Tag: engineering

The Department of Government Efficiency's actions have sparked concerns about privacy rights and the financial standing of the U.S. as it rapidly cuts spending and accesses sensitive Treasury Department payment systems. Advocacy groups and former treasury secretaries have raised alarms about the risks associated with this and lawsuits have been filed to stop these actions. Experts warn of the delicate nature of the U.S. financial system and the potential harm that could result from unilateral moves. They also express concerns about the compromise of Americans' personal information due to the unsafe handling of sensitive data.

Published on: February 11, 2025, 01:00 AM UTC

From slashing foreign aid to cutting healthcare and eliminating the penny, President Trump's early actions as president aim to finance tax cuts while reducing national debt.

Published on: February 10, 2025, 10:01 PM UTC

Disney (DIS) Removes DEI Programs as Companies Distance From Diversity Initiatives

Published on: February 10, 2025, 09:02 PM UTC

Rivian opens up orders for its commercial van beyond initial launch partners, creating a lucrative business opportunity in the growing electrified commercial van market.

Published on: February 10, 2025, 07:02 PM UTC

McDonald's Q4 2024 earnings missed estimates, with revenue down 0.28% and EPS of $2.80 below expectations. Global same-store sales grew 0.4%, driven by international markets, while US sales declined 1.4% due to an E. coli outbreak. The company is implementing a McValue menu and other initiatives to regain foot traffic in 2025.

Published on: February 10, 2025, 03:02 PM UTC

PowerFleet reports a Q3 loss of $14.3 million, missing Wall Street estimates of 2 cents per share earnings. Revenue was $106.4 million, exceeding forecasts of $100.6 million. Full-year revenue is projected to reach $362.5 million, while shares have declined 11% YTD but gained 83% over the past year.

Published on: February 10, 2025, 01:06 PM UTC

Despite looming tariffs, the stock market continues to trade near record highs. This is surprising considering tariffs could harm earnings, the most critical factor driving stock prices. However, investors may anticipate short-lived or less burdensome tariffs. Analysts warn that tariffs could decrease S&P 500 EPS by 2-3%, potentially impacting two-thirds of this year's EPS growth. Despite the threat of tariffs, earnings continue to perform well, with Q4 EPS growth exceeding expectations. As earnings remain the primary driver of stock prices, strong earnings could mitigate the negative effects of tariffs. Historically, earnings have contributed significantly to the S&P 500's total return, indicating their importance in determining stock prices. The labor market remains strong, with job growth and low unemployment. Wage growth is ticking up, while job openings are falling, suggesting a gradual cooling in the job market. Layoffs remain low, and hiring continues to exceed layoffs. Consumer sentiment has declined, but card spending data shows resilience. Gas prices are rising, while supply chain pressures remain loose. Business investment activity remains at record levels, and services and manufacturing surveys signal growth. Construction spending and mortgage rates are trending lower. Office occupancy is increasing, and GDP growth estimates remain positive. While the market is near all-time highs, the long-term outlook remains favorable as earnings growth is expected to continue. However, investors should stay vigilant and consider potential risks such as geopolitical turmoil, energy price volatility, and economic recessions.

Published on: February 10, 2025, 12:01 PM UTC

Bitcoin demand is surging in Japan, fueling a meteoric rise in Metaplanet Inc. shares as the company pivots to a Bitcoin-first strategy. MicroStrategy's success has inspired many Japanese companies to emulate its massive Bitcoin investment, attracting retail investors seeking exposure to the volatile cryptocurrency. Metaplanet's unique NISA investment option and Bitcoin-themed hotel business set it apart in the market.

Published on: February 10, 2025, 10:00 AM UTC

The stock market persists near record highs, despite looming tariffs' negative impact on earnings, the primary driver of stock prices. Analysts suggest any tariffs may be short-lived or less severe than anticipated, hence the market's positive outlook. However, it's crucial to note that tariffs also harm the targeted countries. Earnings estimates may be revised downward if tariffs affect earnings, resulting in lower stock prices.

Published on: February 10, 2025, 09:01 AM UTC

US stocks fell on Friday as the market digested the threat of more possible tariffs from the Trump administration and a jump in consumer expectations for inflation, overshadowing the monthly jobs report. The S&P 500 fell 1% as sentiment sank, while the tech-heavy Nasdaq Composite slid 1.4% in its worst day since January and its second week of consecutive losses. The Dow Jones Industrial Average also dropped more than 400 points, or 1%, marking its worst daily performance in four weeks.

Published on: February 07, 2025, 09:03 PM UTC