The market anxiety ahead of Donald Trump's tariffs deadline focused Friday on oil and gas after the president acknowledged there could be issues including the energy staple in his overall plans.
Life sciences company Neogen (NASDAQ:NEOG) beat Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $231.3 million. Its non-GAAP profit of $0.11 per share was in line with analysts’ consensus estimates.
Grayscale has launched the Dogecoin Trust, offering investors exposure to DOGE. Despite the announcement, Dogecoin is down 3% in the past 24 hours, trading at $0.3255.
The White House confirmed sizable tariffs on Mexico, Canada and China will go into effect tomorrow.
U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon. While the report from the Commerce Department on Friday showed a modest gain in prices excluding the volatile food and energy components on a monthly basis, the annual increase in the so-called core inflation has not slowed since October. The policy statement accompanying the decision did not include the reference to inflation having "made progress" toward the Fed's 2% target.
Shares of footwear and apparel conglomerate Deckers (NYSE:DECK) fell 16.8% in the morning session after the company reported mixed fourth quarter results: its full-year revenue guidance slightly missed even though the company raised it. The sales guidance suggested a steady slowdown in growth to the mid-teens. On the other hand, Deckers blew past analysts' constant currency revenue and EPS estimates. Overall, this quarter had some key positives, but the market was expecting even better results.
Nvidia CEO Jensen Huang is set to meet with President Donald Trump at the White House Friday, after a wild week for the chipmaker's stock.
Elon Musk’s father, Errol Musk, launches the Musk It (MUSKIT) memecoin, surging 355% in a day and outperforming Dogecoin and Shiba Inu.
Hedge funds have bet billions of dollars against Donald Trump’s America amid fears of a market crash.
U.S. equities were mostly higher at midday on positive tech earnings news and a report showing December inflation came in as expected.
