Elevance Health Stock Rises as Company Tops Estimates, Raises Dividend
Elevance Health reported stronger-than-expected results and raised its dividend as it benefited from higher premiums, acquisitions, and growth in its pharmacy division.
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Stock market today: S&P 500 hangs near its record as markets worldwide drift
U.S. stocks are drifting near a record on Thursday amid a relatively quiet day on Wall Street. The S&P 500 was virtually unchanged in morning trading after pulling to the edge of its all-time high Wednesday following its sixth gain in seven days. Movements were also mostly quiet in markets abroad, even after China’s latest attempt to juice stock prices in the world’s second-largest economy.
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Alaska Air Group Stock Rises as Hawaiian Airlines Acquisition Powers Results
Alaska Air Group posted better-than-expected fourth-quarter results after it completed its acquisition of Hawaiian Airlines.
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Bybit Launchpool Introduces OBT and SOSO Rewards Through bbSOL Staking
Dubai, United Arab Emirates, January 23rd, 2025, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce new rewards...
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Private Credit Props Up Growing Tech Firms Amid IPO Market Lull
(Bloomberg) -- Private credit lenders are flocking to finance large, fast-growing technology companies gearing up to go public, taking advantage of a lackluster market for initial public offerings and helping them get access to liquidity in the meantime.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Leadersh
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US weekly jobless claims rise slightly as labor market stays on solid ground
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting no deterioration in labor market conditions and reinforcing expectations that the Federal Reserve would not cut interest rates next week. The report from the Labor Department on Thursday showed jobless rolls swelling to the highest level in just over three years in early January. "The labor market is historically tight but some sectors are slowing the pace of hirings," said Jeffrey Roach, chief economist at LPL Financial.
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Louisville football player stretchered off, hospitalized after suffering injury in game
There was a scary moment in Clemson on Saturday night as a player was stretchered …
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Juicy US Yields May Sap Funding Desperately Needed in Emerging-Market Climate Finance
(Bloomberg) -- Persistently high US bond yields will force private investors to turn their backs on emerging markets desperately in need of financing to fight global warming.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Leadership Over WildfiresHoboken PATH Station Will Close for Almost a Month on Jan. 30Th
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Wall Street’s Tech-Powered Bond Trades Hit Record $1 Trillion
(Bloomberg) -- A tech-powered approach to bond trading that helps firms move hundreds of securities in one go has just posted its best year yet.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Leadership Over WildfiresHoboken PATH Station Will Close for Almost a Month on Jan. 30Portfolio trades, in which large
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Norway wealth fund CEO in Davos: US inflationary pressure a risk to markets
The chief executive of Norway's $1.8 trillion sovereign wealth fund, one of the world's largest investors, said on Thursday that inflationary pressure in the United States was one of the biggest risks to financial markets this year. President Donald Trump has vowed to hit European, Chinese, Canadian and Mexican companies with tariffs, which would likely trigger retaliatory action on U.S. ones. Trump is also rolling back regulation, such as on oil and gas drilling, which is expected to increase economic activity.
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Dollar steady as markets await Trump tariff clarity, central banks
TOKYO/LONDON (Reuters) -The dollar traded in narrow ranges against major peers on Thursday as it struggled for direction in the absence of concrete announcements on tariffs from U.S. President Donald Trump. A spate of central bank policy decisions could move currencies over the next week, with the Bank of Japan widely expected to raise interest rates at the end of a two-day meeting on Friday. Rate decisions from the U.S. Federal Reserve and European Central Bank are scheduled for Wednesday and Thursday of next week, respectively.
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UK watchdog targets Apple, Google mobile ecosystems with new digital market powers
Google's Android and Apple's iOS are facing fresh scrutiny from Britain's competition watchdog, which announced investigations Thursday targeting the two tech giants' mobile phone ecosystems under new powers to crack down on digital market abuses. The Competition and Markets Authority said it launched separate investigations to determine whether the mobile ecosystems controlled by Apple and Google should be given “strategic market status” that would mandate changes in the companies' practices.
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MarineMax (NYSE:HZO) Misses Q4 Sales Targets, But Stock Soars 6.1%
Boat and marine products retailer MarineMax (NYSE:HZO) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 11.2% year on year to $468.5 million. Its non-GAAP profit of $0.17 per share was significantly above analysts’ consensus estimates.
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American Airlines (NASDAQ:AAL) Posts Better-Than-Expected Sales In Q4 But Stock Drops
Global airline American Airlines (NASDAQ:AAL) announced better-than-expected revenue in Q4 CY2024, with sales up 4.6% year on year to $13.66 billion. Its non-GAAP profit of $0.86 per share was 30.1% above analysts’ consensus estimates.
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LSI (NASDAQ:LYTS) Reports Upbeat Q4, Stock Jumps 10.9%
Commercial lighting and retail display solutions provider LSI (NASDAQ:LYTS) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 35.5% year on year to $147.7 million. Its non-GAAP profit of $0.26 per share was 30% above analysts’ consensus estimates.
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