30 January 2025, Norway, Oslo: Trygve Slagsvold Vedum (2nd from right), Chairman of the Norwegian Center Party and former Finance Minister of Norway, and Marit Arnstad (right), leader of the Center Party parliamentary group, give a press conference in parliament. Photo: Soeren Stache/dpa (Photo by Soeren Stache/picture alliance via Getty Images)Picture Alliance | Picture Alliance | Getty ImagesOSLO, Jan 30 (Reuters) – Norway’s eurosceptic Centre Party quit the government on Thursday in a dispute over the adoption of European Union energy policies, leaving the centre-left Labour Party to rule alone eight months before an election.The announcement by Finance Minister Trygve…
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The backdrop should be reassuring for many investors: A lively bull market, pro-business policies promised by the Trump administration and a Federal Reserve close to pulling off a soft landing. However, Wall Street’s biggest names aren’t sounding so bullish for the year ahead. Convening at an alternative investments conference in Miami this week, hedge-fund titans and industry pros collectively struck a cautious tone about elevated market valuations and potentially negative impacts from President Donald Trump’s protectionist policies. Point72′s Steve Cohen said he believes tariffs and an immigration crackdown will stoke inflationary pressures and hinder consumer spending. The family office head and…
Shares of Club name Dover jumped Thursday, as a strong profitability outlook for the year ahead outshined some blemishes in the industrial conglomerate’s fourth-quarter results. The report solidified Dover’s place in our portfolio. Revenue in the fourth quarter rose 1.3% year over year, to $1.93 billion, short versus the $1.95 billion the Street was looking for, according to estimates compiled by LSEG. Adjusted earnings per share (EPS) in the three months ended Dec. 31 totaled $2.20, outpacing expectations of $2.08 per share, LSEG data showed. In afternoon trading, Dover shares were off their highs of the session, trading up nearly…
When Apple releases its fiscal first-quarter results Thursday afternoon, Wall Street will be looking closely at iPhone sales trends. The company’s flagship product is what drives much of its quarterly performance. Forecasted iPhone demand also informs analyst outlooks on the stock. Morgan Stanley and Evercore ISI hold the view that the December quarter’s results will come in-line with consensus estimates and both retained their overweight ratings. However, Morgan Stanley analyst Erik Woodring lowered his forecast for the March quarter citing both muted iPhone demand and foreign exchange headwinds. AAPL 1Y mountain Apple shares over the past year. Although Evercore ISI’s…
Sopa Images | Lightrocket | Getty ImagesThe U.S. Department of Justice has sued to block Hewlett Packard Enterprise’s $14 billion deal to acquire networking gear maker Juniper Networks, arguing that it would stifle competition, according to a complaint filed on Thursday.Shares of both the server maker and Juniper Networks fell more than 2% in afternoon trading. The antitrust lawsuit marks the first since President Donald Trump took office last week.The DOJ argued that the acquisition would eliminate competition and would lead to only two companies — Cisco Systems and HPE — controlling more than 70% of the U.S. market for networking equipment.More than…
Fairshake, the super PAC bankrolled by crypto’s biggest players, announced Thursday it has $116 million in cash on hand, a war chest aimed at the 2026 midterm election cycle.The fundraising total, which includes $11 million in new contributions, cements Fairshake as one of the most influential political forces in the country.”With the midterms on the horizon, we are poised to continue backing candidates committed to advancing innovation, growing jobs, and enacting thoughtful, responsible regulation,” Fairshake said in a statement.Major backers like Coinbase, a16z, Jump Crypto, Uniswap Labs, and Ripple Labs have doubled down on their commitment to electing pro-crypto candidates…
Let’s be clear: ESPN NFL insider extraordinaire Adam Schefter loves his job. The moves, the exchanging of information and, maybe most of all, the relationships.That doesn’t mean he never feels like he’s in a “cage,” a prisoner to the pressure of being first and right on every incessant NFL move.He’s been covering the NFL for more than three decades and is paid handsomely at around $9 million per year. A few years ago, he did some sideline work on NBA games and loved it. He has some other dreams.“I like being let out of the cage, and ESPN doesn’t let…
Hamas released eight hostages, including three Israelis and five Thais, on Thursday as part of a hostage-for-prisoner exchange, more than a year after they were taken captive during the Hamas-led attack on southern Israel on Oct. 7, 2023.Agam Berger, an Israeli army soldier, was released first in a highly choreographed ceremony in northern Gaza. A second hostage release in southern Gaza descended into chaos as crowds pushed forward to try to get a glimpse of them.The hostage release is part of a 42-day cease-fire deal that went into effect this month, pausing the fighting between Israel and Hamas. Hamas agreed…
These are the stocks posting the largest moves in midday trading. Source link
A handful of stocks that are set to release earnings have a track record of beating Wall Street estimates. So far, 113 companies in the S & P 500 index, or roughly 22% of the total, have reported earnings for the December quarter as of Wednesday. Collectively, companies have so far posted earnings growth of 31% versus the year-earlier period. When all is said and done, analysts polled by FactSet expect fourth quarter earnings for the entire S & P 500 will expand by 12% from the same quarter a year ago. Against this backdrop, CNBC Pro used earnings data…
