Posts with tag: news
Starbucks is striving to brew up a comeback, with Wall Street expecting its first quarter fiscal year 2025 results on Tuesday. Analysts expect revenue to come in at $9.32 billion, compared to $9.43 billion from the year-ago quarter, and same-store sales and foot traffic are projected to decline.
Published on: January 27, 2025, 09:02 PM UTC
GM to Report Q4 Results, Analysts Expect Revenue of $44.46B, EPS of $1.83
Published on: January 27, 2025, 07:01 PM UTC
The Nasdaq plunged by nearly 3% on Monday, led by a sell-off in tech stocks following concerns about US leadership in artificial intelligence (AI) after the emergence of Chinese startup, DeepSeek. Chip-related stocks, such as Nvidia, ASML, and Broadcom, faced significant losses as investors reassessed AI-driven growth prospects. The Dow Jones Industrial Average fell by 0.2%, while the S&P 500 dropped by 1.7%. Economic data releases, including the Chicago Fed National Activity Index and new home sales, are expected today, while investors await earnings reports from companies like AT&T, Nucor, and SoFi.
Published on: January 27, 2025, 03:01 PM UTC
South Africa's rand fell against the dollar due to political tensions and concerns over US tariff threats, leading to outflows from local asset markets.
Published on: January 27, 2025, 01:06 PM UTC
Tesla rally expected to resume as analysts focus on AI potential and optimistic about Q4 earnings.
Published on: January 26, 2025, 04:00 PM UTC
Only nine states will tax Social Security benefits in 2025: Colorado, Connecticut, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont, and West Virginia. Residents in the other 41 states, plus Washington, D.C., will not pay state income taxes on their Social Security benefits.
Published on: January 26, 2025, 03:01 PM UTC
NPR reported that the Trump administration is working on a plan to save TikTok by Oracle and American investors who will control the app's global operations but ByteDance will retain a minority stake.
Published on: January 25, 2025, 11:00 PM UTC
Dollar Falls After Trump's Softened Tariff Stance; Euro, Pound Rise
Published on: January 24, 2025, 10:03 PM UTC
The Trump administration has halted spending at the Energy Department to review programs for alignment with the president's priorities, including ending climate-friendly policies.
Published on: January 24, 2025, 05:05 PM UTC
Gold surged close to a record high as the US dollar weakened after President Trump signaled a less aggressive approach to China. The precious metal is up almost 3% this week on haven demand amid uncertainty over the global economic outlook.
Published on: January 24, 2025, 04:07 PM UTC