Reported 17 days ago
Investors are rapidly funneling money into U.S.-based exchange-traded funds (ETFs), crossing the $1 trillion mark in inflows for 2025 according to State Street Investment Management. The trend is expected to push inflows to a potential annual record of $1.4 trillion, as more investors shift from traditional mutual funds to ETFs for their lower costs and liquidity. Despite potential market corrections, experts believe the momentum will continue, with significant growth seen across various ETF categories.
Source: YAHOO
Reported 17 days ago
The average price of a new vehicle in the U.S. has crossed the $50,000 mark for the first time, influenced by tariffs and the rising popularity of electric vehicles (EVs). Kelley Blue Book reports that the incremental price increases are driven by supply chain issues and higher production costs associated with EVs, which typically command a higher price. As wealthier households continue to purchase these vehicles, the trend of rising car prices is expected to persist.
Source: YAHOO
Reported 17 days ago
On October 14, 2025, the S&P 500 experienced mixed results, with tech stocks like Nvidia and Intel declining due to concerns over U.S.-China trade tensions, while Wells Fargo shares surged after reporting higher-than-expected profits. Nvidia's stock fell over 4%, and Intel faced a downgrade from analysts, exacerbating losses in the tech sector, which contributed to a 0.2% drop in the S&P 500. Conversely, Wells Fargo's stock rose over 7%, driven by improved profit forecasts and regulatory changes that could enhance growth opportunities.
Source: YAHOO
Reported 17 days ago
Source: INVESTORS
Reported 17 days ago
Susan Collins, President of the Federal Reserve Bank of Boston, stated that the Federal Reserve should continue to lower interest rates to support the labor market while balancing inflation control. She noted that with inflation risks contained and increased downside risks to employment, it is wise to further normalize policy this year. Although she anticipates a modest rise in unemployment, she expects hiring to improve as economic uncertainties lessen. Collins believes some additional easing of rates could be appropriate, but that policy adjustments should be carefully considered moving forward.
Source: YAHOO
Reported 17 days ago
Salesforce CEO Marc Benioff believes that agentic AI represents the next significant shift in technology, following developments in cloud, mobile, and predictive AI. During the Dreamforce event, he highlighted how autonomous AI systems will transform various business functions. Despite Salesforce's stock facing challenges this year, Benioff pointed to early adopters like PepsiCo and Williams-Sonoma as evidence of agentic AI's potential. He emphasized its role in democratizing opportunity and automating decision-making processes across industries.
Source: YAHOO
Reported 17 days ago
Amid increasing trade tensions, President Trump has accused China of engaging in economically hostile actions by not purchasing US soybeans, threatening to terminate all cooking oil business with China. Dryden Pence, a strategist from Pence Capital Management, emphasizes the underlying economic dynamics, suggesting that while both nations are involved in a tense battle, the US holds a stronger position in the trade relationship and should focus on fundamentals and earnings amidst market noise.
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
US President Donald Trump has expressed frustration with Spain for not increasing its defense spending to the NATO target of 5% of GDP, threatening potential tariffs as a 'trade punishment'. During a recent meeting, he criticized Spanish Prime Minister Pedro Sánchez's decision and suggested that Spain benefits from NATO's security umbrella without contributing its fair share, which Sánchez argues would necessitate cuts to critical public services.
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
Walmart's stock soared nearly 5% to a record closing high of $107.21 after announcing a partnership with OpenAI, enabling customers to shop directly through the ChatGPT platform using Instant Checkout. Walmart plans to enhance e-commerce with AI-driven experiences, as CEO Doug McMillon emphasized a shift toward more personalized shopping. OpenAI’s partnerships continue to grow, with notable collaborations across the tech and retail industries, reflecting Walmart's strategic move in adopting new technologies amidst a competitive market.
Source: YAHOO
Reported 17 days ago
Wall Street is increasingly cautioning that the current surge in artificial intelligence investments may indicate a market bubble. Following months of rising AI stock prices and corporate spending, analysts express concerns over inflated asset valuations. JPMorgan's CEO Jamie Dimon pointed out the heightened risk as investor optimism peaks, with significant cash reductions in portfolios signaling potential danger. While some companies like Google and Walmart are aggressively investing in AI infrastructure, experts debate whether this is a sustainable trend or a sign of overheating as future earnings reports loom.
