Tag: travel

US stocks rallied on Tuesday, with tech giants leading the way, as investors evaluated China's immediate retaliation to US President Donald Trump's additional tariffs and the possibility of a trade war. Traders also absorbed the latest jobs data, which indicated a sharper-than-expected decline in job openings in December. Investors continue to monitor any indicators of a labor market cooling as the Federal Reserve weighs future interest rate cuts amidst persistent inflation.

Published on: February 04, 2025, 11:02 PM UTC

Hanover Insurance Group Inc. reports fourth-quarter earnings of $167.9 million, topping Wall Street expectations.

Published on: February 04, 2025, 10:09 PM UTC

FMC reports a Q4 loss of $16.3 million, or 13 cents per share, but beats earnings expectations with $1.79 per share, adjusted for one-time items. Revenue falls short of estimates at $1.22 billion. For Q1, FMC anticipates earnings in the range of 5-15 cents per share and revenue between $750-$800 million. Full-year expectations include earnings of $3.26-$3.70 per share and revenue of $4.15-$4.35 billion.

Published on: February 04, 2025, 10:08 PM UTC

Enova International (ENVA) reported Q4 EPS of $2.30, $0.28 above the Zacks Consensus Estimate. Revenue came in at $729.6 million, versus the consensus of $714 million.

Published on: February 04, 2025, 10:06 PM UTC

Fox unveils plans for direct-to-consumer streaming service as Venu Sports venture falls apart. The new platform will target cord-cutters and cord-nevers, with modest subscriber expectations and competitive pricing.

Published on: February 04, 2025, 10:03 PM UTC

US stocks closed higher on Tuesday, led by Big Tech, as investors assessed China's swift retaliation to the US's increased tariffs and the potential consequences of a trade conflict. Traders also digested new employment information, which revealed a larger-than-anticipated decrease in job vacancies in December. Investors continue to watch for signs of a downturn in the labor market as the Federal Reserve deliberates potential interest rate reductions in light of persistent inflation. The Dow Jones Industrial Average (^DJI) climbed roughly 0.3%, while the S&P 500 (^GSPC) gained roughly 0.7%. Following losses on Monday, the Nasdaq Composite (^IXIC), which is heavily weighted toward technology, gained nearly 1.4%.

Published on: February 04, 2025, 10:01 PM UTC

Republican lawmakers announce plans for stablecoins bill and regulatory framework to bring clarity to digital asset industry in the United States.

Published on: February 04, 2025, 10:01 PM UTC

Trump strengthens economic pressure on Iran, aiming to cut off oil exports and limit nuclear weapon development.

Published on: February 04, 2025, 09:05 PM UTC

US stocks climbed higher on Tuesday, buoyed by a strong showing from technology companies, as investors assessed the ongoing trade tensions between the US and China. The Dow Jones Industrial Average gained 0.3%, the S&P 500 rose 0.7%, and the Nasdaq Composite jumped 1.3%. Tech giants Apple, Amazon, Microsoft, and Alphabet all contributed to the gains, while chipmaker Nvidia surged after reporting better-than-expected earnings. The positive market sentiment was also supported by optimism surrounding a potential trade deal between the US and China, with President Donald Trump hinting at a "great deal" in the works.

Published on: February 04, 2025, 09:02 PM UTC

Archer-Daniels-Midland slashes costs and cuts staff amid commodity downturn, trade war uncertainty. The company forecasts a possible third straight annual earnings drop in 2025.

Published on: February 04, 2025, 09:00 PM UTC