U.S. stocks were selling off Monday, as fears that China’s artificial intelligence company DeepSeek could disrupt profits for Big Tech stocks spooked investors already worried about their high valuations.
General Motors swung to a loss in the fourth quarter on an increasingly difficult environment in China, but still topped profit and revenue expectations on Wall Street
Wall Street’s so-called fear gauge has dropped this week, as the U.S. stock market appeared relieved that Treasury yields retreated from their recent climb. The Cboe Volatility Index was down 3.5% on Friday afternoon at 16,
Wall Street’s so-called fear gauge was down Tuesday, as the U.S. stock market staged a broad rally in its first day of trading under the new White House administration. The Cboe Volatility Index was falling around 4.
GM faces China setback but beats expectations, offers generous profit-sharing to workers, and navigates U.S. regulations.
The tech-heavy Nasdaq Composite index slid 3.5 per cent shortly after the opening bell, while the broader S&P 500 fell about 2 per cent. Nvidia, which surged last year on bets that Big Tech companies would require vast numbers of advanced chips to power their AI models, sold off by 13 per cent.
US equities were poised to end the first week of Donald Trump’s second term higher, checked by the outlook for rates and earnings.
Bank of America made $6.7 billion of profit in the fourth quarter of 2024, more than doubling earnings from a year earlier and beating analysts’ estimates of $6 billion. The second-largest U.S. lender by assets posted per-share earnings of 82 cents,
JPMorgan shares jumped on the bank's final financial results of 2024, climbing 2.6% before the bell.
General Motors swung to a loss in the fourth quarter on huge charges related to China, but still topped profit and revenue expectations on Wall Street
Starbucks has reported better-than-expected sales in its fiscal first quarter as some of its turnaround efforts start to take hold.
The Q4 earnings season continued on a positive note after big banks and other financials struck a bullish tone in the first two weeks of reporting. Click to read.