Posts with tag: innovation
The Nasdaq Composite (^IXIC) surged nearly 1.3% higher, bolstered by a jump in Netflix shares on the back of surprisingly strong earnings. The S&P 500 (^GSPC) gained more than 0.6% to close just shy of its record high of 6,090. Meanwhile, the Dow Jones Industrial Average (^DJI) rose 0.3%, following a gain of over 500 points on Tuesday.
Published on: January 23, 2025, 02:04 PM UTC
Gap CEO Dismisses Breakup Rumors, Focuses on Growth and Profitability
Published on: January 23, 2025, 02:03 PM UTC
Cisco CEO Chuck Robbins discusses the importance of US-China relations for the global economy and Cisco's business in China, while highlighting concerns over expiring tax cuts and his role in the Business Roundtable.
Published on: January 23, 2025, 02:03 PM UTC
Jobless claims rose to 223,000 last week, while the number of Americans collecting unemployment benefits hit 1.9 million, the highest level since 2021.
Published on: January 23, 2025, 02:00 PM UTC
GATX shares rose after Q4 revenue beat estimates, with sales up 12.2% YoY to $413.5 million and GAAP profit of $2.10 per share, 24.6% above consensus. Analysts see 7.6% revenue growth in the next 12 months, driven by new products and services.
Published on: January 23, 2025, 02:00 PM UTC
Retail CEOs prepare for potential price hikes and supply chain disruptions as President Trump reimposes tariffs on China and threatens duties on Mexico and Canada.
Published on: January 23, 2025, 01:04 PM UTC
Gap CEO dismisses breakup talk, focuses on growth and improving operations. Stock up 30% in past year, turnaround gaining momentum. Tariffs pose a potential threat, but Gap relies on China for only 10% of sourcing.
Published on: January 23, 2025, 01:03 PM UTC
Listen to Living Not So Fabulously podcast for serial entrepreneur Phaon Spurlock's tips for small business owners: find customer data points, budget with reserves, and launch your business now!
Published on: January 23, 2025, 01:02 PM UTC
UK regulator appoints former Amazon exec as chair, signaling a more lenient approach to mergers and acquisitions to attract investment.
Published on: January 23, 2025, 01:00 PM UTC
Tech stocks led a market surge Wednesday as Netflix shares reached a record high after a strong earnings report, while President Donald Trump's focus on AI investments outweighed fresh tariff concerns. The Nasdaq Composite (^IXIC) climbed nearly 1.3%, boosted by a jump in Netflix shares, while the S&P 500 (^GSPC) gained over 0.6%, nearing its record high. The Dow Jones Industrial Average (^DJI) rose around 0.3%, following a significant gain on Tuesday. Trump's 'Stargate' initiative, a $500 billion private sector investment in AI infrastructure, sparked enthusiasm in tech stocks like Oracle (ORCL), SoftBank (9984.T), and Arm Holdings (ARM), despite worries about a Trump-led trade war.
Published on: January 23, 2025, 12:03 PM UTC