Tag: culture

Tokyo household spending climbed 2.7% in December from a year earlier, the first increase in five months and much faster than the expected 0.5%.

Published on: February 07, 2025, 01:02 AM UTC

Principal Financial Group reports Q4 net income of $905.4 million, below expectations, but revenue of $4.75 billion tops forecasts.

Published on: February 06, 2025, 10:07 PM UTC

Ford CEO Jim Farley calls for fair tariffs, highlighting that Hyundai and Toyota import vehicles without tariffs while Ford faces them on imports from Mexico and Canada.

Published on: February 06, 2025, 04:00 PM UTC

Terex (TEX) posts better-than-expected Q4 revenue, but misses on EPS and EBITDA guidance. Despite upbeat revenue growth guidance for FY2025, the company faces margin pressure with operating margin declining to 4.3%. Analysts predict modest EPS growth over the next 12 months, while TEX's long-term sales and earnings performance remains solid.

Published on: February 06, 2025, 02:09 PM UTC

Cemex sees improving cement demand in the US, its largest market, after lower volumes dented sales in 2024. The company expects a boost in 2025 from transportation projects and manufacturing projects.

Published on: February 06, 2025, 01:00 PM UTC

The labor market is currently in a "broadly stable" state, with little turnover and a steady unemployment rate. However, economists are concerned that inflation could eventually lead to a downturn in the job market, as higher prices could weigh on consumer spending and businesses may be less likely to hire new employees.

Published on: February 06, 2025, 12:01 PM UTC

US stocks rebounded from losses on Wednesday to close higher, boosted by a jump in Nvidia shares. Earnings from Alphabet and AMD fell short, but Big Tech got a boost from Nvidia's rise. The tech-heavy Nasdaq rose 0.2%, while the S&P 500 added 0.4%. The Dow Jones Industrial Average led gains, rising 0.7%. Alphabet's stock fell due to missed cloud revenue estimates, while Nvidia benefited from potential AI spending by Alphabet. Treasury yields declined, with the 10-year Treasury yield dropping nine basis points. AMD's earnings raised concerns about AI momentum, and it saw a price drop of 6%. The US-China tariff trade, Trump's Gaza comments, and interest rate sensitive sectors led by real estate and utilities rounded out the market update.

Published on: February 06, 2025, 07:02 AM UTC

The Bank of Japan's hawk, Naoki Tamura, signals at least two rate hikes by early next year and says short-term rates should reach 1%.

Published on: February 06, 2025, 07:00 AM UTC

Zips Car Wash files for Chapter 11 bankruptcy, plans to hand over control to lenders amidst $1B+ in debt

Published on: February 06, 2025, 05:01 AM UTC

Globe Life Inc. (GL) announced Q4 profit of $255.2 million, topping analysts' expectations of $3.10 per share. Annual earnings reached $1.07 billion, with revenue of $5.8 billion.

Published on: February 05, 2025, 10:08 PM UTC