Tag: research

Estée Lauder plans to cut 5,800-7,000 jobs amid slumping sales in travel retail and China, as CEO Stéphane de La Faverie unveils turnaround plans to regain market share.

Published on: February 04, 2025, 12:05 PM UTC

US tariffs on Chinese goods, including electronics, take effect, potentially impacting tech companies like Apple, AMD, Intel, and Nvidia. The impact on chipmakers and consumer prices, as well as the possibility of further tariffs on chips, remains to be seen.

Published on: February 04, 2025, 07:02 AM UTC

Spotify set to report strong Q4 earnings, driven by subscriber growth and margin expansion. Analysts expect revenue of €4.16B, EPS of €1.89, 665M MAUs, and 260M premium subscribers. Margin improvement continues, with 31.8% projected in Q4. New multiyear distribution agreement with Universal Music Group should be a highlight amidst ongoing strategic shifts.

Published on: February 04, 2025, 07:01 AM UTC

Currency traders await China's next daily yuan reference rate amid expectations that authorities may relax their grip on the currency due to Donald Trump's tariffs.

Published on: February 04, 2025, 01:00 AM UTC

Kforce Inc. (KFRC) reports a net income of $11.1 million in its fourth quarter, with revenue of $343.8 million.

Published on: February 03, 2025, 11:05 PM UTC

Bill Gates: Intel's resurgence will be 'brutally hard,' if possible at all

Published on: February 03, 2025, 11:03 PM UTC

Alphabet and Meta, tech giants, report earnings this week amidst AI advancements from DeepSeek and regulatory concerns. Google parent, Alphabet, is expected to update on AI revenue and digital ad market performance, while Meta has already reported strong results. Cloud growth and regulatory risks for both companies will be in focus for investors.

Published on: February 03, 2025, 10:02 PM UTC

Trump's new tariffs on Canada, Mexico and China are expected to impact the markets, with economists predicting a recession in Mexico and a slowdown in US growth. Some analysts see opportunities in the chaos, while others warn of the risks to companies with exposure to the impacted countries. The full impact of the tariffs is still uncertain, and markets are reacting accordingly.

Published on: February 03, 2025, 05:03 PM UTC

President Trump supports Federal Reserve's decision to hold interest rates steady; economists predict tariffs could affect inflation and rate plans.

Published on: February 03, 2025, 05:02 PM UTC

US stocks fell on Monday in response to President Donald Trump's announcement of tariffs on China, Mexico, and Canada. However, major averages pared heavy losses mid-morning after President Trump said he would delay tariffs against Mexico by a month. The tech-heavy Nasdaq Composite (^IXIC) pared losses in half to drop around 1%, while the S&P 500 (^GSPC) fell 0.6%. The Dow Jones Industrial Average (^DJI) was down 0.2%. Consumer discretionary (XLY) stocks, which includes automakers, were the hardest hit early in the day. Tech (XLK) also dragged on markets as shares of AI chip giant Nvidia (NVDA) and iPhone maker Apple (AAPL) dropped. The tariffs, set to take effect on Tuesday, will include 25% duties on Canada and Mexico, and 10% on China. Energy imports from Canada will carry a lower 10% duty. On Monday morning President Trump said he spoke with Mexican President Claudia Sheinbaum and she agreed to send 10,000 soldiers to the border to stop the flow of fentanyl, and illegal migrants into the US.

Published on: February 03, 2025, 04:01 PM UTC