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President Donald Trump wasted no time criticizing the Fed after it held rates steady Wednesday, arguing Jerome Powell and the central bank "failed to stop the problem they created" on inflation.

Freight delivery company Landstar (NASDAQ:LSTR) reported Q4 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $1.21 billion. Its GAAP profit of $1.31 per share was 2.5% below analysts’ consensus estimates.

The Trump administration rescinded its controversial memo ordering a freeze on federal aid and grant programs Wednesday but insisted it would still follow through on plans to pause certain types of federal spending.

(Bloomberg) -- Howard Lutnick, President Donald Trump’s nominee to lead the Commerce Department, offered a detailed defense of tariffs in his confirmation hearing, the clearest signal yet from a cabinet pick that the new administration is prepared to impose the levies on allies and adversaries alike.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 Mem

Electric vehicle pioneer Tesla (NASDAQ:TSLA) fell short of the market’s revenue expectations in Q4 CY2024 as sales rose 2.1% year on year to $25.71 billion. Its non-GAAP profit of $0.73 per share was 5.2% below analysts’ consensus estimates.

Home appliances manufacturer Whirlpool (NYSE:WHR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 18.7% year on year to $4.14 billion. The company’s full-year revenue guidance of $15.8 billion at the midpoint came in 2.8% below analysts’ estimates. Its GAAP loss of $7.10 per share was significantly below analysts’ consensus estimates.

Freight transportation intermediary C.H. Robinson (NASDAQ:CHRW) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $4.18 billion. Its non-GAAP profit of $1.21 per share was 9.3% above analysts’ consensus estimates.

Social network operator Meta Platforms (NASDAQ:META) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 20.6% year on year to $48.39 billion. On the other hand, next quarter’s revenue guidance of $40.65 billion was less impressive, coming in 2.4% below analysts’ estimates. Its GAAP profit of $8.02 per share was 18.7% above analysts’ consensus estimates.

Fed Chair Jerome Powell urged Congress to establish clearer crypto regulations, noting the need for better investor protections.

New FASB rules allow for corporate bitcoin owners to mark those assets to market.