Reported 31 minutes ago
Source: YAHOO
Reported about 2 hours ago
Following a 25-basis-point interest rate cut by the Federal Reserve, Chair Jerome Powell highlighted that labor market risks significantly influenced this decision, describing it as a form of risk management. Powell noted that revisions in job growth predictions reveal a cooling labor market, prompting the central bank to consider additional rate cuts in the remaining months of 2025. The Fed remains focused on data-driven decisions while assuring its independence from political influences.
Source: YAHOO
Reported about 3 hours ago
The Federal Reserve recently cut its benchmark interest rate by 25 basis points, anticipating further cuts throughout 2025. However, the outlook for 2026 is less clear due to potential shifts in the labor market and upcoming consumer tax refunds that may spur growth. Economists discuss this uncertainty, indicating that while the direction of rate cuts is known, the pace and end results remain to be seen.
Source: YAHOO
Reported about 5 hours ago
Lawrence Yun, chief economist of the National Association of Realtors, forecasts that mortgage rates could hit 6% by the end of the year. As the Federal Reserve considers interest rate cuts, there is potential for increased home buyer activity due to rising purchasing power from lower rates. However, the housing market faces challenges, including low housing starts and potential shortages, and home prices remain a significant obstacle for many buyers.
Source: YAHOO
Reported about 5 hours ago
Kering has appointed Francesca Bellettini as the new CEO of Gucci, succeeding Stefano Cantino, who was in charge for only nine months. This change marks a significant shift in Kering's leadership under CEO Luca de Meo. Bellettini, who has been with Kering since 2023 as a deputy CEO overseeing various brands, will now tackle Gucci's declining sales as she leads the brand into a new phase.
Source: YAHOO
Reported about 5 hours ago
Brazil's antitrust agency, CADE, has approved Bimbo's acquisition of Wickbold, a local bakery chain, but with conditions that require Bimbo to sell certain brands, including Ta Pronto, Wickbold, and Nutrella, under the supervision of an independent trustee.
Source: YAHOO
Reported about 5 hours ago
American Superconductor (AMSC) has seen its stock price increase by over 120% in 2025, driven by growing demand for reliable power in AI infrastructure and grid systems. CEO Daniel McGahn highlights the company's transition from superconductors to power control equipment, aimed at enhancing the reliability of the electrical grid to support modern energy needs. The company reports a record quarter due to accelerating demand within the industrial sector, positioning itself as integral to adapting the grid for future technological requirements.
Source: YAHOO
Reported about 5 hours ago
Jaguar Land Rover announced that it will pause vehicle manufacturing for a third week following a cyberattack, with operations not expected to resume until at least September 24. The ongoing shutdown, estimated to cost the company up to £72 million weekly, has raised concerns among suppliers about potential bankruptcy given the extended halt.
Source: YAHOO
Reported about 5 hours ago
The Federal Reserve is expected to announce an interest rate cut, with a 94% likelihood of a 25 basis point reduction, which could significantly impact the stock market. Traders anticipate a 0.6% move in the S&P 500 following the decision, and a potential jump of 1% if a larger 50 basis point cut occurs. Wall Street is buoyed by the prospect of lower borrowing costs and strong corporate earnings as it prepares for the Fed's economic projections and potential dissent among committee members.
Source: YAHOO
Reported about 5 hours ago
Airbuds is a burgeoning music social network gaining traction with Gen Z and younger users. The San Francisco-based app allows users to share their streaming activity through a widget that integrates with major platforms like Spotify and Apple Music. Recently, it secured $5 million in funding and has reached over 15 million downloads. With unique features focusing on self-expression and social interaction, Airbuds aims to fill a gap left by established giants like Apple and Spotify in creating a true social experience around music.
Source: YAHOO
Reported about 5 hours ago
The U.S. Securities and Exchange Commission (SEC) has decided to permit companies going public to mandate that investors resolve fraud-related disputes through arbitration instead of court, marking a significant shift in policy that could harm shareholder rights. This change, voted 3-1 by the SEC, reverses a previous stance against banning class-action lawsuits, raising concerns among consumer advocates and lawmakers about its implications for corporate accountability and investor protections.
Source: YAHOO
Reported about 5 hours ago
Alphabet has become the fourth company to reach a market cap of $3 trillion, fueled by a recent favorable legal ruling and optimism regarding its AI prospects. Following a surge in its shares, which rose about 17% since September's start, investors should monitor bullish price targets of $261 and $286.53, along with key support levels at $215 and $201, as indicated by recent technical analysis.
Source: YAHOO
Reported about 6 hours ago
The Federal Reserve is poised to cut interest rates for the first time in nine months, aiming to balance high inflation with a weakened labor market. This decision will gradually affect mortgages, offering relief to borrowers, while savers may see a decline in attractive yields on savings accounts. Auto loan rates are likely to remain high for a while, and credit card debt relief from the Fed's rate cut could take time to manifest. Overall, while there may be some positive effects, consumers should prioritize managing high-interest debt.
