Monro (NASDAQ:MNRO) Reports Sales Below Analyst Estimates In Q4 Earnings, Stock Drops
Auto services provider Monro (NASDAQ:MNRO) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 3.7% year on year to $305.8 million. Its non-GAAP profit of $0.19 per share was 35.6% below analysts’ consensus estimates.
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Nasdaq's fourth-quarter profit rises on fintech strength
The company has been expanding outside its market-sensitive core activities of trading and listing to products that help traders navigate compliance requirements and safeguard against financial crimes. Revenue from Nasdaq's financial technology business rose nearly 9.8% in the fourth quarter. Hopes of a soft landing for the U.S. economy, strong equity markets and expectations of a friendlier regulatory environment for deals and offerings under the Trump administration breathed new life into the U.S. IPO market during the reported quarter.
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Trump’s 9-Hour Economic War on Colombia Rattles Emerging Markets
(Bloomberg) -- For most of the time since Donald Trump won office, Colombia appeared safely out of his crosshairs. Preoccupied with the likes of Mexico and China, he barely uttered a word about the country, giving traders in Bogota the confidence to steadily bid up the peso and stock prices. Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas H
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Gold Market Launches Ledger To Track Bars From Refiner to Vault
(Bloomberg) -- The gold market has launched a digital database to track bullion and keep precious metal from illicit sources out of the market.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingThe Gold Bar Integrity Datab
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Brinker International’s (NYSE:EAT) Q4: Strong Sales, Stock Soars
Casual restaurant chain Brinker International (NYSE:EAT) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 26.5% year on year to $1.36 billion. The company’s full-year revenue guidance of $5.2 billion at the midpoint came in 6.1% above analysts’ estimates. Its non-GAAP profit of $2.80 per share was 50.9% above analysts’ consensus estimates.
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ASML Stock Jumps as Strong AI Demand Lifts Bookings
ASML Holding shares are surging 6% in intraday trading Wednesday after the Dutch semiconductor-gear manufacturer reported better-than-expected fourth-quarter results.
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Goldman Strategists Say Tech Selloff Was No Bear Market Signal
(Bloomberg) -- The tech-led selloff in US equities at the start of this week was just a blip, given the positive outlook for the economy, according to Goldman Sachs Group Inc. strategists.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO
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AI stock shock could spark broader gains in US market
A development in the field of artificial intelligence that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares that has propelled the market higher. Tech stocks, led by megacap companies, have been the driving force of the current bull market. The S&P 500 tech sector has gained some 90% in the past two years, nearly doubling the gain for the overall benchmark index.
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Best money market account rates today, January 29, 2025 (up to 4.75% APY)
Looking for the best money market account interest rates available today? Here’s a look at where to find the highest rates and whether now is a good time to open a money market account.
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Nvidia's stock rout is just the beginning of more pullbacks that could be multiple times larger, 'Black Swan' author says
Nvidia stock shed 17% on Monday and erased $589 billion from its market cap, the worst single-day loss of market value ever, amid panic over DeepSeek.
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Apollo’s Wealthy Customers Want In on the Private Markets Boom
(Bloomberg) -- For years, the best opportunities in private markets were snapped up by institutional investors. Now, Apollo Global Management Inc. is helping the world’s ultra-wealthy get in on the action. Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnso
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European shares hit record high as ASML lifts tech stocks
(Reuters) -European shares hit a record high on Wednesday, as chip equipment maker ASML led technology stocks higher after reporting strong quarterly results. The pan-European STOXX 600 was up 0.5%, as of 0923 GMT, rising past Tuesday's all-time high close. ASML's shares jumped 11.2% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.09 billion euros ($7.39 billion).
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Cumulative traffic to exchanges increased by 8% in October — report
Cumulative monthly traffic to 20 leading crypto exchanges increased by 8% in October — reflecting …
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Norway $1.8 Trillion Fund Returns 13% on Tech Stocks Gains
(Bloomberg) -- Norway’s sovereign wealth fund last year returned 13%, or $222 billion, but missed its self-imposed target for the second year in a row despite gains from the booming US technology sector.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson,
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EU Expresses Concerns as U.S. Dollar Dominates 97% of Global Stablecoin Market
The European Union is concerned about the growing dominance of the U.S. dollar in the stablecoin market.
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