Tag: technology

Mortgage rates remained steady this week despite market volatility, with 30-year rates at 6.95% and 15-year rates at 6.12%. Higher rates and limited supply continue to pose affordability challenges for homebuyers.

Published on: January 30, 2025, 11:03 PM UTC

Fed Holds Rates Steady; GDP, Inflation Data Expected to Bolster Wait-and-See Approach

Published on: January 30, 2025, 11:02 PM UTC

US stocks gained momentum Thursday afternoon as investors digested earnings from megacap tech companies and awaited Apple (AAPL) results for further insights into Big Tech's prospects. The S&P 500 (^GSPC) rose 0.5%, the Dow Jones Industrial Average (^DJI) climbed 0.4%, and the Nasdaq Composite (^IXIC) gained 0.3%. In earnings news, Microsoft (MSFT) shares plunged 6% after its quarterly cloud revenue fell short of expectations, while Meta (META) beat on earnings, buoying its stock. Tesla (TSLA) shares also rose despite an earnings miss, with investors focusing on its commitment to renewed growth by 2025. Meanwhile, President Trump's renewed threats of tariffs on Mexico and Canada caused a spike in the US dollar index before closing flat. Investors also parsed the Federal Reserve's decision to hold interest rates steady, turning to corporate earnings reports for guidance.

Published on: January 30, 2025, 11:01 PM UTC

Laurel Road's HYSA offers a 4.00% APY with no minimums or monthly fees. It's an online-only account with high yield and no maintenance costs, making it a great choice for saving and earning interest.

Published on: January 30, 2025, 11:00 PM UTC

Deckers (DECK) surprises with Q4 revenue beat, but stock drops 15.8% due to slightly missed full-year guidance. Should you buy DECK after the earnings release? Read our full research report to find out.

Published on: January 30, 2025, 10:09 PM UTC

Meta Platforms and Tesla boost U.S. stocks after earnings reports. S&P 500 climbs 0.5%, Dow gains 0.4%, and Nasdaq adds 0.3%. Treasury yields dip after GDP report shows solid growth but slower than expected.

Published on: January 30, 2025, 10:08 PM 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

SkyWest Inc. surpassed Q4 expectations with $97.4 million in earnings, $2.34 EPS, and $944.4 million in revenue. For the year, revenue reached $3.53 billion with $323 million in profit or $7.77 EPS.

Published on: January 30, 2025, 10:07 PM UTC

Cavco Industries Inc. (CVCO) reports $56.5 million in net income for its fiscal third quarter, with earnings per share of $6.90 and revenue of $522 million.

Published on: January 30, 2025, 10:07 PM UTC

The Bancorp Inc. reports Q4 net income of $55.9 million, or $1.15 per share, on revenue of $522.7 million. For the year, the company reported profit of $217.5 million, or $4.29 per share.

Published on: January 30, 2025, 10:05 PM UTC