Breaking News: Economy
Tesla’s CFO says tariffs would ‘have an impact’ on company’s profitability
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket in Brownsville, Texas, on Nov. 19, 2024. Brandon Bell | Via Reuters President Donald Trump campaigned on a promise to slap tariffs on goods from many top trading partners. Elon Musk’s electric vehicle company may […]
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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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Fed meeting recap: Powell says central bank is in no hurry to cut rates again
Range of possibilities is ‘very, very wide’ for tariff effects There is a wide range of possibilities when it comes to the potential effects of tariffs, according to Fed Chair Powell. “The range of possibilities is very, very wide,” he said. “We don’t know for how long or how much, what countries. We don’t know […]
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Fed holds rates steady, takes less confident view on inflation
Key Points The Federal Reserve left unchanged its overnight borrowing rate in a range between 4.25%-4.5%. The decision followed three straight cuts since September 2024. The post-meeting statement offered a somewhat more optimistic view on the labor market while dropping a key reference from the December statement that inflation “has made progress toward” the Fed’s […]
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Stocks making the biggest moves premarket: ASML, Alibaba, Nvidia, T-Mobile, Qorvo and more
Check out the companies making headlines before the bell. F5 – Shares soared nearly 14% on the heels of the application security company’s fiscal second-quarter outlook beating Wall Street’s expectations. F5 expects revenue to come in between $705 million and $725 million, while analysts polled by FactSet had penciled in $702.7 million. Nextracker – The […]
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European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve. Money markets on Wednesday were pricing in 35 basis points worth of rate cuts for the […]
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Scott Bessent wins Senate confirmation as Treasury secretary
Scott Bessent, founder and chief executive officer of Key Square Group LP and US treasury secretary nominee for US President-elect Donald Trump, during a Senate Finance Committee confirmation hearing in Washington, DC, US, on Thursday, Jan. 16, 2025. Al Drago | Bloomberg | Getty Images The U.S. Senate voted on Monday to confirm Scott Bessent […]
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Coffee, crude oil and cut flowers: Here are the Colombian goods you may be paying more for under Trump’s tariffs
US President Donald Trump speaks to the media after signing executive orders in the Oval Office of the White House in Washington, DC, on Jan. 23, 2025. Roberto Schmidt | AFP | Getty Images President Donald Trump’s newly announced tariffs on goods from Colombia could drive up the price of some items Americans buy every […]
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Stocks making the biggest moves premarket: Twilio, Boeing, Novo Nordisk, CSX and more
Check out the companies making headlines before the stock market opens. Boeing — The airplane maker slipped slipped 1.3% after preliminary fourth-quarter financial results reflected ongoing struggles. Boeing said it expects to report a loss of $5.46 per share for the fourth quarter on revenue of $15.2 billion, less than analysts’ expectations, according to LSEG […]
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Airlines flex pricing power, signaling higher fares in 2025
Travelers walk through O’Hare International Airport in Chicago, Illinois, on December 20, 2024 ahead of the upcoming Christmas holiday. Kamil Krzaczynski | AFP | Getty Images Higher airfare is in store this year as strong demand, even during the dead of winter, and limited capacity growth prompt airlines to flex their pricing power. Fare-tracking platform […]
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