Reported 8 days ago
Alphabet's shares climbed over 1% after CEO Sundar Pichai highlighted the company's focus on artificial intelligence during a podcast, stating that their AI platform, Gemini, is integrated into Google search. This news outperformed the S&P 500 index and reassured investors of Alphabet's competitiveness in the evolving AI landscape.
Source: YAHOO
Reported 8 days ago
The United States has lost its top credit rating for the first time, dropping to Aa1 from Aaa due to concerns over rising debt levels and the impact of President Trump's proposed tax cuts. Moody's cited the U.S. government's increasing debt and interest ratios as reasons for the downgrade, which adds pressure to the nation's fiscal stability. Additionally, Trump's tax proposals could worsen the budget deficit significantly over the next decade, leading to higher borrowing costs and risking further downgrades.
Source: YAHOO
Reported 8 days ago
Iovance Biotherapeutics experienced a nearly 6% drop in its stock value following an analyst downgrade from UBS's David Dai, who revised his recommendation from 'buy' to 'neutral' and lowered his price target from $17 to $2. The downgrade came after the company's recent quarterly earnings report, which revealed disappointing sales for its advanced melanoma drug, Amtagvi, and raised concerns over patient selection and commercialization pace.
Source: YAHOO
Reported 8 days ago
Moody's downgraded the United States' credit rating from Aaa to Aa1 due to escalating debt levels and higher interest costs compared to similar countries. This decision arrives amidst political gridlock in Congress over President Trump's proposed tax cuts, which could significantly increase the national debt. Financial experts warn this downgrade reflects a concerning outlook on U.S. fiscal policies and potential long-term consequences for borrowing costs.
Source: YAHOO
Reported 8 days ago
The U.S. Supreme Court has temporarily blocked President Trump's attempt to expedite the deportation of Venezuelan migrants under the Aliens Enemies Act. Bloomberg's Sara Forden discusses the implications of this ruling, which centers on due process, in her conversation with Kailey Leinz and Joe Mathieu on 'Balance of Power.'
Source: YAHOO
Reported 8 days ago
Pending charges on credit cards are pre-authorized transactions that have not yet been fully processed by the merchant, typically clearing within three days but sometimes taking longer. Various industries, such as hotels and car rentals, often impose temporary holds on cards for potential incidental expenses. If issues arise with a pending charge, they should be addressed directly with the merchant, as card issuers generally won't resolve disputes until the charge is finalized.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Rhino Resources和Halliburton在纳米比亚的石油勘探许可85下的2914区块成功完成了首两口勘探井，这是首次完全利用本国基础设施进行建设，标志着该地区能源开发的新里程碑。此次成功展示了纳米比亚海上盆地的吸引力，并有望支持国家未来作为非洲能源中心的发展。
Source: YAHOO
Reported 8 days ago
Rep. Raja Krishnamoorthi (D-IL) addresses Moody's downgrade of the U.S. credit rating from AAA to AA1, linking it to the proposed tax bill. He shares insights on potential bipartisan efforts to raise the debt ceiling, expectations for the Senate's handling of the tax bill, and comments on past agreements during President Trump's Middle East trip, during an interview on Bloomberg's 'Balance of Power.'
Source: YAHOO
Reported 8 days ago
Nordstrom Inc. shareholders have given their approval for the company's transition to private ownership, as announced in a recent SEC filing. This decision was anticipated and followed a virtual meeting of shareholders. The privatization deal, valued at approximately $6.25 billion, will give the Nordstrom family a controlling interest while allowing the company to operate with less pressure from public markets. As they aim to revamp their business strategies and enhance customer offerings, the Nordstrom brothers anticipate continued focus on growth and digital expansion in their store operations.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Federal appeals court judges in Washington are deliberating on the Trump administration's efforts to significantly downsizing the Consumer Financial Protection Bureau (CFPB) amid a legal battle initiated by a workers' union. The judges are evaluating the government's appeal against a lower court ruling that temporarily blocked the firing of most CFPB employees. Critics, including Democrats, have accused the administration of attempting to undermine the agency created to protect consumers from predatory lending, while the administration defends its actions as lawful policy changes.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Coinbase Global Inc. has surged 34% this week, driven by its inclusion in the S&P 500 Index, despite facing challenges from a significant hack and an ongoing regulatory investigation. While the announcement boosted confidence in the company, the recent hack, projected to cost $400 million, and scrutiny from U.S. regulators cast a shadow on its progress, leading to a 7.2% drop in stock price. Analysts remain optimistic about the long-term outlook, suggesting strong demand from funds tracking the index will support the stock.
Source: YAHOO
Reported 8 days ago
Foreign holdings of US Treasuries surged to a record high of $9.05 trillion in March, marking a $233 billion increase from February, driven by strong demand for US government debt. Japan remains the largest holder, while China has reduced its investments. Despite a sell-off caused by trade tensions, foreign investor interest in US Treasuries continued, although uncertainties remain due to the Trump administration's tariffs.
Source: YAHOO
Reported 8 days ago
CoreWeave Inc. experienced a remarkable 22% increase in share price, reaching a record high on Friday after Nvidia Corp. announced a larger stake than expected in the cloud-computing firm. Nvidia now holds 7% of CoreWeave's outstanding stock, reflecting its support during CoreWeave's initial public offering. Despite recent financial losses, CoreWeave is expanding to meet the rising demand for AI computing, significantly benefiting from Nvidia's supply of crucial data center components.
Source: YAHOO
Reported 8 days ago
Meta Platforms experienced a 0.6% decline in stock price after a media report revealed that the launch of its artificial intelligence project, 'Behemoth,' has been postponed to at least fall. Investors reacted negatively to the news, which indicated that the company's engineers were facing challenges in enhancing the AI model's functionalities, initially set for release at a conference in April. Despite this setback, Meta continues to thrive due to its strong social media offerings.
Source: YAHOO
Reported 8 days ago
This article discusses various alternatives to traditional personal loans for those with bad credit. Options such as credit cards, peer-to-peer loans, home equity loans, buy now pay later plans, and loans from friends or family can provide more affordable funding solutions. Each method has its own advantages and risks, emphasizing the importance of choosing wisely and considering long-term financial health.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Long-term care costs can significantly disrupt retirement plans, with a study by Morningstar revealing that household retirement failure rates are 41% when these costs are considered, compared to 26% when they are excluded. Women, particularly single women, are at a higher risk of running out of money due to these expenses. As Americans age, the need for long-term care is expected to rise, yet many aren't prepared, as Medicare does not cover such costs. Advisors recommend planning early, considering long-term care insurance, and exploring alternatives like reverse mortgages or life insurance policies with care riders.
Source: YAHOO
Reported 8 days ago
Source: YAHOO
Reported 8 days ago
After a lackluster response to its quarterly earnings report, Walmart's stock rebounded with a 3% gain, outpacing the S&P 500's growth. Analysts quickly published optimistic updates, including raised price targets and strong assessments of the company's performance, particularly in U.S. same-store sales. Despite concerns over tariffs affecting finances, Walmart's management continues to demonstrate growth potential, making it a solid long-term investment.
Source: YAHOO