Telecom company Lumen Technologies (NYSE:LUMN) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 5.3% year on year to $3.33 billion. Its non-GAAP profit of $0.09 per share was significantly above analysts’ consensus estimates.
Tesla posted lower sales across five European countries in January, including the United Kingdom and France, as competitors with newer models gained on the electric vehicle maker and polls show public opinion souring on CEO Elon Musk. Musk has made a high-profile foray into politics, with much of his 2024 dominated by his financial support of Donald Trump, on whom the billionaire CEO spent $250 million in what proved a successful campaign to return to the White House. Tesla's UK sales fell nearly 12% in January, even as monthly EV registrations in Europe's biggest battery-electric market surged to a record, according to data published by New AutoMotive on Tuesday.
Shares of action camera company GoPro (NASDAQ:GPRO) jumped 9% in the afternoon session after it clarified in a press release that it expects its diversified supply chain to soften the blow of U.S. tariffs. As a result, the company doesn't expect the new tariffs to affect its prices in the U.S. or hurt its gross margins for goods shipped to the U.S. Brian McGee, CFO and COO added, "Over the last few years, we proactively moved our U.S.-bound camera production outside of China, which has significa
Palantir Technologies shares soared to an all-time high Tuesday after the company's outlook blew past analysts' expectations on strong demand for AI.
NEW YORK (Reuters) -Billionaire investor Daniel Loeb is betting 2025 will bring a more favorable stock investing environment despite the Trump administration's "unconventional" approach to announcing and enacting new policies. Loeb's hedge fund Third Point is already reaping the benefits, he told clients in a quarterly letter seen by Reuters on Tuesday, with the firm's flagship TP offshore fund up 3.3% in January after finishing last year up 24.2%. Third Point follows a variety of strategies ranging from stock picking to activist campaigns and credit investments and ranks among Wall Street's most closely watched hedge funds.
At Luton Town and Sheffield United in the Championship the €10 million (£8.3 million) net spend barrier was broken. At Como, 15th in Serie A, they spent €48 million on seven players and more on loans. At RB Leipzig, Jürgen Klopp’s first window at the head of global soccer of the Red Bull group ended with €55.5 million spent on three players. Yet in La Liga, the leading Spanish clubs finished with a trade surplus of €20 million.
Before the U-turn on tariffs, Goldman Sachs said “there is a substantial probability that the tariffs on Canada and Mexico will be temporary.”
U.S. job openings fell by the most in 14 months in December, but steady hiring and low layoffs suggested the labor market was not abruptly slowing down and that the Federal Reserve probably can hold off on cutting interest rates until at least June. The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday showed there were 1.1 job openings for every unemployed person, down from 1.15 in November. Fed Chair Jerome Powell told reporters last week, "We do not need to be in a hurry to adjust our policy stance."
Meta is the Top Magnificent 7 Gainer in 2025
The job market stayed in a now-familiar holding pattern in December, with little hiring, firing, or quitting.