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Archive: 2025-02-20 (394) - Page 1/8 (50)

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The Trump Administration's Foreign Aid Freeze

A U.S. District Judge has ordered the Trump administration to lift its freeze on nearly all foreign aid, though President Donald Trump stopped short of holding officials in contempt of court for defying the earlier order. The administration had argued that it was complying with the order by leaving room for contracts to be reviewed one by one. The ongoing humanitarian crisis resulting from the aid freeze has thrown global relief efforts into chaos.

Stock market today: A slide for Walmart pulls Wall Street from its record, and Dow drops 450

The stock market experienced a sharp downturn on Thursday, with the S&P 500 slipping 0.4% and the Dow Jones Industrial Average losing 450 points. The decline was largely driven by Walmart's 6.5% drop, despite reporting stronger profit for the latest quarter than analysts expected. The Bentonville-based retailer's forecasted growth in revenue for the upcoming year fell short of analyst expectations, pulling stocks lower across the retail industry.

Downsizing the IRS: A Bleak Future for Taxpayers?

The U.S. Internal Revenue Service (IRS) is eliminating roughly 6% of its workforce, a move part of President Donald Trump's sweeping downsizing effort aimed at shrinking government. The agency had expanded under Trump's predecessor Biden, increasing employment to over 100,000, but now faces significant cuts as the tax-filing season approaches. These layoffs will have far-reaching implications for taxpayers and the country's social safety net.

Meta reduces stock options for staff despite trading at record highs

Meta Platforms has cut back on its yearly distribution of stock options by about 10% for tens of thousands of employees, a move that stands in contrast to the company's impressive trading performance at record highs this month. This reduction may indicate a shift in management's priorities or an effort to reallocate resources within the organization. Despite the benefits of increased equity for employees, the cutback could have implications for morale and motivation.

Meta's Stock Options Cut Amid Record Highs

Meta Platforms has reduced its yearly distribution of stock options by about 10% for tens of thousands of employees, despite the company trading at record highs this month. Employees receive equity refreshers every year that make up the majority of their remuneration, alongside base salaries and annual bonuses. The exact reduction will depend on where the employees are based and their level within the organization.

Microsoft Corporation (MSFT) Unveils AI-Powered ‘Muse’ for Game Development with Ninja Theory

Microsoft Corporation has recently unveiled its latest artificial intelligence-powered tool, "Muse," designed to enhance game development, in collaboration with the renowned game development studio Ninja Theory. The company's move into the gaming industry underscores its growing presence in the field of artificial intelligence and machine learning. With Muse, Microsoft aims to provide developers with a more intuitive and creative way to build immersive experiences.

NVIDIA Corporation (NVDA) Maintains ‘Buy’ Rating from Baird Amid AI Growth and GB200 Acceleration

NVIDIA Corporation (NASDAQ:NVDA) has maintained its 'Buy' rating from Baird amidst growing concerns about the company's ability to meet production goals for its A350 jetliner. NVIDIA's market capitalization is expected to remain significant as users continue to adopt artificial intelligence tools at an unprecedented pace, driven by the increasing demand for AI-powered hardware solutions. The company's strong position in the AI market, combined with its recent achievements, has solidified investor confidence.

Key Metrics Tell Us About Nu (NU) Q4 Earnings

While the top- and bottom-line numbers for Nu (NU) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street expectations. Nu's active customer base has seen a significant decline from 108.16 million to 94.9 million, which may indicate a shift in market dynamics. The company's revenue-fee and commission income has also taken a hit, with a decrease from $504.17 million estimated by analysts to $495.60 million.

The New Apple A18’s 4-Core GPU May Be Better Than You Might Think

Apple's new budget-friendly iPhone 16e may have a surprisingly efficient 4-core GPU, thanks to its reduced power consumption and improved temperature headroom. While losing one core may seem like a disadvantage, it could actually lead to better performance and longer battery life. The A18 SoC's optimized design may close the gap between the new iPhone and standard models in terms of performance.

Elon Musk gets big cheers — and a chainsaw — at CPAC

Musk received widespread praise from other speakers at the Conservative Political Action Conference, with former Trump aide Ric Grenell hailing him as a "savior" of his money. Musk appeared on stage in a gold chain, black MAGA hat and sunglasses, boasting about taking on the federal bureaucracy and dismissing Democratic opposition as fake. The crowd gave Musk a standing ovation, marking a critical moment for the billionaire who previously voted for Democrats.

