Tag: current events

Hims & Hers (HIMS) stock plunged 26% on Tuesday despite a better-than-expected Q4 report, as investors worry about potential revenue loss from discontinued compounded weight-loss drugs. CFO Yemi Okupe downplayed these concerns, highlighting the company's diversified revenue stream and strong outlook for 2024, but Wall Street remains cautious amid industry-wide changes in semaglutide availability.

Published on: February 25, 2025, 05:01 PM UTC

Reddit stock has plunged 23% since earnings, as Google Search traffic and regulatory scrutiny weigh on the social media platform. CEO Steve Huffman and his trust sold $70.5 million worth of shares this week.

Published on: February 21, 2025, 10:03 PM UTC

Reddit (RDDT) stock has lost 19% since earnings, despite recovering traffic from Google Search. CEO Steve Huffman sold $70.5 million worth of shares, the largest sale to date. The FTC is investigating Reddit's policies, and the stock is still up 220% from six months ago.

Published on: February 21, 2025, 06:03 PM UTC

Consumer sentiment dimmed in February with inflation expectations jumping to 4.3% from 3.3%, and long-run expectations reaching the highest in 28 years. Consumers anticipate price increases due to concerns over tariffs and trade policies.

Published on: February 21, 2025, 06:02 PM UTC

Stellantis' lawsuit against Autoliv and ZF/TRW for alleged cartel involvement in safety equipment pricing dismissed by London tribunal.

Published on: February 21, 2025, 03:00 PM UTC

Holcim introduces Amrize, its North American building materials company planned for a public listing in 2025. Amrize aims to drive innovation and growth in the construction industry.

Published on: February 21, 2025, 02:05 PM UTC

Natural gas is leading energy stocks higher, with the S&P 500 Energy ETF (XLE) up more than 7% year to date. Plains All American Pipeline (PAA), Baker Hughes (BKR), and MPLX (MPLX) are among the top performers, while ExxonMobil (XOM) and Chevron (CVX) have also seen gains. Investors are rotating into the sector on expectations of increased stock buybacks and dividends.

Published on: February 21, 2025, 12:02 AM UTC

Comfort Systems reports $145.9 M Q4 net income, up from $123.5 M in Q4 2021; revenue of $1.87 B. Full-year net income of $522.4 M, up from $417.7 M in 2021; revenue was $7.03 B.

Published on: February 20, 2025, 11:06 PM UTC

**iRhythm (NASDAQ:IRTC) Q4 Earnings Beat Estimates, Stock Soars** iRhythm Technologies reported strong Q4 2024 results, exceeding revenue expectations with 24% year-on-year growth to $164.3 million. The company's non-GAAP profit of $0.01 per share significantly surpassed analyst estimates. This earnings release provides insights into the company's financial performance, growth potential, and key takeaways for investors.

Published on: February 20, 2025, 11:05 PM UTC

Gold surges to record high amid geopolitical risks, trade war fears, and US gold verification plans. Market experts predict further gains as central bank demand and speculative positioning drive prices towards $3,300 by year-end.

Published on: February 20, 2025, 09:02 PM UTC