Month: January 2025
World’s largest sovereign wealth fund reports $222 billion annual profit on tech rally
Nicolai Tangen, CEO of Norges Bank Investment Management, at the World Economic Forum in Davos, Switzerland, on Jan. 22, 2025. Stefan Wermuth | Bloomberg | Getty Images Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on Wednesday, fueled by a […]
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Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery
A photograph taken on April 23, 2024 shows a view of the new Louis Vuitton luxury shop belonging to French luxury group LVMH Moet Hennessy Louis Vuitton SA, on the Champs Elysee avenue in Paris. Julien De Rosa | Afp | Getty Images Shares of LVMH dropped 5% on Wednesday after slightly better-than-expected annual results […]
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Europe stocks set for mixed open ahead of Fed decision; ASML beats estimates as tech jitters ease
Critical chip firm ASML posts quarterly bookings surge on heated AI demand Dutch semiconductor giant ASML on Wednesday reported a big jump in fourth-quarter net bookings, suggesting strong demand for its advanced chipmaking tools even as DeepSeek’s low-cost model raises concerns over AI spending. Here’s how ASML did versus LSEG consensus estimates for the fourth quarter: Net […]
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Critical chip firm ASML posts fourth-quarter sales and profit beat
A logo on the exterior of the ASML Holding NV headquarters in Veldhoven, Netherlands, on Wednesday, Jan. 24, 2024. Peter Boer | Bloomberg | Getty Images Dutch semiconductor equipment maker ASML on Wednesday reported better-than-expected net sales and profit results for the fourth quarter. Here’s how ASML did versus LSEG consensus estimates for the fourth […]
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Sony’s Totoki takes CEO role, cementing leadership position
Sony headphones are displayed at a Best Buy store on December 17, 2024 in San Rafael, California. Justin Sullivan | Getty Images Sony Group President Hiroki Totoki will add the CEO role from April 1, while incumbent Chairman and CEO Kenichiro Yoshida will remain as chairman, the entertainment and technology conglomerate said on Wednesday. The […]
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Tesla investors want Elon Musk to answer questions about ‘salute,’ role in Trump White House
U.S. President-elect Donald Trump greets Tesla CEO and X owner Elon Musk during a rally the day before Trump is scheduled to be inaugurated for a second term, in Washington, U.S., January 19, 2025. Brian Snyder | Reuters Tesla’s fourth-quarter earnings report lands just over a week after President Donald Trump began his second term […]
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Trump signs sweeping order to further restrict trans care for minors nationwide
President Donald Trump signed a broad executive order targeting transition-related medical care for minors Tuesday. The order, titled “Protecting Children From Chemical and Surgical Mutilation,” intends to restrict access to gender-affirming medical care — including puberty blockers, hormone therapy and surgery — for minors, which it defines as those younger than 19. It prohibits federal […]
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Colombia is set to outperform after passing the ‘Trump test,’ pros say
Colombia remains a favorite market for some strategists and fund managers, despite some geopolitical tensions with the U.S., thanks to the country’s value proposition and growing economy. U.S. President Donald Trump threatened on Sunday to impose immediate tariffs on the South American country because it turned back aircraft carrying deported migrants. After Colombia reached a […]
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Stock futures are little changed as investors await Federal Reserve’s interest rate decision: Live updates
Broad indexes would suffer in 2025 if tech falters, but average stock hold up, Capital Economics says Broad stock market indexes would suffer in 2025 if Big Tech leaders continue to falter but the average stock is likely to “hold up well,” according to Capital Economics senior markets economist James Reilly. Although the S&P 500 […]
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Foreign investors are fleeing India’s stock market — but analysts see long-term potential
A pedestrian wearing a protective mask walking past the Bombay Stock Exchange (BSE) building in Mumbai, India. The Nifty 50 and Sensex recently slid to their lowest in more than six months Bloomberg | Bloomberg | Getty Images Indian equities have been sliding since September, as foreign investors spooked by a slowdown in the country’s economy […]
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