From the Yahoo Finance Newsroom Starbucks plans to announce corporate layoffs as soon as early March Three key announcements came from Starbucks this week as a major transformation is underway. Yahoo Finance • 24 minutes ago SBUX GSRCF Elon Musk's trillion-dollar efficiency commission has Trump's support, but needs Congress' help Many budget hawks have tried and failed to streamline the government and reduce gigantic annual deficits. Musk's efficiency commission will only succeed if forces a reluctant Congress to finally act. 'It's going to hurt': Real estate expert discusses how Trump's deportation plans could affect housing In a recent episode of Financial Freestyle, Matt Garland (aka the Mortgage Guy) explained how a mass deportation policy could upend construction and homebuilders. America's green energy boom will survive — and maybe even thrive — under Trump 2.0 The green energy transition is booming, even if government assistance dries up. Tesla stock jumps amid speculation Musk could buy TikTok Tesla stock jumped amid speculation that CEO Elon Musk could potentially buy TikTok. Retail CEOs wrestle with potential rising costs as new Trump tariffs loom Retailers are trying to figure tariffs out. It's not easy. Donald Trump loves to use the stock market as a scoreboard. Interest rates will be the judge of that. High interest rates have been weighing on the stock market rally, and there may be little Donald Trump can do to remedy that issue. GM facing safety probe into 870,000 SUVs and pickups. How bad is it? GM is potentially facing a large warranty issue as the National Highway Traffic Safety Administration (NHTSA) opened a preliminary investigation into engine failure affecting 877,710 GM SUVs and trucks. Trump will try to extend his 2017 tax cuts this year. When — and how — that happens is up in the air. Washington expects a deal to extend Donald Trump's 2017 tax cuts. The question is how quickly it happens. Trump says TikTok ban 'ultimately goes up to me.' Any leniency could alienate some of his closest allies. TikTok's fate in the US is now formally set to be an early test of the incoming Trump administration after a rapid series of events Friday confirmed that the issue would be a top one for Trump's early days in office. Stocks could be 'protected' from steep declines by Trump: BofA Bank of America investment strategist Michael Hartnett argued that further downside in the stock market could be protected by Trump's pro-market policies. How Trump can deliver on big promises made to the crypto industry Trump made a lot of promises to crypto enthusiasts in 2024 as he pledged to make the United States the "crypto capital of the planet." Can he deliver on all of them in 2025? Trump says he discussed 'balancing' TikTok with China's Xi Jinping as platform faces US ban Incoming President Donald Trump said Friday that he has discussed solving the problem of TikTok with China’s president Xi Jinping. The social media platform owned by Chinese tech giant ByteDance is set to face a nationwide ban starting Jan. 19. What could happen to your TikTok app on Jan. 19 What happens on your smartphone once a US law banning TikTok takes effect on Jan. 19? It will depend on the actions of TikTok parent ByteDance, President-elect Donald Trump, and some of America's largest tech giants. TikTok loses Supreme Court battle to stop US ban The Supreme Court upheld a US law that bans TikTok on Jan. 19 unless it is sold to an owner not controlled by a foreign adversary, a ruling that creates new uncertainty for a social-media app used by 170 million Americans. Novo Nordisk's stock down 4% as the Feds get ready for a second round of drug price negotiations Medicare released its next target list of 15 drugs to negotiate prices of, including Novo Nordisk's blockbuster GLP-1 drugs. Stock market today: Dow leads weekly stock market rally ahead of Trump inauguration Investors are appraising Trump policies' likely impact on stocks on the last trading day before the inauguration. What Trump is planning for day one — and what could matter most for investors Donald Trump and his allies are promising a "blizzard" of activity on Jan. 20, with perhaps 100 executive actions to be signed within hours of Trump's swearing-in. Elon Musk is our best chance in a lifetime at fixing government spending: Former Tesla exec All eyes are on DOGE and whether or not it will execute as intended. This former Tesla president has no doubt that Musk is up to the job. The tech CEO PDA for Trump is all about defense: Morning Brief Numerous tech CEOs are lining up to kiss the ring of the incoming president. But getting in Trump's good graces isn't just about getting what you want. It's about avoiding trouble. Why Trump saving TikTok isn't so legally simple President-elect Donald Trump is reportedly mulling unconventional ways to save TikTok from an impending US ban, including an executive order. Doing so could mean facing some serious legal hurdles. How a useless customer service number got Cash App in big trouble with regulators The Consumer Financial Protection Bureau says Cash App did not provide an in-person helpline, a failure that scammers were able to take advantage of. Scott Bessent’s 3-3-3 plan will turn out more like 2-6-0 Trump's new Treasury secretary wants higher growth, lower deficits, and more oil production. Worthy targets. Also unrealistic ones. Stock market today: Nasdaq slide leads stocks lower with earnings, Bessent confirmation hearing in focus Stocks failed to continue Wednesday's rally as retail sales and fresh earnings from big banks took focus. 