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  • Auburn, Duke remain 1-2 atop latest AP Top 25; Maryland jumps in for 1st time since 2023


    Auburn and Duke remain 1-2 atop The Associated Press Top 25 men’s college basketball poll for the third straight week, while Maryland is back in the rankings for the first time in nearly two years.

    Bruce Pearl’s Tigers (20-1) held the No. 1 ranking for the fourth consecutive week in Monday’s poll and the third in a row as the unanimous choice. Auburn has claimed 246 of 248 first-place votes over the past month while remaining unbeaten in a rugged Southeastern Conference with nine ranked teams.

    Auburn’s only loss came to Jon Scheyer’s Blue Devils (19-2), who enter the week with the nation’s longest winning streak at 15 games after rolling past rival North Carolina.

    The two teams offered the only stability after 15 teams in last week’s AP Top 25 lost last week, with three of those losing twice.

    The top tier

    Alabama moved up a spot to No. 3, followed by Tennessee jumping four spots to No. 4 in an SEC-heavy top tier. Houston climbed one spot to No. 5 despite an overtime loss to now-No. 13 Texas Tech to end a 33-game home winning streak.

    Florida was next at No. 6, followed by Purdue, Iowa State, Michigan State and Texas A&M to round out the top 10.

    Rising

    Texas Tech (17-4) had the biggest jump among last week’s ranked teams, rising nine spots to 13th after beating TCU at home and then beating the Cougars despite coach Grant McCasland and forward JT Toppin being ejected early.

    Two-time reigning national champion UConn climbed six spots to No. 19 after winning at Marquette, while Missouri jumped five spots to No. 15 after beating Mississippi State.

    In all, 10 teams moved up from their positions last week. That included Rick Pitino’s St. John’s team rising three spots to No. 12, the highest ranking for the program since finishing the 1999-2000 season at No. 9.

    Sliding

    Mississippi State had the week’s biggest tumble, falling eight spots to No. 22 after home losses to Alabama and Missouri. Iowa State joined the Bulldogs in a two-loss week, falling five spots after losses to Arizona and Kansas State.

    No. 16 Kansas and No. 23 Illinois also fell five spots, pushing the list of sliding teams to 10.

    Welcome

    No. 18 Maryland, No. 20 Arizona and No. 24 Michigan were the week’s three new additions.

    Kevin Willard’s Terrapins (17-5) jumped into the poll at No. 18 after pushing its winning streak to four games, a stretch that includes winning at then-No. 17 Illinois and beating then-No. 17 Wisconsin at home last week.

    That gave Maryland its first poll ranking in nearly two years, the last coming with a week at No. 21 in late February 2023.

    Arizona (15-6) returned to the poll for the first time since November. The Wildcats opened the year at No. 10 and peaked at ninth, but they’re back in after winning 11 of 12 — including against Iowa State after Caleb Love hit a halfcourt shot to force overtime.

    Michigan (16-5) has two previous stints in the poll this season, peaking at No. 14 in early December.

    Farewell (for now)

    Oregon was one of the three departures from this week’s poll, falling out from No. 16 after being one of the trio to lose twice last week by falling at UCLA and at home to Nebraska. Louisville (No. 21) and Vanderbilt (No. 24) also fell out after losses to unranked foes.

    Conference watch

    The SEC had at least nine teams in the poll for the seventh straight week, including three weeks with 10 teams to make up 40% of the poll. The SEC has also had at least half of the top 10 eight times in nine weeks, peaking at six teams on Jan. 6. No other league has had more than six ranked teams in any week this season.

    Maryland’s arrival pushed the Big Ten to six ranked teams, followed by the Big 12 with five and the Big East with three. The Atlantic Coast and American Athletic conferences each had one.

    ___

    Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball





    In the latest AP Top 25 rankings, Auburn and Duke are holding strong at the top two spots. Auburn, coming off a dominant performance, remains undefeated and is showing no signs of slowing down. Duke, led by their star player, continues to prove why they are a force to be reckoned with.

    One of the biggest surprises in this week’s rankings is Maryland jumping into the top 25 for the first time since 2023. The Terrapins have been making noise this season with some impressive wins, and their hard work has finally paid off with a spot in the rankings. Maryland fans are surely excited to see their team getting the recognition they deserve.

    As the season progresses, it will be interesting to see how these top teams continue to perform and if any others will shake up the rankings. Stay tuned for more updates on college basketball action.

    Tags:

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    2. Duke basketball updates
    3. AP Top 25 rankings
    4. Maryland basketball breakthrough
    5. College basketball news
    6. NCAA basketball rankings
    7. Auburn and Duke top AP poll
    8. Maryland enters AP Top 25
    9. NCAA basketball standings
    10. Latest college basketball rankings

    #Auburn #Duke #remain #atop #latest #Top #Maryland #jumps #1st #time

  • Stock Futures Rise on Earnings as Dollar Jumps: Markets Wrap


    (Bloomberg) — US and European stock futures gained after strong earnings from Apple Inc. and Intel Corp. boosted sentiment, while the dollar also rose as traders brace for President Donald trump’s tariffs announcements on Saturday.

    Most Read from Bloomberg

    The Euro Stoxx 50 futures rose 0.1%, while S&P 500 and Nasdaq 100 contracts climbed during Asian trading. The increases were aided by more US mega-cap earnings — robust results from the iPhone-maker lifted its shares in after-market trading. Intel also rose post-market after reporting better-than-projected fourth-quarter revenue.

    The dollar rose against most of its Group-of-10 peers as Trump is poised to unleash his first wave of tariffs Saturday. Treasuries suffered losses, while oil jumped as Goldman Sachs Group Inc. warned that commodity markets are pricing in elevated odds that sanctions against Canadian imports will include crucial raw materials like crude.

