Month: January 2025
A smart hedge if the Magnificent 7 earnings next week don’t quite live up to lofty expectations
Investors’ Super Bowl is next week when most of the AI-themed “Magnificent Seven” (Mag 7) companies deliver their highly anticipated Q4 earnings reports. These names pushed the S & P 500 to fifty-seven record all-time highs in 2024, and the benchmark index established another new all-time high this week. In the event future returns have […]
Read More
Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | Reuters Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 to $65 billion in capital expenditure in 2025 as it continues […]
Read More
Russia’s Putin says he and Trump should meet to talk about Ukraine war, energy prices
Russian President Vladimir Putin winks during his annual televised year-end press conference and phone-in held in Moscow, Russia December 19, 2024. Maxim Shemetov | Reuters Russian President Vladimir Putin said on Friday he was open to discussions with U.S. President Donald Trump on issues such as the Ukraine war and energy prices, and said it […]
Read More
SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
Avishek Das | Lightrocket | Getty Images After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin — […]
Read More
Here’s what CEOs are saying about DEI at Davos
Davos WEF Here’s what CEOs are saying about DEI at Davos Published Fri, Jan 24 20258:40 AM ESTUpdated 15 Min Ago Brandon Gomez@in/brandon-gomez/@bgomezreports WATCH LIVE Source
Read More
Stocks making the biggest moves premarket: Twilio, Boeing, Novo Nordisk, CSX and more
Check out the companies making headlines before the stock market opens. Boeing — The airplane maker slipped slipped 1.3% after preliminary fourth-quarter financial results reflected ongoing struggles. Boeing said it expects to report a loss of $5.46 per share for the fourth quarter on revenue of $15.2 billion, less than analysts’ expectations, according to LSEG […]
Read More
How China’s new AI model DeepSeek is threatening U.S. dominance
A little-known AI lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America’s best despite being built more cheaply and with less-powerful chips. DeepSeek, as the lab is called, unveiled a free, open-source large-language model in late December that it says took only two months and less than $6 […]
Read More
Trump crypto plans have Wall Street CEOs ready to jump into digital assets
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images Just days into President Donald Trump’s second administration, Wall Street is singing […]
Read More
Universal’s ‘Wicked: For Good’ creates a unique marketing challenge
A still from the film “Wicked.” Source: Universal Studios Universal is hoping the excitement around “Wicked” can hang around — for good. The movie studio faces a unique challenge: promote and release two build-on films just one year apart. Part one of the “Wicked” cinematic project dazzled at the box office, collecting more than $700 […]
Read More
Costco shareholders reject call for review of diversity programs
A truck driver climbs into a semitruck at a Costco Wholesale location in Hawthorne, California, on March 14, 2020. Patrick T. Fallon | Bloomberg | Getty Images Costco Wholesale shareholders voted strongly against a proposal requesting a report on the risks of maintaining its diversity and inclusion initiatives, the U.S. company said on Thursday, sending […]
Read More