Teva delivers 3 consecutive years of growth - 2025 revenues of $17.3 billion, an increase of 4% year-over-year (YoY) in U.S. dollars, or 3% in local currency (LC) terms, compared to 2024. Excluding Japan BV, revenues increased 5% YoY in LC. - 2025 revenues of $17.3 billion, an increase of 4% year-over-year (YoY) in U.S. dollars, or 3% in local currency (LC) terms, compared to 2024. Excluding Japan...
Teva delivers 3 consecutive years of growth - 2025 revenues of $17.3 billion, an increase of 4% year-over-year (YoY) in U.S. dollars, or 3% in local currency (LC) terms, compared to 2024. Excluding Japan BV, revenues increased 5% YoY in LC. - 2025 revenues of $17.3 billion, an increase of 4% year-over-year (YoY) in U.S. dollars, or 3% in local currency (LC) terms, compared to 2024. Excluding Japan BV, revenues increased 5% YoY in LC. Key Innovative brands continued to drive growth and provide value for patients, with 2025 revenues surpassing $3 billion, +35% YoY in LC: AUSTEDO ® global revenues of $2.26 billion, growing 34% YoY in LC. continued to drive growth and provide value for patients, with 2025 revenues surpassing $3 billion, +35% YoY in LC: AJOVY ® global revenues of $673 million, up 30% YoY in LC. global revenues of $673 million, up 30% YoY in LC. UZEDY ® revenues of $191 million, up 63% YoY in LC; underscoring Teva's commitment to drive new advances in neuroscience: Fastest growing long-acting injectable (LAI) 1 FDA expanded indication approval for Bipolar 1 Disorder. revenues of $191 million, up 63% YoY in LC; underscoring Teva's commitment to drive new advances in neuroscience: Q4 2025 marks the first quarter in which these key brands collectively delivered ~$1 billion of revenues. Generics portfolio stable : Increased by 2% in the U.S., decreased by 2% in Europe and decreased by 2% in International Markets, all in LC terms compared to 2024. Excluding Japan BV, revenues increased by 1% in International Markets in LC, compared to 2024. Biosimilars pipeline and portfolio fueling growth: – with the second-largest portfolio and most biosimilars launched across the industry since 2020.2 Innovative l ate - stage pipeline continued to drive transformation : 4 innovative product submissions targeted over the next 5 years. Up to $500 million in funding secured via Teva’s agreement with Royalty Pharma to fund the development of anti-IL-15 (TEV-’408) for vitiligo i...
DUNMORE, Pa., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank ("the Company"), announced its unaudited, consolidated financial results for the three and twelve month periods ended December 31, 2025. Unaudited Financial Information Net income recorded for the year ended December 31, 2025 was $28.2 milli...
DUNMORE, Pa., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank ("the Company"), announced its unaudited, consolidated financial results for the three and twelve month periods ended December 31, 2025. Unaudited Financial Information Net income recorded for the year ended December 31, 2025 was $28.2 million, or $4.86 diluted earnings per share, compared to $20.8 million, or $3.60 diluted earnings per share, for the year ended December 31, 2024. The $7.4 million, or 36% increase in net income resulted primarily from the $10.8 million increase in net interest income and $1.6 million increase in non-interest income partially offset by a $3.3 million increase in non-interest expenses for 2025 compared to 2024. Net income for the quarter ended December 31, 2025 was $7.9 million, or $1.37 diluted earnings per share, compared to $5.8 million, or $1.01 diluted earnings per share, for the quarter ended December 31, 2024. The $2.1 million increase in net income stemmed from the $2.9 million increase in net interest income and $0.3 million increase in non-interest income. This was partially offset by a $0.5 million increase in non-interest expense and a $0.5 million increase in the provision for income taxes. “We are pleased to report record fourth quarter results, representing the strongest financial quarter in our history,” said Daniel J. Santaniello, President and Chief Executive Officer. “The Bank hit year end assets of $2.7 billion, delivering a 36% year over year increase in net income of $28.2 million and a 35% increase in diluted earnings per share. The full year results reflect the execution of our strategic initiatives, disciplined balance sheet management, and continued improvement in our net interest margin. I am grateful to our bankers for their dedication and focus on serving our clients and our communities well, positioning us for a strong 2026.” Consolidated Year-To-Da...