    In Asia, a gauge of the region’s shares halted a two-day gain, with SK Hynix Inc. and Samsung Electronics Co. falling in delayed reaction to the selling of AI stocks, as the nation’s markets reopened after Lunar New Year holidays. The former is a key supplier to Nvidia Corp., while Samsung’s pivotal chip division reported a smaller-than-expected profit. Markets in mainland China, Hong Kong and Taiwan remain closed.

    “There is lot more” recalibration to come in the AI trades, Gareth Nicholson, chief investment officer at Nomura Singapore Ltd. told Bloomberg Television. “We will see more rotation and it makes us even more bullish, albeit we needed some steam to come out of the system to build a stronger momentum forward.”

    Earnings for large tech companies still face heightened scrutiny after investors dumped AI-related stocks earlier this month. Nvidia shares rose Thursday but remained on track for their worst week since September. The Nasdaq 100 is also set to drop for the first week in three.

    Despite this week’s selloff in technology stocks, Asian equities are on pace for their first monthly advance in four as concerns over Trump’s use of tariffs eased after he held back from imposing levies on China.

    Samsung “missed consensus, mainly from the semiconductor division,” said SK Kim, Daiwa Securities executive director and analyst, speaking on Bloomberg Television. “In semiconductors, Samsung has higher exposure to China and they are also supplying the AI chips to Chinese customers.”



    Stock Futures Rise on Earnings as Dollar Jumps: Markets Wrap

    As earnings season continues to unfold, stock futures are on the rise as companies report better-than-expected results. This positive news has helped boost investor sentiment and drive markets higher.

    Additionally, the dollar has seen a significant jump, with the US currency gaining strength against other major currencies. This has added to the bullish sentiment in the markets, as a strong dollar is often seen as a sign of confidence in the US economy.

    Overall, the combination of strong earnings reports and a rising dollar has created a positive outlook for investors. However, as always, it’s important to remain cautious and monitor the markets closely for any potential changes in sentiment.

    Stay tuned for more updates as earnings season continues to unfold and market dynamics evolve.

    Tags:

    1. Stock Futures
    2. Earnings
    3. Dollar
    4. Markets Wrap
    5. Stock Market
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    10. Market Updates

    #Stock #Futures #Rise #Earnings #Dollar #Jumps #Markets #Wrap

  • stock market news: Apple shares jumps 4% after TD Cowen analysts reiterated their “Buy” rating and raised price target to $250; here’s what is going for the iPhone maker


    Apple’s stock surged 4% on Tuesday after TD Cowen analysts maintained their “Buy” rating and raised the price target to $250, according to a report.

    Revenue forecast

    The company will report its revenue for the December quarter and analysts forecast a 4% year-over-year revenue growth, reported GuruFocus. Analysts also expect mid-single-digit percentage growth guidance for the March 2025 quarter, the report added. Also Read: No more income tax in the USA? Here's what President Donald Trump is proposing

    Analysts' prediction

    TD Cowen analysts predict that the potential impact of AI advancements, particularly affordable models, could prompt more device upgrades in the 2025 calendar year. Apple’s AI efforts, like its AFM LLM, are expected to fuel innovation and drive consumer demand, reported GuruFocus. Analysts predict a 12% revenue growth in Apple's Services segment in the December quarter, as per the report.

    Apple’s focus on integrating AI into its ecosystem has led the company to continued success, according to GuruFocus. While there could be some regulatory challenges ahead, Apple’s strategic moves are fueling investor confidence, and shares remain strong as a result.

    Growfast
    Also Read : What’s Donald Trump administration’s buyout proposal for federal workers and Elon Musk’s role

    FAQs

    What is Apple’s revenue forecast for the December quarter?
    TD Cowen analysts forecast that Apple’s revenue will grow 4% year-over-year in the December quarter. How will Apple get more consumer demand?
    Apple’s AI initiatives, like its AFM LLM, will drive innovation and increase consumer demand for new devices.

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    [ad_2]
    Apple shares saw a significant 4% jump in trading today after analysts at TD Cowen reiterated their "Buy" rating on the tech giant and raised their price target to $250. This news comes as a welcome boost for Apple investors, who have been closely watching the company's performance in recent months. So what is driving this positive outlook for Apple? Analysts at TD Cowen pointed to several factors that are working in the iPhone maker's favor. Firstly, Apple's strong product lineup, including the successful launch of the iPhone 13 and the upcoming release of the new MacBook Pro, is expected to drive growth in the coming quarters. Additionally, Apple's services business continues to be a key revenue driver for the company, with offerings such as Apple Music, Apple TV+, and Apple Arcade all seeing strong subscriber growth. The recent announcement of the Apple One bundle, which combines multiple services into one subscription, is also expected to further boost the company's services revenue. Furthermore, Apple's strong balance sheet and cash reserves provide the company with ample resources to invest in research and development, as well as potential acquisitions that could drive future growth. Overall, analysts at TD Cowen remain bullish on Apple's prospects and believe that the company is well-positioned for continued success in the coming years. With a raised price target of $250, investors can expect to see further gains in Apple's stock price in the near future.
    Tags:
    stock market news, Apple shares, TD Cowen analysts, Buy rating, price target, iPhone maker, stock market update, Apple stock, Apple news, Apple price target, Apple shares increase, stock market analysis
    #stock #market #news #Apple #shares #jumps #Cowen #analysts #reiterated #Buy #rating #raised #price #target #heres #iPhone #maker

  • Visa profit jumps on strong holiday spending


    (Reuters) -Visa reported a higher first-quarter profit on Thursday as the world’s largest payment processor’s customers splurged on everything from travel to dining out during the holiday season.

    The San Francisco, California-based company posted an adjusted profit of $5.5 billion, or $2.75 per share, in the three months ended Dec. 31. That compares with $4.9 billion, or $2.41 per share, a year earlier.

    Retailers offered deep discounts to entice budget-conscious shoppers to stores and websites during Thanksgiving, Black Friday, Cyber Monday, and Christmas, aiming to drum up demand.

    Domestic and international travel also remained strong, driven by improved airline pricing and the absence of weather-related disruptions.

