Healthcare technology company GE HealthCare Technologies (NASDAQ:GEHC) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 2.2% year on year to $5.32 billion. Its non-GAAP profit of $1.45 per share was 14.8% above analysts’ consensus estimates.
Musk said the action of “deleting” entire agencies is necessary to prevent future administrations from rehiring for what he believes are unnecessary roles.
Agricultural and construction machinery company Deere (NYSE:DE) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 18.9% year on year to $8.51 billion. Its GAAP profit of $3.19 per share was 1.8% below analysts’ consensus estimates.
Healthcare products company West Pharmaceutical Services (NYSE:WST) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 2.3% year on year to $748.8 million. On the other hand, the company’s full-year revenue guidance of $2.89 billion at the midpoint came in 5% below analysts’ estimates. Its non-GAAP profit of $1.82 per share was 5.3% above analysts’ consensus estimates.
Talks to end the Ukraine war have partly cut across the hot U.S. inflation report for world markets, reining in both oil prices and capping aggravated U.S. borrowing rates - while also lifting the euro and European shares. Long-flagged by U.S. President Donald Trump as a priority, Wednesday's news that he spoke with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy on talks to end the war dragged crude oil lower. With Russia still the world's third-largest oil producer, the prospect of some future lifting of sanctions on its crude exports saw U.S. oil prices fall back to $70 per barrel and close to the year's lows - down some 4% from Tuesday's close.
Honda's U.S.-listed shares are rising in premarket trading after the Japanese automaker and ailing domestic rival Nissan said they have called off merger plans announced in December.
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This could be a sign of some apprehension in the markets about Trump's prposed tariffs and their effect on the economy. According to a report from Bloomberg, top asset management firm BlackRock is looking at launching a Bitcoin ETP in Europe soon. It would be the first European crypto ETP, and it could lead to many more such ETPs.
