Financial News

Starbucks beats earnings estimates with $0.69 EPS and $9.4B revenue as same-store sales drop 4%. U.S. traffic slips 8%, China sales fall 6%. Can Niccol spark recovery?

The report showed that views of current labor market conditions fell for the first time since September.

U.S. home prices rose 3.8% in Nov 2024, led by a 7.3% gain in New York. Tampa saw a rare decline, highlighting mixed regional trends in the housing market.

Durable goods orders fell 2.2% in December, led by a 7.4% drop in transportation. Excluding transportation, orders rose 0.3%, signaling mixed resilience.

Trump’s tariff flip-flop adds uncertainty to US-China trade relations, impacting Mainland China’s equity markets.

The report indicated that upward pressure on prices and wages increased in January.

China’s PMIs drop in January, raising concerns about Q1 2025 growth and the effectiveness of stimulus measures.

Existing Home Sales increased by 2.2% month-over-month in December, beating analyst expectations.

Manufacturing rebounds with PMI at 50.1, while services slow sharply to 52.8. Inflation rises, keeping Fed policy in focus for traders.

US jobless claims rise to 223,000 as continuing claims hit 3-year high at 1.9M. Labor market shows signs of cooling amid rising unemployment across key industrial states.

US-China tariff twists spark market uncertainty as Trump targets new trade policies.

Netflix surges 10% in after-hours trade, adding $40B to market cap. Record 41M new subscribers and strong 2025 revenue guidance fuel investor optimism.

Trump shifts stance on China tariffs, easing trade war fears and boosting market optimism.

Housing starts surged 15.8% in December, beating forecasts, while permits rose modestly. Builders signal optimism as completions slow.

December retail sales miss forecasts, boosting market bets on a softer BoE monetary stance.

China’s Q4 GDP grew 5.4%, beating forecasts, as stimulus measures boost growth ahead of US tariff risks.

Natural gas prices moved away from session highs as traders took some profits off the table after the release of the EIA report.

U.S. retail sales rose 0.4% in December, hitting $729.2B, while initial jobless claims climbed to 217K, reflecting mixed signals for the economy.

UK GDP Misses Forecasts: BoE rate cut speculation rises as three-monthly growth stalls amid weak services and production data.

China’s Q4 growth forecast rises to 5%, but tariffs and weak domestic demand loom large.