Young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 9.1% year on year to $1.58 billion. On the other hand, next quarter’s revenue guidance of $1.07 billion was less impressive, coming in 0.7% below analysts’ estimates. Its GAAP profit of $3.57 per share was 0.8% below analysts’ consensus estimates.
Packaged food company Campbell's (NASDAQ:CPB) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 9.3% year on year to $2.69 billion. Its non-GAAP profit of $0.74 per share was 2.2% above analysts’ consensus estimates.
(Bloomberg) -- Kazakhstan plans to buy $1 billion of inflation-protected US Treasuries in a wager that President Donald Trump’s policies will stall progress in bringing down inflation.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Remembering the Landscape Architect Who Embraced the CityNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowUS Tent Facility is Holding Migrant Families Longer Than Recommen
Bitcoin rose earlier this week, but initial excitement from Trump’s strategic reserve plans was short-lived due to profit-taking amid the lack of concrete plans and a risk-off mood in broader equity markets.
Binance open interest drops below 100,000 BTC, lowest level in over a year.
In the waning days of 2024, as the world braced for the start of the second Trump presidency, there was a theory making the rounds that went like this: Sure, economists said his agenda could spell disaster but there’s at least one institution that would be able rein in Trump’s worst instincts — Wall Street!
Speciality vehicle provider REV (NYSE:REVG) announced better-than-expected revenue in Q4 CY2024, but sales fell by 10.4% year on year to $525.1 million. Its non-GAAP profit of $0.40 per share was 50.9% above analysts’ consensus estimates.
Germany's coalition agreed a landmark deal to exempt defense spending from its harsh debt brakes, in addition to unveiling a $535 billion infrastructure pledge.
Investors are weighing whether Donald Trump might turn to unconventional ideas to try to bring the ballooning U.S. debt under control, after the president insisted he won't cut popular health and retirement benefits. Some of Trump's advisers have espoused unorthodox ideas in recent months, including forcing foreign governments to swap Treasuries for cheaper bonds in order to reduce interest payments and selling residency cards to rich foreigners at $5 million a pop. With many officials and economists saying that U.S. debt is on an unsustainable path, investors in U.S. bonds, currency and equities markets are starting to pay more attention to these ideas.
(Bloomberg) -- Permira Holdings Ltd. is seeing opportunities for private capital at a time of higher market volatility.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Remembering the Landscape Architect Who Embraced the CityNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowUS Tent Facility is Holding Migrant Families Longer Than Recommended“When the markets are really weak, that is when the opportunit
