February 4, 2025
10-year Treasury yield rises as Trump pauses tariff plans
U.S. Treasury yields were mixed on Tuesday as investors assessed U.S. President Donald Trump’s 30-day tariff pause and awaited more economic data. At 6:25 a.m. ET, the yield on the 10-year Treasury was up 3 basis points to trade at 4.575%, while the 2-year Treasury yield was down less than a basis point at 4.257%. […]
Dow Jones, S&P 500 Lag Nasdaq; Palantir Holds 20% Gain As Reddit Hits New High (Live Coverage)
Dow Jones and S&P 500 are lagging behind the Nasdaq, with Palantir holding a 20% gain. Investors are shaking off Trump’s trade battles, and the Nasdaq is gaining 1% led by Palantir. Stocks are ending higher, largely taking back Monday’s tariff-induced losses, and earnings are helping. The stock market today shows the Dow, S&P 500, […]
Egg prices, shortages from bird flu lead restaurants to add egg surcharge
Egg prices and shortages due to bird flu are leading restaurants to add an egg surcharge. Soaring egg prices are piquing interest in backyard chickens. A national restaurant chain is now charging 50 cents extra for each egg in your order. Waffle House is among the restaurants that have implemented this surcharge. — news from […]
PepsiCo forecasts weak annual profit as US snack, soda demand dips
Shares of PepsiCo fell 2.5% in early trading. Americans are still paring back spending on soft drinks and salty treats to save their dollars for essential purchases, forcing PepsiCo to tap promotions for volume growth after several quarters of slowdown wrought by price hikes. The target is to offer multi-packs and mini canisters to bring […]
S&P 500 rises as investors shake off Trump’s trade battles, Nasdaq gains 1% led by Palantir: Live updates
The iShares MSCI China ETF (MCHI) and the iShares China Large-Cap ETF (FXI) advanced more than 2%, each, in midday trading, as traders assess trade tensions between the U.S. and China. The Chinese government hit the U.S. with additional tariffs of 15% on imports of coal and liquefied natural gas, starting Feb. 10, as well […]
Waffle House is placing a surcharge on every egg it sells
The soaring price of eggs has forced Waffle House to add a temporary surcharge on customers’ orders. The Georgia-based chain is adding a 50-cent charge per egg because of the “nationwide rise in cost of eggs,” according to signs posted at its restaurants. An aggressive strain of avian flu is hurting supply and causing prices […]
Fox Corp. Expects to Launch New Stand-Alone Streamer by End of 2025
Fox’s Sunday-afternoon football games and Fox News host Jesse Watters may soon have a new digital home. Fox Corporation expects to launch a new stand-alone subscription-based streaming service by the end of 2025, as the company, which has resisted the call to plunge millions into developing premium content for broadband audiences, sees new allure in […]
Egg Shortages Are Now Hitting Restaurants, With No Relief in Sight
American restaurants are falling victim to a national egg shortage that has already plagued grocery stores from New York City to San Francisco and sent prices to $7 a carton. Biscuit Belly, which has 14 locations in six states across the south of the country, has already swapped the type of eggs it buys for […]
PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America
PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America. Shares of the company fell less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.96 adjusted vs. […]
OpenAI chief Altman inks deal with S Korea’s Kakao after DeepSeek upset
OpenAI chief Sam Altman has inked a deal with South Korea’s tech giant Kakao as the California-based firm seeks new alliances after Chinese rival DeepSeek shook the global AI industry. Kakao, which owns an online bank, South Korea’s largest taxi-hailing app, and KakaoTalk, on Tuesday announced a partnership allowing it to use ChatGPT for its […]