Reported about 1 month ago
Quantum Computing shares jumped 25% on Wednesday to their highest level since December, driven by Nvidia CEO Jensen Huang's positive outlook on the industry. The stock broke out of a rectangular chart formation, signaling a strong uptrend. Investors should watch for resistance levels around $27 and $37.50, with support near $15 and $9, indicating potential buy opportunities as the stock continues to evolve.
Source: YAHOO
Reported about 1 month ago
Global stocks and the dollar fell as investors reacted to a mild U.S. inflation report and uncertain trade relations with China, compounded by rising tensions in the Middle East. European markets are expected to open lower, while U.S. stocks paused after recent rallies. Concerns about Trump's tariff policies and potential impacts on inflation are adding to market caution. The euro benefited from the dollar's downturn, reaching a seven-week high.
Source: YAHOO
Reported about 1 month ago
The dollar depreciated on heightened expectations of potential Federal Reserve rate cuts and ongoing trade tensions. President Trump's willingness to extend the July 8 deadline for trade talks, coupled with a lack of clarity on U.S.-China negotiations, fueled market uncertainty. As a result, the euro reached a seven-week high against the dollar, while other currencies also gained. Analysts noted that while the Fed may consider cuts, the European Central Bank's recent stance may support the euro's strength.
Source: YAHOO
Reported about 1 month ago
OpenAI is reportedly in discussions with Saudi Arabia's PIF, India's Reliance Industries, and UAE's MGX for a significant fundraising initiative aimed at raising $40 billion to support its model development and infrastructure plans. The company also seeks additional support from existing investors like Coatue and Founders Fund, and anticipates raising an extra $17 billion by 2027.
Source: YAHOO
Reported about 1 month ago
U.S. regulators have postponed the implementation of new data reporting requirements for investment advisers to private funds, just one day before they were set to take effect. The delay, approved by the SEC and CFTC, aims to allow more time for dialogue with filers and to assess the reasonableness of data demands. Private funds have raised concerns about the necessity and cost of the new rules, which are designed to improve oversight of the growing private markets.
Source: YAHOO
Reported about 1 month ago
On June 12, investors should pay attention to the upcoming Producer Price Index (PPI) which is forecasted to rise slightly, along with Adobe's Q2 earnings report expected to reveal low growth due to a slump in subscriptions and a continuing decrease in year-over-year revenue growth. Additionally, weekly jobless claims data is anticipated to show a slight decline, indicating ongoing resilience in the job market.
Source: YAHOO
Reported about 1 month ago
GameStop's shares fell approximately 5% during regular trading and an additional 10% in after-hours trading after the company revealed plans for a $1.75 billion convertible notes offering, primarily aimed at funding its Bitcoin investments. The offering aligns with previous announcements made in March and is part of GameStop's transformation into a Bitcoin treasury, having recently acquired over 4,700 bitcoins.
Source: YAHOO
Reported about 1 month ago
Oracle has reported a strong fiscal fourth quarter with revenues of $15.90 billion, exceeding estimates, and anticipates triple-digit growth for its cloud revenue in fiscal year 2026. Analyst Pat Walravens praises Oracle's cloud business growth and its competitive edge against major players like Amazon and Microsoft, particularly through its partnership with Nvidia and focus on high-performance infrastructure without the distraction of developing its own chips.
Source: YAHOO
Reported about 1 month ago
During his testimony before Congress, Treasury Secretary Scott Bessent reaffirmed his commitment to his current position and expressed no desire to replace Federal Reserve Chair Jerome Powell. He defended the administration's tax and trade policies, specifically addressing the recently negotiated deal with China, while also navigating criticisms surrounding the proposed tax bill.
Source: YAHOO
Reported about 1 month ago
The article discusses the complexities and financial risks associated with organizing World Pride DC 2025, featuring insights from Ryan Bos, executive director of Capital Pride Alliance. It highlights the significance of corporate sponsorships which are crucial for funding such large-scale community celebrations, especially in a changing political climate that has led to some sponsors withdrawing support. Bos emphasizes the importance of visibility, community engagement, and financial planning in ensuring Pride events remain free and accessible.
Source: YAHOO
Reported about 1 month ago
In today's Market Minute, Yahoo Finance's Julie Hyman reports on Voyager Technologies (VOYG) successfully launching its IPO on the New York Stock Exchange, opening at $69.65 after pricing at $31. Tesla CEO Elon Musk expresses regret over his public spats with President Trump, while GameStop (GME) faces challenges after reporting a decline in first quarter revenue and announcing substantial Bitcoin purchases.
Source: YAHOO
Reported about 1 month ago
Chewy CEO Sumit Singh recently reported that the online pet retailer has a resilient supply chain that enables quick reactions to disruptions, despite missing earnings guidance. The company, which derives about 85% of its sales from non-discretionary items and gains a significant proportion of revenue from its subscription service, Autoship, continues to see strong customer demand. Singh expressed confidence about Chewy's future performance and emphasized that the business remains insulated from broader supply chain challenges, thereby maintaining profitability and growth momentum.
