U.S. stocks mostly sold off Monday, amid fears China’s AI company DeepSeek could disrupt profits for Big Tech stocks.
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street.
Starbucks has reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take hold.
Wall Street’s so-called fear gauge has dropped this week, as the U.S. stock market appeared relieved that Treasury yields retreated from their recent climb. The Cboe Volatility Index was down 3.5% on Friday afternoon at 16,
Wall Street’s so-called fear gauge was down Tuesday, as the U.S. stock market staged a broad rally in its first day of trading under the new White House administration. The Cboe Volatility Index was falling around 4.
GM faces China setback but beats expectations, offers generous profit-sharing to workers, and navigates U.S. regulations.
The tech-heavy Nasdaq Composite index slid 3.5 per cent shortly after the opening bell, while the broader S&P 500 fell about 2 per cent. Nvidia, which surged last year on bets that Big Tech companies would require vast numbers of advanced chips to power their AI models, sold off by 13 per cent.
General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street
The Q4 earnings season continued on a positive note after big banks and other financials struck a bullish tone in the first two weeks of reporting. Click to read.
The telecommunications company added more mobile phone customers than Wall Street was expecting over the fourth quarter.
The carrier forecast adjusted losses per-share in the range of 20 cents and 40 cents for the first quarter. Analysts polled by FactSet expected a loss of 4 cents a share on an adjusted basis.
HCA Healthcare exceeded Wall Street's estimates on the top- and bottom-line in its fourth quarter even as results were impacted by recent hurricanes. The Nashville hospital owner logged net income of $1.44 billion, or $5.63 a share, compared to $1.61 billion, or $5.93 a share, a year earlier.