Tag: adventure

Regeneron Pharmaceuticals reported fourth-quarter net income of $917.7 million, beating Wall Street expectations. Adjusted earnings were $12.07 per share, revenue was $3.79 billion.

Published on: February 04, 2025, 12:05 PM UTC

Intel faces challenges in regaining past glory amid industry advancements, according to Bill Gates. Despite efforts to revamp under former CEO Gelsinger, the chipmaker faces competition from Taiwan Semiconductor and Samsung in the foundry business. Intel's financial performance has suffered, with a 55% stock decline in the past year, prompting analysts to suggest exiting the foundry business.

Published on: February 04, 2025, 12:04 PM UTC

US stocks fell Monday after the Trump administration's tariff rollout against Canada and China, but the major market losses were pared after President Donald Trump said the US would delay duties on Mexican imports for a month. The tech-heavy Nasdaq Composite (^IXIC) closed down 1.2%, recouping some of its earlier losses. Meanwhile, the S&P 500 (^GSPC) fell roughly 0.7%, and the Dow Jones Industrial Average (^DJI) fell 0.3%. Consumer discretionary (XLY) stocks, which includes automakers, were hit over fears of tariff impacts. Tech (XLK) also lagged as shares of AI chip giant Nvidia (NVDA), iPhone maker Apple (AAPL), and EV manufacturer Tesla (TSLA) all fell over 2.5%.

Published on: February 04, 2025, 12:03 PM UTC

Home furnishings stocks' Q3 earnings review: Lovesac, La-Z-Boy, Leggett & Platt, Mohawk Industries, and Tempur Sealy. Q3 revenue misses for most companies while guidance remains in line. Lovesac has weakest results with 32% stock drop since reporting. La-Z-Boy sees highest growth and analyst beat, with a 7% stock rise.

Published on: February 04, 2025, 11:04 AM UTC

Automaker stocks fell Monday after President Trump's tariffs on Canada and Mexico. GM, Ford, Stellantis, Toyota, and Honda all closed down at least 2%, while Tesla fell 5.2%. The tariffs could raise prices for US-built automobiles by $3,000, according to TD Economics.

Published on: February 04, 2025, 11:02 AM UTC

Job cuts are continuing into 2025, with companies like Meta, Microsoft, BlackRock, and Salesforce laying off employees. The reasons for these layoffs vary, but many companies are citing cost-cutting and technological changes as factors. Some companies are also announcing hiring plans in areas of growth, such as AI and data science.

Published on: February 04, 2025, 11:01 AM UTC

Nintendo cuts Switch sales forecast, leaving investors hungry for more

Published on: February 04, 2025, 09:04 AM UTC

China has imposed retaliatory tariffs on a range of US products after the US raised tariffs on Chinese goods. The new tariffs will take effect on February 10, 2025.

Published on: February 04, 2025, 09:04 AM UTC

President Trump's 10% tariffs on Chinese goods, including electronics, are in effect, with Apple facing the highest risk and chip companies being cautiously optimistic.

Published on: February 04, 2025, 09:02 AM UTC

Volvo Cars' sales dropped 5% in January to 50,820 cars, primarily due to the timing of the Chinese New Year. Electrified car sales surged 17%, accounting for 44% of total sales.

Published on: February 04, 2025, 09:01 AM UTC