Whirlpool Stock Sinks on Appliance Maker's Weaker-Than-Expected Results, Outlook
Whirlpool's North American sales dropped, and the home appliance maker's fourth-quarter results and guidance came up short of forecasts.
The US economy just had another robust year
Another year of robust economic growth is in the books, underscoring how the Biden administration handed President Donald Trump what many consider a solid economy.
Kraken Brings Back Crypto Staking for U.S. Customers
Kraken, which was forced to shutter its staking products in early 2023 thanks to the SEC, has re-introduced on-chain staking for U.S. clients in 39 state territories.
Banks Offer to Do Deals for Free in Hectic Leveraged Loan Market
(Bloomberg) -- Investment bankers who cater to private equity firms are offering to do deals for free as a global rally drives rampant demand for leveraged loans.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoHow the 2025 Catholic Jubilee Is Reshaping RomeThey’re pitching a high volume o
U.S. economy grows solid 2.3% in October-December on eve of Trump return to White House, 2.8% in '24
A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration. The Commerce Department reported Thursday that gross domestic product — the economy's output of goods and services — expanded at a 2.3% annual rate from October through December. The fourth-quarter growth was a tick below the 2.4% economists had expected, according to a survey of forecasters by the data firm FactSet.
Blackstone President Jon Gray Calls the Bottom After Office-Market Rout
(Bloomberg) -- Blackstone Inc., the world’s largest commercial property owner, said the worst is over for the global office market after a prolonged slump fueled by the pandemic.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump Paves the Way to Deputize Local Police on ImmigrationTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoHow the 2025 Catholic Jubilee Is Reshaping Rome“Office has bott
Heidelberg Materials bets on US market under Trump
Heidelberg Materials, the world's second-largest cement maker, wants to do more deals in the U.S. in 2025 and is confident the policies of President Donald Trump will boost its business. In his first comments since Trump took office last week, the CEO of German-listed Heidelberg Materials said the new administration had a clear growth agenda. Heidelberg Materials, which competes with Holcim, makes around a quarter of its sales in the North American region, where it employs around 9,000, or around 18% of its total staff.
Tesla stock rises after company pledges return to growth after Q4 results disappoint
Tesla's fourth quarter earnings disappointed, but the company's commitment to returning to growth in 2025 saw shares rise in extended trading on Wednesday.
BMO Becomes Second Canadian Bank to Launch Currency-Hedged Global Stocks
(Bloomberg) -- Bank of Montreal is stepping into a booming product category that offers exposure to popular global stocks while hedging against currency volatility, becoming the second Canadian bank to do so. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTrump Paves the Way to Deputize Local Police on ImmigrationUS Students’ Reading Scores Drop
Reversal of SAB 121 will let banks ‘take loans’ against Bitcoin — BitLab Director
Reversal of SAB 121 allows banks to offer Bitcoin-backed loans, making it easier for holders to access capital without selling their assets, says BitLab Director Kelly Kellam.