Reported about 2 hours ago
Coinbase shares increased by 5% following news that President-elect Donald Trump plans to prioritize cryptocurrency in his upcoming term. As bitcoin prices also rise in anticipation of Trump's inauguration, both Coinbase and other crypto-related assets benefit from the positive market sentiment.
Source: YAHOO
Reported about 2 hours ago
President-elect Donald Trump plans to sign around 100 executive orders on his first day in office, addressing key issues such as immigration, energy policies, and tariffs. His likely actions include closing the southern border, reversing Biden’s energy regulations, and imposing a 25% tariff on imports from China, Mexico, and Canada.
Source: YAHOO
Reported about 2 hours ago
As Donald Trump prepares to take office again, regulatory changes and economic strategies come into focus. Scott Clemons discusses expected deregulation as well as potential tariffs, while highlighting that the upcoming Federal Reserve meeting on March 19 is crucial for assessing inflation and economic conditions.
Source: YAHOO
Reported about 2 hours ago
Bank of America has downgraded JetBlue Airways and Southwest Airlines to Underperform, while upgrading American Airlines Group to Neutral. Analysts Josh Lipton and Alexandra Canal discuss the reasons behind these ratings and the associated risks in the air travel sector.
Source: YAHOO
Reported about 2 hours ago
TD Cowen has upgraded Salesforce (CRM) to a Buy rating, increasing its price target to $400 per share, driven by optimism surrounding the Agentforce AI product and a year-end stock rally.
Source: YAHOO
Reported about 2 hours ago
Medicare has initiated negotiations to lower prices on 15 prescription drugs, which notably includes Novo Nordisk's weight-loss medications Ozempic and Wegovy, along with other medications from major pharmaceutical companies like Pfizer, AstraZeneca, and Merck. This effort aims to reduce drug costs for beneficiaries.
Source: YAHOO
Reported about 2 hours ago
The US stock market is on the rise as the Nasdaq Composite increased by over 1.5% and the Dow Jones Industrial Average saw a surge of nearly 3.7% over the past week. This performance marks the best trading week for the S&P 500 and Nasdaq since the 2024 election, as investors prepare for President-elect Donald Trump's return to the White House.
Source: YAHOO
Reported about 2 hours ago
Schlumberger's stock saw an increase on Friday after the oil driller reported strong fourth-quarter earnings, as shared by Market Domination hosts Josh Lipton and Alexandra Canal. The positive financial results have contributed to a favorable market reaction.
Source: YAHOO
Reported about 3 hours ago
The US Supreme Court has upheld the divest-or-ban law affecting TikTok, dismissing the company's First Amendment claims. This ruling precedes the January 19 deadline for ByteDance to divest its US operations or face a nationwide ban, coinciding with the inauguration of President-elect Donald Trump.
Source: YAHOO
Reported about 3 hours ago
The family behind Jack Cooper has acquired the less-than-truckload carrier Standard Forwarding through their entity, Sakaem Logistics. This move has been confirmed by internal communications at Standard Forwarding. Despite a quiet acquisition process, it coincided with Jack Cooper's struggles, including losing a major contract with Ford. The restructuring aims to retain jobs and bolster operations as former Jack Cooper LTL staff transition to Standard Forwarding Freight.
Source: YAHOO
Reported about 3 hours ago
FEMA is providing $770 in aid to Los Angeles residents affected by the California wildfires to help with essentials like food and water. Brad Smith details the eligibility criteria and application process for those seeking assistance.
Source: YAHOO
Reported about 3 hours ago
Goldman Sachs has offered John Waldron, its president and COO, an $80 million restricted stock package to encourage him to remain with the firm for another five years as a part of its succession strategy for CEO David Solomon. This move comes amid intense competition for talent in the financial sector, as Waldron has faced poaching attempts from rival firms. The retention package aims to solidify a strong leadership transition while recognizing Waldron's significant contributions over nearly three decades.
Source: YAHOO
Reported about 3 hours ago
Embracing frugal living can be an effective budgeting strategy, as discussed by Jill Sirianni and Jen Smith on the Frugal Friends podcast. They emphasize the importance of managing resources wisely rather than viewing frugality as being cheap. Sirianni suggests starting with a 90-day transaction inventory to review spending habits, optimizing values in your lifestyle, and incorporating habits that align with your financial goals. The insights are part of their work in 'Buy What You Love Without Going Broke,' offering a guide to better budgeting.
Source: YAHOO
Reported about 3 hours ago
Cognosphere, the developer behind Genshin Impact, has agreed to pay $20 million to settle allegations from the U.S. Federal Trade Commission (FTC) that it violated children's privacy laws. The company will also block children under 16 from making in-game purchases without parental consent. The FTC accused Cognosphere of misleading marketing related to loot boxes and obscuring real costs to young players.
