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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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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 8 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 11 hours ago

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Tesla is offering new Cybertruck discounts. Is there a demand problem?

Tesla is discounting select Cybertrucks, the latest indication that the EV pickup and its polarizing design are suffering from a demand slump.

Yahoo Finance 13 hours ago

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Q4 2024 Unitedhealth Group Inc Earnings Call

Q4 2024 Unitedhealth Group Inc Earnings Call

Thomson Reuters StreetEvents 9 minutes ago

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Reliance Jumps Post Profit Beat on Retail Rebound, Resilient Oil

(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.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 List of Endangered MonumentsReliance Industri

Bloomberg 31 minutes ago

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

Infosys dragged the IT sector down by 2.6% on the day, with eight of the 10 constituents trading in the red. The stock was on track for its worst day in nearly one-and-a-half years. Infosys fell 5.8% in Mumbai on Friday, following a near 6% drop overnight in its U.S.-listed shares.

Reuters 55 minutes ago

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Reliance gains as retail, telecom growth fuels Q3 profit beat

Reliance, the second-top heavyweight stock on the benchmark Nifty 50 index, was last up 2.5%, on track to gain the most in a day since November 2024. The company reported a bigger-than-expected third-quarter profit late on Thursday, with gains from its major units including the mainstay oils-to-chemicals segment, retail segment and telecom business. "Reliance is back on a growth path after six months of challenges," Morgan Stanley said in a note, adding that the "the risk of earnings downgrades" would unwind.

Reuters 1 hour ago

RELIANCE.NS
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 1 hour 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 2 hours ago

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J.B. Hunt’s record intermodal loads came with higher costs in Q4

J.B. Hunt Transport Services reported record intermodal volumes for the fourth quarter, but shares sagged after the market closed Thursday as costs overshadowed the period. The post J.B. Hunt’s record intermodal loads came with higher costs in Q4 appeared first on FreightWaves.

FreightWaves 3 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 4 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 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 5 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 5 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 5 hours ago

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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 5 hours ago

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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 5 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 5 hours ago

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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 5 hours ago

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Performance Overview

Return	JITFINFRA.BO	S&P BSE SENSEX
YTD	-15.02%	-2.53%
1-Year	+13.61%	+4.29%
3-Year	+378.84%	+24.58%

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

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