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Fed Holds Steady, But Inflation Concerns May Force Wait-and-See Approach

The Federal Reserve is adopting a wait-and-see approach before adjusting interest rates, due to a strong economy and inflation concerns. A new GDP report shows positive consumer spending growth, while a PCE inflation report due out Friday could reinforce the Fed's cautious stance.

Comcast Earnings: Broadband Struggles Drag Down Stock

Comcast's stock dropped after reporting a loss in broadband and TV customers, despite announcing strategic changes and the spin-off of its cable properties to combat cord-cutting and mobile competition.

Ambani Family Wins Bidding Battle for London's Oval Invincibles

Billionaire Ambani family wins bidding battle for a stake in the Oval Invincibles cricket team in London, beating out private equity firms and Silicon Valley executives.

Walmart Canada Invests $4.51B in New Stores, Supply Chain Expansion

Walmart Canada invests $4.51 billion to build new stores, expand supply chain, open 5 new supercenters, modernize distribution centers, and sell its fleet business to Canada Cartage.

US GDP Grows at Solid 2.3% Pace in Fourth Quarter

The US economy expanded at a solid 2.3% in the fourth quarter of 2024, driven by strong consumer spending and a surge in demand from consumers. However, the economy faces challenges such as a decline in nonresidential fixed investment and the threat of tariffs.

Continental to Close Four Plants, Impacting 580 Employees

Continental's ContiTech division to close four plants, affecting 580 employees

ECB Rate Cut Signals Continued Fight Against Low Inflation Amid Trade Concerns

European Central Bank cuts interest rates, keeps more easing on the table due to weak economy and inflation concerns.

U.S. Economy Ends 2024 on Solid Note

The American economy expanded at a 2.3% annual rate in Q4 2024, driven by strong consumer spending. Inflationary pressure persisted, with the PCE index rising 2.3% and core PCE inflation rising 2.5%.

Metaverse: Reality Labs Losses Rise, Raising Questions About Profitability

Meta's Reality Labs division continues to lose billions, but CEO Mark Zuckerberg remains optimistic about the metaverse's future. Analysts question whether the metaverse will ever turn a profit, while Meta's stock has risen due to investor enthusiasm for AI.

Sirius XM beats estimates with Q4 profit, revenue

Sirius XM posts strong Q4 revenue of $2.19B, topping estimates; reports loss for the year