Household products company Reynolds (NASDAQ:REYN) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 1.4% year on year to $1.02 billion. Its non-GAAP profit of $0.65 per share was 12.5% above analysts’ consensus estimates.
5 Things to Know Before the Stock Market Opens
News of the day for Feb. 5, 2025
US futures knocked by Alphabet earnings; gold strikes record
U.S. stock futures fell on Wednesday after disappointing earnings from Alphabet, while the dollar took a dive against the yen, which rallied sharply after Japanese wage data upped the chances of another rate hike. Investors shrugged off comments from President Donald Trump that the U.S. would like to take over the war-ravaged Gaza Strip and develop it economically. S&P 500 futures fell 0.5% and Nasdaq futures lost 0.9%.
Johnson Controls’s (NYSE:JCI) Q4 Sales Top Estimates, Stock Soars
Building operations company Johnson Controls (NYSE:JCI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 4.2% year on year to $5.43 billion. Its non-GAAP profit of $0.64 per share was 8.5% above analysts’ consensus estimates.
Poland Extends Interest Rate Pause With Economy on the Mend
(Bloomberg) -- Poland’s central bank extended its period of stable interest rates into 16th month with an expected rebound in economic growth adding to Governor Adam Glapinski’s arguments against the need for cuts.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew York’s First ‘Passive House’ School Is a Model of Downtown DensitySan
Magnificent Seven’s Slowing Growth Threatens S&P 500 Rally
(Bloomberg) -- Last week, DeepSeek’s emergence as an AI threat wiped half a trillion dollars of value off Nvidia Corp. Last night, Alphabet Inc.’s disappointing earnings sparked questions about its capital expenditures and put its stock on pace for the worst drop in more than a year.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew
Honda Stock Jumps as Merger With Nissan Reportedly Nears Collapse
Honda Motor's U.S.-listed shares are rising in premarket trading following reports that the Japanese automaker’s plans to merge with ailing domestic rival Nissan are in jeopardy.
The New $500 Billion Stargate Project Is Fantastic News for These 3 Artificial Intelligence Cryptos
In January, the Trump administration announced Stargate -- a groundbreaking new artificial intelligence project that plans to invest over $500 billion in AI infrastructure. While some of the initial optimism surrounding the project has been eroded by the recent launch of Chinese AI competitor DeepSeek, Stargate will likely provide an enormous boost to the AI sector. Three with significant upside potential are Render (CRYPTO: RENDER), Bittensor (CRYPTO: TAO), and Artificial Superintelligence Alliance (CRYPTO: FET).
Bitcoin-Gold Ratio at 12-Week Low as U.S. Physical Gold Deliveries Soar
Traders have been loading the yellow metal on U.S.-bound planes. Investment banking giant JPMorgan plans to deliver $4 billion of gold to New York this month.
Uber Stock Sinks as Bookings Forecast Disappoints
Uber Technologies shares dropped in premarket trading Wednesday after the ridesharing giant's current-quarter gross bookings outlook came in mostly below analysts' estimates.