US stock futures are trading slightly lower as investors digest the latest data on housing and jobless claims the day before Donald Trump becomes president of the United States. On Wednesday, Fed Chair Janet Yellen signaled steady rate increases for the US economy during a speech in San Francisco.
Here are some of the other stories the Yahoo Finance team is covering for you today.
Alibaba’s Olympic pursuit
Chinese e-commerce giant Alibaba (BABA) announced a long-term digital partnership with the International Olympic Committee that lasts through 2028. Alibaba will become the digital sponsor of the Olympics in three key areas: cloud services, e-commerce and television. Yahoo Finance editor-in-chief Andy Serwer talks with Alibaba Chief Marketing Officer Chris Tung about the deal from the World Economic Forum annual meeting in Davos, Switzerland. How much is the deal worth?
Netflix’s historic subscriber growth
Netflix (NFLX) shares are popping in the premarket, after the streaming giant reported the biggest jump in subscriber growth in its history. Netflix added more than 7 million customers in the fourth quarter, fueled by better-than-expected growth in international markets. Earnings and revenue also beat Wall Street expectations. How can Netflix keep the momentum going?
Grilling Trump’s Treasury nominee
Senate confirmation hearings get underway today for Steve Mnuchin, Donald Trump’s pick for Treasury Secretary. Wall Street will be listening closely to what the former Goldman Sachs banker has to say about the dollar, tax cuts, tariffs and China. And Mnuchin’s critics will focus on his role in the foreclosure crisis after he led a group that bought the failed thrift IndyMac Bank. What will he say?