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Tech Stocks Lead Wednesday's Market Rally

A tech stock-led surge propelled the market higher on Wednesday, as Netflix stock hit a record high following strong earnings. President Trump's announcement of a $500 billion private sector investment in AI infrastructure sparked enthusiasm in tech stocks, with Oracle, Nvidia, and SoftBank among the beneficiaries. Despite a rise in bond yields, BlackRock believes higher interest rates may become the new normal. Netflix's impressive earnings, coupled with price hikes, drove its stock to all-time highs. The S&P 500 reached near-record highs, while the Dow Jones Industrial Average and Nasdaq Composite also gained. Economic data releases include MBA Mortgage Applications and the Leading Index, while earnings reports are expected from Johnson & Johnson, Procter & Gamble, and other companies.

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.

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.

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.

Origin Bancorp reports Q4 profit of $14.3 million

Origin Bancorp Inc. reported $14.3 million in profit for the fourth quarter, with earnings per share of 46 cents, below expectations of 50 cents. Revenue was $139.5 million, with net interest revenue of $78 million, also missing forecasts.

Netflix Stock Surges on Strong Earnings, Subscriber Growth

Netflix stock surges after strong Q4 earnings, with 18.9 million new users and revenue beat. Analysts raise price targets, with Pivotal Research setting a Street-high $1,250 target. Netflix announces $15 billion stock buyback, boosts revenue outlook for 2025, and implements price hikes for its ad-supported and ad-free tiers.

LinkedIn Faces Lawsuit Over AI Training Data Privacy Breach

LinkedIn Premium Customers Sue Over Alleged Disclosure of Private Messages to Train AI Models

Trump Effect Leaves Davos Bankers Exuberant, Economists Cautious

The Trump effect: Excitement and optimism at Davos, with some concerns about tariffs and inflation. Bank executives are exuberant, while economists are more cautious.

Netflix Stock Surges as Earnings Beat Estimates, Subscriber Gains Impress

Netflix stock surged 13% after Q4 earnings beat expectations, with a record number of new users and a $15 billion stock buyback. The streaming giant raised prices and projected 2025 revenue growth.