US mortgage rates climbed for the first time in four weeks, halting an early-year upswing in home purchase and refinancing activity. The contract rate on a 30-year mortgage rose 8 basis points to 6.24% in the week ended Jan. 23, according to Mortgage Bankers Association data released Wednesday. In the previous week, home-financing costs slid to the lowest since September 2024. The group’s index of...
US mortgage rates climbed for the first time in four weeks, halting an early-year upswing in home purchase and refinancing activity. The contract rate on a 30-year mortgage rose 8 basis points to 6.24% in the week ended Jan. 23, according to Mortgage Bankers Association data released Wednesday. In the previous week, home-financing costs slid to the lowest since September 2024. The group’s index of mortgage applications for home purchases eased 0.4% last week from a three-year high. Refinancing applications slumped 15.7%, the first drop this year. The decline in activity indicates potential homebuyers remain sensitive to changes in mortgage rates as affordability constraints persist. Home-financing costs are tied to movements in the US Treasury market, and the yield on the 10-year note jumped earlier in the week amid a rout in Japanese bonds and geopolitical concerns. The MBA survey, which has been conducted weekly since 1990, uses responses from mortgage bankers, commercial banks and thrifts. The data cover more than 75% of all retail residential mortgage applications in the US.
Bitcoin is the world's largest cryptocurrency by market cap. After topping out at over $124,000 per token last October, Bitcoin (BTC +2.06%) has plunged about 28% and is currently trading slightly below $90,000. While the drop is certainly unwelcome to current holders, this is not new territory for Bitcoin investors. Bitcoin has been extremely resilient in its short life, rebounding from numerous ...
Bitcoin is the world's largest cryptocurrency by market cap. After topping out at over $124,000 per token last October, Bitcoin (BTC +2.06%) has plunged about 28% and is currently trading slightly below $90,000. While the drop is certainly unwelcome to current holders, this is not new territory for Bitcoin investors. Bitcoin has been extremely resilient in its short life, rebounding from numerous drawdowns of over 50% and even 90%. The world's largest cryptocurrency is still up nearly 180% over the past five years. However, in recent months, the token has faced concerns about the economy, the trajectory of interest rates, and even the possibility that quantum technology will eventually become a significant competitor to blockchain. Additionally, some large holders of the token, known as Bitcoin whales, have sold significant portions of their holdings. Is Bitcoin a buy right now? The environment is still favorable Predicting what will happen to any cryptocurrency in the near term is incredibly difficult. But if I assess the current environment, I would argue it remains favorable to Bitcoin. President Donald Trump has ushered in an incredibly friendly regulatory regime. Under his guidance, Congress has passed significant legislation intended to clear up regulatory gray areas. Trump also created a U.S. Strategic Bitcoin Reserve and is making it easier for retirement accounts to purchase assets like Bitcoin. Furthermore, one of the main arguments for Bitcoin is that it is a form of digital gold, primarily due to its 21 million finite tokens, most of which are already in circulation. The price of gold has absolutely exploded, as investors grow increasingly concerned about mounting U.S. debt and the further debasement of the U.S. dollar. Expand CRYPTO : BTC Bitcoin Today's Change ( 2.06 %) $ 1808.60 Current Price $ 89736.00 Key Data Points Market Cap $1.8T Day's Range $ 87315.00 - $ 89964.00 52wk Range $ 74604.47 - $ 126079.89 Volume 47B Finally, the Trump administration'...
Automatic Data Processing press release ( ADP ): Q2 Non-GAAP EPS of $2.62 beats by $0.05 . Revenue of $5.36B (+7.2% Y/Y) beats by $20M . Consolidated Fiscal 2026 Outlook •Revenue growth of about 6% vs 5.14% consensus •Adjusted EBIT margin expansion of 50 to 70 basis points •Adjusted effective tax rate of approximately 23% •Diluted EPS growth of 9% to 10% •Adjusted diluted EPS growth of 9% to 10% v...
