Core Points - The U.S. and Taiwan have finalized a trade agreement that establishes a 15% tariff rate on U.S. imports from Taiwan while Taiwan commits to reducing tariffs on nearly all U.S. goods [1][3] - Taiwan is set to significantly increase its purchases of U.S. goods, including $44.4 billion in liquefied natural gas and crude oil, $15.2 billion in civil aircraft and engines, and $25.2 billion in power grid equipment and generators from 2025 to 2029 [2] - The agreement modifies a previous trade deal by reducing tariffs on Taiwanese goods, particularly in the semiconductor sector, from 20% to 15%, aligning Taiwan with South Korea and Japan [3] Trade Impact - The deal will eliminate Taiwan's tariffs of up to 26% on various agricultural imports, including beef, dairy, and corn, enhancing U.S. export opportunities [3] - U.S. Trade Representative Jamieson Greer emphasized that the agreement will strengthen the economic relationship with Taiwan and improve supply chain resilience, especially in high-tech sectors [4]

Citigroup CEO Jane Fraser's pay rises to $42 million after banner year | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Jane Fraser CEO, Citi, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023. REUTERS/Mike Blake/File Photo [Purchase Licensing Rights, opens new tab]- Companies[Citigroup Inc]Follow[Goldman Sachs Group Inc]Follow[Morgan Stanley]FollowFeb 12 (Reuters) - Citigroup [(C. ...

Cryptocurrency exchange Coinbase swings to quarterly loss on trading slowdown | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 The Coinbase logo in this illustration taken on November 3, 2025. REUTERS/Dado Ruvic/Illustration[1/2]The Coinbase logo in this illustration taken on November 3, 2025. REUTERS/Dado Ruvic/Illustration [Purchase Licensing Rights, opens new tab]- Companies[Circle Internet Group Inc]Follow[Coinbase G ...

Core Insights - Instacart forecasts strong growth in gross transaction value (GTV) and core profit for the current quarter, driven by demand for essential goods and an expanding advertising business [1] - The company reported a 14% increase in GTV for the fourth quarter, reaching $9.85 billion, surpassing estimates [1] - Instacart's advertising revenue exceeded $1 billion in 2025, with a significant increase in active brands [1] Financial Performance - For the current quarter, Instacart expects GTV between $10.13 billion and $10.28 billion, indicating an 11% to 13% year-on-year growth [1] - Adjusted earnings before tax, depreciation, and amortization (EBITDA) are projected to be between $280 million and $290 million, slightly above analysts' expectations [1] - In the fourth quarter, adjusted core profit was $303 million, exceeding estimates of $292.2 million [1] Market Dynamics - The demand for essentials has increased as consumers seek affordable options amid inflation, contributing to a 16% rise in orders [1] - Instacart faces heightened competition from Amazon and Kroger, which may impact its market share [1] - The company has launched an app on OpenAI's ChatGPT, indicating a move towards technological integration in its services [1]

Pinterest forecast first-quarter revenue below estimates on Thursday, underscoring the image-sharing platform's ongoing struggle to compete for advertising dollars against deep-pocketed platforms, sen... ...

Core Viewpoint - Roku forecasts annual revenue exceeding Wall Street estimates, driven by a rebound in the digital advertising market and a shift towards ad-based streaming [1] Group 1: Financial Performance - Roku expects annual revenue of $5.50 billion, surpassing analysts' average estimate of $5.34 billion [1] - The company anticipates platform revenue growth of 18%, reaching $4.89 billion by 2026 [1] Group 2: Market Trends - Streaming viewership has significantly increased, with connected TV devices becoming primary viewing platforms for many households [1] - The shift in consumer habits is benefiting Roku, as more customers transition to streaming platforms [1] Group 3: Stock Market Reaction - Shares of Roku rose by 8% in extended trading following the revenue forecast announcement [1]

Core Viewpoint - Rivian Automotive forecasts a 53% increase in deliveries by 2026, aligning with Wall Street expectations, primarily due to the launch of its more affordable R2 SUVs [1] Company Summary - Rivian is set to roll out its R2 SUVs, which are expected to drive significant growth in deliveries [1] Industry Summary - The electric vehicle market is anticipated to see increased competition and growth, particularly with the introduction of more affordable models like Rivian's R2 SUVs [1]

Core Viewpoint - Airbnb forecasts first-quarter revenue between $2.59 billion and $2.63 billion, exceeding Wall Street estimates of $2.53 billion, driven by demand for premium rentals despite a decline in cost-conscious customer bookings [1] Financial Performance - In the fourth quarter, Airbnb reported earnings per share of 56 cents, down from 73 cents a year earlier, with quarterly revenue of $2.78 billion, surpassing expectations of $2.71 billion [1] Revenue Projections - The company anticipates revenue growth of "at least low double-digits" for 2026, while analysts project a growth rate of 10.24% [1] Market Strategy - Airbnb has launched a new segment for booking services like private chefs and yoga instructors to compete with hotels, where half of the experiences booked in the fourth quarter were not linked to accommodation [1] - The company is expanding its offerings by partnering with boutique and independent hotels in cities with limited rental supply, such as New York and Madrid, to increase its total addressable market [1] Industry Context - Other travel companies, including Marriott and United Airlines, are also seeing strong performance from high-end travelers, while lower-end customers face challenges due to inflation and economic uncertainty [1]

Group 1 - Applied Materials forecasts second-quarter revenue of approximately $7.65 billion, exceeding market estimates of $7.01 billion, with a margin of plus or minus $500 million [1] - The company anticipates an adjusted profit of about $2.64 per share, compared to estimates of $2.28 per share, with a margin of plus or minus 20 cents [1] - The surge in demand for AI processors is driving sales of chipmaking equipment, contributing to the company's optimistic outlook [1] Group 2 - Applied Materials is benefiting from a global memory shortage, as memory providers are increasing investments to boost manufacturing capacity [1] - The company's shares rose by 9% in extended trading following the positive forecast [1] - As the largest U.S. semiconductor equipment maker, Applied Materials is positioned to capitalize on the expanding production capacity of chip manufacturers [1]

Core Viewpoint - Vertex Pharmaceuticals forecasts 2026 revenue largely in line with analysts' estimates, driven by growth in cystic fibrosis treatments and contributions from newer products [1] Group 1: Revenue Forecast - The company anticipates revenue for 2026 to align closely with analyst expectations [1] - Growth is expected primarily from cystic fibrosis treatments [1] Group 2: Product Contributions - Newer products are also expected to contribute to the revenue growth [1]