Source: YAHOO
Reported about 1 month ago
Ethereum ETFs have achieved consecutive record inflows, totaling $326 million in just one week, since receiving SEC approval last year. The influx reflects a heightened risk appetite among investors, largely influenced by favorable SEC indications regarding cryptocurrency staking. Notably, funds like the iShares Ethereum Trust are attracting significant investments as investors seek to capitalize on potential returns in the crypto market.
Source: YAHOO
Reported about 1 month ago
GitLab's stock fell after releasing disappointing second quarter guidance, triggering concerns about its growth. In contrast, SailPoint's shares surged nearly 20% following strong earnings and an increased full-year outlook. Additionally, Meta announced a significant $14 billion investment in Scale AI and the hiring of its CEO, an effort to enhance its positioning in the competitive AI landscape.
Source: YAHOO
Reported about 1 month ago
A recent report showed milder-than-expected CPI inflation, leaving Federal Reserve policymakers inclined to maintain their current interest rates until there's more clarity on the effects of President Trump's tariffs. Despite some economists predicting visible impacts from tariffs in the CPI report, inflation pressures remained stable in May. The Fed is likely to continue its wait-and-see approach, delaying any rate cuts, especially in light of a strong labor market. President Trump has urged the Fed to cut rates, but officials emphasize concerns about inflation risks over employment.
Source: YAHOO
Reported about 1 month ago
The Dow Jones experienced an increase driven by a trade deal with China and favorable inflation data, while stocks in the quantum sector soared due to positive news from Nvidia.
Source: INVESTORS
Reported about 1 month ago
Starbucks is set to implement an enhanced staffing and service model across its 18,000 North American outlets by the end of summer 2025, moving beyond its initial plan which targeted only a third of U.S. locations. CEO Brian Niccol announced a pilot program at 700 stores aimed at improving service efficiency, which has already shown positive sales results. This initiative is part of the 'Back to Starbucks' strategy, which focuses on exceptional service, customer connection, and an overall revitalization of the brand experience.
Source: YAHOO
Reported about 1 month ago
President Donald Trump has called for the Federal Reserve to implement a significant one-point cut in interest rates following the release of inflation data. He praised the May Consumer Price Index while warning that increasing tariffs could accelerate price pressures. Though Fed officials are expected to maintain current rates in their upcoming meeting, Trump's push for a reduction highlights concerns over government borrowing costs amid ongoing economic uncertainties.
Source: YAHOO
Reported about 1 month ago
Paytech company Wonder has been appointed the omnichannel payment facilitator for Octopus Cards in Hong Kong, enhancing both online and offline payment capabilities for merchants. This partnership allows merchants to integrate Octopus into their payment methods via Wonder's platform, enabling simplified financial transactions across various sectors. Wonder CEO Jason Ngan emphasized the significance of this collaboration in driving digital payment innovation for the city, while Octopus CEO Tim Ying highlighted the goal of providing seamless and secure payment experiences for customers.
Source: YAHOO
Reported about 1 month ago
US stock markets experienced slight gains as investors reacted to a lower-than-expected inflation report, raising hopes for an interest rate cut by the Fed. The Dow remained flat while the S&P 500 fell, and the Nasdaq dropped nearly 0.6%. Positive sentiment was fueled by a trade agreement between the US and China aimed at stabilizing their trade relations. Current inflation data suggests a cooling trend, increasing the likelihood of potential rate cuts in the near future.
Source: YAHOO
Reported about 1 month ago
Chewy Inc. announced its Q1 2025 earnings, revealing an adjusted profit of 35 cents per share, surpassing analyst expectations. The pet supply retailer achieved $3.12 billion in sales, an 8.3% increase from the previous year, with active customers rising to 20.756 million. Chewy also reported a healthy increase in free cash flow and anticipates a 2025 adjusted EBITDA margin expansion. Despite a dip in stock price, the company remains confident about its growth trajectory.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Drift is transforming its DeFi platform on Solana by adding perpetual trading, prediction markets, and services tailored for institutional investors. Co-founder Cindy Leow highlighted the platform's focus on capital efficiency and user experience, aiming to attract sophisticated traders. Recently, Drift announced a $25 million Series B funding to fuel its expansion, further solidifying its position as a comprehensive DeFi hub on Solana amidst the evolving decentralized finance landscape.
Source: YAHOO
Reported about 1 month ago
隨著年齡增長，Matt DiLallo將投資焦點從增長轉向收入，建立了一個無需出售的核心收益投資組合，包括Brookfield Renewable、Brookfield Infrastructure、Realty Income、Enterprise Products Partners和Verizon Communications。這五家公司都能提供穩定且日益增長的股息，旨在支持他日後的財務獨立和生活支出。
Source: YAHOO
Reported about 1 month ago
Quantum computing stocks experienced a significant rise after Nvidia CEO Jensen Huang announced that the technology is reaching an 'inflection point' during a developer conference. Huang's optimistic remarks contrasted sharply with his earlier comments from January, which had predicted that practical quantum computers were still two decades away. Companies like Quantum Computing (QUBT), Rigetti Computing (RGTI), and IonQ (IONQ) saw notable stock gains, spurred by Huang's belief that quantum computers would soon be capable of addressing complex problems. This follows IBM's announcement of developing a large-scale quantum computer meant to function without errors by 2029, marking important progress in the field.
Source: YAHOO