Automatic Data Processing press release ( ADP ): Q2 Non-GAAP EPS of $2.62 beats by $0.05 . Revenue of $5.36B (+7.2% Y/Y) beats by $20M . Consolidated Fiscal 2026 Outlook •Revenue growth of about 6% vs 5.14% consensus •Adjusted EBIT margin expansion of 50 to 70 basis points •Adjusted effective tax rate of approximately 23% •Diluted EPS growth of 9% to 10% •Adjusted diluted EPS growth of 9% to 10% vs 7.27% consensus More on Automatic Data Processing Love Direct Deposit? You'll Love Automatic Data Processing Automatic Data Processing: Now A Prime Buying Opportunity Gifted By The Market Automatic Data Processing, Inc. (ADP) Presents at 53rd Annual Nasdaq Investor Conference Transcript Automatic Data Processing Q2 2026 Earnings Preview Automatic Data Processing authorizes $6B share repurchase program
On Tuesday, Micron Technology, Inc.’s MU shares climbed 5.4% after it announced plans to invest about $24 billion to build a new advanced memory chip fabrication facility in Singapore, reinforcing its long-term growth strategy. The investment highlights Micron’s confidence in sustained demand for memory solutions and its intent to secure additional capacity ahead of the next upcycle in the semicon...
On Tuesday, Micron Technology, Inc.’s MU shares climbed 5.4% after it announced plans to invest about $24 billion to build a new advanced memory chip fabrication facility in Singapore, reinforcing its long-term growth strategy. The investment highlights Micron’s confidence in sustained demand for memory solutions and its intent to secure additional capacity ahead of the next upcycle in the semiconductor market. The new facility will expand Micron’s manufacturing footprint within its existing Singapore operations and is expected to come online later in the decade. For investors, the move signals a disciplined but forward-looking capital allocation approach aimed at strengthening supply resilience and improving Micron’s competitive positioning in advanced memory technologies. A key driver behind this expansion is the sharp rise in AI and data-center demand. AI workloads, particularly generative AI and large-scale model training, require enormous amounts of high-performance memory to process data efficiently. At the same time, hyperscale data centers continue to expand to support cloud computing, enterprise AI adoption and real-time analytics. This combination has pushed memory demand higher and reduced visibility on future supply, setting the stage for structurally tighter markets over the coming years. By adding advanced capacity now, Micron is positioning itself to benefit as AI-driven infrastructure spending accelerates. Memory is becoming a critical performance bottleneck in AI systems, and suppliers with scale and advanced process capabilities stand to gain pricing power when demand outpaces supply. Micron is part of the Zacks Computer – Integrated Systems industry. Over the past 12 months, its shares have surged 360.9% compared with a 115% rise for the industry. Seagate Technology Holdings plc STX and Advanced Micro Devices, Inc. AMD, two of its peers from the same industry, have moved up 274% and 114.7%, respectively, in the same period. AMD has a Zacks #2 (Buy...
On Tuesday, Micron Technology, Inc.’s MU shares climbed 5.4% after it announced plans to invest about $24 billion to build a new advanced memory chip fabrication facility in Singapore, reinforcing its long-term growth strategy. The investment highlights Micron’s confidence in sustained demand for memory solutions and its intent to secure additional capacity ahead of the next upcycle in the semicon...
