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Trump Defends US Tech Giants Against EU Antitrust Actions

US Stocks Edge Higher; Investors Digest Trump's Davos Speech

US stocks closed higher on Thursday with the S&P 500 (^GSPC) nabbing a fresh record close as investors listened closely to US President Donald Trump's remarks from the World Economic Forum in Davos, Switzerland. The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average (^DJI) popped around 0.9% but was unable to secure its own record, while the Nasdaq Composite (^IXIC) recovered from earlier losses to close up about 0.2%. Investors are still digesting Trump's early-days policy charge, which brought an AI push that invigorated tech names but left unclear when the outlined tariffs on big trading partners - a risk for inflation and stocks - might hit.

VW, Rivian Joint Venture in Talks With Other Automakers on Software, Architecture Supply

Volkswagen and Rivian joint venture is in talks with automakers to supply software and electrical architecture. Rivian's technology simplifies manufacturing and enables software-defined vehicles.

UnitedHealth Taps Tim Noel as New UnitedHealthcare CEO

UnitedHealth Group Names Tim Noel as CEO of UnitedHealthcare, Replacing Brian Thompson

SouthState Reports Q4 Earnings of $1.44B, Exceeds Estimates

SouthState Corporation (SSB) reported Q4 earnings of $1.87 per share, exceeding Wall Street expectations of $1.73 and revenue of $629.4 million, above estimates of $435.6 million.

Trump Rolls Back Biden-Era Generic Drug Plan

President Trump revokes Biden's executive order to cap prescription drug prices at $2 for Medicare patients, signaling a different approach to healthcare policy.

US Stocks Drift on AI Optimism and Tariff Uncertainty

US stocks were mixed on Thursday, with the S&P 500 and Dow Jones Industrial Average edging higher, while the Nasdaq Composite slipped. Investors digested corporate earnings and awaited President Trump's speech at the World Economic Forum for updates on trade policy.

First Mid Bancshares Q4 Earnings Top Estimates

First Mid Bancshares reports Q4 net income of $19.2 million, surpassing analysts' estimates. Earnings per share were 80 cents, and adjusted earnings were 87 cents.

Cisco CEO on Trump, Trade War, and the Importance of Tax Cuts

Cisco CEO Chuck Robbins says US-China relations are crucial for global economy, with Cisco's China business seeing a 35% decline in revenue amid fierce competition.

US Retailers Brace for Trump Tariffs Despite Diversification Efforts

Retail CEOs are better equipped to handle tariffs this time as Trump retakes the Oval Office. Find out how they've diversified supply chains and negotiated with suppliers to mitigate price increases.