Posts with tag: innovation
UPS Cuts Amazon Deliveries to Drive Profitability, Revenue Outlook Disappoints
Published on: January 31, 2025, 01:02 AM UTC
President Donald Trump is aiming to reshape the US trade policy using tariffs. Leading up to his return to office, Trump has threatened tariffs on goods from China, Mexico, Canada, and the European Union. The uncertainty around tariffs has left many in wait-and-see mode, including businesses and world leaders. Trump's pick for Commerce secretary, Howard Lutnick, supports "across the board" tariffs.
Published on: January 31, 2025, 12:02 AM UTC
Trump's self-imposed Feb. 1 deadline for tariffs on Canada, Mexico, and China looms, causing uncertainty and weighing on business decisions. Economic experts and world leaders are closely watching the developments as markets anticipate potential impacts on growth and inflation.
Published on: January 31, 2025, 12:01 AM UTC
Apple's Q1 earnings beat estimates but missed on iPhone revenue, with Greater China sales falling short. Despite AI push and upcoming product releases, iPhone market share declined.
Published on: January 31, 2025, 12:01 AM UTC
Tokyo inflation accelerates, supporting BOJ's hawkish outlook. Consumer prices excluding fresh food rose 2.5% in January, a 11-month high, matching economists' estimates and indicating persistent inflationary pressures.
Published on: January 31, 2025, 12:00 AM UTC
OpenAI is reportedly in talks for a $40B funding led by SoftBank, at a $260B valuation.
Published on: January 30, 2025, 11:06 PM UTC
Shore Bancshares Inc. (SHBI) reported net income of $13.3 million and earnings per share of 40 cents in its fourth quarter. Adjusted earnings came to 44 cents per share. Revenue was $85.3 million, surpassing Street forecasts.
Published on: January 30, 2025, 11:05 PM UTC
Walgreens Boots Alliance Inc. Suspends Quarterly Dividend as Cash Needs Loom
Published on: January 30, 2025, 11:03 PM UTC
Amid higher mortgage rates, pending home sales dropped 5.5% in December, with a significant decline in expensive regions. Despite gains in cash transactions, the rate increase impacted affordability.
Published on: January 30, 2025, 11:03 PM UTC
Mortgage rates remained steady this week despite market volatility, with 30-year rates at 6.95% and 15-year rates at 6.12%. Higher rates and limited supply continue to pose affordability challenges for homebuyers.
Published on: January 30, 2025, 11:03 PM UTC