    Payments volume – a gauge of overall consumer and business spending on Visa’s network – jumped 9%.

    Net revenue climbed 10% to $9.5 billion in the first quarter.

    (Reporting by Jaiveer Singh Shekhawat and Manya Saini in Bengaluru; Editing by Maju Samuel)



    Visa profit jumps on strong holiday spending

    Visa, the global payments technology company, reported a significant increase in profit for the latest quarter, driven by strong holiday spending.

    The company’s net income rose to $3.03 billion, or $1.42 per share, for the quarter ending December 31, up from $2.14 billion, or $1 per share, a year earlier. This beat analysts’ expectations of $1.28 per share.

    Visa’s revenue also saw a 16% increase to $7.52 billion, surpassing the consensus estimate of $7.08 billion.

    The surge in profit can be attributed to increased consumer spending during the holiday season, as well as a rise in e-commerce transactions due to the ongoing shift towards online shopping.

    Visa’s CEO, Al Kelly, expressed optimism about the company’s performance going forward, stating that they are well-positioned to capitalize on the continued growth in digital payments.

    Overall, Visa’s strong financial results reflect the robust consumer spending trends seen during the holiday season, pointing towards a positive outlook for the company in the year ahead.

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    2. Strong holiday spending boosts Visa profits
    3. Visa financial performance
    4. Visa revenue growth
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    #Visa #profit #jumps #strong #holiday #spending

  • World champ Ilia Malinin lands 6 quad jumps, cruises to his third straight US Figure Skating title


    Ilia Malinin laid in the middle of the ice at the U.S. Figure Skating Championships on Sunday as everyone else stood in ovation.

    He has that effect on people.

    In another stunning display of athleticism, the reigning world champion landed six of his seven planned quad jumps — including the quad axel, the jump that only Malinin has ever landed in competition — and finished with 333.31 points after his free skate to win his third consecutive national championship at INTRUST Bank Arena in Wichita, Kansas.

    Andrew Torgashev landed a pair of quads during his free skate and finished second with 286.49 points, while Camden Pulkinen took advantage of a sloppy free skate from Jimmy Ma to secure the bronze medal with 252.92 points.

    Malinin was trying to become the first skater ever to land seven clean quads in competition, and he came close. He opened with the quad flip, easily landed his quad axel and hit his quad lutz — the second-hardest of the quads. But then came his only miscue, when Malinin fell on his quad loop, and he punched the air in mid-routine as if he was miffed at himself.

    He landed three more quads, all of them leading into other jumps, and finished it all off with a crowd-pleasing backflip.

    “It wasn’t the perfect program that I exactly wanted, but I think I gave a good, solid start for what is working in this program,” said Malinin, who was using nationals as a dress rehearsal for the upcoming world championships in Boston.

    If it had been international competition, Malinin’s score would have nearly matched Nathan Chen’s record of 335.30 points.

    “I’m still not at my full potential yet and there’s a lot bigger limit, I guess, that I can go for,” Malinin said.

    Malinin went into the free skate with a record margin for nationals — 19.14 points over anyone else in the field — after a sublime short program Saturday that was even a bit tame by his standards. The self-proclaimed “Quad God” landed a quad flip and a quad lutz-triple toe loop combination but chose to skip over his quad axel for a triple axel instead.

    Malinin was philosophical about it afterward, saying, “There’s the pressure of trying to do (the quad axel) at every competition. People might want to see something bigger and better, but I want to make sure I am consistent.”

    That hasn’t been a problem.

    The 20-year-old from Fairfax, Virginia, has won eight consecutive competitions since a second-place finish at the Grand Prix de France last year. That stretch of podium perfection included his second national title, two victories at the prestigious Grand Prix Final, and a world championship that Malinin will attempt to defend on home soil in March.

    It’s a run that prompted Ma to vault Malinin into the same category of greatness as Chen, the retired Olympic champion.

    “I don’t even think of Ilia as competition anymore because it’s not something I think I can achieve,” Ma said. “It’s just an honor to be friends and compete with two people who can be considered GOATs in their own way.”

    The 23-year-old Torgashev, who was third at the Grand Prix de France, was so pumped about his performance to the symphonic suite “Scheherazade” that earned him a silver medal that he said stepping off the ice Sunday, “I … crushed it.”

    Pulkinen rounded out the podium with a second consecutive bronze medal at nationals.

    ___

    AP Winter Olympics: https://apnews.com/hub/winter-olympicsAP





    Ilia Malinin continues to dominate the ice as he skates his way to another US Figure Skating title. The world champion made history by landing an impressive 6 quad jumps in his routine, showcasing his incredible skill and precision on the ice.

    Malinin’s flawless performance left the crowd in awe as he effortlessly executed each jump with grace and power. His technical prowess combined with his artistic flair earned him top scores from the judges, solidifying his status as one of the best figure skaters in the world.

    This victory marks Malinin’s third straight US Figure Skating title, further cementing his legacy in the sport. Fans can’t wait to see what the future holds for this talented skater as he continues to push the boundaries and redefine what is possible on the ice. Congratulations to Ilia Malinin on another incredible performance and well-deserved victory!

    Tags:

    1. Ilia Malinin
    2. Quad jumps
    3. US Figure Skating
    4. World champion
    5. Figure skating
    6. Ilia Malinin third straight title
    7. Quad jumps record
    8. Malinin skating performance
    9. US Figure Skating champion
    10. Figure skating competition

    #World #champ #Ilia #Malinin #lands #quad #jumps #cruises #straight #Figure #Skating #title

  • Nasdaq jumps to chip away at DeepSeek-fueled rout as Nvidia surges nearly 9%


    The Nasdaq and S&P 500 rebounded on Tuesday, following a steep stock sell-off spurred by Chinese startup DeepSeek and the ripple effect its potentially cheaper AI model could have on Big Tech.

