Posts with tag: tech
Gold prices rise as Goldman Sachs analysts predict a surge in demand due to potential US tariffs, reiterating their bullish outlook with a $3,000 per troy ounce forecast.
Published on: January 31, 2025, 05:01 PM UTC
Gentex Corp. (GNTX) reported a Q4 EPS of $0.39, below the $0.49 estimate. Revenue was $541.6 million, also missing the $602 million estimate. For the year, the company reported a profit of $404.5 million, or $1.76 per share, on $2.31 billion in revenue. Gentex expects full-year revenue in the range of $2.4 billion to $2.45 billion.
Published on: January 31, 2025, 02:06 PM UTC
DeepSeek's AI breakthrough raises questions about tech giants' AI infrastructure spending. Microsoft and Meta CEOs remain bullish, emphasizing the long-term benefits and ubiquity of AI.
Published on: January 31, 2025, 11:02 AM UTC
World markets mostly rose on Friday after Tesla, IBM and Meta Platforms reported strong profits. European markets opened higher after the ECB cut rates, while the Nikkei 225 rose in Tokyo after Japan's core inflation rate hit 2.5%.
Published on: January 31, 2025, 10:01 AM UTC
Canadian National Railway Co. (CNI) reported fourth-quarter profit of $819.1 million, below analysts' expectations of $1.37 per share. However, revenue of $3.11 billion exceeded forecasts of $3.07 billion. For the year, CNI reported profit of $3.25 billion.
Published on: January 30, 2025, 10:08 PM UTC
Meta (META), Microsoft (MSFT) CEOs downplay DeepSeek AI threat, say it will ultimately benefit their companies despite concerns over Big Tech's AI spending.
Published on: January 30, 2025, 10:02 PM UTC
Tesla pledges return to growth in 2025 after disappointing Q4 results. Revenue rose just 1% in 2024, while profits fell sharply. Tesla expects auto business to return to growth in 2025, with FSD coming to Austin, Texas, in June.
Published on: January 30, 2025, 09:03 PM UTC
UPS (UPS) stock dropped 15% after it announced it would cut deliveries for Amazon (AMZN) by more than 50% by the second half of 2026. UPS made this decision to drive profitability long term.
Published on: January 30, 2025, 09:01 PM UTC
DeepSeek, an AI startup, shakes up the AI market, raising questions about the future of AI training costs and the valuations of companies like Nvidia (NVDA) and Microsoft (MSFT).
Published on: January 30, 2025, 04:03 PM UTC
US stocks rebounded on Thursday, with the Nasdaq and S&P 500 eyeing a comeback as investors digest megacap tech earnings and await Apple (AAPL) results for more clues on prospects for Big Tech.
Published on: January 30, 2025, 03:06 PM UTC