Reported about 1 month ago
Apple has announced several AI improvements in iOS 26, including live translation and new Genmoji features, but users will have to wait for notable AI enhancements to Siri, as detailed updates will come later. The new software development kit will enable developers to leverage Apple's AI capabilities, while the latest iOS update also brings aesthetic changes and other app improvements. Nonetheless, the absence of upgraded Siri features has raised concerns as Apple faces increasing competition in the AI space.
Source: YAHOO
Reported about 1 month ago
Oil prices reached multi-week highs as the US dollar weakened and investors awaited developments in US-China trade talks, with Brent crude rising to $67.04 per barrel and West Texas Intermediate at $65.29. The optimism surrounding potential trade deals has fueled a boost in demand forecasts, despite concerns over the impact of slowed Chinese export growth and a decrease in crude oil imports due to maintenance by refiners.
Source: YAHOO
Reported about 1 month ago
In a recent episode of Financial Freestyle, host Ross Mac interviews Adam Nash, the CEO and co-founder of the charitable donation app Daffy. They discuss Nash's journey in Silicon Valley, the concept of donor-advised funds, and how Daffy aims to make charitable giving accessible to everyone, regardless of wealth. With a focus on educating the public about personal finance and encouraging more generous habits, Daffy simplifies the act of giving, allowing users to donate funds easily while also receiving tax benefits.
Source: YAHOO
Reported about 1 month ago
Apple's WWDC on June 9, 2025, introduced significant software changes, including a redesigned iOS 26 featuring customizable lock and home screens, improved apps like Safari and Camera, and new functionalities for Phone and Messages. However, the event fell short of showcasing new AI advancements, raising questions about Apple's competitive edge in artificial intelligence against rivals like Microsoft and Google.
Source: YAHOO
Reported about 1 month ago
McDonald's has closed six of its locations in Chicago's Loop, reducing its presence to four amid rising costs and challenges faced by businesses in the area. While the local economy is rebounding with increased foot traffic, high rents and other expenses are causing some food chains to exit. There are concerns about crime and price sensitivity among consumers regarding fast food, which may influence McDonald's decisions regarding future openings.
Source: YAHOO
Reported about 1 month ago
IBM's stock hit an all-time high and exceeded a $250 billion market cap, driven by recent acquisitions in software and services. In contrast, Universal Health Services faced a downturn following a presentation at the Goldman Sachs Global Healthcare Conference where labor shortages were highlighted as a major concern. Meanwhile, Topgolf Callaway's stock rose significantly after a board member invested $2.5 million in shares, indicating strong confidence in the company's future.
Source: YAHOO
Reported about 1 month ago
Shift4 Payments, Inc. (FOUR) is presenting a bullish investment thesis propelled by its recent $2.5 billion acquisition of Global Blue, enhancing its international reach and customer experience in VAT tax refunds. With strong revenue contributions from its payments and post-purchase solutions, the company anticipates considerable synergies and growth potential through strategic cost reductions and expanding international operations. While the stock has shown promise, caution is advised as some believe other AI stocks may offer better returns.
Source: YAHOO
Reported about 1 month ago
Despite signs of a cooling labor market and slowing economic growth, Wall Street strategists are increasingly optimistic about stock performance. Many have maintained year-end targets for the S&P 500 between 6,300 and 6,500, suggesting that concerns over tariffs may be easing. Influential figures, like Morgan Stanley's Mike Wilson and Citi's Scott Chronert, point to a potential recovery in 'soft' economic data, which could support equity returns even with weaker 'hard' data. This shift in sentiment highlights the market's resilience amid economic fluctuations.
Source: YAHOO
Reported about 1 month ago
Homeowners are advised to prepare for an above-normal hurricane season, with predictions of 13 to 19 named storms. Bob Passmore from the American Property Casualty Insurance Association emphasizes the importance of reviewing insurance policies, including the need for separate flood insurance. Key recommendations include evaluating policy limits, considering deductibles, and taking proactive measures to protect homes from storm damage. Homeowners may also benefit from potential insurance incentives for making mitigation upgrades.
Source: YAHOO
Reported about 1 month ago
As summer approaches, Americans are prioritizing travel despite rising costs, with a new trend emerging called 'townsizing.' This concept involves travelers seeking smaller, quieter destinations for a more relaxed vacation experience, as seen in places like Cape May, New Jersey, and Portland, Maine. Priceline's CEO Brett Keller highlights this shift in consumer preferences, noting that while large cities remain popular, many are now exploring lesser-known markets for better value and less crowded environments. Thus, travelers are adapting their patterns, opting for unique experiences in both domestic and international locales while still looking for ways to save money.