Source: YAHOO
Reported 17 days ago
President Trump has outlined significant demands for China, focusing on rare earths, fentanyl, and soybeans, just days before scheduled trade talks. Amid ongoing tensions, he has threatened to impose a 100% tariff on Chinese goods in response to China’s new export controls on rare earths. The fragile relationship between the two countries continues to worsen as China accuses the US of creating panic over its export policies, with recent sanctions from both sides escalating the trade conflict.
Source: YAHOO
Reported 17 days ago
Intel has introduced a new GPU data center AI chip, codenamed Crescent Island, as part of its broader strategy to revive the company and expand into the AI market. While it may not compete directly with offerings from Nvidia or AMD, this chip is crucial for Intel's efforts to innovate beyond its traditional client PC business and shows signs of a potential turnaround.
Source: YAHOO
Reported 17 days ago
OpenAI has partnered with Walmart to enable users to buy products directly within ChatGPT, marking a significant step in the integration of e-commerce into AI chatbots. Customers will soon be able to engage in instant shopping, allowing them to purchase everything from groceries to household items through a simple chat interface. This collaboration aims to simplify everyday purchasing and positions OpenAI in competition with major players like Amazon and Google in the digital shopping space.
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
Beyond Meat's shares plunged below $1 as investors expressed worries over the company's plan to issue more shares to reduce its $800 million debt, diluting current shareholder value. The plant-based meat producer reported a 15% decline in net revenue in the first half of this year, struggling with weak demand in the U.S., despite some success in Europe. The company's stock is now down 73% since the beginning of the year, raising concerns about potential delisting from Nasdaq.
Source: YAHOO
Reported 17 days ago
Alvys, a logistics software company, has raised $40 million in a Series B funding round led by RTP Global to enhance its services in the freight and insurance brokerage sectors. The funding will support the development of an integrated transportation management system that automates and unifies various operations, reducing manual processes and improving decision-making. Customers are already reporting significant efficiencies, including reduced workload and faster invoicing, as Alvys aims to leverage AI and automation to streamline operations for carriers and brokers.
Source: YAHOO
Reported 17 days ago
An analysis warns that the escalating trade conflict between the U.S. and China could severely impact the U.S. economy, likening the potential fallout to the disruptions caused by COVID-19. If China enforces restrictions on rare earth minerals, crucial for high-tech industries, it could lead to significant economic contraction and rising inflation. Both nations are currently leveraging threats in hopes of negotiating a better position, but a miscalculation could ignite a full-blown trade war, further endangering economic stability.
Source: YAHOO
Reported 17 days ago
As Medicare open enrollment approaches from October 15 to December 7, over 65 million Americans must decide on their health coverage with increasing out-of-pocket costs. Expert Marcia Mantell outlines a five-step process, which includes assessing drug coverage, checking provider networks, understanding out-of-pocket limits, evaluating copay structures, and considering supplemental benefits. Beneficiaries are encouraged to compare plans carefully to avoid costly mistakes and ensure their healthcare needs are met.
Source: YAHOO
Reported 17 days ago
JPMorgan Chase CEO Jamie Dimon acknowledged the bank's significant $170 million loss linked to the bankruptcy of subprime auto lender Tricolor Holdings, stating it's 'not our finest moment.' He emphasized the importance of scrutiny in light of such events and warned investors about potential underlying issues. While the loss had minimal effect on JPMorgan's profitability, it raises concerns about the overall credit health of commercial customers, as seen through increased charge-offs and the pending fallout from other bankruptcies in the sector.
Source: YAHOO
Reported 17 days ago
In a bid to escalate pressure on Democrats amid a prolonged government shutdown, President Trump announced plans to release a list of federal programs targeted for cuts later this week. As the shutdown enters its 14th day, the administration has already laid off over 4,000 federal workers and suspended funding for various programs in Democratic-led states. Despite significant economic impacts on federal employees, polls indicate that Democrats may be faring better in the blame game over the impasse, while both parties remain far from reaching a resolution.
Source: YAHOO
Reported 17 days ago
The current US government shutdown, driven by a contentious standoff between Democrats and Republicans over budget approvals and Affordable Care Act subsidies, could end in several ways. Senate Minority Leader Chuck Schumer might relent, a few Democratic senators could cross the aisle, or an agreement could be struck between Schumer and President Trump. Alternatively, House Republicans might agree to extend ACA subsidies, or Senate Republicans could invoke the 'nuclear option' to bypass the filibuster. The outcome remains uncertain as both parties grapple with shifting public opinion and the growing economic impacts of the shutdown.
Source: YAHOO
Reported 17 days ago
Source: YAHOO