Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forecast and downbeat results from Cigna dampened investor enthusiasm. Microsoft dropped 4.7% after forecasting disappointing growth in its cloud computing business. Meta Platforms rose 4.5% after beating estimates for fourth-quarter revenue, but forecast that first-quarter sales might miss estimates.
Whirlpool's North American sales dropped, and the home appliance maker's fourth-quarter results and guidance came up short of forecasts.
(Bloomberg) -- Investment bankers who cater to private equity firms are offering to do deals for free as a global rally drives rampant demand for leveraged loans.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoHow the 2025 Catholic Jubilee Is Reshaping RomeThey’re pitching a high volume o
(Bloomberg) -- Blackstone Inc., the world’s largest commercial property owner, said the worst is over for the global office market after a prolonged slump fueled by the pandemic.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoHow the 2025 Catholic Jubilee Is Reshaping Rome“Office has bott
Heidelberg Materials, the world's second-largest cement maker, wants to do more deals in the U.S. in 2025 and is confident the policies of President Donald Trump will boost its business. In his first comments since Trump took office last week, the CEO of German-listed Heidelberg Materials said the new administration had a clear growth agenda. Heidelberg Materials, which competes with Holcim, makes around a quarter of its sales in the North American region, where it employs around 9,000, or around 18% of its total staff.
Tesla's fourth quarter earnings disappointed, but the company's commitment to returning to growth in 2025 saw shares rise in extended trading on Wednesday.
(Bloomberg) -- Bank of Montreal is stepping into a booming product category that offers exposure to popular global stocks while hedging against currency volatility, becoming the second Canadian bank to do so. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTrump Paves the Way to Deputize Local Police on ImmigrationUS Students’ Reading Scores Drop
When buying a home -- be it to live in or to rent out to generate passive income -- it's important to know your local housing market conditions. Is it strong, stable and growing? Are mortgage rates...
The number of Americans filing for jobless benefits fell last week in a sign that the labor market remains strong. Applications for jobless benefits fell by 16,000 to 207,000 for the week ending January 25, the Labor Department said Thursday. Analysts were expecting 225,000 new applications.
Satellite radio and media company Sirius XM (NASDAQ:SIRI) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 4.3% year on year to $2.19 billion. On the other hand, the company’s full-year revenue guidance of $8.5 billion at the midpoint came in 0.6% below analysts’ estimates. Its GAAP profit of $0.83 per share was 17% above analysts’ consensus estimates.