On Tuesday, Micron Technology, Inc.’s MU shares climbed 5.4% after it announced plans to invest about $24 billion to build a new advanced memory chip fabrication facility in Singapore, reinforcing its long-term growth strategy. The investment highlights Micron’s confidence in sustained demand for memory solutions and its intent to secure additional capacity ahead of the next upcycle in the semiconductor market. The new facility will expand Micron’s manufacturing footprint within its existing Singapore operations and is expected to come online later in the decade. For investors, the move signals a disciplined but forward-looking capital allocation approach aimed at strengthening supply resilience and improving Micron’s competitive positioning in advanced memory technologies. A key driver behind this expansion is the sharp rise in AI and data-center demand. AI workloads, particularly generative AI and large-scale model training, require enormous amounts of high-performance memory to process data efficiently. At the same time, hyperscale data centers continue to expand to support cloud computing, enterprise AI adoption and real-time analytics. This combination has pushed memory demand higher and reduced visibility on future supply, setting the stage for structurally tighter markets over the coming years. By adding advanced capacity now, Micron is positioning itself to benefit as AI-driven infrastructure spending accelerates. Memory is becoming a critical performance bottleneck in AI systems, and suppliers with scale and advanced process capabilities stand to gain pricing power when demand outpaces supply. Micron is part of the Zacks Computer – Integrated Systems industry. Over the past 12 months, its shares have surged 360.9% compared with a 115% rise for the industry. Seagate Technology Holdings plc STX and Advanced Micro Devices, Inc. AMD, two of its peers from the same industry, have moved up 274% and 114.7%, respectively, in the same period. AMD has a Zacks #2 (Buy...
On Tuesday, Micron Technology, Inc.’s MU shares climbed 5.4% after it announced plans to invest about $24 billion to build a new advanced memory chip fabrication facility in Singapore, reinforcing its long-term growth strategy. The investment highlights Micron’s confidence in sustained demand for memory solutions and its intent to secure additional capacity ahead of the next upcycle in the semicon...
On Tuesday, Micron Technology, Inc.’s MU shares climbed 5.4% after it announced plans to invest about $24 billion to build a new advanced memory chip fabrication facility in Singapore, reinforcing its long-term growth strategy. The investment highlights Micron’s confidence in sustained demand for memory solutions and its intent to secure additional capacity ahead of the next upcycle in the semiconductor market. The new facility will expand Micron’s manufacturing footprint within its existing Singapore operations and is expected to come online later in the decade. For investors, the move signals a disciplined but forward-looking capital allocation approach aimed at strengthening supply resilience and improving Micron’s competitive positioning in advanced memory technologies. A key driver behind this expansion is the sharp rise in AI and data-center demand. AI workloads, particularly generative AI and large-scale model training, require enormous amounts of high-performance memory to process data efficiently. At the same time, hyperscale data centers continue to expand to support cloud computing, enterprise AI adoption and real-time analytics. This combination has pushed memory demand higher and reduced visibility on future supply, setting the stage for structurally tighter markets over the coming years. By adding advanced capacity now, Micron is positioning itself to benefit as AI-driven infrastructure spending accelerates. Memory is becoming a critical performance bottleneck in AI systems, and suppliers with scale and advanced process capabilities stand to gain pricing power when demand outpaces supply. Micron is part of the Zacks Computer – Integrated Systems industry. Over the past 12 months, its shares have surged 360.9% compared with a 115% rise for the industry. Seagate Technology Holdings plc STX and Advanced Micro Devices, Inc. AMD, two of its peers from the same industry, have moved up 274% and 114.7%, respectively, in the same period. AMD has a Zacks #2 (Buy...
J Studios/DigitalVision via Getty Images Credit Quality and Margin Improvements Only Go So Far For Synchrony Financial ( SYF ), 2025 was all about growing earnings without much growth in the number of customers or loan balances. Synchrony set itself up for this fortunate outcome by preparing for a negative event that never happened. Readers who follow my quarterly updates might remember I am refer...
