News

It was mostly a wonky discussion from Sacks and four Senate/House committee chairs.

Millions of Americans may soon find out they're crypto investors when their states leap into the markets even before the feds figure out what to do.

Google parent Alphabet reported fourth-quarter earnings that topped analysts' estimates, but its cloud revenue came in short, sending shares lower in extended trading Tuesday.

Semiconductor production equipment company Kulicke & Soffa (NASDAQ: KLIC) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 3% year on year to $166.1 million. On the other hand, next quarter’s revenue guidance of $165 million was less impressive, coming in 4.9% below analysts’ estimates. Its non-GAAP profit of $0.37 per share was 32.1% above analysts’ consensus estimates.

Modular home and building manufacturer Skyline Champion (NYSE:SKY) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 15.3% year on year to $644.9 million. Its non-GAAP profit of $1.04 per share was 27.8% above analysts’ consensus estimates.

Landon Zinda, former policy director for crypto think tank Coin Center, is the task force’s new senior advisor.

(Reuters) -The three major stock indexes closed higher on Tuesday, aided by energy stocks, while investors saw reason for optimism for a trade breakthrough between the U.S. and China after President Donald Trump delayed tariffs for Canada and Mexico. New 10% U.S. tariffs on Chinese imports took effect on Tuesday, which China countered with levies on U.S. goods. It was unclear when the country's leaders would talk and Trump said he was in no hurry.

Business communications software company 8x8 (NYSE:EGHT) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.2% year on year to $178.9 million. On the other hand, next quarter’s revenue guidance of $178 million was less impressive, coming in 2% below analysts’ estimates. Its non-GAAP profit of $0.11 per share was 27.6% above analysts’ consensus estimates.

Packaged snacks company Mondelez (NASDAQ:MDLZ) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.1% year on year to $9.60 billion. Its non-GAAP profit of $0.65 per share was in line with analysts’ consensus estimates.

Tax preparation company H&R Block (NYSE:HRB) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales were flat year on year at $179.1 million. The company expects the full year’s revenue to be around $3.72 billion, close to analysts’ estimates. Its non-GAAP loss of $1.73 per share was 8.6% below analysts’ consensus estimates.