Reported 1 day ago
French President Emmanuel Macron is targeting US researchers, particularly those frustrated by Donald Trump's policies, by promoting France as a hub for innovation and scientific research. He emphasized the country's commitment to research and announced plans to assist scientists in relocating to France, while his education minister noted that current global circumstances are prompting many researchers to consider moving. Macron previously initiated a similar campaign during Trump's presidency to draw attention to environmental issues.
Source: YAHOO
Reported 1 day ago
The Trump administration has significantly reduced oversight of federal student loan servicers, leading to concerns about the protection of borrowers from errors and inadequate service. With the Consumer Financial Protection Bureau deprioritizing student loan issues and massive layoffs at the Department of Education eliminating critical oversight teams, advocates warn that this will worsen the already troubled student loan system, leaving borrowers vulnerable to mismanagement and fraud by loan servicers.
Source: YAHOO
Reported 1 day ago
Volvo Group plans to cut 550 to 800 jobs at its U.S. facilities over the next three months, citing market uncertainty and decreased demand influenced by President Trump's tariffs. The layoffs will primarily affect its Mack Trucks site in Pennsylvania and two facilities in Virginia and Maryland, as the automotive industry struggles with rising manufacturing costs and a decreasing order for heavy-duty trucks.
Source: YAHOO
Reported 1 day ago
Nvidia is experiencing a tumultuous 2025, facing sharp declines in stock value due to new export restrictions imposed by the Trump administration that ban the sale of H20 chips to China. Additionally, tariffs on imported semiconductors could further impact revenue, especially with China having been a significant market for the company. Despite strong sales of Blackwell chips and long-term growth potential in the AI sector, analysts predict significant revenue and earnings cuts due to these challenges.
Source: YAHOO
Reported 1 day ago
Donald Trump is contemplating the removal of Federal Reserve Chairman Jerome Powell, according to his chief economist, Kevin Hassett. This follows Trump's criticism of Powell for not reducing interest rates swiftly enough. During a recent meeting, Trump expressed dissatisfaction with Powell, implying he could fire him if desired, and reiterated calls for lower rates despite inflation concerns.
Source: YAHOO
Reported 1 day ago
As concerns about a potential recession grow in the U.S. due to increasing tariffs and economic slowdown, it's crucial to prepare financially. This article provides ten practical tips, including paying down high-interest debt, building an emergency fund, and improving workplace skills. Additionally, it suggests being strategic about purchases before tariffs take effect and emphasizes the importance of staying informed about credit reports and tax opportunities. Taking these proactive steps can help mitigate financial stress during turbulent economic times.
Source: YAHOO
Reported 1 day ago
Mary Daly, President of the San Francisco Fed, indicated that while the Federal Reserve might maintain interest rates longer than expected due to heightened inflation risks, there remains a possibility of rate cuts later this year. Daly reassured that inflation is gradually decreasing and that any adjustments in policy will be made thoughtfully over time, without urgency. She also conveyed confidence in the Fed's forecast of potential quarter-point rate cuts if inflation declines, emphasizing a stable economic outlook.
Source: YAHOO
Reported 1 day ago
Senator Elizabeth Warren has expressed concerns that President Trump's overhaul of federal regulatory agencies, particularly the Consumer Financial Protection Bureau (CFPB), will leave markets and consumers exposed to fraud and corruption. With mass layoffs at the CFPB and diminishing enforcement at the Securities and Exchange Commission, Warren argues that these actions create significant uncertainties for the economy, potentially leading to financial turmoil and recession.
Source: YAHOO
Reported 1 day ago
Nvidia and Apple, part of the Big Tech sector, are experiencing significant market volatility due to Trump's tariffs. Apple, heavily reliant on China for iPhone production, initially saw a dramatic decline in market value but managed a recovery after receiving a tariff exemption. In contrast, Nvidia faced a nearly 7% drop after a ban on chip exports to China. Both companies are navigating through uncertain trade regulations as further tariffs on electronics loom.
Source: YAHOO
Reported 1 day ago
Capital One's $35 billion acquisition of Discover has received essential regulatory approvals from the Federal Reserve and the OCC, preparing the way for the largest credit card company in the US. The regulators concluded that the merger would not harm competition or the financial system, and both banks are now set to unite their operations by May 18, 2025, with Capital One gaining over 300 million cardholders in the process.
Source: YAHOO
Reported 1 day ago
US banking regulators have approved Capital One's $35.3 billion acquisition of Discover Financial Services, creating the eighth-largest bank in the country. This merger is expected to enhance competition in the payment processing sector by offering a more extensive range of products and services. However, the approval comes with conditions, including a $100 million fine for Discover over fee overcharges, and plans for corrective actions to address previous enforcement issues.
Source: YAHOO
Reported 1 day ago
Source: YAHOO
Reported 1 day ago
The Trump administration is reportedly planning to discontinue the IRS Direct File program, which allowed users to file tax returns electronically for free, citing concerns from lawmakers about its efficiency. Additionally, it is considering penalties against DeepSeek, a Chinese AI firm, restricting its access to U.S. technology amidst ongoing concerns about the implications of such technology transfers. Meanwhile, stock trading related to companies linked to the Trump family has experienced unusual activity, raising suspicions of manipulation, while a former administration official, Chris Krebs, plans to resign amid government scrutiny.
