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The tech industry is bracing for changes as President-elect Donald Trump returns to the White House in 2025. Chamber of Progress CEO and founder Adam Kovacevic joins Brad Smith and Josh Lipton on Market Domination Overtime to discuss his tech industry outlook. "One of the, I think, good pieces of news is that President-elect Trump has appointed a number of people from the tech world, venture capitalists, people with tech experience to prominent positions," Kovacevic says, noting that this is a "good sign" for the industry. He adds that Trump's second term will likely lead to a shift in the US government's attitude toward AI. The Biden administration's "main approach to artificial intelligence was to say, 'This is an area where we ought to tread carefully, put up guardrails, and focus on safety,'" Kovacevic says. "What I think you are going to see with Trump is a pivot from safety to really [seeing] AI as an economic asset for the United States, a national asset for the United States, where we should go out and beat other countries, particularly China in AI." Watch the video above to hear more about the expected tech landscape in 2025, including the possible TikTok ban, Big Tech execs courting Trump, Musk's role in the US government, and more. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan...
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US benchmark equity indexes rose Tuesday as markets closed early on Christmas Eve, with Tesla (TSLA)...
Continue ReadingWall Street kicked off the Santa Rally season on a positive note, with all major indices and sectors closing higher in a shortened session ahead of the Christmas holiday. The S&P 500 climbed 1%, extending its gains for a third consecutive session following last week’s volatile Federal Reserve meeting. The Dow Jones Industrial Average rose 0.9%, while the tech-heavy Nasdaq 100 gained 1.3%, nearly erasing last week’s losses. Consumer discretionary stocks, the top-performing sector of the year, led...
Continue Reading(Bloomberg) -- For most of its six-year life, the Defiance Quantum ETF behaved just like any other high-tech long shot: Unexceptional returns and meager investor interest kept it stuck among the investing also-rans that dot the exchange-traded fund landscape.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesMexico City to...
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Amazon stock had an up-and-down 2024 but is on pace to close with a strong final three months. Amazon stock is ahead 48% so far this year, with the e-commerce and cloud computing company posting a 20% rally since the start of October. The rally has been powered by investor optimism about both Amazon's e-commerce and cloud-computing operations...
Continue ReadingAll three major US stock indexes were up in late-morning trading Tuesday ahead of an early market cl...
Continue ReadingIBM (IBM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy)...
Continue ReadingIt's the final shopping day before Christmas, and new JLL data shows consumers are expected to spend approximately $1,449 on holiday gifts this year. JLL Americas President of Retail Naveen Jaggi joins Catalysts to analyze what this statistic reveals about consumer behavior and the broader retail sector. Jaggi emphasizes the remarkable resilience of US consumer spending. "I think it really says a lot about the fact that, at the end of the day, this consumer economy keeps finding ways to engage with the consumer," he observes. However, Jaggi points out a shift in shopping patterns: "We have become a value-oriented consumer society." Retailers like Ross (ROST), Walmart (WMT), and Target (TGT) are experiencing consistent foot traffic as shoppers seek bargains. This value-hunting extends online, with Jaggi noting that "the US consumer continues to find ways to find the best bang for the dollar." Looking ahead to 2025, Jaggi expresses optimism about the department store sector. He views Nordstrom's (JWN) announcement to go private as "great news," describing the retailer as "the gold standard" and suggesting the move will enable better focus on long-term growth strategies. "Retail requires a long-term mindset," he tells Yahoo Finance. "It does not require a quarter-to-quarter mindset only." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith...
Continue ReadingTesla (NASDAQ: TSLA) stock investors received an early Christmas gift from Hyundai (OTC: HYMTF) this morning: at least 112,000 new potential customers for its Supercharger electric car charging system. Tesla stock is up 4.5% through 10:45 a.m. ET on the news. Tesla spent the bulk of 2023 reporting a series of alliances with other carmakers around the world, in the form of announcements that these other carmakers -- Hyundai, Honda, GM, Ford Motor Company, and others -- would switch their electric cars' primary charging technology from the putative "Common Charging System" for all carmakers, to Tesla's North American Charging Standard (NACS) instead...
Continue ReadingIAG, the parent of British Airways, is weighing options with multiple providers, including Amazon.com Inc’s (NASDAQ:AMZN) Project Kuiper and Elon Musk’s Starlink to equip its fleet with Wi-Fi service, Bloomberg cites from an interview with IAG’s head of innovation, Annalisa Gigante. According to the report, Gigante acknowledged working with Starlink and Amazon’s Kuiper towards something likely for 2025. Also Read: Amazon’s Project Kuiper In Talks With Taiwan For Satellite Partnership According t...
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