Author: Daniel Wilson

(Bloomberg) — After a lifetime of dealmaking, 96-year-old Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet. Most Read from Bloomberg Under pressure from the Trump administration over two ports at the Panama canal controlled by CK Hutchison Holdings Ltd., Li’s company announced a plan to sell off the bulk of its global ports business to a consortium led by BlackRock Inc. In return, the Hong Kong firm will receive cash proceeds of more than $19 billion. Investors, and even some of CK Hutchison’s closest advisers, were surprised that what began with two…

Veeva Systems (NYSE:VEEV) Beats Q4 Sales Targets, Stock Soars Healthcare software provider Veeva Systems (NASDAQ:VEEV) reported Q4 CY2024 results exceeding the market’s revenue expectations , with sales up 14.3% year on year to $720.9 million. The company expects next quarter’s revenue to be around $727.5 million, close to analysts’ estimates. Its non-GAAP profit of $1.74 per share was 10.1% above analysts’ consensus estimates. Is now the time to buy Veeva Systems? Find out in our full research report. Revenue: $720.9 million vs analyst estimates of $699.1 million (14.3% year-on-year growth, 3.1% beat) Adjusted EPS: $1.74 vs analyst estimates of $1.58…

Sleep Number (NASDAQ:SNBR) Misses Q4 Revenue Estimates, Stock Drops Bedding manufacturer and retailer Sleep Number (NASDAQ:SNBR) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 12.3% year on year to $376.8 million. Its GAAP loss of $0.21 per share was 10.6% above analysts’ consensus estimates. Is now the time to buy Sleep Number? Find out in our full research report. Revenue: $376.8 million vs analyst estimates of $389.7 million (12.3% year-on-year decline, 3.3% miss) EPS (GAAP): -$0.21 vs analyst estimates of -$0.24 (10.6% beat) Adjusted EBITDA: $26.21 million vs analyst estimates of $28.9 million (7% margin, 9.3% miss)…

(Bloomberg) — Across financial markets, America is no longer first. Most Read from Bloomberg Just weeks ago, investors were hailing Donald Trump’s return to the White House as a reason to bet that his blend of tax cuts and tariffs would supercharge economic growth, in turn boosting US stocks and the dollar at the expense of international peers. The so-called Trump trades were on. Now that mood has quickly soured. The president’s on-again-off-again trade war, aggressive posture toward Ukraine and a wave of Elon Musk-driven government cuts have united with a suddenly weakening economy to undermine sentiment. The Trump bump…

The Federal Reserve cut its target rate three times in 2024. So deposit rates — including money market account (MMA) rates — have started falling. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. The national average money market account rate stands at 0.64%, according to the FDIC. Even so, some of the top accounts are currently offering rates of 4% APY and up. Since these rates may not be around much longer, consider opening a money market account now to take advantage of today’s high rates. Here’s a…

Brandon Bell / Staff / Getty Images The latest Consumer Price Index due Wednesday will show whether inflation eased in February. Jobs data and consumer sentiment surveys are also scheduled for release this week. Oracle and Adobe are set to report earnings, along with Dick’s Sporting Goods, Ulta Beauty, Dollar General, and more. The latest reports on inflation, jobs, and consumer sentiment could be in the spotlight this week, with Wednesday’s release of the Consumer Price Index (CPI) offering a key update on price pressures in February. Investors will also be watching for scheduled earnings reports from tech giants Oracle…

(Bloomberg) — Global fund managers are in no rush to load up on Indian stocks even after an unprecedented losing streak has lowered equity valuations. Most Read from Bloomberg That’s because the market is still grappling with challenges posed by an economic slowdown, profit downgrades and potential US tariffs. Traders looking for bargains within Asia are gravitating toward still-cheap Chinese equities, which are in the middle of a bull run sparked by developments in artificial intelligence. The sentiment illustrates how the highly touted stock rotation from China to India has gone into reverse as growth in the South Asian economy…

(Bloomberg) — Hon Hai Precision Industry Co. posted a 25% rise in revenue during the first two months of 2025, quickening from last year in a reflection of expanding demand for AI computing. Most Read from Bloomberg The main supplier of Nvidia Corp. AI servers and Apple Inc. iPhones, also known as Foxconn, reported sales of NT$1.1 trillion ($33.5 billion) for January and February. That’s an acceleration from the 11% growth pace it clocked in 2024. Analysts on average project a revenue increase of 22% to NT$1.6 trillion for the first quarter. The quickening follows Nvidia’s disclosure last week of…

(Bloomberg) — An unprecedented accumust weekation of power in Indonesia’s corporate st weekandscape is fueling investor concern about political influence and transparency in Southeast Asia’s biggest equity market. Most Read from Bloomberg Newly launched sovereign wealth fund Danantara — which has a direct reporting line to President Prabowo Subianto — announced last month it would take over management of seven state-owned enterprises. Its holdings include three of the nation’s biggest banks, with total assets of more than $340 billion. Worries about the deal sent shares tumbling by the most in weeks, pressuring a stock market that’s already one of the…

(Bloomberg) — Equities and Treasury yields fell on Monday as concerns about the health of the US economy weighed on investors’ appetite for risk. Most Read from Bloomberg A gauge of Asian shares dropped as equity futures contracts for the S&P 500 declined 0.4% and those for the tech-heavy Nasdaq 100 also fell. Treasury yields slipped across maturities as investors sought the safety of fixed income assets. The shift toward havens lifted both the yen and the Swiss franc, while a gauge of the dollar held just shy of its lowest since November as confidence in further US economic outperformance…