Business and Finance News - 1.3.25

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Dockworkers on the East and Gulf coasts will resume contract talks next week to avoid a potential strike before the January 15 deadline. A prolonged strike could disrupt U.S. imports and exports, leading to shortages and price increases, with automation being a key point of contention in negotiations. (Axios)

Key Insight → The resumption of contract negotiations between dockworkers and their employers is critical because it could prevent a strike that would disrupt half of the U.S.'s container imports and exports, potentially causing shortages and price increases across industries. This situation underscores the delicate balance between labor rights and technological advancement, as automation at ports remains a contentious issue. The outcome of these talks could set the tone for labor relations and economic stability at the start of the new administration, reflecting broader trends in U.S. labor policy and trade.

The earliest versions of Popeye and Tintin, along with other works from 1929, have entered the public domain in the U.S., allowing free reuse and adaptation. This includes iconic films, literature, and art, creating new opportunities for creative projects and commercial use. (The Verge)

Key Insight → The entry of Popeye and Tintin into the public domain allows creators to freely adapt and reinvent these iconic characters, fostering new artistic projects and commercial ventures. This shift can spark innovation across entertainment and media, potentially revitalizing interest in classic franchises. For the larger market, it signals opportunities for content development, driving competition and expanding consumer choices.

Tesla reported its first annual decline in deliveries, falling 1.1% to 1.79 million vehicles in 2024, as competition from BYD and reduced demand affected sales. Analysts cited aging models and increasing alternatives, while Tesla shifted focus to autonomous taxis and Cybertruck production to boost future growth. (Reuters)

Key Insight → Tesla’s first annual drop in deliveries highlights increasing competition, slowing demand, and the challenges of an aging product lineup. Pressure from Chinese rivals like BYD and reduced incentives in key markets have impacted growth. This signals a shift in the electric vehicle market, emphasizing the need for innovation and cost-effective models to sustain momentum.

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Here’s how the major indexes did yesterday:

• Dow Jones Industrial Average: 42,392.27 -151.95 (-0.36%)

• S&P 500: 5,868.55 -13.08 (-0.22%)

• Nasdaq Composite: 19,280.79 -30.00 (-0.16%)

• Russell 2000: 2,231.67 +1.51 (+0.07%)

Here’s how The Magnificent Seven did yesterday:

• Apple (AAPL) [3.686T]: 243.85 -6.57 (-2.62%)

• Nvidia (NVDA) [3.387T]: 138.31 +4.02 (+2.99%)

• Microsoft (MSFT) [3.112T]: 418.58 -2.92 (-0.69%)

• Alphabet (GOOGL) [2.319T]: 189.43 +0.13 (+0.07%)

• Amazon (AMZN) [2.316T]: 220.22 +0.83 (+0.38%)

• Meta Platforms (META) [1.513T]: 599.24 +13.73 (+2.34%)

• Tesla (TSLA) [1.218T]: 379.28 -24.56 (-6.08%)

Here’s how Bitcoin and Ethereum did yesterday:

• Bitcoin (BTC): $96,805.45 (2:45PM PST on 1/2/25)

• Ethereum (ETH): $3,436.32 (2:45PM PST on 1/2/25)