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Big Tech execs going to Trump's inauguration is a 'good sign': Mark Penn

Big Tech executives are courting President-elect Donald Trump ahead of his return to the White House as Tesla (TSLA) CEO Elon Musk has emerged as a significant figure in Trump's administration. Stagwell (STGW) CEO Mark Penn joins Market Domination Overtime to share his take on Musk's role for Trump's second term and Trump's evolving relationship with Big Tech companies. "I think it's super interesting that Elon Musk has really agreed to participate in a serious way in the administration and that the other kind of major tech executives are coming out," Penn says. "The financial innovation of the country is driven in large part by these companies and these incredible executives of these companies. So, it is a good sign, I think, that they're coming out well for this inauguration." Penn expects tech companies will "get back to more open platforms ... [un]involved in government-related censorship" during Trump's second term. When asked if Big Tech executives cozying up to Trump could be a defensive move, Penn says he views Trump's biggest policy priority that affects these companies as "overseas manufacturing breaks" with the main focus on China. Watch the video above to hear Penn's thoughts on Musk's emergence as a GOP political leader 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.

Yahoo Finance Video 7 hours ago

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LVMH upgraded to Buy from BofA Securities. Here's why.

High-end fashion brand LVMH's stock (MC.PA) received an upgrade to Buy from Neutral by BofA Securities, while adding the company to its Europe 1 list of top ideas. Julie Hyman and Josh Lipton break down the analyst team's commentary on the stock as it fits it into its 2025 strategy. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 10 hours ago

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United Health Group CEO addresses public outrage over claims denials in Q4 earnings

UnitedHealth reported its first earnings since the murder of its insurance executive last month.

Yahoo Finance 13 hours ago

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UnitedHealth misses Q4 revenue forecast, medical cost challenges

UnitedHealth Group (UNH) reported weaker-than-expected fourth quarter revenue due to weakness in its health insurance unit and soaring medical costs. Morning Brief hosts Brad Smith and Seana Smith discuss the company’s underperformance, while also citing challenges it has faced in the wake of UnitedHealthcare CEO Brian Thompson's assassination on December 4, 2024; the stock price has fallen by nearly $100 since then. Despite this, UnitedHealth remains committed to bettering healthcare accessibility and anticipates growth in 2025. Follow Yahoo Finance's recent reporting on the US healthcare system and the health insurance industry's reaction to Thompson's killing: The healthcare 'barriers' that made this fmr. insurance exec. walk awayBipartisan lawmakers appear 'aligned' on PBM, insurance reformHealthcare concerns rise as insurers deny patient claimsUnitedHealth Group CEO calls healthcare system 'flawed' in NYT letterHealth insurance industry 'laying low' in aftermath of UnitedHealthcare CEO shootingUS has a 'sickcare system,' not a healthcare system: Anomaly CEOHow to fix the health insurance industry everybody seems to hateUnitedHealthcare exec shooting is 'a wake-up call for the industry': Oscar Health CEOUS healthcare industry 'is now broken,' Oscar Health CEO explains To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Josh Lynch

Yahoo Finance Video 16 hours ago

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Retail sales, Big Bank earnings, Bessent hearing: 3 Things

US stock futures (ES=F, NQ=F, YM=F) pull back from this morning's session highs as Wall Street digests weekly jobs claims data and December's retail sales, which missed estimates of 0.6% and rose by only 0.4% month-over-month. Earnings season keeps on rolling for the financials sector, with major banks Morgan Stanley (MS) and Bank of America (BAC) reporting their fourth quarter results Thursday morning. Read up on Big Bank earnings as the industry looks ahead to the incoming Trump administration in the latest Morning Brief column. Lastly, President-elect Donald Trump's nominee for secretary of the US Department of the Treasury, Scott Bessent, will be heading to Capitol Hill today to face questioning by lawmakers as part of his confirmation hearing. Senator Elizabeth Warren (D-Ma.) has reportedly prepped over 180 questions for Bessent ahead of Bessent's confirmation vote. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 17 hours ago

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Nintendo Shares Plunge, Loses $2 Billion in Market Value After Switch 2 Teaser

Switch 2 Reveal Triggers Investor Concern, Nintendo Shares Slide

GuruFocus.com 19 minutes ago

NTDOY
UnitedHealth Group Inc (UNH) Q4 2024 Earnings Call Highlights: Record Revenue and Strategic ...

UnitedHealth Group Inc (UNH) reports over $400 billion in revenue and outlines future growth strategies despite facing unexpected hurdles.

GuruFocus.com 1 hour ago

UNH
Axis Bank Ltd (STU:UZC) Q3 2025 Earnings Call Highlights: Strong Profit Growth Amidst ...

