Business and Finance News - 1.6.25

Man Who Called Nvidia at $1.10 Says Buy This Now...

• This company signed a major deal with Apple

• Nvidia and Google are invested in this company

• And its tech is found in products from Samsung and Google

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United Airlines will introduce Starlink Wi-Fi on flights starting this spring, beginning with Embraer E-175 aircraft and expanding to the full regional fleet by 2025. The partnership highlights Starlink’s growing influence in aviation, offering free high-speed internet to United’s MileagePlus members for streaming, gaming, and shopping. (CNN)

Key Insight → The integration of Starlink on United Airlines flights signals a transformative shift in the in-flight connectivity market, setting new standards for speed and accessibility. This development highlights the increasing influence of Elon Musk’s ventures across diverse industries, reinforcing how technology is reshaping traditional sectors like aviation. For the broader market, the move not only intensifies competition among airlines to enhance passenger experiences but also accelerates the demand for reliable, high-speed internet in transit, further expanding the commercial reach of satellite-based services.

The U.S. Department of Transportation fined JetBlue $2 million for deceptive scheduling that led to chronic flight delays. Half of the fine will compensate affected customers, while the other half goes to the Treasury, marking the first penalty of its kind against an airline for unrealistic flight schedules. (Yahoo! News)

Key Insight → The $2 million fine against JetBlue marks the first time the U.S. government penalized an airline for operating unrealistic flight schedules, signaling stricter oversight of airline practices. This action highlights growing concerns about deceptive scheduling and could prompt broader accountability across the industry. For consumers, it sets a precedent for compensation during significant delays, potentially improving overall airline transparency and service.

The Consumer Financial Protection Bureau sued Walmart and Branch for allegedly forcing gig drivers to use costly deposit accounts, resulting in over $10 million in fees. The lawsuit claims drivers faced misleading wage access terms and could lose their jobs if they opted out of using these accounts. (AP News)

Key Insight → The lawsuit against Walmart and Branch highlights growing scrutiny over gig worker pay practices, emphasizing the importance of protecting workers from hidden fees and restrictive payment methods. This case signals a broader push to ensure fair compensation structures in the gig economy. If successful, it could drive regulatory changes affecting how large corporations engage with independent contractors and handle wage disbursement.

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Here’s how the major indexes did on Friday:

• Dow Jones Industrial Average: 42,732.13 +339.86 (+0.80%)

• S&P 500: 5,942.47 +73.92 (+1.26%)

• Nasdaq Composite: 19,621.68 +340.88 (+1.77%)

• Russell 2000: 2,268.47 +36.80 (+1.65%)

Here’s how The Magnificent Seven did on Friday:

• Apple (AAPL) [3.679T]: 243.36 -0.49 (-0.20%)

• Nvidia (NVDA) [3.538T]: 144.47 +6.16 (+4.45%)

• Microsoft (MSFT) [3.148T]: 423.35 +4.77 (+1.14%)

• Amazon (AMZN) [2.357T]: 224.19 +3.97 (+1.80%)

• Alphabet (GOOGL) [2.348T]: 191.79 +2.36 (+1.25%)

• Meta Platforms (META) [1.526T]: 604.63 +5.39 (+0.90%)

• Tesla (TSLA) [1.318T]: 410.44 +31.16 (+8.22%)

Here’s how Bitcoin and Ethereum did yesterday:

• Bitcoin (BTC): $98,832.94 (6:00PM PST on 1/5/25)

• Ethereum (ETH): $3,653.42(6:00PM PST on 1/5/25)