Wall Street Breakfast Palantir soars on earnings, outlook
Feb 4, 2025
Palantir is making waves with a projected 31% revenue growth by 2025, fueled by the rise of AI. Meanwhile, tensions escalate as China retaliates with tariffs on U.S. coal and LNG, alongside a Google probe. Intuit faces scrutiny after Elon Musk claims the IRS Direct File program is dead. Plus, insights on Delta's in-flight gaming partnership and the upcoming dip in PayPal's Q4 earnings add more spice to the market mix. Tune in for the latest on stocks, economic trends, and financial news!
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Palantir Soars on Positive Q4 Results and 2025 Outlook
- Palantir's Q4 2024 results and outlook significantly exceeded market expectations, leading to an 18% pre-market stock surge.
- The company projected strong revenue growth for 2025, driven by accelerating AI adoption.
Tariff Updates: US-Canada Pause, China Retaliates
- The US paused planned tariffs on Canada after an agreement on border supervision, including new commitments to Canada's border plan.
- China retaliated against US tariffs with its own levies on US products like LNG, coal, and crude oil, effective February 10th.
IRS Direct File Program's Status and Impact
- Elon Musk claimed the IRS Direct File program ended, impacting companies like Intuit (TurboTax owner).
- The program offers free online tax filing and support, posing competition to commercial tax software.