Reported 2 months ago
Hewlett Packard Enterprise (HPE) exceeded Wall Street expectations in its fiscal second quarter results, as CEO Antonio Neri emphasized the company's steady demand and improvements in various business segments, including Intelligent Edge and hybrid cloud. Neri also addressed ongoing challenges in the server market, plans for cost savings, and the trial concerning HPE's acquisition of Juniper, expressing confidence in the deal despite scrutiny from the Department of Justice.
Source: YAHOO
Reported 2 months ago
Tesla's shares fell significantly on Wednesday, continuing a downward trend as sales data from several key markets revealed year-over-year declines in May. Sales decreased in Germany, Italy, and the U.K., despite rising in Australia and Norway. The electric vehicle manufacturer has struggled this year partly due to controversies surrounding CEO Elon Musk's political involvement. Investors are awaiting potential improvements in sales with the introduction of the revamped Model Y in the U.K.
Source: YAHOO
Reported 2 months ago
华纳兄弟探索（WBD）的股东在年会上投票拒绝了首席执行官大卫·扎斯拉夫5200万美元的薪酬包。尽管这一投票结果是非约束性的，扎斯拉夫仍将领取他的薪水。此次投票的结果显示出对扎斯拉夫酬金的强烈反对，随着公司在关键领域的挣扎，这一消息愈发引人关注。尽管公司董事会表示将认真对待投票结果并与股东保持建设性对话，但扎斯拉夫的薪水仍然与行业内竞争对手相似，甚至在某些情况下超过他们。
Source: YAHOO
Reported 2 months ago
In a heartfelt interview, actress Jen Tullock shares her journey of navigating financial trauma, queerness, and healing. Growing up in a chaotic environment shaped her view of money, leading her to financial rock bottom before emphasizing the crucial role of therapy in separating self-worth from economic status. Tullock's candid insights resonate with many in the queer community, celebrating the importance of living an authentic life amidst societal pressures.
Source: YAHOO
Reported 2 months ago
In today's market update, Yahoo Finance reports that Apple has received a downgrade to a Hold rating due to concerns of overvaluation amidst rising AI competition. Meanwhile, Guidewire Software has raised its full-year revenue guidance after exceeding Q3 earnings estimates, demonstrating strong competitive positioning. Additionally, Thor Industries surpassed Q3 sales expectations but anticipates challenges in the upcoming quarters due to macroeconomic pressures.
Source: YAHOO
Reported 2 months ago
Nvidia has regained its position as the most valuable company in the US, surpassing a market cap of $3.45 trillion with shares climbing above $140. This rise has significantly boosted CEO Jensen Huang's net worth to over $123 billion, increasing nearly $9.3 billion in 2025 alone. Following a decade without a raise, Huang's salary has also seen a notable bump, reflecting the company's robust performance amidst a growing interest in artificial intelligence.
Source: YAHOO
Reported 2 months ago
Ramit Sethi, entrepreneur and author, advises consumers on how to save money without cutting out enjoyment from their budgets, even when in debt. In a recent video, he shares three strategies: cancelling unnecessary subscriptions, switching insurance carriers for better rates, and monitoring impulse purchases, which can collectively save individuals hundreds of dollars annually without significant lifestyle changes.
Source: YAHOO
Reported 2 months ago
With Americans holding over $1.2 trillion in credit card debt, it's crucial to conduct a mid-year financial checkup. Clint Henderson, managing editor at The Points Guy, advises consumers to maximize credit card rewards by checking statement credits, seeking new cards with lucrative sign-up bonuses, and avoiding unnecessary fees. Key strategies include setting up automatic payments, paying off balances monthly, and ensuring you're utilizing the best cards for specific purchases to accumulate points effectively.
Source: YAHOO
Reported 2 months ago
The Trump-backed proposal to exempt the first $25,000 in tips from federal income tax raises concerns for workers, particularly regarding Social Security and unemployment benefits. Experts warn that failing to report all tips could diminish future retirement credits and unemployment benefits, leading to financial disadvantages. It's crucial for workers to accurately report their income, despite the proposed tax exemption, as state and local taxes, as well as Social Security and Medicare taxes, still apply.