Source: YAHOO
Reported 1 day ago
H.C. Wainwright remains confident that Viking Therapeutics will stand out in the market following Eli Lilly's data on oral GLP-1 treatments for type 2 diabetes. They expect Viking's drug VK2735, which demonstrated significant weight loss and a favorable safety profile in clinical trials, to provide a competitive edge. The firm maintains a Buy rating on Viking with a price target of $102, despite a recent dip in their stock price.
Source: YAHOO
Reported 1 day ago
Source: INVESTORS
Reported 1 day ago
President Trump's trade war is causing economic turmoil, leading to stock declines and recession fears. Instead of reversing tariffs or pursuing trade deals to alleviate the situation, Trump is escalating tensions with the Federal Reserve, demanding interest rate cuts. His anger towards Fed Chair Jerome Powell has intensified, and he's even suggested firing him. However, Powell is unlikely to respond to Trump's demands as the Fed aims to control inflation exacerbated by Trump's tariffs. As tensions rise, investors face growing uncertainty regarding the economic implications of Trump's actions.
Source: YAHOO
Reported 1 day ago
Tim Stokely, founder of OnlyFans, has submitted a last-minute bid via his social media platform Zoop to acquire TikTok's U.S. operations. With a promise to allocate 80% of ad revenue to content creators, the bid aims to transform the earnings model of social media. This proposal follows U.S. legislative pressure for TikTok to divest from its Chinese parent company, ByteDance, amid national security concerns.
Source: YAHOO
Reported 1 day ago
Geron Corp. (NASDAQ:GERN), a biopharmaceutical firm focused on oncology, is highlighted as one of the most promising penny stocks by analysts, ranking fifth in this category. With a share price of $1.32 and an impressive average upside potential of over 240%, the company has seen significant revenue from its drug RYTELO, which is expected to gain EU approval. Despite market uncertainties, analysts remain optimistic about investment opportunities in GERN and suggest leveraging current conditions for potential gains.
Source: YAHOO
Reported 1 day ago
Analysts have ranked EVgo Inc. (NASDAQ:EVGO) as one of the most promising penny stocks, with an average upside potential of 139.85%. The company's robust growth includes a significant revenue increase of 110% year-over-year in its Public Charging Network, attributed to the rising number of electric vehicle users. EVgo plans to expand its operations further by adding up to 900 new charging stalls in 2025. Despite the positive outlook, there are risks associated with market uncertainties that could impact investors' decisions.
Source: YAHOO
Reported 1 day ago
Jim Cramer highlights Cardinal Health (CAH) as a standout stock amid changing market dynamics, particularly under the Trump administration. He notes that Cardinal Health's focus on domestic and specialty pharma services positions it well to benefit from potential disruptions in the pharmaceutical supply chain. Cramer includes it in his recommendations, emphasizing its strategic advantages and the broader market shifts favoring such companies.
Source: YAHOO
Reported 1 day ago
Fluence Energy Inc. (NASDAQ:FLNC) has been highlighted as one of the most promising penny stocks by analysts, currently offering significant upside potential due to its robust energy storage solutions and strengthening domestic supply chain. Following a recent discussion by financial analysts Dan Greenhaus and Brian Levitt on market uncertainties, Fluence stands out with a substantial $5.1 billion backlog and initiatives to enhance U.S. manufacturing. With a current share price of $4.06 and a notable average upside potential of 97.04%, Fluence is ranked 7th among promising penny stocks, appealing to investors amid ongoing market volatility.
Source: YAHOO
Reported 1 day ago
NexGen Energy Ltd. (NYSE:NXE) has emerged as a noteworthy penny stock, ranking 8th in a recent analysis of promising stocks below $5. With a current share price of $4.61 and significant upside potential of 90.92%, the company is focused on the development of its Rook I uranium project in Saskatchewan, which is on track to become the largest low-cost uranium mine globally. Despite a recent increase in development costs, analysts remain optimistic about the company’s long-term prospects, particularly as it prepares to meet growing uranium demand. Investors are encouraged to consider NXE among other high potential stocks.
Source: YAHOO
Reported 1 day ago
In a recent episode of Mad Money, Jim Cramer praised Palantir Technologies (NYSE:PLTR), urging investors not to short the stock as it rebounds amidst changing market sentiments influenced by geopolitical tensions. Cramer noted the software company's unique position in defense tech and its strong domestic focus, highlighting its cult status among investors. He also provided insights into a curated list of stocks that he believes are promising amid current market conditions.
Source: YAHOO
Reported 1 day ago
In a recent episode of Mad Money, Jim Cramer highlighted L3Harris Technologies (LHX) as a leading defense stock worth owning, amidst a notable shift in market sentiment. He emphasized the importance of adapting investment strategies to capitalize on domestic-focused winners under the current administration, suggesting that L3Harris combines defense technology with communications. Despite recognizing its potential, Cramer noted that other AI stocks might offer greater returns.
Source: YAHOO
Reported 1 day ago
Netflix's latest earnings report exceeded expectations, reinforcing its position as a strong player in the streaming industry despite macroeconomic concerns. Analysts praised the company, highlighting its global dominance and resilience against economic downturns. Netflix's stock rose 3.3% post-earnings, as analysts raised their price targets, noting stable subscriber retention and positive revenue guidance for 2025.
Source: YAHOO