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Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve.

Payments and billing software maker Bill.com (NYSE:BILL) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 13.9% year on year to $362.6 million. On the other hand, next quarter’s revenue guidance of $355 million was less impressive, coming in 1.6% below analysts’ estimates. Its non-GAAP profit of $0.56 per share was 20.1% above analysts’ consensus estimates.

HOUSTON (Reuters) -Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year despite President Donald Trump's vow to maximize production, energy executives forecast on Thursday. At a conference in Houston, they said production is expected to rise in 2025 by about 250,000 barrels per day (bpd) to 300,000 bpd from the shale formation spread across Texas and New Mexico, down from last year's 380,000-bpd increase. That forecast aligns with the U.S. Energy Information Administration's projection of a 300,000-bpd rise.

Healthcare professional network Doximity (NYSE:DOCS) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 24.6% year on year to $168.6 million. On top of that, next quarter’s revenue guidance ($133 million at the midpoint) was surprisingly good and 4.7% above what analysts were expecting. Its non-GAAP profit of $0.45 per share was 34% above analysts’ consensus estimates.

Semiconductor designer Power Integrations (NASDAQ:POWI) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 17.6% year on year to $105.3 million. On the other hand, next quarter’s revenue guidance of $105,250 was less impressive, coming in 99.9% below analysts’ estimates. Its non-GAAP profit of $0.30 per share was 8.7% above analysts’ consensus estimates.

President Donald Trump's crackdown on the border could stifle a surge of immigration that gave an $8.9 trillion boost to the economy, according to one recent analysis.

(Bloomberg) -- Federal Reserve Governor Christopher Waller said he’s supportive of stablecoins because they are likely to propagate the dollar’s status as a reserve currency, though they need a clear set of rules and regulations.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneTransportation Memos Favor Places With Higher Birth and Marriage RatesState Farm Seeks Emergency California Rate Hike After

Social commerce platform Pinterest (NYSE: PINS) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 17.6% year on year to $1.15 billion. Guidance for next quarter’s revenue was better than expected at $844.5 million at the midpoint, 1% above analysts’ estimates. Its non-GAAP profit of $0.56 per share was 13.5% below analysts’ consensus estimates.

Online travel agency Expedia (NASDAQ:EXPE) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 10.3% year on year to $3.18 billion. Its non-GAAP profit of $2.39 per share was 13.9% above analysts’ consensus estimates.

Arm and Qualcomm stocks dropped more than 4% Thursday despite their above-forecast quarterly earnings results the day prior — a sign that investors aren’t so patiently waiting to see if artificial intelligence will drive a wave of demand for consumer devices that rely on the companies’ chips.