Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Apple's WWDC 2025 on June 9 will unveil significant software updates, including major redesigns for iOS, iPadOS, and macOS, inspired by the Vision Pro headset. While the company may not showcase groundbreaking AI advancements like last year, it will introduce features such as an AI battery manager and live translation for AirPods. Additionally, Apple plans to open its large language models to third-party developers and launch a centralized gaming app to enhance user experience.
Source: YAHOO
Reported 2 months ago
In May, the labor market saw a net addition of 139,000 non-farm payrolls, with a notable decline of 22,000 federal government jobs. The healthcare sector led job gains, adding 62,000 positions, while leisure and hospitality also performed well with 48,000 new jobs. However, manufacturing experienced a loss of 8,000 jobs. Analysts suggest potential future impacts from federal spending cuts and tariffs on various sectors of the economy.
Source: YAHOO
Reported 2 months ago
In a quest to uncover ways to earn money without working, Nicole Spector turned to ChatGPT, which provided several suggestions, including investing in dividend stocks and index funds, owning real estate, and placing money in high-yield savings accounts. While some ideas, like creating digital products or engaging in affiliate marketing, may require initial effort, the focus remains on passive income strategies. Ultimately, readers are reminded that generating income often involves some level of investment and active management.
Source: YAHOO
Reported 2 months ago
Bank of America's strategist Michael Hartnett cautions that global stocks are nearing a technical 'sell' signal following a remarkable 20% surge in two months. He notes that increased market activity, with recent inflows to stocks and high-yield bonds, suggests investor positioning may be stretched. Should stock inflows exceed 1% of overall assets, it could prompt selling, especially as the market approaches overbought levels, with 84% of country indexes currently exceeding their moving averages.
Source: YAHOO
Reported 2 months ago
In May, the US economy added 139,000 nonfarm payrolls, exceeding economist expectations of 126,000, while the unemployment rate remained unchanged at 4.2%. Despite the impact of President Trump's tariff policy, the overall labor market showed resilience, though revisions indicated 95,000 fewer jobs were added in the previous months. Average hourly earnings increased by 0.4% from April and 3.9% from the previous year, but the labor force participation rate dropped to 62.4%. Analysts note signs of softening in the labor market, with indications that the Federal Reserve may hold off on interest rate cuts until December.
Source: YAHOO
Reported 2 months ago
Investors in bonds and stocks should be vigilant about the increasing US deficit, according to BlackRock's Rick Rieder. He emphasizes that the country's substantial debt, exacerbated by recent spending bills, poses significant risks for various asset classes. With a downgraded credit rating and rising Treasury yields, concerns are growing over the potential impacts on borrowing costs and the overall economy.
Source: YAHOO
Reported 2 months ago
Investors are shifting their focus to the upcoming jobs reports for July and August, as recent data highlights the potential impact of current trade policies on unemployment figures. Although the labor market appears resilient, signs of slowing hiring and manufacturing activity have emerged amid the trade conflict, leading analysts to caution against a complacent outlook. The future data will be crucial in illustrating how the ongoing tariff regime shapes employment trends, while concerns about stagflation grow amidst a prolonged hiring pause.
Source: YAHOO
Reported 2 months ago
Elon Musk's artificial intelligence startup, xAI, anticipates generating over $13 billion in annual earnings by 2029, as reported by Bloomberg. Morgan Stanley, involved in a $5 billion debt sale for xAI, has provided potential investors with financial insights, revealing that gross revenue for xAI could reach $1 billion by the end of this year and $14 billion by 2029. The company's ambitious plans are set against a backdrop of high spending on tech infrastructure and a public feud involving Musk.
Source: YAHOO
Reported 2 months ago
JPMorgan Chase has shown remarkable financial resilience and growth, boasting a 208% total return over the past five years and significant revenue increases, despite uncertainties in the economy. With a strong balance sheet and CEO Jamie Dimon's leadership, the bank continues to dominate various sectors in financial services. However, the current high valuation raises concerns about future stock performance, leading analysts to suggest caution for potential investors.
Source: YAHOO
Reported 2 months ago
In the ongoing comparison of gold mining giants Newmont Corporation (NEM) and Kinross Gold Corporation (KGC), both companies exhibit strong financial health and promising project pipelines amidst favorable gold prices currently over $3,300 per ounce. Newmont is noted for its strategic growth investments and strong dividend yield, while Kinross showcases robust production capabilities and cash flow generation. Despite Kinross's higher stock performance this year, Newmont's valuation and dividend attractiveness may position it as the more favorable investment choice for potential shareholders.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Tesla is experiencing the largest loss among major companies in 2025, with a market cap decline of 29.3%, equating to $380 billion. This drop is attributed to falling electric vehicle demand, CEO Elon Musk's controversies, including recent clashes with President Trump, and a shift in market rank from eighth to tenth. Meanwhile, Microsoft has risen to the top spot in market capitalization due to high demand for AI services.
Source: YAHOO
Reported 2 months ago
JPMorgan Chase has implemented a strict policy where new analysts will be fired if they accept another job offer within 18 months after joining, as stated by CEO Jamie Dimon. This measure aims to deter graduates from engaging in unethical behavior by securing future roles while still in training, protecting the bank from potential conflicts of interest and confidential information leaks. The bank seeks to make internal career advancement more appealing amidst a competitive job market.
Source: YAHOO
Reported 2 months ago
Car buyers in the U.S. are facing rising vehicle prices due to stealth price increases implemented by automakers in response to President Trump's tariffs. While sticker prices appear unchanged, manufacturers are cutting rebates and increasing delivery fees, resulting in higher monthly payments for consumers. Analysts warn that significant price hikes are on the horizon as dealers deplete their pre-tariff inventories, and expected increases could lead to reduced sales and affordability challenges for buyers.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
Nippon Steel and the Trump administration have requested an 8-day pause in litigation to finalize a $14.9 billion acquisition of U.S. Steel. This request indicates both parties are nearing an agreement, following previous national security concerns raised during the Biden administration. Former President Trump expressed interest in facilitating this deal, although his comments have caused some confusion regarding its approval.
Source: YAHOO
Reported 2 months ago
BP has solidified its role in Azerbaijan's oil and gas industry with new agreements for the Shah Deniz gas field, terminal electrification, and solar power projects. These initiatives reflect BP's commitment to growth and sustainability, aiming to enhance production and reduce emissions. The company has also secured new exploration licenses in the Caspian Sea and plans significant projects that could boost global production significantly by 2030.
Source: YAHOO
Reported 2 months ago
US tariffs on steel and aluminium, now reaching 50%, pose a significant risk of job losses in Canada's metals industry, which is the largest supplier to the US market. The Aluminium Association of Canada and Unifor, the private sector union, express concerns over immediate impacts, with potential layoffs anticipated in various sectors, including auto and aerospace. In response, companies may diversify to Europe, while Canada's Prime Minister has indicated readiness to retaliate if negotiations with the US do not yield positive results.
Source: YAHOO