Posts with tag: web development
Meta Platforms' strong performance drives "Magnificent Seven" tech stocks higher; AI spending concerns weigh on sector.
Published on: February 11, 2025, 06:03 AM UTC
US Steel shares surged 6% after President Trump announced tariffs on steel imports, potentially benefiting domestic producers like Nucor and Cleveland-Cliffs due to reduced foreign competition and increased pricing power.
Published on: February 11, 2025, 06:00 AM UTC
Futures fall, dollar and gold rise as Trump's tariffs stoke risk aversion. The S&P 500 and Nasdaq 100 contracts decline, while the dollar index ticks up. Gold briefly tops $2,921 as investors seek havens. Asian equities are mixed, with Australian and South Korean shares edging higher.
Published on: February 11, 2025, 01:00 AM UTC
Coty Inc. (COTY) reported second-quarter earnings of $23.7 million, missing Wall Street expectations. Adjusted EPS was 11 cents per share, below the 22-cent estimate, while revenue of $1.67 billion also fell short of forecasts.
Published on: February 10, 2025, 10:09 PM UTC
Columbus McKinnon Corp. (CMCO) reports a Q3 profit of $4 million, or 14 cents per share, missing estimates. Revenue came in at $234.1 million for the period.
Published on: February 10, 2025, 10:08 PM UTC
A full-scale trade war could have a negative impact on the US economy, according to Apollo Global Management chief economist Torsten Sløk. Sløk says it could lead to a "stagflationary shock," which is a period of slow growth and high inflation. The markets have so far taken the news in stride, but Sløk says investors need to take tariff risk more seriously.
Published on: February 10, 2025, 10:03 PM UTC
Disney Removed DEI Initiatives After Trump's Executive Order, Raising Questions About Company's Commitment to Diversity
Published on: February 10, 2025, 08:01 PM UTC
Billionaire Elon Musk suggests the Federal Reserve should undergo closer scrutiny, echoing comments from former Congressman Ron Paul.
Published on: February 10, 2025, 06:01 PM UTC
Tech mogul and government disruptor Elon Musk has called for greater scrutiny of the Federal Reserve, including a full audit, ahead of Fed Chair Jerome Powell's testimony to Congress.
Published on: February 10, 2025, 05:01 PM UTC
Rivian opens van orders beyond Amazon, targeting lucrative commercial EV market. Competition intensifies as Ford and Mercedes offer electric delivery vans in the rapidly growing last-mile fulfillment sector.
Published on: February 10, 2025, 05:01 PM UTC