LIVE Trump Treasury secretary nominee Scott Bessent's confirmation hearing Euronext - Delayed Quote • EUR (QH39V.NX) Follow Compare 0.0010 0.0000 (0.00%) At close: January 7 at 8:30:59 AM GMT+1 Related News 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. Morgan Stanley and Bank of America report robust Q4 earnings Big Bank earnings are rolling out this week, with Morgan Stanley (MS) and Bank of America (BAC) more than doubling in quarter four after a spike in dealmaking. Mac Syke, Gabelli Funds portfolio manager, joins Morning Brief to discuss earnings season and the banks’ surge in quarter four. Syke discusses the favorable environment for banks today. "We now have a normalized curve, so instead of the inversion [there is] a pretty normalized real rate," he explains. "We have regulations that are going to be easier, so that boosts M&A." Syke also adds that the "consumer activity has been very good." Additionally, Syke points to how Bank of America's trading underperformed compared to rivals but says repricing of legacy investments is "going forward over the next several years" to boost net interest income. Watch the video above to hear Syke's full insights on how these factors are shaping the future of Big Bank earnings. 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 Target raising Q4 sales forecast on record holiday sales Target (TGT) is raising its fourth quarter sales forecast as the retailer reports record-high sales figures from its Black Friday and Cyber Monday promotions. The stock is under pressure on Thursday morning, with Wall Street attributing it to the chain's EPS (earnings per share) guidance below current expectations. Seana Smith and Brad Smith report more on this headline and what it means for the broader retail sector. Catch Yahoo Finance's latest reporting on December's key retail sales data. 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. Bessent hearing, Bank of America, retail sales: What to Watch Market Domination Overtime anchors Julie Hyman and Josh Lipton outline critical market events to watch for tomorrow, Thursday, January 16. Treasury Secretary nominee Scott Bessent will face the Senate for his confirmation hearing at 10:30 a.m. eastern time, continuing the series of Cabinet confirmation proceedings for President-elect Donald Trump's administration. The financial sector is in focus with Bank of America (BAC), Morgan Stanley (MS), and US Bancorp (USB) scheduled to report earnings. Additionally, chip giant Taiwan Semiconductor Manufacturing Company (TSM) and healthcare leader UnitedHealth Group (UNH) will also release their quarterly reports. Investors will also receive December's retail sales report, providing insights into consumer spending patterns and overall economic health. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith How the LA wildfires may hit Big Bank earnings in 2025 Howard Capital Management CEO and CIO Vance Howard joins Wealth host Brad Smith to discuss his earnings outlook amid the Los Angeles wildfires. Howard warns that the Southern California fires could trigger bank defaults, potentially impacting earnings. "I don't think people have calculated that in yet because it just happened over the past three or four or five days," he explains. He advocates "patience" with bank stocks, noting that if defaults increase, earnings could be affected through the third and fourth quarters. With nearly 12,000 homes lost in Los Angeles, Howard predicts some homeowners may walk away from their mortgage obligations. "That's something to think about," he comments. JPMorgan Chase (JPM) touted record annual profits of $58 billion for 2024 in its latest earnings results. Looking beyond the banking sector, Howard identifies Salesforce (CRM) as a potential outperformer for 2025. Follow along Yahoo Finance's recent coverage of the Southern California forest fires and the insurance industry: Wildfire recovery must address insurance: Rep. Mike FloodSouthern California Edison parent's stock falls amid investigation, lawsuit over alleged role in LA wildfiresCalifornia fires spark insurance crisis, projected losses of $150BInsurance stocks tumble as LA blazes 'among the most costly wildfires' in California historyCalifornia homeowners insurance market tested as fires rageThe risk landscape for insurance in 2025: AXIS CEO talks coverageKey insurance advice amid Southern California wildfires To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith Moderna price target drops, fintech Outperform, FDA hits tobacco Yahoo Finance's Brad Smith reviews Wednesday's trending stocks on Wealth. Moderna's (MRNA) price target slashed to $38 from $70 by Morgan Stanley (MS), implying an 11% potential upside based on its last closing price. Analysts cite lowered 2025 revenue outlook and vaccine market competition. Fintech leaders SoFi (SOFI) and Affirm (AFRM) have been initiated by William Blair in research coverage, and are currently both rated Outperform. Tobacco stocks, such as British American Tobacco (BTI), Imperial Brands (IMBBY), and Philip Morris (PM), are under pressure after US Food and Drug Administration (FDA) announces a proposal to cap nicotine levels in cigarettes. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch Why BigBear.ai BBAI Stock Is Surging Today BigBear.ai (BBAI) stock is jumping 12% today. BBAI “provides artificial intelligence-powered decision intelligence solutions.” The company’s shares are rallying after it announced yesterday after the market closed that it had hired a new CEO. Specifically, the firm disclosed that it had tapped Kevin McAleenan as its new CEO, effective yesterday. McAleenan replaced Mandy Long, who […] Symbotic Surges 20% on Walmart Deal--Unlocking a $5 Billion Potential Backlog Walmart is betting big on Symbotic's AI-powered robotics, fueling a massive stock surge and reshaping the future of retail automation. Why Are FTAI Aviation (FTAI) Shares Soaring Today Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) jumped 8.2% in the pre-market session after the company responded to Muddy Waters's short report, saying that it "...believes that the recent report by Muddy Waters is an attempt to profit at the expense of FTAI's shareholders by manipulating the company's stock price. We strongly disagree with the assertions made by this notorious short-seller, several of which are sourced to a single, anonymous individual who is described only as ' FTAI Stock Bounces Back From Short-Seller Report Shares of aerospace aftermarket-services firm FTAI dove Wednesday after a negative report from a short seller. 9 of the 10 Largest Companies in the World Are Making Big Moves Into AI. Here's Why Investors Should Pay Attention. Artificial intelligence (AI) is driving the highest gains in the market, and several of the largest companies in the world today by market cap are only there because of AI. In fact, the five most valuable companies in the world are all making major inroads into AI, and the only one in the top 10 that's not is oil company Saudi Aramco. TSMC stock rises 5% as AI chip demand drives record net profit Taiwan Semiconductor Manufacturing Company’s (TSM) U.S.-listed shares rose by more than 6% at the market open on Thursday morning. Why UnitedHealth (UNH) Stock Is Retreating This Morning Health insurer UnitedHealth (UNH) is sinking 4% today after the company reported lower-than-expected fourth-quarter revenue this morning. Moreover, the company’s medical costs rose significantly faster than the premiums which it received. More About UNH’s Q4 Results The company’s Q4 sales climbed 6.4% versus the same period a year earlier to $100.8 billion, but that was […] Why Target Stock Tanked on Thursday Morning Shares of Target (NYSE: TGT) were sliding in Thursday morning trading after the retailer disappointed Wall Street with its updated guidance for fiscal Q4. Finance, Wall Street analysts had, on average, been expecting Target to earn $2.65 per share. This means Target will probably "miss earnings" when its official report comes out in March. Nvidia Stock Rises. This Is Boosting AI Chip Optimism for 2025 Investors could be encouraged by news from TSMC, which reported a surge in profit on strong demand for AI semiconductors. Dow Jones Stocks: Nvidia Reverses Lower; Apple Sells Off With the Dow Jones Industrial Average looking to add to last year's strong gains, the best Dow Jones stocks to watch in January 2025 are Amazon.com, Apple, Nvidia, Salesforce and Walt Disney. There are clear winners — and losers — at the start of January 2025. These Stocks Are Moving the Most Today: TSMC, Bank of America, Morgan Stanley, UnitedHealth, Target, Symbotic, and More Fourth-quarter net profit of Taiwan Semiconductor jumps 57%, UnitedHealth falls after revenue misses estimates, and profits at Bank of America and Morgan Stanley beat analysts’ expectations. Apple Loses Ground in Mainland China's Smartphone Market as Huawei and vivo Surge in 2024 Mainland Canalys forecast 4% yearly increase in China's smartphone shipments to 285 million in 2024 after two years of decrease. U.S. Bancorp Crashes 6.6%--What's Behind the Stock Plunge? Unimpressed earnings, rising costs, and credit concerns send investors running--can the bank bounce back? Morgan Stanley Q4 Results Get Boost From Equity Revenue, IPO Activity Morgan Stanley easily beat fourth-quarter profit and revenue estimates on strong equity trading and IPO activity.