'Of course' Fed should be independent, but Trump will 'make his views known': Bessent Treasury secretary nominee Scott Bessent told Senate lawmakers Thursday that the Federal Reserve should remain independent, but that Donald Trump 'is going to make his views known' as president. How TikTok's demise could boost Meta, YouTube, and other rivals TikTok's loss could be its rivals' gain if the app is banned in the US. Investors cheered December's inflation data. Experts say US economy is not 'out of the woods' yet. December's CPI print finally showed some relief in core inflation. But the threat of sticky prices is still a reality for most economists. Trump Treasury pick Scott Bessent defends sweeping tariffs in contentious Senate hearing Donald Trump's pick for Treasury secretary repeatedly defended a range of tariff ideas during his confirmation hearing before Senate lawmakers Thursday. United Health Group CEO addresses public outrage over claims denials in Q4 earnings UnitedHealth reported its first earnings since the murder of its insurance executive last month. Target announces better-than-expected holiday sales, but investors wary of no profit update Target is the latest retailer to share key insight into a strong holiday shopping season. AI watch: As his presidency winds down, Joe Biden aims to preserve the US lead over China President Joe Biden’s final days in office were all about cementing the United States’ well established lead over China in the market for artificial intelligence. Mortgage rates top 7%, hitting 7-month high. But relief may be in sight. Mortgage rates rose this week to the highest level since May 2024 during a period of market volatility. 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. Tesla is offering new Cybertruck discounts. Is there a demand problem? Tesla is discounting select Cybertrucks, the latest indication that the EV pickup and its polarizing design are suffering from a demand slump. Restaurant CEOs on the lookout for beef, chicken, and egg inflation for 2025 Inflation isn't out the window in 2025. Mazda CEO on record sales, popular hybrids and why no one can 'fully absorb' Trump’s tariffs Mazda, despite being the little brother among Japanese auto giants Toyota, Honda, and Nissan, had a great year. December retail sales signal strong economic growth to end the year The December retail sales report comes as investors are closely watching for signs of health in the consumer as the Federal Reserve is expected to hold interest rates higher for longer than initially hoped. Bank of America and Morgan Stanley cement a Wall Street revival Fourth-quarter profits at Bank of America and Morgan Stanley more than doubled as both benefitted from a Wall Street dealmaking revival that also lifted results at their rivals. Big banks enter the Trump era on a high note: Morning Brief For the nation's biggest lenders a second Trump term can lead to profits no matter what the Fed does to interest rates. Short-selling firm Hindenburg Research is closing up shop One of the stock market's most prominent short sellers is shutting down and planning to reveal its methods after the firm disbands. The final accounting on 'Bidenflation' Prices rose by more than incomes during Biden's four years in office. A change in presidents doesn't mean the problem is solved. Stock market today: Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading A better than-expected consumer inflation report sparked a rally in stocks on Wednesday. Housing inflation pressures ease in encouraging sign for Fed The latest Consumer Price Index showed that housing inflation pressures continued to moderate in December in an encouraging sign for the Federal Reserve. Scott Bessent to face questions about tariffs and Trumponomics 2.0 in Senate grilling Markets will be monitoring Scott Bessent's Thursday sitdown with the Senate for insights on the early mixed signals about Trumponomics 2.0. 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. These are the biggest issues facing the fashion industry in 2025 The global fashion industry is facing a slowdown and 2025 is likely to be challenging. Gasoline prices rise 4.4% in December as 'elevated' geopolitical tensions push energy costs higher Energy prices were volatile in December, contributing to a moderate month-over-month rise in inflation. SEC picks another fight with Elon Musk as Gary Gensler exits The Securities and Exchange Commission waged another legal battle against Tesla CEO and X owner billionaire Elon Musk, this time accusing Musk of defrauding Twitter’s shareholders. New inflation reading likely keeps the Fed on pause for now Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new reading did show some signs of easing. Core CPI rises less than forecast as inflation pressures ease slightly in December A key inflation metric eased for the first time since July as investors debate the Federal Reserve's next interest rate decision.
