CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, 2025.Saul Loeb | Via ReutersThe strengthening dollar is posing challenges for the biggest U.S. tech companies, which have become increasingly reliant on overseas revenue. With other currencies weakening, money made elsewhere is worth less when converted into dollars.Amazon should suffer less than its megacap peers as the e-commerce giant generates…
Author: usaeverydaylife
The Bank of England on 6 Feb. 2025, in London, England.Richard Baker | In Pictures | Getty Images The Bank of England lowered interest rates by 25 basis points on Thursday, following the European Central Bank’s cut of the same amount on Jan. 30. The Reserve Bank of India is also widely expectedly to trim its repo rate by 25 basis points when its policy meeting ends on Friday.Many economies seem to be settling into a lower-rate environment as policymakers look to boost economic growth. That’s in stark contrast with the U.S. — it’s unclear if the U.S. Federal Reserve…
Tony Wang, T. Rowe Price Science & Technology Fund portfolio manager, joins ‘Fast Money’ to talk Amazon earnings. Source link
Japan’s household spending massively beats expectations, boosting case for further BOJ hikesJapan’s household spending in December rose 2.7% year on year in real terms, according to a Friday report from the Statistics Bureau of Japan, massively beating expectations from economists polled by Reuters and marking its first rise since July 2024.The figure sharply beat Reuters expectations of a 0.2% rise, boosting the case for another interest rate hike from the Bank of Japan.The data comes after the BOJ in January raised its benchmark policy rate to 0.5%, its highest since 2008. The BOJ has long stated that it would raise…
Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. Al Drago | Bloomberg | Getty ImagesThe Republican-led U.S. Senate confirmed President Donald Trump’s nominee Russell Vought as budget director on Thursday, placing the reins of government funding in the hands of hardline conservative who has advocated for reducing Congress’s power over taxpayer dollars.The Senate voted 53-47 to confirm Vought after a marathon overnight session during which Democrats denounced him as dangerous far-right ideologue and blasted Republicans for rubber-stamping Trump’s…
Verily headquarters in San Bruno, California.Courtesy: VerilyVerily is selling its stop-loss insurance subsidiary, Granular Insurance Company, to the insurance provider Elevance Health, the Alphabet health tech company confirmed to CNBC on Thursday.Verily is one of Google’s sister companies and operates within Alphabet’s “Other Bets” category. The Granular sale is the latest in a series of sweeping changes at the precision health company, which has slashed its workforce, restructured its business and overhauled its executive leadership in recent years.The terms of the deal were not disclosed. Verily launched Granular, initially called Coefficient Insurance Company, in 2020 with financial backing from the commercial…
A teenage girl died on Monday after being bitten by a shark while swimming at a popular beach in Queensland on Australia’s eastern coast, according to the authorities.The teenager, Charlize Zmuda, had been in the water off Woorim Beach, a surf spot about 45 miles north of Brisbane, when she was attacked by the shark just before 5 p.m.Paramedics rushed to treat Ms. Zmuda, 17, who had sustained “life-threatening upper body injuries,” the Queensland Ambulance Service said in a statement. She died on the beach from her injuries, according to the Queensland police.It was unclear what kind of shark attacked…
Amazon shares fell roughly 4% on Thursday evening despite the e-commerce and cloud giant reporting a stronger-than-expected fourth quarter after the closing bell. The market participants during extended trading took issue with a first-quarter 2025 forecast that missed estimates and a larger-than-expected capital expenditure plan. However, we don’t see either item as thesis-changing. Revenue increased 10% year over year to $187.8 billion, beating expectations for $187.3 billion, according to estimates compiled by LSEG. Earnings per share based on generally accepted accounting principles (GAAP), increased to $1.86, compared with a dollar last year and the $1.49 estimate. Operating income increased 61%…
The S&P 500 and the Nasdaq Composite notched their third straight winning session Thursday. Here’s what’s on CNBC’s radar going into Friday. Source link
David Risinger, Leerink Partners, joins ‘Fast Money’ to talk Eli Lilly earnings. Source link
