Your day-ahead look for March 4, 2025
Olaplex’s (NASDAQ:OLPX) Q4: Strong Sales, Stock Jumps 10.2%
Hair care company Olaplex (NASDAQ:OLPX) announced better-than-expected revenue in Q4 CY2024, but sales fell by 9.8% year on year to $100.7 million. The company’s full-year revenue guidance of $420.5 million at the midpoint came in 4.4% above analysts’ estimates. Its non-GAAP profit of $0.01 per share was in line with analysts’ consensus estimates.
Global markets tumble as Trump tariffs on Canada, Mexico, and China spark trade war fears
Growth expectations for the U.S. economy are falling as China and Canada announce their next move in the tit-for-tat trade spat with the White House.
Nasdaq falls into correction territory as trade war worries weigh
Wall Street's main indexes fell on Tuesday, with the tech-heavy Nasdaq leading declines, as investors feared that an escalating trade war between the U.S. and its partners could damage the economy. The Nasdaq Composite index fell 10% from its record high hit on December 16 into what is commonly known as correction territory. At 10:01 a.m. ET, the Dow Jones Industrial Average fell 610.73 points, or 1.41%, to 42,580.51, the S&P 500 lost 86.35 points, or 1.50%, to 5,762.26 and the Nasdaq Composite lost 284.14 points, or 1.55%, to 18,066.06.
Fed's tools, goals under the microscope as US House task force gets underway
WASHINGTON (Reuters) -A new task force in the Republican-controlled U.S. House of Representatives on Tuesday began an examination of the Federal Reserve's role and goals, with Republicans raising questions about its track record on controlling inflation, and Democrats on watch for the impact of President Donald Trump's freshly imposed tariffs and other economic policies. Unlike some congressional task forces that mostly operate on the back burner, the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force's inaugural hearing drew support from the committee's top leadership, with both Chairman French Hill and the House Financial Services Committee's top Democrat, Representative Maxine Waters, querying witnesses.
The state of the US economy, in 9 charts
President Donald Trump on Tuesday will address Congress for the first time in his second term, and he’ll do with an economy that’s continuing to chug along.
Best money market account rates today: March 4, 2025 (earn up to 4.51% APY)
Money market account interest rates today are still well above historical norms. Find out where to get the best money market account rates now.
DeepSeek hype and geopolitics make this Chinese chipmaker one of Hong Kong’s best performing stocks
Semiconductor Manufacturing International Corporation (SMIC) is up over 75% for the year so far, making it one of the Hang Seng's best performing stocks.
US tariffs drag Mexico's peso, stocks lower
LONDON/NEW YORK (Reuters) -Mexico's peso fell for a fourth consecutive session on Tuesday and briefly touched the 21-per-dollar level for the first time in a month after the United States imposed 25% tariffs on imports from Mexico. Stocks also fell in Mexico for a fourth day and the benchmark index slid to its lowest in five weeks, with local equities still up over 3% year to date. Mexico's trade-dependent economy sends around 80% of its exports to the United States.
Indian Stocks Post Historic Losing Streak as Global Funds Flee
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer Than RecommendedThe selloff in India