Tag: elections

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

US Justice Department begins investigating UnitedHealth over Medicare billing practices

Published on: February 21, 2025, 01:00 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

Asian stocks fall as concerns over US geopolitical priorities cast a shadow on risk appetite, prompting investors to seek havens like the Japanese yen.

Published on: February 20, 2025, 06:00 AM UTC

Billionaire investor Bill Ackman plans to create the next Berkshire Hathaway by acquiring Howard Hughes. Pershing Square, Ackman's firm, raised its takeover offer to $90 per share. The move comes after Ackman hinted at a major announcement, causing Howard Hughes shares to surge. Ackman aims to emulate Warren Buffett's strategy of acquiring controlling interests in operating companies. However, analysts are skeptical as the offer falls short of Howard Hughes' net asset value.

Published on: February 20, 2025, 02:00 AM UTC

UK inflation rose to a 10-month high of 3% in January, above the Bank of England's target of 2%. The increase was driven by higher airfares, food costs, and private school fees. Economists had anticipated an increase to 2.8%.

Published on: February 19, 2025, 08:00 AM UTC

Uber has moved to a zero-commission model for its autorickshaw drivers in India and will instead charge them a subscription fee, mirroring a strategy followed by local rivals as competition intensifies.

Published on: February 18, 2025, 03:00 PM UTC

JPMorgan Chase expects criticism for business practices, including diversity, equity and inclusion (DEI).

Published on: February 15, 2025, 12:00 AM UTC

The United States is treated unfairly by trading partners, leading to a large trade deficit. To address this, the "Fair and Reciprocal Plan" will counter non-reciprocal trading arrangements by determining equivalent reciprocal tariffs and examining non-reciprocal trade relationships with all US trading partners, including tariffs, discriminatory taxes, and other unfair practices.

Published on: February 13, 2025, 09:00 PM UTC