News

(Bloomberg) -- Traders upped bets for further interest-rate cuts from the Bank of England this year after policymakers lowered borrowing costs by a quarter point as expected — with two voting for a bigger reduction.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to Help Fix Fentanyl CrisisNY Transi

Sport boat manufacturer MasterCraft (NASDAQ:MCFT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 36.3% year on year to $63.37 million. On the other hand, next quarter’s revenue guidance of $75 million was less impressive, coming in 7.2% below analysts’ estimates. Its non-GAAP profit of $0.10 per share was significantly above analysts’ consensus estimates.

Network chips maker MACOM Technology Solutions (NASDAQ: MTSI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 38.8% year on year to $218.1 million. Guidance for next quarter’s revenue was optimistic at $230 million at the midpoint, 2.1% above analysts’ estimates. Its non-GAAP profit of $0.79 per share was in line with analysts’ consensus estimates.

Aerospace and defense company Huntington Ingalls (NYSE:HII) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 5.4% year on year to $3.00 billion. Its GAAP profit of $3.15 per share was 10.8% below analysts’ consensus estimates.

Gaming metaverse operator Roblox (NYSE:RBLX) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 31.8% year on year to $988.2 million. The company expects next quarter’s revenue to be around $1.00 billion, coming in 2.5% above analysts’ estimates. Its GAAP loss of $0.33 per share was 26.2% above analysts’ consensus estimates.

Global music entertainment company Warner Music Group (NASDAQ:WMG) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 4.7% year on year to $1.67 billion. Its GAAP profit of $0.45 per share was 34% above analysts’ consensus estimates.

The United States' decision to freeze and potentially scrap its core aid agency jolted countries receiving its funding and could make it harder for emerging economies to attract private cash, investors said. The U.S. Agency for International Development (USAID) not only disbursed $44 billion in fiscal 2023, but anchors private investment in everything from healthcare to small businesses, and underpins the creditworthiness of bigger emerging markets borrowing money on sovereign debt markets.