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 co
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 corpo
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 als
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'
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 fel
This year, Samsung is gearing up to launch its next-generation foldable phones, the Galaxy Z Flip 7 and Galaxy Z Fold 7. While these devices won't likely bring major changes, they follow the successful Galaxy Z Fold Special Edition which showcased Samsung's ability to create slim foldables with grea
On Wednesday, the market took a tumble with the Dow Jones losing over 1, 100 points. Surprisingly, this happened after the Federal Reserve announced plans to cut interest rates twice more in 2025. The S&P 500 and Russell 2000 also suffered significant losses, falling below important thresholds. Trea
Palantir, known for its AI capabilities, saw its stock dip after a brief rally. The company, heavily involved in the defense industry, snagged a $401 million contract extension from the Army for its AI-powered Army Vantage platform. Analysts believe this contract could be worth up to $619 million.
U. S. stocks had a major celebration on Monday, with big indexes hitting all-time peaks. Meanwhile, Asia-Pacific markets took a small dip on Tuesday, with Japan's Nikkei 225 dropping 1. 38%. Chinese and Hong Kong markets stayed steady. Investors are cheering for Scott Bessent, Donald Trump's choice
The restaurant industry is eagerly awaiting 2025 after a challenging 2024. Kate Jaspon, the CFO of Dunkin' parent company Inspire Brands, expressed her hopes for the new year at a recent conference in Las Vegas. The industry has faced multiple setbacks, with bankruptcy filings up by over 50% compare