Source: YAHOO
Reported about 3 hours ago
Morgan Stanley analysts predict that a potential TikTok ban in the U.S. could shift nearly $10 billion in ad revenue to competing platforms such as Meta and YouTube. They believe Meta could become the biggest benefactor due to its extensive user base across Instagram, Facebook, and WhatsApp. YouTube, particularly its Shorts feature, may also see increased engagement, though it monetizes at a lower rate. Other platforms like Snapchat, Pinterest, and Roblox could compete for this advertising revenue as well.
Source: YAHOO
Reported about 3 hours ago
Passive investing, especially through market index funds like the S&P 500, is proposed as an effective strategy for retirement savings due to its simplicity, cost-effectiveness, and built-in diversification. Yahoo Finance's Kerry Hannon emphasizes the long-term benefits of this approach over actively managed funds.
Source: YAHOO
Reported about 3 hours ago
As President-elect Donald Trump prepares to take office, market volatility is on the rise due to uncertainties surrounding his administration's policies, particularly regarding tariffs, inflation, and national debt. Analyst Ben Werschkul discusses how these factors, along with Scott Bessent's role as Treasury Secretary, contribute to market fluctuations as investors react to the lack of concrete plans from Trump on key issues.
Source: YAHOO
Reported about 4 hours ago
Netflix's upcoming fourth quarter earnings report is expected to reflect a strong performance, with a significant emphasis on live sports content shaping the platform's strategy. Analyst Geetha Ranganathan highlights that year-round programming, such as WWE, has led to increased subscriber retention and anticipates similar deals in sports like Formula 1 and UFC, contributing to Netflix's narrative around capturing and retaining audiences.
Source: YAHOO
Reported about 4 hours ago
Amid a summer heat wave, Argentina is in talks with Bolivia and Chile to resume gas imports, as the country faces increased energy demands. Bolivia's YPFB reported negotiations for a potential short-term contract lasting 6 to 12 months, while Chile aims to supply Northern Argentina. Although Bolivia's gas exports to Argentina ceased in September due to increased domestic production in Argentina, extreme temperatures have intensified the need for energy. However, outstanding debts from Argentina to YPFB complicate the negotiations.
Source: YAHOO
Reported about 4 hours ago
As Donald Trump prepares for his inauguration next week, stock markets are experiencing a surge, buoyed by positive inflation data and expectations of business-friendly policies. While cryptocurrencies and shares of companies associated with Trump, such as Tesla and Trump Media & Technology Group, have rallied, there are signs of caution among investors due to potential volatility from upcoming executive orders and uncertainty surrounding Trump's trade policies and inflation impact.
Source: YAHOO
Reported about 4 hours ago
President Biden has finalized a $996 million loan for Ioneer's Rhyolite Ridge lithium project in Nevada, increasing funding to bolster U.S. lithium production and support the green energy initiative. This new loan, which is almost 50% larger than a previous commitment, aims to supply lithium for electric vehicle manufacturing by 2028, as the U.S. seeks to reduce dependence on foreign sources, particularly from China. Construction is set to begin later this year, with the project projected to produce 22,000 metric tons of lithium annually.
Source: YAHOO
Reported about 4 hours ago
The Federal Reserve announced its departure from an international group of central banks aimed at addressing climate change, following criticism from Republican lawmakers. The decision was made as the organization expanded its focus beyond the Fed's statutory responsibilities, with five out of seven governors supporting the exit.
Source: YAHOO
Reported about 4 hours ago
The U.S. government has announced that Wegovy, Novo Nordisk's weight-loss drug, is among the 15 medicines set for Medicare price negotiations in 2027. This inclusion may lead to price cuts, potentially increasing access to GLP-1 drugs for those over 65, although it does not resolve issues for uninsured patients. The impact on sales is expected to be limited, as many prescriptions already go through discounted channels. The negotiated prices will not consider existing rebates and cuts, indicating that the overall effect might be modest.
Source: YAHOO
Reported about 4 hours ago
TikTok's anticipated shutdown poses a significant risk to small and medium-sized businesses that rely on the platform for revenue, as the Supreme Court has upheld a national security ban. Many companies, including food and beauty brands, have benefited from TikTok's vast reach, generating billions in sales. With the loss of TikTok, these businesses face a drastic drop in income and are now seeking alternative marketing strategies. Influencers are also experiencing uncertainty as they brace for the potential loss of their primary income source.
Source: YAHOO
Reported about 4 hours ago
In a final act before President-elect Donald Trump's inauguration, the Biden administration's Department of Education has announced the forgiveness of $600 million in student loans for over 4,500 federal borrowers. This brings Biden's total debt cancellation to approximately $188.8 billion for more than 5 million borrowers, including some relief for DeVry University students misled by false job placement claims.
Source: YAHOO