Identifying Victims of Hamas-Hamas Conflict

The Israeli military has identified two hostages among the bodies recently released by Hamas, but not their mother's body. Two children, infant Kfir Bibas and his 4-year-old brother Ariel Bibas, have been confirmed as deceased, while a third body remains unidentified despite being handed over under a ceasefire agreement. The families of the hostages are awaiting news about their loved ones.

How Nu Holdings Ltd.'s Q4 Earnings Surprise Could Shape Its Future

Nu Holdings Ltd. (NU) delivered a strong earnings surprise of 9.26% in its latest quarterly report, beating consensus estimates despite missing revenue projections by 9.26%. The company's earnings per share exceeded expectations, and while the stock has added significant value year-to-date, investors are left wondering what's next for this surprise performer. With the current consensus EPS estimate indicating a stable outlook for Nu, it remains to be seen how management's commentary on the earnings call will influence investor sentiment.

Rivian posts $170 million 'gross profit' in Q4, sees losses decreasing as variable costs improve

Rivian reported strong fourth quarter results after the bell on Thursday and came through on its goal of posting a "gross profit" for the quarter, with a smaller-than-expected full-year 2024 EBITDA loss to boot. The company also sees a smaller loss in 2025 compared to a year ago. Rivian's focus on cost efficiency has been crucial in achieving these positive results.

Among Us 3D is Coming to PC This Year

The developer of the popular video game Among Us has announced that a 3D version will be released for PC this year. Based on the VR version which provides a first-person perspective, the game will also support crossplay between PC and VR players. If you have always wanted to play the VR version of Among Us because of its first person perspective but don't own a compatible VR device, then you are in luck.

Palantir Technologies Inc. (PLTR) Initiated as ‘Buy’ by Loop Capital with $141 Target, Citing AI Growth

Palantir Technologies Inc. is gaining traction in the AI space, with its stock price experiencing significant growth due to Loop Capital's "Buy" initiation and a target price of $141 per share. This upward trend suggests that investors are optimistic about the company's ability to harness the power of artificial intelligence to drive growth and innovation. As the adoption of AI technologies continues to accelerate across various industries, Palantir is well-positioned to capitalize on this trend.

Canada-US 4 Nations finals game: Hockey revenge rematch reflects US-Canada ties on thin ice

The highly anticipated final match of the 4 Nations Face Off between Canada and the US was more than just a hockey game, but a symbol of national pride and sovereignty in the face of a tense political backdrop. The two countries' long-standing rivalry on the ice has been reignited by Trump's persistent musings about annexing Canada. As the final match played out in Boston, fans across North America were witnessing a clash of titans that went beyond just hockey.

The Trump Administration's Mass Firings of Federal Employees

The Trump administration can continue its mass firings of federal employees for now, a federal judge ruled on Thursday, rejecting a bid by a group of labor unions to halt President Donald Trump’s dramatic downsizing of the roughly 2.3 million-strong federal workforce. U.S. District Judge Christopher Cooper in Washington, D.C., said Trump's onslaught of executive actions have caused "disruption and even chaos in widespread quarters of American society." The unions are instead likely required to file complaints with the Federal Labor Relations Authority, which hears disputes between federal agencies and unions that represent their workers.

Celsius Holdings Inc. (CELH) Q4 Earnings and Revenues Top Estimates

Celsius Holdings Inc. (CELH) delivered earnings and revenue surprises of 27.27% and 1.88%, respectively, for the quarter ended December 2024. The company's quarterly report represents an earnings surprise of 27.27%, with adjusted earnings per share exceeding analyst expectations. This performance marks a significant shift in the stock's trajectory, following its underperformance compared to the broader market at the beginning of the year.

Celsius Pops on Alani Nu Acquisition

Celsius Holdings' fourth-quarter financial report was met with surprise from investors, given recent performance trends, but ultimately delivered better-than-expected results. The company's acquisition of energy drink rival Alani Nu for $1.8 billion is expected to boost revenue by more than 40% and drive pro forma profitability nearly 60%. Celsius is optimistic about the deal's potential to create a comprehensive health and wellness lifestyle brand.

AMD Ryzen AI 7 350 Krackan Point APU Cinebench R23 and Cinebench 2024 scores leak online

The benchmarking of AMD's top-spec Krackan Point CPU, the Ryzen AI 7 350, has provided insight into its performance capabilities. The chip's single-core score in Cinebench R23 surpasses its Strix Point equivalent, while its multicore score is nearly identical to that of the Ryzen AI 7 Pro 360. However, when compared to the Hawk Point-based Ryzen 7 8845HS, the Krackan Point CPU falls short in both single and multicore tests.

