News

Apple’s Use of SiTime in iPhone 16e Fuels Stock Rally for Chipmaker

(Bloomberg) -- The appearance of SiTime Corp. components in the new iPhone 16e is fueling a stock rally for the little-known chipmaker, sending the shares up 20% on Wednesday.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowRemembering the Landscape Architect Who Embraced the CityA device

Victoria's Secret (NYSE:VSCO) Exceeds Q4 Expectations But Stock Drops

Intimatewear and beauty retailer Victoria’s Secret (NYSE:VSCO) announced better-than-expected revenue in Q4 CY2024, with sales up 1.1% year on year to $2.11 billion. On the other hand, next quarter’s revenue guidance of $1.32 billion was less impressive, coming in 5.3% below analysts’ estimates. Its non-GAAP profit of $2.60 per share was 13.2% above analysts’ consensus estimates.

Emerging-Market Assets Rally as Doubts Mount Over US Growth

(Bloomberg) -- Developing-nation assets jumped on bets higher tariffs will slow the US economy and divert investment flows into other markets. Most Read from BloombergRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’Trump Administration Plans to Eliminate Dozens of Housing OfficesHow Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowRemembering the Landscape Architect Who Embraced the CityAn MSCI Inc. gauge for emerging-market st

NN (NASDAQ:NNBR) Misses Q4 Sales Targets, But Stock Soars 9.1%

Industrial components supplier NN (NASDAQ:NNBR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 5.3% year on year to $106.5 million. The company’s full-year revenue guidance of $465 million at the midpoint came in 1% below analysts’ estimates. Its non-GAAP loss of $0.02 per share was 64.7% above analysts’ consensus estimates.