Latest News View More Starbucks, union withdraw lawsuits filed against each other, company says "We continue to work to reach agreement on a framework for single-store contracts," Starbucks said in a statement. The union went on a five-day strike just ahead of Christmas, which closed Starbucks stores in multiple cities including Los Angeles, Chicago and Seattle. Reuters • 1 hour ago SBUX Trump may be his own worst enemy in his fight against the Fed South Korea Exports Stay Resilient as Trump Tariff Threat Looms Warner Bros Discovery partners with specialist investor to co-own music rights portfolio Why A New Rule Helped Tesla Get $600M in Bitcoin Gains But May Cost MicroStrategy Billions AstraZeneca abandons £450m vaccine factory in blow to Reeves McDonald's settles lawsuit over Latino scholarship program by opening door to non-Latino applicants Stock Market News View More Texas Stock Exchange files to operate nationally, eyes trading in early 2026 The Texas Stock Exchange (TXSE) is eyeing a 2026 launch after submitting paperwork to operate as a national securities exchange, its parent company said on Friday. The company hopes the U.S. Securities & Exchange Commission will approve the application before the end of the year as it attempts to disrupt the New York-dominated industry. The proposed exchange said it wants to reverse the shrinking number of publicly traded companies, tackling what it described as the high cost of going public and remaining on exchanges. Reuters • 2 hours ago Stablecoins are finding product-market fit in emerging markets Trump tariff promises unnerve markets but leave questions Nvidia’s DeepSeek Drop Has Wall Street Fixated on Key Stock Mark Dangerous Week on Wall Street Fires Up ‘Diversify Or Else’ Bets Stocks Jolted by Tariff Anxiety as Dollar Climbs: Markets Wrap Autos, Chipmakers, China Stocks Brace for Impact as Tariffs Loom Earnings View More Amazon is jumping on the DeepSeek wave to boast about its AI game. But the real test will be its upcoming earnings As AWS added China's DeepSeek's RI model to its customer menu of cloud AI services, company execs said the upstart AI company proved Amazon's AI playbook is the right one. Fortune • 3 hours ago AMZN Analysis-Looming tariffs worry Wall Street over earnings hit, inflation pressure Apple Stock Price Levels to Watch After Earnings Report as iPhone Upgrades in Focus 'Better than feared': Apple’s earnings beat appeases Wall Street despite iPhone sales miss First look: ArcBest Q4 earnings RBC Bearings’s (NYSE:RBC) Q4 Earnings Results: Revenue In Line With Expectations Q3 Earnings Outperformers: Masco (NYSE:MAS) And The Rest Of The Home Construction Materials Stocks Earnings are 'the key pillar' for markets right now Truist co-chief investment officer and chief market strategist Keith Lerner joins Morning Brief to discuss earnings season, share his market outlook, and highlight key trends and opportunities for 2025. Lerner explains that forward earnings trends have been "the key pillar ... the most steady part of this bull market." With forward earnings estimates continuing to reach new highs and the current quarter's beat rate around 5% above expectations, Lerner remains confident in the market's bullish trajectory. According to Lerner, the only thing that has "shifted" is the broadening market performance, with 10 out of 11 sectors posting gains. He identifies promising sectors, including communications services, technology, mid caps, and financials. "It's not just one or two sectors that are driving this right now," he emphasizes, suggesting more diversified investment opportunities. Regarding potential policy impacts, Lerner notes that "markets are all about expectation and how things come in relative to expectation." He anticipates that if implemented, Trump's policies could "invoke volatility at some point." 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 04:06 Biden's inflation problem is now Trump's. How he's handling it. 01:06 DeepSeek AI, Big Tech earnings, Fed decision: ICYMI 04:38 'Portion' of tariffs likely to pass on to US consumers: Analyst 03:19 Exxon, Chevron earnings: Analyst eyes oil giants' free cash flows From the Yahoo Finance Newsroom View More How couples can achieve more fairness in their household finances How oil emerged as a central sticking point in the Trump tariff talks Trump 2.0 will test how voters measure prosperity Goldman Sachs says go 'long gold' amid tariff uncertainty New inflation reading reinforces Fed's go-slow strategy 2 charts show why markets are skittish about Trump's tariff policy Stock market today: Dow, S&P 500, Nasdaq stumble as Trump recommits to sweeping tariffs on Saturday Why this 50-year-old restaurant chain has a stock that's smoking Nvidia's Premium News View More The Zuckerberg-Musk Double Act Early Google Employee Who Negotiated Apple Search Deal Has Departed Equity Markets Retreat as Tariffs Loom Oil Rig Count Rises, Crude Prices Headed for Weekly Declines as Tariffs Loom Walgreens Shares Slump After Dividend Suspension; RBC Sees Move Helping Turnaround Efforts Macro Data, Corporate Earnings Leave Equities Mixed Intraday Fed's Bowman Calls for Gradual Approach to Policy Adjustment Amid Upside Inflation Risks Charter Communications Tops Quarterly Views Amid Residential Mobile Service Revenue Boost Housing View More How to get a mortgage: Process and tips to boost eligibility Mortgage and refinance rates today, January 31, 2025: How can you snag a rate under 7%? 