the Dow Jones Industrial Average added 0.3%, and the Nasdaq composite rallied 2%. Nvidia, a major player in artificial intelligence, climbed nearly 9%. Treasury yields remained relatively stable ahead of the Federal Reserve's interest rate announcement on Wednesday.

Published on: January 28, 2025, 10:08 PM UTC

Hanmi Financial Corp. reported fourth-quarter profit of $17.7 million, exceeding Wall Street expectations. Revenue was $107.5 million, while net income was $60.8 million. For the year, the company reported profit of $62.2 million, or $2.05 per share, on revenue of $234.4 million.

Published on: January 28, 2025, 10:08 PM UTC

F5 Networks beats revenue estimates and forecasts strong demand for cloud services, driving shares up 13% in extended trading.

Published on: January 28, 2025, 10:07 PM UTC

Nextracker (NXT) Q4 Results: Revenue Beat, EPS Surges 74%, Guidance Raised

Published on: January 28, 2025, 10:04 PM UTC

The US dollar rallies again on tariff talk, showing its strength in this environment. Trump's promise of "much bigger" tariffs and the recent market wobble related to AI contribute to demand for the world's reserve currency.

Published on: January 28, 2025, 10:04 PM UTC

Tech stocks rise after selloff as investors await earnings and Fed decision. S&P 500 up 1%, Nasdaq 100 up 1.6%. NVIDIA and Microsoft lead gains, while most US equities fall. Investors eye Fed meeting for inflation signals, expect muted market reaction. Boeing optimistic on production target, JetBlue tumbles on cost concerns. Dip-buyers enter tech ETFs despite AI concerns.

Published on: January 28, 2025, 10:04 PM UTC

OpenAI unveils ChatGPT Gov, tailoring its AI chatbot technology for US government agencies, aiming to enhance access and security while advancing American tech leadership.

Published on: January 28, 2025, 10:03 PM UTC

Microsoft's second quarter earnings report looms, with analysts forecasting $3.13 EPS on $68.8 billion revenue. Key metrics include Commercial Cloud revenue, expected at $41.1 billion, and intelligent cloud revenue, estimated at $25.8 billion. Amidst AI industry shifts, Microsoft aims to showcase AI revenue growth and justify infrastructure investments.

Published on: January 28, 2025, 10:03 PM UTC