Tag: culture

Packaging Corp. of America (PKG) reported Q4 EPS of $2.45, missing the Zacks Consensus Estimate of $2.51. The company reported revenue of $2.15 billion, exceeding the consensus of $2.13 billion.

Published on: January 28, 2025, 10:06 PM UTC

RenaissanceRe reports a Q4 loss of $189.7 million, or $3.95 per share, but beats Wall Street expectations. Full-year profit was $1.87 billion, or $35.21 per share, on revenue of $11.75 billion.

Published on: January 28, 2025, 10:05 PM UTC

This week, Donald Trump's administration has sent mixed messages about the future of tariffs, confusing markets and businesses. Despite the upcoming Feb. 1 deadline, the administration has not clarified the level or extent of tariffs that will be implemented. Confusion has arisen from contradictory statements made by Trump and his aides, with Trump often rejecting the plans proposed by his closest advisors. The uncertainty has caused concern among businesses, as they plan for the potential economic impact.

Published on: January 28, 2025, 07:05 PM UTC

GM posted revenue of $47.70 billion in Q4, with EPS of $1.92. Full-year profit came in at the high end of its range, but challenges remain due to potential new White House regulations and the loss of federal EV tax credits.

Published on: January 28, 2025, 07:03 PM UTC

Smithfield Foods' muted IPO debut, valued at $8.1 billion, reflects investor caution despite Trump's pro-business policies. Concerns about interest rates, inflation, and trade risks have tempered valuation expectations for even established companies like Smithfield.

Published on: January 28, 2025, 06:00 PM UTC

Russia is sending sanctioned oil to India on blacklisted tankers, testing Moscow's ability to evade US sanctions. Five shipments of Arctic oil are en route to India on US-listed tankers, while two Pacific cargoes may also be headed there. Despite these measures, Russia's crude flows have not shown a clear decline, with a four-week average of shipments remaining relatively stable. However, sanctions are impacting the country's export routes, with Baltic port flows declining while Pacific and Arctic shipments increase.

Published on: January 28, 2025, 04:05 PM UTC

Japanese company Metaplanet plans to raise $745 million to purchase 21,000 BTC by 2026, making it the largest equity funding in Asia for Bitcoin acquisition.

Published on: January 28, 2025, 03:05 PM UTC

GM CEO Mary Barra discusses tariffs with President Trump, highlighting the potential impact on the auto industry and the need for a balanced approach to trade relationships.

Published on: January 28, 2025, 02:02 PM UTC

Tesla's recent downturn may be temporary, as analysts remain optimistic about its AI potential. Piper Sandler and Wedbush have raised their price targets, citing the company's autonomous and artificial intelligence capabilities. Tesla is also seen as benefiting from the Biden administration's focus on clean energy and technology.

Published on: January 27, 2025, 01:03 PM UTC

Crude oil futures surge as investors hedge against inflation risk amid potential tariffs

Published on: January 27, 2025, 10:00 AM UTC