Tag: hardware

Rivian (RIVN) reported strong Q4 results with a gross profit of $170 million, lower EBITDA losses, and production of 49,476 vehicles in 2024. The stock initially dipped in premarket trading but gained in after-hours. Rivian faces regulatory uncertainties regarding the EV tax credit and a $6.6 billion DOE loan.

Published on: February 21, 2025, 02:03 PM UTC

The S&P 500's rally has been led by a broader range of stocks this year, with Nvidia's contribution declining. Despite slowing growth, the chipmaker's importance remains due to its central role in the AI trade.

Published on: February 21, 2025, 01:01 PM UTC

President Trump proposes returning some federal savings to taxpayers and reducing deficit through his DOGE (Department of Government Efficiency) effort, overseen by Elon Musk.

Published on: February 20, 2025, 03:00 AM UTC

The S&P 500 hits new record high on strong earnings and Fed minutes; Garmin surges on better-than-expected results, while Celanese plunges on operating losses.

Published on: February 19, 2025, 11:04 PM UTC

Rachel Reeves, the Shadow Chancellor, wants businesses to invest more in their workforce. However, she has also just imposed a £25bn tax raid that could lead to job losses and reduce investment. Some speculate that the tax raid is part of a plan to push companies to invest in technology and training, rather than rely on low-cost, low-skilled workers. However, there are concerns that this could disproportionately impact sectors like hospitality, which rely heavily on service and people.

Published on: February 15, 2025, 01:00 PM UTC

US stocks closed higher on Thursday after President Trump announced plans to impose reciprocal tariffs but delayed their implementation, while investors processed another report indicating that inflation remains high. The Dow Jones Industrial Average (^DJI) climbed more than 0.7%, or 350 points, while the S&P 500 (^GSPC) gained over 1% to close at 6,115.06, near its record high of 6,118.71. The tech-heavy Nasdaq Composite (^IXIC) rose more than 1.5% as Nvidia (NVDA) and Tesla (TSLA) rallied.

Published on: February 14, 2025, 02:03 PM UTC

US stocks futures traded mixed Thursday as investors weighed prospects for US-Russia peace talks on Ukraine ahead of key inflation data, with focus on producer price index.

Published on: February 13, 2025, 12:01 PM UTC

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Published on: February 12, 2025, 08:01 PM UTC

Generac Holdings Inc. (GNRC) reported fourth-quarter net income of $117.2 million, beating Wall Street expectations. Adjusted earnings came to $2.80 per share, on revenue of $1.23 billion, meeting forecasts. For the year, GNRC reported profit of $316.3 million, or $5.39 per share, on revenue of $4.3 billion.

Published on: February 12, 2025, 12:06 PM UTC

Malaysia's central bank is ready to manage excessive moves in the ringgit, expecting inflows by state-linked firms and economic prospects to support the currency in the long term.

Published on: February 12, 2025, 08:01 AM UTC