Apple Earnings: Impact of Slowing iPhone Sales Becomes Clear
Apple’s AAPL December-quarter revenue rose by 4% year over year to $124.3 billion. IPhone revenue declined 1% year over year to $69.1 billion, and services revenue rose 14% year over year to $26.3 billion. March-quarter revenue guidance calls for low to mid-single-digit year-over-year growth. Why it matters: The firm’s tepid results and guidance align with […]
Trump Imposes Tariffs on Imports from Canada, Mexico, and China, Declares ‘National Emergency’
Trump signs tariffs on imports from Canada, Mexico and China: ‘National emergency’ The Trump administration will be imposing tariffs through its new International Emergency Economic Powers Act (IEEPA). President Donald Trump signed an executive order authorizing the tariffs Saturday, which will go into effect Tuesday, consisting of a 25% additional tariff on imports from Canada […]
Study Shows Talent Shortages and Manual Processes Hinder Finance Teams in the Construction Industry
Research Reveals Talent Shortages and Manual Processes are Stifling Finance Teams in Construction MELBOURNE, Australia, Feb. 2, 2025 /PRNewswire/ — A new report has revealed significant challenges facing construction finance teams across Australia and New Zealand, with talent shortages, outdated systems, and manual processes topping the list of concerns. The findings by Payapps, an award-winning […]
INSIGHT: How Two Ex-Employees are Steering Mali’s Tough Negotiations with Barrick
Mali’s military-led government, which in December seized three metric tons of gold from Barrick worth about $245 million, has given the miner until Saturday at midnight to respond to its demands. It wants Barrick to pay 125 billion CFA francs ($199 million) in back taxes, according to a source familiar with the situation. If a […]
Kuva Systems Secures $5 Million Contract from DOE for Emissions Technology
Kuva Systems wins $5M DOE contract for emissions tech Work continues on advancing the technology needed to monitor for and repair emissions leaks in oil and gas facilities. Much of that work is supported by the government, which has just awarded a $5 million contract to Kuva Systems under the U.S. Department of Energy’s Methane […]
Canada’s Economy Contracted in November Due to Tariff Impacts…
The Canadian economy declined 0.2% in November as the country faced a hefty 25% US tariff on its exports, which could take effect as early as this Saturday. That decline followed a 0.3% expansion in October. Even with a projected 0.2% rebound in December, analysts note that the implied quarterly growth of 1.6% (annualized) falls […]
Firebird Metals Advances Chinese LMFP Battery Strategy in Q4 2024
Firebird Metals makes Chinese LMFP battery strategy progress in December 2024 quarter During the closing months of 2024, Firebird Metals Ltd demonstrated significant momentum in its key initiatives, particularly in the development of its LMFP battery strategy in China and the advancement of the Oakover manganese project in Western Australia. This article delves into the […]
Tariffs Under Trump, American Airlines, and the U.S.-China AI Competition
Trump’s tariffs, American Airlines and the U.S.-China AI race Steve Forbes, chairman and editor-in chief of Forbes Media, gives his take on the impact and longevity of President Donald Trump’s tariffs on foreign countries on ‘Kudlow.’ -Stocks wrapped up a winning January, despite ending the Friday session lower as investors digested a fresh inflation report […]
JPMorgan Set to Deliver $4 Billion in Gold in the U.S. Amid Concerns Over Tariffs
Fears of imminent tariffs on imports following the election of US President Donald Trump have caused prices for gold futures on Comex to surge over spot prices in London. Spot prices shot to record highs this week, but the additional premium on Comex has created a lucrative arbitrage opportunity for the handful of banks that […]
TriMas Finalizes Sale of Arrow Engine to IES, Exits Oil and Gas Sector
TriMas Completes Arrow Engine Sale to IES, Exits Oil & Gas Market 01/31/2025 – 08:45 AM BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)– TriMas (NASDAQ: TRS) today announced the successful completion of the previously announced sale of its Arrow Engine business, thereby exiting its direct presence in the oil and gas market sector. The sale was finalized with […]