Reported about 13 hours ago
Hinge Health's stock debuted on the New York Stock Exchange on Thursday, finishing its first day of trading at $37.56, above the IPO price of $32, despite opening at $39.25. The company sold 8.52 million shares, raising approximately $273 million, and reported a significant year-over-year revenue increase of 50% for the first quarter.
Source: YAHOO
Reported about 13 hours ago
In a recent episode of Yahoo Finance's 'The Big Idea,' Erin Gore, founder of Garden Society, shared her journey of establishing a successful cannabis business amidst challenges, emphasizing that entering a new industry often requires creating new rules. Gore reflected on her passion for cannabis, the importance of building community and product innovation, and the critical role of advocacy in shaping industry policies. She also highlighted the necessary skills for thriving in new sectors, including flexibility, understanding cash flow, and the need for a resilient mindset.
Source: YAHOO
Reported about 14 hours ago
Many people plan to retire at 65, but less than 30% actually do, with most retiring by age 62. According to experts, factors such as downsizing and health issues can impact retirement timing, making it essential to have a flexible backup plan. Additionally, many workers choose partial retirement, balancing income with savings. Retirement spending is also nonlinear, increasing due to lifestyle changes and rising healthcare costs in later years. It's crucial to factor in these elements to ensure financial stability in retirement.
Source: YAHOO
Reported about 14 hours ago
President Donald Trump has reignited discussions about privatizing Fannie Mae and Freddie Mac, resulting in a significant surge in their stock prices — the highest in 16 years. Shares of Fannie increased by 51%, while Freddie rose by 42%. While investors are optimistic, the process may be complicated and require Congressional approval, posing challenges to Trump’s ambitions. The privatization would mark a shift from their government-controlled status since a 2008 bailout, and analysts express caution about the potential risks involved.
Source: YAHOO
Reported about 14 hours ago
Hinge Health Inc., a digital physical therapy provider, saw a 17% increase in its share price after successfully raising $437 million through an initial public offering priced at the highest end of the expected range. The company's shares closed at $37.56 each, giving it a market value of approximately $2.9 billion. Hinge Health, which utilizes AI to assist in physical therapy for individuals suffering from back and joint pain, reported a net income of $17 million in Q1 2025. Established in 2014, it currently serves over 20 million users through its platform.
Source: YAHOO
Reported about 14 hours ago
Financial markets are signaling unease over the growing US national debt, but Congress, instead of addressing the issue, is proceeding with a tax-cut package that could exacerbate the situation. Despite rising interest rates on Treasury bonds, indicating increased risk, lawmakers seem unfazed, with plans that may add $3 trillion to the national debt. The situation raises questions about a potential debt crisis, as current fiscal policies continue to favor short-term tax cuts over long-term budgetary responsibility.
Source: YAHOO
Reported about 14 hours ago
Intuit Inc. reported a significant revenue increase of 15% to $7.8 billion after the recent US tax season, boosted by offering more advanced tax services. Although the company raised its revenue outlook for the year, it noted a decline in TurboTax's free users and market share, causing some concern among investors. Analysts suggest that the potential discontinuation of a free tax service offered by the IRS could benefit Intuit's business.
Source: YAHOO
Reported about 14 hours ago
AT&T CEO John Stankey expressed confidence in the company's diversity, equity, and inclusion (DEI) initiatives while discussing the acquisition of Lumen Technologies' fiber business for $5.75 billion. He stated that AT&T's policies focus on merit and ensuring all employees feel they belong and can succeed. Despite competitors making concessions to secure approvals from the Trump administration for similar deals, Stankey maintains that AT&T does not need to compromise its DEI efforts and emphasizes the deal's potential to boost U.S. job creation and enhance its fiber offerings.
Source: YAHOO
Reported about 14 hours ago
G7 finance ministers and central bank governors convened in Banff, Alberta, and put aside their differences on U.S. tariffs and the war in Ukraine, emphasizing the need to address global economic imbalances, particularly in light of China's trade practices. Their communiqué indicated a softer stance on free trade principles while hinting at potential new sanctions on Russia if a ceasefire is not reached, and committed to monitoring policies that disrupt fair trade.
Source: YAHOO
Reported about 14 hours ago
Despite a moderate shift in economic indicators and discussions about international investment opportunities, American investors remain predominantly focused on US markets. Bank of America's Lauren Sanfilippo highlights the persistent US bias within investment strategies, suggesting that concerns over recession risk are subsiding even as US Treasury yields stay elevated. While there are signals of strength in the economy and consumer confidence, the overall inclination remains toward US assets, indicating a reluctance to fully embrace international markets.
Source: YAHOO
Reported about 14 hours ago
Italian Foreign Minister Antonio Tajani expressed optimism that the long-delayed free trade agreement between the European Union and Mexico could be signed by the end of this year. During his visit to Mexico City, Tajani discussed the agreement with European leaders and emphasized Italy's interest in increasing investments in Mexico's shipbuilding, machinery, and aerospace sectors, highlighting the benefits of a tariff-free market.
Source: YAHOO
Reported about 14 hours ago
Chile's state-run mining entity ENAMI has awarded Rio Tinto a 51% share in the Altoandinos lithium project, marking the miner's second significant investment in the country's lithium production. Rio Tinto plans to initially invest $425 million for essential studies before a final investment decision, further enhancing its presence in Chile, which is the world's second-largest lithium producer.
Source: YAHOO
Reported about 15 hours ago
Apple Inc. is gearing up to launch smart glasses by the end of 2026 as part of an initiative to enhance AI-powered devices. However, the company has decided to halt the development of a smartwatch that would include a camera for environmental analysis. The glasses will feature cameras, microphones, and speakers, enabling functionalities like phone calls, music playback, and live translations. This move comes amidst intensified competition in the AI device market, where Apple seeks to solidify its presence.