Amazon Surpasses Walmart on Revenue for First Time Ever

Amazon has beaten Walmart by quarterly revenue for the first time in its history, according to the company's earnings report. The online retailer brought in $187.8 billion in revenue during the fourth quarter, surpassing Walmart's sales of $180.5 billion. However, Amazon's lead may be short-lived, as analysts predict it will post full-year sales of $700.8 billion, while Walmart is projected to bring in $708.7 billion.

Musk says he is thinking of auditing the Fed

Holding the Federal Reserve accountable through an audit could provide much-needed transparency and help prevent potential mismanagement of monetary policy, which has significant implications for the stability of the global financial system. A thorough examination of the Fed's actions and decisions would enable lawmakers to make informed decisions about the central bank's role in shaping the economy. Musk's proposal underscores the growing debate over the need for greater oversight of the Fed.

Wooting Introduces New Hall-Effect Keyboard Switches with Reduced Wobble

Wooting has expanded its lineup of Hall-effect gaming keyboards by adding three new switch options, including exclusive versions of TTC KOM switches that boast nearly zero stem wobble. The addition of these new switches aims to enhance the typing experience for enthusiasts who value precision and stability. By incorporating feedback from the community, Wooting has further refined its offerings to cater to a broader range of preferences.

Booking (NASDAQ:BKNG) Delivers Impressive Q4

Booking Holdings (NASDAQ:BKNG) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.4% year on year to $5.47 billion. Its non-GAAP profit of $41.55 per share was 15.1% above analysts’ consensus estimates. Revenue growth is a testament to the company's ability to adapt and innovate in the rapidly changing travel industry.

Ukraine must strike minerals deal, says Trump adviser Mike Waltz

The Ukrainian President Volodymyr Zelensky needs to return to the negotiating table and strike a deal on US access to Ukraine's critical minerals, White House national security adviser Mike Waltz has said. The deal would be an "incredible" opportunity for Ukraine, providing a sustainable security guarantee. However, Zelensky had refused the offer, citing that he couldn't sell his country.

Neera Tanden is returning to the Center for American Progress as a Leader in Liberal Policy

Neera Tanden is reprising her role at the helm of the Center for American Progress, one of the Democratic Party’s most influential think tanks, as the party looks to regain its footing with voters and counter President Donald Trump. It’s a homecoming for Tanden, who was named president and chief executive of CAP Thursday, resuming roles she held before serving in then-President Joe Biden’s administration. Tanden’s return comes at an inflection point for the party, which has struggled to carve a lane after the 2024 presidential elections.

Helicopter airlifts horse to safety from steep embankment.

The dramatic rescue of Deuce, a horse that had slipped down a slope in California, highlights the innovative ways firefighters use helicopters to save animals in distress. The rescue operation showcases the bravery and quick thinking of the firefighters who risked their lives to help the exhausted horse regain his footing. This remarkable feat demonstrates the importance of emergency preparedness and specialized equipment in animal rescue situations.

Newmont Corporation (NEM) Beats Q4 Earnings and Revenue Estimates

Newmont Corporation has delivered a strong quarterly earnings report, with earnings per share increasing by 47.37% and revenue surging by 15.80%. This performance reflects the company's ability to navigate the challenges of the mining industry and capitalize on growth opportunities. The results also indicate that Newmont is well-positioned for long-term success.

Ryan Cohen's Stake in Alibaba Reaches $1 Billion, WSJ Reports

Billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba Group to roughly $1 billion in recent months, the Wall Street Journal reported on Thursday, citing people familiar with the matter. This significant boost represents about 7 million shares, which gives Cohen a substantial influence over the company's direction. The move comes as Chinese tech stocks have been experiencing a resurgence, driven by factors such as emerging domestic artificial intelligence startup DeepSeek and a meeting between Chinese President Xi Jinping and business leaders in the sector.

The Future of Earnings Estimates: Unpacking Innodata's Surprise Performance

Innodata Inc. (INOD) delivered earnings and revenue surprises of 40.91% and 11.41%, respectively, for the quarter ended December 2024, beating consensus estimates and surpassing previous expectations. The company's strong quarterly performance is a testament to its ability to adapt to changing market conditions and capitalize on new opportunities. As investors look ahead to future earnings releases, it is essential to consider how estimate revisions trends can influence stock movements.

Global Market Turmoil as Trump Traders Weigh In

Global equity markets fell while gold prices surged on Thursday, with traders marking one month since U.S. President Donald Trump's returned to the White House and five years since COVID-19 first rocked world markets. Gold was nearing $3,000 per ounce on concerns Trump will unleash a global trade war, bullion notched its tenth record high this year, partly fueled by safe-haven demand amid the tariff threats. The dollar was subdued against major currencies while the yen stomped higher on bets of more Bank of Japan interest rate hikes.

