Tag: blog

Mortgage rates fell slightly this week as markets digested the Trump administration's tariff plans. 30-year rates averaged 6.89%, down from 6.95% last week. 15-year rates fell to 6.05% from 6.12%.

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

Contact lens maker Bausch + Lomb will not be taken private after exploring a potential sale and other options to exit the eye-care company.

Published on: February 06, 2025, 01:09 PM UTC

US stock index futures wavered as Qualcomm and Ford Motor Co. slumped in premarket trading after disappointing earnings. S&P 500 futures were little changed after erasing an early gain.

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

Acadian Asset Management reports Q4 net income of $42.5 million, adj. EPS of $1.30, and revenue of $167.8 million. For the year, profit was $85 million, or $2.22 per share, while revenue was $505.6 million. More at Zacks.com: https://www.zacks.com/ap/AAMI

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

Haemonetics Corp. reported fiscal third-quarter net income of $37.5 million, or 74 cents per share. Adjusted earnings were $1.19 per share, meeting Wall Street expectations. Revenue was $348.5 million.

Published on: February 06, 2025, 12:07 PM UTC

Filing taxes in the US is more complex than in many other developed countries, with Americans spending an average of 13 hours and $270 to file a basic federal tax form. The complexity arises from the 4 million-word tax code, various credits and deductions, and a reliance on third-party preparers for self-employed individuals. Recent efforts to simplify the process include doubling the standard deduction and expanding the IRS's Direct File program, but the US still lags behind countries like Sweden that provide pre-populated tax returns.

Published on: February 06, 2025, 11:02 AM UTC

Ford beats Q4 estimates but issues muted FY23 guidance, citing headwinds, expects losses in Model e to persist in 2025, and calls for comprehensive tariff policy.

Published on: February 06, 2025, 10:01 AM UTC

The Trump administration's move to stop low-cost imports from entering the U.S. tariff-free will likely hit fast-fashion retailer Shein harder than online dollar store Temu. Both sites have expanded rapidly in the U.S. in recent years due to a loophole that exempted shipments worth less than $800 from import duties. However, Temu has been quicker to adapt its shipping strategy and diversify its product offerings.

Published on: February 06, 2025, 09:00 AM UTC

The fate of a $4 billion settlement for victims of Maui's historic 2023 wildfire hangs in the balance as Hawaii's Supreme Court examines insurance companies' demands for the right to pursue defendants separately.

Published on: February 06, 2025, 07:04 AM UTC

Cognizant Technology Solutions forecasts annual revenue below estimates amid uncertainty over rate cuts and immigration policies. Read for insights on Q4 results and 2025 projections.

Published on: February 06, 2025, 12:04 AM UTC