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  • Jan 29, 2025

Morning Bid: Tech, hawkish Fed pressure stocks before megacap earnings parade

Sagging tech stocks weighed on US indexes, as Wall Street rethinks AI leadership after the arrival of DeepSeek, a Chinese disruptor claiming big results at a smaller cost. With many Asian markets still closed for the Lunar New Year, Japan's Nikkei 225 will carry the baton after pretty much cueing off Wall Street's ups and downs all week. The S&P 500 and Nasdaq briefly extended losses after the Federal Open Market Committee closed out its two-day policy meeting with hawkish hold that left markets thinking rates might not come down again for a while, if at all.

  • Jan 29, 2025

Stocks Fall on Fed Day as Tech Mixed in Late Hours: Markets Wrap

(Bloomberg) -- Stocks slipped and short-dated bond yields rose, though both pared bigger moves as early concern that the Federal Reserve was growing more worried about inflation got tamped down by Chair Jerome Powell.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged Wi

  • Jan 29, 2025

Trump Says Fed Has Done ‘Terrible Job’ on Banking Regulation

(Bloomberg) -- President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on interest rates. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA

  • Jan 29, 2025

Here's what the federal government does for you

As pandemonium descended Tuesday after the Trump administration directed a freeze on federal funding, the chaos drove home a salient point: The federal government does a lot for you.

  • Jan 29, 2025

Teradyne’s (NASDAQ:TER) Q4 Sales Top Estimates

Semiconductor testing company Teradyne (NASDAQ:TER) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 12.3% year on year to $752.9 million. Its non-GAAP profit of $0.95 per share was 4.5% above analysts’ consensus estimates.

  • Jan 29, 2025

Landstar (NASDAQ:LSTR) Surprises With Q4 Sales

Freight delivery company Landstar (NASDAQ:LSTR) reported Q4 CY2024 results topping the market’s revenue expectations, but sales were flat year on year at $1.21 billion. Its GAAP profit of $1.31 per share was 2.5% below analysts’ consensus estimates.

  • Jan 29, 2025

Lutnick Says Trump Tariffs Will Restore US Economy, Respect

(Bloomberg) -- Howard Lutnick, President Donald Trump’s nominee to lead the Commerce Department, offered a detailed defense of tariffs in his confirmation hearing, the clearest signal yet from a cabinet pick that the new administration is prepared to impose the levies on allies and adversaries alike.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze Mem

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