Tag: style

Egg prices are soaring due to an avian flu outbreak. While the Fed doesn't include egg prices in core inflation measures, rising egg prices could lead to higher consumer inflation expectations, which could trigger a pull-forward in demand and upward pricing pressure. The Fed has no choice but to keep interest rates higher for longer to avoid repeating the mistakes of the 1970s.

Published on: February 14, 2025, 03:02 PM UTC

Essent Group Ltd. reported Q4 earnings of $1.67 per share, missing Wall Street expectations. For the year, the company reported profit of $729.4 million or $6.85 per share on revenue of $1.24 billion.

Published on: February 14, 2025, 12:05 PM UTC

Airlines for America, representing Delta and American, urges the Trump administration to halt a review into cash compensation for flight delays, citing increased ticket prices and canceled flights as potential consequences.

Published on: February 14, 2025, 12:00 PM UTC

US futures fluctuated as Trump imposed reciprocal tariffs, with Nasdaq futures rising 0.1%. Airbnb and GameStop surged after hours on positive news, while Palo Alto Networks fell 5% despite strong demand for its cybersecurity solutions. Sony stocks jumped 11% in Tokyo on a raised operating profit forecast and strong gaming division performance.

Published on: February 14, 2025, 08:01 AM UTC

Indian music labels including T-Series, Saregama and Sony join copyright lawsuit against OpenAI for improper use of recordings to train AI models, citing concerns over unauthorized usage and breach of copyright.

Published on: February 14, 2025, 08:00 AM UTC

Chinese President Xi Jinping to chair symposium on private sector as economy sputters

Published on: February 14, 2025, 07:00 AM UTC

US futures climb as Trump imposes reciprocal tariffs, while investors await retail sales data and Moderna earnings.

Published on: February 14, 2025, 05:01 AM UTC

Chinese stocks surge in Hong Kong on AI optimism, with the Hang Seng China Enterprises Index jumping 2.7%, driven by Xiaomi, Tencent, and Meituan. Despite concerns about AI rally overextension, analysts see Deutsche Bank calling it a "Sputnik moment" and Goldman Sachs noting hedge fund buying. Beijing's Two Sessions meeting is expected to provide further stimulus, with the Hang Sang gauge of Chinese stocks up 12% YTD.

Published on: February 14, 2025, 05:01 AM UTC

Hong Kong-listed Chinese stocks surge on AI optimism, with the Hang Seng China Enterprises Index jumping as much as 2.7%. Experts see a durable rally driven by tech progress and reduced tariff fears, but skeptics warn of excessive AI hype.

Published on: February 14, 2025, 04:00 AM UTC

DaVita (DVA) surpasses revenue expectations with a 4.7% increase, but misses on earnings guidance. Its Q4 results include a 4.3% beat on EPS. Despite revenue growth, the stock dropped post-earnings. Find out if it's a buy in our full report.

Published on: February 13, 2025, 11:01 PM UTC