Day: January 29, 2025
Stock futures are little changed after Meta Platforms, Tesla report earnings: Live updates
Traders work at the New York Stock Exchange on Jan. 29, 2025. NYSE U.S. stock futures hovered the flatline Wednesday night as Wall Street digested recent quarterly results from a slew of megacap tech companies. Investors are also coming off a losing session after the Federal Reserve held steady on rates. S&P 500 futures and […]
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‘I lost purpose’: At 27, he sold his company for $100 million — now, he says it’s changed his view on money
Jake Kassan, co-founder of MVMT Watches. Courtesy of Jake Kassan When Jake Kassan sold his company for $100 million at the age of 27, he thought the money would make him happy. Though it did temporarily, it eventually took away his sense of purpose and threw him into cycles of anxiety and depression, he said. […]
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Mark Zuckerberg starts Meta earnings call by praising Trump administration
(L-R) Priscilla Chan, CEO of Meta and Facebook Mark Zuckerberg, and Lauren Sanchez attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Meta CEO Mark Zuckerberg praised the Trump administration […]
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Trump and Musk called for former Starliner astronauts to return ‘as soon as possible.’ Here’s what NASA planned.
Elon Musk speaks with U.S. President-elect Donald Trump and guests at a viewing of the launch of the sixth test flight of the SpaceX Starship, in Brownsville, Texas, U.S., November 19, 2024. Brandon Bell | Via Reuters Elon Musk and President Donald Trump took to social media this week declaring that astronauts left at the […]
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Argentina and more: Fund manager names 3 emerging markets with a ‘great investment story’ in 2025
Just one month into the new year and one portfolio manager is already confident that Argentina is “going to be a great story throughout 2025.” “Argentina’s momentum story is fantastic, so it moved from being my top contrarian idea in 2024, to one of my top bets for this year,” Malcolm Dorson, senior portfolio manager […]
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IBM shares rise 9% on earnings beat
Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025. Yves Herman | Reuters IBM reported fourth-quarter earnings on Wednesday that topped Wall Street expectations for earnings and revenue. The shares rose as much as 10% in extended trading before giving up […]
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Stocks making the biggest moves after hours: Meta Platforms, Microsoft, Tesla and more
Check out the companies making headlines in after-hours trading: International Business Machines — The tech company’s shares surged 9%, driven by strong fourth-quarter results. IBM reported adjusted earnings of $3.92 per share on revenue of $17.55 billion. Analysts polled by LSEG sought earnings of $3.75 per share and $17.54 billion in revenue. CEO Arvind Krishna […]
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Meta’s Reality Labs posts $5 billion loss in fourth quarter
Mark Zuckerberg, CEO of Meta Platforms, demonstrates the Meta Quest Pro during the virtual Meta Connect event in New York on Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Meta continues to lose billions of dollars developing the virtual reality and augmented reality technologies needed to underpin the nascent metaverse. The social media […]
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DoubleLine’s Gundlach says his base case is one rate cut this year, two reductions maximum
Key Points DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects only one rate cut for 2025 — two reductions at most — as the Federal Reserve patiently awaits incoming data to assess the state of the labor market and inflation. The central bank kept interest rates unchanged Wednesday after three consecutive cuts to end 2024. Source
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Trump says he will send migrants to Guantanamo Bay
U.S. President Donald Trump speaks during an event to sign the Laken Riley Act, at the White House in Washington on Jan. 29, 2025. Elizabeth Frantz | Reuters President Donald Trump on Wednesday said he will order his administration to prepare Guantanamo Bay, the U.S. military base in Cuba where terrorism suspects have been held […]
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