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Mexico says U.S. steel and aluminum tariffs unjustified due to trade surplus with U.S.

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

The US labor market remains resilient, with unemployment at a eight-month low, wages growing, and job gains revised higher. This suggests the Federal Reserve is unlikely to cut interest rates in the near term.

Published on: February 07, 2025, 09:01 PM UTC

Treasury Secretary Scott Bessent vets Treasury employee on Musk's government efficiency team, assures no data tampering. Bessent expresses confidence in Musk's team's abilities, highlighting their professionalism and potential cost savings.

Published on: February 07, 2025, 06:01 PM UTC

President Trump eyes ending a favorite deduction for hedge fund managers, including the "carried interest tax deduction loophole." This move could face strong opposition from the hedge fund industry and some GOP colleagues, but Democrats have long advocated for its elimination.

Published on: February 07, 2025, 07:02 AM UTC

Japan should monitor the impact of rising foreign market volatility and the Bank of Japan's interest rate hikes on its financial system, the IMF says.

Published on: February 07, 2025, 02:00 AM UTC

Ride-sharing giant Uber's shares plunged 7.24% after reporting weak Q4 results, including missed gross booking guidance. However, the company added more users than expected, leading to revenue growth. Despite a mixed quarter, Uber remains bullish with a share repurchase program and strong financial outlook, including mid-to-high teen gross bookings growth over the next three years.

Published on: February 05, 2025, 07:06 PM UTC

Snap (SNAP) stock fell 7.1% after reporting mixed Q4 results. DAUs grew 9% to 453 million, while revenue met expectations and earnings/EBITDA exceeded them. Despite the positive metrics, the market sold off SNAP, leading analysts to downgrade the stock. Its volatility and the potential impact of a US TikTok ban make it a challenging investment. However, given the stock's 38.1% decline from its 52-week high, it may present a buying opportunity. Access our free analysis report for an in-depth look at SNAP's prospects.

Published on: February 05, 2025, 07:06 PM UTC

Alphabet's revenue falls short of expectations due to slow cloud growth, despite planned capital expenditures of $75 billion in 2025. Competition in AI intensifies as Chinese startup DeepSeek raises concerns about Google's advantages.

Published on: February 05, 2025, 12:07 PM UTC

US stocks rose on Tuesday, led by Big Tech companies, as investors assessed China's immediate retaliation to President Trump's additional tariffs and the potential risks of a trade war. Traders also considered new jobs data, which showed a larger-than-expected decline in job openings in December. Investors continue to watch for signs of a cooling labor market as the Federal Reserve considers future interest rate cuts amid persistent inflation.

Published on: February 05, 2025, 09:02 AM UTC

Shares of vaccine-makers and food companies fell after President Trump's nominee for health secretary, Robert F. Kennedy, Jr., who has voiced concerns about vaccine safety and called out unhealthy ingredients in packaged foods, moved closer to confirmation.

Published on: February 04, 2025, 05:00 PM UTC