ECB kept rates steady, lowered growth forecasts, hinted at potential rate cuts in June.
From Investing.com: Yesterday, the ECB kept rates steady, lowered growth forecasts, and predicted 2% inflation by next year. Lagarde hinted
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US bipartisan bill aims to ban TikTok unless parent company ByteDance sells it
The White House supports a bipartisan bill which aims to ban TikTok unless its parent company, ByteDance, sells it due
Biden criticizes Trump, lays out vision for next 4 years, unveils proposals for tax reform.
From Investing.com: President Joe Biden delivered a fiery speech to Congress, accusing Donald Trump of threatening democracy and bending to
Key OpenAI executives played a role in ousting CEO Sam Altman over management concerns
From The New York Times: OpenAI is facing questions about the ousting of CEO Sam Altman over concerns about his
Yen strengthens, Japan household spending falls, oil prices dip, Fed may cut rates soon
From “CNBC”: Yen continues to strengthen after Japan’s largest union agrees to a 6.7% wage hike, reaching a month high
S&P index error caused volatility in Morgan Stanley, Pfizer shares
From Yahoo Finance: An error by S&P Dow Jones Indices caused volatility in shares of companies like Morgan Stanley, Pfizer,
Nationwide Building Society set to acquire Virgin Money for £1.2 billion
From Morningstar: Virgin Money, the sixth-largest bank in the UK, is likely to be acquired by Nationwide Building Society for
Bitcoin's rise boosts MicroStrategy stock by 461%, analysts bullish, but caution on high valuation
From Nasdaq, Inc.: Bitcoin has hit a new record high, up over 60% YTD, impacting companies with substantial BTC investments.
Costco misses revenue expectations but reports sales growth and e-commerce gains, leading to a 4% drop.
From CNBC: Costco missed revenue expectations for the holiday quarter but reported year-over-year sales growth and e-commerce gains. Net income
S&P 500 and Nasdaq 100 hit record highs on speculation of interest rate cuts
From Nasdaq: Stock indexes on Thursday closed with moderate gains as S&P 500 and Nasdaq 100 hit new record highs.
Elon Musk reneged on funding promise for OpenAI, organization secured additional funding
From Bloomberg: Venture capitalist Vinod Khosla claims OpenAI had to seek additional funding due to Elon Musk backing out. Musk
Amazon's stock closed higher, with analysts expecting significant increases in earnings and revenue
From Nasdaq: Amazon (AMZN) closed at $176.82, up 1.91% from the previous day, outperforming S&P 500. Tech-heavy Nasdaq rose by
Gap Inc. reports growth in sales and gross margin, with plans to revitalize legacy brands
From CNBC: Old Navy, Gap Inc.’s largest banner, sees growth return with sales up 6% to $2.29 billion. Overall gross
Marvell Technology reports Q4 earnings in line with estimates, provides lower guidance for Q1
Marvell Technology, Inc. (MRVL) reported Q4 Non GAAP EPS of $0.46 in-line with estimatesRevenue $1.427 billion vs 1.42BQ1 GUIDANCE:EPS $0.23
China stocks fall after trade data beats expectations, raising concerns over stimulus impact
From Brecorder: China stocks closed down as trade data exceeded expectations, lessening stimulus hopes. CSI300 Index fell 0.6% while Shanghai
Space company Astra will go private in deal to avoid bankruptcy
From CNBC.: Space company Astra will go private in a deal with founders Kemp and London to acquire all stock
MongoDB, Inc. (MDB) reports Q4 earnings beat, but gives lower-than-expected guidance for Q1 and FY 2025
MongoDB, Inc. (MDB) reported Q4 2024 Non GAAP EPS of $0.86 vs the consensus of $0.47Revenue $458.0m(up 28% Y/Y) vs
Abercrombie & Fitch and CrowdStrike report strong Q4 results, exceeding earnings expectations
From Nasdaq: Abercrombie & Fitch and CrowdStrike both posted strong Q4 results, with ANF netting $158.4 million in income, up
EU officials to question Apple over blocking Epic Games, sparking new conflict, amid antitrust concerns
From Nasdaq: European Commission officials plan to question Apple over its decision to block Epic Games’ developer account on the
Meta Platforms stands out among 'Magnificent Seven' tech stocks with strong growth potential.
From Nasdaq: Bank of America analyst Michael Hartnett has dubbed Apple, Amazon, Alphabet, Meta Platforms, Microsoft, Nvidia, and Tesla as
American Eagle beats earnings expectations, plans growth strategy with focus on profitability
From CNBC: American Eagle announced a growth strategy for the next three years, writing off $94 million in impairment charges
Noodles & Company reported decline in revenue and net losses for Q4 and full year 2023
From GlobeNewswire: Noodles & Company revealed Q4 and full year 2023 financial results, showing a 8.9% decrease in Q4 revenue
Negative - Mixed earnings forecasts with significant drops in EPS for CRMT and GCO.
From Nasdaq, Inc.: Algonquin Power & Utilities Corp. (AQN) is expected to report earnings for the quarter ending December 31,
Bitcoin surged to new all-time high, crypto stocks had mixed performance.
From Investing.com: Bitcoin (BTC) surged to $67,700, up by 7.3% this week, hitting a new all-time high of $69,210 on
NVIDIA and HP CEOs launch new laptops for AI workstations, advancing generative AI technologies
From NVIDIA: In a fireside chat, NVIDIA and HP CEOs unveiled new laptops that revolutionize AI workstations, making 2024 the