Freight carrier Old Dominion (NASDAQ:ODFL) met Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 5.8% year on year to $1.37 billion. Its GAAP profit of $1.19 per share was 4.1% above analysts’ consensus estimates.
(Reuters) -Swiss chocolate maker Lindt & Spruengli said it is still working out how to deal with the escalating trade war launched by U.S. President Donald Trump and has temporarily increased stocks in Canada to cushion the impact of tariffs. The company said in March it would supply chocolate made in Europe to Canada to avoid tariffs imposed to counter higher U.S. customs duties. The spokesperson said that shifting sourcing of products sold in Canada to Europe was "one option that is being discussed", but the company has not yet decided how to proceed.
GE Vernova shares surged Wednesday after the firm's first-quarter results topped analysts' estimates.
Global stock indexes are jumping after President Donald Trump said he has "no intention" of firing Federal Reserve Chair Jerome Powell and plans to be "very nice" to China.
Investor optimism built off Bessent's remarks went into overdrive after President Donald Trump told reporters in the Oval Office that he had "no intention" of firing Fed Chair Jerome Powell.
Data center products and services company Vertiv (NYSE:VRT) announced better-than-expected revenue in Q1 CY2025, with sales up 24.2% year on year to $2.04 billion. On top of that, next quarter’s revenue guidance ($2.35 billion at the midpoint) was surprisingly good and 3.7% above what analysts were expecting. Its non-GAAP profit of $0.64 per share was 3.9% above analysts’ consensus estimates.
Prices of battery materials lithium and cobalt assessed by consultancy Benchmark Minerals Intelligence (BMI) will be used for contracts launched by Intercontinental Exchange (ICE) in June, BMI told Reuters. For BMI, a price reporting agency (PRA), this is an important step in having its prices used to settle derivative contracts traded on exchanges, an area dominated by information firms Fastmarkets and S&P Global Commodity Insights. An agreement between BMI and ICE signed earlier this year covers prices of lithium carbonate, lithium hydroxide, spodumene concentrate and cobalt hydroxide, BMI said.
Looking for the best money market account interest rates available today? Here’s a look at where to find the highest rates and whether now is a good time to open a money market account.
NEW YORK (Reuters) -Wall Street stocks advanced on Wednesday on revived hopes for progress in the U.S.-China trade dispute and as President Donald Trump soothed fears the Federal Reserve could lose its autonomy with reassurances that he has "no intention of firing" Fed Chair Jerome Powell. All three major U.S. stock indexes pared gains by the closing bell. "We had such a strong open, it was really related to developments out of Washington," said Russell Price, chief economist at Ameriprise in Troy, Michigan.
(Bloomberg) -- Not since the financial crisis has Corporate America been so downbeat about the state of the economy in earnings calls, an ominous sign for investors trying to figure out how much more pain Donald Trump’s trade war will inflict on the stock market.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyBackyard Micro-Flats Aim to Ease South A