Source: YAHOO
Reported 2 months ago
The Social Security Administration has updated benefit recipients under the Social Security Fairness Act, confirming that nearly 3 million Americans have had their cases processed, increasing some monthly benefits by up to $1,000. While 91% of cases have been completed, the remaining 9% are being processed manually. This adjustment impacts those who have worked in jobs like teaching or public service and also contributed to Social Security.
Source: YAHOO
Reported 2 months ago
The Federal Reserve's recent decision to lift the $1.95 trillion asset cap on Wells Fargo enables the bank to refocus its strategy towards retail banking rather than wholesale lending. According to Chris Whalen of Whalen Global Advisors, while there may be some growth in assets, Wells Fargo is undergoing substantial changes, having stepped away from key commercial and residential lending sectors. The bank aims to take market share from regional banks while enhancing its traditional banking operations.
Source: YAHOO
Reported 2 months ago
In light of the Institute for Supply Management's latest services PMI dropping to 49.9 in May, which fell short of expectations, economist José Torres from Interactive Brokers suggests that the Federal Reserve should reduce interest rates as early as this month. The current economic data shows signs of weakness, leading to discussions about potential rate cuts amidst persistent inflation fears.
Source: YAHOO
Reported 2 months ago
Nvidia has once again become the world's most valuable company, surpassing Microsoft with a current market cap of $3.45 trillion. As US stocks opened higher, Nvidia's shares rose steadily, reflecting increasing investor confidence following easing concerns over key risk factors and partnerships, particularly in the AI space and potential access to Chinese markets.
Source: YAHOO
Reported 2 months ago
Investor sentiment has been volatile due to tariffs, earnings, and policy uncertainty, as described by Piper Sandler's Michael Kantrowitz. Named 'narrative volatility,' this phenomenon shows abrupt changes in sentiment measured by AAII bearish sentiment. Currently, fluctuations are at an all-time high, with conflicting signals about the economic outlook. Kantrowitz advises focusing on quality stocks amidst this uncertainty.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
US stock futures saw a slight increase as the market awaits new employment data, with anticipations of trade negotiations between the US and China looming. The S&P 500 futures rose by approximately 0.2%, while the Dow Jones Industrial Average and Nasdaq 100 futures also showed marginal gains. With the introduction of higher steel tariffs, investors are keen to assess the resilience of the labor market against the backdrop of escalating trade tensions.
Source: YAHOO
Reported 2 months ago
President Trump expressed difficulty in making a deal with Chinese President Xi Jinping, emphasizing the ongoing challenges in US-China trade negotiations as tariffs on steel and aluminum double to 50%. With escalating tensions and accusations of truce violations, all eyes are on upcoming discussions between US and EU negotiators amid looming deadlines for tariff adjustments and trade agreements. Meanwhile, legal uncertainties surrounding tariffs continue to impact various sectors, highlighting the volatility of international trade relations.
Source: YAHOO
Reported 2 months ago
Michael Saylor's successful strategy of integrating Bitcoin into corporate treasuries is now being imitated by various companies, including Trump's media firm and GameStop. Since Saylor's announcement in 2020, companies have invested heavily in Bitcoin, leading to a significant increase in their market holdings. Despite the potential risks of Bitcoin's volatility, many firms are adopting this approach to enhance their financial growth and attract investor attention.
Source: YAHOO
Reported 2 months ago
The US has doubled its tariffs on steel and aluminum imports to 50%, effective immediately, as President Trump's administration calls for trading partners to submit their best offers to avoid additional tariffs scheduled to take effect next month. The move has raised concerns among European businesses and trading partners, particularly Canada and Mexico, which will be significantly affected. The uncertainty in US trade policy is already impacting companies, with some scaling back growth ambitions due to the tariffs and market volatility.
Source: YAHOO