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Dime Community Bancshares reports Q4 loss of $20.4 million, missing expectations. Revenue topped forecasts.
Published on: January 23, 2025, 01:06 PM UTC
Despite Ethereum's initial promise as the top cryptocurrency challenger to Bitcoin, it has recently struggled to keep pace. Founder Vitalik Buterin and the Ethereum Foundation are backing a startup aiming to promote Ether as the preferred cryptocurrency for Wall Street, highlighting its potential for financial transactions and institutional use.
Published on: January 23, 2025, 01:04 PM UTC
JPMorgan Downgrades Panama Bonds on Trump's Canal Threats
Published on: January 23, 2025, 01:04 PM UTC
Retail CEOs prepare for potential price hikes and supply chain disruptions as President Trump reimposes tariffs on China and threatens duties on Mexico and Canada.
Published on: January 23, 2025, 01:04 PM UTC
Netflix stock surged nearly 10% after reporting a record 18.9 million new users in Q4, beating estimates. Revenue and earnings also exceeded expectations, with strong gains attributed to live events, price increases, and advertising revenue. The company announced a $15 billion stock buyback and raised its full-year revenue outlook.
Published on: January 23, 2025, 01:02 PM UTC
Cisco CEO Chuck Robbins stresses the importance of US-China cooperation and tax cuts. Despite a challenging year, Cisco's stock outperforms rivals, with optimism about AI infrastructure driving growth.
Published on: January 23, 2025, 01:02 PM UTC
US stocks slipped ahead of the open Thursday as AI optimism faded and markets awaited details on President Trump's tariff plans. Nasdaq futures fell 0.5%, with tech stocks struggling. Dow futures were flat, while S&P 500 futures slipped 0.2%. Investors await Trump's speech at Davos for more insight into his trade policy.
Published on: January 23, 2025, 01:01 PM UTC
US stocks took a breather on Thursday, stalling a three-day rally following optimism over artificial intelligence and earnings from corporate heavyweights.
Published on: January 23, 2025, 01:01 PM UTC
TriCo Bancshares (TCBK) reported fourth-quarter net income of $29 million, exceeding Wall Street expectations. For the year, the company reported profit of $114.9 million, or $3.46 per share, on revenue of $395.8 million.
Published on: January 23, 2025, 12:05 PM UTC
Turkey’s central bank lowers its one-week repo rate to 45%, dropping monthly inflation as a key policy gauge. The move aims to support economic growth while managing excess liquidity and inflation expectations.
Published on: January 23, 2025, 12:05 PM UTC