Tag: computer science

Asian stocks were mixed as markets assessed the impact of US-China tariffs. Japan's Nikkei slipped, while Australia's S&P/ASX rose, and China's Shanghai Composite lost ground.

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

US stock futures slipped Wednesday as investors monitored trade tensions between the US and China and digested corporate earnings.

Published on: February 05, 2025, 03:01 AM UTC

AMD beats earnings estimates, but shares fall 3.5% despite a stronger Q1 forecast. Rival Nvidia dominates sales of high-powered AI chips, while AMD battles a slowdown in PC sales.

Published on: February 05, 2025, 01:02 AM UTC

A 10% increase in consumer costs (comprising 2% of GDP) shouldn't harm the US economy. However, President Trump is imposing this tariff burden on American consumers at a time of heightened price sensitivity. Morning Consult's price sensitivity index shows that reluctance to pay higher prices has reached a record high. Trump's tariff policies worsen inflation concerns, despite his 2024 promise to lower prices. Analysis predicts that Trump's planned tariffs on Canada, Mexico, and China could cost families up to $2,600 annually.

Published on: February 05, 2025, 12:02 AM UTC

Simon Property Group, a commercial real estate investment trust (REIT), surpassed market expectations for its fourth-quarter funds from operations (FFO) with $3.68 per share, driven by steady leasing demand for its U.S. malls and premium outlets. Revenue grew across its businesses, and the company plans to open a premium outlet in Jakarta, Indonesia in March. Simon Property expects 2025 net income between $6.95 and $7.20 per share, exceeding analysts' estimates, and reported an occupancy rate of 96.5% with a 2.5% increase in base minimum rent per square foot.

Published on: February 05, 2025, 12:00 AM UTC

The first round of Chinese sanctions on US oil imports has had little impact, as the US has found other buyers for its crude. China's retaliatory tariffs on US oil have been easily absorbed by other refiners in Europe and Asia.

Published on: February 04, 2025, 09:03 PM UTC

In January 2023, La Liga clubs operated with a €20 million trade surplus, signifying a shift in the financial landscape as Premier League and Saudi Arabian clubs dominate the transfer market.

Published on: February 04, 2025, 08:01 PM UTC

Trump's 'Trump 2.0' approach to tariffs unleashes new uncertainties for Wall Street and corporate America. With higher duties, a broader range of consumer goods impacted, and unpredictable legal maneuvering, the economic effects of Trump's trade war 2.0 remain unclear.

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

Spotify Technology SA (SPOT) reported a Q4 profit of $391.5 million, missing analysts' expectations of $1.92 per share.

Published on: February 04, 2025, 12:07 PM UTC

Aramark Holdings Corp. (ARMK) reported fiscal first-quarter profit of $105.6 million, or 39 cents per share. Adjusted earnings were 51 cents per share, exceeding Wall Street expectations of 48 cents. Revenue of $4.55 billion fell short of estimates of $4.61 billion. Aramark shares have increased 3% YTD and 29% in the last 12 months.

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