Japan's core inflation hits 16-month high, markets brace for BOJ hike
  • January 23, 2025

Japan's core inflation hits 16-month high, markets brace for BOJ hike

TOKYO (Reuters) -Japan's core consumer prices rose 3.0% in December year-on-year to mark the fastest annual pace in 16 months, likely cementing a central bank rate hike later in the day and retaining bets that borrowing costs will keep rising from ultra-low levels. The data on Friday comes hours before the Bank of Japan concludes its two-day policy meeting, when it is expected to raise short-term interest rates to 0.5% from 0.25%. The increase in the core consumer price index (CPI), which excludes the impact of volatile fresh food prices, matched a median market forecast and followed a 2.7% gain in November.

Stocks Get Trump Boost to Close at All-Time Highs: Markets Wrap
  • January 23, 2025

Stocks Get Trump Boost to Close at All-Time Highs: Markets Wrap

(Bloomberg) -- A late-day rebound in technology companies helped drive stocks to all-time highs, extending an advance fueled by President Donald Trump’s call for lower oil prices and interest rates.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Close for Alm

Texas Asks Wall Street Firms for Details About DEI Efforts
  • January 23, 2025

Texas Asks Wall Street Firms for Details About DEI Efforts

(Bloomberg) -- Texas and nine other Republican-led states are ratcheting up pressure on Wall Street’s diversity programs, asking firms about their policies on hiring and supplier selections as the Trump administration moves to gut DEI.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHo

Covenant Logistics (NASDAQ:CVLG) Misses Q4 Sales Targets
  • January 23, 2025

Covenant Logistics (NASDAQ:CVLG) Misses Q4 Sales Targets

Freight and logistics provider Covenant Logistics (NASDAQ:CVLG) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.2% year on year to $277.3 million. Its non-GAAP profit of $0.49 per share was in line with analysts’ consensus estimates.

CSX (NASDAQ:CSX) Misses Q4 Sales Targets
  • January 23, 2025

CSX (NASDAQ:CSX) Misses Q4 Sales Targets

Freight rail services provider CSX (NASDAQ:CSX) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 3.8% year on year to $3.54 billion. Its non-GAAP profit of $0.42 per share was in line with analysts’ consensus estimates.