Posts with tag: innovation
The Fed may cut rates more than expected in 2025, according to State Street. Economic cooling, disinflation, and improved government finances could all lead to looser monetary policy.
Published on: January 30, 2025, 04:00 AM UTC
Philippine economic growth slowed in Q4 2024, missing the government's target due to storms and flooding. GDP grew 5.2%, below the 5.5% estimate. The central bank cut interest rates to a two-year low amidst rising tariff risks and US policy uncertainty.
Published on: January 30, 2025, 03:00 AM UTC
Truth Social, a social media platform founded by former US President Donald Trump, is launching Truth.Fi to offer financial products such as ETFs, cryptocurrencies, and customized investment accounts.
Published on: January 30, 2025, 02:02 AM UTC
Meta's Reality Labs division continues to lose billions of dollars, with losses exceeding $60 billion since 2020. Amidst Zuckerberg's confidence in the metaverse's pivotal year, analysts question its profitability.
Published on: January 30, 2025, 02:01 AM UTC
Microsoft and Meta execs defend massive spending on AI, citing competition from Chinese upstart DeepSeek.
Published on: January 30, 2025, 02:00 AM UTC
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
Meta Q4 earnings top expectations, revenue outlook disappoints; AI spend to rise
Published on: January 30, 2025, 12:02 AM UTC
Tesla misses Q4 earnings expectations as investors seek a catalyst; revenue rises 2% to $25.71 billion, adjusted EPS at $0.73; company cites AI, R&D costs for lower profit; Model Y production to be halted for short time due to changeover; new vehicles, Cybercab still on track; energy storage business remains strong despite post-election stock decline.
Published on: January 30, 2025, 12:01 AM UTC
Metaverse and AI: Meta's Reality Labs losses mount to $60 billion, while it plans to invest $60-65 billion in AI strategy.
Published on: January 30, 2025, 12:01 AM UTC
Teradyne Inc. (TER) reported fourth-quarter net income of $146.3 million, or 90 cents per share. Adjusted earnings came to 95 cents per share, topping Wall Street estimates of 90 cents per share. Revenue reached $752.9 million, also exceeding expectations of $740.7 million. For the year, the company reported profit of $542.4 million, or $3.32 per share, with revenue at $2.82 billion.
Published on: January 29, 2025, 11:06 PM UTC