Posts with tag: fashion
Despite the threat of tariffs, the stock market continues to hover near record highs. This is surprising since tariffs are expected to negatively impact company earnings, the key driver of stock prices. The market's optimism may stem from the belief that any tariffs will be temporary or milder than anticipated. However, analysts estimate that the announced tariffs could reduce earnings significantly, potentially outweighing any positive earnings surprises. As a result, companies and analysts may need to reassess their earnings estimates.
Published on: February 10, 2025, 03:01 AM UTC
Dollar rises after Trump announces 25% tariffs on all steel and aluminium imports, causing jitters about a global trade war. Investors focus on inflation data and Fed Chair Powell's appearance for clues on interest rate policy.
Published on: February 10, 2025, 02:00 AM UTC
DBS Group's Q4 net profit rises 10% to S$2.62 billion, matching analyst estimates, driven by growth in commercial banking and markets trading.
Published on: February 09, 2025, 11:00 PM UTC
Tesla stock had a rough week as China deliveries slumped 11.5% in January, while BYD sales surged 47%. Germany sales also plunged to their lowest since 2021. The US suspended federal funding for EV chargers, impacting shares of ChargePoint, Blink, and EVgo. Tesla has received an estimated $31 million through the program.
Published on: February 08, 2025, 12:01 AM UTC
Bank of America CEO Brian Moynihan received a 21% compensation increase to $35 million for 2024, driven by strong performance including increased interest income and a 10% bonus pool increase for investment bankers.
Published on: February 07, 2025, 10:00 PM UTC
President Biden to discuss tax cuts, including the carried interest tax deduction loophole, with Republican lawmakers.
Published on: February 07, 2025, 03:03 PM UTC
Minneapolis Fed President Neel Kashkari says strong labor market data and cooling inflation suggest the Fed may lower rates modestly by year-end.
Published on: February 07, 2025, 03:00 PM UTC
President Trump wants to end a tax perk used by private equity fund managers, a policy feat that politicians have tried and failed to achieve for more than a decade. Trump said closing the carried-interest loophole is a priority in a meeting with Republican lawmakers on Thursday.
Published on: February 07, 2025, 01:04 PM UTC
Singaporean banks set to report stronger fourth-quarter profits, but trade tariffs and other US policies may hit growth in 2025.
Published on: February 07, 2025, 08:00 AM UTC
Arc Resources Ltd. reported fourth-quarter profit of $264.7 million, or 45 cents per share, on revenue of $859.4 million. For the year, the company reported profit of $820.5 million, or $1.37 per share, on revenue of $2.98 billion.
Published on: February 06, 2025, 11:05 PM UTC