Reported about 3 hours ago
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 5 hours ago
As summer continues, it's not too late to plan a last-minute getaway. Personal finance expert Casey Bond shares strategies for saving and paying for your vacation, including creating a budget, utilizing rewards points, and considering buy now, pay later options to manage expenses effectively.
Source: YAHOO
Reported about 6 hours ago
Brian Jacobsen, chief economist at Annex Wealth Management, discusses Federal Reserve Governor Christopher Waller's recent call for an interest rate cut in July, emphasizing signs of weakness in the labor market. Jacobsen believes the Fed should have acted earlier in April and May and notes that further adjustments may be necessary. He anticipates a potential economic reacceleration due to new incentives and maintains a growth-oriented investment strategy.
Source: YAHOO
Reported about 7 hours ago
Crypto stocks, including Robinhood and Coinbase, are seeing gains following Congressional approval of the GENIUS Act, which supports crypto regulation. Chinese tech stocks like Alibaba and JD.com have also risen, due to positive developments in trade discussions. Additionally, CRISPR Therapeutics shares jumped after company officials revealed a significant stock purchase, reflecting strong investor confidence.
Source: YAHOO
Reported about 8 hours ago
Concerns are growing over the high valuations of major S&P 500 stocks, suggesting that we may be witnessing the early stages of an AI-driven stock bubble. Experts believe the current PE ratios signal a potential bubble, reminiscent of the tech boom of the late 1990s. While some caution about inflated investment levels, others argue that excitement around artificial intelligence could lead to significant long-term growth, impacting various sectors of the economy.
Source: YAHOO
Reported about 9 hours ago
Netflix's stock is facing downward pressure despite a strong earnings report for Q2, with analysts noting elevated expectations and high valuation metrics as potential factors influencing the sell-off. While Netflix achieved impressive revenue growth and operating margins, concerns over exceeding high investor expectations and the stock's price-inflated valuation are causing hesitation in the market, especially as big tech earnings loom on the horizon.
Source: YAHOO
Reported about 10 hours ago
Talen Energy's stock jumped after it announced a $3.5 billion acquisition of two gas power plants, projected to increase its free cash flow by over 40% by 2026. Meanwhile, 3M's shares rose following strong second quarter earnings and an improved profit outlook under CEO William Brown's leadership. SLB also reported a slight profit beat, despite a drop in revenue, indicating resilience in its international sectors.
Source: YAHOO
Reported about 10 hours ago
The latest earnings reports show strong performances from 3M, American Express, and Charles Schwab in Q2, all exceeding estimates and showcasing resilience in consumer spending. 3M raised its profit outlook, benefiting from steady demand, while American Express noted consistent spending trends despite market uncertainties. Charles Schwab's profits surged by 60%, fueled by increased trading activity amid market volatility. Other companies like PepsiCo and Taiwan Semiconductor also reported better-than-expected results, adding optimism as investors monitor the overall health of the U.S. economy.
Source: YAHOO
Reported about 10 hours ago
American Express has exceeded profit estimates for the second quarter, attributing its success to resilient spending from cardholders and a long-standing focus on affluent customers. Despite growing competition, particularly from Citigroup's upcoming premium card, AmEx executives are confident in their unique offerings and exclusive perks that foster customer loyalty. The company's total revenue rose by 9% to $17.9 billion, reflecting continued strong financial health among higher-income consumers, even amid economic uncertainties.
Source: YAHOO
Reported about 10 hours ago
Oracle (ORCL), once trailing in the AI sector, has surged over 45% this year due to significant cloud deals and increased AI demand, surpassing competitors like Nvidia and Meta. With analysts divided, questions arise about whether Oracle can transform its growing revenue into sustainable earnings. Despite revenue growth projections of 15%-20% annually and significant contracts, concerns linger about the high costs of its cloud business versus its declining traditional software segment. The true test for Oracle will be its ability to generate profitability from this growth.
Source: YAHOO
Reported about 10 hours ago
Netflix surpassed its second quarter earnings expectations and raised its annual revenue forecast, yet its stock dropped over 4% as investors had set high expectations. Despite the company's positive revenue growth and earnings per share figures, analysts pointed out that the stock's premium valuation left little room for error. Netflix reported an overall revenue increase driven by global user engagement and ad sales, while preparing for an impressive content slate in the coming months.
Source: YAHOO
Reported about 10 hours ago
Chevron Corp. has successfully concluded its arbitration with Exxon Mobil Corp. and finalized the $53 billion acquisition of Hess Corp., marking a significant turn of events in the oil sector. This deal strengthens Chevron's asset quality by integrating Hess's holdings in Guyana, amidst a backdrop of strategic challenges and legal disputes that had previously undermined investor confidence in Chevron's stock performance.
Source: YAHOO
Reported about 10 hours ago
U.S. stocks fluctuated on Friday, with the Dow Jones dropping 0.5%, while the S&P 500 and Nasdaq trimmed gains but remained near record highs after positive economic indicators and a consumer sentiment survey showed falling inflation expectations. Netflix saw its stock drop over 4% despite a strong earnings report, as high investor expectations proved difficult to meet, while American Express reported resilience in consumer spending. Overall, major indexes are poised for weekly gains amid ongoing discussions regarding Fed Chair Jerome Powell's future.
