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Hottest Debt in US Market Creeps Into Development Finance
  • February 6, 2025

Hottest Debt in US Market Creeps Into Development Finance

(Bloomberg) -- A type of risky debt that has taken US capital markets by storm in the past year is now emerging in bonds designed to unlock hundreds of billions in lending for the world’s poorest.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After FiresNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers N

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Stock market today: Wall Street drifts as gains for fashion brands and cigarettes offset Qualcomm
  • February 6, 2025

Stock market today: Wall Street drifts as gains for fashion brands and cigarettes offset Qualcomm

Wall Street is drifting Thursday as gains for fashion brands and cigarette makers help offset drops for Ford Motor and Qualcomm following their latest profit reports. The S&P 500 was up 0.2% in early trading following healthy gains for stock markets across most of Europe and Asia. Tapestry, the company behind the Coach and Kate Spade brands, helped lead the market and jumped 18.6%.

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KKR Calls Credit’s ‘iPhone Moment’ as Public, Private Markets Meld
  • February 6, 2025

KKR Calls Credit’s ‘iPhone Moment’ as Public, Private Markets Meld

(Bloomberg) -- The lines between asset classes are being blurred like never before as corporations search for new ways to raise cash. With public and private markets converging, says KKR & Co., a seismic shift is happening that will make 2025 credit’s “iPhone moment.”Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC Sees Pedestria

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Arrow Electronics’s (NYSE:ARW) Q4 Sales Top Estimates But Stock Drops
  • February 6, 2025

Arrow Electronics’s (NYSE:ARW) Q4 Sales Top Estimates But Stock Drops

Global electronics components and solutions distributor Arrow Electronics (NYSE:ARW) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 7.2% year on year to $7.28 billion. On the other hand, next quarter’s revenue guidance of $6.28 billion was less impressive, coming in 3.3% below analysts’ estimates. Its non-GAAP profit of $2.97 per share was 11% above analysts’ consensus estimates.

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Market Adds Bets on BOE Easing, Defying Bank’s Rate Comments
  • February 6, 2025

Market Adds Bets on BOE Easing, Defying Bank’s Rate Comments

(Bloomberg) -- Traders upped bets for further interest-rate cuts from the Bank of England this year after policymakers lowered borrowing costs by a quarter point as expected — with two voting for a bigger reduction.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to Help Fix Fentanyl CrisisNY Transi

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MasterCraft’s (NASDAQ:MCFT) Q4 Sales Beat Estimates, Stock Soars
  • February 6, 2025

MasterCraft’s (NASDAQ:MCFT) Q4 Sales Beat Estimates, Stock Soars

Sport boat manufacturer MasterCraft (NASDAQ:MCFT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 36.3% year on year to $63.37 million. On the other hand, next quarter’s revenue guidance of $75 million was less impressive, coming in 7.2% below analysts’ estimates. Its non-GAAP profit of $0.10 per share was significantly above analysts’ consensus estimates.

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MACOM’s (NASDAQ:MTSI) Q4 Sales Top Estimates, Provides Encouraging Quarterly Revenue Guidance
  • February 6, 2025

MACOM’s (NASDAQ:MTSI) Q4 Sales Top Estimates, Provides Encouraging Quarterly Revenue Guidance

Network chips maker MACOM Technology Solutions (NASDAQ: MTSI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 38.8% year on year to $218.1 million. Guidance for next quarter’s revenue was optimistic at $230 million at the midpoint, 2.1% above analysts’ estimates. Its non-GAAP profit of $0.79 per share was in line with analysts’ consensus estimates.

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