Altria Reaffirms Guidance as Cigarette Sales Drop Nearly 14%

Apr 29, 2025 | Markets

Altria Group Inc. reaffirmed its full-year profit guidance even as the Marlboro maker wrestles with weak cigarette and oral tobacco product sales. The company still expects full-year 2025 adjusted diluted earnings per share growth of 2% to 5%, it said in a statement....

Slow Shift Out of Treasuries Is Likely, German Debt Chief Says

Apr 29, 2025 | Markets

Investors spooked by the upheaval caused by President Donald Trump’s trade tariffs are likely to gradually shift away from US Treasuries, according to the co-head of Germany’s debt agency. “The political uncertainty is not appreciated,” Tammo Diemer told reporters on...

Wall Street Sees US Playing Safe on Debt After Market Chaos

Apr 28, 2025 | Markets

Treasury Secretary Scott Bessent’s debt-management team is expected to keep the department’s plans for sales of longer-dated securities steady, especially after recent swings in the $29 trillion market. Despite having criticized his predecessor Janet Yellen for...

Big Tech’s Earnings Problem Is Estimates May Be Way Too High

Apr 28, 2025 | Markets

The last time Big Tech delivered earnings, Donald Trump had just started his second term, stocks were soaring on expectations of a pro-growth agenda and investors’ main worry was how long it would take companies to convert their artificial intelligence spending into...

Unhedged and Burned, Stock Investors Brace for More Dollar Pain

Apr 28, 2025 | Markets

For years, it was the money-minting trade for the investor set in London and Paris and Tokyo: Buy dollars and plow the proceeds into S&P 500 and Nasdaq stocks. Not only were US equity returns far superior to those generated at home, but they were magnified by the...