J Studios/DigitalVision via Getty Images Credit Quality and Margin Improvements Only Go So Far For Synchrony Financial ( SYF ), 2025 was all about growing earnings without much growth in the number of customers or loan balances. Synchrony set itself up for this fortunate outcome by preparing for a negative event that never happened. Readers who follow my quarterly updates might remember I am referring to a cap on credit card late fees proposed by the previous administration that never took effect because it was blocked by courts and abandoned by the current administration. To prepare for this proposal, Synchrony tightened its credit standards, leading to reduced delinquencies and charge-offs. The allowance for credit losses as a percentage of loans nearly got down to 10% by the end of 2025 . Synchrony Financial Additionally, Synchrony increased rates on its cards to offset the expected loss in fee income. At the same time, a series of Fed Funds rate cuts allowed the bank to lower interest paid on deposits. This was an unusual situation where both sides of the net interest margin calculation moved in a direction benefitting Synchrony. Synchrony Financial As a result of these moves, Synchrony had a 1% decline in both the number of active accounts and loan receivables in 2025. Purchase volume was up 3%, but that did not help loan balance growth as the higher-quality customers tend to pay off their balances more quickly. Nevertheless, higher net interest margins and lower charge-offs resulted in impressive 8.6% EPS growth, to $9.38 in FY 2025 from $8.64 in 2024. EPS was also helped by Synchrony's active buyback program, which reduced average share count by 6.7% from 2024 to 2025. Synchrony Financial Looking forward, Synchrony's ability to use these same levers in 2026 is more limited. Only 1 or 2 Fed Funds rate cuts are forecasted for this year, limiting the amount the bank can cut deposit rates. Rate increases on cards are limited by competition in a falling-rate envir...
(RTTNews) - CGI Inc. (GIB, GIB-A.TO), an information technology consulting and software development company, on Wednesday reported its net income increased in the first quarter of fiscal year 2026 compared with the previous year. For the first quarter, net income increased to C$442 million from C$438.6 million in the previous year. Earnings per share were C$2.03 versus C$1.92 last year. Adjusted n...
(RTTNews) - CGI Inc. (GIB, GIB-A.TO), an information technology consulting and software development company, on Wednesday reported its net income increased in the first quarter of fiscal year 2026 compared with the previous year. For the first quarter, net income increased to C$442 million from C$438.6 million in the previous year. Earnings per share were C$2.03 versus C$1.92 last year. Adjusted net income surged to C$461 million from C$449 million in the same quarter a year ago. Adjusted earnings per share were C$2.12 versus C$1.97 last year. On average, thirteen analysts had expected the company to report C$2.11 per share. Analysts' estimates typically exclude special items. Revenue increased to C$4.07 billion from C$3.79 billion in the previous year. Further, the company said its board approved a quarterly cash dividend of $0.17 per share on January 27. The dividend will be paid on March 20 to holders of Class A subordinate voting shares and Class B multiple voting shares on record as of February 18. In the pre-market trading, CGI is 3.14% higher at $91 on the New York Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Key Points Investors view the quantum computing market as having significant long-term upside. D-Wave Quantum is currently a minor player in this nascent market, and it has an uncertain future. Its forward price-to-sales ratio is more than 126 -- an exceptionally high premium. 10 stocks we like better than D-Wave Quantum › In principle, quantum computing is fascinating. This evolving new technolog...
Key Points Investors view the quantum computing market as having significant long-term upside. D-Wave Quantum is currently a minor player in this nascent market, and it has an uncertain future. Its forward price-to-sales ratio is more than 126 -- an exceptionally high premium. 10 stocks we like better than D-Wave Quantum › In principle, quantum computing is fascinating. This evolving new technology has the potential to handle certain unusual types of computations that are far beyond the capacities of even today's most powerful conventional supercomputers, and the results could lead to revolutionary breakthroughs in a host of existing industries. They could even create new ones. That potential has been evident in how quantum computing stocks have performed. Optimistic investors have bid up the share prices of a handful of emerging companies that are in the midst of trying to develop useful and commercially viable quantum computers. Among that group is D-Wave Quantum (NYSE: QBTS). It has been on a wild ride, with its share price ranging from $4 to $46 over the past year. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Currently, the stock is hovering near the middle of that range. While some may find it tempting to buy the dip in light of how high D-Wave Quantum has traded in the past, I wouldn't touch the stock with a 10-foot pole. All hat and no cattle Opinions vary widely as to how large the quantum computing market could eventually become, especially given how nascent the technology is. At this point, quantum computers are primarily being used for research, in part because they are too error-prone to be useful for commercial purposes. That said, research from McKinsey & Company forecasts that the industry will be worth at $100 billion annually by 2035. There are an array of fundamentally different ways to create a quantum computer, and many of those differences relate to the met...
