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General Motors and Jack Cooper's partnership is in jeopardy after GM stopped providing Jack Cooper with vehicles to transport due to a contract breach.

Published on: February 08, 2025, 06:00 PM UTC

Meta, Microsoft, Amazon, and Alphabet plan to invest $325 billion in AI infrastructure by 2025, driven by ongoing commitments to AI investment despite concerns over timelines and revenue generation.

Published on: February 07, 2025, 09:02 PM UTC

The U.S. Department of Labor's closely watched January employment report is expected to show a slowdown in job growth, partly due to wildfires in California and cold weather. Despite the expected decline, the unemployment rate is forecast to remain low at 4.1%, with solid wage growth. The report will also include annual benchmark revisions, new population weights, and updates to seasonal adjustment factors.

Published on: February 07, 2025, 08:02 AM UTC

Japan must improve its fiscal health due to the risks of natural disasters and increasing social security costs, the IMF warns. The IMF recommends Japan find ways to accommodate fiscal spending needs without increasing deficits. Japan has the largest public debt burden among developed nations, and its debt servicing costs are projected to jump 25% by fiscal year 2028.

Published on: February 07, 2025, 03:00 AM UTC

US stocks traded mixed on Thursday as investors awaited Amazon's quarterly results, assessed the earnings season, and monitored President Trump's policy changes. The Dow Jones Industrial Average fell slightly, while the S&P 500 and Nasdaq Composite gained moderately, supported by tech and chip-related earnings. Investors were scrutinizing AI demand signals and incoming earnings for any company warnings, while Treasury Secretary Scott Bessent eased pressure on the Federal Reserve by suggesting Trump's aim to lower 10-year Treasury yields rather than push for lower interest rates. Amid inflation concerns, jobless claims rose slightly, providing clues for Fed decision-making. The earnings season continued with Amazon reporting mixed results, revealing challenges in the cloud segment, while Nvidia stock surged. Ford's muted guidance led to a decline in its shares, while Apple supplier Skyworks faced concerns over a competitor impact. Tariff threats on lumber raised concerns for builders' margins, while a prolonged job search period for Americans added to the labor market challenges. Shares of Salesforce and Honeywell declined due to management changes and a three-way split announcement, respectively. Arm and Qualcomm stocks fell as investors questioned the pace of AI-driven demand for their chips, while Tesla's stock extended losses amid concerns about CEO Elon Musk's political involvement. Peloton's strong sales results lifted its stock, while Honeywell's split into three companies weighed on its share price. The European markets also saw gains, with the FTSE 100 rising after the Bank of England's interest rate cut.

Published on: February 06, 2025, 11:02 PM UTC

Palantir stock has surged 41% year to date, outperforming the Nasdaq Composite and its Magnificent Seven peers. Strong financial results, including a 52% increase in US revenue in the fourth quarter, have fueled the stock's rally. Despite its premium valuation, analysts remain divided on Palantir's long-term prospects.

Published on: February 06, 2025, 06:02 PM UTC

AGCO reports a Q4 loss of $255.7 million, exceeding Wall Street expectations, with adjusted earnings per share of $1.97. Revenue missed forecasts, and the company projects full-year earnings of $4-$4.50 per share.

Published on: February 06, 2025, 01:05 PM UTC

Elon Musk and OpenAI CEO Sam Altman's legal battle over the future of AI company OpenAI could last until 2027. Musk claims OpenAI breached its nonprofit mission in pursuit of profits, while OpenAI denies the allegations. Microsoft, as an investor in OpenAI, is named as a defendant along with LinkedIn founder Reed Hoffman and Microsoft executive Deanna Templeton. The outcome of the lawsuit will shape the development of AI and the roles of Musk and Altman in the industry.

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

US stock futures rise as Alphabet dips, Nvidia climbs; Dow futures up 0.2%

Published on: February 06, 2025, 07:01 AM UTC

The Impoundment Control Act of 1974 gives Congress the power to control spending, but President Trump and his administration are challenging this law, sparking concerns about the separation of powers and the potential for a constitutional crisis.

Published on: February 06, 2025, 12:02 AM UTC