• Feb 25, 2025

Nasdaq touches over one-month low after weak consumer sentiment data

The tech-heavy Nasdaq led Wall Street declines on Tuesday, hitting a six-week low after fresh economic data indicated a deterioration in consumer sentiment and investors braced for the potential impact of tighter U.S. trade curbs on Beijing. A Conference Board report showed an index tracking consumer confidence stood at 98.3 in February compared with an estimate of 102.5, according to economists polled by Reuters. Investors also focused on a report that said the U.S. was planning further restrictions on Nvidia's chip exports to China and that Washington was consulting with allies about tightening chip controls on China.

  • Feb 25, 2025

Bond Market Confronts Prospect of Quick Boost to German Spending

(Bloomberg) -- A widely-watched gauge of the attractiveness of German debt fell to the most negative on record as policymakers discuss borrowing more to fund defense spending.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesAs Visitors Discover Ghent, the City Is Trying to Prevent a

  • Feb 25, 2025

Carter's (NYSE:CRI) Exceeds Q4 Expectations But Stock Drops

Children’s apparel manufacturer Carter’s (NYSE:CRI) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales were flat year on year at $859.7 million. On the other hand, next quarter’s revenue guidance of $620 million was less impressive, coming in 5.3% below analysts’ estimates. Its non-GAAP profit of $2.39 per share was 24.6% above analysts’ consensus estimates.

  • Feb 25, 2025

BofA Strategist Hartnett Warns S&P 500 Rally Draws Investor Skepticism

(Bloomberg) -- There’s growing “suspicion” among investors about the scope for more S&P 500 gains at a time when European and Chinese stocks are outperforming, according to Bank of America Corp. strategist Michael Hartnett.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesAs Visitors

  • Feb 25, 2025

Integra LifeSciences (NASDAQ:IART) Misses Q4 Revenue Estimates

Medical device company Integra LifeSciences (NASDAQ:IART) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 11.5% year on year to $442.6 million. Next quarter’s revenue guidance of $380 million underwhelmed, coming in 7.7% below analysts’ estimates. Its non-GAAP profit of $0.97 per share was 13.5% above analysts’ consensus estimates.

  • Feb 25, 2025

Logan Favors Short-Term Assets When Fed Purchases Resume

(Bloomberg) -- Federal Reserve Bank of Dallas President Lorie Logan said it would be appropriate, in the medium term, for the US central bank to purchase more shorter-term securities than longer-term ones so that its portfolio can more quickly mirror the composition of Treasury issuance. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC