Casino resort and entertainment company Red Rock Resorts (NASDAQ:RRR) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.1% year on year to $495.7 million. Its GAAP profit of $0.76 per share was 58.7% above analysts’ consensus estimates.
Kimbal Musk last week sold 75,000 Tesla shares, or almost 5% of his stake in his brother's electric vehicle company, a filing shows.
Shares of e-commerce software platform Shopify (NYSE:SHOP) jumped 4.1% in the afternoon session after the company reported impressive fourth-quarter results that exceeded analysts' gross merchandise volume expectations, leading to a solid sales beat. The improved top-line growth was driven by growth with existing customers and their businesses, better payment monetization, and strength in Europe. The result reflected the growing adoption of products like Shopify Pay and Shopify Plus, which can a
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(Reuters) -Commonwealth Bank of Australia,, the country's biggest lender, said on Wednesday first-half profit rose slightly as an improving economy enabled it to slash loan impairment charges, sending its shares to a record high. Income tax cuts that took effect last July and rising wages have increased the amount people can save and spend, CBA said, adding that loan hardship cases had declined 15% from June to December and most borrowers were still ahead on repayments. "We expect Australia will follow offshore economies with an easing cycle starting in 2025", said CEO Matt Comyn.
America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the Consumer Financial Protection Bureau, tariffs and Elon Musk’s Department of Government Efficiency.
Intel shares surged Tuesday after Vice President JD Vance said the Trump administration wants artificial intelligence chips manufactured domestically.
The Federal Reserve's job is to control inflation, but has little ability to influence one of its biggest drivers, Fed Chair Jerome Powell noted at a congressional hearing Tuesday.
Federal Reserve Bank of New York President John Williams said Tuesday the current level of short-term interest rates should help get inflation back to the central bank's 2% target, in comments that offered no guidance about the prospect for more rate cuts. “Monetary policy is well positioned to achieve maximum employment and price stability," Williams said in the text of remarks to be delivered before a gathering at Pace University in New York City. "The modestly restrictive stance of policy should support the return to 2 percent inflation while sustaining solid economic growth and labor market conditions,” he said, adding "it’s important to note that the economic outlook remains highly uncertain, particularly around potential fiscal, trade, immigration, and regulatory policies,” the official said.
