Posts with tag: technology
Merck (MRK) stock price drops 11% following mixed Q4 earnings report. Revenue and EPS guidance misses expectations, with competition and weak China demand cited as factors.
Published on: February 04, 2025, 06:04 PM UTC
US stocks rallied on Tuesday amid concerns over a possible trade war between the US and China, as investors assessed China's response to President Trump's latest round of tariffs. Job openings declined more than anticipated, indicating a potential cooling in the labor market. The Dow Jones Industrial Average gained 0.2%, the S&P 500 rose 0.7%, and the Nasdaq Composite jumped 1.2%. Alphabet's Google is facing an antitrust investigation in China.
Published on: February 04, 2025, 06:01 PM UTC
Gold hits new all-time high as Trump's tariffs trigger haven demand amid trade-war fears
Published on: February 04, 2025, 05:04 PM UTC
This article discusses Donald Trump's latest tariff approach, which differs significantly from his previous approach. The rapid implementation of duties, the wider range of consumer goods affected, and the use of tariffs as leverage in negotiations are all novel aspects of Trump's current strategy. The article also explores the reactions of other countries, which have had time to prepare for retaliatory measures, and analyzes the potential economic and political implications of Trump's trade policies.
Published on: February 04, 2025, 05:02 PM UTC
Ferrari's Q4 earnings beat expectations, with a 14% increase in global sales and a 15% jump in EBITDA. The automaker also raised its 2025 guidance and announced plans to unveil its first EV in October.
Published on: February 04, 2025, 05:01 PM UTC
Fox Enters Streaming Market with New Service Targeting Cord-Cutters and Cord-Nevers
Published on: February 04, 2025, 05:01 PM UTC
The Federal Reserve terminated two enforcement actions against Wells Fargo but maintained the asset cap imposed in 2018. CEO Scharf acknowledges the progress, indicating a shift towards improved compliance and regulatory adherence at Wells Fargo.
Published on: February 04, 2025, 05:00 PM UTC
US Stocks Surge as China Responds with Tariffs Amidst Trade War Fears
Published on: February 04, 2025, 04:07 PM UTC
Trump tariffs on Chinese e-commerce could significantly impact the air cargo industry, potentially leading to a sharp drop in volumes and rates. Chinese e-tailers have been major drivers of air cargo growth, using e-commerce platforms like Shein and Temu to ship low-value goods directly to consumers. With the elimination of duty-free privileges, these companies may shift to ocean shipping or bulk shipments, reducing demand for airfreight and pressuring rates.
Published on: February 04, 2025, 04:06 PM UTC
KKR's capital markets unit reports record annual fees of $1 billion, driven by growth in structured-credit transactions.
Published on: February 04, 2025, 04:05 PM UTC