Source: YAHOO
Reported about 6 hours ago
Oil prices have eased after a three-day increase as traders reacted to new US stockpile data and anticipated a Federal Reserve interest rate decision. West Texas Intermediate is around $64 per barrel following a 3.4% rise in previous sessions. A drop in crude inventories was offset by a significant increase in distillate stocks, contributing to a bearish sentiment. Market analysts are now focused on the Fed's upcoming move regarding interest rates, which is expected to impact future trading.
Source: YAHOO
Reported about 6 hours ago
Google has announced improvements to its Discover page in the Search app, allowing users to follow specific publishers and creators for personalized content. This update follows a recent enhancement enabling users to select their preferred news sources. Users can expect to see a wider variety of content types, including articles, YouTube Shorts, and social media posts. While the criteria for selecting creator content remain unclear, this move aims to give users more control over their feeds as publishers face declining traffic.
Source: YAHOO
Reported about 6 hours ago
At TechCrunch Disrupt 2025, Mach Industries' founder Ethan Thornton discusses the integration of AI in defense, highlighting the startup's mission to create decentralized technologies that enhance global security. With a focus on the critical role of AI startups in national defense, Thornton explores the implications of autonomous systems and dual-use technologies, emphasizing the need for a rethink of foundational strategies in a rapidly evolving geopolitical landscape.
Source: YAHOO
Reported about 6 hours ago
In a fluctuating midday market, Workday shares surged following a $2 billion investment from Elliott Investment Management, while Lyft's stock climbed sharply after Waymo announced a new robotaxi service in Nashville. On the contrary, Uber's shares fell, and Nvidia experienced a decline due to a report about China's block on its AI chip sales. Additionally, Alibaba's stock rose as China Unicom planned to buy its AI semiconductors.
Source: YAHOO
Reported about 6 hours ago
Elon Musk has requested employees at his xAI company to submit a one-page summary of their accomplishments over the past month, as well as their goals for the upcoming month. This request follows a history of Musk asking employees across various companies for similar reports, with a focus on aligning contributions to potential rewards. Though the purpose of this latest request isn't clear, it comes amid recent layoffs at xAI and Musk's ongoing adjustments to the company's controversial AI chatbot, Grok.
Source: YAHOO
Reported about 6 hours ago
As the Federal Reserve prepares to cut interest rates, experts suggest that U.S. equities and various ETFs can be advantageous investments. Marissa Ansell from Goldman Sachs Asset Management highlights strategies such as shifting from cash to ultra-short bond ETFs, focusing on income-generating equity ETFs, and exploring small-cap stocks, which may benefit most from the rate cuts. With a potential 25 basis point reduction expected, these strategies can help investors optimize their portfolios in the changing financial landscape.
Source: YAHOO
Reported about 7 hours ago
The U.S. Securities and Exchange Commission (SEC) is set to vote on a potential policy shift that would permit companies going public to require shareholders to resolve disputes through private arbitration instead of court litigation. This change, which critics argue could diminish investor rights, follows ongoing complaints from corporate groups about shareholder class action lawsuits. Consumer advocates warn that such a move could hinder accountability and limit the legal recourse for small investors.
Source: YAHOO
Reported about 7 hours ago
Investors are increasingly optimistic about Asia's emerging market equities as expectations of further monetary easing from central banks outweigh domestic political risks. With a dovish Federal Reserve providing space for Asian central banks to implement rate cuts, countries like Indonesia, Thailand, and the Philippines have already made reductions in response to slowing growth. Despite political challenges, equities in the region are seeing strong performance, particularly in Southeast Asia, with experts highlighting India's growth potential and South Korea's initiatives to enhance shareholder value.
Source: YAHOO
Reported about 9 hours ago
The Fed's dot plot is a crucial quarterly chart that displays the interest rate projections of 19 Federal Reserve officials, providing valuable insights for investors and policymakers. Each dot represents an anonymous forecast for future rates, with the latest projections indicating a potential for two rate cuts by the end of 2025, despite some officials suggesting rates may remain unchanged. Released four times a year, the dot plot helps contextualize economic forecasts on growth, inflation, and unemployment, even as it faces criticism for potentially misleading interpretations.
Source: YAHOO
Reported about 9 hours ago
Nvidia CEO Jensen Huang has expressed disappointment regarding the strict restrictions imposed on the company's ability to sell chips to China due to ongoing U.S.-China trade tensions. During a media briefing ahead of a meeting with President Trump, Huang highlighted the significance of China in the AI market and emphasized Nvidia's commitment to navigate the geopolitical landscape while expressing understanding towards the larger agendas at play between the two nations.
Source: YAHOO
Reported about 9 hours ago
Ukraine and the U.S. International Development Finance Corporation have announced a joint investment fund, with each committing $75 million as part of a minerals deal. This initiative aims to support Ukraine's reconstruction and enhance U.S. supply chains for natural resources.
Source: YAHOO
Reported about 9 hours ago
As markets prepare for a crucial Federal Reserve decision, analysts predict a strong likelihood of a 25 basis point rate cut amid a challenging economic landscape marked by weak job figures and enduring inflation. Senator Elizabeth Warren expresses concerns about stagflation and emphasizes the detrimental effects of economic instability created during Donald Trump's presidency, advocating for rate cuts but acknowledging the current economic struggles.
Source: YAHOO