25 Cities That Could Have the Most Stable Housing Markets by the End of 2025 Average rate on 30-year mortgage eases for second week in as row, but remains just below 7% Mortgage rates stay stuck near 7% Mortgage Rates in US Inch Down, Keeping 30-Year Loans Below 7% 20 Cities Earning the Least Money for Real Estate Investors Fewer homes went under contract in December amid high rate pain Personal Finance Money market account rates today, January 31, 2024 (up to 4.75% APY return) Yahoo Personal Finance • 14 hours ago Savings interest rates today, January 31, 2025 (up to 4.75% APY return) 7 things to know about the Hilton Aspire Card Tech Nvidia CEO Huang Meets Trump at White House on Friday Bloomberg • 3 hours ago NVDA Factbox-US imports of Canadian and Mexican crude oil by company OpenAI's 'cost-effective' new AI model is here as pressure from DeepSeek heats up Crypto Bitcoin at $1M? ‘At one penny a satoshi, it’s inevitable’ — Top mining exec TheStreet • 4 hours ago A Blueprint for Crypto Market Structure Grayscale Launches Dogecoin Trust More News UPS Earnings Top Views But Shipping Giant Dives On Amazon News United Parcel Service announced on Wednesday that it will slash business with a key customer along with mixed fourth-quarter results. The delivery giant said it has "reached an agreement in principle with its largest customer" — Amazon.com — "to lower its volume by more than 50% by the second half of 2026." On Wednesday, UPS also revealed it has cut ties with USPS (United States Postal Service) for last-mile delivery of SurePost packages. Stock market today: Wall Street surrenders gains after White House confirms Trump tariff move Stocks on Wall Street surrendered early gains and closed broadly lower Friday after the White House said President Donald Trump would impose promised tariffs on key U.S. trading partners. The S&P 500 fell 0.5% and the Nasdaq composite dropped 0.3%. Trump will put in place 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China effective Saturday. US inflation increases in December; consumer spending robust U.S. inflation increased by the most in eight months in December amid robust consumer spending on goods and services, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon. While the report from the Commerce Department on Friday showed a modest gain in prices excluding the volatile food and energy components on a monthly basis, the annual increase in the so-called core inflation has not slowed since October. The policy statement accompanying the decision did not include the reference to inflation having "made progress" toward the Fed's 2% target. Analyst Report: V.F. Corporation VF designs, produces, and distributes branded apparel, footwear, and accessories. Its apparel categories are active, outdoor, and work. Its portfolio of 11 brands includes Vans, The North Face, Timberland, Altra, and Dickies. VF markets its products in the Americas, Europe, and Asia-Pacific through wholesale sales to retailers, e-commerce, and branded stores owned by the company and partners. Tracing its roots to 1899, the company has evolved through many brand acquisitions and dispositions. Exxon posts mixed Q4 results with higher oil production, weak refining profit HOUSTON (Reuters) -Exxon Mobil on Friday posted mixed fourth-quarter results that showed weakness in its refining and chemicals business, though it beat Wall Street's profit estimate with higher oil and gas production. Shares of the No. 1 U.S. oil producer declined 1.7% to $107.72 in afternoon trading, which was in line with a drop in the broader S&P 500 Energy Sector index. Global oil demand lagged expectations in 2024, pushing down crude and fuel prices and impacting the industry. The Major Indexes Are Losing Steam. Here are the Spoilers. Now the S&P 500 is struggling to hold on, too. The market benchmark erased earlier gains but was back up 0.1%. The Nasdaq Composite was down 0.3%. The Dow was up just 41 points, or 0.1%. The S&P’s struggles came despite 416 of the stocks in the index actually trading higher. El Salvador Passes Change to Bitcoin Law, Sparking Bond Gain (Bloomberg) -- El Salvador’s dollar bonds rose the most in emerging markets Thursday after lawmakers approved changes to the nation’s Bitcoin law that were needed to secure an International Monetary Fund loan.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens St UPS reducing Amazon delivery volume; shares slump on 2025 revenue hit (Reuters) -United Parcel Service forecast on Thursday downbeat 2025 revenue as it accelerates a plan to slash millions of deliveries for its largest customer, Amazon.com, a surprise move that sent shares tumbling as much as 18%. UPS plans to shrink profit-denting Amazon volumes more than 50% by the second half of 2026 - five times faster than it did between 2021 and 2024. "Amazon is our largest customer, but it's not our most profitable customer," said UPS CEO Carol Tome, adding that the business is "extraordinarily dilutive" to margins. Gold Hits Record High on Weak Dollar as Trump Tariff Risks Loom (Bloomberg) -- Gold hit a new all-time high as the dollar pushed lower and traders sought safety amid concerns over President Donald Trump’s tariff measures.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials Bullion surged as much as 1.4% to $2, Analyst Report: Gentex Corporation Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. Automotive revenue is about 98% of total revenue. The company is constantly developing new applications for the technology to remain on top. Sales in 2023 totaled about $2.3 billion with 50.6 million mirrors shipped. The unit mix breaks out as 63% interior and 37% exterior, versus 31% exterior in 2019. The company is based in Zeeland, Michigan.
