Posts with tag: development
Ferrari stock (RACE) surges after Q4 earnings beat expectations, leading to upgraded 2025 guidance. Despite tariff concerns, Ferrari's exclusive clientele and strong demand insulate the company, resulting in an impressive EBITDA margin of 38.3% and a sold-out order book extending through 2026.
Published on: February 04, 2025, 04:00 PM UTC
Lancaster Colony Corp. (LANC) reported earnings of $49 million in its fiscal second quarter. Earnings per share were $1.78, and adjusted earnings per share were $2.22. Revenue for the period was $509.3 million.
Published on: February 04, 2025, 01:07 PM UTC
US stocks fell on Monday in response to the Trump administration's scheduled tariff rollout against Canada and China, with the tech-heavy Nasdaq Composite (^IXIC) closing down 1.2%. The announcement sparked fears of an escalation of trade tensions and its impact on corporate earnings. Investors closely monitored the developments, with major averages paring heavier losses after President Trump said the US would delay duties on Mexican imports by a month.
Published on: February 04, 2025, 01:03 PM UTC
Donald Trump's potential import taxes on vehicles and auto parts from Mexico and Canada have the auto industry on edge, as manufacturers scramble to assess the potential financial fallout and mitigate potential damage.
Published on: February 04, 2025, 12:09 PM UTC
Top U.S. refiner Marathon Petroleum beat fourth-quarter profit estimates, helped by strength in its midstream and renewable diesel segment.
Published on: February 04, 2025, 12:04 PM UTC
Apollo Global Management Q4 profit tops estimates, driven by strong fees and retirement business performance. Assets under management jump 15% to $751 billion.
Published on: February 04, 2025, 12:04 PM UTC
Wall Street's Rollercoaster Ride: Tariff Drama Sparks Market Volatility and Uncertainty, with Investors Guessing the Next Move
Published on: February 04, 2025, 12:01 PM UTC
Bill Gates discusses the challenges Intel faces in regaining its former dominance in the tech industry, including competition from Taiwan Semiconductor and Samsung and the need to stabilize its financials.
Published on: February 04, 2025, 11:03 AM UTC
Copper pares gains after China-US tariff tit-for-tat
Published on: February 04, 2025, 07:04 AM UTC
US tariffs on Chinese goods, including electronics, take effect, potentially impacting tech companies like Apple, AMD, Intel, and Nvidia. The impact on chipmakers and consumer prices, as well as the possibility of further tariffs on chips, remains to be seen.
Published on: February 04, 2025, 07:02 AM UTC