Pink Cheetah Express LLC, a small Kissimmee, Florida-based motor carrier, alleges that TQL has flouted a 2023 Department of Transportation order mandating compliance with federal broker transparency rules. The post TQL faces federal lawsuit over broker transparency dispute appeared first on FreightWaves.
Macy's forecast annual sales and profit below Wall Street expectations on Thursday, reflecting a broader trend among U.S. retailers grappling with reduced consumer spending amid the added pressure of new trade restrictions. The department-store chain, which sources a significant portion of its self-branded goods from China, is also expected to take a hit as President Donald Trump's newly announced tariffs will likely place an additional burden on already tight American household budgets. "I don't think the consumer is going to feel a sense of relief in the short term," CEO Tony Spring said in a post-earnings call.
Morning Bid U.S. We've revamped Morning Bid U.S. to offer you more in-depth markets analysis and commentary. The European Central Bank will almost certainly deliver an interest rate cut today despite the recent surge in euro area government yields, but the central bank may be forced to pause after today as it assesses Germany's extraordinary fiscal reboot.
Turkey’s central bank lowered its key interest rate by a further 2.5 percentage points on Thursday, days after official figures indicated a slowdown in inflation that has eroded households’ purchasing power. The bank’s Monetary Policy Committee said it was reducing its benchmark one-week repo rate from 45% to 42.5%. “While inflation expectations and pricing behavior tend to improve, they continue to pose risks to the disinflation process,” the bank said.
Off-price retail company Burlington Stores (NYSE:BURL) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.8% year on year to $3.28 billion. On the other hand, next quarter’s revenue guidance of $2.50 billion was less impressive, coming in 4.3% below analysts’ estimates. Its non-GAAP profit of $4.07 per share was 8% above analysts’ consensus estimates.
The Bitwise Diaman Bitcoin & Gold ETP (BTCG), which commenced trading on Euronext Paris and Amsterdam on Thursday, replicates the Diaman Bitcoin and Gold Index
Wall Street's main indexes fell on Thursday, led by a decline in chip stocks as Marvell's forecast fanned worries of slowing demand for AI infrastructure, while worries about a trade war unleashed by U.S. tariffs also weighed on sentiment. Concerns about overspending and overcapacity in the U.S. AI industry, in the face of China's cheaper DeepSeek models, paused Wall Street's bull rally in January. The tech-heavy Nasdaq is now down over 9% from its record high hit in December.
NEW YORK (Reuters) -Investors are recalibrating how to play U.S. President Donald Trump's whipsawing policy changes, weighing that a so-called "Trump put" supporting stock market prices may be fading and that his administration is more keenly focused on the debt markets. Investors had bet strongly that Trump's agenda to lower taxes and usher in deregulation would support risk assets in a similar way to his first term when he frequently touted the stock market's performance. The so-called "Trump put," which refers to options, assumes that he will do whatever possible to keep the stock market happy.
Healthcare services provider BrightSpring Health Services (NASDAQ:BTSG) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 28.6% year on year to $3.05 billion. The company expects the full year’s revenue to be around $11.85 billion, close to analysts’ estimates. Its non-GAAP profit of $0.22 per share was in line with analysts’ consensus estimates.
Looking for the best money market account interest rates available today? Here’s where to find the highest rates. Is a good time to open a money market account?
