Month: February 2025
Retail sales slumped 0.9% in January, down much more than expected
Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones estimate for a 0.2% decline. The sales totals are adjusted for seasonality […]
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Warren Buffett’s Berkshire Hathaway sells some DaVita, shares fall on disappointing guidance
Key Points DaVita saw shares tumbling Friday after issuing a weak outlook amid rising care costs, while big investor Berkshire Hathaway offloaded some shares in a preplanned agreement. The disappointing guidance underlined increasing patient care costs due to center closure costs and health benefit expenses. Source
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A failed Ukraine would also weaken the U.S., EU warns
MUNICH, GERMANY – FEBRUARY 14: European Commission President Ursula von der Leyen speaks during the 61st Munich Security Conference on February 14, 2025 in Munich, Germany. International defence and security leaders from around the world are gathering for the February 14-16 conference. (Photo by Sean Gallup/Getty Images) Sean Gallup | Getty Images News | Getty […]
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Stock pickers are on a record run with investors. Don’t be fooled, says index fund guru
ETF Edge Stock pickers are on a record run with investors. Don’t be fooled, says index fund guru Published Fri, Feb 14 20258:06 AM ESTUpdated 9 Min Ago Jason Gewirtz@jasongewirtz WATCH LIVE Source
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Stocks making the biggest moves premarket: Moderna, Airbnb, GameStop, Roku and more
Check out the companies making headlines before the bell: Moderna — The biotechnology company retreated 4% after losing $2.91 per share in the fourth quarter, a wider loss than the $2.68 expected by LSEG. However, the company beat expectations of analysts for revenue in the quarter. GameStop — Shares rallied 8% after sources familiar with […]
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A growing digital ad market is benefiting giants like Meta and smaller players like Reddit
Jaque Silva | Nurphoto | Getty Images The digital advertising market is doing so well that even Reddit is getting a cut of the spoils. Reddit on Wednesday reported fourth-quarter revenue of $428 million, which was up 71% from the previous year and represents the fastest growth rate for any quarter since 2022. Although Reddit’s […]
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As Target and other retailers drop DEI programs, Black founders could face tougher battle to get and stay on shelves
Brown Girl Jane’s sales have more than doubled since the brand got picked up by Sephora last year. The beauty retailer took the 15 Percent Pledge, an effort to add more Black-owned brands to shelves. Courtesy: Brown Girl Jane Fragrance brand Brown Girl Jane’s perfume bottles sit on shelves at Sephora near some of the […]
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Zuckerberg’s rightward policy shift puts Meta staffers on edge, targets Apple
Priscilla Chan, left, Meta CEO Mark Zuckerberg, and Lauren Sanchez are among guests attending Donald Trump’s inauguration as the 47th U.S. president in the Capitol Rotunda in Washington, D.C., Jan. 20, 2025. Saul Loeb | Afp | Getty Images Mark Zuckerberg kicked off 2025 with an Instagram video that outlined his vision for what he […]
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Moderna beats on revenue but loses more than expected as it scales down manufacturing
Moderna on Friday posted fourth-quarter revenue that beat estimates, but lost more than expected for the period, as the biotech company continues to slash costs and demand for its Covid vaccine falls. It marks another quarter of growing pains for the company, which is racing to launch new products and recover from the rapid decline […]
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Trump administration tells federal agencies to fire probationary employees
U.S. President Donald Trump looks on as he stands in the Oval Office of the White House, on the day Robert F. Kennedy Jr is sworn in as secretary of Health and Human Services, in Washington, D.C., U.S., Feb. 13, 2025. Nathan Howard | Reuters WASHINGTON — President Donald Trump’s administration began a mass firing […]
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