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Turkey Central Bank Cautions on Markets’ Rate Expectations
  • January 10, 2025

Turkey Central Bank Cautions on Markets’ Rate Expectations

(Bloomberg) -- A top Turkish central bank official told bankers that the pace of interest-rate cuts will be based on the course of inflation, pushing back against market expectations for sizable, consecutive reductions, according to people familiar with the matter. Most Read from BloombergWhat Robotaxis Brought San FranciscoA Blueprint for Better Bike LanesNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionNYC’s Subway Violen

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TD SYNNEX Delivers Strong Q4, Raises Dividend Amid IT Growth Momentum; Stock Gains
  • January 10, 2025

TD SYNNEX Delivers Strong Q4, Raises Dividend Amid IT Growth Momentum; Stock Gains

TD SYNNEX Corp (NYSE:SNX) shares are trading higher on Friday after the company reported its fourth-quarter results. Quarterly revenue of $15.85 billion, up 10% Y/Y, exceeded the analyst view of $15.22 billion. The Fremont, California-based company reported an adjusted EPS of $3.09, beating the street view of $3.05. On a constant currency basis, revenue increased 9.2%, led by growth in both the Advanced Solutions and Endpoint Solutions portfolios. Adjusted gross billings were $21.2 billion in th

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Why Is Penguin Solutions Stock Gaining Today?
  • January 10, 2025

Why Is Penguin Solutions Stock Gaining Today?

Penguin Solutions, Inc. (NASDAQ:PENG) shares are trading higher in the premarket session on Friday. On Thursday, the company revealed a strategic collaboration with SK Telecom and SK hynix. The partnership, signed during CES 2025 in Las Vegas, focuses on developing AI data center solutions. The companies plan to leverage their combined strengths to enhance research, development, and market efforts in AI-computing technologies. This collaboration comes after SKT’s recent $200 million strategic in

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Beer Maker Constellation Brands' Q3 Sales Hit By Subdued Spending; Stock Slides
  • January 10, 2025

Beer Maker Constellation Brands' Q3 Sales Hit By Subdued Spending; Stock Slides

Constellation Brands Inc (NYSE:STZ) shares are trading lower after the company reported nearly flat third-quarter sales of $2.46 billion, missing the analyst consensus estimate of $2.53 billion. Net sales for the Beer segment increased 3% Y/Y to $2.03 billion, and Wine and Spirits declined 14% to $431.4 million. Shipment volume for Beer climbed 1.6%, while Wine and Spirits declined 16.4%. Gross profit increased 1% to $1.28 billion, and the operating income slid 0.4% to $793 million. The operatin

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