PulteGroup missed Wall Street estimates for fourth-quarter revenue on Tuesday, as it sold fewer homes at lower prices to offset a hit to demand from higher mortgage rates.
Clean energy stocks might be in for a much-needed recharge this year as bets on interest rate cuts brighten their outlook following record outflows from this former ESG hot spot.
Investors withdrew over $100 billion from hedge funds last year in a second consecutive year of outflows of this scale, said a Nasdaq eVestment report on Tuesday.
Global index provider MSCI posted a higher fourth-quarter profit on Tuesday, as its product subscriptions benefited from a market recovery led by bets that the U.S. Federal Reserve is nearing an end to its record rate hike cycle.
German car sales are lagging the recovery in the global passenger car market, with 2024 sales expected to be 25% below pre-pandemic levels, data from German auto association VDA showed on Tuesday.
JetBlue Airways said on Tuesday it was evaluating further cost cuts after the company forecast a fall in first-quarter revenue amid early signs of softening domestic demand.
Super Micro Computer shares rose nearly 11% before the bell on Tuesday after the artificial intelligence server maker delivered blowout quarterly results and raised its full-year revenue forecast significantly ahead of Wall Street estimates.
Pfizer reported a surprise quarterly profit on Tuesday, helped by its cost-cutting measures and as the U.S. government returned fewer courses of COVID treatment Paxlovid than it had expected.
Chinese electric vehicle (EV) battery giant CATL forecast net profit growth of up to 48.1% in 2023 on Tuesday, representing sharply weaker growth than the previous year as it grappled with slowing demand and stiff competition.
General Motors on Tuesday reported lower pre-tax profit for the fourth quarter but gave investors an upbeat outlook for 2024 and signaled more capital could be returned to shareholders.
