Commentary: Trump voters feel the economic blow of his policies
Federal layoffs, funding cuts, and tariffs are hitting across the board but especially in areas of the country that supported President Trump.
Why Is Intuit (INTU) Stock Soaring Today
Shares of tax and accounting software provider, Intuit (NASDAQ:INTU) jumped 13.6% in the morning session after the company delivered strong fourth-quarter 2024 results, beating analysts' billings forecasts as revenue climbed 17% year on year. Growth came from a 19% jump in its Global Business Solutions Group, powered by QuickBooks and Mailchimp, while Credit Karma revenue soared 36%, driven by rising demand for credit cards and personal loans. Profits grew even faster. Operating income surged 61
Axon (AXON) Stock Trades Up, Here Is Why
Shares of aerospace and defense company AXON (NASDAQ:AXON) jumped 18.3% in the morning session after the company reported strong fourth-quarter results that blew past analysts' revenue, EPS, and EBITDA expectations. This is a relief for a stock that saw drastic recent declines as Wall Street firm Northcoast Research reported that Axon had lost an important partnership and that this former partner could turn into a competitor. As for the quarter, revenue surged 33%, marking Axon's third consecuti
EMCOR (EME) Stock Trades Up, Here Is Why
Shares of specialty construction contractor company EMCOR (NYSE:EME) jumped 8.7% in the morning session after the company posted solid Q4 results, with full-year revenue guidance that significantly exceeded analysts' expectations. EPS also outperformed expectations, driven by higher operating income and improved margins. However, quarterly sales came in just shy of estimates. Overall, it was a strong quarter, with broad strength across key markets helping to balance out some segment-specific wea
Why Is Janus (JBI) Stock Rocketing Higher Today
Shares of self-storage and building solutions company Janus (NYSE:JBI) jumped 18% in the pre-market session after the company reported strong fourth quarter results which blew past analysts' revenue, EBITDA, and EPS expectations. Looking ahead, full-year revenue and EBITDA guidance also beat Wall Street's estimates. Overall, this was a strong quarter.
Bitcoin's downward spiral gets worse as the Trump-led crypto party is over
Bitcoin continued its downward trend on Wednesday, signaling that the Trump-driven crypto surge may have run its course. The leading crypto is 20% down from its all-time high that was reached just a month ago during Donald Trump’s inauguration. Currently, it is hovering around $86,000, down nearly 10% over the past week.
Why Couchbase (BASE) Stock Is Trading Up Today
Shares of database as a service company Couchbase (NASDAQ: BASE) jumped 13.7% in the afternoon session after the company reported strong fourth-quarter 2024 results that beat analysts' revenue expectations, with sales up 10% year-on-year. However, revenue guidance for fiscal 2026 suggests a significant slowdown, with projected full-year revenue growth decelerating compared to the 16.8% increase in fiscal 2025. Non-GAAP operating loss narrowed significantly to near breakeven, helped by improved
Why Is Astec (ASTE) Stock Soaring Today
Shares of construction equipment company Astec (NASDAQ:ASTE) jumped 18.4% in the afternoon session after the company reported strong fourth-quarter 2024 results, with EPS and EBITDA significantly surpassing analysts' expectations. However, revenue fell well short of estimates, as weakness in the Materials Solutions segment offset strong growth in Infrastructure Solutions. Looking ahead, backlog declined 26.4% year-on-year, indicating potential challenges in sustaining recent growth. Overall, th
FTAI Aviation (FTAI) Stock Trades Up, Here Is Why
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 7.8% in the afternoon session after the company announced its Strategic Capital Initiative (SCI), initially announced late 2024, locked in a $2.5 billion asset-level debt financing deal. The funding comes from ATLAS SP Partners, backed by Apollo funds, along with Deutsche Bank AG's New York branch. With this financing, SCI plans to invest over $4 billion in on-lease 737NG and A320ceo aircraft. The market is excited about the c
Fed’s Bostic Says Rates Need to Remain in Restrictive Territory
(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said the US central bank should hold interest rates where they are, at a level that continues to put downward pressure on inflation.Most Read from BloombergThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNew York’s Congestion Pricing Plan Faces Another Legal ShowdownNYC to Shut Migrant