Tag: web development

U.S. stock futures trade mixed as investors await key jobs report and digest Amazon's disappointing revenue outlook. The nonfarm payrolls data, expected to show 170,000 jobs added in January, will be closely watched for clues on the labor market's health.

Published on: February 07, 2025, 01:02 PM UTC

Elon Musk's growing unpopularity threatens his influence over Trump. A recent poll shows declining support for Musk's government role, particularly among Republicans. Steve Bannon, a Trump adviser, has publicly denounced Musk as "evil." Despite Musk's progress in cutting government agencies, legal challenges and constitutional concerns loom.

Published on: February 07, 2025, 10:01 AM UTC

Google and Meta back away from diversity hiring targets amid political scrutiny, while Apple, Microsoft, and JPMorgan remain committed despite increasing pressure.

Published on: February 07, 2025, 09:02 AM UTC

Stay up to date with all the latest stock market news. Find out how leading companies performed in their recent earnings quarters, including Amazon, Salesforce, Honeywell, and more. Get insights into market trends, potential risks and opportunities, and how economic factors are impacting stock movements. Follow us for the latest financial news and expert analysis.

Published on: February 07, 2025, 08:01 AM UTC

Wall Street banks sold $5.5 billion in debt tied to Elon Musk's 2022 Twitter buyout, reflecting growing confidence in Musk and X, the social media platform formerly called Twitter. Investors purchased the loans at a higher price than expected, signaling a more positive view of X and Musk's role in Washington D.C.

Published on: February 07, 2025, 07:02 AM UTC

US stocks saw mixed performances on Thursday, as investors awaited Amazon's quarterly results amidst an earnings season marked by company warnings and concerns over AI demand. The Dow Jones Industrial Average fell 0.3%, while the S&P 500 and tech-heavy Nasdaq Composite rose 0.3% and 0.5%, respectively. Investors eagerly anticipated Amazon's earnings report, following disappointing cloud sales from Alphabet. Treasury Secretary Scott Bessent eased pressure on the Federal Reserve, indicating Trump's desire to lower 10-year Treasury yields rather than push for lower interest rates. Jobless claims rose slightly to 219,000, ahead of the monthly jobs report on Friday, which will provide insights for Fed decision-making. Tech-related results are also being scrutinized for signals about AI demand strength.

Published on: February 07, 2025, 03:02 AM UTC

Japan must improve its fiscal health due to the risks of natural disasters and increasing social security costs, the IMF warns. The IMF recommends Japan find ways to accommodate fiscal spending needs without increasing deficits. Japan has the largest public debt burden among developed nations, and its debt servicing costs are projected to jump 25% by fiscal year 2028.

Published on: February 07, 2025, 03:00 AM UTC

US stocks traded mixed on Thursday as investors awaited Amazon's quarterly results, assessed the earnings season, and monitored President Trump's policy changes. The Dow Jones Industrial Average fell slightly, while the S&P 500 and Nasdaq Composite gained moderately, supported by tech and chip-related earnings. Investors were scrutinizing AI demand signals and incoming earnings for any company warnings, while Treasury Secretary Scott Bessent eased pressure on the Federal Reserve by suggesting Trump's aim to lower 10-year Treasury yields rather than push for lower interest rates. Amid inflation concerns, jobless claims rose slightly, providing clues for Fed decision-making. The earnings season continued with Amazon reporting mixed results, revealing challenges in the cloud segment, while Nvidia stock surged. Ford's muted guidance led to a decline in its shares, while Apple supplier Skyworks faced concerns over a competitor impact. Tariff threats on lumber raised concerns for builders' margins, while a prolonged job search period for Americans added to the labor market challenges. Shares of Salesforce and Honeywell declined due to management changes and a three-way split announcement, respectively. Arm and Qualcomm stocks fell as investors questioned the pace of AI-driven demand for their chips, while Tesla's stock extended losses amid concerns about CEO Elon Musk's political involvement. Peloton's strong sales results lifted its stock, while Honeywell's split into three companies weighed on its share price. The European markets also saw gains, with the FTSE 100 rising after the Bank of England's interest rate cut.

Published on: February 06, 2025, 11:02 PM UTC

Werner Enterprises Inc. (WERN) reported fourth-quarter profit of $11.9 million, below expectations, with earnings of 8 cents per share. Revenue missed forecasts at $754.7 million.

Published on: February 06, 2025, 10:09 PM UTC

Gemini, the cryptocurrency exchange backed by the Winklevoss twins, is exploring an initial public offering (IPO) as soon as this year.

Published on: February 06, 2025, 09:01 PM UTC