Source: YAHOO
Reported about 15 hours ago
A Federal Reserve Bank of New York official, Roberto Perli, urged financial firms to utilize the Standing Repo Facility (SRF) to enhance market liquidity and support monetary policy. The SRF, operational since 2021, provides quick cash for Treasury securities, but has seen limited use as markets remain liquid. Perli announced plans for daily morning SRF operations to improve its effectiveness amid tightening money market conditions.
Source: YAHOO
Reported about 15 hours ago
The bond market is under pressure again as concerns grow about potential tax cuts adding to the U.S. government's debt. Following the House's approval of a tax break bill, Treasury yields have spiked, causing turbulence in the stock market, particularly impacting the S&P 500. While some experts caution against overreacting, the rising yields indicate broader economic implications, potentially leading to higher borrowing costs for consumers and businesses, which could slow down the economy.
Source: YAHOO
Reported about 15 hours ago
Impactive Capital is preparing for a proxy fight at WEX Inc., aiming to nominate at least four directors to the board in 2026. The activist investor, holding about 7% of WEX, has expressed concern over the company's 30% share price decline and its overall performance. Despite previous discussions with WEX management, Impactive feels its requests for business simplification and better shareholder alignment have been overlooked.
Source: YAHOO
Reported about 15 hours ago
Nvidia's stock is projected to fluctuate by up to 7.4% following its quarterly earnings report on May 28, according to options traders. This anticipated volatility is lower than the average 11.3% swing from the past eight quarters. Despite recent struggles due to market conditions and geopolitical tensions, analysts expect strong earnings growth in the upcoming report. Investors will be monitoring how regulatory impacts and competition affect Nvidia's performance.
Source: YAHOO
Reported about 15 hours ago
The US Senate is preparing to implement stringent sanctions against Russia if President Vladimir Putin neglects ceasefire negotiations with Ukraine. Republican leaders, including Senator Lindsey Graham, indicate swift legislative action is possible, backed by over 80 senators. The proposed sanctions include a hefty tariff on imports from nations purchasing Russian oil and restrictions on US citizens buying Russian debt. Despite cautions from the Trump administration about escalating tensions, the Senate appears poised to react if diplomatic efforts falter.
Source: YAHOO
Reported about 15 hours ago
The United Steelworkers union has urged President Trump to block Nippon Steel's proposed $14 billion bid for U.S. Steel, citing concerns over national security and alleging that Nippon Steel has a history of dumping steel in American markets. The union argues that Nippon's intentions may undermine the domestic industry, despite its investment promises.
Source: YAHOO
Reported about 15 hours ago
Tinder CEO Faye Iosotaluno announced on Thursday that she will step down in July, aiming to help the dating app attract more users amid industry challenges. Since taking charge in January 2024, Iosotaluno focused on enhancing personalization through AI integration in recommendations. Match Group's CEO, Spencer Rascoff, will step in to lead the Tinder team as the company addresses a decline in paying users and plans workforce reductions.
Source: YAHOO
Reported about 15 hours ago
The SONAR Trade War Command Center reports that U.S. ports experienced record import volumes in April; however, forecasts indicate a significant decline in imports, particularly at the Port of Long Beach, where volumes have decreased by 36% due to heavy reliance on China. Current data shows year-over-year drops in international intermodal volumes, with ongoing effects expected from a 90-day tariff delay on Chinese goods, although no major import surges are anticipated in the near future.
Source: YAHOO
Reported about 16 hours ago
Amid a crackdown on Medicare by the Centers for Medicare and Medicaid Services, Humana and UnitedHealth stocks are falling. Hinge Health has successfully gone public on the NYSE, debuting at $39.25 per share, surpassing initial expectations. Meanwhile, Analog Devices faces pressure despite beating Q2 earnings due to the impact of tariffs on customer decisions. Investors continue to watch market developments closely.
Source: YAHOO
Reported about 16 hours ago
President Trump’s efforts to unify Republicans behind his economic agenda, encapsulated in the 'Big, Beautiful Bill,' have hit a snag as the bond market signals concerns over potential increases in U.S. debt. Although the House passed the tax cut legislation, it raises fears about economic stability, with analysts warning that rising borrowing costs could have severe repercussions for American consumers and businesses. The Republican party is at a crossroads, facing potential backlash if the economic measures fail, as all elements of Trump's plan are interlinked and dependent on the bill's success.
Source: YAHOO
Reported about 16 hours ago
Two staff members of the Israeli Embassy were shot and killed outside the Capital Jewish Museum in Washington, D.C., by a gunman chanting 'Free, Free Palestine,' an act condemned as an antisemitic hate crime. The victims were set to get engaged next week, and the incident has raised concerns regarding ongoing antisemitism. A suspect, Elias Rodriguez, was arrested, and officials have stressed the need to strengthen security around embassies. The shooting has prompted widespread condemnation from U.S. leaders, while Israel's Foreign Minister linked such violence to global perceptions of the country's military actions.
Source: YAHOO
Reported about 16 hours ago
President Trump is grappling with the bond market's negative response to his recent tax bill, which he claimed would be 'beautiful.' Despite securing a deal with blue-state Republicans to pass the legislation in the House, rising Treasury yields and a downgraded US credit rating indicate that investors are worried about the ballooning national debt and fiscal responsibility. Critics emphasize the need for significant spending cuts to mitigate future economic repercussions, while Trump pushes for quick passage to avoid electoral backlash.
Source: YAHOO