Posts with tag: electronics
World markets mostly rose on Friday after Tesla, IBM and Meta Platforms reported strong profits. European markets opened higher after the ECB cut rates, while the Nikkei 225 rose in Tokyo after Japan's core inflation rate hit 2.5%.
Published on: January 31, 2025, 10:01 AM UTC
Canadian National Railway Co. (CNI) reported fourth-quarter profit of $819.1 million, below analysts' expectations of $1.37 per share. However, revenue of $3.11 billion exceeded forecasts of $3.07 billion. For the year, CNI reported profit of $3.25 billion.
Published on: January 30, 2025, 10:08 PM UTC
Weekly jobless claims fell to 207,000 in a sign the US labor market remains strong, according to the Labor Department.
Published on: January 30, 2025, 02:06 PM UTC
Tesla stock rose 4% in extended trading on Wednesday after the company pledged a return to growth in 2025. In the fourth quarter, Tesla reported revenue of $25.7 billion, just short of analyst expectations, and adjusted earnings per share came in at $0.73, less than forecasted. For the full-year, revenue rose 1% to $97.7 billion, while Tesla said its auto business is expected to return to growth in 2025.
Published on: January 30, 2025, 10:01 AM UTC
DeepSeek's AI Breakthrough Shakes Up Tech Industry; Nvidia Slips Amid Funding Concerns
Published on: January 29, 2025, 10:01 PM UTC
Starbucks CEO Brian Niccol highlights progress in turnaround strategy, driving share growth, improving sales trends, and focusing on mobile ordering and customer experience.
Published on: January 29, 2025, 06:02 PM UTC
Meta, Microsoft, and Tesla earnings to reveal impact of AI upstart DeepSeek on tech spending and stock market performance.
Published on: January 29, 2025, 03:01 PM UTC
Goldman Sachs strategists downplay the tech-led selloff in US equities, citing a positive economic outlook and historically supportive conditions for risk assets. While DeepSeek's AI model raised concerns, they believe weakness in stocks will be limited due to falling interest rates and moderating inflation.
Published on: January 29, 2025, 12:00 PM UTC
Discover the latest news, analysis, and insights on the global economy and markets. Stay informed on the latest developments in finance, technology, and business with in-depth reporting and expert commentary.
Published on: January 28, 2025, 11:00 PM UTC
Snowflake (SNOW) shares soar 6.32% as AI debate sparks market recalibration towards AI-resistant and AI-beneficiary stocks, including data warehouse, cybersecurity, and automation software.
Published on: January 28, 2025, 07:05 PM UTC