Tag: science

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Plains All American Pipeline Reports Q4 Earnings Miss

Plains All American Pipeline L.P. (PAA) reported a fourth-quarter loss of 4 cents per share, missing Wall Street expectations. Adjusted earnings were 42 cents per share on revenue of $12.4 billion.

Fortive Beats on Earnings, Misses on Revenue

Fortive Corp. (FTV) beats Q4 earnings estimates: reported EPS of $1.17, revenue of $1.62B; view Zacks' report: https://www.zacks.com/ap/FTV

Expedia Tops Bookings Estimates as Travel Demand Stays Strong

Expedia Group reports better-than-expected gross bookings for Q4 2024, indicating strong travel demand during the holiday season.

US Equity Funds See Fourth Weekly Outflow on Geopolitical, Tech Earnings Worries

U.S. equity funds saw their fourth weekly outflow in five amid heightened geopolitical risks and weaker earnings from key tech companies.

Oil Slumps as China Tariffs, Iran Sanctions Weighed

Oil heads for third weekly decline as Trump-China trade concerns outweigh Iran sanctions

Electric SUV Maker Scout Motors Seeks to Change South Carolina Dealership Laws

Volkswagen-backed Scout Motors is betting big on the electric SUV market with a unique experience that allows customers to buy vehicles directly through an app. However, South Carolina's laws currently require all new autos to be purchased through dealerships. Scout is advocating for changes to the law to enable direct sales and enhance customer convenience.

Chinese Teapots Slash Operating Rates to Pandemic Lows as US Sanctions Hit

Private oil processors in China slash operating rates to pandemic lows as US sanctions on Russia cut key crude supply, squeezing margins.

IMF Sees Japan Raising Rates to Neutral by 2027

IMF Sees Japan Raising Interest Rates to Neutral Level by 2027, Economy to Expand 1.1%

JPMorgan Highlights Potential Losers from Chinese AI Disruptor DeepSeek

DeepSeek, a Chinese AI startup, has developed a model using less capital and inferior Nvidia chips, sending shockwaves through the stock market. JPMorgan identifies potential losers including Amphenol, Caterpillar, and Intel due to reduced training and inference costs, potentially shifting value to the application layer and infrastructure layer.

Illumina Forecasts 2025 Revenue Below Estimates Amid Subdued Demand

Illumina predicts 2025 revenue below expectations, with shares falling nearly 4% in extended trading. Annual revenue is estimated at $4.28 billion-$4.4 billion, below the analysts' average estimate of $4.39 billion.