Tag: budget

Dow Jones, S&P 500 and Nasdaq futures were subdued Friday as investors awaited key January jobs report and Amazon shares fell on weak forecasts and cloud computing unit.

Published on: February 07, 2025, 11:01 AM UTC

Elon Musk's unpopular government efficiency mission has sparked controversy and dwindling support, with polls showing a decline in his influence over the Trump administration. Steve Bannon, a Trump adviser, has labeled Musk "evil" and aims to distance him from the president.

Published on: February 07, 2025, 01:01 AM UTC

In a meeting with Republican lawmakers, President Trump discussed tax cuts and his aim to eliminate the carried interest tax deduction, targeting hedge fund managers. While some Democrats support this move, skepticism exists among Republicans and industry lobbyists.

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

Ford's Q4 earnings beat estimates, but muted guidance and tariff concerns weigh on stock. Revenue and adjusted EPS topped expectations, but the company sees lower profit and cash flow in 2025 due to market headwinds and potential tariffs.

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

Despite uneven earnings reports from tech giants like Microsoft, Meta, Apple, and Google, Wall Street remains optimistic about the long-term potential of AI. Nvidia, a key player in the AI sector, is expected to report earnings on February 26th.

Published on: February 05, 2025, 11:02 PM UTC

Tesla (TSLA) shares fell 3.6% after reports showed a ~60% decline in Jan 2025 sales in Germany, adding to concerns from similar weakness in Sweden and Norway.

Published on: February 05, 2025, 09:01 PM UTC

A 10% spike in consumer goods prices may not impact the US economy significantly. However, President Trump's tariffs are imposing this burden on consumers at a time when they are highly price-sensitive.

Published on: February 05, 2025, 10:02 AM UTC

Xiaomi's luxury electric car SU7 Ultra to launch in February with a sales target of 10,000 units.

Published on: February 05, 2025, 06:00 AM UTC

US stocks climbed higher on Tuesday, buoyed by a strong showing from technology companies, as investors assessed the ongoing trade tensions between the US and China. The Dow Jones Industrial Average gained 0.3%, the S&P 500 rose 0.7%, and the Nasdaq Composite jumped 1.3%. Tech giants Apple, Amazon, Microsoft, and Alphabet all contributed to the gains, while chipmaker Nvidia surged after reporting better-than-expected earnings. The positive market sentiment was also supported by optimism surrounding a potential trade deal between the US and China, with President Donald Trump hinting at a "great deal" in the works.

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

J&J Snack Foods (JJSF) shares dropped 11.1% premarket after the company reported underwhelming Q4 results. Gross margin missed estimates, leading to an EPS shortfall. Read more on JJSF's performance and market impact.

Published on: February 04, 2025, 06:04 PM UTC