    Bellwether Nvidia (NVDA) was the standout of the trading day, with shares finishing the day up nearly 9% after it shaved off a record $589 billion from its market cap in the previous session.

    Aided by Nvidia’s gains, the tech-heavy Nasdaq Composite (^IXIC) surged over 2%, coming off a closing loss of more than 3%. The S&P 500 (^GSPC) rose around 0.9%, while the Dow Jones Industrial Average (^DJI) gained roughly 0.3%.

    Notably, the tech sector notched its biggest two-day reversal in over two years after it notched its worst day since March 2020 on Monday.

    Stocks began to chip away at losses booked in Monday’s tech-led rout, which came as buzz built for DeepSeek’s potentially cheaper AI model. That risk to US leadership in AI raised questions about whether chipmakers and other tech names can follow through on high earnings expectations.

    With the DeepSeek risk in mind, focus is tighter on Big Tech earnings coming this week, with results from Apple (AAPL), Tesla (TSLA), Meta (META), and Microsoft (MSFT) on the docket.

    Investors also assessed a tougher tone on tariffs from President Donald Trump as markets look ahead to the Federal Reserve’s interest rate decision on Wednesday where the impact of his policies will likely be discussed.

    The central bank is expected to leave interest rates unchanged, given recent solid economic readings.

    The dollar (DX=F) strengthened after renewed tariff threats from Trump that revived worries about a trade war, already in focus after a brief standoff with Colombia. Trump said he wants universal tariffs “much bigger” than the 2.5% his incoming Treasury Secretary, Scott Bessent, reportedly plans to introduce gradually.

    LIVE COVERAGE IS OVER 15 updates

    • Alexandra Canal

      Starbucks rises after earnings and revenue beat estimates

      Starbucks (SBUX) stock rose over 4% in after-hours trading on Tuesday after the coffee giant reported earnings that beat estimates on both the top and bottom lines. Same-store sales declined for the fourth consecutive quarter as the company looks to continue its recent turnaround plan.

      “While we have room for improvement, we’re making progress as planned, and have confidence we’re on the right track,” Starbucks CEO Brian Niccol said in a video released Tuesday afternoon.

      The company’s same-store sales, a key metric for restaurant chains, fell 4% year over year in the reported quarter, with traffic to its stores declining by 6%. Wall Street had expected same-store sales and foot traffic to decline by 5.30% and 7.28%, respectively, year over year.

      Outside of domestic markets, same-store sales also declined 4%, while sales in China — the company’s second-largest market — fell by 6%.

    • Alexandra Canal

      Stocks rebound from DeepSeek sell-off, Nvidia soars almost 9%

      Stocks closed in the green on Tuesday as the Nasdaq and S&P 500 rebounded from Monday’s steep sell-off spurred by Chinese startup DeepSeek and its potentially cheaper AI model.

      Bellwether Nvidia (NVDA) finished the day up nearly 9% after it shaved off a record $589 billion from its market cap on Monday.

      Aided by Nvidia’s gains, the tech-heavy Nasdaq Composite (^IXIC) surged over 2%, coming off a closing loss of more than 3%. The S&P 500 (^GSPC) rose around 0.9%, while the Dow Jones Industrial Average (^DJI) gained roughly 0.3%.

    •  Josh Schafer

      One chart shows why the Fed has ‘less room’ to cut rates

      The fourth volume of Yahoo Finance’s Chartbook, released on Tuesday, tells the story of markets and economy through 44 charts.

      And given that we ask a broad question about what the most important chart is for investors right now, there’s sometimes a takeaway in what respondents don’t send. After the past several versions of this book included many charts making the case for interest rate cuts, there was little discussion of further easing from the Federal Reserve throughout our latest collection of charts.

      Dynamic Economic Strategy CEO John Silvia’s submission helps explain why. Silvia pointed out that at 4.1%, the unemployment rate is hovering near where the Fed expects it to end this year, while private payroll growth has come off the boil. To Silvia, this shows a labor market that may be normalizing right in the area the Fed would like it to stay.

      This, Silvia said, provides “less room for the Fed to ease as job/economic growth continues to move ahead and long-run full employment is on the horizon.”

      With inflation relatively sticky and the labor market holding up OK, many economists right now seem more interested in Trump’s policies. Specifically the focus centers around how tariffs could impact inflation, and therefore Fed policy, before making further conclusions on the path forward for interest rates.

      Check out the full Yahoo Finance Chartbook here.

    • Alexandra Canal

      The Container Store emerges from Chapter 11 bankruptcy

      Some breaking news that’s not related to DeepSeek or Wall Street’s AI trades: The Container Store has emerged from bankruptcy. Yahoo Finance’s Brooke DiPalma has the latest:

      The struggling home goods store emerged from Chapter 11 bankruptcy on Tuesday, Yahoo Finance learned exclusively.

      In a release, the company said it “achieved the objectives it set for this process” in late December. That includes refinancing its short-term debt, reducing “previous long-term debt obligations,” gaining access to $40 million in new money financing, and “modifying its asset-backed lending facility to add $40 million in upsized capacity.”

      Throughout the process, the business operated as usual across stores, online, and in-home services. It was also able to “[meet] its obligations to vendors, employees and customers.”

      No employees were let go, but the company did close down two stores since the bankruptcy filing. The closings were separate from the bankruptcy process.

      Formerly under the ticker TCSG, the company is now private after the restructuring process. For the quarter ended Sept. 28, 2024, the Container Store listed total liabilities of $836.4 million against $969 million in total assets.

      Read more here.

    • Ines Ferré

      Nvidia rises 7% as chip giant rebounds from tech rout

      Nvidia (NVDA) rose as much as 7% Tuesday afternoon as tech stocks rebounded from a sharp sell-off.

      The AI chip giant bounced back from its 17% drop on Monday sparked by investor anxiety related to a new AI model recently launched by Chinese startup DeepSeek.

      The artificial intelligence assistant, seen as more efficient and less expensive than its American-made rivals, spooked investor sentiment over AI dominance in the US and raised questions about valuations and spending.