Amazon.com said Wednesday it will cut 16,000 jobs as the online retailer completes its largest-ever corporate layoffs. The latest cuts will bring Amazon’s total layoffs to roughly 30,000 after it said last October it would eliminate around 14,000 roles. Put together, the announcements suggest Amazon is slashing nearly 10% of its corporate workforce.
Amazon.com said Wednesday it will cut 16,000 jobs as the online retailer completes its largest-ever corporate layoffs. The latest cuts will bring Amazon’s total layoffs to roughly 30,000 after it said last October it would eliminate around 14,000 roles. Put together, the announcements suggest Amazon is slashing nearly 10% of its corporate workforce.
(RTTNews) - MSCI Inc. (MSCI) announced a profit for fourth quarter that Drops, from the same period last year The company's bottom line totaled $284.66 million, or $3.81 per share. This compares with $305.51 million, or $3.90 per share, last year. Excluding items, MSCI Inc. reported adjusted earnings of $348.16 million or $4.66 per share for the period. The company's revenue for the period rose 10...
(RTTNews) - MSCI Inc. (MSCI) announced a profit for fourth quarter that Drops, from the same period last year The company's bottom line totaled $284.66 million, or $3.81 per share. This compares with $305.51 million, or $3.90 per share, last year. Excluding items, MSCI Inc. reported adjusted earnings of $348.16 million or $4.66 per share for the period. The company's revenue for the period rose 10.6% to $822.52 million from $743.50 million last year. MSCI Inc. earnings at a glance (GAAP) : -Earnings: $284.66 Mln. vs. $305.51 Mln. last year. -EPS: $3.81 vs. $3.90 last year. -Revenue: $822.52 Mln vs. $743.50 Mln last year. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Nikola Ilic/E+ via Getty Images Shares of United Microelectronics ( UMC ) fell about 9% premarket on Wednesday after mixed fourth quarter results. The Taiwan-based company said fourth quarter operating revenues grew 2.4% year-over-year to NT$61.81B ($1.97B, beating estimates). EPS per American Depositary Share, or ADS, was $0.129, missing estimates. "In the fourth quarter, our results were in line...
Nikola Ilic/E+ via Getty Images Shares of United Microelectronics ( UMC ) fell about 9% premarket on Wednesday after mixed fourth quarter results. The Taiwan-based company said fourth quarter operating revenues grew 2.4% year-over-year to NT$61.81B ($1.97B, beating estimates). EPS per American Depositary Share, or ADS, was $0.129, missing estimates. "In the fourth quarter, our results were in line with guidance, with flattish wafer shipments amid mild demand across most markets. The 4.5% revenue increase during the quarter was supported by favorable foreign exchange movement as well as sequential growth in our 22/28nm business, which continues to improve our product mix," said UMC's Co-President Jason Wang. The company noted that revenue contribution from 40 nm and below technologies represented 53% of wafer revenue. United said capital expenditure, or CAPEX, spending in the fourth quarter of 2025 totaled $501M as 2025 CAPEX amounted to $1.6B. The company noted that in 2026 the cash-based CAPEX budget will be $1.5B. Outlook "Going into the first quarter of 2026, we expect wafer demand to remain firm. UMC is confident that 2026 will be another growth year as tape-outs on our 22nm platforms accelerate and other new solutions continue to gain business traction," said Wang. "Looking ahead to 2026 and beyond, we expect advanced packaging and silicon photonics to serve as new growth catalysts, positioning UMC to address the evolving needs of high-performance applications across AI, networking, consumer, automotive and more." First quarter 2026 outlook, quarter-over-quarter: The company said wafer shipments will remain flat. Gross profit margin will be about in the high-20% range, and capacity utilization would be in the mid-70% range, the company added. More on United Microelectronics United Microelectronics: The Foundation Supporting The Rally Is Not As Solid As It Needs To Be United Microelectronics reports mixed Q4 results; initiates Q1 outlook United Microelectronics ...
