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Nasdaq's fourth-quarter profit rises on fintech strength

The company has been expanding outside its market-sensitive core activities of trading and listing to products that help traders navigate compliance requirements and safeguard against financial crimes. Revenue from Nasdaq's financial technology business rose nearly 9.8% in the fourth quarter. Hopes of a soft landing for the U.S. economy, strong equity markets and expectations of a friendlier regulatory environment for deals and offerings under the Trump administration breathed new life into the U.S. IPO market during the reported quarter.

Trump’s 9-Hour Economic War on Colombia Rattles Emerging Markets

(Bloomberg) -- For most of the time since Donald Trump won office, Colombia appeared safely out of his crosshairs. Preoccupied with the likes of Mexico and China, he barely uttered a word about the country, giving traders in Bogota the confidence to steadily bid up the peso and stock prices. Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas H

Gold Market Launches Ledger To Track Bars From Refiner to Vault

(Bloomberg) -- The gold market has launched a digital database to track bullion and keep precious metal from illicit sources out of the market.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO for LA RebuildingThe Gold Bar Integrity Datab

Brinker International’s (NYSE:EAT) Q4: Strong Sales, Stock Soars

Casual restaurant chain Brinker International (NYSE:EAT) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 26.5% year on year to $1.36 billion. The company’s full-year revenue guidance of $5.2 billion at the midpoint came in 6.1% above analysts’ estimates. Its non-GAAP profit of $2.80 per share was 50.9% above analysts’ consensus estimates.

Goldman Strategists Say Tech Selloff Was No Bear Market Signal

(Bloomberg) -- The tech-led selloff in US equities at the start of this week was just a blip, given the positive outlook for the economy, according to Goldman Sachs Group Inc. strategists.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim CEO

AI stock shock could spark broader gains in US market

A development in the field of artificial intelligence that staggered asset prices could help set the stage for broader stock strength beyond the narrow group of technology shares that has propelled the market higher. Tech stocks, led by megacap companies, have been the driving force of the current bull market. The S&P 500 tech sector has gained some 90% in the past two years, nearly doubling the gain for the overall benchmark index.