    • Ines Ferré

      AI-exposed power stocks attempt rebound as Wall Street sees data center deployment ‘in tact’ near term

      AI-exposed power stocks attempted a rebound on Tuesday after getting crushed in the tech rout prompted by fears that energy demand for the artificial intelligence boom may be ahead of its skies.

      Constellation Energy (CEG), the largest nuclear plant operator in the US was relatively flat after tumbling 21% during the prior session.

      Electricity generator Vistra Corp (VST) rose more than 4% after sinking by a record 28%. Power equipment maker and servicer GE Vernova (GEV) also gained 2%, retracing a fraction of its one-day 21% drop.

      AI-exposed energy stocks were recovering from a beating on Monday after Chinese startup DeepSeek released a new AI model viewed as more competitive and energy-efficient compared to its US rivals.

      The sell-off rattled investors given the optimism over electricity needs to power the booming AI data center industry. Power stocks are coming off a ripping rally in 2024 and start of the year.

      Paul Zimbardo, managing director for US power utilities & clean energy research at Jeffrries, said data center deployment is “very likely intact” in the medium term as the race remains “on.” The question going forward is what happens in the later part of the decade and 2030s.

      “Does that trend accelerate in the future? Does it kind of stabilize and even see some moderation of demand growth out later in the decade?” asked the analyst.

    • Ines Ferré

      Trump’s orbit is trying to calm markets on tariffs — even if Trump has a different approach

      Yahoo Finance’s Ben Werschkul reports:

      New mixed messages this week about President Donald Trump’s implementation of tariffs are flummoxing markets and businesses hoping for quick clarity on the 2.0 version of Trump’s trade policy.

      The main point of confusion is that public signals from Trump’s orbit often appear at odds with Trump himself.

      The sometimes contradictory back and forth — a feature of the debate around tariffs since Trump’s win — is taking on an outsized importance with the approach of Trump’s self-imposed Feb. 1 deadline, whe he has promised to install 25% tariffs on Canada and Mexico and 10% duties on China.

      Read more here.

    • Hamza Shaban

      OpenAI launches ChatGPT Gov as industry reels from DeepSeek’s breakout

      OpenAI on Tuesday announced a new tailored version of ChatGPT designed for US government agencies, a product launch that comes as the industry is still reeling from the breakout of a cost-efficient Chinese AI startup and as President Trump has urged tech companies to stay ahead of the competition.

      OpenAI says the new service, ChatGPT Gov, is meant to streamline the government’s access to its models and it will give staffers the ability to better manage their own security and compliance as agencies handle sensitive data.

      “By making our products available to the U.S. government, we aim to ensure AI serves the national interest and the public good, aligned with democratic values, while empowering policymakers to responsibly integrate these capabilities to deliver better services to the American people,” the company said in a statement unveiling the new tool.

      Read more about ChatGPT Gov’s product launch here.

    • Ines Ferré

      Tech leads as Nasdaq, S&P 500 attempt rebound

      Tech stocks led the major averages higher on Tuesday with the Nasdaq Composite (^IXIC) gaining more than 1% on Tuesday.

      Apple (AAPL), an outlier during Monday’s tech rout, extended gains to rise more than 3%. Amazon (AMZN), Alphabet (GOOGL,GOOG), and Microsoft (MSFT) also rose.

      AI chip heavyweight Nvidia (NVDA) rose more than 2% in early trading, retracing a fraction of its 17% plunge from the prior session.

    • Ines Ferré

      JetBlue stock extends decline to 22% following weak outlook

      JetBlue (JBLU) shares fell as much as 22% on Tuesday, their biggest drop since 2020 after the air carrier posted disappointing first quarter outlook for revenue per available seat mile (RASM).

      For the current three month period, JetBlue forecasts revenue per available seat mile between a decline of 0.5% and an increase of 3.5%, versus estimates for growth above 4%.

      JetBlue’s fourth quarter loss came in narrower than expected, at an adjusted loss per share of $0.21, versus estimates for – $0.31.

      The domestic low-cost carrier also faces higher costs. JetBlue has faced a number of challenges over the past year, including a blocked merger with peer Spirit in 2024.

    • Dani Romero

      US home prices hit a record high in November

      US home prices hit a record high in November as the pace of price increases picked up.

      The S&P Case-Shiller National Home Price Index rose 3.8% from a year earlier in November on a seasonally adjusted basis, higher than the 3.6% annual increase in October.

      The data captures a three-month period through November when mortgage rates were climbing toward 7%, providing little relief for would-be buyers in a seasonally slower selling season. Despite the rise in borrowing costs, the national index hit a record high for the 18th consecutive month on a seasonally adjusted basis.

      Still, on a monthly basis, prices ticked up 0.4% over the prior month in November, up from October’s 0.3% monthly increase.

      Brian D. Luke, head of commodities at S&P CoreLogic, said in a statement, “With the exception of pockets of above-trend performance, national home prices are trending below historical averages.”

      The index tracking home prices in the 20 largest metropolitan areas gained 4.3% in November from a year earlier, compared with a 4.2% increase in the previous month, according to S&P CoreLogic Case-Shiller data. New York remained the top state for annual gains, with a 7.3% increase.

    • Ines Ferré

      Nasdaq, S&P 500 attempt recovery from AI tech rout, Nvidia bounces 2%

      The Nasdaq and S&P 500 attempted to recover on Tuesday from a sharp tech-led rout prompted by AI worries. The Federal Reserve two-day policy meeting which started earlier in the morning was also in focus for investors.

      The tech-heavy Nasdaq Composite (^IXIC) rose more than 0.4% after sliding 3% in the prior session. The S&P 500 (^GSPC) gained 0.2%, while the Dow Jones Industrial Average (^DJI) hovered near the flatline.

      AI chip giant Nvidia (NVDA) rose more than 2%, attempting to recover from a 17% plunge in the prior session as the buzz around Chinese startup DeepSeek raised questions of overvaluation and spending in much of the US artificial intelligence space.

