Market

Covenant Logistics Group, a Chattanooga-based company, reported a 1% increase in fourth-quarter revenue to $277 million. The company anticipates improved market conditions in the freight industry over the next several months.

Published on: January 24, 2025, 08:00 PM UTC

US energy firms reduce oil and gas rig count for a third week, signaling lower future output.

Published on: January 24, 2025, 07:05 PM UTC

In a move to maintain the dollar's global dominance, President Trump has prioritized crypto stablecoins, aligning with issuers like Tether and Circle. Trump's executive order promotes stablecoin development and growth while halting work on a central bank digital currency. The order acknowledges the potential of stablecoins in payments and transfers, especially in emerging economies, and emphasizes the US's competitive advantage in the digital asset space. Amidst growing concerns and investigations, stablecoin issuers remain optimistic, with Tether considering US expansion and Circle planning an IPO.

Published on: January 24, 2025, 07:05 PM UTC

Morgan Stanley CEO Predicts Deregulation, M&A Wave Under Trump, Benefitting Banks and Energy Companies

Published on: January 24, 2025, 07:04 PM UTC

Despite a turbulent week, US stocks are on track for gains above 2% by the close of the holiday-shortened week. Investors are weighing the latest earnings reports and President Trump's hints of a softening stance on China tariffs. These remarks have eased fears of a potential trade war and boosted investor optimism.

Published on: January 24, 2025, 07:03 PM UTC

A strong dollar is boosting travel to Europe, with major airlines like United and Delta seeing record profits. The greenback's rise has made US products more expensive abroad but has also increased the purchasing power of US travelers in Europe. As a result, airlines are adding more routes to popular European destinations and expanding their premium travel offerings to capitalize on the increased demand.

Published on: January 24, 2025, 07:03 PM UTC

Tesla launches updated Model Y with new exterior, interior, suspension, and more starting at $59,990.

Published on: January 24, 2025, 07:02 PM UTC

Ray Dalio, founder of Bridgewater Associates, warns that the rising 10-year yield could hurt momentum stocks like Nvidia and Amazon. He urges investors to diversify their portfolios and consider debt concerns when making investment decisions.

Published on: January 24, 2025, 07:02 PM UTC

Despite Trump's initial AI project announcement with partners like Oracle and Nvidia, the project faces questions about funding and job creation. OpenAI CEO refutes claims, but The Financial Times reports that Stargate has yet to secure financing and will receive no government support.

Published on: January 24, 2025, 07:02 PM UTC

President Trump has connected the fate of TikTok to his top issue of tariffs, suggesting he may impose tariffs on China if they don't approve a potential future deal for the social media app. China's President Xi has also expressed common interests and room for cooperation with the US. Meanwhile, Trump has softened his rhetoric towards China while continuing to highlight tariffs as a potential tool.

Published on: January 24, 2025, 07:01 PM UTC