GE Aerospace optimistic about 2025, stock jumps
GE Aerospace on Thursday forecast stronger profit in 2025, saying it is better prepared to meet jet engine demand with progress in resolving supply chain issues that had hobbled production. "We learned a lot through last year," CEO Larry Culp said in an interview. GE Aerospace dominates the engine market for narrowbody jets and enjoys a strong position in widebodies.
Read MoreTrump policies likely to raise bond market's inflation fears, top money managers say
Giant U.S. asset managers overseeing well over $20 trillion are anticipating continued price pressures because of President Donald Trump's immigration and trade policies, a scenario that will likely keep threatening the bond market this year. Vanguard, the world's second-largest asset manager, which manages over $10 trillion, said in a first-quarter fixed income outlook report seen by Reuters that it expects "progress on inflation to stall," with core measures of price pressures stuck above the Federal Reserve's 2% target and above 2.5% for most of 2025. Trade and immigration policies implemented by Trump's Republican administration could complicate the picture further, it said in a report written by its active fixed income team, led by Sara Devereux, the global head of fixed income group.
Read MoreNibiru EVM (Nibiru V2) Codebase Finalized Following Rigorous Security Audits
Tortola, British Virgin Islands, January 23rd, 2025, Chainwire Nibiru, a secure and high-performance blockchain, has reached successful code completion for its upcoming Nibiru EVM...
Read MoreTop Stock Movers Now: Union Pacific, Alaska Air Group, American Airlines, and More
U.S. equities were mixed and little changed at midday as the S&P 500 traded near all-time highs.
Read MoreUnion Pacific Stock Surges as Earnings Top Expectations, Thanks to Falling Fuel Costs
Union Pacific shares surged Thursday after the big freight carrier posted better-than-expected earnings as its costs for fuel declined.
Read MoreElevance 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.
Read MoreStock 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.
Read MoreAlaska 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.
Read MoreBybit 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...
Read MorePrivate 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
Read MoreUS 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.
Read MoreLouisville 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 …
Read MoreJuicy 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
Read MoreWall 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
Read MoreNorway 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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