Dow, S&P 500, Nasdaq futures slip as investors weigh week of Trump tariffs,

The Trump administration is reportedly looking into renegotiating the terms for some awards under the CHIPS Act, meaning that some upcoming funding handouts will be delayed.

The White House is said to be reviewing projects given backing under the Biden-era effort, which aims to lift US production of chips via up to $39 billion in subsidies.

Many of the biggest recipients — which include Intel (INTC), TSMC (TSM), Samsung Electronics (005930.KS, SSNLF) and SK Hynix (000660.KS, HXSCL) — have major manufacturing facilities in China.

Reuters reports:

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Yahoo Finance’s Brian Sozzi reports:

Coinbase (COIN) cashed in for the final quarter of 2024.

Shares of the crypto exchange fell slightly to $295.18 each in pre-market trading on Friday, despite a better-than-expected earnings report the night before.

The pullback in the stock likely reflects its mixed guidance for the first quarter, where an increase in marketing spending could bring a sequential step-down in profit margins.

But the chatter on Wall Street is that the stock’s muted reaction shows watchers are missing the forest for the trees.

“We think management guided conservatively for the first quarter,” JP Morgan analyst Ken Worthington said in a client note.

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Beijing has invited Alibaba’s (BABA, 9988.HK) Jack Ma, DeepSeek’s founder and other entrepreneurs to meet China’s top leaders, including President Xi. Next week’s meeting signals a major shift from a five-year push to rein in China’s billionaires and the private sector.

Gains for Alibaba shares in Hong Kong helped boost the Hang Seng China Enterprises Index (^HSCE) to a 4.1% closing gain on Friday — its biggest since February 2022.

Bloomberg reports, citing people familiar with the matter:

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AirBnB (ABNB)

Shares of Airbnb soared over 14% in extended trading following stronger-than-expected Q4 profit, with revenue rising 12% to $2.5 billion and net income of $461 million. Bookings grew 12% to 111 million, while gross booking value climbed 13% to $17.6 billion, surpassing analyst expectations.

GameStop (GME)

GameStop (GME) shares surged nearly 10% in after-hours trading on Thursday following reports that the video game retailer is considering investing in cryptocurrencies, including bitcoin (BTC-USD). The company has been tied into cryptocurrencies for years, hitting all-time highs among meme-stock resurgence.

Palo Alto Networks (PANW)

Palo Alto Networks slumped 5% after the market closed Thursday. The company had popped during trading hours following its full-year…