much as 30% after Nvidia revealed a new stake of 1.2 million shares. On the other hand, Serve Robotics (SERVE), a food delivery robot company, saw its shares plummet by nearly 50% after Nvidia disclosed it had sold its entire stake in the company. The shake-up in Nvidia’s stock portfolio led to significant movements in the share prices of these companies on Friday. Fri, February 14, 2025 at 3:24 PM UTC Airbnb shares jump after beating analyst expectations Airbnb (ABNB) shares jumped on Friday after the travel company reported better-than-expected earnings. Airbnb’s revenue for the fourth quarter of 2024 beat analyst estimates, driven by strong growth in bookings and the company’s continued expansion into new markets. The positive earnings report sent Airbnb shares soaring, as investors reacted positively to the company’s performance. The stock closed the day with a significant gain, continuing its upward momentum from earlier in the week. Fri, February 14, 2025 at 2:50 PM UTC GameStop shares pop on speculation of move into bitcoin GameStop (GME) shares surged on Friday amid speculation that the video game retailer could be moving into the cryptocurrency space. Rumors circulating on social media suggested that GameStop could be considering a move into bitcoin or other digital assets, which led to a sharp increase in the company’s stock price. The speculation around GameStop’s potential entry into the crypto market fueled investor interest in the stock, pushing it higher throughout the trading day. GameStop’s shares closed with a significant gain, as traders reacted to the rumors and the possibility of a new direction for the company. Fri, February 14, 2025 at 2:10 PM UTC Moderna posts bigger-than-expected earnings loss, shares fall Moderna (MRNA) shares fell on Friday after the struggling vaccine maker reported a larger-than-expected earnings loss for the fourth quarter of 2024. The company’s revenue also fell short of analyst estimates, as Moderna continues to face challenges in its core business of developing and distributing vaccines. The disappointing earnings report sent Moderna shares tumbling, as investors reacted to the news of the company’s financial performance. The stock closed the day with a significant loss, as concerns about Moderna’s future prospects weighed on investor sentiment. Fri, February 14, 2025 at 1:30 PM UTC S&P 500 extends gains for third week in a row, Nasdaq 100 hits record The S&P 500 (^GSPC) closed out the week with gains on Friday, extending its winning streak for a third consecutive week. The index rose slightly on Friday, as investors digested a series of tariff updates, inflation data, and retail sales figures. The Nasdaq 100 (^NDX) also notched a record high close, capping off its best week of the year with a strong performance. Meanwhile, the Dow Jones Industrial Average (^DJI) fell slightly on Friday, following Thursday’s sharp gains. The major averages closed out the week with mixed results, but the S&P 500 and Nasdaq 100 both posted solid gains for the week, continuing their upward momentum. Fri, February 14, 2025 at 12:45 PM UTC Federal housing department workers brace for deep cuts in disaster aid, anti-discrimination divisions Workers at the US Department of Housing and Urban Development are bracing for deep staffing cuts in divisions that provide housing assistance, investigate discrimination, and compile market data and research. Around 50% of HUD employees are expected to lose their jobs as part of President Donald Trump and Elon Musk’s efforts to reduce the size of the federal government. The cuts are expected to impact several key divisions within HUD, including those responsible for housing assistance programs, anti-discrimination efforts, and market research. Employees at the Federal Housing Administration, which insures mortgage loans, are not expected to be affected by the cuts. The impending layoffs are part of a broader push by the Trump administration to streamline the federal government and reduce spending on non-essential programs. Fri, February 14, 2025 at 12:00 PM UTC Nvidia, Apple, Meta among this week’s gainers Big Tech stocks led this week’s gains as Nvidia (NVDA), Apple (AAPL), and Meta (META) closed out the five-day period in positive territory. Nvidia saw a 6% gain for the week, fueled by positive investor sentiment and a change-up in its equity holdings. Apple outperformed the rest of the “Magnificent Seven” stocks, posting a more than 7% gain for the week. Meta continued its strong performance, hitting new all-time highs on Friday and gaining more than 3% over the past five trading days. The tech giants led the market higher this week, with strong performances from Nvidia, Apple, and Meta contributing to the overall gains in the major averages. Fri, February 14, 2025 at 11:15 AM UTC Intel stock set to notch largest weekly gain since 2000 after JD Vance’s AI chip pledge Intel (INTC) stock was on track to post its largest weekly gain since 2000 on Friday, following US Vice President JD Vance’s comments on domestic AI chip production earlier in the week. Vance’s remarks at the AI Summit in Paris on Tuesday sparked a rally in Intel shares, which jumped 6% in response to his bullish comments on American-designed and manufactured chips. Investors also speculated about a potential joint venture between Intel and TSMC (TSM), further boosting the stock price. Intel’s strong performance this week was driven by positive sentiment around domestic chip production and the company’s future prospects in the AI market. Fri, February 14, 2025 at 10:30 AM UTC Investors ask whether Trump’s eye-for-eye tariffs means he won’t go universal Donald Trump’s recent focus on reciprocal tariffs has raised questions about whether the president will abandon his earlier campaign trail idea of implementing universal tariffs. The new approach to tariffs, which emphasizes reciprocity and fairness in trade agreements, marks a departure from Trump’s previous calls for broad-based tariffs on imported goods. The shift in strategy has led some investors to speculate that Trump may be moving away from his previous stance on universal tariffs in favor of a more targeted and strategic approach to trade policy. The president’s recent signing of a memorandum to study unfair trade practices and negotiate with affected nations suggests a shift towards a more nuanced and selective approach to tariffs. Fri, February 14, 2025 at 9:45 AM UTC Trump officials plan to fire 95% of CFPB staff, cancel its lease, union lawsuit says The Trump administration is reportedly planning to dismiss 95% of the staff at the Consumer Financial Protection Bureau (CFPB) and terminate the lease on its Washington, D.C., headquarters. The mass layoffs would effectively gut the agency responsible for overseeing financial services companies and protecting consumers from predatory practices. The move comes as part of a broader effort to downsize the federal government and reduce spending on regulatory agencies. The CFPB has been a target of criticism from some lawmakers and industry groups, who argue that it overreaches in its regulatory powers and imposes unnecessary burdens on financial institutions. The planned layoffs and office closures have sparked a federal lawsuit aimed at halting the Trump administration’s efforts to dismantle the agency.