Tag: social media

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Applied Materials Forecasts Q2 Revenue Below Estimates on China, Memory Demand Concerns

Applied Materials forecasts Q2 revenue below estimates due to geopolitical tensions, weaker demand for memory chips, and US export restrictions on China.

Treasuries Rise as Trump’s Tariff Vows Spark Growth Concerns

Treasury yields fell as investors bet the latest inflation data was overblown, while Trump's tariff vows raised concerns about growth.

January Wholesale Prices Rise More Than Expected

Wholesale prices in the US rose by more than expected in January due to higher food and energy costs, limiting progress on inflation ahead of tariffs imposed by the Trump administration.

US Wholesale Prices Rise 0.4% in January, Thwarting Rate Cut Hopes

Wholesale prices in the US unexpectedly rose in January, indicating a pause in the progress against inflation. Core producer prices, excluding food and energy, also increased, casting doubt on expectations for lower interest rates in 2025.

U.S. Jobless Claims Fall to 213,000 Despite Inflation Woes

Weekly jobless claims dip in the U.S. as labor market remains healthy despite inflation concerns. The number of initial unemployment claims fell by 7,000 to 213,000 for the week ending February 8th.

Apptronik Raises $350 Million to Join Google, Tesla in Humanoid Robot Race

Google invests in Apptronik's humanoid robot as the industry heats up, with a potential market of $7 trillion by 2050.

Datadog Q4 Earnings Beat Expectations

Datadog, Inc. reported a Q4 net income of $45.6 million, beating Wall Street expectations of 43 cents per share with 49 cents per share. The data analytics and cloud monitoring company's revenue reached $737.7 million, topping forecasts of $711.6 million.

CFPB Chief Says Only Congress Can Shutter Agency, Setting Up Legal Battle with Trump

Democratic Sen. Elizabeth Warren says the law gives Congress sole power to abolish the Consumer Financial Protection Bureau, setting up a possible legal clash with President Trump, who's moved to freeze the agency's work.

Egg Prices Soar to Record Highs, But Grocers Are Doing Everything They Can to Keep Them Affordable

Egg prices hit a record high and are expected to go higher. Grocers are using loyalty programs, promotions, and limiting purchases to offset the cost, but they may soon have to pass on the increased costs to consumers.

Zebra Q4 Earnings Beat Estimates

Zebra Technologies beats earnings expectations for Q4 and full year; projects Q1 and full year 2023 earnings.