Stocks jump as Trump walks back European tariff threats |
The S&P 500, Nasdaq 100, and Russell 2000 jumped after US President Donald Trump said he wouldn’t slap tariffs on several European countries after reaching what he called “the framework of a future deal” on Greenland with NATO’s secretary general. Small caps completely recovered from yesterday’s losses, while the Russell 2000 beat the S&P 500 for the 13th consecutive session. The rally was broad-based, with all sector ETFs trading higher, led by energy.
Stocks that moved higher: |
- Lucid surged as the EV maker extended its deal with Rockwell Automation.
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Intel ripped amid a flurry of activity in the options market and a couple of positive analyst assessments ahead of its earnings report due tomorrow.
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Seagate Technology Holdings rose as analysts at BNP Paribas upgraded the shares to “outperform” from “neutral” and lifted their price target to $380 a share.
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Shares of United Airlines rose following the release of the carrier’s fourth-quarter and full-year earnings report after the bell yesterday.
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GameStop jumped as CEO Ryan Cohen purchased $10.6 million in company stock.
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Amazon just got the green light to build a hybrid big-box store and fulfillment center in Illinois, twice the size of a typical Target. Read more. |
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It’s hard to overstate just how massive Meta’s Richland Parish, Louisiana, data center site is. We created this interactive tool to compare it to where you live. Try it out. |
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Apple is reportedly working on a wearable AI pin
The Information reports that the Apple-Airtag sized device could be ready as soon as early 2027.
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As public pushback against data centers grows, AI companies promise they’ll be good neighbors
Communities concerned with energy prices, pollution, and water usage are starting to push back on Big Tech’s AI data center building spree. The companies are trying to assure the public that they will pay their way. - America’s love for spicy food and mouth-tingling sauces has surged, but are we approaching “peak heat”?
Takis doesn’t think so, as it searches for a “Chief Intensity Officer.” -
OpenAI shares how it will charge for ChatGPT ads
OpenAI has reached out to “dozens” of advertisers to buy less than $1 million each, and will roll out the ads beginning in February, according to The Information.
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Netflix made $1.5 billion from advertising last year, about 3% of its total revenue
The figure rose more than 2.5x last year, per the company. -
BlackRock singles out ethereum as “beneficiary of growth”
In next era of tokenization, ethereum is poised to dominate the market — it currently commands over 65% of tokenized assets across blockchain networks. -
Streamers continued retreating from original shows in 2025
The death of “peak TV” has not been exaggerated, per a new report from Luminate. -
Morgan Stanley expects Tesla to have 1,000 Robotaxis by the end of 2026
In October, Musk said there would be 1,500 by the end of 2025. -
Ikea bets big on India, ramping up investment and production efforts
The Swedish retailer is more than doubling its investment in the country to over $2.2 billion in the next five years, after another period of slumping sales. -
OpenAI rolls out age prediction system ahead of allowing adult content
Hopefully it does a better job than Spotify Wrapped!
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