Source: YAHOO
Reported about 1 month ago
Wall Street strategists, previously worried about the impact of President Trump's tariffs, are becoming more bullish on stocks. Analysts from Goldman Sachs point out that while hard economic data has significantly declined, consumer sentiment surveys indicate a possible recovery, as confidence appears to be rising. With ongoing tariff discussions and mixed economic reports, strategists suggest that the bottom may be near, and despite ongoing uncertainties, there are signs of potential market resilience.
Source: YAHOO
Reported about 1 month ago
Tesla is set to launch its long-awaited robotaxi service in Austin, Texas this week, initiating unsupervised testing with empty vehicles. The rollout will involve a small fleet of cars, primarily Tesla Model 3s, which users can summon via an app. While human operators will monitor the cars to ensure safety, this marks a significant step towards Tesla's vision of autonomous mobility. The launch date is tentatively set for the 12th, but potential delays are possible. Investors are keen to see if this development can overshadow any negative headlines surrounding the company.
Source: YAHOO
Reported about 1 month ago
Senate Republicans are set to introduce significant revisions to President Trump's $3 trillion tax and healthcare proposal, aiming for enactment by July 4 despite criticism from figures like Elon Musk. The Senate Finance Committee's draft may diverge from the House's earlier version, focusing on issues such as state and local tax deductions (SALT) and potential cuts to Medicaid and Medicare. While some factions push for more renewable energy tax credits, others warn that any dilution of fiscal measures could jeopardize the bill's passage when it returns to the House.
Source: YAHOO
Reported about 1 month ago
Walmart has partnered again with Synchrony Financial to issue its credit card, which will be integrated into the OnePay app and utilize Mastercard's network. Set to launch this fall, the card will provide users access to Walmart's vast shopping ecosystem. This collaboration follows Walmart's previous partnership with Synchrony that ended in 2018, and comes after terminating its relationship with Capital One last year due to service issues.
Source: YAHOO
Reported about 1 month ago
Some customers of Australia's Afterpay have been instructed to close their buy-now-pay-later (BNPL) accounts to qualify for mortgages, only to be offered credit cards afterward. This has raised concerns about the treatment of BNPL users amid increasing competition in consumer finance. Afterpay, which dominates the BNPL market in Australia, claims that such practices are based on misconceptions about the financial reliability of BNPL users, as a new legislation requiring credit checks on borrowers is set to take effect.
Source: YAHOO
Reported about 1 month ago
The United States and China have resumed trade talks in London, focusing on rare earth exports following a conversation between President Trump and Chinese leader Xi Jinping. Amid rising tensions and accusations of breaching a previous trade truce, the Trump administration is pushing for trade agreements while increasing tariffs on metals. Despite ongoing challenges, both nations aim to stabilize trade relations and expedite the flow of essential materials.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Amazon announced plans to invest $20 billion in two data center complexes in Pennsylvania, one adjacent to the Susquehanna nuclear power plant and another near Philadelphia. This investment, deemed the largest in state history by Governor Josh Shapiro, is part of Amazon's broader strategy to enhance its infrastructure amidst rising demand for cloud computing and AI products. However, the power arrangement with the nuclear plant is currently under federal review due to concerns about power availability and fairness.
Source: YAHOO
Reported about 1 month ago
'Buy Now Pay Later' (BNPL) schemes are increasingly leading users into financial trouble, with rising late payment statistics highlighting the risks. As many users struggle to manage repayments amid a slowing economy, financial advisors warn that this trend can jeopardize long-term financial health by limiting future borrowing capabilities and fostering a false sense of affordability. The article encourages consumers to rethink their spending habits and explore more sustainable debt options.
Source: YAHOO
Reported about 1 month ago
Amazon.com announced plans to invest at least $20 billion in Pennsylvania to expand its data center infrastructure, which is part of its broader commitment to AI technology. This investment is expected to create 1,250 high-skilled jobs and support thousands more in the supply chain for Amazon Web Services. Salem Township and Falls Township are among the first locations identified for future campuses, although no specific timeline was provided for the investment.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
The Children's Place saw its shares drop 30% after reporting a first-quarter loss that was three times larger than analysts expected, attributing this to economic uncertainties and tariff concerns leading to decreased consumer spending. The company's revenue fell nearly 10% year-over-year, with a nearly 14% decline in comparable sales, particularly in e-commerce. Interim CEO Muhammad Umair warned that the challenging retail environment, including weather patterns and tariffs, continues to pressure sales throughout the year.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
As US and Chinese officials engage in trade negotiations in London, CEOs are actively participating to influence the discussions and outcomes. Wendy Schiller, a political science professor, explains the delicate balance these corporate leaders must maintain while navigating tariffs and political pressures. The dynamics are further complicated by fluctuating shipment data from China, which can impact consumer prices and influence political reactions domestically.
Source: YAHOO