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Stock markets and earnings results in focus, with mixed performance on Wall Street as major indices rise in anticipation of Amazon's report. Earnings from tech companies and chipmakers scrutinized for AI demand signals. Concerns over inflation and geopolitical tensions linger, impacting investor sentiment.

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

Ford CEO warns Trump admin: Tariffs would be devastating to auto industry

Published on: February 06, 2025, 03:02 PM UTC

AstraZeneca CEO Pascal Soriot denies rift with UK government over scrapped vaccine factory plan. Citing financial issues, the company remains committed to investing in the UK despite exploring alternative options for the project.

Published on: February 06, 2025, 03:00 PM UTC

Russian consumers are purchasing record amounts of gold as a safe-haven asset amid high inflation and geopolitical tensions. Last year, they bought 75.6 metric tons of gold, a 6% increase from 2023 and a 62% increase from 2021. The price of gold hit a record high of $2,900 an ounce on Wednesday.

Published on: February 06, 2025, 01:00 AM UTC

Markel Group Inc. (MKL) reported Q4 net income of $518.7 million ($38.74 per share), exceeding Wall Street's estimate of $19.54 per share. Revenue was $3.84 billion, with adjusted revenue of $3.72 billion, slightly below expectations. For the year, the company reported profit of $2.64 billion ($199.32 per share) and revenue of $14.81 billion.

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

Ares Capital Corp. (ARCC) reported fourth-quarter earnings of $357 million, or 55 cents per share, missing Wall Street expectations. Revenue was $759 million, also below estimates. For the year, profit was unchanged at $1.52 billion, earnings per share fell to $2.44, and revenue was $2.99 billion. Ares Capital shares are up 9% YTD and 19% over the past year.

Published on: February 05, 2025, 12:06 PM UTC

Kimball Electronics (KE) missed Q4 revenue expectations, with a 15.2% year-on-year decline. However, non-GAAP profit of $0.29 per share beat estimates by 28.9%. Despite lowering revenue guidance for the full year, KE reported positive operating cash flow, reduced inventory levels, and paid down debt. Analysts expect a 5.6% revenue decline over the next 12 months.

Published on: February 04, 2025, 11:05 PM UTC

JPMorgan Chase hires Goldman Sachs' Jonathan Slaughter to bolster business services in EMEA

Published on: February 04, 2025, 06:06 PM UTC

Trump's tariffs on China, Canada, and Mexico send industrial metals tumbling on LME, with copper down 0.9% and iron ore declining 1.4%; China vows countermeasures as trade war looms, threatening global economic growth and metals demand.

Published on: February 03, 2025, 11:00 AM UTC

Canada will retaliate against Trump's tariffs with escalating counter-tariffs, aiming to target American goods sold in significant quantities with readily available Canadian alternatives to create political pressure.

Published on: February 01, 2025, 09:00 PM UTC