Market

TPG RE Finance Trust Inc. (TRTX) reported fourth-quarter net income of $10.7 million, missing Wall Street expectations. Adjusted earnings were 10 cents per share, below the consensus estimate of 28 cents. Revenue came in at $79.1 million, while adjusted revenue was $34.7 million. For the year, the company reported profit of $74.3 million, or 75 cents per share, on revenue of $153.1 million.

Published on: February 18, 2025, 11:05 PM UTC

Michael Saylor's Strategy plans to offer $2 billion of convertible debt to fund further Bitcoin purchases.

Published on: February 18, 2025, 11:05 PM UTC

Benchmark prices for diesel continue to rise, with the latest increase driven by anticipation of potential tariffs on Canadian oil imports. The impact of these tariffs would be most significant in the Upper Midwest (PADD2), where a significant portion of crude imports come from Canada. However, market dynamics and the lack of infrastructure to redirect oil supplies may limit the price impact in other regions. Meanwhile, the ongoing production cuts by the OPEC+ group contribute to the overall upward trend in oil prices.

Published on: February 18, 2025, 11:04 PM UTC

Intel stock surged 16% Tuesday on reports that Broadcom and TSMC may explore potential deals to split the company into two.

Published on: February 18, 2025, 11:02 PM UTC

The US is reviewing Chevron's ability to continue exporting crude from Venezuela, President Donald Trump said, signaling an openness to tighter restraints on the oil giant's operations in the South American country.

Published on: February 18, 2025, 11:01 PM UTC

Chipmakers rally drives US stocks higher; geopolitical hopes rise

Published on: February 18, 2025, 11:01 PM UTC

The Andersons Inc. (ANDE) reported fourth-quarter profit of $45.1 million. On a per-share basis, the Maumee, Ohio-based company said it had profit of $1.31.

Published on: February 18, 2025, 10:09 PM UTC

President Trump will levy 25% tariffs on automobiles starting April 2, and pharmaceutical and semiconductor chips will also likely be subject to 25% tariffs in April

Published on: February 18, 2025, 10:09 PM UTC

Arista Networks Inc. (ANET) reported $801 million in fourth-quarter net income, exceeding Wall Street expectations. The company's revenue of $1.93 billion also surpassed estimates.

Published on: February 18, 2025, 10:07 PM UTC

Flowserve Corp. (FLS) reported fourth-quarter profit of $77.5 million. Adjusted earnings per share were 70 cents, below estimates. Revenue was $1.18 billion, also missing forecasts. For the year, the company reported profit of $282.8 million, or $2.14 per share, on revenue of $4.56 billion.

Published on: February 18, 2025, 10:07 PM UTC