Another Banner Year for the S&P 500
Will stocks be able to carve out a third impressive yearly performance in 2025?
Will stocks be able to carve out a third impressive yearly performance in 2025?
Arcos Dorados Holdings Inc. (NYSE:ARCO) saw its shares rise on Thursday following the announcement of a renewed Master Franchise Agreement with McDonald’s Corporation (NYSE:MCD). The new 20-year MFA, effective January 1, replaces the previous agreement and includes an option for renewal at McDonald’s discretion for another 20 years, beginning January 1, 2045. The updated agreement includes a royalty fee structure based on gross sales: 6.0% for the first ten years, 6.25% for the next five years,
Acuity Brands, Inc. (NYSE:AYI) will release earnings results for its first quarter, before the opening bell on Thursday, Jan. 9. Analysts expect the Atlanta-based company to report quarterly earnings at $3.87 per share, up from $3.72 per share in the year-ago period. Acuity Brands projects to report quarterly revenue at $956.32 million, compared to $934.7 million a year earlier, according to data from Benzinga Pro. With the recent buzz around Acuity Brands, some investors may be eyeing potential
Despite a lack of any real news, Unity Software (U) is up by 17% in pre-market trading on Thursday. It appears to be a result of the latest tweet from Keith Gill, an investor who also goes by “Roaring Kitty.”
News of the day for Jan. 2, 2025
Starbucks stock could come alive as 2025 moves along, one Wall Street restaurant analyst contends.
China’s stock market has suffered its worst start to a year in nearly a decade, as investors brace for Donald Trump to impose tariffs on the world’s second-largest economy.
US benchmark equities were tracking in the green before the opening bell Thursday as traders prepare
Alibaba Group Holding (NYSE:BABA) slashed its large language model prices by up to 85%, exhibiting intense domestic rivalry in the AI space. Chinese companies remain engaged in a price war to win market share, prompting Alibaba Cloud to initiate discounts on its visual language model, Qwen-VL, CNBC cites from Alibaba’s WeChat post on Tuesday. In February, the Chinese e-commerce juggernaut announced up to 55% discounts on its core cloud products. Also Read: Trump Administration to Challenge Socia
Chinese electric cars have surged to account for almost 10% of new car sales in Norway in only five years, data from the country's road federation (OFV) showed on Thursday. Wealthy Norway is far ahead of most countries in the switch to electric vehicles and unlike the European Union and the United States has not imposed import tariffs on Chinese EVs. Brussels and Washington say Chinese EVs benefit from unfair subsidies, which Beijing denies, and Western automakers have warned they could be hit hard by cheap Chinese imports, although there have been doubts if buyers would adopt unfamiliar brands.