RTX 4070-powered Dell G16 with Core i9 and 240Hz QHD display is 39% off again

The Dell G16 7630 is a popular enthusiast-grade gaming laptop offering a good bang for the buck due to its decent IPS panel, RTX 4070, and Core i9-13900HX. Similar to the Asus ROG Zephyrus G14, which has recently been put on sale, the Dell G16 will provide shoppers with a better price-performance ratio than upcoming Blackwell-equipped gaming laptops. This 16-inch gaming laptop was originally priced at $1,899 but has now returned to a more enticing $1,299 including free shipping.

The Changing Dynamics of US-Ukraine Relations

US President Donald Trump and Ukrainian President Volodymyr Zelensky's relationship has evolved significantly over time, marked by periods of cordiality and tension. Initially, the two leaders maintained a positive rapport, with Trump congratulating Zelensky on his election victory and expressing admiration for Ukraine's resilience in the face of Russian aggression. However, as Trump's administration began to take shape, their relationship became increasingly strained due to disputes over policy priorities, particularly regarding Russia and Ukraine.

Behind-the-Scenes Talks on Ukraine War Highlight Diplomatic Efforts

Talks described as 'Track Two' conversations Many details unclear including if Ukrainians joined Geneva meeting coincided with Munich security gathering. The previously undisclosed meetings highlight behind-the-scenes U.S. and Russian efforts to explore ways of ending the Ukraine war despite a near-freeze on official contact under Trump's predecessor, former President Joe Biden. The nature of these unofficial discussions remains shrouded in mystery, underscoring the complexities of diplomatic communication in times of conflict.

Trump administration cuts duration of deportation protections for 521,000 Haitians

The Trump administration's decision to cut the duration of deportation protections and work permits for 521,000 Haitians will likely have severe consequences on the lives of those affected, exacerbating existing vulnerabilities in the immigration system. The reversal of a Biden-era extension is a stark reminder of the ongoing challenges faced by migrant communities, who often rely on temporary protection programs to stay in the country. This move sets a worrying precedent for other Temporary Protected Status (TPS) holders, potentially leading to widespread instability and insecurity.

Spanish ex-soccer boss Rubiales sentenced to pay fine over kiss without consent

Rubiales guilty of assault, acquitted of charge of coercion; Spanish High Court finds former soccer federation head Luis Rubiales guilty of sexual assault for kissing player Jenni Hermoso without her consent and fines him over 10,000 euros ($10,434) in a case which gave momentum to "Me Too" movement in the country. The court's decision is seen as a significant step forward in defending women's rights in Spanish society. Rubiales' conviction for sexual assault, but not coercion, has sparked debate on the severity of his punishment and its implications for victims of similar incidents.

‘Mar-a-Lago Accord’ Chatter Is Getting Wall Street’s Attention

The idea of forcing foreign creditors to swap their Treasuries into ultra long-term bonds is being seriously discussed among market experts and policymakers, sparking concerns about the potential for dramatic changes in the global financial system. Trump's agenda, including tariffs, weakening the dollar, and creating a sovereign wealth fund, could have far-reaching implications for international trade and finance. The concept of the "Mar-a-Lago Accord" has raised eyebrows, but Bianco argues that it's a plan to remake some of the financial system, rather than an actual accord.

Morning Bid: Caution prevails amid jitters over tariffs and stagflation

Caution is prevailing in Asian markets as investors weigh the impact of US President Donald Trump's trade policies on global growth, with concerns about stagflation mounting despite a recent retreat from record highs. The Dow Jones Industrial Average remains under pressure due to the ongoing tariff threat, while Walmart's latest sales and profit outlook has also dampened investor sentiment. As economic uncertainty persists, markets are likely to remain in a risk-averse mode.

Stock Market Slump: Dow Falls 450 Points as Trump Policy Uncertainty Weighs

The US stock market pulled back on Thursday as investors scrutinized Walmart's cautious outlook and assessed the impact of President Trump's planned tariffs and policy shifts, leading to a 1% decline in the Dow Jones Industrial Average. The S&P 500 also retreated, losing 0.5%, its second record close in a row, while the Nasdaq Composite fell about 0.5%. Walmart's decline combined with drops in Goldman Sachs and JPMorgan weighed on the Dow.

