Reported about 1 month ago
Apple is set to make the iPad a more effective laptop alternative with significant updates in its iPadOS 26, revealed during the WWDC 2025. Key enhancements include improved multitasking, allowing users to move and resize apps like on a Mac, and a new menu bar for easier navigation. These changes aim to attract consumers to choose iPads over MacBook Airs, while still acknowledging that full-sized laptops remain superior in performance.
Source: YAHOO
Reported about 1 month ago
The Congressional Budget Office (CBO) has projected that the US government could face a shortfall in funds to meet its financial obligations between mid-August and the end of September 2025. This revised timeline provides Congress additional time to negotiate a deal to raise the federal borrowing limit, after the debt limit was reinstated earlier this year. Treasury Secretary Scott Bessent has urged Republicans to pass legislation raising the debt ceiling by mid-July to avoid running out of capacity to pay bills on time.
Source: YAHOO
Reported about 1 month ago
Disney has finalized its acquisition of Hulu by paying NBCUniversal an additional $438.7 million, securing complete ownership of the streaming service. This move positions Disney to enhance integration with its Disney+ platform and upcoming ESPN offerings. The transaction follows Comcast's previous agreement to sell its 33% stake in Hulu as part of Disney's broader strategy after acquiring a major share of Hulu during its takeover of 21st Century Fox.
Source: YAHOO
Reported about 1 month ago
House Speaker Mike Johnson is urging Senate Republicans to keep changes to the proposed increase of the state and local tax (SALT) deduction cap to $40,000, resisting potential reductions suggested by President Trump. As negotiations progress, Johnson emphasizes the importance of this cap for representatives from high-tax states like New York and California, highlighting that alterations could jeopardize the legislation's passage. Several House Republicans threaten to block the bill if the SALT deduction is diminished, setting the stage for intense negotiations before the July 4 deadline.
Source: YAHOO
Reported about 1 month ago
Naveen Chopra, formerly the finance head at Paramount Global, has been appointed as the new finance head at Roblox, as announced by both companies. This transition occurs as Paramount works towards finalizing its $8.4 billion merger with Skydance Media. Chopra brings his extensive experience from his previous roles, including CFO at Paramount and finance head at Amazon's Devices and Services. He takes over from Michael Guthrie, who is stepping down to pursue personal interests, while Roblox continues to expand its user base and explore new revenue streams.
Source: YAHOO
Reported about 1 month ago
On June 9, 2025, global stock markets saw gains, with the MSCI World index hitting a new record, despite ongoing concerns around trade tensions and economic uncertainty. The dollar weakened against major currencies, attributed largely to increased hedging by international investors amidst a backdrop of U.S.-China trade talks and shifting investor sentiment. While the focus was on economic data from China and trade discussions, the market's upward momentum prevailed.
Source: YAHOO
Reported about 1 month ago
On June 9, 2025, the S&P 500 increased by 0.1% while trade talks between the U.S. and China generated optimism. However, Edison International's stock fell 8.1% following a downgrade from analysts due to potential litigation risks tied to wildfire liabilities. Enphase Energy and Regeneron Pharmaceuticals saw significant gains, while other major stocks experienced mixed results as industry trends influenced investor sentiment.
Source: YAHOO
Reported about 1 month ago
The United States and China are set to resume trade talks in London after a six-hour discussion on Monday, with officials expressing optimism about easing tensions regarding rare earths and technology. Both nations are utilizing their control over key materials to navigate the trade war, with the U.S. tightening regulations on exports while China faces backlash over its rare earths export limits. President Trump has highlighted the challenges in negotiations but remains hopeful, while the impact of the ongoing tariffs is visible in declining trade volumes and rising import costs.
Source: YAHOO
Reported about 1 month ago
US stocks gained on Monday with the S&P 500 and Nasdaq climbing as positive sentiments grew from ongoing trade talks between the US and China. The S&P 500 rose 0.1%, while the Nasdaq increased by 0.3%. High-level discussions began in London, following a phone call between President Trump and Chinese President Xi Jinping. Investors are hopeful for a resolution to tariff issues that have impacted global economies, and the market is reacting positively to encouraging job data and corporate developments, including Apple’s new operating system announcement.
Source: YAHOO
Reported about 1 month ago
Amazon Web Services (AWS) is transitioning to a model-neutral approach to AI by providing a variety of large language models (LLMs) for customers to choose from. This strategy, encapsulated in the Amazon Bedrock service, aims to make AWS the primary infrastructure for the AI economy, distinguishing itself from competitors like Microsoft, which have aligned with specific LLMs. Despite facing risks and significant competition in the evolving AI landscape, AWS is increasing its investments and improving its partnerships, particularly with Anthropic, while also developing its own foundational models.
Source: YAHOO
Reported about 1 month ago
Warner Bros. Discovery plans to separate into two publicly traded companies, focusing one on streaming and studios and the other on global TV networks. This strategic move is seen as a foundation for the long-pursued consolidation in the media industry, as the existing cable business hindered acquisitions. Analysts suggest that this split may facilitate a more favorable environment for mergers among streaming services, addressing the challenges traditional media faces in scaling and profitability.
Source: YAHOO
Reported about 1 month ago
Global stocks climbed while the US dollar dipped as trade talks between the US and China commenced in London, aimed at resolving a trade dispute that has affected global supply chains. Market analysts note that even dialogue with China is seen as a positive step by investors, leading to modest gains on Wall Street, despite some setbacks in specific stocks. As investors await key economic data, concerns over inflation and future rate cuts by the Federal Reserve remain.
