Tag: outfits

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Utz Brands Q4 Earnings Top Estimates

Utz Brands (UTZ) reports Q4 net income of $2.3 million, topping analysts' estimates, with earnings per share of 22 cents. However, revenue of $341 million fell short of expectations.

Ardmore Shipping Reports Q4 Earnings

Ardmore Shipping Corp. reports Q4 earnings of $6.9 million, or 12 cents per share. Adjusted earnings were 25 cents per share, on revenue of $49.3 million.

January Consumer Price Index: Inflation Eases Slightly, But Core Prices Remain Elevated

January CPI data, expected to show headline inflation at 2.9% and a slight deceleration in monthly price increases. Core inflation remains elevated due to higher shelter and services costs, but expectations are for a 0.3% monthly increase in core prices. The report will provide insights into inflation pressures and potential future interest rate cuts by the Federal Reserve.

DBS Q4 profit rises 10% to match estimates

DBS Group's Q4 net profit rises 10% to S$2.62 billion, matching analyst estimates, driven by growth in commercial banking and markets trading.

President Trump Wants a Do-Over on Private Equity Tax Break

President Trump wants to end a tax perk used by private equity fund managers, a policy feat that politicians have tried and failed to achieve for more than a decade. Trump said closing the carried-interest loophole is a priority in a meeting with Republican lawmakers on Thursday.

Matrix Service Posts Loss in Fiscal Q2

Matrix Service Co. reports a $5.5 million loss in its fiscal second quarter, with revenue of $187.2 million. Full-year revenue is expected to be between $850 million and $900 million.

US-China Tensions Weigh on Asian Equities as China Shares Open Lower

Asian equities slipped after Chinese shares opened lower amid trade tensions between the US and China. Hong Kong stocks fell while China's market saw a weaker opening after Lunar New Year holidays. US equities futures edged lower, and Treasury yields rose. Investors remain cautious as Beijing retaliated against US tariffs, leading to concerns about the impact on Chinese stocks and broader market volatility.

Spotify Beats Revenue Expectations, Reports First Full-Year Profit

Spotify's Q4 earnings beat expectations with revenue growth and its first annual profit, driven by strong subscriber gains and efficiency measures. The stock surged 8% in pre-market trading.

Market Volatility Surges as Trump Tariffs Raise Concerns of Growth Slowdown and Inflation

US President Donald Trump's weekend orders for additional tariffs on imports from Mexico and Canada, as well as 10% on goods from China, jolted markets surprised by the speed and intensity of these moves.

Chevron Plans to Boost Permian Output by 10% Despite Spending Cuts

Chevron plans to increase its US Permian Basin oil production by 9%-10% in 2025, despite capital spending cuts in the region.