Business

Tech stocks surged Wednesday, led by Netflix's record high, while President Trump's $500 billion AI investment plan overshadowed tariff concerns. The Nasdaq Composite jumped nearly 1.3%, while the S&P 500 climbed over 0.6%. Trump's push to make the US a leader in AI boosted tech stocks like Oracle, SoftBank, and Nvidia.

Published on: January 23, 2025, 11:02 AM UTC

Gap CEO Richard Dickson explains why the company is not pursuing a breakup after considering it under previous management. Instead, Dickson focuses on growing its platform, improving operations and profit, and increasing sales.

Published on: January 23, 2025, 11:02 AM UTC

Cisco CEO Chuck Robbins discusses US-China trade relations and the impact on Cisco's business at the World Economic Forum in Davos, Switzerland.

Published on: January 23, 2025, 11:02 AM UTC

Listen to Yahoo Finance's top tips for starting a small business, from finding your target audience to setting a budget and just launching it.

Published on: January 23, 2025, 11:01 AM UTC

Trump tariffs on China threaten retailers like Ralph Lauren, but the company is working to mitigate the impact.

Published on: January 23, 2025, 11:01 AM UTC

Citi predicts a surge in Asian tech fundraising by 2025, fueled by AI advancements and strong activity in India and Taiwan.

Published on: January 23, 2025, 11:01 AM UTC

Essity may shift production to the U.S. from Mexico and Canada due to potential tariffs, but plant closures are not being considered.

Published on: January 23, 2025, 11:01 AM UTC

U.S. fintech firm Broadridge Financial plans to expand its India tech staff by 26% to 6,800 people over three years to sell its products in India.

Published on: January 23, 2025, 11:00 AM UTC

IAG emerges as a frontrunner to acquire a stake in Portugal's TAP, potentially valued at $1 billion, amid industry consolidation efforts in Europe to compete with global rivals.

Published on: January 23, 2025, 10:03 AM UTC

The Nasdaq Composite (^IXIC) led the tech rally on Wednesday after Netflix (NFLX) shares reached a record high thanks to strong earnings. President Donald Trump's support for AI initiatives also boosted investor sentiment in the sector, with Oracle (ORCL) rising nearly 7% on the prospect of higher AI spending. However, the Dow Jones Industrial Average (^DJI) saw a modest 0.3% increase, while the S&P 500 (^GSPC) gained 0.6%. Corporate earnings continued to pour in, with Johnson & Johnson (JNJ) reporting better-than-expected results but seeing its stock dip, and Procter & Gamble (PG) rallying after exceeding sales forecasts. Despite concerns about a Trump-induced trade war, the Nasdaq ended the day up nearly 1.3%.

Published on: January 23, 2025, 10:02 AM UTC