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Salesforce CEO Marc Benioff Fires Shots at Microsoft's AI Tools and Praises His Own

Salesforce CEO Marc Benioff says Microsoft's Copilot is a "repackaged ChatGPT" and that the notion of business applications will collapse in the agent era.

Netflix Beats Estimates, Surges 10% as NFL Games, 'Squid Game' Help Boost Subscribers

Netflix stock soars to all-time high after Q4 earnings beat expectations, adding 18.9 million subscribers. Revenue and EPS also exceed estimates, driving stock price up nearly 10%. Company announces $15 billion stock buyback and boosts full-year revenue outlook.

Ralph Lauren CEO: Tariffs Are a Pressure Point, but We Can Manage

A 25% tariff on China would hurt Ralph Lauren, but CEO Patrice Louvet says the company can manage it. Tariffs could impact apparel companies, but stocks have shrugged off concerns.

South Korea's Economy Barely Grows amid Political Turmoil

South Korea's economy grew a mere 0.1% in Q4 2024, below expectations, as the political crisis hurt domestic demand. GDP rose 1.2% annually in Q4 and 2.0% in 2024.

Stocks Are Overvalued, Warns JPMorgan CEO Jamie Dimon

JPMorgan CEO Jamie Dimon warns that stocks are overvalued, citing inflation risks and geopolitical tensions. Concerns echo Goldman Sachs' warning that the market is "priced for perfection."

SK Hynix Extends Its Lead in Advanced Memory Chips for Data Centers and AI Development

SK Hynix reports record quarterly profit on strong demand for advanced memory chips used in datacenters and AI development. The company remains the leading supplier of HBM chips to Nvidia, benefiting from the AI-fueled datacenter spending spree by Big Tech companies.

Fortescue Ore Shipments Rise, Adding to Supply Glut Worries

Fortescue's iron ore shipments rose 1% in the last quarter, adding to concerns about oversupply as Chinese demand wanes. The miner exported 49.4 million tons in the three months to end-December, retaining full-year shipment guidance of 190-200 million tons.

Oil Dips as Industry Report Points to First US Crude Build

Oil prices dip after industry report shows first increase in US crude stockpiles since November, while market awaits further action on global trade from President Trump.

Discover Financial Q4 Profit Jumps Threefold on Lower Credit Loss Provisions, Higher Interest Income

Discover Financial reports a surge in Q4 profit, boosted by lower credit loss provisions and higher interest income. The company's results reflect optimism in the economy despite a potential soft landing scenario.

NISA-Driven Surge in Japanese Overseas Equity Purchases Weighs on Yen

Japanese retail investors' appetite for overseas equities is weighing on the yen, exacerbating downside risks from tariffs and interest rate differentials.