Wabtec (NYSE:WAB) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops
  • February 12, 2025

Wabtec (NYSE:WAB) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops

Rail equipment company Westinghouse Air Brake Technologies (NYSE:WAB) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.3% year on year to $2.58 billion. The company’s full-year revenue guidance of $10.88 billion at the midpoint came in 1.5% below analysts’ estimates. Its non-GAAP profit of $1.68 per share was 3% below analysts’ consensus estimates.

Trump Advisers Look to Shift US Foreign Aid to Wall Street Ally
  • February 12, 2025

Trump Advisers Look to Shift US Foreign Aid to Wall Street Ally

(Bloomberg) -- President Donald Trump’s advisers have discussed shifting billions in funding from USAID to a government-run agency due to be headed up by the dealmaker son of Apollo Global Management co-founder Leon Black, part of an overhaul of how the US wields economic power internationally.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome T

Trump Tariff Spat Has Stock Dip Buyers Obsessed With Wednesdays
  • February 12, 2025

Trump Tariff Spat Has Stock Dip Buyers Obsessed With Wednesdays

(Bloomberg) -- Investors can rely on one crucial day of the week to deliver strong dip-buying opportunities for the S&P 500 Index thus far in 2025: Wednesdays.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterWhy American Mobility Ground to a HaltThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperTraders lately have been selling first and asking questions later to lock in gains ahead of the weekend as stocks zig-

Foreigners speed up sales of Vietnamese shares despite prospect of market upgrade
  • February 11, 2025

Foreigners speed up sales of Vietnamese shares despite prospect of market upgrade

Foreign investors accelerated sales of Vietnamese stocks in recent weeks as trade risks grew for the export-reliant country, data shows, despite the prospect of a valuation-boosting market upgrade later this year. The Southeast Asian export hub posted a record trade surplus with the United States last year and also imposes higher duties on imports, exposing it to the risk of U.S. tariffs as the Trump administration moves to reset trade imbalances, analysts have said. Last month, foreign investors reduced their exposure to Vietnamese stocks by 6.4 trillion dong ($251.18 million), according to stock market data.

Randstad posts Q4 core profit beat in tough market environment
  • February 11, 2025

Randstad posts Q4 core profit beat in tough market environment

Financial and political upheaval in markets such as France, Germany and Britain has led employers to limit hiring and discouraged people from changing jobs. Randstad's earnings before interest, taxes and amortization (EBITA) before one-offs was 200 million euros ($207 million) in the fourth quarter of 2024, above the 194 million expected by analysts on average in a company-provided consensus. A fair value adjustment and impairments on its loans and financial commitments cost the group additional 139 million euros in the quarter, it said.