Ethereum, beset by infighting, sags behind other tokens in a bull market
Ethereum is up 47% this year while its competitor, Solana, is up 200%.
Ethereum is up 47% this year while its competitor, Solana, is up 200%.
Shares of defense contractor Leidos (NYSE:LDOS) fell 7.5% in the morning session after peer, CACI, reported fourth-quarter earnings results, with markets increasingly worried that new cost-cutting initiatives by the US government would affect Defense contracts. Although CACI reported a strong quarter with revenue, EBITDA, EPS ahead of Wall Street's expectations as well as a statement that they're well on their way to meet the three-year financial targets unveiled during the November 2024 Investo
Shares of defense, intelligence, and IT solutions provider CACI International (NYSE:CACI) fell 9.1% in the morning session after the company reported fourth-quarter earnings results, with markets increasingly worried that new cost-cutting initiatives by the US government would affect Defense contracts. Although CACI reported a strong quarter with revenue, EBITDA, EPS ahead of Wall Street's expectations as well as a statement that they're well on their way to meet the three-year financial targets
Shares of freight delivery company Knight-Swift Transportation (NYSE:KNX) jumped 6.4% in the pre-market session after the company reported impressive fourth-quarter results, which beat analysts' EPS expectations. Its EPS guidance for next quarter also came in higher than Wall Street's estimates. On the other hand, its EBITDA missed significantly, and its revenue fell slightly short of Wall Street's estimates. The revenue shortfall was largely expected due to operating challenges from hurricanes
Jamie Dimon reaffirmed JPMorgan's DEI commitments after pressure from an activist shareholder.
Shares of boat and marine products retailer MarineMax (NYSE:HZO) jumped 18% in the afternoon session after the company reported strong fourth-quarter results, which blew past analysts' EBITDA and EPS expectations.
Shares of industrial conglomerate GE Aerospace (NYSE:GE) jumped 9.4% in the pre-market session after the company reported strong fourth-quarter results, which blew past analysts' revenue estimates amid improved demand for spare parts, commercial engines, and services. Growth accelerated during the quarter as orders rose by 46% compared to the previous year. The improved demand and pricing enabled the company to grow its cash flow and report earnings ahead of analysts' expectations.
GE Aerospace on Thursday forecast stronger profit in 2025, saying it is better prepared to meet jet engine demand with progress in resolving supply chain issues that had hobbled production. "We learned a lot through last year," CEO Larry Culp said in an interview. GE Aerospace dominates the engine market for narrowbody jets and enjoys a strong position in widebodies.
Giant U.S. asset managers overseeing well over $20 trillion are anticipating continued price pressures because of President Donald Trump's immigration and trade policies, a scenario that will likely keep threatening the bond market this year. Vanguard, the world's second-largest asset manager, which manages over $10 trillion, said in a first-quarter fixed income outlook report seen by Reuters that it expects "progress on inflation to stall," with core measures of price pressures stuck above the Federal Reserve's 2% target and above 2.5% for most of 2025. Trade and immigration policies implemented by Trump's Republican administration could complicate the picture further, it said in a report written by its active fixed income team, led by Sara Devereux, the global head of fixed income group.
U.S. equities were mixed and little changed at midday as the S&P 500 traded near all-time highs.