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Why Trump saving TikTok isn't so legally simple

President-elect Donald Trump is reportedly mulling unconventional ways to save TikTok from an impending US ban, including an executive order. Doing so could mean facing some serious legal hurdles.

Yahoo Finance 15 hours ago

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US housing starts, earnings, TikTok updates: What to Watch

The US Census Bureau and the US Department of Housing and Urban Development (HUD) will be reporting housing starts and building permit figures for the month of December tomorrow The companies scheduled to report quarterly earnings on Friday, January 17, include Truist Financial (TFC), Schlumberger (SLB), State Street (STT), and Citizen's Financial (CFG). Lastly, TikTok parent company ByteDance's deadline to divest from the social media app is Sunday, January 19, as the Supreme Court has yet to issue an official decision on whether to uphold a US ban on the app. 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 13 hours ago

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Is dollar dominance here to stay? Economist talks US dollar strength

Scott Bessent, President-elect Donald Trump's pick for Treasury Secretary, is expected to emphasize the US dollar's role (DX=F, DX-Y.NYB) as the world’s reserve currency in his confirmation hearing on Capitol Hill on Thursday. "We are in an environment that has been very supportive for the dollar in recent years, and I think that reflects [how] the US economy has been relatively strong, certainly compared to many other developed market economies," Citi chief global economist Nathan Sheets explains to Seana Smith and Madison Mills on Catalysts. Sheets ties the above sentiment back to the Federal Reserve's aggressive interest rate-cutting cycle: " ... It's much easier to pencil in significant rate cuts for many foreign economies than it is for the United States. When I put all that together, I'd say we've got a cyclically strong dollar." Additionally, Sheets comments on the outlook of a strategic bitcoin reserve (BTC-USD) and warns of the potential economic impact of Trump's proposed tariffs and their part in raising consumer prices and inflation. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Josh Lynch

Yahoo Finance Video 21 hours ago

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Apple iPhone sales fell in all four quarters in China, Reuters reports

Apple’s (AAPL) annual shipments in China declined 17% in 2024, with Huawei and Vivo overtaking the iPhone maker in market share, Reuters’ Liam Mo and Brenda Goh report, citing data from research from Canalys. Sales of iPhones fell in all four quarters of the year, including a 25% drop in Q4, according to the data. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today’s best-performing stocks on TipRanks >> Read More on AAPL: App

TipRanks 10 minutes ago

AAPL
Qorvo (NASDAQ:QRVO) Has More To Do To Multiply In Value Going Forward

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...

Simply Wall St. 16 minutes ago

QRVO
Activist investor Starboard Value takes 7.7% stake in chipmaker Qorvo

Shares of the company rose over 8% in premarket trading. The Apple supplier has been grappling with stiff competition and slowing orders for its smartphone chips as consumers gravitate towards entry-tier smartphones, while larger rivals such as Broadcom and Qualcomm benefit from a recovery in the Chinese smartphone market. In October, Qorvo said the shift away from mid-tier 5G Android smartphones will impact its revenue in the second half of fiscal 2025.

Reuters 38 minutes ago

QRVO
Why Robinhood Stock Was Rocketing Higher This Week

An investor who purchased Robinhood Markets (NASDAQ: HOOD) stock at the beginning of the week would have been notably richer toward the end of it. Shares of the next-generation financial services company were popular following a settlement deal with a regulator, not to mention several glowing analyst notes on its business. According to data compiled by S&P Global Market Intelligence, Robinhood stock was up 15% week to date as of early Friday morning.

Motley Fool 42 minutes ago

HOOD
SLB Hikes 2025 Share Repurchase Program; 'AI Is The X Factor' For Oilfield Service Industry

SLB, formerly Schlumberger, reported on Friday slightly better-than-expected fourth-quarter earnings and revenue, while increasing its quarterly dividend. Shares of SLB jumped higher early. The oilfield services giant saw Q4 EPS grow 7% to 92 cents with sales increasing 3% to $9.28 billion.

Investor's Business Daily 45 minutes ago

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Fastenal misses estimates amid sluggish demand for industrial safety products

Shares of the Winona, Minnesota-based company fell 5.7% in premarket trading. "Slow rate of growth was exacerbated by many of our largest customers enacting unusually sharp production cuts in the last two weeks of December during holiday-related plant shutdowns," Fastenal said. Sales of fasteners, one of the core segments of the wholesale distributor, fell to 29.9% of the company's total sales, compared with 31.1% a year earlier.

Reuters 46 minutes ago

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5 Things to Know Before the Stock Market Opens

News of the day for Jan. 17, 2025

Investopedia 53 minutes ago

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Here's How Donald Trump Could Shake Up Health Care — And Biotech Stocks

Biotech stocks have slumped 15% since Donald Trump won his second presidency. That's because Trump comes with a lot of unknowns.

