Michael Saylor says Bitcoin could fix a ‘$15 trillion' annual wealth drain
Michael Saylor believes Bitcoin is the first “properly engineered store of value” and could absorb $15 trillion annually lost to inflation and asset decay.
Vicor (NASDAQ:VICR) Reports Strong Q4
Power conversion and control solutions provider Vicor Corporation (NASDAQ:VICR) reported Q4 CY2024 results beating Wall Street’s revenue expectations, with sales up 3.8% year on year to $96.17 million. Its GAAP profit of $0.23 per share was 58.6% above analysts’ consensus estimates.
Alarm.com (NASDAQ:ALRM) Beats Q4 Sales Targets
Home security and automation software provider Alarm.com (NASDAQ:ALRM) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 7.1% year on year to $242.2 million. The company expects the full year’s revenue to be around $979.5 million, close to analysts’ estimates. Its non-GAAP profit of $0.58 per share was 8.6% above analysts’ consensus estimates.
Universal Display (NASDAQ:OLED) Q4: Beats On Revenue But Inventory Levels Increase
OLED provider Universal Display (NASDAQ:OLED) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 2.5% year on year to $162.3 million. On the other hand, the company’s full-year revenue guidance of $670 million at the midpoint came in 6.4% below analysts’ estimates. Its GAAP profit of $0.96 per share was 10.8% below analysts’ consensus estimates.
WillScot Mobile Mini (NASDAQ:WSC) Reports Q4 In Line With Expectations But Full-Year Sales Guidance Misses Expectations Significantly
Temporary space provider WillScot (NASDAQ:WSC) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.6% year on year to $602.5 million. On the other hand, the company’s full-year revenue guidance of $2.38 billion at the midpoint came in 3.3% below analysts’ estimates. Its non-GAAP profit of $0.49 per share was 4.9% above analysts’ consensus estimates.
Fed's Kugler says inflation risks remain, cites economic policy uncertainty
Kugler said she supported the Fed's decision last month to hold short-term borrowing costs in their current 4.25%-4.50% range, a level she feels exerts moderate restraint on the economy. "I see this as appropriate, given that the downward risks to employment have diminished but upside risks to inflation remain," Kugler said in remarks prepared for delivery at Georgetown University. "The potential net effect of new economic policies also remains highly uncertain and will depend on the breadth, duration, reactions to, and, importantly, specifics of the measures adopted."
While Wall Street pushes 5-day RTO, fintech Revolut is doubling down on hybrid work
According to a memo from CEO Nik Storonsky that was viewed by Fortune, Revolut is allowing its 10,000 employees a continued flexible schedule.
Floor And Decor (NYSE:FND) Posts Better-Than-Expected Sales In Q4, Stock Jumps 10.8%
Specialty flooring retailer Floor & Decor (NYSE:FND) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.7% year on year to $1.11 billion. On the other hand, the company’s full-year revenue guidance of $4.82 billion at the midpoint came in 0.8% below analysts’ estimates. Its GAAP profit of $0.44 per share was 75% above analysts’ consensus estimates.
‘Mar-a-Lago Accord’ Chatter Is Getting Wall Street’s Attention
(Bloomberg) -- It sounds too radical to even warrant a second thought. That President Donald Trump could force some of the US’s foreign creditors to swap their Treasuries into ultra long-term bonds to ease the country’s debt burden.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in DOGE CutsChicago Council Delays $
Stock market today: Dow slides 450 points, S&P 500 retreats from record as Walmart gives cautious outlook
Trump policy is in strong focus as tariffs and governmental cost cuts roll on.