Tag: innovation

Inflation rose more than expected in January, with core prices continuing to show strength. The Federal Reserve is likely to remain cautious in its policy outlook amid the elevated inflation readings.

Published on: February 13, 2025, 12:03 AM UTC

A hotter-than-expected January inflation report triggered a selloff in US stocks, as the Federal Reserve is likely to maintain its interest rate hiking path. Tech stocks remained resilient, with Tesla leading the Nasdaq Composite into positive territory. Earnings results from companies like Kraft Heinz, CVS Health, Reddit, and Robinhood provided mixed signals for the market. Economic data released on Wednesday revealed a rise in consumer inflation, housing inflation, and used car prices. Fed Chair Jerome Powell stated that the interest rate path remains uncertain, while President Trump dismissed the inflation report as "Biden inflation" and called for lower rates. Investors are awaiting the latest Consumer Price Index (CPI) data for further clues on the Fed's monetary policy.

Published on: February 13, 2025, 12:02 AM UTC

Foreign automakers, such as Nissan and Honda, are facing downturns due to the rapid rise of Chinese electric-vehicle makers such as BYD and the prospect of tariffs in the United States.

Published on: February 13, 2025, 12:00 AM UTC

Trinseo PLC (TSE) reported a Q4 loss of $117.9 million ($3.33 per share). Adjusted for non-recurring costs, the loss was $2.67 per share. Revenue came in at $821.5 million. For the year, the company reported a loss of $348.5 million ($9.86 per share), with revenue of $3.51 billion.

Published on: February 12, 2025, 11:07 PM UTC

Kadant Inc. reports Q4 profit of $24 million, beating Wall Street expectations. Revenue of $258 million missed Street forecasts. For Q1, Kadant expects earnings per share of $1.85 to $2.05 and revenue of $235 million to $242 million. For the full year, it anticipates earnings of $9.70 to $10.05 per share and revenue between $1.04 billion and $1.07 billion.

Published on: February 12, 2025, 11:06 PM UTC

Scorpio Tankers reports Q4 earnings of $68.6 million, beating analysts' estimates but missing revenue forecasts. For the year, the company reported profit of $668.8 million and revenue of $1.21 billion.

Published on: February 12, 2025, 11:05 PM UTC

Meta's AI investments drive growth, boost stock performance amid Big Tech's struggles. The company's focus on powering its own growth rather than reselling to others sets it apart in the competitive hyperscaler market.

Published on: February 12, 2025, 11:03 PM UTC

Reddit stock fell after Q4 results missed expectations, with earnings below estimates but revenue surpassing forecasts. Guidance for Q1 beats projections, but daily active user growth falls short. Investors remain optimistic due to ad revenue growth and AI partnerships.

Published on: February 12, 2025, 11:03 PM UTC

Ribbon Communications Reports Q4 Earnings: Revenue at $251.4 Million, Net Income at $6.4 Million

Published on: February 12, 2025, 10:10 PM UTC

Dutch Bros beats estimates, boosting revenue in Q4 with a net income of $3.6 million or 3 cents per share, exceeding the analysts' estimates of 2 cents per share.

Published on: February 12, 2025, 10:08 PM UTC