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Hair care company Olaplex (NASDAQ:OLPX) announced better-than-expected revenue in Q4 CY2024, but sales fell by 9.8% year on year to $100.7 million. The company’s full-year revenue guidance of $420.5 million at the midpoint came in 4.4% above analysts’ estimates. Its non-GAAP profit of $0.01 per share was in line with analysts’ consensus estimates.

Growth expectations for the U.S. economy are falling as China and Canada announce their next move in the tit-for-tat trade spat with the White House.

Wall Street's main indexes fell on Tuesday, with the tech-heavy Nasdaq leading declines, as investors feared that an escalating trade war between the U.S. and its partners could damage the economy. The Nasdaq Composite index fell 10% from its record high hit on December 16 into what is commonly known as correction territory. At 10:01 a.m. ET, the Dow Jones Industrial Average fell 610.73 points, or 1.41%, to 42,580.51, the S&P 500 lost 86.35 points, or 1.50%, to 5,762.26 and the Nasdaq Composite lost 284.14 points, or 1.55%, to 18,066.06.

WASHINGTON (Reuters) -A new task force in the Republican-controlled U.S. House of Representatives on Tuesday began an examination of the Federal Reserve's role and goals, with Republicans raising questions about its track record on controlling inflation, and Democrats on watch for the impact of President Donald Trump's freshly imposed tariffs and other economic policies. Unlike some congressional task forces that mostly operate on the back burner, the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force's inaugural hearing drew support from the committee's top leadership, with both Chairman French Hill and the House Financial Services Committee's top Democrat, Representative Maxine Waters, querying witnesses.

President Donald Trump on Tuesday will address Congress for the first time in his second term, and he’ll do with an economy that’s continuing to chug along.

Money market account interest rates today are still well above historical norms. Find out where to get the best money market account rates now.

Semiconductor Manufacturing International Corporation (SMIC) is up over 75% for the year so far, making it one of the Hang Seng's best performing stocks.