Zillow’s 2025 forecast of the hottest markets in the U.S. found that while housing prices in these markets remain affordable, supply is tight, making for stiff competition.
First off, nobody knows what to make of President Donald Trump's sudden suggestion that the United States take over the Gaza strip and turn it into the Riviera of the Middle East - once the Palestinians are resettled elsewhere, of course. It's not clear if this was a serious proposal, given it sounds eerily reminiscent of an idea floated last year by Trump's son-in-law Jared Kushner that Gaza's waterfront property could be very valuable and Israel should remove civilians while the strip was cleaned up. Markets have seemingly taken it with a pinch of salt and there's been no obvious reaction in oil prices.
(Bloomberg) -- A deepening slowdown in corporate earnings is fueling fresh concern over India’s $4.1 trillion stock market, and threatening to undermine Prime Minister Narendra Modi’s latest efforts to revive growth.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWh
The S&P 500 will trade in a range that implies the index dropping as much as 8% or rising a little over 1% in the coming months, Morgan Stanley said.
Betting markets got attention in 2024 for accurately predicting Trump's election win. Now bettors are predicting the path of inflation and trade policy.
Global electronics contract manufacturer Kimball Electronics (NYSE:KE) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 15.2% year on year to $357.4 million. The company’s full-year revenue guidance of $1.42 billion at the midpoint came in 4.4% below analysts’ estimates. Its non-GAAP profit of $0.29 per share was 28.9% above analysts’ consensus estimates.
Outerwear manufacturer Columbia Sportswear (NASDAQ:COLM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.5% year on year to $1.10 billion. On the other hand, next quarter’s revenue guidance of $756.5 million was less impressive, coming in 5.3% below analysts’ estimates. Its GAAP profit of $1.80 per share was 7.3% below analysts’ consensus estimates.
Toy manufacturing and entertainment company (NASDAQ:MAT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 1.6% year on year to $1.65 billion. Its non-GAAP profit of $0.35 per share was 73.9% above analysts’ consensus estimates.
Aerospace and defense company Mercury Systems (NASDAQ:MRCY) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 13% year on year to $223.1 million. On top of that, next quarter’s revenue guidance ($223.1 million at the midpoint) was surprisingly good and 5.3% above what analysts were expecting. Its non-GAAP profit of $0.07 per share was significantly above analysts’ consensus estimates.
Google parent Alphabet reported fourth-quarter earnings that topped analysts' estimates, but its cloud revenue came in short, sending shares lower in extended trading Tuesday.