Real estate technology company The Real Brokerage (NASDAQ:REAX) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 93.4% year on year to $350.6 million. Its GAAP loss of $0.03 per share was $0.02 above analysts’ consensus estimates.
The Chinese tech giant unveiled its latest AI reasoning model on Thursday, saying it beats rivals from OpenAI and DeepSeek. The day before another company launched a “general AI agent” called Manus.
Morning Bid U.S. We've revamped Morning Bid U.S. to offer you more in-depth markets analysis and commentary. The European Central Bank will almost certainly deliver an interest rate cut today despite the recent surge in euro area government yields, but the central bank may be forced to pause after today as it assesses Germany's extraordinary fiscal reboot.
Off-price retail company Burlington Stores (NYSE:BURL) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 4.8% year on year to $3.28 billion. On the other hand, next quarter’s revenue guidance of $2.50 billion was less impressive, coming in 4.3% below analysts’ estimates. Its non-GAAP profit of $4.07 per share was 8% above analysts’ consensus estimates.
Wall Street's main indexes fell on Thursday, led by a decline in chip stocks as Marvell's forecast fanned worries of slowing demand for AI infrastructure, while worries about a trade war unleashed by U.S. tariffs also weighed on sentiment. Concerns about overspending and overcapacity in the U.S. AI industry, in the face of China's cheaper DeepSeek models, paused Wall Street's bull rally in January. The tech-heavy Nasdaq is now down over 9% from its record high hit in December.
NEW YORK (Reuters) -Investors are recalibrating how to play U.S. President Donald Trump's whipsawing policy changes, weighing that a so-called "Trump put" supporting stock market prices may be fading and that his administration is more keenly focused on the debt markets. Investors had bet strongly that Trump's agenda to lower taxes and usher in deregulation would support risk assets in a similar way to his first term when he frequently touted the stock market's performance. The so-called "Trump put," which refers to options, assumes that he will do whatever possible to keep the stock market happy.
Healthcare services provider BrightSpring Health Services (NASDAQ:BTSG) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 28.6% year on year to $3.05 billion. The company expects the full year’s revenue to be around $11.85 billion, close to analysts’ estimates. Its non-GAAP profit of $0.22 per share was in line with analysts’ consensus estimates.
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(Bloomberg) -- The recent rout in the S&P 500 driven by anxiety over US tariffs’ impact on the economy is finally giving one group its chance to shine.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowHow Sanctuary Cities Are Fighting Trump, AgainLow-volatility stocks are outperforming the