CHIP STOCK SELL-OFF Nvidia, AMD stocks fall as new Biden export rules weigh on sector Euronext - Delayed Quote • EUR (8CBSB.NX) Follow Compare 74.70 -0.32 (-0.43%) At close: 6:30:00 PM GMT+1 Related News December jobs report has Wall Street starting to talk about rate hikes in 2025 A hot December jobs report, combined with a murky inflation outlook for 2025, has some economists debating if the Federal Reserve may need to hike interest rates again. Pressure on TikTok mounts after Supreme Court skepticism of free-speech argument Supreme Court justices sounded skeptical of some of the free-speech arguments made Friday by TikTok, heightening pressure on the popular social media app as its Chinese parent faces a Jan. 19 deadline to divest the platform or face a US ban. Walgreens turnaround strategy, sale of VillageMD boosts 2025 Q1 Walgreens is selling its stake in VillageMD as CEO Tim Wentworth moves ahead with his turnaround strategy. Nvidia, chip stocks drag tech lower as new Biden export rules, jobs report weigh The Biden administration's proposal would put more pressure on companies like Nvidia to crack down on where resellers ultimately send their chips. Qualcomm CEO hints at future high-powered PC chips Qualcomm CEO Cristiano Amon says the company will be targeting high-performance PCs and is looking at the graphics space. Why network airlines have an edge over budget carriers Delta Air Lines (DAL) reported record revenue for 2024 and topped its fiscal fourth quarter earnings expectations. Citi managing director Stephen Trent joins Morning Brief to discuss the results and the broader airline industry. Trent notes that air travel preferences vary beyond first class and basic economy, creating "an ecosystem in between." He notes that network carriers like Delta have successfully capitalized on this middle market "in a way that discount carriers are not going to be able to do." Looking ahead, Trent identifies three key trends affecting the airline sector: major carriers' revenue growth will surpass that of low-cost competitors, inflation and interest rates will remain elevated, and oil (CL=F, BZ=F) prices will trend downward over time. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Strong jobs report, but caution grows over earnings and rates The US economy shows resilience with a strong jobs report, though investors are wary due to slow earnings growth and shifting rate expectations. Myles Udland, Head of News at Yahoo Finance, joins Morning Brief hosts Brad Smith and Seana Smith to discuss market reactions to the job report. Watch the video above to hear more about investor concerns, earnings growth forecasts for 2025, and what the remaining year looks like for inflation, tariffs, and interest rates. 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 Nvidia criticizes Biden's last minute chip export limits Nvidia (NVDA) calls out the Biden Administration's ninth-hour chip export curbs just days ahead of President-elect Donald Trump's inauguration. Nvidia's vice president of government affairs says the chip export restrictions do "nothing" to protect national security but "push the world to alternative technologies." Morning Brief hosts Seana Smith and Brad Smith take a closer look at Biden's last-minute chip policy and the impact it has on Nvidia and other chipmakers. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan. 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Digits, the first ever desktop-sized computer made by Nvidia, will be available in May, starting at $3,000. Batman Is a Great Movie—and a Lousy Stock Portfolio. Consider Top Gun Instead? If sentiment is anything to go by, the Magnificent 7 stocks, led by Apple Nvidia and Microsoft are set to be replaced by a movie that may or may not be equally good—BATMMAAN. While cute names are fun to write about, they’re a lousy way to organize a stock portfolio. Think of it as the DC comics superhero spelled by a toddler. Allstate Helping Southern California Customers, Communities Recover from Wildfires NORTHBROOK, Ill., January 10, 2025--Allstate is supporting Southern California customers with their claims to help start their recovery from the wildfires. The Allstate Foundation has pledged two contributions totaling $750,000 to the American Red Cross and the Center for Disaster Philanthropy, strengthening these organizations’ ability to support communities affected by disasters. S&P 500 Giant Soars 20% On $26 Billion Deal For Geothermal, Natural Gas Giant Calpine Constellation Energy jumped Friday after announcing that it will buy Calpine, adding geothermal and more natural gas to its portfolio. The Dow plunges 600 points as a strong jobs report and inflation fears crush rate cut hopes The Dow fell 600 points on Friday morning after new job reports surpassed expectations, and the Federal Reserve indicated that interest rate cuts may be postponed. Additionally, inflation remains a concern and is anticipated to stay high. TikTok Ban Heard By Supreme Court. What It Means For Meta, Snap, Oracle Stock. As TikTok heads to Supreme Court, analysts see Meta stock and Google as likely beneficiaries of a ban on the app.