Donald Trump said he thought the dollar was 'doing great' (SAUL LOEB) · SAUL LOEB/AFP/AFP The dollar recovered slightly on Wednesday as traders awaited the US Federal Reserve's outlook on interest rates, while gold reached another record high as investors seek safety amid an uncertain economic outlook on several fronts. European stocks were mainly lower ahead of the New York open, with Amazon sayi...
Donald Trump said he thought the dollar was 'doing great' (SAUL LOEB) · SAUL LOEB/AFP/AFP The dollar recovered slightly on Wednesday as traders awaited the US Federal Reserve's outlook on interest rates, while gold reached another record high as investors seek safety amid an uncertain economic outlook on several fronts. European stocks were mainly lower ahead of the New York open, with Amazon saying it planned to cut a further 16,000 jobs worldwide -- having already announced 14,000 cuts last October. The dollar had seen a sell-off Tuesday fuelled by US President Donald Trump's suggestion that he was happy with the currency's recent decline, which saw it fall to a four-year low of $1.20 against the euro. The greenback has retreated across the board following reports that the New York Federal Reserve had checked in with traders about the yen's exchange rate, fuelling talk of a joint US and Japanese intervention to prop up the yen. That led to speculation the White House was prepared to let the dollar weaken, and Trump did little to dismiss that when asked Tuesday if he was worried about the decline. "No, I think it's great," he told reporters as the currency fell to a two-and-half-month low against the yen. "Look at the business we're doing. The dollar's doing great," he said. Win Thin, at Bank of Nassau 1982 Ltd, said: "Foreign exchange typically is the leader in terms of showing market discomfort with a country's policies and economic outlook." Elsewhere, the price of gold struck a new peak at $5,278.30 a troy ounce (31.1 grams) as the dollar's drop continued to support demand for the save-haven investment. Investors also took a cautious approach ahead of the Fed's latest policy meeting, hoping for guidance on its plans for interest rates amid uncertainty over Trump's latest tariff threats. The US central bank is widely expected to freeze rates for the coming months, but a weakening dollar could fan inflation in the world's largest economy, clouding the possibility...
More on AT&T AT&T Q4 Earnings: Margin Risks, Broadband Growth And More Buybacks AT&T Q4 Earnings Preview: Absurd Combination Of 4.7% Yield And 4.4x P/Cash Ratio AT&T: 3 Alternatives To The 6% Yielding Preferreds Before They Move To Junk AT&T Non-GAAP EPS of $0.52 beats by $0.05, revenue of $33.5B beats by $620M AT&T, Verizon Q4 earnings on deck: What to expect
More on AT&T AT&T Q4 Earnings: Margin Risks, Broadband Growth And More Buybacks AT&T Q4 Earnings Preview: Absurd Combination Of 4.7% Yield And 4.4x P/Cash Ratio AT&T: 3 Alternatives To The 6% Yielding Preferreds Before They Move To Junk AT&T Non-GAAP EPS of $0.52 beats by $0.05, revenue of $33.5B beats by $620M AT&T, Verizon Q4 earnings on deck: What to expect
President Donald Trump said on Tuesday he didn’t think the US dollar had weakened excessively, sending the currency to its deepest one-day drop since last year’s tariff rollout. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
President Donald Trump said on Tuesday he didn’t think the US dollar had weakened excessively, sending the currency to its deepest one-day drop since last year’s tariff rollout. Tyler Kendall reports on Bloomberg Television. (Source: Bloomberg)
AT&T added 283,000 fiber subscribers and 421,000 net postpaid phone subscribers in the latest quarter, reflecting a push for “convergence” of connectivity offerings.
AT&T added 283,000 fiber subscribers and 421,000 net postpaid phone subscribers in the latest quarter, reflecting a push for “convergence” of connectivity offerings.