Author: Daniel Wilson
(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) — The tariff throwdown between Donald Trump and Justin Trudeau has slowed Canadian corporate bond sales to a trickle over the past week as investors demand a higher premium to hold loonie debt. Most Read from Bloomberg The US president’s looming 25% tariff on Canadian goods — which briefly took effect last week before being paused until April — threatens to send the Canadian economy spiraling into a recession, spurring job losses and price spikes that fuel inflation. Canada’s vulnerability in the trade war has bubbled up in a credit market that has historically been largely indifferent to macro…
(Bloomberg) — Michael Saylor is stepping up plans to tap capital markets to accelerate Strategy’s Bitcoin buying binge, saying the firm will issue up to $21 billion of preferred stock and use the proceeds to buy more of the cryptocurrency. Most Read from Bloomberg The 8% series A perpetual-strike preferred shares, which are convertible into class A common stock, will be sold in an “at the market offering” program, the company said in a press release on Monday. The sales of preferred stock— rare, debt-like securities — would build on a deal the company struck in January when it raised…
(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…
ThredUp (NASDAQ:TDUP) Misses Q4 Sales Targets Online fashion resale marketplace ThredUp (NASDAQ:TDUP) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 17.4% year on year to $67.27 million. On the other hand, next quarter’s outlook exceeded expectations with revenue guided to $68.5 million at the midpoint, or 4.7% above analysts’ estimates. Its GAAP loss of $0.19 per share was significantly below analysts’ consensus estimates. Is now the time to buy ThredUp? Find out in our full research report. Revenue: $67.27 million vs analyst estimates of $68.93 million (17.4% year-on-year decline, 2.4% miss) EPS (GAAP): -$0.19 vs…