Why the Federal Reserve could shock the markets this summer: Economist
Don't rule out a rate hike this year — maybe sooner than you think, prominent economist Torsten Sløk said.
Don't rule out a rate hike this year — maybe sooner than you think, prominent economist Torsten Sløk said.
Healthcare royalties company Royalty Pharma (NASDAQ:RPRX) missed Wall Street’s revenue expectations in Q4 CY2024, with sales flat year on year at $594 million. Its GAAP profit of $0.57 per share was significantly above analysts’ consensus estimates.
Global hospitality company Marriott (NASDAQ:MAR) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 5.5% year on year to $6.43 billion. Its non-GAAP profit of $2.45 per share was 2.7% above analysts’ consensus estimates.
E-commerce software platform Shopify (NYSE:SHOP) announced better-than-expected revenue in Q4 CY2024, with sales up 31.2% year on year to $2.81 billion. The company expects next quarter’s revenue to be around $2.33 billion, close to analysts’ estimates. Its GAAP profit of $0.99 per share was significantly above analysts’ consensus estimates.
Coca-Cola reported better-than-expected fourth-quarter results, sending shares of the world's biggest soft drink maker higher Tuesday.
The damaging impact of Rachel Reeves as Chancellor continues to be revealed in every nook and cranny of the economy.
Heating, ventilation, air conditioning, and refrigeration company Carrier Global (NYSE:CARR) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 19.3% year on year to $5.15 billion. The company’s full-year revenue guidance of $22.75 billion at the midpoint came in 0.9% below analysts’ estimates. Its non-GAAP profit of $0.54 per share was 11.4% above analysts’ consensus estimates.
After more than five years of political upheaval that threatened to polarize Chilean society, voters in Latin America's fifth-largest economy are shifting back to their traditional moderate conservatism, according to recent polls and political analysts. The shift has helped lift the Chilean stock market to record highs and comes ahead of a presidential election in November, in which centre-right candidate Evelyn Matthei is currently the front-runner. Analysts point to leftist President Gabriel Boric's moderate reform of the country's private pension system last month as a sign Chile is embracing compromise and able to pass business-friendly legislation, after several years in which a divided congress halted the president's agenda.
Money market account interest rates today are well above historical norms. Find out where to get the best MMA rates.
Non-tech investors interested in AI and its effect on the stock market need only look for one clear warning sign: any cuts in AI spending by the hyperscalers.