Stock Market

Losses on Ford’s EV segment more than doubled last year and the company strengthens its focus on hybrids

Palantir (PLTR.us), the maker of defensive software, surged close to 31% yesterday after the company beat Q4 earnings expectations, with the stock closing at $21.87. This is the company’s largest one day percentage gain on record. In the past the market had concerns about future deals with the government, but this has been overlooked with the market positively receiving the company’s success in its commercial deals for its analytics software.

The three media giants announced an agreement to combine their sports offerings into a new streaming service, in a move that could shape the streaming market, as sports programming is becoming increasingly important

Watch today’s US Open for insights on the EUR/USD fall from the reserved Fed and the strong NFPs, Meta’s blockbuster results, renewed regional banking fears and more

The US lender announced a 71% reduction in dividend and a rare net loss in Q4 due to higher provision for credit losses, reigniting fears around regional banks nearly a year after the Silicon Valley Bank failure

Intel Stock gapped down on 26 January following the chip makers outlook for Q1 2024, which lagged analysts’ forecasts. However, it is notable that the company’s stock price nearly doubled in 2023, surging by 91%.

The social media giant delivered another blowout quarter on the back of higher ad sales, its main revenue generator, which is also helped by the AI push

Microsoft (MSFT.us) delivered $2.93 EPS on a revenue of $62.02 billion for the quarter ended 31 December 2023. This is ahead of Wall Street estimates of $2.77 EPS and $61.1 billion. In effect, the company’s earnings increased 33% on a year-over year basis and sales increased by 18%.

The index is cautious around record highs, awaiting the Fed’s policy decision and quarterly results from tech giants like Microsoft, Meta and Apple

The French index rises after Ms Lagarde stood by recent comments for summer rate cuts, while luxury giant LVMH posted strong 2023 results

Jensen Huang, Nvidia’s CEO, acknowledged that the demand for artificial intelligence chips is booming. According to reporters in Taiwan, he said that AI is a “rebirth of the industry” with this year as “a huge year.”