Reported 2 months ago
Treasury Secretary Scott Bessent reassured that the US will never default as the deadline for raising the federal debt ceiling approaches. In an interview, he emphasized that the government is on the right track to meet its obligations, dismissing concerns about a potential bond market failure voiced by JPMorgan's Jamie Dimon. Meanwhile, complex negotiations surrounding President Trump's tax and spending bill could influence the outcome, with the US Senate set to address the issue this week.
Source: YAHOO
Reported 2 months ago
XRP, after peaking at $3.31 in January 2025, has seen a significant drop of 34% to $2.18 as of May 30, amid economic uncertainty and limited support for cryptocurrencies from the current administration. Despite its strong performance post-2024 elections, investors now face a dilemma regarding its future trajectory. While some believe it may be a wise move to buy at this dip, they also acknowledge the possibility of further declines. Keeping a strategy of dollar-cost averaging could be beneficial for those looking to invest in XRP for the long term.
Source: YAHOO
Reported 2 months ago
New cannabis companies encounter significant financial barriers due to the federal illegality of marijuana, which restricts access to traditional banking services and credit. As outlined by Erin Gore, founder of Garden Society, entrepreneurs in this industry struggle with securing loans, retirement plans, and other financial services, impacting their operations and growth. Despite the burgeoning cannabis market, legislative hurdles, like the stalled SAFE Banking Act, continue to pose challenges, forcing business owners to adopt creative financing strategies to ensure sustainability.
Source: YAHOO
Reported 2 months ago
Big Tech is once again boosting the S&P 500, with a strong earnings season led by companies like Nvidia and Microsoft, contributing significantly to the market's rebound. Despite initial fears of tariffs and overvaluation, analysts remain optimistic about continued growth in tech, fueled by robust demand and advancements in artificial intelligence. The Magnificent Seven stocks, which comprise a third of the S&P 500, are leading the rally, although some key players like Apple and Amazon face challenges. Overall, investors are hopeful for a sustained recovery through the rest of the year.
Source: YAHOO
Reported 2 months ago
In response to Tesla CEO Elon Musk's recent comments urging acceleration of U.S. GDP growth amidst fiscal concerns, Bitwise CEO Hunter Horsley emphasized the critical role Bitcoin could play in this landscape. With the U.S. grappling with a $36.2 trillion debt and a downgraded credit rating, Musk advocates for radical productivity improvements to stabilize the economy. Horsley suggests that the anticipated monetary debasement could make Bitcoin increasingly valuable as a hedge against currency depreciation, especially as economic strategies potentially increase the money supply.
Source: YAHOO
Reported 2 months ago
E.l.f. Beauty, an affordable cosmetics brand, continues to rely on China for 75% of its products despite facing rising tariffs under President Trump's administration. CEO Tarang Amin emphasized the company's commitment to its Chinese supply chain, viewing it as a competitive advantage. Although e.l.f. plans to raise prices due to tariff impacts, they are exploring supply chain optimization and diversifying their business. The recent acquisition of Rhode, a skincare line, is part of this strategy. E.l.f. projects a $50 million annual cost increase due to tariffs but remains confident in its market growth.
Source: YAHOO
Reported 2 months ago
As summer begins, consider picking up a side hustle to boost your income, whether you're a student or already employed. This article highlights seven lucrative opportunities, including landscaping, moving, web design, pet sitting, online tutoring, food delivery, and officiating weddings, each capable of paying $1,000 a week or more based on your effort and time commitment.
Source: YAHOO
Reported 2 months ago
U.S. Treasury Secretary Scott Bessent is pushing for changes to a key regulatory requirement that affects banks' ownership of Treasurys, aiming to increase liquidity in the $30 trillion Treasury market, boost lending, and mitigate rising long-term borrowing rates. Bessent's proposal seeks to adjust the supplemental leverage ratio (SLR), which currently requires banks to hold capital against their Treasury investments, thereby hindering their ability to act as market intermediaries. With concerns over U.S. debt and market stability growing, Bessent, along with financial leaders like JPMorgan's Jamie Dimon, believes that easing these rules will strengthen the financial system.
