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Check out what’s clicking on FoxBusiness.com. General Motors is recalling more than 43,000 Chevrolet, GMC and Cadillac SUVs due to a transmission issue that could potentially increase the risk of a crash. The recall affects 17,178 Chevrolet Tahoes, 7,616 Chevrolet Suburbans, 7,820 GMC Yukons, 5,270 GMC Yukon XLs, 3,609 Cadillac Escalades and 2,239 Cadillac Escalade ESVs, all from model year 2022.All models under the recall are equipped with a 10-speed transmission with an electronic transmission range select system, GM said. NISSAN RECALLS OVER 640,000 VEHICLES FOR ENGINE AND GEAR ISSUES A model year 2022 Chevrolet Tahoe is seen driving. (Chevrolet )The recall report, filed…
Check out the companies making the biggest moves midday: Financials — The financials sector of the S & P 500 slid more than 3% in midday trading, the worst performer in the broad market. Alternative asset managers KKR and Blackstone slid roughly 9% and 7%, respectively, after activist hedge fund Saba Capital Management and Cox Capital Partners said they plan tender offers to buy stakes in a trio of Blue Owl credit funds. Blue Owl shares were last off more than 5%. American Express dropped more than 7%, and Goldman Sachs fell nearly 4%. Cybersecurity — Anxiety over artificial intelligence…
Solana Company (HSDT) said it plans to build a high-speed infrastructure network across the Asia-Pacific region to support the growth of the Solana blockchain and diversify its revenue streams.The initiative, called the “Pacific Backbone,” will connect Seoul, Tokyo, Singapore and Hong Kong with a low-latency cluster designed to support staking, validation and trading services on Solana.The move targets institutional demand across the region, which has become a hotspot for crypto adoption, cross-border payments and digital asset development.The buildout aims to make Solana’s infrastructure more accessible and reliable for market makers, high-frequency traders, and financial institutions, according to a press release.The…
Analysts think private-equity firms or other strategic buyers might see more value in PayPal than its $40 billion market cap currently reflects.
Europe has warned that trade deals struck with the U.S. could now be at risk after President Donald Trump unveiled a new global 15% tariff on all imports at the weekend.Trump’s move came after the U.S. Supreme Court on Friday struck down his global tariffs policy, implemented last spring, that had upset the long-standing global trading order.The president reacted to the Supreme Court’s judgment by initially announcing a new universal 10% levy, using a different legal framework for the latest tariffs, but then increased the global tariff rate to 15% — the legal maximum which can be in place for…
Argentina’s economic activity expected to have rebounded 0.5% in December: Reuters poll
The European Central Bank must be “agile” in setting monetary policy, despite currently being well positioned, according to President Christine Lagarde.
is trading near $39.90, after a single-session fall of about -15.9%, with the intraday range at $39.62–$41.09 against a 52-week range of $39.62–$93.80. Market cap is down to roughly $135.5 billion, the stock is on about 10.9x earnings with a dividend yield close to 4.7%. Those metrics say the market now prices this as a low-growth, challenged pharma name rather than the dominant GLP-1 platform that drove the last cycle. The repricing reflects three things at once: a disappointing obesity readout, visible market-share losses to competitors, and a 2026 guidance set deliberately low. The question is whether this is the…
Lagarde downplays odds of early exit – Central Banking Skip to main content End of drawer navigation content ECB president uses interviews to say she is on a ‘mission’ with a ‘baseline’ of serving out her term Christine Lagarde has said she would like her legacy at the European Central Bank to be about vanquishing inflation and starting work on the digital euro.In two interviews – with the Wall Street Journal on February 21 and with CBS News on February 22 – the ECB president sought to dispel reports that she would be leaving her position early.On whether she would take…
NVIDIA Earnings Q4 LoomZacks Rank #2 (Buy) stock NVIDIA (NVDA) will report its fourth quarter earnings-per-share results on Wednesday, February 25th, after the stock market closes. Regardless of whether an investor has a position in the stock, NVIDIA’s earnings will likely be the most important and watched report this earnings season. Not only is NVIDIA the largest company on Earth by market cap ($4.6 trillion), but it also provides the most critical and necessary technology to the AI revolution – the coveted graphics processing units (GPUs). Beyond its sheer size and necessity in the supply chain, NVIDIA earnings will also…
