Reported 3 months ago
On May 30, Wall Street will focus on the release of April's Personal Consumption Expenditures (PCE) index, the Federal Reserve's key inflation measure, alongside a consumer sentiment report expected to show slight improvement. Economists forecast April PCE to rise by 0.1% and a consumer sentiment reading of 51.5, indicating a recent uptick in consumer confidence, while commentary from San Francisco Fed President Mary Daly will also be closely monitored.
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
In this opinion piece, Rick Newman discusses how former President Trump delegated the ambitious task of reducing federal bureaucracy to Elon Musk, but ultimately failed to support the necessary legislation for real change. Musk's efforts with the DOGE commission have resulted in minimal budget cuts, highlighting the challenges of reforming government structures and Trump's tendency to evade accountability for complex issues. As Musk steps back from DOGE, it becomes clear that Trump's promises of reform were more rhetorical than practical.
Source: YAHOO
Reported 3 months ago
US stocks closed higher with Nvidia's shares rising after strong quarterly results, despite a court's ruling that reinstated President Trump's sweeping tariffs. The market saw volatility as investors processed the news, particularly in light of the mixed outcomes of corporate earnings. While Nvidia's performance was upbeat, the company warned of potential impact from new export restrictions to China. Overall, the market remains cautious as trade tensions evolve and corporate earnings reports vary.
Source: YAHOO
Reported 3 months ago
Source: YAHOO
Reported 3 months ago
Chef Russell Jackson discusses his experiences in financing his restaurants, sharing insights on various funding methods including personal investments, equity partners, and SBA loans. He emphasizes the challenges faced by small business owners, especially in the restaurant industry, and offers advice on perseverance amid adversity while also promoting the significance of community support and mentorship for aspiring entrepreneurs.
Source: YAHOO
Reported 3 months ago
OpenAI is seeking to maintain its countersuit against Elon Musk, arguing that his effort to dismiss their claims lacks factual basis. The countersuit alleges Musk engaged in fraudulent business practices related to a contested $97.4 billion takeover bid. Musk's previous lawsuit accused OpenAI of deviating from its original mission when transitioning to a for-profit model, while OpenAI claims Musk's actions represent a pattern of harassment and aims to quash further unlawful conduct.
Source: YAHOO
Reported 3 months ago
Costco Wholesale reported third-quarter revenue that fell below analyst expectations, prompting the company to adjust its supply chain to mitigate the effects of U.S. tariffs. Unlike larger competitor Walmart, Costco stated that raising prices would be a last resort. Despite challenges from reduced consumer sentiment and rising costs, the company saw an 8% increase in same-store sales and reported quarterly revenue of $61.96 billion, but this was below the anticipated $63.19 billion. Still, Costco's private label products and bulk buying trends contributed to a slight earnings beat.
Source: YAHOO
Reported 3 months ago
Analyst Gil Luria claims that Salesforce has 'overcorrected' by concentrating intensely on artificial intelligence (AI), while its other business areas are rapidly declining. This shift in focus has led to concerns about losing market share to competitors such as HubSpot and Shopify. Luria suggests that Salesforce should redirect its attention to its core business sectors to regain momentum.
Source: YAHOO
Reported 3 months ago
Zscaler has appointed Kevin Rubin as its new Chief Financial Officer, succeeding Remo Canessa, who retired in December. The cloud security company also raised its fiscal 2025 revenue forecast to between $2.659 billion and $2.661 billion, reflecting increased spending by businesses on cybersecurity solutions in response to growing online threats. Zscaler's shares rose nearly 5% following the announcement.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Meyer Burger, the Swiss solar panel manufacturer, has shut down its factory in Goodyear, Arizona, laying off all 282 workers due to financial difficulties. This move poses challenges for the U.S. solar industry’s aim to develop a domestic supply chain and lessen dependency on Chinese imports, especially as Congress considers phasing out clean energy incentives. The company's operations faced stiff competition from cheaper Asian products, leading to earlier cancellations of plans for a second factory in Colorado.
Source: YAHOO
Reported 3 months ago
The White House is considering a strategy to tackle a significant backlog of small refinery requests for exemptions from U.S. biofuel regulations, including potentially approving many outstanding applications and gathering industry feedback on older ones. With over 160 exemption requests pending—which could impact billions in tradable credits—the administration aims to balance the interests of the oil and agricultural sectors while managing the financial ramifications for the biofuel credit market.
Source: YAHOO
Reported 3 months ago
The Trump administration has introduced four essay questions for federal job applications, focusing on applicants' views on executive orders and government efficiency. These changes apply to positions starting at the GS-5 pay scale, including nursing and firefighting roles. The memo from the Office of Personnel Management emphasizes political alignment and personal commitment to the Constitution, which some experts criticize as partisan and potentially hindering the recruitment of qualified candidates. The aim is to streamline hiring while ensuring applicants' alignment with current administration values.
