Reported about 1 hour ago
LVMH's media group, Les Echos-Le Parisien, has opted out of a planned lawsuit against Elon Musk's X platform, according to sources. Initially, French media groups, including Les Echos and others, aimed to sue X for unpaid use of their content, adhering to EU copyright rules. However, LVMH has now informed other media partners that it will not proceed with the lawsuit, although the reasons for this change were not disclosed.
Source: YAHOO
Reported about 1 hour ago
Marriott International has revised its full-year forecast for 2025, predicting slower net room growth and profit below Wall Street expectations, primarily due to declining performance in Greater China. The hotel operator anticipates adjusted profits of $9.82 to $10.19 per share, falling short of the $10.65 expected by analysts. Domestic travel demand in China has weakened amid economic concerns, leading to a 1.7% decline in room revenue in the region, while global net room growth is expected to slow to 4-5%. However, Marriott's quarterly revenue surpassed estimates, showing strong performance in the Asia-Pacific region outside China.
Source: YAHOO
Reported about 2 hours ago
The SEC and Binance, along with co-founder Changpeng Zhao, have jointly requested a 60-day pause in their lawsuit as the SEC is developing a regulatory framework for digital assets. This request was made to the US District Court of Columbia and aligns with the SEC's establishment of a crypto taskforce. Binance asserts that the SEC’s claims lack merit and expresses a desire to resolve the matter while continuing to enhance the platform's security and licensing.
Source: YAHOO
Reported about 2 hours ago
Coca-Cola reported an unexpected rise in comparable revenue and fourth-quarter profits, driven by higher prices and strong demand for its beverages. The company saw a 4.2% increase in net revenue to $11.40 billion, surpassing analyst expectations. Growth was particularly noted in emerging markets and through strategic partnerships with fast-food chains. In contrast, rival PepsiCo faced a decline in volume sales, highlighting Coca-Cola's robust performance in the sparkling beverage category.
Source: YAHOO
Reported about 2 hours ago
The UK government achieved a historic £13 billion ($16 billion) bond sale, attracting unprecedented investor demand as they sought to secure yields near multi-decade highs. The sale drew over £140 billion in orders, breaking previous records and reflecting an optimistic sentiment despite earlier fiscal concerns. Analysts note that this successful syndication signals a shift in the bond market outlook, with expectations for reduced future gilt supply.
Source: YAHOO
Reported about 2 hours ago
Coca-Cola has achieved a 6% increase in revenue during the fourth quarter, totaling $11.5 billion, surpassing analysts' expectations. This growth is attributed to a rise in sales volumes in key markets such as the U.S. and China, particularly for Coca-Cola Zero Sugar, which saw a 13% increase. Despite a 1% decline in the previous quarter, unit case volumes grew by 2%. The company also raised prices by 9% amidst inflationary pressures. Net income for the quarter reached $2.2 billion, an 11% increase, with future growth projected at 5% to 6% for 2025.
Source: YAHOO
Reported about 2 hours ago
Carrier Global reported a fourth-quarter profit that exceeded expectations, fueled by strong demand for its HVAC products and repair services. The company experienced an 11% organic growth in its HVAC segment, especially in the Americas, as global temperature rises and air quality concerns led to increased air conditioner and purifier sales. The adjusted profit was 54 cents per share, surpassing analyst forecasts. Carrier anticipates a 2025 adjusted profit of $2.95 to $3.05 per share.
Source: YAHOO
Reported about 2 hours ago
Coca-Cola Co. reported a profit that exceeded Wall Street forecasts as consumers opted to pay more for its beverages, including sodas and juices. Adjusted earnings per share reached 55 cents, surpassing the expected 52 cents. Despite a general consumer trend towards budget-cutting, Coca-Cola's strategic price increases led to a 9% rise in its price mix and a 2% increase in volume during the fourth quarter. The company's stock rose 3.1% in premarket trading, highlighting its resilience compared to competitors like PepsiCo, which recently fell short of sales projections.
Source: YAHOO
Reported about 2 hours ago
Israel has returned to the global bond market to issue dollar debt after 16 months of conflict, aiming to strengthen its balance sheet. The country is offering five- and ten-year bonds with competitive spreads. Following recent ceasefires, Israel's fiscal deficit has improved, leading to a decrease in bond spreads and a stronger shekel. Major banks are facilitating this bond sale.
