Posts with tag: technology
US stocks drop as UnitedHealth's losses drag on Dow; retail & housing data eyed
Published on: February 21, 2025, 04:02 PM UTC
Wall Street may be facing a correction thanks to upcoming options expirations, which include $2.7 trillion in stock market derivatives.
Published on: February 21, 2025, 04:00 PM UTC
US stocks trade mixed; S&P 500, Nasdaq on track for weekly gains while Dow Jones Industrial Average heads for a loss. UnitedHealth's probe by the Department of Justice weighs on Dow. Walmart's tariff concerns impact sentiment. Celsius Holdings surges after $1.8 billion Alani Nutrition acquisition.
Published on: February 21, 2025, 03:04 PM UTC
Reddit (RDDT) stock has lost 19% since earnings, despite user growth and advertising revenue gains. CEO Steve Huffman sold $70.5 million worth of shares, the largest sale to date.
Published on: February 21, 2025, 03:01 PM UTC
US business activity nearly stalled in February amid mounting fears over tariffs and government spending cuts, erasing the momentum seen after President Trump's election victory. A survey by S&P Global shows the composite PMI output index fell to 50.4, the lowest since September 2023, as companies express concerns about federal government policies and uncertainty caused by the changing political landscape.
Published on: February 21, 2025, 03:00 PM UTC
Azul's board OKs capital increase in out-of-court restructuring
Published on: February 21, 2025, 03:00 PM UTC
Walmart stock hits one-year low on weak 2025 outlook, analysts remain bullish
Published on: February 21, 2025, 02:05 PM UTC
The Senate passes a budget plan that includes $340 billion in new spending on military and border security. While the House's more ambitious tax cut plan remains in limbo, the Senate's plan provides a backup option for raising the debt ceiling and addressing urgent funding needs. However, the House's plan faces challenges from moderates and conservatives within the party, and its passage is not guaranteed.
Published on: February 21, 2025, 02:04 PM UTC
Rivian (RIVN) reported strong Q4 results with a gross profit of $170 million, lower EBITDA losses, and production of 49,476 vehicles in 2024. The stock initially dipped in premarket trading but gained in after-hours. Rivian faces regulatory uncertainties regarding the EV tax credit and a $6.6 billion DOE loan.
Published on: February 21, 2025, 02:03 PM UTC
Walmart shares tumbled 6.23% Thursday after the retailer issued a weaker-than-expected 2025 outlook. Analysts remain bullish, citing the company's consistent performance and strong market position.
Published on: February 21, 2025, 02:01 PM UTC