Celsius (NASDAQ:CELH) Exceeds Q4 Expectations, Stock Jumps 23.8%

Celsius reported Q4 CY2024 results exceeding market's revenue expectations, with sales falling by 4.4% year on year to $332.2 million and non-GAAP profit of $0.14 per share, 44.2% above analysts' consensus estimates. Despite the decline in sales, Celsius's proprietary MetaPlus formula-based energy drinks featuring natural ingredients for fitness and weight management have shown strong demand. The company's revenue growth has been remarkable, with a 62.8% annualized growth over the last three years.

USDA suspends scholarship program at historically Black colleges, website shows

The U.S. Department of Agriculture has suspended a college scholarship program for students from rural and underserved backgrounds who attend historically Black colleges and universities (HBCUs), according to the program website. The 1890 scholars program aims to increase the number of agriculture students at these 19 historically Black land-grant universities, which are federally funded and tend to have significant agricultural programs. The suspension of this program is part of a broader effort by the Trump administration to rescind federal diversity and inclusion efforts.

Pfizer stops commercialization of hemophilia gene therapy Beqvez

Pfizer has decided to stop global development and commercialization of its hemophilia gene therapy, Beqvez, due to soft demand from patients and their doctors. This decision was made after limited interest in gene therapies for the bleeding disorder, which is attributed to high costs, logistical issues, and potential treatment advances holding back adoption. The company will instead redirect resources towards Hympavzi, an injectable drug approved earlier this year.

Chances of Sony Xperia 1 VII launch at MWC 2025 virtually nil

The likelihood of a Sony Xperia 1 VII launch at MWC 2025 is extremely low due to the company's consistent absence from the event in recent years. This trend suggests that Sony Mobile has opted for a more discreet approach to product launches, focusing on online announcements and events instead. As a result, fans may need to wait for a teaser video or announcement around May time.

Nubia's RedMagic 10 Pro Golden Saga Edition with gold internals gets a global release

The RedMagic 10 Pro Golden Saga Edition is a luxurious take on Nubia's latest gaming smartphone, featuring premium materials such as sapphire glass and gold-plated internals. This limited edition variant will be available in select regions, including the US and Europe, but at a steep price of $1,499. The phone's design and specifications are largely similar to its standard counterparts.

US agency staff told not to speak with Congress, lawmaker says

Staff at the U.S. farm, environment and interior agencies have been instructed by the Trump administration not to speak with the U.S. Congress, causing a disruption in communication that has strayed from longstanding relationships between agency staff and lawmakers. This move reflects the broader tensions surrounding executive power and accountability within the federal government. The action is particularly concerning given the chaotic manner in which thousands of federal workers were fired across the three agencies.

This useful Apple Intelligence camera feature is coming to iPhone 15 Pro - here's how it works

iPhone owners will be able to tap into the capabilities of Apple's Visual Intelligence skill on their iPhone 15 Pro, allowing them to capture detailed information about objects through the camera. The Action button and Control Center option will enable users to access this feature, which is currently only available on iPhone 16 models. As iOS 18.4 expands the skill beyond its current limitations, users can expect a more seamless and intuitive experience.

Wall St ends lower as weak Walmart guidance prompts consumer demand worries

U.S. stocks sold off on Thursday as ongoing tariff jitters and a downbeat forecast from Walmart dampened investor risk appetite, leading to a broader selloff across the market. The Dow's decline was exacerbated by concerns about the health of the consumer and potential consumer spending going forward, which raised nervousness about the U.S. economy's trajectory. As consumers drive 70% of the U.S. economy, Walmart's weak guidance highlighted the need for investors to reassess their expectations around consumer demand.

Rising Inflation Concerns Undermine Fed's Optimism

Musalem warns of the risks inflation could remain highMusalem needs confidence inflation waning to support more rate cutsThe St. Louis Federal Reserve President's remarks highlight the potential for inflation expectations to rise, forcing the Fed onto a more restrictive path, and raise questions about the balance between employment and inflation goals.

Monster Train's Big Discount: A Game for the Ages?

A top-rated roguelite deckbuilder with over 18,000 "Overwhelmingly Positive" reviews just hit its biggest-ever discount—90% off on Steam. Now just $2.49, but only for a limited time. Some games come and go, but others carve out a lasting spot in the genre. Monster Train is one of those titles—an addictive deckbuilding roguelite that has managed to remain a favorite among strategy fans since its 2020 release.

Improving Your iPhone's Battery Life with 11 Simple Tweaks

If your iPhone struggles to last a full day on one charge, tweak these settings to boost its battery life. Many apps, features, and settings vying for battery life make iPhones power-hungry, even the more affordable models have battery issues. Fortunately, there are ways to optimize your iPhone's battery life without losing out on favorite features.