Source: YAHOO
Reported about 1 month ago
Tesla's stock regained some ground as the company prepares to launch its robotaxi test in Austin on June 12, following significant volatility due to controversy between CEO Elon Musk and former President Trump. After experiencing a nearly 15% drop in value last week, resulting from a clash that raised political concerns, analysts have issued downgrades citing risks but predict potential long-term growth linked to the robotaxi initiative.
Source: YAHOO
Reported about 1 month ago
JPMorganChase has initiated a new fintech accelerator program in the U.K., aimed at startup founders seeking to develop scalable financial solutions through technology. The 12-week Fintech Forward program, created in partnership with consulting firm EY, is accepting applications until June 27, 2025, with the program running from September to November. Participants will receive mentorship, access to JPMorganChase's tech center, and opportunities to connect with potential investors, specifically targeting fintech startups with a live product and revenues under £1 million.
Source: YAHOO
Reported about 1 month ago
Robinhood traders who speculated on the online brokerage's inclusion in the S&P 500 faced disappointment when no changes were made to the index during its quarterly rebalancing. While Robinhood shares had soared in anticipation, they plummeted 8.4% intraday following the announcement, illustrating the risks of speculative trading. Analysts indicate that despite Robinhood's market cap meeting S&P criteria, the index committee considers other factors, suggesting a need for caution among retail investors.
Source: YAHOO
Reported about 1 month ago
Forecasters anticipate a rise in inflation for May following three months of decline, influenced by tariffs imposed by President Trump. The Consumer Price Index report, set to be released on Wednesday, is predicted to show a 2.4% increase in the cost of living over the year, with 'core goods' inflation expected to rise due to higher prices in goods like new cars and appliances. This report may affect Federal Reserve policies, as an uptick in inflation could lead to prolonged higher interest rates.
Source: YAHOO
Reported about 1 month ago
On June 9, 2025, major US stock indexes showed varied performance, with the S&P 500 rising 0.1% while the Dow Jones remained flat and the Nasdaq increased by 0.3%. As trade talks between the US and China commenced, the market moved closer to its previous record levels, driven by easing inflation expectations among consumers. The S&P 500 now sits just 2.3% below its all-time high from February.
Source: YAHOO
Reported about 1 month ago
Circle's stock (CRCL) climbed 7% on Monday, marking its third straight day of gains following a highly successful IPO. The price reached a peak increase of 15% before settling at $115 per share, significantly above its initial public offering price of $31. This surge has been buoyed by a favorable outlook for cryptocurrencies and growing institutional interest in digital assets.
Source: YAHOO
Reported about 1 month ago
In this opinion piece, Rick Newman highlights that despite concerns over President Trump's tariffs, the stock market has shown resilience, with recession odds significantly decreasing from a peak of 66% to 26%. Consumers continue to spend while businesses expand payrolls, defying expectations of a downturn. Trump's recent tariff adjustments have seemingly reassured investors, though significant challenges remain, including rising inflation and economic disparities. Ultimately, while a major recession may not be imminent, the economic landscape under Trump's policies remains complex and uncertain.
Source: YAHOO
Reported about 1 month ago
Trade negotiations between the US and China are set to resume in London as both sides aim to alleviate tensions regarding technology and rare earth element shipments. President Trump acknowledged that while the discussions have been ongoing, he finds China to be a difficult counterpart. The US has indicated a willingness to lift certain tech export restrictions in exchange for China easing limits on rare earth exports, which are crucial for various industries. Meanwhile, Chinese stocks surged in Hong Kong on optimism surrounding the talks.
Source: YAHOO
Reported about 1 month ago
President Donald Trump confirmed he will not discontinue the Starlink service at the White House, despite announcing the end of his relationship with Elon Musk, the CEO of both Tesla and SpaceX. Although Trump may consider moving his Tesla off-site, he praised Starlink as a good service. The tension stems from a public feud where Musk criticized Trump's tax and spending bill, complicating Republican efforts in Congress.
Source: YAHOO
Reported about 1 month ago
OpenAI has reported an annualized revenue of $10 billion as of June 2025, a significant increase from $5.5 billion in December 2024, demonstrating strong growth driven by the rising adoption of its ChatGPT AI models. This positions the company to achieve its target of $12.7 billion in revenue for 2025. Despite a $5 billion loss the previous year, OpenAI is outpacing competitors in revenue scale, with a large user base and ongoing developments in its product offerings.
Source: YAHOO
Reported about 1 month ago
Expectations for the Federal Reserve to cut interest rates in the near future are fading as the labor market shows unexpected resilience. Financial markets have adjusted their projections, now anticipating the Fed will maintain rates through July, contrary to earlier expectations of imminent cuts. Despite pressure from external factors like tariff-induced job losses, the Fed appears cautious about further rate reductions, balancing concerns over inflation and employment stability.
Source: YAHOO
Reported about 1 month ago
At Apple's 2025 Worldwide Developers Conference (WWDC), CEO Tim Cook announced significant redesigns for Apple's operating systems, including iOS, MacOS, and iPadOS, now named based on their expected release year. A notable highlight is the iPad's enhanced capabilities as a laptop replacement. However, the event lacked major AI updates, particularly regarding Siri, which remains in development.
Source: YAHOO
Reported about 1 month ago
Retailers are predicting a surge in cargo imports at U.S. ports this summer, attributed to a 90-day tariff pause in the trade conflict between China and the U.S. The National Retail Federation's Global Port Tracker indicates that many retailers are resuming imports, after previously reducing orders due to high tariffs. While export volumes are expected to rise during the peak back-to-school and holiday shopping seasons, significant declines in cargo volumes are projected for the latter half of 2025 unless further tariff reductions occur.
Source: YAHOO