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Tesla surged on Friday, capping a huge week for the EV maker as the stock hit its highest close in over two years. Optimism over CEO Elon Musk’s relationship with President Trump has sent investors into a frenzy, with Tesla’s market cap now topping $1 trillion. https://yhoo.it/48G2qf0

Tesla's Elon Musk is full steam ahead for the EV maker, outlining a significant ramp in production for 2025 and eyeing the start of a ride-hailing platform. What’s more, Tesla continues to rake in big bucks from full self-driving technology and expects humanoid robots to be a large contributor to the business in the not-too-distant future. Yahoo Finance Executive Editor Brian Sozzi recently sat down with Bank of America senior automotive analyst John Murphy to talk about what Tesla's future looks like. More: https://lnkd.in/eFyEn_d3 #yahoofinance #finance #tesla #EV #automation #business #markets #wallstreet #stocks #investing #earnings #tech #innovation

US stocks capped their best week of the year on Friday after the S&P 500 briefly hit 6,000 in a market rally spurred by Donald Trump's White House victory followed by the Federal Reserve's latest rate cut. https://yhoo.it/3CgRkB4

Wall Street major gauges notched fresh milestones during Friday's session after racking up more records on Thursday as the Federal Reserve delivered the expected interest rate cut. https://yhoo.it/3CkICC0

Americans are feeling increasingly better about the short-term path for inflation. The latest consumer sentiment survey from the University of Michigan revealed that consumers expect inflation to sit at 2.6% in a year, a decrease from last month's expectation of 2.7%. November's reading is the lowest since December 2020 and is within the 2.3% to 3.0% range seen in the two years before the pandemic. Expectations for long-run inflation did tick higher though, rising to 3.1% from 3% the month prior. The overall consumer sentiment index popped to a reading of 73, up from 71 in October. Interviews for the survey concluded on Monday and therefore don't capture any reactions to election results. The responses come as inflation has continued to trend lower throughout 2024. In September the Consumer Price Index (CPI), a popularly cited inflation reading, increased 2.4% over the prior year. This marked its lowest annual increase in prices since February 2021. More: https://lnkd.in/eUDgXk3n #yahoofinance #finance #inflation #economy #money #markets #wallstreet

People don't realize how important autonomous vehicles could be, Bank of America senior automotive analyst John Murphy says. More: https://lnkd.in/eFyEn_d3 #yahoofinance #finance #autoindustry #cars #business #markets #wallstreet

Paramount reported third quarter earnings before the bell on Friday that showed further improvement in its streaming business as it gets ready to combine with Skydance Media. The media giant posted its second quarter of profit in a row for the segment. For the first nine months of the year, streaming losses stand at $211 million, a nearly $1 billion improvement from the $1.18 billion the company lost through the first nine months of last year. But overall revenue in the quarter missed expectations as the company booked continued declines in its linear TV business and saw a pullback in its studios segment. Here's what to know on Yahoo Finance... #paramount #stockmarket #earnings #business #finance

Warner Bros. Discovery stock rose as much as 17% on Thursday after the company reported strong streaming results in the third quarter that included its largest-ever quarterly subscriber growth since the launch of Max. But revenue missed expectations as the media giant struggled with a drop in its studios segment and continued declines from its linear TV business. Revenue came in at $9.62 billion, missing Bloomberg consensus expectations of $9.81 billion and a 3% drop compared to the $9.98 billion seen in Q3 2023. The company reported adjusted earnings per share of $0.05 versus a loss of $0.17 in the year-earlier period. Consensus expectations had anticipated a loss closer to $0.09 a share. Streaming was the bright spot in the quarter, with 7.2 million subscribers added, a beat compared to estimates of a 6.1 million net increase and the company's largest quarterly subscriber growth yet. The additions were also ahead of the 700,000 subscriber loss the company reported in the year-earlier period. Amid streaming's success, other pockets of the business remained under pressure. More: https://lnkd.in/eFJpe4Ui #yahoofinance #finance #business #earnings #wallstreet #stocks #investing #markets #streaming #entertainment

Former President Donald Trump's win in the 2024 election will impact large swaths of the market, including the Big Tech sector. TD Cowen Inc. analysts view Trump’s win as a greater positive for megacap tech companies than a Kamala Harris administration. More: https://lnkd.in/e2d3QWDH #yahoofinance #finance #tech #markets #wallstreet #investing #politics #economy #stocks

Mortgage rates rose for a sixth consecutive week, following Treasury yields as they climbed higher through the presidential election. https://yhoo.it/3UFeY0B