Stock market today: S&P 500 clinches first record close of 2025, Dow pops after Trump takes spotlight at Davos
Stocks steady as investors stay focused on what Trump's intentions are.
Texas Instruments (NASDAQ:TXN) Delivers Impressive Q4, Quarterly Revenue Guidance Slightly Exceeds Expectations
Analog chip manufacturer Texas Instruments (NASDAQ:TXN) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 1.7% year on year to $4.01 billion. Guidance for next quarter’s revenue was better than expected at $3.9 billion at the midpoint, 1.3% above analysts’ estimates. Its GAAP profit of $1.30 per share was 8.3% above analysts’ consensus estimates.
Crypto's charms leave some investors in Davos cold
Despite watching Bitcoin's scorching run past $100,000 and the inauguration of Donald Trump, who has pledged to be a "crypto president" in the U.S., some of the world's largest investors said this week they still plan to stay on the sidelines. "I am not an advocate, nor a critic ... it is not what it was supposed to be, which was an alternative to banking," said Anne Walsh, chief investment officer at Guggenheim Partners, which is headquartered in New York and Chicago. "To me, what crypto really correlates to is Nasdaq - it's a risk-on appetite indicator to me," she told the Reuters Global Markets Forum on the sidelines of the World Economic Forum's annual meeting in Davos.
Larry Fink says Bitcoin is going all the way to $700,000
This story incorporates reporting fromInside Bitcoins and Inside Bitcoins.
Oil Declines After Trump Says He’ll Push OPEC to Lower Prices
(Bloomberg) -- Oil fell after President Donald Trump said he’ll push Saudi Arabia and OPEC to reduce the price of crude, reviving a tactic to control energy prices that he frequently employed during his first term in office. Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH
Why Is Guidewire (GWRE) Stock Soaring Today
Shares of insurance industry-focused software maker Guidewire (NYSE:GWRE) jumped 9.7% in the afternoon session after Goldman Sachs analyst Adam Hotchkiss initiated coverage of the stock with a Buy rating and a $210 price target. Hotchkiss thinks Guidewire's leadership in the key end markets and the momentum from customers migrating to the cloud should continue to support growth.
Why Micron (MU) Stock Is Nosediving
Shares of memory chips maker Micron (NYSE:MU) fell 5.3% in the morning session after peer, SK Hynix, raised concerns about potential demand challenges. During the earnings call, CFO Woo-Hyun Kim stated, "2025's memory demand outlook is clouded by inventory adjustments from PC and smartphone OEMs [original equipment manufacturers] as well as strengthened protective trade policies and geopolitical risks." This cautious outlook highlights broader industry pressures that could also affect competitor
Why Is GATX (GATX) Stock Soaring Today
Shares of leasing services company GATX (NYSE:GATX) jumped 6.5% in the afternoon session after the company reported strong fourth-quarter results, surpassing Wall Street's expectations for revenue and EPS, driven by robust demand for railcars. Looking ahead, GATX's full-year EPS guidance also exceeded analysts' expectations. Overall, we think this quarter was impressive.
Crosswinds lash US industrial economy
Despite encouraging signs, the U.S. manufacturing sector remains in the early stages of recovery. The post Crosswinds lash US industrial economy appeared first on FreightWaves.
Ethereum, beset by infighting, sags behind other tokens in a bull market
Ethereum is up 47% this year while its competitor, Solana, is up 200%.