Tag: development

Elon Musk says he's not interested in buying TikTok, despite speculation about a potential bid. The Tesla CEO said he doesn't acquire companies for economic reasons and isn't sure what the purpose of acquiring TikTok would be.

Published on: February 08, 2025, 10:00 PM UTC

Get today's mortgage and refinance rates. Compare interest rates, monthly payments, and more. Use Yahoo Finance's free mortgage calculator to see how rates affect your payment.

Published on: February 08, 2025, 12:00 PM UTC

Bank of America to buy $9B mortgage loan portfolio from Toronto-Dominion Bank

Published on: February 07, 2025, 08:00 PM UTC

Amid the US-China trade war, tech giants Apple, Google, Intel, and Nvidia face potential antitrust investigations in China as retaliatory measures for US tariffs. Apple faces scrutiny over its App Store practices, while Intel's China revenue is at risk due to its reliance on the region. Google's presence in China is minimal, but Nvidia's AI strategy could be impacted by export restrictions.

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

US stocks drop on higher inflation expectations and weaker jobs report. The S&P 500 fell 0.1%, Nasdaq Composite dropped 0.5%, and Dow Jones Industrial Average declined 0.1% as consumer sentiment sank to a seven-month low and inflation expectations surged. Amazon shares plummeted after disappointing earnings outlook, but the major indices remain on track for weekly gains.

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

The U.S. Department of Labor's closely watched January employment report is expected to show a slowdown in job growth, partly due to wildfires in California and cold weather. Despite the expected decline, the unemployment rate is forecast to remain low at 4.1%, with solid wage growth. The report will also include annual benchmark revisions, new population weights, and updates to seasonal adjustment factors.

Published on: February 07, 2025, 08:02 AM UTC

Oil heads for third weekly decline as Trump-China trade concerns outweigh Iran sanctions

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

Microchip Technology (MCHP) missed Q4 revenue and EPS estimates, with weak revenue guidance for Q1. Inventory days rose to 266, indicating weak demand. Revenue declined 41.9% YoY to $1.03B, and analysts expect flat growth over the next 12 months. Explore our full research report to assess Microchip Technology's investment potential.

Published on: February 06, 2025, 11:07 PM UTC

Mohawk Industries (MHK) beats Q4 earnings and revenue estimates. Earnings per share: $1.95 adj. Revenue: $2.64B. Zacks Consensus: EPS: $1.88, Revenue: $2.57B.

Published on: February 06, 2025, 10:09 PM UTC

Pros Holdings Inc. reported a Q4 loss of $2 million. Adjusted earnings came to 16 cents per share, beating estimates of 13 cents. Revenue of $85 million also exceeded forecasts of $84.8 million. For the year, the company reported a loss of $20.5 million on revenue of $330.4 million.

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