Workforce housing company Target Hospitality (NASDAQ:TH) beat Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 33.7% year on year to $83.69 million. The company’s full-year revenue guidance of $275 million at the midpoint came in 3.5% above analysts’ estimates. Its GAAP profit of $0.12 per share was 80% above analysts’ consensus estimates.
S&P 500, Nasdaq decline as investors assess tariff outlook
The benchmark S&P 500 and the tech-heavy Nasdaq declined in choppy trading on Wednesday, with investors exercising caution as they awaited economic data and clarity on the Trump administration's fresh tariffs that are expected to take effect next week. U.S. equities experienced a brief reprieve over the last two sessions, following President Donald Trump's indication that not all tariffs would be enforced by the April 2 deadline, with certain nations potentially being granted exemptions—though specifics remain elusive. The S&P has ascended over 4% since its mid-March lows, while the Nasdaq has advanced roughly 6%.
Dollar Tree (NASDAQ:DLTR) Misses Q4 Sales Targets, But Stock Soars 7.2%
Discount treasure-hunt retailer Dollar Tree (NASDAQ:DLTR) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 42.1% year on year to $5 billion. Next quarter’s revenue guidance of $4.55 billion underwhelmed, coming in 42.1% below analysts’ estimates. Its non-GAAP profit of $2.29 per share was 4.3% above analysts’ consensus estimates.
The Spanish economy grew 3.2% in 2024: Why is it outperforming peers?
Spain's economy grew 3.2% in 2024, one of the fastest in the eurozone, driven by strong domestic demand, robust tourism, and EU recovery funds, outperforming Germany, France and Italy. Economists say Spain remains a ‘bright spot’ in Europe, expecting this outperformance to continue through 2025.View on euronews
Trump's policies harm US economy, French central banker says
The Trump administration is unsettling the multilateral economic system, harming the U.S. economy in the process and to a lesser extent Europe as well, the head of France's central bank said on Wednesday. "Through his decisions and reversals, Mr. Trump destabilizes the multilateral system," Francois Villeroy de Galhau told lawmakers on the finance commission of the lower house of the French parliament. The U.S. Federal Reserve's recent downgrade of its forecast was evidence that the Trump administration's policies were already harming the U.S. economy, he added.
Copper Futures Hit Record High on Report of US Tariffs Within Weeks
Copper futures traded in New York surged to a record high on a report that U.S. tariffs on imports of the metal are set to be coming within several weeks, months earlier than the deadline for a decision.
US oil producer Chevron interested in gas exploration in another two blocks off Crete, says Greece
ATHENS -Chevron has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second such expression for Greek energy by the U.S. oil producer this year, the Greek energy ministry said on Wednesday. Greece has accepted Chevron's interest for two blocks south of Crete and will soon decide on the coordinates and on launching an international tender for the areas, which border two licensed blocks where an ExxonMobil-led consortium has been evaluating seismic data, the energy ministry said. Chevron's new interest doubles the size of offshore blocks that will be made available for energy exploration to an area stretching 47,000 square kilometres, increasing the possibility of finding "commercially exploitable" reserves in Greek waters.
Months after calling Wizz Air’s unlimited flights deal a ‘marketing scam,’ Michael O’Leary’s Ryanair launches its own subscription service
Michael O'Leary mocked Wizz Air's "All You Can Fly" deal as a marketing stunt. Now he's letting Ryanair passengers spend £79 on a "Prime" deal.
Wall Street job cuts loom as market turmoil stalls deals
U.S. investment banks are poised to cut more jobs if economic uncertainty continues to weigh on dealmaking in the months ahead, according to analysts and recruiters. U.S. President Donald Trump's threats to impose tariffs on trading partners have roiled markets, weighed on capital markets activity and raised the risk of an economic slowdown. Wall Street banks including JPMorgan and Bank of America have already begun annual culls targeting underperforming employees, while Goldman Sachs and Morgan Stanley are planning to lay off staff in the coming weeks.
US Stock Market Liquidity Drying Up as Trade War Concerns Mount
(Bloomberg) -- Worries over the economic effects of the global trade war are sapping liquidity in US stocks, creating a headache for institutional investors that could also boost volatility in broader markets. Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Trump Slashed International Aid. Geneva Is Feeling the Impact.How SUVs Are Making Traffic WorseParis Votes to Make 500 More Streets Car-FreeLi