Here are the most important news items that investors need to start their trading day:1. Day oneStock futures rose Tuesday in the first trading day of Donald Trump’s second term as president. Markets were closed Monday for Martin Luther King Jr. Day. U.S. stocks are coming off a strong week. The S&P 500 climbed 2.9%, the Dow rose 3.7% and the Nasdaq Composite ticked 2.5% higher. Investors will be watching Trump’s trade policy and other key pieces of his agenda, along with a few major earnings reports this week. Follow live market updates. 2. Trump takes officeDonald Trump is sworn…
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DAVOS, SWITZERLAND – JANUARY 21: European Commission President Ursula von der Leyen attends a session during the World Economic Forum (WEF) annual meeting in Davos, Switzerland on January 21, 2025. (Photo by Halil Sagirkaya/Anadolu via Getty Images)Anadolu | Anadolu | Getty ImagesThe European Union is “open for business” and keen on global partnerships, European Commission President Ursula von der Leyen said Tuesday, as the world braces for the trade protectionism of newly inaugurated U.S. President Donald Trump.”Europe will seek cooperation, not just with longtime likeminded friends, but with any country we share interests with,” Von der Leyen said during her…
The long-awaited trial in Prince Harry’s lawsuit against Rupert Murdoch’s London tabloids for unlawful gathering of information opened on Tuesday. But it was immediately adjourned amid signs that the prince was weighing a last-minute settlement offer from Mr. Murdoch’s News Group Newspapers.A lawyer for Harry petitioned the judge for an hour, before asking for yet another delay until 2 p.m. London time. During the break, lawyers huddled in the hallways of the High Court, which swarmed with journalists gathered to cover a trial that was expected to be the last major legal reckoning for victims of the phone hacking scandal…
JMP thinks Roku its well-positioned in streaming — an industry that is benefitting from increasing viewership and advertising. Analyst Matthew Condon initiated coverage of the streaming television company with a market outperform rating and $95 price target. That suggests 25.2% upside for the stock Condon said Roku could be a major beneficiary from the rapidly growing advertising spend in the connected TV, or CTV, segment — which is expected to grow at a 15% compound annual growth rate between 2024 and 2027. About $166 billion of linear TV ad spend is shifting to CTV, a trend driven by streaming platforms…
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.The head of the second largest U.S. bank by assets was asked by CNBC’s Andrew Ross Sorkin about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm for digital currencies.”If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it,” Moynihan said in an interview at the World Economic Forum in Davos,…
US President Donald Trump holds letter to the UN stating the US withdrawal from the Paris Agreement during the inaugural parade inside Capital One Arena, in Washington, DC, on January 20, 2025.Jim Watson | Afp | Getty ImagesU.S. President Donald Trump’s pledge to withdraw from the landmark Paris climate agreement for a second time creates a leadership vacuum that other countries can benefit from, according to the United Nations’ top climate official.Trump on Monday signed an executive order to pull the U.S. out of the world’s biggest coordinated effort to tackle rising temperatures. He also announced a “national energy emergency”…
An expected decline in interest rates could be stalled if the prospective tariffs of Donald Trump’s second White House administration bleed into markets and shore up inflation, UBS CEO Sergio Ermotti warned Tuesday.”Something that I’ve been saying for a while, inflation is much more sticky than we have been saying,” he told CNBC’s Andrew Ross Sorkin. “The [truth] of the matter is that we need to see also how tariffs will play a role in inflation.””Tariffs will probably not really help inflation to come down. And therefore I don’t see rates coming down as fast as people believe,” he said.Markets…
Qorvo has a chance to outperform after a major activist investor got involved with the company, according to Morgan Stanley. Analyst Joseph Moore upgraded the semiconductor and radio frequency chipmaker to overweight from equal weight and lifted his price target by $16 to $106. That suggests 25.9% potential upside for the stock, which rallied last week after Starboard Value unveiled a 7.7% stake in the company. Qorvo shares are now up roughly 20.4% this year, significantly outpacing gains from the broader market. The stock rose about 1.4% in premarket trading. Moore thinks that Starboard’s involvement could lead to “a renewed earnings recovery…
The head of one of Europe’s buzziest artificial intelligence startups said he expects artificial intelligence technology will move beyond large language models this year.Arthur Mensch, CEO of French AI firm Mistral, told CNBC he sees product focus in AI broadly moving away from models in 2025 and more toward “systems” that integrate models and contextual business data.”I think the focus should shift to systems,” Mensch told CNBC’s Arjun Kharpal in an interview Tuesday. “Models are a part of systems, but systems are connected to data, connected to tools, able to actually do things on your behalf, able to act in…
After his expulsion, Mr. Rudakubana was enrolled at the Acorns School in Lancashire, which caters to children with special needs, and at Presfield High School and Specialist College. But he struggled to integrate, the safeguarding agency said, a situation that worsened after the pandemic began in 2020 and schools closed. Despite professionals’ efforts to engage with him, he “continued to face challenges related to his emotional and behavioral well-being, social interactions and education,” the agency said, and his attendance was limited.‘Savagery and senselessness’On July 22, Mr. Rudakubana booked a taxi to take him to Range High School, according to a…
