Meta Platforms Inc. (NASDAQMETA) is scheduled to release fourth-quarter earnings on Jan. 29. Ahead of the earnings report, Goldman Sachs shared its views on Meta's earnings potential. Here's what you need to know.
Gavin Newsom's handling of the California wildfires could be a key factor in his potential possibility of running for president. A look at his approval ratings in a new poll.
Since 1955, every U.S. recession has been preceded by an inverted yield curve, followed by re-steepening before the recession fully materialized within 6 to 18 months.
Fresh produce company Calavo Growers (NASDAQCVGW) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell by 29.5% year on year to $170 million. Its non-GAAP profit of $0.05 per share was 83.1% below analysts’ consensus estimates.
Looking for insights into the US markets one hour before the close of the markets on Tuesday? Delve into the top gainers and losers of today's session and gain valuable market intelligence.
December's CPI report will shed light on inflation and could impact the Fed's stance on interest rates. Economist predicts soft core CPI, but risks of rate hike if inflation remains high.
Applied Digital shares are trading higher Tuesday after the company secured a significant $5 billion financing agreement with Macquarie Asset Management to fund the growth of its high-performance computing (HPC) data centers.
Shares of home services online marketplace ANGI (NASDAQANGI)
jumped 9% in the afternoon session after IAC's board approved a plan to fully spin off its stake in Angi. As part of the move, Joey Levin will step down as IAC CEO to become Executive Chairman of Angi. The spin-off is expected to give IAC shareholders direct ownership of Angi, fully separating the two companies. It will also eliminate Angi's dual-class structure, streamlining its governance. This simplified structure is expected to support Angi's growth by providing more flexibility to make acquisitions, raise capital, and attract talent.
Shares of homebuilder KB Home (NYSEKBH)
jumped 5% in the morning session after the company reported strong fourth-quarter results that exceeded analysts' backlog expectations. This figure is a leading indicator of revenue and a major focus of the markets. Its revenue also narrowly outperformed Wall Street's estimates. Management made constructive comments about the macro, noting that "Net orders rose roughly 40% year over year, as buyers continued to demonstrate a desire for homeownership and housing market conditions improved relative to last year". On the other hand, its EBITDA missed and its full-year revenue guidance fell slightly short of Wall Street's estimates. Zooming out, we think this was a mixed quarter. The market seemed to focus on the top-line strength, and the stock traded up.
