Over the last decade the U.S. has attracted the bulk of the capital flows, and the U.S. stock market is trading at one of the highest valuations in history.
The failures of tariffs and industrial policies in the United States, Japan, and China underscore the broader limitations of anti-market economic strategies.
President Donald Trump on Thursday has signed executive orders on digital assets, aiming to bolster U.S. leadership in the crypto industry while halting progress on central bank digital currencies.
Freight and logistics provider Covenant Logistics (NASDAQCVLG) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.2% year on year to $277.3 million. Its non-GAAP profit of $0.49 per share was in line with analysts’ consensus estimates.
China, the United States, and South Korea are ramping up efforts to expand their semiconductor industries through increased investments and government support to reduce reliance on Taiwan.
Freight rail services provider CSX (NASDAQCSX) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 3.8% year on year to $3.54 billion. Its non-GAAP profit of $0.42 per share was in line with analysts’ consensus estimates.
Analog chip manufacturer Texas Instruments (NASDAQTXN) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 1.7% year on year to $4.01 billion. Guidance for next quarter’s revenue was better than expected at $3.9 billion at the midpoint, 1.3% above analysts’ estimates. Its GAAP profit of $1.30 per share was 8.3% above analysts’ consensus estimates.
Rising net liquidity has been largely responsible for the surprisingly strong performance seen in both the economy and the financial markets over the past 2 years.
