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The S&P 500 will trade in a range that implies the index dropping as much as 8% or rising a little over 1% in the coming months, Morgan Stanley said.

The Federal Reserve can continue cutting interest rates at least "over the medium term," Fed Vice Chair Philip Jefferson said on Tuesday, reiterating the U.S. central bank's message that policymakers needn't rush their next rate cut. In that situation, "over the medium term, I continue to see a gradual reduction in the level of monetary policy restraint placed on the economy as we move toward a more neutral stance as the most likely outcome," Jefferson said. The outlook for this year is good, he said, but "we face additional uncertainties about the exact shape of government policies, as well as their economic implications."

(Bloomberg) -- Federal Reserve Vice Chair Philip Jefferson said it’s appropriate for policymakers to be cautious in adjusting interest rates, as long as the economy and labor market remain strong.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew York’s First ‘Passive House’ School Is a Model of Downtown DensityTransportation Memos Favor Places With Higher Birth and Marriage RatesWhen French Communists

Social media platforms are fueling the extreme budgeting trend.

Betting markets got attention in 2024 for accurately predicting Trump's election win. Now bettors are predicting the path of inflation and trade policy.

(Bloomberg) -- Bullish Global, a cryptoasset exchange operator whose backers include billionaire Peter Thiel, is considering an initial public offering as soon as this year, according to people familiar with the matter.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew York’s First ‘Passive House’ School Is a Model of Downtown DensityTransportation Memos Favor Places With Higher Birth and Marriage Rate

Global electronics contract manufacturer Kimball Electronics (NYSE:KE) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 15.2% year on year to $357.4 million. The company’s full-year revenue guidance of $1.42 billion at the midpoint came in 4.4% below analysts’ estimates. Its non-GAAP profit of $0.29 per share was 28.9% above analysts’ consensus estimates.

Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.5% year on year to $1.10 billion. On the other hand, next quarter’s revenue guidance of $756.5 million was less impressive, coming in 5.3% below analysts’ estimates. Its GAAP profit of $1.80 per share was 7.3% below analysts’ consensus estimates.

Toy manufacturing and entertainment company (NASDAQ:MAT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 1.6% year on year to $1.65 billion. Its non-GAAP profit of $0.35 per share was 73.9% above analysts’ consensus estimates.

Aerospace and defense company Mercury Systems (NASDAQ:MRCY) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 13% year on year to $223.1 million. On top of that, next quarter’s revenue guidance ($223.1 million at the midpoint) was surprisingly good and 5.3% above what analysts were expecting. Its non-GAAP profit of $0.07 per share was significantly above analysts’ consensus estimates.