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  • Feb 11, 2025

US inflation worsened last month with prices for groceries and gasoline heading higher

U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve's resolve to delay further interest rate cuts. The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. The figures show that inflation has remained stubbornly above the Fed's 2% target for roughly the past six months, after it fell steadily for about a year and a half.

  • Feb 11, 2025

Australia Is ‘Killing’ US Aluminum Market, Trump Adviser Says

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperAustralia is “killing” the US aluminum market, a senior trade adviser to President Donald Tr

  • Feb 11, 2025

China Quants Rebound on Stocks Rally as Investors Woo New Stars

(Bloomberg) -- Chinese quantitative hedge funds saw a strong rebound in the final quarter of 2024, saving the industry from an otherwise bruising year marked by record drawdowns and regulatory clampdown.Most Read from BloombergSaudi Arabia’s Neom Signs $5 Billion Deal for AI Data CenterNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Do

  • Feb 11, 2025

BlackLine (NASDAQ:BL) Surprises With Q4 Sales But Stock Drops 13.6%

Accounting automation software maker Blackline (NASDAQ:BL) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 8.8% year on year to $169.5 million. On the other hand, next quarter’s revenue guidance of $167 million was less impressive, coming in 2.1% below analysts’ estimates. Its non-GAAP profit of $0.47 per share was 6.4% below analysts’ consensus estimates.

  • Feb 11, 2025

Monarch (NASDAQ:MCRI) Reports Strong Q4

Luxury casino and resort operator Monarch (NASDAQ:MCRI) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 4.9% year on year to $134.5 million. Its GAAP profit of $1.36 per share was 19.4% above analysts’ consensus estimates.

  • Feb 11, 2025

Allison Transmission (NYSE:ALSN) Beats Q4 Sales Targets But Stock Drops

Transmission provider Allison Transmission (NYSE:ALSN) announced better-than-expected revenue in Q4 CY2024, with sales up 2.7% year on year to $796 million. On the other hand, the company’s full-year revenue guidance of $3.25 billion at the midpoint came in 3.7% below analysts’ estimates. Its GAAP profit of $2.01 per share was 5.4% above analysts’ consensus estimates.

  • Feb 11, 2025

Mirion (NYSE:MIR) Delivers Strong Q4 Numbers, Stock Soars

Radiation technology company Mirion (NYSE:MIR) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 10.4% year on year to $254.3 million. Its non-GAAP profit of $0.17 per share was 15.1% above analysts’ consensus estimates.

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