IEA revises 2025 global oil demand outlook to 1.05 million barrels per day, citing economic recovery and lower fuel prices. OPEC projects higher growth.
Detroit Lakes, MN - Tree Removers, LLC, a leading provider of professional tree care services, has launched a new website to enhance customer experience and accessibility. The website is a central hub of information for property owners seeking reliable and expert tree service in Detroit Lakes, MN, and the surrounding areas, including Pelican Rapids, MN.
Uber shares are trading higher by 3.1% during Wednesday's session. The December inflation report has reduced concerns about the Federal Reserve's aggressive stance on interest rates.
The graphite sourcing deal will support Ultium Cells LLC, GM's battery manufacturing joint venture with LG Energy Solution, and may also extend to other GM ventures.
Middlebury, CT - Mr. Treeman Tree Services, a trusted provider of professional tree care, announces the launch of its new website, designed to streamline access to its expert tree service in Middlebury, CT, and surrounding areas. The updated website provides a comprehensive look at the company’s offerings, helping homeowners and businesses maintain safe, healthy, and visually appealing properties.
Marvell Technology shares are trading higher by 1.4% during Wednesday's session. The stock is higher amid the broader market's positive reaction to December inflation data.
Kenosha, WI – Contact Limo LLC, a trusted provider of limo service to O’Hare, is experiencing increased demand as travelers look for stress-free airport transportation amid ongoing construction at Chicago O’Hare International Airport (ORD). With its professional chauffeurs, spacious luxury SUVs, and 24/7 O’Hare airport shuttle service, Contact Limo LLC continues to be the preferred choice for families, business professionals, and event-goers seeking seamless, reliable, and affordable transportation.
Denali Therapeutics showcases its BBB platform at J.P. Morgan Conference, highlighting DNL310's Hunter syndrome progress and plans for commercialization.
Scholar Rock aims for a 2025 launch of apitegromab in SMA, expecting $2 billion in global revenue and significant growth from upcoming trials and favorable data.
BIO-Key International shares are moving higher on Wednesday after the company announced that the National Bank of Egypt is deploying its PortalGuard Platform.
Morpheus introduced a $10 million rewards program in its token (MOR) to incentivize developers to contribute to its decentralized AI platform, aiming to create a diverse ecosystem.
The FTC alleged in its complaint that GoDaddy did not implement reasonable security measures against threats and misled customers about the data security measures it had enabled on its platform.
Ultragenyx forecasts 2024 revenue above estimates, highlights confidence in setrusumab trial progress, and outlines plans for regulatory filings in 2025.
Shares of fresh produce company Calavo Growers (NASDAQCVGW)
fell 9.4% in the morning session after the company reported underwhelming fourth quarter results. EBITDA missed significantly and its gross margin fell short of Wall Street's estimates. The company blamed both higher fruit costs as well as higher compensation expenses. On the other hand, revenue came in ahead of expectations, though sales declined in absolute terms relative to the previous year. Overall, this quarter could have been better.
Shares of work management software maker Asana (NYSEASAN)
jumped 9% in the morning session as the major indices soared (Nasdaq +1.9%, S&P 500 +1.6%) after the Bureau of Labor Statistics reported that core CPI (Consumer Price Index - a measure of inflation which strips out volatile food and energy prices) for December 2024 came in better than expected, rising 3.2% year over year, compared to the consensus estimate for a 3.3% increase. This means that PPI and CPI both came in slightly below expectations. It is important because the results take additional rate hikes off the table, which some investors and market participants were beginning to whisper about.
(BPT) - Remember when digital payment transactions used to take three to five business days? Even transferring funds between accounts seemingly took forever. And, if you were splitting the bill with someone at a restaurant, there was nothing fast about it. You'd give them a check ... and then it would take three to five days to clear. It seems so antiquated now. In today's digital world, that kind of time lag simply isn't acceptable to many people.
Shares of social network Snapchat (NYSESNAP)
jumped 7.8% in the morning session after the major indices soared (Nasdaq +1.9%, S&P 500 +1.6%) after the Bureau of Labor Statistics reported that core CPI (Consumer Price Index - a measure of inflation which strips out volatile food and energy prices) for December 2024 came in better than expected, rising 3.2% year over year, compared to the consensus estimate for a 3.3% increase. This means that PPI and CPI both came in slightly below expectations. It is important because the results take additional rate hikes off the table, which some investors and market participants were beginning to whisper about.
Shares of online community and discussion platform Reddit (NYSERDDT) jumped 7.8% in the morning session after the major indices soared (Nasdaq +1.9%, S&P 500 +1.6%) after the Bureau of Labor Statistics reported that core CPI (Consumer Price Index - a measure of inflation which strips out volatile food and energy prices) for December 2024 came in better than expected, rising 3.2% year over year, compared to the consensus estimate for a 3.3% increase. This means that PPI and CPI both came in slightly below expectations. It is important because the results take additional rate hikes off the table, which some investors and market participants were beginning to whisper about.
Shares of laser company nLIGHT (NASDAQLASR) fell 17.1% in the afternoon session after the company reported underwhelming preliminary fourth quarter results, with sales expected to fall below the previous guidance range. Precisely, LASR expects Q4 2024 revenues of $46 million to $48 million (vs. previous estimates of $49 million to $54 million). The company blamed the weakness on "continued weakness in our industrial markets, execution challenges in our microfabrication business, and the timing of the delivery of a limited number of defense products." Consequently, profit indicators, including gross margin and adjusted EBITDA, are also expected to fall significantly below previous estimates. Overall, the results aren't encouraging and indicate challenging times ahead.
