Reported about 2 months ago
Federal Reserve Governor Adriana Kugler and Kansas City Fed President Jeff Schmid expressed concerns about rising inflation linked to President Trump's tariffs during a discussion at The Economic Club of New York. They urged for maintaining steady interest rates amidst current inflation uncertainties, cautioning that tariffs could lead to permanent price increases and emphasizing the need to balance inflation control with economic growth.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
As jobless claims rise, it's essential for workers to conduct a mid-year audit of their income and expenses. Financial adviser Justin Samples emphasizes understanding cash flow, adjusting tax withholdings, and maximizing workplace benefits to strengthen financial stability. He also advises that advocating for a raise should be approached thoughtfully, linking personal contributions to the company's success to enhance the likelihood of success.
Source: YAHOO
Reported about 2 months ago
Small business owners are facing significant challenges due to rising tariffs and labor shortages, prompting many to raise their prices rapidly. Mark Valentino, the president of Citizens Bank, discusses strategies business owners are employing, such as negotiating with suppliers to share the burden of tariff increases. Labor market constraints further exacerbate these issues, driving the need for succession planning as many baby boomer business owners approach retirement. With 42% of small business owners needing a succession plan in the next five years, the importance of preparation for business transition is highlighted.
Source: YAHOO
Reported about 2 months ago
Source: YAHOO
Reported about 2 months ago
Dan Ives, a tech analyst at Wedbush, has launched the Dan Ives Wedbush AI Revolution ETF (IVES), focusing on companies driving AI innovation across various sectors like robotics and semiconductors. Unlike other AI ETFs, IVES is limited to 30 specific holdings, including notable players like Nvidia and Microsoft, along with lesser-known firms like Zscaler and Pegasystems. Despite a growing interest in AI, the ETF market faces challenges due to previous investor losses in thematic funds, though IVES aims to provide a balanced exposure to the AI landscape.
Source: YAHOO
Reported about 2 months ago
U.S. stocks dipped on Thursday, with the Dow Jones and S&P 500 both declining as investor optimism from a phone call between President Trump and China's Xi Jinping was overshadowed by escalating tensions between Trump and Tesla CEO Elon Musk. Tesla's shares plummeted more than 14% following Trump's critical remarks about Musk's government contracts. Meanwhile, unemployment claims reached an eight-month high, raising concerns about a slowing labor market.
Source: YAHOO
Reported about 2 months ago
WhyHunger, founded by Harry Chapin and Bill Ayres in 1975, marks its 50th anniversary confronting ongoing food insecurity issues worldwide. Despite efforts to eradicate hunger through community support and activism, the nonprofit highlights the continued need for assistance as over 47 million Americans face food insecurity today. The anniversary event raised significant funds to aid numerous programs dedicated to transforming food systems and supporting local communities, reinforcing the organization's mission that mere nourishment is not enough without systemic change.
Source: YAHOO
Reported about 2 months ago
President Trump has voiced his disappointment in Elon Musk after the billionaire criticized his tax cuts and spending plans, calling them a 'disgusting abomination'. Trump, who previously considered Musk a key ally, suggested that Musk is struggling with his departure from government and claims he did not need Musk's support to win Pennsylvania in the election. The tension escalated as Musk publicly refuted Trump's comments on social media.
Source: YAHOO
Reported about 2 months ago
MongoDB's stock jumped 15.8% following an impressive earnings report that exceeded analyst expectations, with sales reaching $549 million and earnings per share at $1. Despite reporting a GAAP loss, the company demonstrated growth in free cash flow and strong future guidance, putting it on investors' radar amid concerns about its non-GAAP profitability.
Source: YAHOO
Reported about 2 months ago
Silver prices have surged to a 13-year high, surpassing $35 per ounce, fueled by uncertainty surrounding President Trump's tariff policies and the declining US dollar. Analysts noted that this price breakout had been anticipated, with potential for further increases if investor demand grows. The silver market, significantly smaller than gold's, exhibits higher volatility, raising concerns about rapid price fluctuations. Despite this surge, experts advise caution due to silver's notorious volatility.