Investor's Business Daily 56 minutes ago

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Trump Plans Crypto, Bitcoin Executive Orders As Inauguration Day Nears

President-elect Donald Trump plans a wave of executive orders for his first day back in office. Some could shape bitcoin, crypto regulations.

Investor's Business Daily 1 hour ago

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PYPL
Qorvo Stock Jumps After Report Says Activist Starboard Builds Stake in Chip Maker

The activist investor has amassed a 7.7% stake in Qorvo, according to a report from The Wall Street Journal.

Barrons.com 1 hour ago

QRVO
XRP Price Jumps and Bitcoin Surges Past $100,000. Why the Crypto Rally Has Legs.

Cryptos have been helped by macroeconomic factors this week. Trump's inauguration could be the next catalyst.

Barrons.com 1 hour ago

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Truist beats quarterly profit estimates on investment banking gains

Truist Financial on Friday exceeded Wall Street estimates for fourth-quarter profit, helped by stronger investment banking and trading activity as capital markets strengthened. A resilient economy, declining interest rates and expectations of relaxed regulations under the Trump administration have boosted corporate enthusiasm for mergers and acquisitions. Equity and debt issuance also surged in the latter half of 2024.

Reuters 1 hour ago

TFC
Microsoft, Tesla Are Worst Mag 7 Stocks. These Are the Ones to Buy, Say Analysts.

Investors looking to buy or sell shares of the Magnificent Seven may want to consider selling Microsoft and buying Nvidia. The so-called Magnificent Seven is the group of megacap stocks that has driven much of the stock market’s gains over the past few years. It includes Nvidia, Meta, Amazon, Alphabet, Microsoft, Apple, and Tesla.

Barrons.com 1 hour ago

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SLB Stock Jumps on Revenue and Earnings Beat

SLB stock rose in premarket trading Friday after the energy technology provider reported fourth-quarter revenue and earnings that beat Wall Street’s expectations. SLB reported revenue of $9.28 billion and adjusted earnings of 92 cents a share for the quarter ended Dec. 31, topping FactSet consensus estimates of $9.18 billion and 90 cents a share. Full-year revenue of $36.29 billion and adjusted earnings of $3.41 a share were in-line with expectations.

Barrons.com 1 hour ago

SLB
Fastenal Stock Falls on Earnings Miss. There Is Reason for Hope Though.

FEATURE Earnings from the manufacturing sector kicked off Friday with a report from with industrial distributor Fastenal Things have been tough. Still, there remains reason for optimism. Fastenal reported fourth-quarter earnings per share of 46 cents from sales of $1.

Barrons.com 1 hour ago

FAST
Novo Nordisk A/S: Semaglutide 7.2 mg s.c. achieved 20.7% weight loss in the STEP UP obesity trial, and 18.7% regardless of treatment adherence

Bagsværd, Denmark, 17 January 2025 – Novo Nordisk today announced headline results from STEP UP, a phase 3b trial in the global STEP programme. STEP UP is a 72-week efficacy and safety trial investigating subcutaneous semaglutide 7.2 mg compared to semaglutide 2.4 mg and placebo, all administered once weekly. The trial included 1,407 randomised adults with obesity. All treatment arms were in conjunction with lifestyle intervention. The trial achieved its primary endpoint by demonstrating a stati

GlobeNewswire 1 hour ago

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Schlumberger: Q4 Earnings Snapshot

THE HAGUE, Netherlands (AP) — Schlumberger NV (SLB) on Friday reported fourth-quarter profit of $1.1 billion. On a per-share basis, the The Hague, Netherlands-based company said it had net income of 77 cents. Earnings, adjusted for one-time gains and costs, were 92 cents per share.

Associated Press Finance 1 hour ago

SLB

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Why Trump saving TikTok isn't so legally simple

US housing starts, earnings, TikTok updates: What to Watch

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Apple iPhone sales fell in all four quarters in China, Reuters reports

Qorvo (NASDAQ:QRVO) Has More To Do To Multiply In Value Going Forward

Activist investor Starboard Value takes 7.7% stake in chipmaker Qorvo

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SLB Hikes 2025 Share Repurchase Program; 'AI Is The X Factor' For Oilfield Service Industry

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Here's How Donald Trump Could Shake Up Health Care — And Biotech Stocks

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XRP Price Jumps and Bitcoin Surges Past $100,000. Why the Crypto Rally Has Legs.

Truist beats quarterly profit estimates on investment banking gains

Microsoft, Tesla Are Worst Mag 7 Stocks. These Are the Ones to Buy, Say Analysts.

SLB Stock Jumps on Revenue and Earnings Beat

Fastenal Stock Falls on Earnings Miss. There Is Reason for Hope Though.

Novo Nordisk A/S: Semaglutide 7.2 mg s.c. achieved 20.7% weight loss in the STEP UP obesity trial, and 18.7% regardless of treatment adherence

Schlumberger: Q4 Earnings Snapshot