Reported about 8 hours ago
The S&P 500 experienced its longest winning streak since January, driven by a rebound in tech stocks, with notable gains from companies like Tesla and NVIDIA. Despite this positive momentum, consumer sentiment remains low, with revised numbers indicating significant pessimism. Analysts warn of potential earnings pressure due to ongoing tariff confusion and other market headwinds, suggesting that without clear policy direction, market volatility may continue.
Source: YAHOO
Reported about 9 hours ago
Top CEOs from companies like Whirlpool, Southwest Airlines, Chipotle, and T-Mobile have expressed concerns over the uncertainty created by President Trump's tariff policies, which are adversely affecting consumer confidence and business demand. Executives report a decline in discretionary spending and predict that the effects of tariffs could lead to increased prices and decreased purchasing. Despite these challenges, some companies are committed to continued investment in innovation and brand demand.
Source: YAHOO
Reported about 9 hours ago
Kaj Larsen, a former Navy SEAL, co-founded Siebert.Valor, a fintech platform aimed at empowering veterans and first responders through smart investing and financial education. In the latest episode of the Warrior Money podcast, he discusses the importance of investment knowledge, financial misinformation, and trust in business, shedding light on how military experience brings unique value to the financial sector.
Source: YAHOO
Reported about 9 hours ago
In the week beginning April 28, investors will closely follow earnings reports from major companies including Apple, Meta, Amazon, and Microsoft, part of the 'Magnificent Seven.' In addition, key economic data such as the PCE inflation report and the April employment report will also be released, providing insight into the current financial landscape.
Source: YAHOO
Reported about 10 hours ago
Source: YAHOO
Reported about 11 hours ago
The US Department of Justice is urging Alphabet to sell Google Chrome as part of its antitrust remedy, with companies like OpenAI and Yahoo expressing interest in acquiring the browser. Testimonies have highlighted the impact a sale would have on competition and data security, while Google warns of negative consequences for innovation and consumer privacy.
Source: YAHOO
Reported about 11 hours ago
The Trump administration announced it will reinstate the legal status of numerous international students whose visas were recently canceled due to national crime database checks, following widespread lawsuits. This decision, described as a major policy reversal, comes in response to claims that the visa terminations were unjust and had instilled fear among students. Lawyers representing the affected students noted that the legal fight highlighted the need for due process, as many students faced deportation despite having no criminal records.
Source: YAHOO
Reported about 11 hours ago
U.S. stocks rose on Friday with significant gains in tech, led by Tesla and Nvidia, amid easing trade tensions and optimism about potential Federal Reserve rate cuts. Tesla saw a nearly 10% increase following speculation about entering the Indian market and easing self-driving regulations, while Nvidia surged nearly 4%. The S&P 500 marked its longest winning streak since January, gaining over 4% for the week. Investors are looking ahead to earnings reports from other major tech companies next week.
Source: YAHOO
Reported about 11 hours ago
The ongoing tariff tension between the US and China shows signs of easing, as China reportedly reduces tariffs on select US semiconductors and pharmaceuticals. While President Trump claims he spoke with President Xi Jinping, the Chinese government denied any negotiations are happening, prompting further confusion. Trump has indicated he may eliminate some tariffs if substantial concessions are received from China, but the mixed messages continue to create uncertainty over the future of trade relations. Meanwhile, developments such as potential trade deals with South Korea and further exemptions for certain products reflect the complex landscape of international tariffs.
Source: YAHOO
Reported about 12 hours ago
Novo Nordisk has successfully won a legal case against compounding pharmacies selling counterfeit versions of its GLP-1 drugs, including Ozempic. However, the ruling may not eliminate all knockoffs, as certain compounding pharmacies may exploit loopholes to continue operations. The FDA has set a deadline to cease compounded semaglutide distribution, but ongoing legal battles are expected as affected companies seek to challenge the decision.
Source: YAHOO
Reported about 12 hours ago
Tesla's stock jumped 9.8% on Friday, bringing its weekly gain to 17.9%, following the Department of Transportation's announcement of new regulations for self-driving cars aimed at reducing regulatory hurdles. The news supports CEO Elon Musk's vision of launching fully autonomous rides in Austin by June. Despite previous declines, the stock's recent surge reflects boosted optimism about Tesla's future in both autonomous vehicles and potential expansion into the Indian market.
Source: YAHOO
Reported about 12 hours ago
Tesla's stock surged after refunding early Model 3 bookings in India, suggesting a possible market entry. Meanwhile, Saia's shares fell due to missing earnings targets, citing adverse weather and economic challenges. Conversely, SoFi Technologies' stock rose after Citizens JMP initiated coverage with a positive outlook.
Source: YAHOO
Reported about 13 hours ago
The new chairman of the U.S. Securities and Exchange Commission, Paul Atkins, acknowledged that previous regulatory uncertainty has stifled innovation in the cryptocurrency sector and expressed the need for clear regulations. Speaking at a crypto roundtable, he highlighted the importance of establishing rules for market participants, signaling a potential shift towards a more accommodating approach compared to his predecessor.
