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Tech Stocks Rise as AI Hopes Surge

Tech stocks led the market on Wednesday as Netflix stock surged to a record high, while President Donald Trump's boost to AI demand hopes outweighed fresh tariff worries. The Nasdaq Composite (^IXIC) rose nearly 1.3%, bolstered by a jump in Netflix shares on the heels of surprisingly strong earnings. The S&P 500 (^GSPC) climbed more than 0.6% to close just shy of its record high, while the Dow Jones Industrial Average (^DJI) was up 0.3%.

Gap CEO Dickson: Breaking Up the Retailer 'Difficult,' Focus on Growth

Gap CEO Richard Dickson rejects breakup rumors, focuses on growth and value creation

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.

Stellantis Makes Major US Moves in Response to Trump

Stellantis announces major investments in the US, including a new midsize pickup truck at the Belvidere plant and next-gen Dodge Durango SUV at the Detroit Assembly Complex.

Gap CEO Dismisses Breakup Rumors

Gap CEO Richard Dickson discusses the company's turnaround, dismissing breakup rumors and focusing on platform growth, improved operations, and increased sales.

Trump Tariffs Loom Over Retailers in 2025

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.

SLG Misses Q4 FFO Estimates

SLG falls short of Q4 earnings estimates, posts FFO of $1.45 per share vs. estimates of $1.53 per share. Revenue came in at $245.9 million, also missing estimates.

Trade Tensions, Russian Sanctions Weigh on Oil

Oil prices edge lower as Trump threatens tariffs on China and the EU, while traders assess impact of unprecedented US sanctions on Russia.

CEOs Eye Dealmaking Surge in 2025 After Trump Re-election

Global CEOs foresee a surge in corporate dealmaking in 2025, with a majority planning mergers and acquisitions following Donald Trump's re-election.

Retailers Gird for Tariffs as Trump Returns: Lessons Learned and Strategies Refined

Retail CEOs have diversified supply chains and are negotiating with suppliers to mitigate the impact of Trump's proposed tariffs. Read how they plan to handle potential price increases and maintain customer value.