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Why Nvidia's earnings are important to the entire U.S. stock market

Sales of Nvidia's artificial intelligence chip Blackwell will be top of mind when the company releases its latest financial results Wednesday, with analysts eyeing future demand amid a Chinese upstart's claim that it can train competitive AI models using far fewer resources. Wall Street expects Nvidia to report fourth-quarter adjusted earnings of 85 cents per share on revenue of $38.08 billion, according to FactSet. The company’s net income is expected to reach $19.58 billion.

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Bank of Canada’s Deposit-Rate Cut Appears to Fix Repo Market Strains

(Bloomberg) -- A Bank of Canada official said a recent change in how the central bank sets its deposit rate is working to improve the functioning of money markets, lowering borrowing costs.Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesAs Visitors Discover Ghent, the City Is Trying

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Australian regulator pushes market operator ASX on fee transparency, competition

Australia's corporate regulator said on Tuesday the country's stock market operator would be required to publish a comparison of clearing and settlement fees against foreign providers and justify any fee increases, in a bid to promote competition. The Australian Securities and Investments Commission (ASIC) said ASX, responsible for some A$5 billion ($3.2 billion) of trades a day, must ensure its clearing and settlement services were offered in a transparent and non-discriminatory way. "This is about limiting ASX's ability to misuse its monopoly power to deter new entrants," ASIC Chair Joe Longo said in a statement.

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Primoris (NYSE:PRIM) Reports Bullish Q4, Stock Soars

Infrastructure construction company Primoris (NYSE:PRIM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.9% year on year to $1.74 billion. Its non-GAAP profit of $1.13 per share was 51.2% above analysts’ consensus estimates.

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Myriad Genetics (NASDAQ:MYGN) Misses Q4 Sales Targets, Stock Drops

Genetic testing company Myriad Genetics (NASDAQ:MYGN) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 7.1% year on year to $210.6 million. The company’s full-year revenue guidance of $850 million at the midpoint came in 1.5% below analysts’ estimates. Its non-GAAP profit of $0.03 per share was in line with analysts’ consensus estimates.

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FARO (NASDAQ:FARO) Exceeds Q4 Expectations, Stock Soars

3D measurement and imaging company FARO (NASDAQ:FARO) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 5.4% year on year to $93.54 million. The company expects next quarter’s revenue to be around $81 million, close to analysts’ estimates. Its non-GAAP profit of $0.50 per share was 25% above analysts’ consensus estimates.

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