Market

Tech stocks led a market rally on Wednesday, with Netflix stock surging to a record high. President Trump's push for AI investment boosted tech stocks, while fresh tariff concerns weighed on the Nasdaq. The S&P 500 climbed to near its record high, with strong earnings from Johnson & Johnson, Procter & Gamble, and others boosting sentiment. Despite the rally, PepsiCo CEO expressed confidence in the food industry amidst criticism from the Trump administration. Gold prices rose due to tariff uncertainties, while higher interest rates remain a concern for investors.

Published on: January 22, 2025, 11:02 PM UTC

Netflix stock surged to an all-time high after the streaming giant reported a record 18.9 million new subscribers in Q4, along with strong revenue and earnings growth. Analysts raised price targets, with Pivotal Research setting a Street-high target of $1,250. Netflix also announced a $15 billion buyback and boosted its full-year revenue outlook.

Published on: January 22, 2025, 11:02 PM UTC

SK Hynix posts record profit on strong sales of chips for generative AI

Published on: January 22, 2025, 11:00 PM UTC

Trump's proposed tariffs could hurt retailers like Ralph Lauren, which sources a large portion of its merchandise from China. However, apparel company stocks have shrugged off tariff concerns and are up in recent months.

Published on: January 22, 2025, 11:00 PM UTC

WesBanco Inc. (WSBC) reports Q4 profit of $49.6 million, exceeding Wall Street expectations with EPS of 71 cents per share. Annual revenue reaches $606.2 million.

Published on: January 22, 2025, 10:05 PM UTC

The U.S. extends the comment period on a federal study of the economic and environmental impacts of the booming liquefied natural gas (LNG) export business after advisers urged President Donald Trump to take a patient approach to prevent approvals from getting overturned in court.

Published on: January 22, 2025, 10:05 PM UTC

Netflix stock (NFLX) surged 10% to an all-time high on Wednesday after reporting a whopping 18.9 million new users and beating earnings expectations in the fourth quarter.

Published on: January 22, 2025, 10:04 PM UTC

Saudi Arabia's Public Investment Fund (PIF) continues its bond issuance spree, raising $4 billion in a dual-tranche offering. Despite initial price talk, the notes were priced with lower premiums due to strong demand, exceeding $16 billion. The deal follows a $12 billion bond issuance by the Saudi government and a $7 billion Islamic loan by PIF.

Published on: January 22, 2025, 10:04 PM UTC

Netflix stock (NFLX) surged nearly 10% to an all-time high on Wednesday driven by strong Q4 earnings, including a record subscriber gain, revenue beat, and positive guidance. Analysts raised price targets, with Pivotal Research setting the highest at $1,250. The company also announced a $15 billion stock buyback and boosted its full-year revenue outlook.

Published on: January 22, 2025, 10:01 PM UTC

A rally in big tech fueled by optimism over artificial intelligence and a batch of earnings from corporate heavyweights sent stocks to the brink of their all-time highs.

Published on: January 22, 2025, 10:01 PM UTC