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
Let's dive into what happened in Asia's stock market today. The day started with a mix of ups and downs. While some markets saw gains, others faced losses. The Hang Seng Index in Hong Kong dropped by 0. 25%. Meanwhile, the Shanghai Composite in China saw a slight increase of 0. 54%. Japan's Nikkei 2
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
First thing Wednesday morning, Wall Street's stocks took a dip. Why? Because the latest inflation report came in hotter than expected. This report, from the Bureau of Labor Statistics, showed that prices had jumped 3% in the past year, up from 2. 9% in December. The core Consumer Price Index, which
In January, inflation rates unexpectedly rose, causing a stir in the financial world. The consumer price index, which tracks the cost of goods and services across the U. S. , jumped by 0. 5% for the month. This put the annual inflation rate at 3%, according to the Bureau of Labor Statistics. Experts
Disney's recent earnings report was a mixed bag. It reported a quarterly revenue of 24. 69 billion. The company had 293 million in operating income for its direct-to-consumer business. Disney+ is the streaming service that is part of this business. This is a big deal because it shows that Disney is
Tom Lee, who heads up a research team at a well known firm, recently made some surprising predictions. He reckons the profit taking that was seen last weekend is a smart time to invest more money in the world markets. He gave his thoughts on the recent sell-off in stocks due to the news of new tari
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'
The automotive world is buzzing with news about Honda and Nissan. These two car giants were in talks to join forces and create a mega company. The plan as of now is to merge and form the world’s fourth largest automaker. The catch? Whether the deal will go through is now in doubt. Honda has thrown