Source: YAHOO
Reported 2 months ago
Kevin O’Leary, a prominent figure in cryptocurrency investment, asserts that the tumultuous era of crypto scams is behind us, as many previous offenders face legal consequences. At a recent conference, he expressed confidence in the sector's future, emphasizing the significance of stablecoins, which are seen as less volatile and more regulated. O’Leary supports upcoming legislation aimed at enhancing the stability and oversight of cryptocurrencies, yet concerns persist among critics about the potential risks posed by inadequate regulation in the crypto landscape.
Source: YAHOO
Reported 2 months ago
European stocks have surged ahead of global markets, demonstrating resilience as US trade policies negatively impact domestic financial conditions. With eight of the world's top ten best-performing stock markets located in Europe, including notable gains in Germany and smaller economies like Slovenia and Poland, investors are increasingly drawn to the region's favorable economic outlook and robust corporate earnings. Despite ongoing uncertainty in global trade, European markets appear poised for significant growth, attracting fresh investments as concerns about US fiscal health heighten.
Source: YAHOO
Reported 2 months ago
Billionaire investor David Tepper has raised his investment in Meta Platforms, highlighting the company's promising AI initiatives. Despite economic uncertainties, Meta's advancements in AI and its massive user base create potential for significant revenue growth, with analysts suggesting the company could reach a $3 trillion market cap by 2030.
Source: YAHOO
Reported 2 months ago
This week, Broadcom stands out as a strong buy thanks to its favorable earnings forecast driven by AI and software growth, while Lululemon is advised to be sold due to anticipated poor earnings and concerns about consumer spending. With a robust outlook, Broadcom's earnings report is expected to show significant growth, contrasting sharply with Lululemon's troubles amid increased competition and disappointing market conditions.
Source: YAHOO
Reported 2 months ago
To enhance your investment portfolio, diversifying with real estate and emerging technologies can be beneficial. Real estate offers stability as it often does not correlate with stock market trends and can provide passive income through rentals or REITs. Meanwhile, investing in emerging technologies like AI and blockchain allows you to tap into fast-growing sectors that could potentially yield high returns. Balancing these investments effectively can help manage risk and align with your financial goals.
Source: YAHOO
Reported 2 months ago
Pfizer has faced a significant downturn since 2022, with its stock down 56% and revenue from its COVID-19 products dropping sharply due to new U.S. regulations limiting vaccine recommendations. Despite a possible boost from its oncology division and cost-cutting measures, the company's financial outlook remains uncertain as it grapples with these challenges, leading analysts to suggest caution for investors.
Source: YAHOO
Reported 2 months ago
Losing a spouse is incredibly tough, especially when they are the primary provider for a family. This article outlines important steps for surviving spouses with children to ensure financial stability after such a loss. It emphasizes the need to assess financial assets, claim available benefits like Social Security and government assistance, and consider employment options that won’t jeopardize existing support. Moreover, it encourages emotional well-being by seeking community support and building an emergency fund.
Source: YAHOO
Reported 2 months ago
Suze Orman and other finance experts suggest maintaining a 12-month emergency fund, especially in light of increasing job instability in volatile industries like tech and automotive, the challenges faced by single-income households, and the uncertainties of freelance work. They argue that this larger safety net can help individuals better manage unexpected financial crises, job loss, or economic downturns, offering crucial support during tough times.
Source: YAHOO
Reported 2 months ago
Amid ongoing trade tensions and policy shifts, Wall Street investors are increasingly focused on the 'TACO' trade—an acronym for 'Trump Always Chickens Out'—which reflects skepticism about President Trump's commitment to tariffs. Despite initial optimism following some deescalation in U.S.-China trade, recent comments from Trump and plans to expand tech restrictions have reignited market volatility. This uncertainty has led to mixed reactions, with some investors benefiting from short-term trading while concerns grow that continued tariff rhetoric could lead to significant market repercussions.
