Author: Fiona Craig
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McDonald’s Shares Jump As Fourth-quarter Comparable Sales Exceed Estimates
Fast food giant McDonald (NYSE:MCD) saw its shares rise 4.9% on Monday after its results showed comparable sales topped average analysts estimates for the fourth quarter. The company’s international licensed markets business was boosted by strength in the Middle East and Japan. In the quarter ending December 31, global sales increased by 0.4%. This was…
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ChatGPT CEO Rejects Elon Musk-led $97bn Bid
A consortium of investors led by Elon Musk offered $97 billion to take over OpenAI, the maker of ChatGPT, but the offer was rebuffed but CEO Sam Altman. Musk’s attorney, Marc Toberoff, confirm he had submitted a bid to its board for “all assets” of the tech company on Monday. In response, Altman posted on…
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U.S. Steel and Aluminum Company Shares Rise On Trump’s Tariffs
U.S. President Trump’s announcement on Monday morning that he plans to impost new 25% tariffs on steel and aluminum imports have boosted shares of U.S. producers, but shares of producers overseas fell as traders worried about reduced demand and disrupted flows. American Iron and Steel Institute data shows that Canada is the dominant supplier of…
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Lyft Shares Up On Plans To Launch Mobileye-powered Robotaxis ‘As Soon As 2026’
U.S. ride-hailing company Lyft (NASDAQ:LYFT) plans to launch fully autonomous robotaxis powered by Mobileye, adding them to its app for use in Dallas “as soon as 2026”, reported by TechCrunch on Monday. The Mobileye-equipped vehicles will be owned and financed by Marubeni, a Japanese conglomerate with experience managing fleets. Shares of Lyft rose as much…
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Oil Prices Gush Higher As Investors Ponder New US Tariffs
Oil prices are up on Monday morning as investors digest the latest tariff threat issued by U.S. President Trump. He announced that all steel and aluminum imports would be subject to 25% tariffs. This comes just a week after he announced tariffs on Canada, Mexico and China, then suspended those for the neighboring countries the…
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Gold Prices Hit Record High As New Trump Tariff Announcement Increases Demand For Safe Haven
Gold prices were pushed to record high levels on Monday after U.S. President Trump announced further trade tariffs on imports of aluminum and steel. Spot gold rose 1.1% to a record high $2,892.30 an ounce, while gold futures expiring in April rose 0.9% to $2,916.05 an ounce. On Sunday, Trump announced he will impose 25%…
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Farmer Bros Earnings Spur Shares Up 54%
Coffee company Farmer Bros (NASDAQ:FARM) saw its shares surge 54% after reporting its second quarter earnings were better than expected, despite revenue being slightly lower than anticipated. The coffee roaster and distributor posted adjusted earnings per share of $0.01, which beats analysts estimates of a $0.09% loss per share. The company report net sales of…
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Pinterest Shares Jump 20% As AI-Powered Tools Boost Revenue Forecast
Social media company Pinterest (NYSE:PINS) forecast on Friday that its first-quarter revenue would be higher than estimated, with its AI-powered tools increasing ad spend on the image sharing platform. The company’s first-quarter revenue forecast of $837 million to $852 million was above analysts’ average estimate of $832.8 million. Its adjusted core earnings forecast of $155…
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Amazon Misses Earnings Expectations, Shares Plunge
Tech giant Amazon’s (NASDAQ:AMZN) cloud computing arm has missed its revenue expectations, which raises concern about the tech company’s investment in AI. The company announced on Thursday that its cloud division, Amazon Web Services, reported reported a fourth-quarter revenue of $28.7bn (£23.1bn), which was slightly below Wall Street forecasts of $28.84bn. Investors were disappointed by…
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Eli Lilly Stock Price Rises As Profits Exceed Expectations
Drug manufacturer Eli Lilly (NYSE:LLY) announced today that Revenue in the fourth quarter rose 45% to $13.53 billion, driven by volume growth from Mounjaro and Zepbound, versus the consensus of $13.78 billion. The company said it expects to report 2025 income per share of $22.50 to $24.00 in 2025, compared with analysts’ estimates of $22.86 per…