Buffett beats S&P

Biden to block sale of U.S. Steel to Nippon Steel, US court blocks net neutrality rules, Meta appoints Republican Joel Kaplan to lead global policy, reserves at Fed sink below $3 trillion, and Buffett’s Berkshire beats S&P 500 in 2024...

Good morning.

The Fast Five Biden to block sale of U.S. Steel to Nippon Steel, US court blocks net neutrality rules, Meta appoints Republican Joel Kaplan to lead global policy, reserves at Fed sink below $3 trillion, and Buffett’s Berkshire beats S&P 500 in 2024…

Louis Navellier, one of Wall Street's most respected figures, has issued a chilling warning about the economic turmoil gripping America today. Click to watch now *
-from InvestorPlace

Calendar: (all times ET) - Full calendar

  • Today:
    ISM manufacturing, 10:00A

  • Monday:
    Factory orders, 10:00A

Your 5-minute briefing for Friday, January 3:

BEFORE THE OPEN

As of market close 1/2/2025.

Pre-Market:

US Investor % Bullish Sentiment:
↓ 35.44% for Week of January 02 2025

Previous week: 40.71%. Updates every Friday.

Market Wrap:

  • Futures flat; Dow -16 points, S&P -0.04%, Nasdaq -0.03%.

  • Thursday: Dow -150 points, S&P/Nasdaq -0.2% after early session gains faded.

  • S&P gained 23% in 2024 but fell 2.5% in December; no "Santa Claus" rally.

  • Liz Ann Sonders says market drop driven by "sentiment exhaustion."

  • Today: ISM Manufacturing Index and Fed speeches.

EARNINGS

No noteworthy earnings scheduled for release this week. See full calendar »

HEADLINES

The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in doubt.

Big tech shifts right to meet Donald Trump’s Washington.

  • Wall Street ends lower on first trading session of 2025 (more)

  • US court blocks Biden-era net neutrality rules (more)

  • Reserves at Fed sink below $3 trillion to the lowest since 2020 (more)

  • Weekly jobless claims hit 8-mo low as labor market remains resilient (more)

  • US output falls at fastest pace in 18 months (more)

  • Dollar at two-year high on growth outlook, euro tumbles (more)

  • Gold set for weekly rise (more)

  • Oil rises from 2-mo highs on optimism over policy support for growth (more)

  • Mortgage demand dives nearly 22% to end 2024 (more)

  • Treasury yields are putting pressure on stocks again (more)

  • Asian stocks gain, bucking a rocky start to 2025 (more)

  • Buffett’s Berkshire beats S&P 500 in 2024, posts 9th straight up year (more)

  • Tesla saw first annual decline in EV sales in more than a decade (more)

  • Apple to pay $95 million to settle Siri privacy lawsuit (more)

  • Citadel offers to let clients take profits but most decline (more)

  • Unity Software stock soars after a Roaring Kitty post (more)

A MESSAGE FROM LOUIS NAVELLIER

After 44 years on Wall Street, I've seen it all...

Black Monday, the Great Recession, the Covid crash.

But now a looming disaster is threatening America. And it's unlike anything we've ever experienced before.

You see, past crises could be 'fixed'... with policy band-aids, bailouts, and regulatory changes.

Not this time.

The next financial crisis will be irreversible. Tens of millions of Americans will be jobless...forever. The wealth gap will crack wide open...permanently...

And entire industries will be razed to the ground...for good.

I'm taking drastic steps to brace for what I know is barreling towards us. That's why I've recorded this video for all Americans.

Inside, I lay out exactly what's happening and several critical moves I believe every person should make right now.

It doesn't matter if you've stashed away a modest $10,000 emergency fund... or sitting on a $10 million nest egg.

And mark my words, doing so could put you in a far stronger and more resilient position than most.

-Louis Navellier
Senior Quantitative Investment Analyst, InvestorPlace

M+A | Investments

  • Thomson Reuters Corporation, a global content and technology company, acquired cPaperless, LLC, doing business as SafeSend, for $600M in cash(more)

VC

  • Rembrand, an In-Scene Media and Virtual Product Placement technology developer, raised $23M in Series A financing (more)

  • Qolab, Inc., a leader in superconducting quantum computing, raised over $16M to date in its Series A financing round (more)

  • Deterrence, a defense tech company automating the production of energetics, raised a total of $10.1M in funding (more)

CRYPTO

  • Crypto tokens climb as investors hopeful for friendlier US regulation in 2025 (more)

  • ETF companies are racing to launch the next ‘hot’ crypto fund (more)

  • MicroStrategy's bullish call skew disappears in cautious market sentiment (more)

  • Crypto will see revolution by acceleration (more)

BULLISH BITES

🌟 Golden Era: Trump wants to commit the U.S. to Bitcoin. Here's what might happen if he does.

🤖 Agentic: From Microsoft to Nvidia, the AI agents are coming in 2025.

🧠 Up Next: Google AI Studio boss foresees a straight shot to superintelligence.

⌚️ Collector: The 50 Greatest Watches of all time.

DAILY SHARES

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