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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 5 hours ago

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AAPL

META
Symbotic inks deal to acquire Walmart's robotics arm. Stock jumps.

AI-powered warehouse operator Symbotic (SYM) is set to acquire Walmart's (WMT) robotics business in a deal valued at over $500 million. Julie Hyman and Josh Lipton expand more upon the details of this deal and the value this poses for Symbotic as its stock climbs nearly 20% on the news. 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 9 hours ago

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SYM
Why the tech industry is cozying up to Trump the second time around

The tech industry is going all in on Trump for his second term, starting with his inauguration.

Yahoo Finance 13 hours ago

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MSFT

GOOG
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 14 hours ago

UNH
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 16 hours ago

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Q4 2024 Unitedhealth Group Inc Earnings Call

Q4 2024 Unitedhealth Group Inc Earnings Call

Thomson Reuters StreetEvents 1 hour 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 1 hour 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 WoesChurches, Cinemas — and Moon Artifacts — Top

Bloomberg 2 hours ago

INFY
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 2 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 5 hours ago

INFY
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 5 hours ago

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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 6 hours ago

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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 6 hours ago

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Why Rumble Inc. (RUM) 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 Rumble Inc. (NASDAQ:RUM) 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 6 hours ago

RUMBW
Why NextDecade Corporation (NEXT) 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 NextDecade Corporation (NASDAQ:NEXT) 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 6 hours ago

NEXT
Starboard builds 7.7% stake in chipmaker Qorvo, WSJ reports

The details on Starboard's plans for Qorvo could not be learned, the report added. Starboard is seeking changes to boost the company's lagging share price, the report said. Starboard Value, run by Jeffrey Smith, is one of the world's most prominent activist investors and has recently been pushing for changes at firms including Pfizer, Rupert Murdoch's News Corp, and business software provider Salesforce.

Reuters 6 hours ago

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Starboard Builds Big Stake in Chip Maker Qorvo

The activist firm run by Jeff Smith owns a 7.7% stake in the chip maker that competes with the likes of Broadcom and Qualcomm.

The Wall Street Journal 6 hours ago

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NVDA
These 3 Companies Generate Serious Cash

Companies boasting strong cash-generating abilities can be great investments, as they have plenty of cash to fuel growth, pay out dividends, and easily wipe out debt.

Zacks 6 hours ago

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AAPL
UnitedHealth: The 'Number One Company On Sale' Ahead Of Q4 Earnings Report

UnitedHealth Group Inc. (NYSE:UNH) is gearing up to release its fourth quarter earnings report, and investors are watching closely. Stephanie Link, CIO at Hightower Advisors LLC, has dubbed the managed care giant the “number one company on sale” ...

Benzinga 8 hours ago

UNH
US Finalizing Billions for Rivian, Plug Power Before Trump Retakes Office

(Bloomberg) -- The Biden administration finalized billions of dollars in financing for electric-vehicle maker Rivian Automotive Inc. and hydrogen company Plug Power Inc. just days before President-elect Donald Trump returns to the White House.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 WoesC

Bloomberg 8 hours ago

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Performance Overview

Return	CICN.SW	MSCI WORLD
YTD	-0.67%	+0.69%
1-Year	+19.68%	0.00%
3-Year	+15.06%	+18.01%

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Related News

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

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Why the tech industry is cozying up to Trump the second time around

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