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U.S. Labor Productivity Jumps More Than Expected in Fourth Quarter
A separate report from the U.S. Department of Labor released Thursday showed that labor productivity increased far more than economists had anticipated in the fourth quarter of 2025. The department said productivity rose by 2.8% during the quarter, following a sharply higher, upwardly revised gain of 5.2% in the third quarter. Economists had expected productivity…
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U.S. Import Prices Rise Slightly More Than Expected in January
Data released Thursday by the U.S. Department of Labor showed that import prices rose slightly more than economists had anticipated in January. According to the report, import prices increased by 0.2% during the month, matching December’s gain after that figure was revised higher. Economists had forecast a smaller rise of 0.1%. The report also indicated…
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U.S. Jobless Claims Hold Steady at 213,000 Ahead of Key Payrolls Report
New data from the U.S. Department of Labor released Thursday showed that the number of Americans filing for unemployment benefits for the first time remained steady in the latest reporting week. Initial jobless claims totaled 213,000 for the week ending February 28, matching the revised figure from the previous week. Economists had anticipated a slight…
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Wall Street Futures Indicate Lower Start to Trading: Dow Jones, S&P, Nasdaq
U.S. stock index futures suggest a weaker opening for Wall Street on Thursday, with markets expected to pull back after the major benchmarks finished the previous session mostly higher. Rising energy costs are likely to weigh on investor sentiment, as crude oil prices resumed their upward surge after closing only slightly higher on Wednesday. Oil’s…
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Okta shares climb after fourth-quarter earnings beat expectations
Okta Inc (NASDAQ:OKTA) shares moved higher in U.S. premarket trading on Thursday after the company reported fourth-quarter results that came in above market expectations. The stock gained about 2.4% ahead of the opening bell on Wall Street, reversing earlier declines. The identity management specialist reported adjusted earnings per share of $0.90, exceeding the analyst consensus…
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Broadcom tops expectations, forecasts $10.7 bln in AI chip revenue; shares climb
Broadcom (NASDAQ:AVGO) shares surged more than 6% in U.S. premarket trading on Thursday after the artificial intelligence chipmaker reported quarterly results that beat expectations on both revenue and profit, while issuing stronger-than-anticipated guidance for the current quarter. The company also unveiled a new share repurchase authorization of up to $10 billion. For its fiscal first…
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Ferrari Group posts 3% revenue growth to €359.4m in FY25
Ferrari Group Plc (NYSE:RACE) reported preliminary full-year 2025 revenue of €359.4 million on Thursday, representing a 3.0% increase compared with the previous year, though the figure came in slightly below analyst forecasts of €360.6 million. On a constant currency basis, revenue grew 4.8%, falling short of the company’s medium-term growth target of 6% to 8%.…
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Robinhood unveils platinum credit card targeting affluent customers
Robinhood Markets Inc (NASDAQ:HOOD) on Wednesday introduced a new credit card designed for higher-income clients, marking another step in the company’s push to expand beyond its core trading platform and broaden its financial services offering. The company said the new Platinum card will carry an annual fee of $695 and will be issued through Visa…
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Tesla UK registrations slump in February while BYD records strong growth
Tesla Inc. (NASDAQ:TSLA) experienced a sharp decline in UK vehicle registrations in February, with sales falling 45.2% year over year to 2,208 units, according to figures released Wednesday by New Automotive. In contrast, Chinese electric vehicle manufacturer BYD Company Limited (USOTC:BYDDY) expanded its presence in the UK market, posting a 40.9% rise in sales to…
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JD.com Q4 earnings miss forecasts as revenue broadly meets expectations
JD.com (NASDAQ:JD) reported fourth-quarter earnings that fell short of analyst forecasts, while revenue was largely in line with market expectations. The company’s shares slipped slightly in U.S. premarket trading following the announcement. The Chinese online retail group reported earnings per share (EPS) of RMB0.57 for the quarter, below the consensus estimate of RMB0.67. Revenue increased…