President Donald Trump is planning a “gold card” visa with a potential pathway to U.S. citizenship for $5 million. “Golden visa” programs all have different frameworks and paths to permanent residency and have had mixed results in spurring investment in a country's economy. Who will qualify for a ‘gold card’?
"The policy rate remains restrictive enough to continue putting downward pressure on inflation over the longer term, as we need it to, while not negatively impacting the rest of the economy," Harker said in remarks prepared for delivery in Newark, Delaware. Meanwhile recent inflation data shows progress toward the Fed's 2% goal is slowing and still bumpy, he noted, with consumer prices in January unexpectedly rising at the fastest pace in a year and half. Still, he said in what is a common view among Fed policymakers, "the caution I am taking is to look at all the data and not be moved to act, in either direction, based on one report covering one month."
(Bloomberg) -- Federal Reserve Bank of Philadelphia President Patrick Harker said officials should allow their policy stance to continue to lower inflation, signaling support for holding interest rates steady for now. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew Yo
Shares of medical technology company Teleflex (NYSE:TFX) fell 22.9% in the morning session after the company reported disappointing fourth-quarter results, with revenue missing expectations by a significant margin. On a constant currency basis, revenue increased 3.2%, but this still fell short of Wall Street's estimates. Weak demand in Interventional Urology wiped out gains in the Interventional and Surgical units. Looking ahead, the company's 2025 revenue guidance implies little to no growth, w
Shares of plant-based food and beverage company SunOpta (NASDAQ:STKL) fell 18.8% in the morning session after the company reported weak fourth-quarter results: its gross margin missed significantly, and its full-year EBITDA guidance fell short of Wall Street's estimates. However, SunOpta exceeded analysts' EPS projections and delivered a slight EBITDA beat. While these positive aspects are noteworthy, the overall performance for the quarter was underwhelming.
Shares of higher education company Strategic Education (NASDAQ:STRA) fell 17.6% in the afternoon session after the company reported weak fourth-quarter results, with domestic student numbers falling short of expectations. Revenue for the quarter grew modestly by 2.9% year-on-year, but operating income declined significantly compared to the same period last year. On the other hand, Strategic Education beat analysts' EPS and EBITDA expectations this quarter. Zooming out, we think this was a mixed
Shares of personal care and home fragrance retailer Bath & Body Works (NYSE:BBWI) fell 12.8% in the afternoon session after the company reported weak fourth-quarter results: Sales declined 4.3% year-on-year, partly due to a calendar shift. Looking ahead, the company expects full-year revenue to grow modestly by 1% to 3%, with EPS projected to decline compared to the prior year. Meanwhile, Bath & Body Works exceeded analysts' EBITDA expectations this quarter, and its gross margin slightly outperf
Shares of digital medical services platform Teladoc Health (NYSE:TDOC) fell 16.4% in the pre-market session after the company shared poor fourth-quarter numbers: full-year EBITDA guidance missed significantly, and next quarter's sales outlook fell short of Wall Street's estimates. Revenue dropped 3% from last year. However, international sales were a bright spot, growing 10%. Still, it was a weaker quarter for the company.
Shares of marketing analytics software Semrush (NYSE:SEMR) fell 16.8% in the afternoon session after the company reported underwhelming fourth-quarter results: full-year revenue guidance fell short, and customer growth showed signs of deceleration.
Satoshi Action Fund CEO Dennis Porter argues that Bitcoin is not just a Republican issue, emphasizing its potential as "the most inclusive monetary system in history."
