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Ameriprise sees 24% profit rise in Q4 on market rally, higher fees

Ameriprise Financial reports a 24% rise in profit, driven by higher fee income and a 10% jump in assets under management and administration to $1.52 trillion.

IBM profit tops Wall Street expectations

IBM reported a Q4 profit of $2.92 billion, topping expectations. Adjusted earnings came to $3.92 per share, also exceeding forecasts. Revenue of $17.55 billion fell short of estimates.

Honda Invests $1 Billion in Ohio Plants for EV, Hybrid, and Gas Vehicle Flexibility

Honda invests $1 billion in Ohio auto plants to boost EV, hybrid, and gas-powered vehicle production.

AI-Powered Hedge Fund Pivots to Develop Cutting-Edge AI

Quantitative hedge fund High-Flyer shifts focus to developing cutting-edge AI, investing heavily in AI supercomputing clusters and exploring artificial general intelligence (AGI).

ASML shares soar on strong bookings despite DeepSeek rout

ASML shares surge after strong quarterly bookings, easing bear concerns

White House Budget Freeze Triggers Confusion and Legal Challenges

A federal funding freeze order was issued and then partially blocked by the White House and a federal judge, causing confusion over which programs, like Medicaid and student loans, would be affected.

Chaos in Washington: White House's Spending Freeze Backtracks, Legal Challenges Loom

White House walks back federal spending freeze, but chaos ensues as lawmakers scramble to understand impact. Judge blocks funding halt, raising legal questions about Trump's executive authority.

First Commonwealth Financial Corp. Q4 Earnings Miss Estimates

First Commonwealth Financial Corp. reported earnings of $35.8 million in the fourth quarter, below Wall Street expectations. Revenue also fell short of estimates, coming in at $175.3 million. For the year, the company reported profit of $142.6 million, or $1.39 per share, on revenue of $478.1 million.

Tesla Earnings Preview: Stuck in Neutral Ahead of Delivery Update

Tesla's Q4 2024 earnings report, due after Wednesday's close, will be closely watched for updates on new vehicle timelines and potential regulatory tailwinds under the Trump administration.

OpenAI Launches ChatGPT Gov for US Government Agencies

OpenAI unveils ChatGPT Gov, a tailored version of its AI chatbot designed for US government agencies, offering streamlined access, enhanced security, and compliance for handling sensitive data.