News

Oilfield company SLB raised its quarterly dividend and accelerated share repurchases on Friday as its fourth-quarter profit beat expectations, while also warning of flat 2025 revenue due to an oil oversupply. The world's largest oilfield services company increased its quarterly dividend by 3.6%, and said it would buy back $2.3 billion of shares at an "accelerated" pace. First-quarter and full-year revenue would largely be unchanged from the same periods last year, as excess oil supply limits oilfield activity, the company said.

(Bloomberg) -- Some less-loved sectors of US equities are taking the lead in driving the market higher to start 2025, as lofty valuations and slowing profit growth dull the appeal of the technology giants that fueled much of last year’s strength.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Get

Bitcoin-associated stocks jumped after the cryptocurrency’s price climbed above $104,000.

U.S.-listed Chinese stocks including Alibaba Group Holding (NYSE:BABA), Baidu, Inc (NASDAQ:BIDU), JD.com, Inc (NASDAQ: JD), PDD Holdings Inc (NASDAQ: PDD), NIO Inc (NYSE: NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE:XPEV) gained on Friday in sympathy with acceleration of China’s economic activity beating expectations for the last quarter of 2024 as stimulus measures kicked in. China’s gross domestic product expanded by 5.4% in the fourth quarter, beating Reuters estimates of 5.0% growth, C

(Bloomberg) -- Futures traders are shaking up their bets in the Treasury market after benign inflation data and dovish comments from a Federal Reserve official.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesScaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral RunIn a City of Sprawl, Wildfire Evacuation Is Getting HarderWill Americans Ever Lose Their Taste for Telework?Changes over the past two

Shares of the chipmaker are rising today alongside broader markets, leaving them up more than 8% in January and outpacing the S&P 500.

Shares in TikTok competitors were little helped on Friday after the high court let the ban stand, indicating that investors are not convinced it will happen.

Shares of Qorvo got a boost when it was learned that hedge fund Starboard Value has taken a 7.7% stake in the maker of radio frequency and power chips.

Intel’s (INTC) stock was up by more than 8% during late-morning trading on Friday after a report said the faltering chipmaker is being targeted for an acquisition.

Rivian Automotive shares rose Friday, a day after the electric vehicle maker announced it had finalized a federal loan worth up to $6.6 billion to build a factory in Georgia.