Biotech company Amgen (NASDAQ:AMGN) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 10.9% year on year to $9.09 billion. The company’s full-year revenue guidance of $35 billion at the midpoint came in 1.4% above analysts’ estimates. Its non-GAAP profit of $5.31 per share was 4.6% above analysts’ consensus estimates.
'Blockchain Gandalf’ on crypto, the metaverse and saving the world
Keir Finlow-Bates is not your typical blockchain expert. Known online as "Blockchain Gandalf," his LinkedIn tagline reads, "I walk through the woods thinking about blockchain." That alone tells you he brings a different perspective to the space.
SEC Commissioner Hester Peirce Lays Out 10 Priorities for New Crypto Task Force
Peirce also urged crypto companies to be patient as the agency decides how to “disentangle” itself from litigation initiated under former Chair Gary Gensler.
Alphabet’s (NASDAQ:GOOGL) Q4 Earnings Results: Revenue In Line With Expectations But Stock Drops
Online advertising giant Alphabet (NASDAQ:GOOGL) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 11.8% year on year to $96.47 billion. Its GAAP profit of $2.15 per share was 1.2% above analysts’ consensus estimates.
Dollar Drop Seen to Be Brief Amid Tariff Worries, US Economic Strength
(Bloomberg) -- Traders are wagering that Tuesday’s slump in the dollar will likely prove short-lived, given the backdrop of relative US economic strength and the risks that a trade war could drive investors into havens. 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 Rat
Alphabet stock tumbles after cloud revenue miss, spending growth
Google reported its Q4 earnings after the bell Tuesday, missing on cloud expectations.
Lumen Technologies (NYSE:LUMN) Beats Q4 Sales Targets, Stock Soars
Telecom company Lumen Technologies (NYSE:LUMN) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 5.3% year on year to $3.33 billion. Its non-GAAP profit of $0.09 per share was significantly above analysts’ consensus estimates.
Trump’s tariff tactics carry higher economic risks than during his first term
When Donald Trump started the biggest trade war since the 1930s in his first term, his impulsive combination of threats and import taxes on U.S. trading partners created chaos, generated drama -- and drew criticism from mainstream economists who favor free trade. The trade war sequel that Trump has planned for his second term – if it unfolds the way he's described it – would likely be a different matter altogether. Trump appears to have grander ambitions and is operating in a far more treacherous economic environment this time.
Bitcoin OP_CAT Proposal Gets Boost From Taproot Wizards' $30M Fundraise
Taproot Wizards will use the funding to build an ecosystem of applications using the OP_CAT Bitcoin improvement proposal
Musk effect? Tesla sales slump in five European markets in January
Tesla posted lower sales across five European countries in January, including the United Kingdom and France, as competitors with newer models gained on the electric vehicle maker and polls show public opinion souring on CEO Elon Musk. Musk has made a high-profile foray into politics, with much of his 2024 dominated by his financial support of Donald Trump, on whom the billionaire CEO spent $250 million in what proved a successful campaign to return to the White House. Tesla's UK sales fell nearly 12% in January, even as monthly EV registrations in Europe's biggest battery-electric market surged to a record, according to data published by New AutoMotive on Tuesday.