CHIP STOCK SELL-OFF Nvidia, AMD stocks fall as new Biden export rules weigh on sector Euronext - Delayed Quote • EUR (V62VH.NX) Follow Compare 0.1450 +0.1150 (+383.33%) At close: 6:30:00 PM GMT+1 Related News Stock market today: Dow, S&P 500, Nasdaq sell off amid jobs report surprise, fresh inflation worries Caution reigns ahead of December's jobs report, which will shape bets on the chances of Fed rate cuts. Walgreens stock, the worst 2024 S&P 500 performer, starts 2025 strong Walgreens (WBA) was the worst-performing stock in the S&P 500 (^GSPC) in 2024. The stock surged though after the pharmaceutical retailer released better-than-expected first quarter results. Morning Brief Anchor Seana Smith breaks down the company's journey, breaking down the company's bringing on a new CEO in 2023, corporate layoffs, and reports of going private. 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. 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. December jobs report shows unemployment fell to 4.1%, 256,000 jobs added to finish 2024 on high note December's jobs report will be the final look at the labor market before the Federal Reserve announces its next interest rate decision on Jan. 31. Doublepoint launches free Apple Watch app to control devices with hand gestures Finnish startup Doublepoint launched its free app, WowMouse, for the Apple Watch this week at CES 2025. The app uses the wearable's sensors, compass, and accelerometer to turn your hand into a mouse that can control devices through hand gestures. The Apple Watch already uses a similar technology for the double tap feature it released in 2023. The watch detects micro-movements in your wrist when you tap your thumb and index finger together, and registers it as a click on your device. Controlling Dow Slides 640 Points As Closing Bell Looms The stock market entered the final hour of trading on Friday deep in a hole in the wake of a too-hot December jobs report. The Dow was down 640 points, or 1.5%. The S&P 500 was down 1.3%. The Nasdaq Composite was down 1. HPE Wins $1 Billion AI Server Deal for Elon Musk’s X (Bloomberg) -- Hewlett Packard Enterprise Co. won a deal worth more than $1 billion to provide Elon Musk’s X social network with servers optimized for artificial intelligence work.Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawAmbitious High-Speed Rail Plans Advance in the Baltic RegionA Blueprint for Better Bike LanesNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeThe agreement was reached late last yea Constellation Brands Stock Is Plunging After Earnings Miss Shares of beer distributor Constellation Brands are on track for their largest single-day percentage drop since 2013 after reporting a disappointing third quarter. Walgreens Boots Alliance (WBA) Q1 2025 Earnings Call Transcript WBA earnings call for the period ending December 31, 2024. Nvidia Is Poised to Conquer Personal Computing Next. Chip Makers Should Be Nervous. 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.