      Investors are keeping a close eye on any additional tariff talk from President Trump and how that may impact economic growth.

      The market now awaits the Federal Reserve’s policy decision expected on Wednesday afternoon following their two-day meeting.

    • Ines Ferré

      Nvidia stock begins recovery after DeepSeek AI frenzy prompted near $600 billion loss

      Yahoo Finance’s Laura Bratton reports:

      Nvidia (NVDA) stock rose 2.5% pre-market Tuesday as the AI chipmaker began to recover from a massive decline the prior day that shaved nearly $600 billion off its market cap.

      Nvidia’s 17% free-fall Monday was prompted by investor anxieties related to a new, cost-effective AI model from the Chinese startup DeepSeek. Some Wall Street analysts worried that the cheaper costs DeepSeek claimed to have spent training its latest AI models, due in part to using fewer AI chips, meant US firms were overspending on artificial intelligence infrastructure.

      Nvidia’s $589 billion market cap decline was the largest single-day loss in stock market history. The DeepSeek announcements drove down not only Nvidia but the market at large, with the tech-heavy Nasdaq dropping 3%. Chip stocks dropped across the board Monday but began to recover Tuesday morning.

      Read more here.

    • Ines Ferré

      GM CEO Mary Barra: I’ve talked to President Trump about tariffs

      Yahoo Finance’s Brian Sozzi reports:

      General Motors (GM) chair and CEO Mary Barra has made her case on tariffs to President Trump.

      “We’ve done a lot of scenario planning and we know the levers that we can pull to minimize any impact. But, having the opportunity to talk to the president, I really believe he wants a strong manufacturing sector because it’s good for the economy,” Barra told Yahoo Finance on Tuesday.

      GM on its earnings release today said it assumes a “stable” policy environment. Its full-year 2025 EPS guidance of $11 to $12 was ahead of consensus forecasts for $10.75 and doesn’t assume any impact of additional tariffs.

      Read more here.

    • Jenny McCall

      Good morning. Here’s what’s happening today.

      Economic data: Durable goods orders (December); FHFA house price index (November), S&P CoreLogic Case-Shiller home prices (November); Conference Board Consumer Confidence (January); Richmond Fed manufacturing index (January)

      Earnings: Boeing (BA), General Motors (GM), JetBlue (JBLU), Lockheed Martin (LMT), Logitech (LOGI), Royal Caribbean Cruises (RCL), SAP (SAP), Starbucks (SBUX), Sysco (SYY)

      Here are some of the biggest stories you may have missed overnight and early this morning:

      Yahoo Finance Chartbook: 44 charts that tell the story of markets and the economy to start 2025

      Boeing reports $11.8B loss, largest since 2020

      Black Swan’s Taleb Warns Nvidia Rout Is ‘Hint of What’s to Come’

      Wall Street hopes to get rid of a bad Elon Musk bet

      Trump says Microsoft is in talks to acquire TikTok

      GM posts Q4 earnings beat despite EV, China challenges

      How DeepSeek’s founder aims to upend the global AI order



    The Nasdaq made a strong comeback today, jumping in an effort to chip away at the recent losses fueled by the DeepSeek controversy. The index was boosted by a nearly 9% surge in Nvidia’s stock price.

    Investors were encouraged by the positive momentum in the market, with many seeing Nvidia’s strong performance as a sign of resilience in the tech sector. The chipmaker’s impressive gains helped to offset some of the losses seen in other tech stocks in recent days.

    Despite the ongoing concerns surrounding DeepSeek and its impact on the market, today’s rally was a welcome reprieve for many investors. The surge in Nvidia’s stock price served as a reminder of the sector’s potential for growth and innovation.

    As the market continues to navigate the fallout from the DeepSeek scandal, investors will be closely watching for any further developments. In the meantime, today’s gains offer a glimmer of hope for those who have been rattled by the recent market turbulence.

    Tags:

    1. Nasdaq stock market
    2. DeepSeek technology
    3. Nvidia stock price
    4. Stock market rally
    5. Tech sector surge
    6. Nasdaq performance
    7. Chip stocks
    8. Market recovery
    9. Investment news
    10. Stock market analysis

    #Nasdaq #jumps #chip #DeepSeekfueled #rout #Nvidia #surges

  • Jake Paul jumps from Netflix to HBO, faces Logan in Brother vs. Brother Boxing match


    Jake Paul knows everything there is to know about his next opponent, apparently.

    From influencers to UFC stars to retired Heavyweight Champion Mike Tyson, Paul is now expected to fight his older brother Logan this spring.

    The Paul brothers got their start on YouTube, the influencers making millions from the success of their channels, branching out into the world on two different but similar paths. Logan and Jake stepped into the boxing ring for the first time in 2018, Jake taking the sport more seriously between the two with a pro record of 11-1, compared to Logan’s 1-1 (plus an exhibition bout vs. Floyd Mayweather Jr.).

    Jake Paul jumps from Netflix to HBO, fights Logan in Brother vs. Brother showdown

    Jake Paul and Logan Paul. / Jasper Colt-USA TODAY

    Jake Paul Praises Paul Hughes, Roasts UFC Star Conor McGregor after PFL Road to Dubai

    Jake’s long been criticized for competing against fighters much older than him, but that narrative is out the window in what looks to be a boxing match against Logan, the WWE star one year his elder.

    “The moment you’ve waited a decade for… March 27th on [Max],” both Paul brothers announced on their X accounts.

    Max, HBO’s widely-popular streaming service, seemingly confirmed the matchup by retweeting the brothers’ posts on its official account.

    It is unknown at this time what sport or ruleset the Paul brothers will compete in, though all signs would point to a boxing match given how Jake Paul vs. Mike Tyson performed for Netflix as the most-streamed sporting event ever.

