The company also noted that automotive revenue pulled back 8% in the fourth quarter compared to a year earlier.
Thursday’s big stock stories: What’s likely to move the market in the next trading session
Stocks slid on Wednesday after the Federal Reserve skipped a rate cut. A 4% fall in Nvidia also weighed on the indexes. Here’s what CNBC is watching Thursday.
DoubleLine’s Gundlach says his base case is one rate cut this year, two reductions maximum
“It’s going to be a slow process to get to a hurdle to cut rates again. … I don’t think you’re going to see a cut at the next Fed meeting,” Gundlach said.
What the Fed didn’t say is what mattered to traders
The removal of a key phrase in the post-meeting statement showing inflation ‘has made progress toward’ the 2% target raised investor eyebrows.
Wells Fargo says this move in the bond market could mean higher future returns
Today’s solid yields are not only providing income to investors, they may also translate into higher total returns in the future, according to Wells Fargo.
Watch out: Analysts are getting increasingly bearish these stocks into earnings
Earnings season is underway, and some companies that are due to report earnings in the near future could post disappointing results, according to analysts.
Chubb’s Evan Greenberg says insurer just had the best year in its history
“While we’re in the risk business … we’re confident in our ability to continue growing operating earnings and EPS at a double-digit rate,” the CEO said.
How to keep profiting from this healthcare stock that’s breaking out
Tony Zhang gives an update on his successful Dexcom trade.
BlackRock’s Rick Rieder was a buyer of certain names during tech’s ‘watershed event’ this week
The market fallout from concerns over DeepSeek led to a buying opportunity in certain areas within tech, BlackRock’s Rick Rieder told CNBC.
The key figures Wall Street is watching for in Meta, Microsoft and Tesla earnings
Meta Platforms, Tesla and Microsoft are each set to report quarterly results after Wednesday’s market close.