Toronto - Delayed Quote • CAD IGM Financial Inc. (IGM.TO) Follow Compare 46.44 +0.02 (+0.04%) At close: 1:00:00 PM EST Related News AI will be viewed as a 'national asset' for the US under Trump, says one trade group CEO The tech industry is bracing for changes as President-elect Donald Trump returns to the White House in 2025. Chamber of Progress CEO and founder Adam Kovacevic joins Brad Smith and Josh Lipton on Market Domination Overtime to discuss his tech industry outlook. "One of the, I think, good pieces of news is that President-elect Trump has appointed a number of people from the tech world, venture capitalists, people with tech experience to prominent positions," Kovacevic says, noting that this is a "good sign" for the industry. He adds that Trump's second term will likely lead to a shift in the US government's attitude toward AI. The Biden administration's "main approach to artificial intelligence was to say, 'This is an area where we ought to tread carefully, put up guardrails, and focus on safety,'" Kovacevic says. "What I think you are going to see with Trump is a pivot from safety to really [seeing] AI as an economic asset for the United States, a national asset for the United States, where we should go out and beat other countries, particularly China in AI." Watch the video above to hear more about the expected tech landscape in 2025, including the possible TikTok ban, Big Tech execs courting Trump, Musk's role in the US government, 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. Bank lobbyists sue Fed over stress test transparency The Federal Reserve faces a legal challenge from a group of banking industry lobbyists, including the Bank Policy Institute and the US Chamber of Commerce. The consortium alleges that the central bank is violating federal law by not allowing public input on its stress test process, a requirement that is legally mandated. Yahoo Finance Senior Fed Reporter Jennifer Schonberger examines the purpose of these stress tests and analyzes how the central bank is addressing the controversy. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith Santa Claus rally is on Wall Street's wish list. Why it matters. Gains in the last five trading days of December and the first two trading days of January mark a Santa Claus rally, a bullish signal for the market (^DJI, ^IXIC, ^GSPC) in the new year. The Stock Trader's Almanac editor-in-chief Jeffrey Hirsch joins Brad Smith and Josh Lipton on Catalysts to discuss what a Santa Claus rally, or the absence of one, means for 2025 market outlooks. "It's an important time of the year for us to take a check on the market. It's not necessarily a trading rally. It's really an indicator," Hirsch says, adding that his father Yale Hirsch coined the phrase, "If Santa Claus should fail to call, Bears may come to Broad and Wall." If there isn't a Santa Claus rally, Hirsch says historically, it could signal a bear market, market weakness, or a flat market. Watch the video above for more on Hirsch's 2025 market outlook. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan. Fed: Why investors still worry about inflation in 2025 The Federal Reserve implemented a 25 basis point rate cut this month, achieving what many market participants view as a "soft landing" for the economy in 2024. However, concerns about inflation persist, as the transition to a new presidential administration has raised fears about potential inflationary pressures returning. Yahoo Finance Senior Fed Reporter Jennifer Schonberger analyzes these developments and explores the outlook for inflation heading into 2025. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith The Fed avoided a recession in 2024. But it couldn't shake inflation. The Federal Reserve did what many thought it couldn’t achieve in 2024, and yet in one respect it still ended the year the way it started — worried about stubborn price pressures. Elon Musk's xAI lands $6B in new cash to fuel AI ambitions xAI, Elon Musk's AI company, has raised $6 billion, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors gave a minimum of $77,593, per the filing (97 participated, but the document doesn't reveal their identities). xAI later announced (confirming some earlier reporting) that Andreessen Horowitz , Blackrock, Fidelity, Kingdom Holdings, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and others nu Why AI agents are 'a massive opportunity' in 2025 The Futurum Group CEO Daniel Newman shares insights on artificial intelligence (AI) agents' growing impact heading into 2025 on Market Domination. Newman projects that AI agents represent a $4 trillion annual global market opportunity over the next five years, describing it as "a massive opportunity" for companies. He explains that these AI solutions can provide organizations with thousands of "people-like workers" to handle automated tasks. "Agentic use cases are being used to help drive productivity, but also ... to create more efficient economics for enterprises," he tells Yahoo Finance. According to Newman, AI agents are gaining traction because they enable companies to start "unlocking the value of their enterprise data to create productivity growth." He predicts that "we're going to see it embedded in every software stack." When discussing Big Tech's prospects under a new Trump administration, Newman expresses optimism: "I think he's going to want to see these companies remain prosperous." He also anticipates increased merger-and-acquisition activity in the sector throughout the coming year. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith All 11 sectors expected to broaden out in 2025, strategist says United Parcel Service (UPS) is just one of Powers Advisory Group Managing Partner Matt Powers' top picks for 2025, calling the postal carrier and logistics operator as having "defensive characteristics and high valuations" as it looks to get carried by several tailwinds next year. UPS is set to release fourth quarter earnings results on January 30, 2025. Powers sits down with Wealth host Brad Smith to talk about the other opportunities he is seeing across markets (^DJI, ^IXIC, ^GSPC) in the new year. "Broadening it looks like so all 11 major sectors are actually expected to have year over year earnings increases in 2025. And I think we had or will have seven of the 11 this year, which suggests broadening out," Powers tells Yahoo Finance. "But the S&P [500] is trading at 21 times forward earnings, while dividend growth equities which is kind of our core focus are at 19 times. So we see again going back to that back-to-basics approach shifting towards value and just underappreciated areas of the market." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan. Stocks Buoyed as ‘Santa Claus Rally’ Period Begins: Markets Wrap (Bloomberg) -- A rally in the group that has led Wall Street’s gains in 2024 lifted stocks in a relatively quiet session ahead of Christmas.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesMexico City to Boost Mobility, Security Ahead of FIFA World CupFollowing a strong day for big tech, the shares continued to power ahe Stock Market Holidays 2024: Wall Street's Christmas Game Plan Take a look at this list of stock market holidays in 2024 to find out whether the market will be open on days like Labor Day, Black Friday, Christmas Eve and more. How major US stock indexes fared Tuesday, 12/24/2024 Stocks closed higher on Wall Street ahead of the Christmas holiday, led by gains in Big Tech stocks. The S&P 500 added 1.1% Tuesday. Trading closed early ahead of the holiday. Santa Rally Kicks Off On Wall Street: Stocks Gain, Tesla Soars, Bitcoin Hits $98,000 Wall Street kicked off the Santa Rally season on a positive note, with all major indices and sectors closing higher in a shortened session ahead of the Christmas holiday. The S&P 500 climbed 1%, extending its gains for a third consecutive session following last week’s volatile Federal Reserve meeting. The Dow Jones Industrial Average rose 0.9%, while the tech-heavy Nasdaq 100 gained 1.3%, nearly erasing last week’s losses. Consumer discretionary stocks, the top-performing sector of the year, led Analyst Moves The Sticks For Netflix Stock Before NFL Games Netflix stock scored a price-target hike on Tuesday ahead of the company's next big test for live programming — two NFL football games on Christmas Day. Is Tesla Stock A Buy Or A Sell With 80% Trump Surge A 'Sharp Disconnect' From Fundamentals? Tesla is on an 84% tear since Donald Trump's election win, as investors speculate that self-driving is coming soon, with the Trump administration easing the regulatory path for autonomous vehicles. On Dec. 18, Barclays analysts wrote the post-election rally in shares of Tesla reflects a "sharp disconnect" between the stock and the company's fundamentals. The firm wrote that technicals and options are playing an outsized role in the rally and that Tesla shares are now best compared to cryptocurrencies. 4 Low P/E Momentum ETFs for an Uncertain Santa Rally Uncertainty remains the only certainty as 2025 approaches in the form of Trump and Fed policies. A Member of the UAE Royal Family Joins the Color Star Family NEW YORK, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Color Star Technology Co., Ltd. (Nasdaq: ADD) ("Color Star" or the "Company"), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announces today that His Highness Shaikh Humaid Abdulla Rashed Ahmed Almualla, a prominent member of the United Arab Emirates royal family, has officially joined the company as an independent director of the Company’s American Airlines Says Flights Resuming After Technical Issue American Airlines said its flights had resumed after a vendor technology issue briefly led the carrier to halt them Tuesday morning, on a high-pressure day for holiday travel. The Federal Aviation Administration shortly before 8 a.m. ET canceled a ground stop that had been issued earlier for all American flights at the carrier’s request. The airline said a network hardware issue affected systems operated by DXC Technology, a vendor that maintains American’s flight operating system. SigmaTron Stock Up 3% Despite Incurring Q2 Loss on Supply Chain Issues SGMA incurs a loss of $1.55 per share in the second quarter of fiscal 2025 amid revenue decline and supply chain challenges but highlights strategic moves for recovery and future growth. Is Amazon Stock A Buy After Late 2024 Rally? Amazon stock had an up-and-down 2024 but is on pace to close with a strong final three months. Amazon stock is ahead 48% so far this year, with the e-commerce and cloud computing company posting a 20% rally since the start of October. The rally has been powered by investor optimism about both Amazon's e-commerce and cloud-computing operations. Magnificent Seven Stocks: Nvidia Rallies Above Key Level, Tesla Races Higher Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. And all of them boasted solid year-to-date gains in the final weeks of 2024. Performance Overview Trailing total returns as of 12/24/2024, which may include dividends or other distributions. Benchmark is S&P/TSX Composite index Return IGM.TO S&P/TSX Composite index YTD +38.76% +18.55% 1-Year +38.75% +18.99% 3-Year +18.86% +17.10%