Reported 3 months ago
Despite a 2% drop in credit card debt reported by the Federal Reserve Bank of New York, experts, including Bankrate's Ted Rossman, urge caution. They highlight the potential economic stress indicated by persistently high revolving debt levels and the ongoing spike in household debt, particularly from student loans. While some Americans are managing to pay off their balances, many are still struggling with high-interest rates, leading to increased demand for credit counseling services.
Source: YAHOO
Reported 3 months ago
Analyst Samik Chatterjee from JP Morgan suggests that Hewlett Packard Enterprise (HPE) and NetApp (NTAP) are better positioned to handle potential tariff risks and demand uncertainties compared to HP Inc. and Dell Technologies ahead of their earnings reports. He anticipates conservative earnings, with Dell benefiting from robust AI spending despite broader economic moderation. HPE is expected to show solid results due to favorable guidance, while NTAP may experience slight revenue growth despite a challenging macroenvironment. Overall, the upcoming earnings reports will be closely tied to management's strategies to mitigate risks.
Source: YAHOO
Reported 3 months ago
Oracle Corporation plans to spend around $40 billion on Nvidia's GB200 chips to establish a data center in Abilene, Texas, for OpenAI, aimed at enhancing the US’s position in the AI sector. The center, part of the Stargate Project, is expected to be operational by mid-2026 and will help reduce OpenAI's dependency on Microsoft for computing resources.
Source: YAHOO
Reported 3 months ago
The recent successful IPOs of eToro, MNTN, and Hinge Health are bringing optimism to tech investors and startups, according to Brianne Lynch from EquityZen. She discusses the ongoing role of the secondary market as a liquidity option in the tech industry on 'Bloomberg Technology' with Caroline Hyde.
Source: YAHOO
Reported 3 months ago
Williams-Sonoma, Inc. has reported a revenue increase of 4.2% year-over-year, outperforming expectations alongside positive earnings per share. Analysts are optimistic about the company's future, predicting over 50% upside potential as housing markets stabilize, despite current tariff-related challenges. Firm forecasts for fiscal 2025 indicate stable sales growth, with upgrades in earnings projections reflecting confidence in their long-term outlook.
Source: YAHOO
Reported 3 months ago
This article outlines 25 strategies for generating passive income in 2025, emphasizing the importance of diversifying income streams amidst economic challenges. From writing e-books and selling photography to investing in dividend stocks and creating online courses, these ideas provide various opportunities for individuals seeking additional financial security. Each option is accompanied by potential risks and rewards, aiming to help readers choose the best approach for their personal circumstances.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Ethereum's current trading value is approximately 45% lower than its peak, reflecting institutional investors' preference for Bitcoin as a safer store of value during economic uncertainty. While Ethereum offers utility in decentralized applications and smart contracts, its recent underperformance is attributed to a decline in network usage and revenue, particularly following the NFT market's slump. As Bitcoin continues to thrive, Ethereum seeks a revival through renewed blockchain adoption and an uptick in risk appetite.
Source: YAHOO
Reported 3 months ago
Fair Isaac Corp. saw its shares plunge by 21.9% this week after Federal Housing Finance Agency (FHFA) Director Bill Pulte criticized the company's recent price hikes for credit reports and announced a review of the necessity for multiple credit scores in mortgage applications. Although analysts suggest this may present a buying opportunity due to the broad use of FICO scores and related software services, concerns about reduced demand from potential changes in mortgage scoring practices remain.
Source: YAHOO
Reported 3 months ago
Analog Devices reported a strong fiscal second-quarter performance with a 22% revenue increase, reaching $2.64 billion, surpassing expectations. Despite positive results, the company's stock fell over 4% as concerns about operating margins arose due to rising variable compensation and salary costs. Analysts remain mixed in their ratings, noting continued cyclic recovery in the industrial sector, but caution about potential declines in automotive revenue and overall second-half demand.
Source: YAHOO
Reported 3 months ago
Gil Luria, Managing Director at D.A. Davidson, suggests that Apple should leverage the potential for U.S. iPhone manufacturing in five years as a negotiation tactic with the Trump administration, during an interview on 'Bloomberg Technology.'
Source: YAHOO
Reported 3 months ago
Apple CEO Tim Cook's efforts to mitigate the impact of tariffs by shifting production from China to countries like India and Vietnam have not provided sufficient protection against President Trump's renewed tariff threats. Following Trump's demand that iPhones sold in the U.S. be manufactured domestically or face a 25% tariff, Apple watched its market capitalization drop by over $100 billion. Despite significant investments in U.S. operations and increased overseas production, analysts warn that the feasibility of manufacturing iPhones in the U.S. remains low, potentially leading to unsustainably high prices for consumers.
Source: YAHOO
Reported 3 months ago
Source: BARRONS
Reported 3 months ago
Stocks of Fluor Corp., Centrus Energy, and Denison Mines experienced significant gains after President Trump signed four executive orders aimed at accelerating the growth of nuclear power in the U.S. The new regulations are designed to streamline the approval process for new reactors and boost uranium mining and fuel supply chains, with the goal of quadrupling nuclear capacity within 25 years to meet rising electricity demand, largely driven by advancements in artificial intelligence.
Source: YAHOO
Reported 3 months ago
President Trump escalated his trade war on Friday by threatening Apple and the European Union with severe tariffs. He announced a potential 25% tariff on non-US-made iPhones and a staggering 50% tariff on EU imports starting June 1, 2025. Trump emphasized that American companies like Apple must manufacture products domestically to avoid these tariffs, while also indicating that other smartphone manufacturers could be affected. This marks a significant turn in the trade relationship between the US and its trading partners, as tensions rise amidst stalled negotiations.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
A report from UTXO Management and Bitwise Asset Management predicts that over $400 billion in institutional capital will flow into Bitcoin by the end of 2026, with $120 billion expected in 2025 alone. This surge is driven by strategic initiatives from both states and companies, as geopolitical instability and inflation prompt more entities to adopt Bitcoin as a treasury asset and store of value.
Source: YAHOO
Reported 3 months ago
President Donald Trump warned that a potential 25% tariff on imported Apple smartphones would also be imposed on Samsung products unless the company relocates its production to the United States.
Source: YAHOO
Reported 3 months ago
Starting May 30, 2025, creditors of FTX will be able to claim their share of a $5 billion payout, following a three-year wait since the exchange's collapse in 2022 due to fraud and mismanagement by its founder, Sam Bankman-Fried. Approved distribution agents like BitGo and Kraken will facilitate the transfer of funds to eligible clients who must complete several verification steps before receiving their payouts. Those with claims over $50,000 can expect to receive 72.5% of their initial claim in the first round of distributions.
Source: YAHOO
Reported 3 months ago
Source: INVESTORS
Reported 3 months ago
Oracle is set to purchase approximately $40 billion worth of Nvidia's high-performance chips to support OpenAI's new data center in Texas. This initiative is part of the U.S. Stargate Project aimed at enhancing the country's position in the AI industry. The center, expected to be operational by mid-2026, will allow OpenAI to decrease reliance on Microsoft while Oracle enhances its cloud services to compete with tech giants.
Source: YAHOO
Reported 3 months ago
Peter Cecchini, Principal and Head of Research at Axonic Capital, emphasizes the growing risk of uncertainty due to tariffs and current fiscal conditions, asserting that greater fiscal austerity is essential. He discusses these insights in an interview with Vonnie Quinn on "Real Yield."
Source: YAHOO