Source: YAHOO
Reported 3 months ago
A little-known tax provision in Donald Trump's extensive tax-and-spending bill is raising alarms in financial markets. Under Section 899, the proposal seeks to impose higher tax rates on foreign investments perceived as benefiting from unfair tax treatments. Analysts warn this could deter foreign investors, further damaging confidence in U.S. Treasury bonds and the dollar, amidst ongoing trade tensions and legal restrictions impacting Trump's policies.
Source: YAHOO
Reported 3 months ago
Costco Wholesale announced its third-quarter fiscal 2025 results, revealing a revenue of $63.21 billion, slightly surpassing analysts' estimates of $63.19 billion. The net income remained stable at $1.9 billion, with an earnings per share of $4.28, reflecting a solid performance compared to the previous year.
Source: YAHOO
Reported 3 months ago
On May 29, 2025, major US stock indexes experienced a rally that fizzled out due to uncertainty following a U.S. court's decision to block many of President Trump's tariffs. The S&P 500 rose by 0.4%, the Dow Jones increased by 0.3%, and the Nasdaq composite also gained 0.4%. Despite a positive reaction from Asian markets earlier in the day, concerns loomed as the White House announced plans to appeal the ruling. Overall, the S&P 500 has risen 1.9% for the week but remains up only 0.5% for the year.
Source: YAHOO
Reported 3 months ago
A U.S. appeals court has reinstated President Trump's tariffs, leading to confusion in the markets after a trade court had previously blocked most of these tariffs. This back-and-forth reflects the chaotic nature of U.S. trade policy recently, with Trump’s tariff announcements causing market volatility. Despite the reinstatement, U.S. stocks showed little reaction, with analysts suggesting that the true impact of these court rulings may be minimal, as the market has adapted to frequent tariff changes.
Source: YAHOO
Reported 3 months ago
Dell Technologies reported stronger-than-expected Q2 revenue amidst mixed first-quarter results, surpassing Wall Street's revenue estimates of $25.35 billion by projecting $28.5 to $29.5 billion. The company's server and networking business thrived, fueled by increasing AI server demand, while consumer revenue saw a decline. Following the announcement, Dell's stock jumped over 7% in after-hours trading.
Source: YAHOO
Reported 3 months ago
This article explores the comparison between the sizes of major trucking fleets and well-known fast food chains, revealing that while McDonald's has over 13,000 locations, fleets like J.B. Hunt and Schneider National match their size. Furthermore, it highlights that Subway leads as the fastest growing chain with 19,000 locations, comparable to the large Knight-Swift fleet. The discussion also touches on the diversity of fleet sizes among other popular fast food brands and their relative position to shipping companies.
Source: YAHOO
Reported 3 months ago
Wall Street saw mixed movements on Thursday as traders reacted to the ongoing uncertainty surrounding President Trump's tariff policies, following a federal court ruling that questioned the legality of his tariff imposition. Although the Dow closed up by 117 points and stocks initially rose, investor enthusiasm waned as the potential for future tariffs remains. Analysts caution that while some economic pain from tariffs lingers, further market volatility is expected as the situation develops.
Source: YAHOO
Reported 3 months ago
U.S. stocks climbed on Thursday as investors reacted positively to Nvidia's earnings report, while also navigating ongoing tariff uncertainties. The S&P 500 and Nasdaq each rose about 0.4%, and the Dow gained around 0.3%. Despite concerns about tariffs, Nvidia's strong first-quarter results provided a boost, although the company warned of potential revenue losses due to U.S. export restrictions to China. A federal court temporarily reinstated President Trump's tariffs, adding to the market's volatility and investor speculation on future trade policies.
Source: YAHOO
Reported 3 months ago
President Trump's tariffs, which have sparked worries about an impending recession and rising inflation, face a significant challenge after a federal court ruled he may have overstepped his authority in imposing many of them. While some tariffs may remain in place as appeals proceed, there's potential for a decrease in recession risks should the court’s outcome ultimately block certain tariffs. The economic landscape remains uncertain, as higher tariffs are generally expected to increase consumer prices, though the exact impact on inflation remains debatable among economists.
Source: YAHOO
Reported 3 months ago
The US dollar declined sharply on Thursday due to disappointing economic data and ongoing trade uncertainty, as a court temporarily halted aspects of the Trump administration's tariffs. A rise in jobless claims and a contraction in GDP contributed to investor jitters, leading to the dollar's drop against major currencies, especially the euro. Analysts suggest the trade policy's unpredictable nature is affecting market confidence and anticipate further decline for the dollar unless improvements in the economic outlook are realized.
Source: YAHOO
Reported 3 months ago
Revised data shows the U.S. economy shrank 0.2% in the first quarter, an improvement from the previously reported 0.3%. This decline was largely driven by a surge in imports as consumers rushed to buy goods before new tariffs took effect. Although GDP figures improved, consumer spending was revised downward.
Source: YAHOO