Levi’s braces for effects of economic uncertainty on consumers
The denim brand shrugged off tariffs thanks to its diverse sourcing, but warned its outlook could sour if inflation and other pressures worsen.
Smaller economies' medium term default risk could have risen
Some of the world's smallest economies, especially in Africa, could be at increased risk of being unable to pay their debts in the medium term, even as developing nations have emerged from a series of sovereign defaults, financial adviser Lazard said. Investors do not expect more sovereign defaults in 2025, but credit metrics for smaller and riskier countries, known as frontier markets, point to a structural weakening, especially for governments in Africa, Thomas Lambert, of Lazard's sovereign advisory team, said. Markets expect it to be steady until June as Donald Trump's second administration has left the policy backdrop extremely uncertain.
Malibu Boats (NASDAQ:MBUU) Surprises With Strong Q4
Recreational boats manufacturer Malibu Boats (NASDAQ:MBUU) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 5.1% year on year to $200.3 million. Its non-GAAP profit of $0.31 per share was 73.6% above analysts’ consensus estimates.
Strategic Bitcoin Reserve Proposal in Illinois Includes 5-Year HODL Strategy
Illinois has taken a significant step towards integrating crypto into its financial framework with the introduction of House Bill 1844 (HB1844).
World’s Largest Sovereign Wealth Fund Has Indirect Bitcoin Exposure of More Than $355M
Norway’s sovereign wealth fund saw a 153% year-over-year increase in indirect bitcoin exposure in 2024, according to K33 Research.
OneWater (NASDAQ:ONEW) Reports Strong Q4, Stock Jumps 11.6%
Boat and marine products retailer OneWater Marine (NASDAQ:ONEW) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.2% year on year to $375.8 million. On the other hand, the company’s full-year revenue guidance of $1.78 billion at the midpoint came in 1.7% below analysts’ estimates. Its non-GAAP loss of $0.54 per share was 36% above analysts’ consensus estimates.
ServiceNow Stock Plunges on Slowing Subscription Revenue Growth Forecast
Shares of ServiceNow are tanking 9% in premarket trading Thursday, as the software and IT services provider posted slower subscription revenue growth than it had forecast earlier and projected a slight decline in first-quarter growth.
Former head of Atlanta Fed tells CFOs he would prepare ‘budget A’ and ‘budget B’ amid Trump uncertainty
It will be a difficult year for scenario planning, says Dennis Lockhart.
Comcast (NASDAQ:CMCSA) Surprises With Q4 Sales
Telecommunications and media company Comcast (NASDAQ:CMCSA) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 2.1% year on year to $31.92 billion. Its non-GAAP profit of $0.96 per share was 11.4% above analysts’ consensus estimates.
Allegro MicroSystems’s (NASDAQ:ALGM) Q4 Sales Top Estimates But Stock Drops
Chip designer Allegro MicroSystems (NASDAQ:ALGM) announced better-than-expected revenue in Q4 CY2024, but sales fell by 30.2% year on year to $177.9 million. Guidance for next quarter’s revenue was better than expected at $185 million at the midpoint, 0.7% above analysts’ estimates. Its GAAP loss of $0.04 per share was in line with analysts’ consensus estimates.