Source: YAHOO
Reported 2 months ago
Rigetti Computing, with its shares soaring over 1,249% in the past year, is positioning itself in the burgeoning field of quantum computing, attracting investor interest due to recent technological advancements. However, the company's recent revenue drop of 52% and significant operational losses raise concerns about its long-term viability against competitors like D-Wave Quantum and Alphabet, who are capitalizing on faster growth and better funding. While Rigetti aims to monetize quantum computing through cloud services, experts suggest that potential investors should be cautious and consider alternative opportunities in the market.
Source: YAHOO
Reported 2 months ago
The Invesco QQQ Trust is highlighted as the best technology ETF to invest $2,000 in right now, due to its significant outperformance over the S&P 500 and its diversified exposure to the largest non-financial companies on the Nasdaq. With a strong total return of 404% over the past decade, this ETF benefits from various tech-driven trends including e-commerce and artificial intelligence. Investors should maintain a long-term perspective and be ready for market volatility, as the successful companies in the ETF are likely to thrive in their respective niches.
Source: YAHOO
Reported 2 months ago
Taiwan's central bank stated that U.S. government debt remains 'sound' and is still favored by investors, dispelling fears regarding the U.S. dollar's status as the leading reserve currency. Despite market fluctuations following U.S. tariff announcements, the bank emphasized the stability and liquidity of U.S. public debt, urging against speculation about foreign exchange rates, particularly as Taiwan's dollar appreciates.
Source: YAHOO
Reported 2 months ago
ChargePoint is focusing on building the infrastructure for electric vehicles but continues to face significant financial challenges, including ongoing losses despite improvements in profitability through cost-cutting measures. With a dependence on research and development funding, ChargePoint's cash reserves are dwindling, raising concerns about its ability to remain competitive in a rapidly evolving market. As the company struggles to achieve positive earnings, it is unlikely to turn the tide within the next year, making it a high-risk investment for potential buyers.
Source: YAHOO
Reported 2 months ago
In a recent analysis, Brian Sozzi critiques Wall Street's positive reception of Nvidia's latest earnings, which missed expectations despite strong AI chip demand. He argues that the significant loss of revenue from its China business, affected by export controls, is being overlooked. The mixed performance calls into question the future profitability of Nvidia, prompting a reconsideration of the consensus view on its stock.
Source: YAHOO
Reported 2 months ago
In the first quarter of 2025, Warren Buffett's Berkshire Hathaway sold its position in Nu Holdings, a stock that rose 196% over three years, opting instead to increase its investment in Constellation Brands, which is down 25%. Buffett's actions reflect his classic investment strategy of buying low and selling high, focusing on stable, well-established companies amidst economic uncertainties. While Nu has significant growth potential, rising risks in Brazil may have led Buffett to seek security in Constellation Brands, which offers steady dividends and is poised for long-term value.
Source: YAHOO
Reported 2 months ago
The article discusses the potential of Lucid Group (NASDAQ: LCID) to become a leading electric vehicle manufacturer, similar to Tesla. It highlights that while Lucid follows Tesla's successful growth strategy by starting with luxury models, significant growth will depend on its future entry into the mass market. The author cautions that the path to wealth via Lucid may be volatile, with a need for patience from investors, noting that the company's current market valuation suggests substantial long-term growth potential.
Source: YAHOO
Reported 2 months ago
To earn $100 a month from Medtronic dividends, you would need to invest approximately $34,286 (about 422 shares at $81.18 each). Medtronic's current dividend yield is 3.50%, and understanding dividend yield calculations is crucial for income-focused investors. Medtronic has a history of raising its dividends consecutively for 48 years, making it a potentially attractive long-term investment option.
Source: YAHOO