Source: YAHOO
Reported about 2 hours ago
Brazil's inflation rate decreased at the beginning of January, aided by one-time energy credits that alleviated price pressures for consumers. Official data revealed a 4.56% rise in consumer prices compared to the previous year, slightly below expectations, while a monthly increase of 0.16% was recorded. The central bank intends to raise the benchmark Selic rate to 14.25% in an effort to manage inflation, which has been challenging due to currency fluctuations and strong demand, amid concerns over government fiscal discipline and adverse weather impacts on crops.
Source: YAHOO
Reported about 2 hours ago
Binance and the U.S. Securities and Exchange Commission (SEC) have jointly requested a temporary halt in the SEC's lawsuit against the cryptocurrency exchange, highlighting a potential shift in regulatory stance under new leadership. Citing the formation of a new task force aimed at developing crypto regulations, both parties believe this pause could lead to a resolution of the case. This move represents a notable retreat from the previous aggressive enforcement policies and aligns with President Trump's goal of positioning the U.S. as a leader in the cryptocurrency industry.
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Goldman Sachs led a $125 million funding round for Tines Security Services Ltd., an AI software startup specializing in automating cybersecurity tasks, which surged its valuation to $1.13 billion. This marks an 80% increase from last year's value of $600 million. Alongside SoftBank's Vision Fund, Tines plans to enhance research and development, expand its workforce, and leverage connections for growth, particularly in the US and Asia.
Source: YAHOO
Reported about 3 hours ago
The market is currently trading in a narrow range, with equities reflecting a cautious approach amidst significant changes in leadership and notable market disruptors. Analysis from Bespoke Investment Group highlights that the 100-day range for market highs and lows has remained tight, indicating that investors are currently prioritizing caution. Expert insights, including comments from Kenny Polcari, suggest that market participants are adopting a wait-and-see stance as they navigate uncertainties.
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
International Monetary Fund Managing Director Kristalina Georgieva stated at the World Government Summit in Dubai that it is too early to evaluate the impact of U.S. tariffs on the global economy, calling it an 'evolving story'. She emphasized the resilience of the global economy amid uncertainties and suggested that potential economic slowdowns might influence inflation and interest rates unpredictably.
Source: YAHOO
Reported about 5 hours ago
India's rupee recorded its largest gain in over two years, rallying nearly 1% after strong intervention by the central bank aimed at stabilizing the currency, which had been trading at record lows recently. This unexpected increase surprised traders, leading to market adjustments as the Reserve Bank of India's new strategy indicates a resistance to rapid depreciation of the rupee. Analysts view this intervention as a signal of the RBI's commitment to currency stability amid economic pressures.
Source: YAHOO
Reported about 5 hours ago
Spotify founders Daniel Ek and Martin Lorentzon recently sold over 2.5 million shares of the company's stock, netting around $1 billion as they diversify their investments. Their moves mark the largest stock liquidation since 2019, coinciding with a 239% surge in Spotify's stock price over the past year. Both founders now hold a combined stake of approximately 16% in the company, significantly contributing to their $22 billion combined fortune.
Source: YAHOO
Reported about 5 hours ago
Source: YAHOO
Reported about 5 hours ago
Source: YAHOO
Reported about 6 hours ago
Source: YAHOO
Reported about 6 hours ago
U.S. President Donald Trump's 25% tariffs on steel and aluminum have led to record highs in gold prices due to fears of escalating trade conflicts and inflation, while Chinese steel shares have faced pressure. Despite China not being a major steel exporter to the U.S., Trump cited its exports as a reason for increased shipments from other nations. Some countries, including Australia and South Korea, are exploring negotiations on these tariffs amidst concerns about the impact on steel demand and production profitability.
Source: YAHOO
Reported about 6 hours ago
Chinese battery giant CATL has reopened its lithium lepidolite mine and refinery in Jiangxi province, aiming to ramp up production from over 2,000 tons to more than 3,000 tons of lithium carbonate per month. The resumption follows successful cost reductions at the facilities. Reports indicate this operation had previously caused a surge in lithium stocks after news of its closure.
Source: YAHOO