Source: YAHOO
Reported about 2 months ago
A UN report reveals that between 2020 and 2023, indirect carbon emissions from major AI-focused tech firms, including Amazon, Microsoft, Alphabet, and Meta, have soared by an average of 150%, primarily driven by the extensive energy demands of data centers. Amazon topped the list with an increase of 182%, while Microsoft, Meta, and Alphabet followed with rises of 155%, 145%, and 138% respectively. The report emphasizes the strain AI development places on energy infrastructure, highlighting the urgent need for sustainable practices in the tech industry.
Source: YAHOO
Reported about 2 months ago
A three-judge appeals panel has denied Apple’s request to pause a ruling that prohibits the company from charging fees on in-app purchases made outside its payment system. This decision follows a series of legal battles initiated by Epic Games, alleging that Apple's App Store operates as a monopoly. The ruling poses a threat to Apple's revenue and keeps a significant dent in its profits from App Store transactions. Although Apple is still seeking to overturn the decision, the order remains in effect.
Source: YAHOO
Reported about 2 months ago
Circle Internet's shares surged over threefold during their debut on the New York Stock Exchange, opening at $69 and peaking at $103.75, indicating a strong rebound for the IPO market amid rising interest in digital assets and favorable regulatory changes. This landmark IPO for the stablecoin issuer is expected to inspire further listings in the crypto sector, signaling a shift towards mainstream acceptance of digital currencies.
Source: YAHOO
Reported about 2 months ago
Former President Trump expressed uncertainty about his relationship with Tesla's CEO Elon Musk, following Musk's criticism of Trump's new spending bill. Trump recalled their previous camaraderie and noted his disappointment over Musk's change in attitude.
Source: YAHOO
Reported about 2 months ago
In an interview, Zendesk CEO Tom Eggemeier explains how resolution pricing, which charges based on the success of AI interactions, is transforming the evaluation of AI agents in customer service. Unlike traditional models, Zendesk’s approach allows businesses to avoid charges when AI fails to resolve issues, promoting automation and flexibility. Eggemeier also highlights the ongoing need for human agents, debunking fears of job displacement and stressing that many companies are reinvesting savings from automation into their workforce.
Source: YAHOO
Reported about 2 months ago
Source: YAHOO
Reported 2 months ago
Ramit Sethi, author of 'I Will Teach You To Be Rich,' offers a roadmap to improve your finances and surpass 95% of people within three months, emphasizing that a six-figure salary is not necessary. He advises mastering your financial knowledge, tracking your monthly expenses, and investing a minimum of 10% of your income. Sethi also highlights the importance of reaching your crossover point, where your assets can cover expenses, allowing for greater freedom in life choices. Ultimately, enjoying the financial journey and aligning spending with personal values are crucial to achieving long-term wealth.
Source: YAHOO
Reported 2 months ago
Treasury yields increased as European government bonds faced a selloff following a European Central Bank announcement that caused traders to adjust their positions. The divergence in monetary policy expectations between the ECB and the Federal Reserve highlighted the challenges in the US labor market, raising speculation about potential interest rate cuts by the Fed later in the year. Despite recent economic concerns, fiscal issues in the US, including tax cuts and credit rating downgrades, continue to hinder a significant rally in Treasury bonds.
Source: YAHOO
Reported 2 months ago
Tesla's stock fell significantly following a public dispute between CEO Elon Musk and President Trump. Trump expressed disappointment in Musk's harsh criticism of a new tax bill that would affect electric vehicle mandates, stating Musk's awareness of the bill's details. Musk, previously an ally of Trump, reacted on social media with indifference as Tesla shares slid nearly 8%. The fallout has raised concerns over the implications for Tesla's business amidst a more strained relationship with the previous administration.
Source: YAHOO
Reported 2 months ago
The EU could potentially approve its trade agreement with the South American Mercosur bloc before summer, as stated by EU agriculture commissioner nominee Christophe Hansen. The deal, finalized in December, still requires approval from EU nations, amidst concerns from countries like France about its impact on local farmers. French President Macron and Brazilian President Lula discussed potential amendments to the pact, including emergency import restrictions.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS