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At close: January 3 at 6:30:00 PM GMT+1

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

Yahoo Finance Video 29 minutes ago

JPM

WFC

MS
Jamie Dimon's 'base case' for stepping down as JPMorgan CEO is a few years from now

Jamie Dimon agreed Wednesday with an analyst's assessment that his "base case" for stepping down as JPMorgan Chase CEO is a few years from now.

Yahoo Finance 2 hours ago

JPM
Rigetti Computing stock spikes higher on quantum computing hype

Rigetti Computing (RGTI) surges over 20% on enthusiasm for quantum computing after Microsoft (MSFT) announced its "Quantum Ready" program for businesses. Seana Smith and Alexandra Canal take a closer look at the stock move on Catalysts. Check out Yahoo Finance Executive Editor Brian Sozzi's full interview with Rigetti Computing CEO Subodh Kulkarni from this morning's episode of Opening Bid. D-Wave Quantum (QBTS) CEO Alan Baratz also sat down with Yahoo Finance this week to discuss the company's practical uses of quantum computing. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Yahoo Finance Video 2 hours ago

RGTI

RGTIW
Tesla suspending parts of Model Y productions in China: BBG

Tesla (TSLA) plans to temporarily suspend some of its production lines for its Model Y electric vehicle in China for three weeks, as reported by Bloomberg. The stoppage will allow for upgrades to be made to the Giga Shanghai facility. Seana Smith and Brad Smith break down the latest about the EV manufacturer. 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 3 hours ago

TSLA
Rigetti Computing CEO after a 48% spike in stock price: We have to tamp down expectations

Rigetti Computing's CEO takes investors inside one of the hottest stocks in the market right now.

Yahoo Finance 4 hours ago

QBTS

QBTS-WS

GOOG
Rigetti Computing CEO on hype after his stock explodes 48%

How do you know as an investor that you are witnessing a borderline bubble in a stock? When a company (or companies) that has made no money ever is trading like it makes lots of money today will make even more money in the future. Welcome to the vibe continuing to surround quantum computing stocks such as D-Wave Quantum (QBTS) and Rigetti Computing (RGTI). Both of these stocks have been on mind-blowing runs the past three months in part because of enthusiasm for AI and a super-hyped new quantum chip from Google called Willow. The quantum space has also seen considerable investor interest on the Yahoo Finance platform, with the community consuming everything they could on the companies and the sector.  So, have investors become too optimistic about quantum computing stocks? Yahoo Finance Executive Editor Brian Sozzi goes right to the source, talking at length with Rigetti Computing CEO Subodh Kulkarni. Rigetti’s stock has exploded more than 500% in the past six months, bringing it to an eye-watering $2 billion market cap. Interestingly, Rigetti has never turned a profit and has told investors it won’t be making profits anytime soon. In fact, it may have to raise more capital to fund its ambitions in quantum chips. Sozzi serves up a classic investor guide to one of the market’s hottest stocks out of the gate in 2025. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website.

Yahoo Finance Video 5 hours ago

RGTI

RGTIW
Big Bank earnings, December CPI, FedSpeak: What to Watch

Market Domination Overtime anchors Julie Hyman and Josh Lipton detail the top stories to watch for on Yahoo Finance tomorrow, Wednesday, January 15. Major banks are preparing to launch the earnings season, with JPMorgan Chase & Co. (JPM), Citigroup (C), Wells Fargo (WFC), BlackRock (BLK), and Bank of New York Mellon (BK) all set to release their quarterly reports. On the economic data front, markets will receive a new Consumer Price Index (CPI) reading with economists expecting core CPI — inflation excluding food and energy prices — to hold steady at 0.3%, with headline inflation rising to 0.4% for the month of December. Additionally, several Federal Reserve officials are scheduled to speak, including Richmond Fed President Tom Barkin, New York Fed President John Williams, and Chicago Fed President Austan Goolsbee. Their remarks will provide further insights into the central bank's monetary policy direction. 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

Yahoo Finance Video 18 hours ago

JPM

BLK

BK
Departure of potential Fink successor creates new CEO drama at BlackRock

A potential successor to BlackRock CEO Larry Fink is reportedly leaving the firm, narrowing the list of contenders to become the next boss of the world's largest money manager.

Yahoo Finance 21 hours ago

JPM

BLK
Upcoming Earnings Reports to Watch on Thursday: TSM, UNH, BAC and MS

Anticipated Strong Performances from Technology, Healthcare, and Financial Giants

GuruFocus.com 16 minutes ago

UNH

MS-PQ

TSM
Artificial Intelligence (AI) Stocks Micron Technology, BigBear.ai, and C3.ai Pop After Positive Inflation Report

The Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped roughly 2% after new economic data showed easing inflation, a relief to investors that also led to a decline in Treasury yields. Shares of many artificial intelligence (AI) stocks moved higher on the news. Semiconductor company Micron Technology (NASDAQ: MU) traded 5.7% higher as of 12:12 p.m. ET.

Motley Fool 21 minutes ago

COMP

MU

AI
Trump USDOT nominee says Tesla safety probe will continue

President-elect Donald Trump's nominee to head the Transportation Department said he would allow an ongoing government probe into Tesla's advanced driver assistance system to continue. The National Highway Traffic Safety Administration in October opened an investigation into 2.4 million Tesla vehicles equipped with Full Self-Driving (FSD) software after four reported collisions, including a fatal 2023 crash. "I will let NHTSA do their investigation," former lawmaker Sean Duffy said at a U.S. Senate hearing.

Reuters 23 minutes ago

TSLA
JPMorgan Chase (JPM) Q4 2024 Earnings Call Transcript

JPM earnings call for the period ending December 31, 2024.

Motley Fool 28 minutes ago

JPM
XRP Price Hit Record High. Watch This SEC Vs. Ripple Development Today.

In August 2024, a judge ordered Ripple to pay a $125 million fine for violating investor-protection laws.

Barrons.com 33 minutes ago

BTC-USD

XRP-USD

ETH-USD
New Microsoft Program Gives Quantum Stocks Reprieve From Recent Losses

Quantum stocks rallied Wednesday, a day after Microsoft called 2025 "the year to become quantum-ready," mitigating a string of recent losses spurred by high-profile bearish comments on the sector.

Investopedia 38 minutes ago

MSFT

RGTIW
BlackRock (BLK) Q4 2024 Earnings Call Transcript

BLK earnings call for the period ending December 31, 2024.

Motley Fool 43 minutes ago

BLK
Goldman Profit Doubles as Stock Traders Score Record Haul

(Bloomberg) -- Goldman Sachs Group Inc. cruised past estimates as its equity traders delivered their best year on record. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesThe firm’s fourth-quarter profits more than doubled to $4.1 billion, buoyed by strength in its investment bank, expansion of its money-management business and a surprise $472 million

Bloomberg 53 minutes ago

GSC
Jim Cramer on Tesla, Inc. (TSLA): ‘When They Reported The Quarter It Was Bad’

We recently compiled a list of the Jim Cramer Discusses Joe Rogan, Elon Musk, And These 13 Stocks. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against the other stocks. In one of his latest appearances on CNBC’s Squawk on the Street, Jim Cramer started the morning by commenting […]

Insider Monkey 1 hour ago

TSLA
Intuitive Surgical Stock Jumps. ‘Da Vinci’ Robots Guide the Future.

Intuitive Surgical stock was rising Wednesday after the medical technology company’s preliminary fourth-quarter and full-year 2024 revenue topped Wall Street’s expectations. Shares of the surgical robotics company climbed 6.8% to $575.62, snapping a two-day losing streak and putting the stock on track for a record high, according to Dow Jones Market Data. For the quarter ended Dec. 31, Intuitive Surgical expects revenue to jump 25% to $2.41 billion, beating the FactSet consensus estimate of $2.2 billion.

Barrons.com 1 hour ago

ISRG
US Equity Indexes Rise as Core Inflation Eases, Bank Earnings Boost Sentiment

US equity indexes were up in midday trading Wednesday as core inflation rates eased, putting monetar

PREMIUM
MT Newswires 1 hour ago

COMP
Compass Stock Soars 18%: Defying a 29-Year Market Slump

Raised 2024 outlook, record cash flow, and market outperformance put Compass in the investment spotlight.

GuruFocus.com 1 hour ago

COMP

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How the LA wildfires may hit Big Bank earnings in 2025

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Rigetti Computing stock spikes higher on quantum computing hype

Tesla suspending parts of Model Y productions in China: BBG

Rigetti Computing CEO after a 48% spike in stock price: We have to tamp down expectations

Rigetti Computing CEO on hype after his stock explodes 48%

Big Bank earnings, December CPI, FedSpeak: What to Watch

Departure of potential Fink successor creates new CEO drama at BlackRock

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Goldman Profit Doubles as Stock Traders Score Record Haul

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Intuitive Surgical Stock Jumps. ‘Da Vinci’ Robots Guide the Future.

US Equity Indexes Rise as Core Inflation Eases, Bank Earnings Boost Sentiment

Compass Stock Soars 18%: Defying a 29-Year Market Slump