Tag: technology

Toronto-Dominion Bank to sell its equity investment in Charles Schwab Corp. via a secondary stock offering.

Published on: February 10, 2025, 01:05 PM UTC

US tech giants respond to Chinese AI startup DeepSeek's innovations, shaping outlook for AI investments, strategies, and industry dynamics.

Published on: February 10, 2025, 01:03 PM UTC

Listen and subscribe to Opening Bid on Apple Podcasts, Spotify, or wherever you get your podcasts. AI's impact on the workforce: experts share their perspectives on AI's role in the future of work, from replacing routine tasks to creating new jobs.

Published on: February 10, 2025, 01:02 PM UTC

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Published on: February 10, 2025, 01:01 PM UTC

Rockwell Automation (NYSE:ROK) missed Q4 revenue estimates but exceeded earnings per share (EPS) expectations, leading to a 6.2% stock surge. Despite falling revenue, profitability metrics improved, including operating margin and adjusted EPS beat, indicating operational efficiency.

Published on: February 10, 2025, 01:00 PM UTC

BP shares surge after Elliott's stake revealed, with investors hoping for change amid disappointing earnings predictions. Murray Auchincloss set to present new company strategy on February 26th.

Published on: February 10, 2025, 12:05 PM UTC

Mexico's central bank chief says the country's inflation slowdown allows for further interest rate cuts, but tariffs pose a risk.

Published on: February 10, 2025, 12:04 PM UTC

BP's shares rise after Elliott Management takes a stake in the energy giant. The activist investor is known for pushing for significant changes at companies, including strategy shifts, CEO departures, and even corporate breakups. BP has struggled in recent years, and Elliott is likely to pressure the company to improve its performance and shareholder value.

Published on: February 10, 2025, 12:04 PM UTC

Activist Robby Starbuck targets JPMorgan Chase over DEI initiatives, prompting CEO Jamie Dimon to defend the bank's commitment to diversity, equity, and inclusion. Amidst growing political debate, companies across industries are re-evaluating their DEI policies, with some reversing course while others remain steadfast.

Published on: February 10, 2025, 12:02 PM UTC

Despite looming tariffs, the stock market continues to trade near record highs. This is surprising considering tariffs could harm earnings, the most critical factor driving stock prices. However, investors may anticipate short-lived or less burdensome tariffs. Analysts warn that tariffs could decrease S&P 500 EPS by 2-3%, potentially impacting two-thirds of this year's EPS growth. Despite the threat of tariffs, earnings continue to perform well, with Q4 EPS growth exceeding expectations. As earnings remain the primary driver of stock prices, strong earnings could mitigate the negative effects of tariffs. Historically, earnings have contributed significantly to the S&P 500's total return, indicating their importance in determining stock prices. The labor market remains strong, with job growth and low unemployment. Wage growth is ticking up, while job openings are falling, suggesting a gradual cooling in the job market. Layoffs remain low, and hiring continues to exceed layoffs. Consumer sentiment has declined, but card spending data shows resilience. Gas prices are rising, while supply chain pressures remain loose. Business investment activity remains at record levels, and services and manufacturing surveys signal growth. Construction spending and mortgage rates are trending lower. Office occupancy is increasing, and GDP growth estimates remain positive. While the market is near all-time highs, the long-term outlook remains favorable as earnings growth is expected to continue. However, investors should stay vigilant and consider potential risks such as geopolitical turmoil, energy price volatility, and economic recessions.

Published on: February 10, 2025, 12:01 PM UTC