Tag: future

Trump demands lower interest rates, hinting at a clash with the Federal Reserve. He says rates should align with US monetary policy and has criticized Fed Chair Jerome Powell in the past.

Published on: January 23, 2025, 07:01 PM UTC

US stocks mixed on Thursday as investors monitor President Trump's remarks at Davos. The S&P 500 rose over 0.1%, while the Dow Jones Industrial Average traded 0.6% higher. The Nasdaq Composite dropped 0.2% as tech stocks faced headwinds. Investors await earnings reports and keep an eye on trade developments amid Trump's focus on tariffs.

Published on: January 23, 2025, 05:03 PM UTC

The Nasdaq Composite (^IXIC) surged nearly 1.3% higher, bolstered by a jump in Netflix shares on the back of surprisingly strong earnings. The S&P 500 (^GSPC) gained more than 0.6% to close just shy of its record high of 6,090. Meanwhile, the Dow Jones Industrial Average (^DJI) rose 0.3%, following a gain of over 500 points on Tuesday.

Published on: January 23, 2025, 02:04 PM UTC

Tech stocks led a market surge Wednesday as Netflix shares reached a record high after a strong earnings report, while President Donald Trump's focus on AI investments outweighed fresh tariff concerns. The Nasdaq Composite (^IXIC) climbed nearly 1.3%, boosted by a jump in Netflix shares, while the S&P 500 (^GSPC) gained over 0.6%, nearing its record high. The Dow Jones Industrial Average (^DJI) rose around 0.3%, following a significant gain on Tuesday. Trump's 'Stargate' initiative, a $500 billion private sector investment in AI infrastructure, sparked enthusiasm in tech stocks like Oracle (ORCL), SoftBank (9984.T), and Arm Holdings (ARM), despite worries about a Trump-led trade war.

Published on: January 23, 2025, 12:03 PM 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

Meta's revamped ad-free subscription service could still break EU consumer and privacy laws as well as antitrust rules, the European Consumer Organisation (BEUC) said on Thursday, urging regulators to take action against the U.S. tech giant.

Published on: January 23, 2025, 10:01 AM UTC

Stockholm-based startup Neko Health secures $260 million in Series B funding, valuing the company at $1.8 billion post-money. The investment will fuel Neko's expansion into new markets, development of diagnostics, and opening of more clinics.

Published on: January 23, 2025, 09:03 AM UTC

Gold hovers near record as Trump's trade threats spur haven demand

Published on: January 23, 2025, 09:01 AM UTC

Trump tariffs pose a significant threat to retailers, with Ralph Lauren facing potential harm due to its reliance on Chinese sourcing. Despite this, the company's stock has outperformed amid optimistic consumer sentiment, and CEO Patrice Louvet emphasizes a focus on serving customers despite potential price increases.

Published on: January 23, 2025, 06:01 AM UTC

Jamie Dimon and Elon Musk have reconciled after years of feuding. Dimon supports Musk's efforts with the Department of Government Efficiency (DOGE), saying he'd "love to be helpful" with the government efficiency effort.

Published on: January 23, 2025, 03:00 AM UTC