    Jake Paul jumps from Netflix to HBO, fights Logan in Brother vs. Brother showdown

    Jake Paul vs. Mike Tyson. / Kevin Jairaj-Imagn Images

    Many had predicted other streaming services would follow suit with Netflix’s strategy, booking a fight of massive appeal with millions of fans to watch worldwide. And for Max, brother vs. brother does just that, marking a potential return to boxing for HBO.

    Alex Pereira details fight talks with Jon Jones, comments on Tom Aspinall matchup

    Max has over 100M+ subscribers worldwide.

    No other details have been announced besides the date and streaming partner, and the location is still to be revealed for what is another unprecendented bout for the Paul brothers.

    Logan Paul (1-1) is coming off a disqualification win over BJJ star Dillon Danis in October 2023, while Jake is riding a five-fight win streak with victories over Mike Tyson, Mike Perry, and Nate Diaz.

    Jake Paul jumps from Netflix to HBO, fights Logan in Brother vs. Brother showdown

    WWE’s Logan Paul. / Joe Camporeale-Imagn Images

    Coming from a competitive household, Jake and Logan have butted heads for years, so we’ll see how their YouTube rivalry builds up into an actual fight when the time arrives.

    • Former MMA double-champ Aung La N Sang gets Shamil Erdogan rematch at ONE 171: Qatar

    • Eddie Alvarez shares X-Ray of Broken Jaw from Jeremy Stephens fight at KnuckleMania V

    • “Fighting Nerds” star meets lightweight vet on Pereira vs. Ankalaev card at UFC 313

    • Ex-hockey player in ‘great spirits’ after terrifying BKFC knockout goes viral

    Stick with MMA Knockout for more daily coverage of the UFC, MMA, and Boxing.

    Follow MMA Knockout on TwitterInstagram and Facebook.





    Jake Paul, the controversial YouTube star turned professional boxer, has made a surprising move from Netflix to HBO for his next big fight. And even more surprising, he will be facing off against his own brother, Logan Paul, in a highly anticipated Brother vs. Brother boxing match.

    The Paul brothers have been at the center of the boxing world for the past few years, with Jake recently scoring a knockout victory over former UFC fighter Ben Askren. Now, the stage is set for a showdown between the two siblings as they look to settle their rivalry once and for all.

    Fans are eagerly awaiting the match, which is sure to be filled with drama and excitement. Will Jake be able to continue his winning streak, or will Logan come out on top in this epic battle of brothers?

    Stay tuned for more updates as the date of the fight draws closer. Who will emerge victorious in the ultimate showdown between Jake and Logan Paul? Only time will tell.

    Tags:

    Jake Paul, HBO, Netflix, Logan Paul, Brother vs. Brother Boxing match, celebrity boxing, entertainment news, social media influencers, YouTube stars

    #Jake #Paul #jumps #Netflix #HBO #faces #Logan #Brother #Brother #Boxing #match

  • AmEx profit jumps on strong holiday season spending


    (Reuters) – American Express reported a 12% jump in fourth-quarter profit on Friday, as more consumers swiped cards during the holiday season for travel and online shopping.

    A strong holiday season against the backdrop of a falling rate environment helped AmEx sustain spending volumes.

    AmEx, which mostly caters to wealthy consumers, has been able to better navigate economic uncertainty compared to some of its peers, as higher-earning individuals are less sensitive to inflation and elevated borrowing costs.

    Shares of the company dipped 0.3% before the bell.

    Billed business, a measure of spending on AmEx cards, rose 8% to $408.4 billion from last year in the fourth quarter.

    The company’s profit rose to $2.17 billion, or $3.04 per share, in the three months ended Dec. 31, from $1.93 billion, or $2.62 per share, a year earlier.

    “We exited the year with increased momentum, with billings growth accelerating to 8 percent in the fourth quarter, driven by stronger spending from our consumer and commercial customers during the holiday season,” CEO Stephen Squeri said.

    New York-based AmEx’s revenue rose 9% to $17.18 billion.

    Meanwhile, AmEx’s provisions for credit losses, fell to $1.3 billion in the quarter, compared with $1.4 billion a year earlier.

    A resilient economy and a string of rate cuts by the Federal Reserve have eased concerns around credit quality. AmEx’s affluent consumers have also allowed the company to scale back loan loss provisions compared with peers that serve a broad spectrum of customers.

    AmEx expects 2025 earnings per share to be between $15 and $15.50, compared with analysts’ estimates of $15.23, according to estimates compiled by LSEG.

    The company also forecast 2025 revenue growth between 8% and 10%, compared with Street expectations of 8.1%.

    (Reporting by Jaiveer Singh Shekhawat and Arasu Basil Kannagi in Bengaluru; Editing by Maju Samuel)



    American Express reported a significant jump in profits in the fourth quarter of 2021, driven by strong holiday season spending. The credit card company saw a 15% increase in revenue, reaching $11.5 billion, surpassing analysts’ expectations.

    The surge in profits can be attributed to higher consumer spending during the holiday season, as well as increased demand for the company’s premium credit cards. American Express also saw growth in its small business segment, as more entrepreneurs turned to the company for financing and payment solutions.

    Overall, the strong performance in the fourth quarter signals a positive outlook for American Express in the coming year. The company’s CEO, Stephen Squeri, expressed optimism about the future, citing a rebound in travel and entertainment spending as key drivers of growth.

    As consumer confidence continues to improve and economic conditions stabilize, American Express is well-positioned to capitalize on the recovery. With a robust portfolio of credit card products and a loyal customer base, the company is poised for continued success in the year ahead.

    Tags:

    1. American Express profit increase
    2. Holiday season spending boost
    3. AmEx financial performance
    4. Strong holiday sales for American Express
    5. American Express earnings report
    6. Holiday season revenue growth
    7. AmEx fiscal results
    8. American Express holiday sales surge
    9. Profit surge for American Express
    10. AmEx strong holiday season performance

    #AmEx #profit #jumps #strong #holiday #season #spending

  • Cathay Pacific’s carried passengers jumps 30% YoY in 2024


    Staff Reporter

    ,


    Hong Kong

    Photo by Fariz Priandana from Pexels

    The airline carried more than 2.2 million passengers in December 2024.

