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It’s 5 minutes to midnight for Germany’s economy, Bundesbank chief warns after central bank’s first loss in 45 years
The Bundesbank racked up its first loss since 1979, as president Joachim Nagel called on Germany's incoming government to save the economy.
Stellantis Stock Slips as Profit Plunges
Stellantis shares fell in premarket trading Wednesday after the struggling automaker's 2024 profit disappointed investors, although the Jeep and Chrysler parent said it expects to return to revenue growth this year.
Bitcoin's Lofty Max Pain Suggests Higher Spot Prices as $5B Options Expiry Approaches
Over $5 billion of notional value is set to expire this Friday on Deribit at 08:00 UTC.
National Vision (NASDAQ:EYE) Posts Better-Than-Expected Sales In Q4, Stock Jumps 17.9%
Optical retailer National Vision (NYSE:EYE) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.9% year on year to $437.3 million. The company’s full-year revenue guidance of $1.93 billion at the midpoint came in 2% above analysts’ estimates. Its non-GAAP loss of $0.04 per share was in line with analysts’ consensus estimates.
Nasdaq leads Wall St higher with spotlight on Nvidia results
The tech-heavy Nasdaq led Wall Street's main indexes higher on Wednesday as chip stocks rebounded ahead of Nvidia's results that are crucial to illuminating future demand for AI. At 09:58 a.m. ET, the Dow Jones Industrial Average rose 117.59 points, or 0.27%, to 43,738.75, the S&P 500 gained 31.42 points, or 0.53%, to 5,986.67 and the Nasdaq Composite gained 155.11 points, or 0.82%, to 19,181.49. Eight of the S&P 500's 11 sectors traded higher, with technology stocks rising 1.2%.
Morning Bid: Confidence-sapped stocks find foothold as Nvidia awaited
Hit by draining consumer and business confidence amid uncertainty about Washington's economic policies, Wall Street stock indexes are all tripping into the red for 2025 - with the slide stalling for now, awaiting megacap Nvidia's earnings today. U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February, with 12-month inflation expectations surging amid worries that tariffs on imports would raise prices for households.
BP Refocuses on Oil Amid Elliott Pressure, But Cuts Buybacks
(Bloomberg) -- BP Plc announced a major pivot back to its core oil and gas business and promised to sell assets and reduce spending, but shares fell as the company sharply cut buybacks. Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC to Shut Migrant Center in Former Hotel as Crisis EasesNew York’s Congestion Pricing Plan Faces A
Analysis-Markets eye new wave of joint European bonds in rush to boost defence
The modest reaction across bond markets, typically unnerved by higher spending, as defence talks gathered pace this month suggests investors view increased borrowing as manageable so far. They say it also suggests markets expect some form of joint European funding again, five years after the European Union launched an 800 billion euro ($840 billion) pandemic recovery fund. Late last year investors saw joint borrowing from the EU itself as less likely.
Lowe's forecasts muted annual profit on uncertain economy, cautious spending
Lowe's Cos joined rival Home Depot in forecasting lackluster annual sales and profit on Wednesday, signaling that a downturn in the home improvement sector would linger amid higher interest rates. Shares of the Mooresville, North Carolina-based retailer were up 3.7% in premarket trading as it reported a surprise rise in fourth-quarter same-store sales, helped by demand for water cans, generators and cleaning supplies after Hurricanes Helene and Milton last year. The home improvement sector has witnessed a sharp slowdown over the last two years as high mortgage rates, rising home prices as well as refinancing costs stifled demand.