Tag: wildlife

A recent advancement in artificial intelligence has shaken asset prices, potentially paving the way for broader stock strength beyond the tech sector that has dominated the market. Market leadership has been concentrated in tech megacaps known as the Magnificent Seven, but analysts anticipate a shift as earnings improve. Recent market performance suggests a "broadening" tilt away from tech, with growth stocks lagging and value stocks gaining ground. Despite tech's rebound, investors are exploring opportunities in other sectors, expecting a spread of stock strength supported by earnings trends.

Published on: January 29, 2025, 12:05 PM UTC

Target's recent rollback of diversity, equity, and inclusion initiatives raises questions about its philanthropic commitment to fighting racial disparities. The company has made significant donations to organizations supporting Black economic empowerment and LGBTQ+ acceptance, but some now wonder if these remain a priority. Target's changes align with a conservative backlash against DEI efforts, and philanthropic advisors say it may cool support from some funders. The move has also influenced how Target partners with organizations, with some choosing to end relationships due to the company's shift in priorities.

Published on: January 28, 2025, 11:03 PM UTC

Renasant Corp. reported fourth-quarter earnings of $44.7 million, beating Wall Street expectations. The bank posted $259.6 million in revenue.

Published on: January 28, 2025, 10:05 PM UTC

Smithfield Foods Inc. shares rose 2% in their return as a public company after an IPO priced below the offered range. The world's largest pork producer has a market value of around $8 billion and sells under well-known brands like Eckrich and Nathan's Famous.

Published on: January 28, 2025, 07:04 PM UTC

The Nasdaq and S&P 500 rebounded on Tuesday, following a sharp tech stock sell-off spurred by concerns of over-confidence in Big Tech's AI investments. Investors are also assessing a return to a tougher tone on tariffs from President Donald Trump, ahead of the start of a Federal Reserve meeting where the impact of his policies is likely to be discussed.

Published on: January 28, 2025, 06:02 PM UTC

Wall Street banks plan to sell Twitter debt as Musk's platform improves and Trump's presidency boosts dealmaking optimism.

Published on: January 28, 2025, 04:04 PM UTC

JPMorgan in talks to lease former Credit Suisse offices in London's Canary Wharf

Published on: January 28, 2025, 02:07 PM UTC

Sandy Spring Bancorp Inc. (SASR) reports a Q4 loss of $39.5 million, or 87 cents per share. Adjusted for impairments and M&A costs, EPS came in at 47 cents per share. Revenue reached $192.7 million. For the year, the company reported a profit of $19.9 million, or 44 cents per share, and revenue of $406.4 million.

Published on: January 28, 2025, 01:06 PM UTC

Tech stocks plummeted on Monday due to growing concerns about US artificial intelligence (AI) dominance and the rise of Chinese AI startup DeepSeek. The Nasdaq Composite (^IXIC) sank over 3%, while the S&P 500 (^GSPC) dropped nearly 1.5%. AI bellwether Nvidia (NVDA) plunged nearly 17%, wiping out a record $589 billion in market value. DeepSeek's AI model reportedly uses cheaper chips and less data than leading models, leading investors to question the future of AI demand-driven growth. Other tech giants, including Apple (AAPL), Meta (META), and Microsoft (MSFT), also faced losses. The Federal Reserve's upcoming policy meeting and President Trump's trade war concerns added pressure to the market. However, defensive stocks gained, including Johnson & Johnson (JNJ) and Procter & Gamble (PG), helping to soften the blow to the Dow Jones Industrial Average (^DJI) which ended the day with a modest gain.

Published on: January 28, 2025, 11:02 AM UTC

Dollar Strengthens as Trump's Tariff Threats Raise Trade Concerns

Published on: January 28, 2025, 11:00 AM UTC