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Brinker International exceeded earnings and revenue forecasts and raised its outlook on soaring sales at its Chili's restaurants.

Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signalled a turnaround for the sector

Chip stocks in the U.S. and Europe rose on Wednesday for a second straight day, recovering from a punishing selloff triggered by China's low-cost DeepSeek artificial intelligence tool at the start of the week. Shares of AI chip leader Nvidia, however, slipped 2.7% to $125.44 and weighed on the Nasdaq. European tech stocks jumped, partly fuelled by a nearly 8% surge in ASML after the Dutch semiconductor equipment maker reported a surprisingly large rise in new bookings.

Apple downgraded, Rivian initiated: Wall Street's top analyst calls

(Bloomberg) -- A small band of Wall Street skeptics are moving to protect their credit portfolios against a market priced like nothing in the economy could possibly go wrong.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoUS Students’ Reading Scores Drop to Worst in More Than 20 YearsTexas HOA Charged With Discrimination for Banning Section 8 RentersManhattan’s Morning Commute Time Drops With New Congestion

Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese artificial intelligence model, according to a Goldman Sachs trading update and industry figures on Tuesday. Hedge funds that pick stocks based on company fundamentals rather than using algorithms to trade systematically were down 1.1% Monday, as markets sank, Goldman's trading desk said, a significant one-day drop for funds that in a good year like 2024 make 15%. Goldman Sachs does not reveal dollar figures for the size of the hedge funds its teams track, but data from hedge fund research group BarclayHedge suggest the losses from Monday's sell-off could tally into the billions.

News of the day for Jan. 29, 2025

(Bloomberg) -- A popular ETF trade beloved by market speculators is fast turning into a billion-dollar revenue generator for nimble-footed financial firms.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingTraders have bee

Auto services provider Monro (NASDAQ:MNRO) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 3.7% year on year to $305.8 million. Its non-GAAP profit of $0.19 per share was 35.6% below analysts’ consensus estimates.

The company has been expanding outside its market-sensitive core activities of trading and listing to products that help traders navigate compliance requirements and safeguard against financial crimes. Revenue from Nasdaq's financial technology business rose nearly 9.8% in the fourth quarter. Hopes of a soft landing for the U.S. economy, strong equity markets and expectations of a friendlier regulatory environment for deals and offerings under the Trump administration breathed new life into the U.S. IPO market during the reported quarter.