Source: YAHOO
Reported about 11 hours ago
Netflix has begun utilizing Generative AI (GenAI) in its movies and shows, debuting its first GenAI footage in the Argentine series 'El Eternauta.' Co-CEO Ted Sarandos highlighted that AI allowed for faster and cheaper production of visual effects, enhancing workflow efficiency. The company is also exploring AI applications in personalization, search, and advertisements, reflecting a broader trend in the industry to leverage AI technology.
Source: YAHOO
Reported about 11 hours ago
Investment in the space economy has reached unprecedented levels, signaling its acceptance in the mainstream despite market volatility. In the second quarter of 2025, $7.8 billion was raised by 113 companies, significantly driven by defense-related funding from government initiatives like the US Golden Dome project. The trend highlights a shift towards applications deriving significant advantages from space data, with increasing investor interest in companies that prioritize stable public contracts. As the market evolves, particularly with applications in defense technology gaining momentum, the focus is shifting from infrastructure to software and services that translate space capabilities into earthly benefits.
Source: YAHOO
Reported about 12 hours ago
Chevron has received approval for its $53 billion acquisition of Hess after an arbitration panel dismissed ExxonMobil's claims against the deal. In related news, BP is selling its US onshore wind business to LLS Power, indicating a shift back to oil and gas. Meanwhile, shares of Coinbase and Robinhood are rising on the news of President Trump's upcoming signing of the GENIUS Act, which will regulate stablecoins and is contributing to a surge in crypto trading.
Source: YAHOO
Reported about 12 hours ago
In his second term, President Donald Trump is accused of exploiting the powers of his office for personal profit, as his family businesses have garnered hundreds of millions from diverse ventures including cryptocurrency, development projects abroad, and merchandise sales. This marks a stark deviation from traditional ethical standards expected of a sitting president, with critics labeling this era as unprecedented corruption, while congressional oversight remains lax and unlikely to impose repercussions.
Source: YAHOO
Reported about 12 hours ago
American Express posted second-quarter earnings of $4.08 per share, surpassing estimates, and reaffirmed its full-year EPS guidance due to steady consumer spending. Meanwhile, 3M raised its full-year EPS outlook to $7.75 to $8, reporting quarterly adjusted earnings of $2.16 per share, well above expectations, indicating strong performance and increased sales. Both companies reflect the ongoing resilience of the US consumer amidst positive economic indicators.
Source: YAHOO
Reported about 12 hours ago
Jaguar Land Rover (JLR) has postponed the launch of its electric Range Rover and Jaguar models to allow for further testing and to gauge market demand, as reported by The Guardian. Deliveries of the Range Rover Electric will now begin next year, while Jaguar's first electric vehicle is set to start production in August 2026, despite earlier expectations for late 2025. The company acknowledged the delays due to the need for extended testing and aims to have electric versions for all brands by 2030.
Source: YAHOO
Reported about 12 hours ago
China's state security agency announced a crackdown on the smuggling of rare earth minerals, citing national security concerns, shortly after easing U.S. firms’ access to these materials. The report indicates that foreign espionage agencies are involved in illicit activities to disguise the origin of the minerals. This move comes amidst ongoing trade tensions with the U.S., as both countries navigate restrictions and permitting processes affecting rare earth exports crucial for various high-tech industries.
Source: YAHOO
Reported about 12 hours ago
Unitree Robotics, a Chinese startup based in Hangzhou, has officially started the IPO process, with CITIC Securities set to assist in preparing the necessary documentation. This move aims to attract investor interest in the burgeoning field of humanoid robots, supported by China's robust manufacturing infrastructure and favorable government policies. Over the past five years, Unitree has secured numerous contracts, garnering significant revenue growth recently.
Source: YAHOO
Reported about 12 hours ago
German Finance Minister Lars Klingbeil emphasized the necessity of rapidly resolving the ongoing global trade conflict during discussions with G7 counterparts in Durban. He insisted on the importance of reaching a fair agreement on tariffs between the U.S. and Europe, warning that proposed tariffs on EU imports could significantly harm Germany's export-driven economy. Bundesbank President Joachim Nagel echoed these concerns, highlighting the global repercussions of tariff uncertainty and urging the U.S. not to toy with the situation, as it threatens collective prosperity. Klingbeil confirmed the EU's readiness to implement countermeasures if no deal is reached by the deadline, stressing the protection of European jobs and companies.
Source: YAHOO
Reported about 12 hours ago
Wells Fargo has suspended all travel to China following an exit ban on senior executive Chenyue Mao, who manages the bank’s international factoring business. Mao, based in Atlanta but originally from Shanghai, has been with the bank for 12 years and recently became chairwoman of a global factoring organization. Wells Fargo's operations in China, which include two branches in Shanghai and Beijing, are significantly smaller than those of its rivals and do not have the status of a locally incorporated bank.
Source: YAHOO