Posts with tag: technology
Apollo Global Management's wealth business drives strong results, with record capital gains and a 50% increase in assets from the sector.
Published on: February 04, 2025, 02:04 PM UTC
Morning Brief: Market swings on tariff uncertainty; investors pricing in risk
Published on: February 04, 2025, 02:03 PM UTC
Brazilian central bank's meeting minutes reveal concerns over inflation above tolerance range for next six months due to rising food prices and elevated service costs. The bank signals further interest rate hikes may be necessary to bring inflation under control.
Published on: February 04, 2025, 02:01 PM UTC
Indonesia amends state-owned enterprises law, paving way for new investment agency Danantara, which will manage billions of dollars in state assets. The move aims to boost economic growth and mobilize funding for key projects.
Published on: February 04, 2025, 01:09 PM UTC
Lancaster Colony Corp. (LANC) reported earnings of $49 million in its fiscal second quarter. Earnings per share were $1.78, and adjusted earnings per share were $2.22. Revenue for the period was $509.3 million.
Published on: February 04, 2025, 01:07 PM UTC
Allegheny Technologies Inc. (ATI) reported fourth-quarter earnings of $137.1 million, or 94 cents per share. Adjusted earnings were 79 cents per share, exceeding Wall Street expectations. Revenue for the quarter was $1.17 billion.
Published on: February 04, 2025, 01:06 PM UTC
Madison Square Garden Co. reports second-quarter net income of $1.1 million, missing Wall Street expectations but surpassing revenue forecasts.
Published on: February 04, 2025, 01:06 PM UTC
US stocks fell on Monday in response to the Trump administration's scheduled tariff rollout against Canada and China, with the tech-heavy Nasdaq Composite (^IXIC) closing down 1.2%. The announcement sparked fears of an escalation of trade tensions and its impact on corporate earnings. Investors closely monitored the developments, with major averages paring heavier losses after President Trump said the US would delay duties on Mexican imports by a month.
Published on: February 04, 2025, 01:03 PM UTC
Automaker stocks fell Monday after President Trump's announcement of tariffs on goods from Canada and Mexico, with shares of GM, Ford, Toyota, and Honda closing down at least 2%.
Published on: February 04, 2025, 01:03 PM UTC
A potential tariff on Mexico and Canada would hit Japanese automaker Nissan hard, as the US is its top market and it sources 27% of its US sales from Mexico. Nissan is struggling financially and the tariff would wipe out its operating profit if it did not take action. Toyota and Honda are better prepared to handle the tariffs, but the move would still be a burden for them. Hyundai, which does not have any plants in Mexico or Canada, would not be hit as hard by the tariffs.
Published on: February 04, 2025, 01:00 PM UTC