Posts with tag: technology
Chicago Fed's Goolsbee: Inflation data eases concerns, but tariffs a worry
Published on: January 31, 2025, 04:00 PM UTC
Tompkins Financial Corp. reports $19.7 million in net income for its fourth quarter, with earnings of $1.37 per share and revenue of $110.9 million.
Published on: January 31, 2025, 03:05 PM UTC
US stocks rose on Friday after solid earnings from Apple and as the Federal Reserve's preferred inflation gauge matched expectations. Investors also braced for a looming tariff deadline. The tech-heavy Nasdaq Composite climbed 1.2%, while the S&P 500 and Dow Jones Industrial Average gained moderately, coming off on Thursday's gains.
Published on: January 31, 2025, 03:04 PM UTC
Walgreens Boots Alliance Inc. suspends dividend after 92 years to conserve cash and revive the business. Shares dropped 15% on the news.
Published on: January 31, 2025, 03:04 PM UTC
Commerzbank announces share buyback and dividend increase as CEO Orlopp defends against potential UniCredit takeover.
Published on: January 31, 2025, 03:04 PM UTC
Elon Musk promete robotaxi Tesla "trong tự nhiên" vào mùa hè này. Các nhà đầu tư hoài nghi khi Musk đã đưa ra nhiều lời hứa lớn trong quá khứ mà không giữ lời. Tesla đang tụt hậu so với Waymo về robotaxi và phải đối mặt với những thách thức về quy định và chấp nhận của công chúng. Musk đang vận động chính phủ Trump nới lỏng quy định để đẩy nhanh sự phát triển của xe tự lái. Các nhà phân tích không còn tin vào thời gian dự kiến ra mắt của Musk và tin rằng Tesla đang chuyển đổi thành một công ty AI và robot.
Published on: January 31, 2025, 03:03 PM UTC
The Federal Reserve's preferred inflation gauge, the core Personal Consumption Expenditures (PCE) index, rose 0.2% in December, meeting expectations and remaining above the Fed's 2% target.
Published on: January 31, 2025, 03:02 PM UTC
President Trump's proposed tariffs create uncertainty in markets, with potential outcomes ranging from negligible to a 27% average effective tariff rate. The impact on inflation and Fed interest rate plans remains unclear, as variables like retaliation and consumer response are unknown.
Published on: January 31, 2025, 03:01 PM UTC
UPS shares fall after company cuts ties with Amazon, focusing on more profitable business. The move is expected to impact Amazon's last-mile delivery and benefit competitors like FedEx. UPS targets higher-margin segments but faces challenges due to increased costs and a fragmented market.
Published on: January 31, 2025, 03:01 PM UTC
Trump's tariffs add uncertainty to markets as questions remain about details, including whether they will apply to oil. Analysts say tariffs could impact inflation and Fed's interest rate plans.
Published on: January 31, 2025, 03:00 PM UTC