Reported about 3 hours ago
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
Intel is reorganizing its operations by spinning off its networking and communications unit into a standalone company as part of CEO Lip-Bu Tan's efforts to streamline the business and focus on core assets. This move follows a history of challenges within the company, including significant financial losses and a shift towards the AI market, prompting the need for restructuring. The networking unit, responsible for telecom chip production, contributed $5.8 billion to Intel's revenue in 2024.
Source: YAHOO
Reported about 5 hours ago
Brazilian chemical exporters, who sent $2.4 billion worth of goods to the U.S. last year, are facing significant order cancellations following President Trump's threat to impose a new 50% tariff on their exports starting August 1. The uncertainty surrounding these tariffs has led to a halt in contracts for resins and fertilizers critical to U.S. agriculture, negatively impacting both export businesses and local companies that rely on chemicals in their production processes.
Source: YAHOO
Reported about 5 hours ago
Source: YAHOO
Reported about 5 hours ago
Source: YAHOO
Reported about 5 hours ago
Source: YAHOO
Reported about 6 hours ago
Mexico's antitrust authority, COFECE, has accused 21 banks, including subsidiaries of HSBC and Santander, of colluding to fix fees on deferred credit card payments. A recent 649-page document reveals evidence of anti-competitive behavior, with the banks reportedly meeting to establish surcharges for merchants. COFECE's investigation began in 2022, and banks have been notified of the findings, commencing a trial-like phase for defensive arguments. While the exact penalties remain uncertain, fines could reach up to 10% of the banks' annual earnings in Mexico.
Source: YAHOO
Reported about 6 hours ago
The National Highway Traffic Safety Administration has concluded a 14-month investigation into Waymo's self-driving cars, which looked into minor collisions and unexpected behaviors without taking further action. The probe was initiated after reports of driving issues and collisions involving Waymo vehicles but closed following recalls aimed at improving safety. Waymo operates over 1,500 self-driving cars and emphasizes its commitment to safety.
Source: YAHOO
Reported about 6 hours ago
Source: YAHOO
Reported about 7 hours ago
Recent analyses reveal that while new college graduates face a high unemployment rate, it is not primarily due to AI taking their jobs. The unemployment trend for this demographic predates widespread AI adoption and is attributed to other factors, such as economic uncertainty and a saturated job market. Enrollment in STEM fields has increased, yet job opportunities have not kept pace, complicating the narrative around AI's role in employment challenges faced by recent grads.
Source: YAHOO
Reported about 7 hours ago
In a recent discussion, Coinbase's chief security officer, Philip Martin, emphasized the growing threat of AI-powered scams and advised consumers to be skeptical and not trust anything. Martin highlighted the vulnerability of veterans, noting a significant number have reported encounters with scams, with billions lost since 2020. He recommended discussing financial decisions with trusted individuals and being cautious of high-pressure situations that discourage sharing. Awareness and open communication are key in protecting oneself from fraud.
Source: YAHOO
Reported about 7 hours ago
Goldman Sachs analysts caution that a recent spike in speculative trading activity, indicated by their Speculative Trading Indicator reaching an all-time high (excluding past bubbles), raises the likelihood of a stock market pullback. Despite potential short-term gains, historical trends suggest that such speculative trading often leads to downturns over a two-year span. Investors are advised to be cautious as popular speculative stocks and a rise in call option volumes signal volatility in the market.
Source: YAHOO
Reported about 7 hours ago
Japan's new $550 billion investment deal with the US, touted by President Trump, is causing significant questions and concerns among experts. Wendy Cutler of the Asia Society Policy Institute highlighted that the arrangement is unusual compared to previous trade agreements, raising potential for future tensions due to unresolved details regarding fund management and distribution.
Source: YAHOO
Reported about 7 hours ago
Southwest Airlines' recent Q2 earnings report fell short of expectations, leading to a decline in stock prices and concern over a challenging outlook for Q3. Analysts predict a significant increase in revenue per available seat mile (RASM) needed in Q4 to meet full-year profit targets, contrasting with historical trends. Despite these difficulties, some analysts have adjusted earnings forecasts upwards, but maintain a sell rating due to anticipated risks and potential declines in stock value.
Source: YAHOO
Reported about 7 hours ago
In a recent statement, U.S. President Donald Trump expressed a preference for a weaker dollar, arguing that it boosts U.S. exports and job creation, despite acknowledging that a strong dollar sounds appealing. He criticized the strength of the dollar for hindering tourism and manufacturing competitiveness, while also noting that a weaker dollar can benefit manufacturers, such as Caterpillar. Trump recognized the psychological benefits of a strong dollar but maintained that a weaker dollar leads to greater financial gains.
Source: YAHOO
Reported about 7 hours ago
A recent survey by the National Cryptocurrency Association reveals that one in five Americans without cryptocurrency plans to invest this year, driven by Bitcoin's recent price surge to over $120,000. However, many remain apprehensive, with 55% finding crypto research overwhelming and 70% seeking more reliable information before investing. Notably, half of those interested fear they've missed the opportunity to enter the market, particularly after Bitcoin's nearly 30% rise in 2025 amidst favorable political developments.
Source: YAHOO
Reported about 7 hours ago
Source: YAHOO
Reported about 7 hours ago
Coursera (NYSE:COUR) shares jumped significantly after the company reported better-than-expected second-quarter earnings, with a rise in revenue attributed to both consumer and enterprise segments. The online learning platform posted earnings of 12 cents per share against a forecast of 9 cents, with revenue hitting $187.1 million, surpassing estimates. Analyst Nafeesa Gupta upgraded the stock's rating and price target, noting a year-over-year revenue growth acceleration and improved profitability while highlighting anticipated challenges in the latter half of the year.
Source: YAHOO
Reported about 7 hours ago
Source: YAHOO
Reported about 7 hours ago
Wealthy individuals utilize exclusive investment opportunities and advanced financial structures that are generally inaccessible to the middle class, enabling them to grow and transfer wealth more efficiently. They have access to private equity, hedge funds, and philanthropic tools that provide tax advantages and allow for long-term investments, while middle-class investors primarily rely on traditional options like ETFs and retirement accounts. Despite these gaps, middle-class investors can still cultivate wealth through consistent planning and accessible investment vehicles.
Source: YAHOO
Reported about 7 hours ago
General Motors (GM) experienced a substantial 35% decrease in net income, primarily driven by approximately $1.1 billion in tariffs during the second quarter, with expectations of further adverse impacts in the third quarter. Despite these challenges, GM has made strides in its restructuring efforts in China, reporting improved equity income and gaining market share. The company plans to mitigate tariff impacts through various cost initiatives while maintaining a strong focus on electric vehicle investments.
Source: YAHOO
Reported about 8 hours ago
Source: INVESTORS
Reported about 8 hours ago
Google has suspended the account of Catwatchful, a phone spyware operation found operating on its servers, a month after being alerted about it. The spyware, masquerading as a child-monitoring app, collected data from compromised devices without consent. A security vulnerability exposed sensitive information, including customer emails and passwords, leading to calls for greater cybersecurity measures. Catwatchful is the fifth notorious spyware operation this year to suffer a data breach due to poor security practices.
Source: YAHOO