Tag: react

Wall Street banks, including Morgan Stanley and Bank of America, plan to sell portions of debt provided to Elon Musk for his Twitter buyout, hoping to recover from losses.

Published on: January 28, 2025, 10:01 AM UTC

DeepSeek's new AI models are shaking up the tech industry, posing a challenge to OpenAI's proprietary models. The AI market is witnessing a disruption, with Nvidia stocks impacted and investors speculating on the sustainability of the rally.

Published on: January 28, 2025, 02:01 AM UTC

Tax season has officially kicked off and the IRS has some new programs and rules in store. Direct File is now available in 25 states and has been upgraded with new features, including the ability to automatically import W-2 information and handle more tax circumstances. Gig workers and small business owners may receive a 1099-K form this year, as reporting requirements for third-party payment apps have changed. The standard deduction has increased, making it less likely that taxpayers will need to itemize their deductions.

Published on: January 27, 2025, 06:00 PM UTC

The stock market had a strong week, with the S&P 500 rising 1.7%. The Nasdaq 100 and the Dow Jones Industrial Average also gained ground. Investors were cheered by President Trump's talk of policies to boost the economy and lower taxes, while appearing to soften his stance toward tariffs on China. The dollar saw its biggest weekly drop since November 2023, and the MOVE Index of expected Treasury volatility hit its lowest level since mid-December.

Published on: January 24, 2025, 11:01 PM UTC

Boeing (BA) estimates a $3.5 billion operating cash flow loss and a GAAP loss per share of $5.46 for Q4 due to the IAM work stoppage and other factors.

Published on: January 24, 2025, 03:02 PM UTC

Tariffs on Canadian cars would hurt US automakers and consumers, a new report says.

Published on: January 24, 2025, 02:04 PM UTC

MidWestOne Financial Group, Inc. (MOFG) reported fourth-quarter net income of $16.3 million, or 78 cents per share. Adjusted earnings were 77 cents per share. Revenue was $89.1 million. For the year, the company reported profit of $60.3 million, or $3.54 per share. Revenue was $69.3 million.

Published on: January 23, 2025, 10:07 PM UTC

NY-based banks Valley National Bank and Dime Community Bancshares project increased profits in 2025 thanks to balance sheet improvements, reduced CRE exposure, and increased deposits via strategic initiatives and acquisitions from failed banks.

Published on: January 23, 2025, 09:05 PM UTC

CNN lays off 6% of workforce (200 staffers) as part of a digital-first transformation. The revamp includes a new streaming product, digital ad focus, website refresh, and a lifestyle-oriented digital offering.

Published on: January 23, 2025, 05:01 PM UTC

Commerzbank calls UniCredit's approach "hostile" as tensions escalate over potential takeover bid.

Published on: January 23, 2025, 09:03 AM UTC