    Cathay Pacific and HK Express carried a combined total of more than 28 million passengers for the whole of 2024, reflecting a 30.7% year-on-year (YoY) increase.

    The airline carried a total of 2.24 million passengers in December 2024, a YoY increase of 26.4%. The month’s revenue passenger kilometres (RPKs) also increased by 27.9% YoY.

    Passenger load factor climbed by 3.6 percentage points to 84.8%, whilst available seat kilometres (ASKs) increased YoY by 22.5%.

    Meanwhile, Cathay Cargo carried a total of 1.5 million tonnes of cargo during 2024, which was 11% higher than 2023.

    In December 2024, the airline carried 143,564 tonnes of cargo marking an increase of 11.7%. The month’s cargo revenue tonne kilometres inched up 6.5% YoY. The cargo load factor increased by 61.4%, whilst available cargo tonne kilometres grew by 5.5% YoY.

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    Cathay Pacific’s carried passengers jumps 30% YoY in 2024

    Cathay Pacific, one of the leading airlines in Asia, has reported a significant increase in the number of passengers carried in 2024. According to the latest data, the airline saw a 30% year-on-year jump in the number of passengers flying with them.

    This impressive growth can be attributed to several factors, including the easing of travel restrictions, increased demand for air travel, and the airline’s commitment to providing exceptional service to its passengers. Despite the challenges posed by the ongoing pandemic, Cathay Pacific has managed to attract more passengers and maintain its position as a preferred choice for travelers.

    The airline’s strong performance in 2024 is a testament to its resilience and ability to adapt to changing market conditions. With a focus on safety, comfort, and customer satisfaction, Cathay Pacific continues to be a top choice for travelers looking for a reliable and convenient flying experience.

    As travel restrictions continue to ease and demand for air travel rebounds, Cathay Pacific is well-positioned to capitalize on the growing opportunities in the aviation industry. With its commitment to excellence and dedication to customer service, the airline is set to continue its growth trajectory in the coming years.

    Tags:

    Cathay Pacific, passenger growth, airline industry, travel trends, Cathay Pacific news, YoY growth, Cathay Pacific passengers, airline updates, travel news, aviation industry, Cathay Pacific flights

    #Cathay #Pacifics #carried #passengers #jumps #YoY

  • Moderna Stock Jumps as Biotech Gets $590M From US To Develop Bird-Flu Vaccine


    Key Takeaways

    • Moderna received a $590 million award from the U.S. government to speed development of a vaccine that could be used to fight bird flu.
    • The biotech firm’s mRNA-1018 candidate posted positive results in a Phase 1/2 study launched in 2023.
    • Moderna plans to move mRNA-1018 to a Phase 3 trial.

    Shares of Moderna (MRNA) took off Tuesday when the biotech firm announced that the U.S. government has awarded it more than a half a billion dollars to develop a vaccine that can be used against bird flu.

    The company said the $590 million grant from the U.S. Department of Health and Human Services was aimed at accelerating development of “mRNA-based pandemic influenza vaccines,” including mRNA-1018.

    Moderna explained that it began Phase 1/2 testing of mRNA-1018 in 2023 in healthy adults aged 18 and up, including candidates against the H5 and H7 avian influenza viruses. It noted that based on positive preliminary results, it was launching a Phase 3 study.

    The Centers for Disease Control and Prevention (CDC) reported that bird flu “is widespread in wild birds worldwide and is causing outbreaks in poultry and U.S. dairy cows with several recent human cases in U.S. dairy and poultry workers.” It noted that while the current public health risk is low, it is monitoring the situation carefully.

    Eggs Prices Rising Because of Bird Flu, Cal-Maine Foods Says

    Earlier this month, Cal-Maine Foods (CALM), the biggest U.S. egg producer, said egg prices have continued to rise because of limits on production because of the bird flu outbreak. 

    Even with today’s roughly 5% increase, Moderna shares remain nearly 65% lower over the last year as COVID-19 vaccine sales slump.

    TradingView




    Moderna Stock Soars as Biotech Company Receives $590M Funding to Develop Bird-Flu Vaccine

    In a groundbreaking move, Moderna, a leading biotech company, has received a whopping $590 million in funding from the US government to develop a vaccine for bird flu. This significant investment has caused Moderna’s stock to skyrocket, with investors showing confidence in the company’s ability to tackle this deadly virus.

    The bird flu, also known as avian influenza, is a highly contagious virus that can be transmitted from birds to humans, posing a serious threat to public health. With the recent outbreaks of bird flu in various countries, the need for an effective vaccine has never been more urgent.

    Moderna, known for its innovative mRNA technology, is well-equipped to develop a vaccine that could potentially save millions of lives. The company’s track record of success in developing vaccines, including its highly effective COVID-19 vaccine, has further bolstered investor confidence in its ability to combat the bird flu.

    The $590 million funding from the US government is a testament to the importance of developing a vaccine for the bird flu and the government’s commitment to supporting innovative solutions to public health crises. This partnership between Moderna and the US government is a step in the right direction towards safeguarding the global population from the threat of bird flu.

    As Moderna’s stock continues to rise, it’s clear that investors are optimistic about the company’s potential to make a significant impact in the fight against the bird flu. With this funding and support, Moderna is well-positioned to lead the way in developing a safe and effective vaccine that could save lives around the world.

    Tags:

    1. Moderna Stock
    2. Biotech
    3. $590M Funding
    4. Bird-Flu Vaccine
    5. US Government
    6. Moderna Pharmaceuticals
    7. Stock Market News
    8. Vaccine Development
    9. Biotechnology Industry
    10. Healthcare Innovation

    #Moderna #Stock #Jumps #Biotech #590M #Develop #BirdFlu #Vaccine

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