The number of Americans filing for jobless benefits fell last week in a sign that the labor market remains strong. Applications for jobless benefits fell by 16,000 to 207,000 for the week ending January 25, the Labor Department said Thursday. Analysts were expecting 225,000 new applications.
Bitcoin Extends Advance After Fed Meeting, Powell Commentary
(Bloomberg) -- Bitcoin extended its biggest jump in more than a week following the Federal Reserve’s latest monetary policy meeting and comments from Chair Jerome Powell that touched briefly upon crypto regulation.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTrump Paves the Way to Deputize Local Police on ImmigrationUS Students’ Reading Scores
Sirius XM (NASDAQ:SIRI) Exceeds Q4 Expectations
Satellite radio and media company Sirius XM (NASDAQ:SIRI) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 4.3% year on year to $2.19 billion. On the other hand, the company’s full-year revenue guidance of $8.5 billion at the midpoint came in 0.6% below analysts’ estimates. Its GAAP profit of $0.83 per share was 17% above analysts’ consensus estimates.
Exclusive-Thailand's economy may underperform with consumption weak, warns central bank chief
BANGKOK (Reuters) -Thailand's economic growth may falter at under 2.9% this year after a weaker-than-expected fourth quarter despite a vaunted government cash handout aimed at firing up sluggish growth, the central bank chief said on Thursday. The Bank of Thailand previously anticipated that the economy could expand by 2.9% this year, lower than the finance ministry's projection of 3% growth. "I have to say that there is some downside risk to that figure," Governor Sethaput Suthiwartnarueput told Reuters in an interview.
5 Things to Know Before the Stock Market Opens
News of the day for Jan. 30, 2025
1-800-FLOWERS (NASDAQ:FLWS) Misses Q4 Revenue Estimates, Stock Drops 16.3%
E-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 5.7% year on year to $775.5 million. Its non-GAAP profit of $1.08 per share was 9.2% below analysts’ consensus estimates.
Long-Term Bitcoin Holders Are Spending Their BTC, A Bullish Signal, Analysts Say
Analysts observing previous BTC bull market said the outlook remains constructive while long-term holders continue to distribute their coins.
Oshkosh (NYSE:OSK) Reports Strong Q4, Stock Soars
Specialty vehicles contractor Oshkosh (NYSE:OSK) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 6.3% year on year to $2.62 billion. The company’s full-year revenue guidance of $10.6 billion at the midpoint came in 3.4% above analysts’ estimates. Its non-GAAP profit of $2.58 per share was 18.2% above analysts’ consensus estimates.
Levi’s braces for effects of economic uncertainty on consumers
The denim brand shrugged off tariffs thanks to its diverse sourcing, but warned its outlook could sour if inflation and other pressures worsen.
Smaller economies' medium term default risk could have risen
Some of the world's smallest economies, especially in Africa, could be at increased risk of being unable to pay their debts in the medium term, even as developing nations have emerged from a series of sovereign defaults, financial adviser Lazard said. Investors do not expect more sovereign defaults in 2025, but credit metrics for smaller and riskier countries, known as frontier markets, point to a structural weakening, especially for governments in Africa, Thomas Lambert, of Lazard's sovereign advisory team, said. Markets expect it to be steady until June as Donald Trump's second administration has left the policy backdrop extremely uncertain.