Reported 4 months ago
Saudi Aramco reported a 5% drop in first-quarter profits to $26 billion due to the economic uncertainty caused by Donald Trump's trade war, leading to decreased oil prices and a cut in dividends. This decline mirrors similar patterns at other oil companies like Shell and BP, putting additional pressure on Saudi Arabia's efforts to diversify its economy away from oil dependence as Trump prepares for a visit to the Middle East aimed at securing investment deals.
Source: YAHOO
Reported 4 months ago
U.S. Treasury Secretary Scott Bessent reported substantial progress in trade discussions with Chinese Vice Premier He Lifeng in Geneva, aimed at resolving the ongoing trade war. He plans to share further details following conversations with President Trump, while U.S. Trade Representative Jamieson Greer noted that the differences between the two nations may be less significant than previously believed.
Source: YAHOO
Reported 4 months ago
Despite the US oil industry's strong support for Trump's presidency, many executives are growing frustrated as falling crude prices and trade policies disrupt their operations. Tariffs have increased equipment costs at a time when oil prices have dipped, risking the viability of new drilling ventures. While some in the industry recognize the broader economic benefits of low oil prices for consumers, the financial strain on independent producers is leading to calls for a reevaluation of trade policies that undermine their profitability.
Source: YAHOO
Reported 4 months ago
Market analyst Jeff Walton suggests that MicroStrategy, recently rebranded as Strategy, may soon qualify for the S&P 500 based on predicted strong earnings in Q2. With a reported $5.8 billion gain in Bitcoin holdings and a record stock offering boosting reserves, the company is in a solid position despite prior losses. Walton's forecast indicates potential market reactions that could further amplify the company's stock value and Bitcoin prices, emphasizing the importance of positioning for these developments.
Source: YAHOO
Reported 4 months ago
Microsoft and OpenAI are in challenging negotiations regarding their partnership, as reported by the Financial Times. OpenAI is restructuring to establish a for-profit public benefit corporation while its nonprofit board retains control. Microsoft, having invested $13 billion in OpenAI, is crucial for approving this change, particularly concerning the equity it will receive in the new entity. Furthermore, the companies are revisiting their contract, with Microsoft potentially sacrificing some equity for access to future OpenAI technology amidst a growing competitive landscape.
Source: YAHOO
Reported 4 months ago
The article discusses three promising biotech companies—Axsome Therapeutics, Iovance Biotherapeutics, and Viking Therapeutics—that are seen as potential future 'monster stocks.' Axsome is gaining momentum with strong revenue growth, particularly from its depression treatment, Auvelity. Iovance aims to innovate cancer treatment with its tumor-infiltrating lymphocyte therapies, demonstrating rapid sales growth. Viking is making strides in the anti-obesity market with its drug VK2735 and other pipeline products. Each company presents unique opportunities despite potential risks.
Source: YAHOO
Reported 4 months ago
In this article, the author explores how ChatGPT can simplify complex concepts by asking it to explain credit scores in terms a 12-year-old would understand. ChatGPT likens a credit score to a school grade, detailing its importance in borrowing money and providing a straightforward plan for building credit, including tips like using a credit card responsibly, making timely payments, and keeping older accounts open.
Source: YAHOO
Reported 4 months ago
A recent study by Avenues Financial highlights the growing demand for financial literacy among Americans, revealing the most searched financial terms, including FAFSA, credit card, and mortgage. The analysis indicates that FAFSA alone has over 3.38 million monthly searches, reflecting the common need for student financial aid. The study also ranks states by per-capita financial searches, with Maryland leading in per capita inquiries, while California and Texas dominate in overall search volume.
Source: YAHOO
Reported 4 months ago
Rivian Automotive's stock has dropped over 90% since its IPO, trading below $15 amid stagnant delivery figures and competition in the EV sector. While the company plans to launch a cheaper model, the R2 SUV, in 2026 to boost sales, it currently faces challenges with low demand and a negative cash flow of $1.8 billion. Despite having cash resources and a record gross margin, Rivian needs to significantly increase its deliveries to become financially viable, making its stock a risky investment for now.
Source: YAHOO
Reported 4 months ago
Missouri is on the verge of potentially becoming the first U.S. state to eliminate capital gains tax entirely through House Bill 594, which awaits Governor Mike Kehoe's approval. If signed, the bill would provide a 100% income tax deduction on profits from assets like Bitcoin and XRP, benefiting investors and real estate stakeholders alike. Currently, capital gains in Missouri are taxed as ordinary income, subject to a progressive rate. This proposal follows President Trump's federal tax reform suggestions, as all eyes turn to Governor Kehoe for a decision that could make Missouri highly favorable for investors.