Source: YAHOO
Reported about 13 hours ago
Democratic Senator Elizabeth Warren has urged the U.S. Securities and Exchange Commission (SEC) to disclose its regulatory plans for exchange-traded funds launched by Trump Media & Technology Group, founded by President Trump. Warren expressed concerns about an 'extraordinary conflict of interest,' suggesting the president's financial interests might influence SEC decisions. She requested that all communications regarding Trump's association with a cryptocurrency firm for the ETF be preserved, highlighting potential ethical issues as the Trump family's crypto ventures continue to expand, raising questions about their impact on official decisions.
Source: YAHOO
Reported about 13 hours ago
During recent meetings in Washington, Irish Finance Minister Paschal Donohoe emphasized the European Union's commitment to engage with the United States to mitigate trade-related uncertainty that threatens global economic growth. He stated that the EU will strive for an agreement with the U.S. amid rising tariffs and trade tensions, and affirmed the importance of maintaining unity among EU member states in addressing these economic challenges.
Source: YAHOO
Reported about 13 hours ago
Mexico's government is advancing a bill that would enhance its authority over media, allowing it to block controversial anti-immigration ads by U.S. Homeland Security Secretary Kristi Noem. The legislation, sent to the senate by President Claudia Sheinbaum, follows the elimination of an independent regulatory body and seeks to give the government greater control over broadcasting and telecommunications. Critics argue it could lead to increased censorship and concentration of power within the ruling party.
Source: YAHOO
Reported about 13 hours ago
Microsoft has introduced its Recall feature for high-end Windows PCs, focusing on user activity tracking as a potential advantage despite privacy concerns. The tool, designed to take snapshots of the screen periodically, will be available on AI-branded PCs and includes improved security measures such as biometric sign-in. Following initial criticism from security experts regarding data protection, the rollout has been limited to select users for further testing. Additional features enhancing search functionality and AI assistance are also being released.
Source: YAHOO
Reported about 13 hours ago
Conservative Leader Pierre Poilievre proposes a tax deferral for Canadian investors, mirroring a successful US rule that stimulated housing markets. If elected, his government would allow deferral of capital gains taxes on sales, provided proceeds are reinvested domestically, impacting gains from mid-2025 to late 2026. This policy aims to enhance investment attractiveness in Canada amid economic challenges. While it could stimulate the market, concerns arise about its potential impact on housing prices and wealth inequality.
Source: YAHOO
Reported about 13 hours ago
Former US Representative George Santos was sentenced to seven years and three months in prison for stealing campaign funds. Santos, who misrepresented his background, pleaded guilty to charges including wire fraud and identity theft. The judge criticized his lack of remorse, citing the severe impact of his actions on vulnerable victims. Santos was ordered to pay over $373,000 in restitution, with his political career unraveled by revelations of deceit.
Source: YAHOO
Reported about 13 hours ago
Bitcoin surges past $95,000 amid macroeconomic uncertainties, marking an 11% increase over the week. AbbVie reports strong first-quarter earnings, raising its profit forecast for 2025, while Phillips 66 faces pressure after reporting a larger-than-expected loss for the quarter.
Source: YAHOO
Reported about 14 hours ago
Kendall Little from Yahoo Finance shares essential advice for those preparing to apply for their first credit card. Important points include understanding the types of cards available for beginners, such as student and secured credit cards, and ensuring to provide necessary information like personal details and income during the application process. Additionally, building credit requires time, focusing on timely payments, and maintaining a low credit utilization rate to lay a strong foundation for future credit.
Source: YAHOO
Reported about 15 hours ago
John Chambers, founder and CEO of JC2 Ventures and former Cisco executive, anticipates that Apple will manufacture a majority of its iPhones destined for the US market in India by the end of 2026, according to a recent report. Chambers suggests that more production could also shift to the US, amidst discussions on artificial intelligence and the ongoing trade conflict with China.
Source: YAHOO
Reported about 15 hours ago
Americans remain worried about rising inflation, with the University of Michigan's consumer sentiment survey indicating that one-year inflation expectations soared to 6.5%, the highest since 1981. This surge in expectations came even after President Trump's 90-day pause on tariffs, with consumers expressing ongoing uncertainty about the economy and anticipating weaker income growth. Overall consumer sentiment experienced a slight rebound but remains significantly lower compared to earlier in the year, as recent weak economic data raises concerns about potential recession conditions.
Source: YAHOO
Reported about 17 hours ago
On April 25, US stock futures saw a slight decline as tariff discussions and corporate earnings took center stage. President Trump announced ongoing talks with China, despite China's denial of negotiations, while executives from Intel and Alphabet highlighted potential impacts of tariffs on their businesses. This comes after three days of gains in the stock market, with investors grappling with trade uncertainties.
Source: YAHOO
Reported about 17 hours ago
RB Global, Inc. (NYSE:RBA) has been highlighted as a promising investment in the Carillon Eagle Mid Cap Growth Fund's Q1 2025 investor letter, showcasing a 34.64% increase in share value over the past year despite recent market challenges. The company, which specializes in providing insights and transaction solutions for commercial assets and vehicles, has effectively integrated a significant acquisition and improved its operational performance, positioning it well against competitors.
Source: YAHOO