Bessent tries to calm the markets — again
The Treasury secretary sought Thursday to persuade nervous investors that President Donald Trump’s economic policies are part of a larger, coherent vision.
Chaotic Market Burns Array of Hedge Fund Strategies in February
(Bloomberg) -- Millennium Management, Citadel and other top hedge funds posted lackluster returns in February, as market gyrations reversed momentum on key trades and clobbered popular stocks.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to
Stock of the Day: Marvell plunges 18% after weak outlook fails to restart the AI rally
The chipmaker fell sharply early Thursday as its slight earnings outlook failed to impress investors looking for a boost to the AI trade.
Trump may reportedly order U.S. Bitcoin reserve using seized crypto
Trump may sign an executive order to create a U.S. Bitcoin reserve using seized BTC, Bloomberg reports.
Victoria's Secret Stock Sinks as Sales-Growth Outlook Disappoints
The company forecasts net sales for 2025 to be between $6.2 billion and $6.3 billion, a year-over-year increase of 0.3%, versus 0.9% in 2024.
Funko’s (NASDAQ:FNKO) Q4 Sales Beat Estimates But Full-Year Sales Guidance Misses Expectations
Pop culture collectibles manufacturer Funko (NASDAQ:FNKO) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $293.7 million. On the other hand, next quarter’s revenue guidance of $193 million was less impressive, coming in 21.5% below analysts’ estimates. Its non-GAAP profit of $0.03 per share was 2 cents below analysts’ consensus estimates.
Domo (NASDAQ:DOMO) Posts Better-Than-Expected Sales In Q4
Data visualization and business intelligence company Domo (NASDAQ:DOMO) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 1.8% year on year to $78.77 million. The company expects next quarter’s revenue to be around $78 million, close to analysts’ estimates. Its non-GAAP loss of $0.05 per share was 68.8% above analysts’ consensus estimates.
Stock market today: Nasdaq enters correction, S&P 500 sinks to lowest since November as stocks get clobbered on Trump tariff whiplash
Investors continue to grapple with Trump's shifting tariff policy and worries about the economy.
Clarus’s (NASDAQ:CLAR) Q4: Beats On Revenue But Full-Year Sales Guidance Misses Expectations Significantly
Outdoor lifestyle and equipment company Clarus (NASDAQ:CLAR) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 6.7% year on year to $71.41 million. On the other hand, the company’s full-year revenue guidance of $255 million at the midpoint came in 10.8% below analysts’ estimates. Its non-GAAP loss of $0.08 per share was significantly below analysts’ consensus estimates.
Smith & Wesson (NASDAQ:SWBI) Misses Q4 Sales Targets, Stock Drops
American firearms manufacturer Smith & Wesson (NASDAQ:SWBI) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 15.7% year on year to $115.9 million. Its non-GAAP profit of $0.02 per share was in line with analysts’ consensus estimates.