Axis Bank Ltd (STU:UZC) reports a robust 14% increase in core operating profit, while navigating competitive pressures and macroeconomic challenges.

GuruFocus.com 1 hour ago

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Infosys Ltd (INFY) Q3 2025 Earnings Call Highlights: Strong Cash Flow and AI Expansion Amid ...

Infosys Ltd (INFY) reports robust free cash flow and AI advancements, despite facing headwinds in the automotive sector and client revenue declines.

GuruFocus.com 1 hour ago

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Q4 2024 Unitedhealth Group Inc Earnings Call

Q4 2024 Unitedhealth Group Inc Earnings Call

Thomson Reuters StreetEvents 2 hours ago

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India's Infosys shares fall on worries about quality of earnings

(Reuters) -Shares of India's No. 2 software services exporter Infosys fell nearly 6% on Friday and were set for their biggest one-day decline since July 2023, as analysts raised concerns about the quality of earnings following its third-quarter report. Infosys on Thursday raised its annual revenue forecast for the third time this financial year as its U.S. banking and retail clients warmed up to spending more on discretionary projects, echoing Tata Consultancy Services and HCLTech. However, analysts were concerned about the "quality" of the earnings report, which overshadowed the outlook.

Reuters 3 hours ago

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Infosys Shares Drop as Investors Question Pace of IT Recovery

(Bloomberg) -- Sign up for theIndia Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesScaramucci, Ackman Donate to Whitney Tilson’s

Bloomberg 3 hours ago

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India's Axis Bank tumbles on profit miss, asset quality woes

(Reuters) -Shares of Axis Bank fell to a 14-month low on Friday, a day after the lender missed profit estimates on slower loan growth, higher bad loan provisions, and forecast that retail asset quality would take a few more quarters to normalise. Axis Bank was the first major Indian bank to report its results in an industry grappling with rising bad loans, particularly in sectors such as microfinance and the unsecured portfolio. The 5.4% drop in Axis Bank's shares placed them at the bottom of the blue-chip Nifty 50 on Friday, and dragged the Nifty Bank index lower by 1.3%.

Reuters 4 hours ago

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Watch These UnitedHealth Price Levels as Stock Slumps After Disappointing Results

UnitedHealth shares tumbled Thursday after the health insurer reported fourth-quarter results below Wall Street’s expectations and issued a lackluster outlook. Monitor these key post-earnings price levels.

Investopedia 4 hours ago

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Nintendo aims to win back customers with a brand-new product

The video game company has announced a highly anticipated product amid low sales.

TheStreet 6 hours ago

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Here's What Key Metrics Tell Us About Infosys (INFY) Q3 Earnings

The headline numbers for Infosys (INFY) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zacks 7 hours ago

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Meta’s Community Notes Won’t Apply to Paid Ads. Marketers Still Have Questions.

Facebook and Instagram owner Meta Platforms assured advertisers this week that its “Community Notes,” which will let users crowdsource annotations on posts that they believe are false or need context, won’t apply to paid ads when they arrive later this year, according to people with direct knowledge of the conversations. Advertisers have been waiting to learn how they will be affected since Meta Chief Executive Mark Zuckerberg said on Jan. 7 that he was ending the company’s fact-checking and introducing Community Notes in its place. Meta’s Community Notes will resemble those of social-media platform X, where volunteers propose and approve addendums to posts that they think need more information.

The Wall Street Journal 7 hours ago

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Nintendo Shares Slide After Switch 2 Peek Yields Few Surprises

(Bloomberg) -- Nintendo Co. fell the most in more than three months after giving a glimpse of its next-generation Switch 2 in a two-minute video, saying that more details would come on April 2.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesScaramucci, Ackman Donate to Whitney Tilson’s NYC M

Bloomberg 7 hours ago

NTDOY
Why Rivian Stock Topped the Market Today

One of the more high-profile electric vehicle (EV) stocks on the scene, pickup and SUV manufacturer Rivian Automotive (NASDAQ: RIVN), had a fine Thursday on the stock exchange. Investors traded the company's shares up by almost 4% on news that it had secured billions of dollars in financing from a very reliable source. Rivian divulged in a press release that it has closed a loan agreement with a division of the U.S. Department of Energy (DoE).

Motley Fool 7 hours ago

RIVN
Why Symbotic Inc. (SYM) Is Skyrocketing

We recently compiled a list of the 10 Firms Shine Amid Wall Street’s Lackluster Trading. In this article, we are going to take a look at where Symbotic Inc. (NASDAQ:SYM) stands against the other stocks. A lackluster trading persisted throughout Thursday, with Wall Street’s main indices ending the day with only marginal changes. The Dow Jones […]

Insider Monkey 7 hours ago

SYM

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Big Tech execs going to Trump's inauguration is a 'good sign': Mark Penn

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Performance Overview