Posts with tag: entrepreneurship
Asian stocks fluctuated Thursday after the Federal Reserve held rates unchanged, with Chair Jerome Powell indicating no rush to lower borrowing costs. Some Asian markets remained closed for the Lunar New Year, while others saw mixed movement. The yen gained slightly, and US tech earnings were in focus, with Tesla and IBM reporting positive results. Meanwhile, investors monitored the start of megacap earnings season and concerns over tech sector concentration.
Published on: January 30, 2025, 01:00 AM UTC
Virtu Financial Inc. (VIRT) reported fourth-quarter profit of $94.1 million, exceeding Wall Street expectations. Adjusted earnings were $1.14 per share on revenue of $834.3 million. For the year, the company reported profit of $276.4 million on revenue of $1.6 billion.
Published on: January 29, 2025, 01:07 PM UTC
A White House order to freeze government spending has been partially retracted, with some exceptions. A federal judge has blocked the halt from taking effect. The order has caused confusion and concern, but student loan and health insurance payments remain unaffected. The administration claims the freeze is to review programs for compliance with President Trump's executive orders. Critics argue that the move is unlawful and a test of Trump's power.
Published on: January 29, 2025, 01:02 PM UTC
Czech National Bank to consider investing in bitcoin, may cut interest rates
Published on: January 29, 2025, 08:01 AM UTC
Short-term traders bet on Nvidia's rapid recovery, pouring money into leveraged ETFs linked to the AI chipmaker's share price.
Published on: January 29, 2025, 12:00 AM UTC
Logitech Q3 earnings top estimates, with EPS at $1.32 and revenue at $1.34 billion. The company expects full-year revenue of $4.54 billion to $4.57 billion.
Published on: January 28, 2025, 10:10 PM UTC
Axos Financial reports Q2 net income of $104.7 million, surpassing analyst expectations. Revenue reached $483.9 million, with adjusted revenue at $307.9 million. Since the year's start, AX shares have risen nearly 4%.
Published on: January 28, 2025, 10:09 PM UTC
Big Tech earnings concerns sparked a sell-off Monday, raising questions about the sustainability of the bull market. DeepSeek's AI developments ignited fears of increased competition for Nvidia and other tech giants. The "Magnificent Seven" stocks, including Microsoft, Alphabet, and Tesla, saw declines of 2% or more. Strategists have warned of risks to the market due to high index valuations and concentration in Big Tech stocks.
Published on: January 28, 2025, 02:04 PM UTC
NextEra Energy unit XPLR Infrastructure suspends dividend, shares plunge
Published on: January 28, 2025, 02:00 PM UTC
World Acceptance Corp. (WRLD) reported earnings of $13.4 million in its fiscal third quarter, with a profit of $2.45 per share.
Published on: January 28, 2025, 01:06 PM UTC