Treasury Secretary Scott Bessent recently pledged to “monetize” the U.S. government’s assets.
U.S. equities were mixed and little changed as Fed Chair Jerome Powell didn't make any significant headlines as he gave the first of his two days of testimony before Congress.
Shares of semiconductor packaging and testing company Amkor Technology (NASDAQ:AMKR) fell 11.6% in the pre-market session after the company reported weak fourth-quarter results. Its revenue fell short of Wall Street's estimates, and its revenue guidance for the next quarter missed significantly, indicating a continued slowdown. The decline was primarily driven by weakness in the automotive, industrial, and communications markets. On the other hand, Amkor blew past analysts' EPS expectations thi
Shares of semiconductor designer Lattice Semiconductor (NASDAQ:LSCC) jumped 15.8% in the pre-market session after the company reported impressive fourth-quarter results, which revealed a big improvement in inventory levels and a stronger-than-expected sales outlook for the next quarter.
Shares of water management manufacturer Watts Water (NYSE:WTS) jumped 10.2% in the morning session after the company reported strong fourth-quarter results that exceeded analysts' EPS expectations, with organic revenue slightly surpassing Wall Street's estimates. Margin expansion contributed to the earnings beat as improved pricing and productivity offset volume declines, inflation, and acquisition-related costs. The improved margins likely reassured investors, easing concerns over weak top-lin
Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) jumped 2.8% in the morning session after Reuters reported that the company is teaming up with Alibaba to launch artificial intelligence features for iPhone users in China. The update could provide much-needed clarity on the company's timeline for rolling out AI features, given worries about growing competition.
Ecolab shares jumped to be among the top S&P 500 gainers Tuesday, as the company posted a current quarter and 2025 outlook that topped analysts’ estimates amid “growth trends” in water, hygiene and infection prevention.
Cryptocurrencies are also largely unregulated and highly volatile. Consequently, insurers continue to view crypto insurance as a highly risky product.
Coinbase and Robinhood are among the stacked reporting docket this week, with their trading results likely to see an uptick thanks to a hot crypto market. How do expectations stack up?
President Donald Trump has followed through on a number of promises to the crypto industry.
