Tag: backpacking

Mercury General Corporation (MCY) reported fourth-quarter profit of $101.1 million, or $1.82 per share, and full-year profit of $468 million, or $8.45 per share. The auto insurance company posted revenue of $1.37 billion in the quarter and $5.39 billion for the year.

Published on: February 11, 2025, 10:07 PM UTC

U.S. stocks open lower as investors await Trump's tariff policies and Powell's testimony on inflation. Gold hits a fresh record amid uncertainty, while earnings from Coca-Cola and Shopify are in focus.

Published on: February 11, 2025, 03:01 PM UTC

Reciprocal tariffs, a key focus for President Trump, could significantly impact global trading relationships. With some allies having high tariffs, Trump aims to balance trade imbalances. However, other nations may argue for lower US tariffs, as the US currently has average tariff levels compared to industrialized nations. Implementation challenges and potential delays at US ports of entry also raise concerns.

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

Elon Musk, who plans to turn his company X into a digital payments platform, appears to be dismantling the agency overseeing that sector. The Trump administration has ordered a halt to work at the CFPB, which regulates large banks, mortgage lenders, student loan servicers, and online payment apps. Musk has supported this move, tweeting "CFPB RIP" and calling for its closure. The agency has also clashed with Silicon Valley, leading to calls for its dismantling. Critics worry that this move will benefit Musk by freeing his company X from government scrutiny.

Published on: February 11, 2025, 08:01 AM UTC

French luxury conglomerate Kering reports 12% decline in 4th quarter sales, driven by Gucci's weakness, with CEO Francois-Henri Pinault seeing signs of stabilization for gradual growth.

Published on: February 11, 2025, 07:00 AM UTC

Battery giant CATL plans to file for a $5B Hong Kong listing this week, marking one of the city's largest in the past three years.

Published on: February 11, 2025, 04:00 AM UTC

Metaplanet Inc. has soared 4,800% in the past year, leveraging Bitcoin's surge amid a pro-crypto US regulatory environment under Donald Trump. Investors are drawn to the stock's exposure to Bitcoin and its potential growth as a Bitcoin-first strategy hotel developer.

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

SPS Commerce Q4 earnings beat expectations, with EPS of $0.89 and revenue of $170.9 million. For the full year, the company reported profit of $77.1 million, or $2.04 per share, on revenue of $637.8 million.

Published on: February 10, 2025, 10:06 PM UTC

Billionaire Elon Musk suggests closer scrutiny of the Federal Reserve in the wake of Fed Chair Jerome Powell's upcoming testimony on Capitol Hill. Musk argues for transparency and accountability in all aspects of government, including the Fed.

Published on: February 10, 2025, 09:03 PM UTC

Activist hedge fund Elliott Management takes stake in BP, sending shares surging 8%. Known for pushing for change, Elliott could seek to split BP's oil and gas unit and alter management.

Published on: February 10, 2025, 07:00 PM UTC