Wall Street is having a tough week. The stock market is down, and investors are feeling the pressure. The S&P 500, a key indicator of the market's health, dropped by 1% in midday trading. This comes after a rollercoaster week where the index swung up and down by at least 1% each day. Things are looking grim, with this week shaping up to be the worst since 2022. ...
Rolls-Royce, a big name in making jet engines and power systems for ships and submarines, just had a fantastic year. They made a whopping £2. 46 billion in operating profit for 2024. That's a huge jump of 57% from the year before. This big success allowed them to set even higher goals for the future. They expect to make between £3. 6 billio...
Rivian, the electric vehicle (EV) maker, recently announced its fourth-quarter earnings for 2024. The company managed to surprise investors by achieving a gross profit of 170 million dollars. This is a big deal because it's the first time Rivian has made a profit in a single quarter. However, the company also said it expects to make less money in 2025. Rivian is plan...
The S&P 500 and the European Stoxx 600 hit new highs on Tuesday. This happened while U. S. President Donald Trump was busy with a flurry of activities. He was meeting with Russian officials and making controversial statements about Ukraine. Trump's administration kept the strict rules for corporate mergers. These rules were put in place during the previous admin...
Trump Media & Technology Group, the company behind Truth Social, recently released its 2024 financial results. The numbers show a mixed picture. The company reported a loss of $2. 36 per share and revenue of $3. 6 million. This is a 12% drop in revenue compared to the previous year. The net loss also widened significantly, jumping from $58. 2 million in 2023 to $400....
Ken Griffin's Citadel isn't messing around, not even in a tricky market. In January, the hedge fund’s main strategy fund made a 1. 4%. looks pretty good when you're dealing with all five of its strategies - commodities, equities, fixed income, credit, and quantitative. 56-year-old Citadel's founder Kenny Griffin thinks about these things a lot. Eve...
Microsoft, a tech giant, released its earnings report which showed some good, but also some not-so-good news and has shaken analysts' faith in the company's aggressive expansion in artificial intelligence. It hit above-expectations with the total revenue for the quarter going up 12%. The company fell short in one major area: Azure, its cloud platform. The revenue gro...
In just over a month, voters will decide the country's future. While not all presidential actions affect Wall Street, the economic policies of the incoming administration can significantly impact the stock market. Over the past two terms, stocks have performed well. During Donald Trump's presidency, the Dow Jones, S&P 500, and Nasdaq Composite saw gains of 56%, 67%,...
Donald Trump's foray into the social media world has been anything but smooth sailing. After his personal fortune in Trump Media & Technology Group (TMTG) soared to over $6 billion when shares made their public debut, it has now taken a nosedive, falling more than 70% from its peak and reducing Trump's stake to under $2 billion on paper. TMTG's Truth Social platform...