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Salesforce CEO Marc Benioff says Microsoft's Copilot is a "repackaged ChatGPT" and that the notion of business applications will collapse in the agent era.
Published on: January 23, 2025, 12:03 AM UTC
Netflix stock soars to all-time high after Q4 earnings beat expectations, adding 18.9 million subscribers. Revenue and EPS also exceed estimates, driving stock price up nearly 10%. Company announces $15 billion stock buyback and boosts full-year revenue outlook.
Published on: January 23, 2025, 12:02 AM UTC
A 25% tariff on China would hurt Ralph Lauren, but CEO Patrice Louvet says the company can manage it. Tariffs could impact apparel companies, but stocks have shrugged off concerns.
Published on: January 23, 2025, 12:01 AM UTC
South Korea's economy grew a mere 0.1% in Q4 2024, below expectations, as the political crisis hurt domestic demand. GDP rose 1.2% annually in Q4 and 2.0% in 2024.
Published on: January 23, 2025, 12:01 AM UTC
JPMorgan CEO Jamie Dimon warns that stocks are overvalued, citing inflation risks and geopolitical tensions. Concerns echo Goldman Sachs' warning that the market is "priced for perfection."
Published on: January 23, 2025, 12:01 AM UTC
SK Hynix reports record quarterly profit on strong demand for advanced memory chips used in datacenters and AI development. The company remains the leading supplier of HBM chips to Nvidia, benefiting from the AI-fueled datacenter spending spree by Big Tech companies.
Published on: January 23, 2025, 12:00 AM UTC
Fortescue's iron ore shipments rose 1% in the last quarter, adding to concerns about oversupply as Chinese demand wanes. The miner exported 49.4 million tons in the three months to end-December, retaining full-year shipment guidance of 190-200 million tons.
Published on: January 23, 2025, 12:00 AM UTC
Oil prices dip after industry report shows first increase in US crude stockpiles since November, while market awaits further action on global trade from President Trump.
Published on: January 23, 2025, 12:00 AM UTC
Discover Financial reports a surge in Q4 profit, boosted by lower credit loss provisions and higher interest income. The company's results reflect optimism in the economy despite a potential soft landing scenario.
Published on: January 22, 2025, 11:04 PM UTC
Japanese retail investors' appetite for overseas equities is weighing on the yen, exacerbating downside risks from tariffs and interest rate differentials.
Published on: January 22, 2025, 11:03 PM UTC