Tag: fashion

Alphabet stock plunged 8% premarket after Q4 revenue miss due to cloud weakness, $75 billion capex plan raises concerns. Analysts weigh in on the disappointing quarter and lowered expectations.

Published on: February 05, 2025, 01:02 PM UTC

California's home insurance crisis is leaving many homeowners underinsured, forcing them to turn to the state's FAIR Plan for coverage. The FAIR Plan provides a lifeline for those unable to secure private insurance, but with higher premiums and limited coverage. State officials have enacted regulations to give insurers more latitude in high-risk areas, but experts say serious mitigation efforts are needed to address the underlying fire risk.

Published on: February 05, 2025, 06:00 AM UTC

Asian equities slipped after Chinese shares opened lower amid trade tensions between the US and China. Hong Kong stocks fell while China's market saw a weaker opening after Lunar New Year holidays. US equities futures edged lower, and Treasury yields rose. Investors remain cautious as Beijing retaliated against US tariffs, leading to concerns about the impact on Chinese stocks and broader market volatility.

Published on: February 05, 2025, 03:00 AM UTC

Hollywood studios are hesitant to embrace AI for fear of losing control over data and angering unions. OpenAI's Sora, a video-generating AI tool, has been met with cautious interest from studios despite its potential to reduce animation and visual effects costs. While some studios, like Lionsgate, have formed partnerships with AI startups, widespread adoption remains elusive due to ongoing discussions on deal frameworks and profit-sharing arrangements.

Published on: February 05, 2025, 02:01 AM UTC

Kentucky lawmakers pass bill to lower personal income tax to 3.5% starting in 2026, continuing a downward trend since Republicans gained control of the legislature in 2017.

Published on: February 04, 2025, 11:00 PM UTC

AZEK Q1 earnings top estimates, revenue also beats; raises full-year guidance

Published on: February 04, 2025, 10:08 PM UTC

Trump strengthens economic pressure on Iran, aiming to cut off oil exports and limit nuclear weapon development.

Published on: February 04, 2025, 09:05 PM UTC

NXP Semiconductors forecasts lower-than-expected first-quarter revenue, signaling continued sluggish chip demand in industrial and automotive sectors, impacting the overall semiconductor industry.

Published on: February 04, 2025, 04:04 PM UTC

President Trump's new tariffs on imports will cause pain in the form of higher prices and economic uncertainty, but economists warn that they will also push up inflation and lower growth. The national debt is a more pressing economic problem that requires a combination of spending cuts and tax hikes, but Trump is instead focusing on tax cuts and tariffs.

Published on: February 04, 2025, 02:03 PM UTC

US futures steady, dollar weakens as traders assess tariffs and earnings

Published on: February 04, 2025, 02:00 PM UTC