MicroStrategy’s Bitcoin-focused strategy faces scrutiny as a report suggests potential federal taxes on unrealized crypto gains under new rules starting in 2026.
Shares of kitchen product manufacturer Middleby (NYSEMIDD)
jumped 15.1% in the afternoon session after The Wall Street Journal reported that activist Garden Investments built a ~5% stake in the company and plans to push for changes. This move is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.
Shares of analog chipmaker Microchip Technology (NASDAQMCHP)
fell 5.9% in the afternoon session after Texas Instruments, a peer in the semiconductor industry, reported disappointing fourth-quarter results, highlighting rising inventory levels and softening demand in critical end markets. Texas Instruments' earnings guidance for the next quarter fell short of Wall Street's expectations. Adding to the negative was the fact that inventory levels increased, contributing to weaknesses in Japan and Europe, especially in the auto, and industrial markets. These weaknesses were partly offset by continued strength in China's auto and smartphone markets. These pockets of strength helped drive revenue and EPS past Wall Street's estimates during the quarter. Regardless, it was a challenging quarter, amplifying fears of weakening demand.
Economist and commentator Peter Schiff on Friday sharply criticized President Donald Trump‘s recent executive order on digital assets, suggesting it is a thinly veiled attempt to “pay off donors” rather than a genuine effort to
The U.S. oil major said that when fully ramped up, the expansion called the Future Growth Project, would raise crude oil production from Tengiz by 260,000 barrels per day.
Raymond James analyst Savanthi Syth lowered American Airlines' price target from $24 to $23, citing FY25 1Q guidance misses due to higher fuel prices and capacity issues. Despite challenges, the company's favorable CASM-ex trend for 2025 and a strong free cash flow outlook above $2B support its recovery.
Wondering how the US markets performed in the middle of the day on Friday? Discover the movers and shakers of today's session in our comprehensive analysis.
SoFi (SOFI) reports Q4 earnings on Monday with expected EPS of 4 cents and revenue of $674.13 million. Stock is up 28.91% YTD. Analysts see 29% downside potential for stock with current consensus rating of Buy and price target of $10.33.
Allurion Technologies (NYSEALUR) shares are moving higher Friday potentially after after the company announced plans to conduct a clinical study evaluating the combination of its Allurion Program with GLP-1 agonists on Thursday.
The Potomac Energy Center deal is Blackstone’s most recent investment in the power infrastructure supporting data centers and the AI revolution—one of the firm’s highest-conviction areas.
There was some tepid good news as to existing home sales in December, which have been flat in the general range of 3.85 -4.10 million annualized for almost two years.
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