Source: YAHOO
Reported 4 months ago
Dana George discusses her meticulous planning for retirement, emphasizing the importance of budgeting and preparing for potential cuts in Social Security benefits. With an anticipated monthly benefit of around $2,000, she details her income sources, including a pension, retirement account withdrawals, and her own income, which she conservatively doesn't rely on due to uncertainties. George advises others to create a realistic budget that accounts for the possibility of reduced Social Security payments and underscores that planning ahead is crucial for financial stability in retirement.
Source: YAHOO
Reported 4 months ago
Archer Aviation, a startup in the eVTOL (electric vertical takeoff and landing) aircraft market, is facing significant challenges as it remains in pre-production, burns through cash, and dilutes shareholder value through fundraising efforts. Trading below $9, the stock seems appealing at first glance but is deemed risky and overvalued given its zero revenue, high cash burn rate, and reliance on future regulatory approvals. Despite a substantial order backlog, expert analysis suggests that potential investors should be cautious as the company has not yet demonstrated its products’ viability.
Source: YAHOO
Reported 4 months ago
Duolingo's stock has surged 54% in 2025, outpacing the S&P 500 amid ongoing trade tensions. The company is poised for growth with increasing digital subscriptions free from tariff impacts, and AI features bolstering user engagement. Despite this impressive performance and positive revenue outlook, concerns linger over high valuations, raising the question of whether it's too late to invest.
Source: YAHOO
Reported 4 months ago
Investors are looking ahead to important inflation data releases this week, including the Consumer Price Index (CPI) and Producer Price Index (PPI), following a slight decline in stocks after the Federal Reserve maintained interest rates and amid ongoing trade discussions, particularly with China and the UK. As inflation pressures are expected to reveal the economic impact of recent tariffs, market analysts are watching closely for changes in consumer prices, which could influence Federal Reserve policy amid concerns of stagflation.
Source: YAHOO
Reported 4 months ago
In anticipation of potential tariffs, companies have been stockpiling inventory at varying levels, reflecting a strategy to mitigate impact. Analysts estimate that firms have accumulated about 1 to 2 months' worth of additional inventory, as shipments surged prior to tariff announcements. However, some market analysts express skepticism regarding whether retail inventories are adequately stocked, suggesting that consumer demand has also spiked as purchases are pulled forward. Overall, the future remains uncertain as companies navigate tariff impacts and fluctuating economic conditions.
Source: YAHOO
Reported 4 months ago
Warren Buffett, revered as one of the greatest investors, shares valuable principles for financial success, including never losing money, seeking high value for low prices, forming positive money habits, avoiding debt, particularly credit card debt, and maintaining cash reserves. He emphasizes self-investment, continual learning about personal finance, trusting low-cost index funds, giving back to the community, and viewing money as a long-term game. His insights guide individuals toward better investment decisions and financial security.
Source: YAHOO
Reported 4 months ago
To ensure a legacy of wealth for future generations, it's essential to teach children financial literacy, budgeting, and the value of saving early on. Experts recommend focusing on budgeting, understanding credit, investing wisely, encouraging entrepreneurial thinking, and reinforcing family values around wealth to cultivate a responsible financial mindset. Open discussions about money and the importance of philanthropy can lead to a richer, more impactful family legacy.
Source: YAHOO
Reported 4 months ago
As Warren Buffett prepares to step down as CEO of Berkshire Hathaway, his investment wisdom remains invaluable. Among his five key lessons are the importance of viewing stocks as businesses, investing in American companies, and the strategy of buying great companies at fair prices. He emphasizes the value of emotional control in investing, encouraging long-term holding of stocks rather than reacting to short-term market fluctuations. These principles reflect Buffett's decades of success in the stock market.
Source: YAHOO
Reported 4 months ago
OpenAI is in negotiations with Microsoft to revise their multibillion-dollar partnership, focusing on equity stakes and access to new AI technologies as it prepares for a potential IPO. Microsoft has invested over $13 billion and is considering giving up some equity for future innovations. The discussions include updating earlier agreements made after Microsoft’s initial $1 billion investment in 2019.
Source: YAHOO
Reported 4 months ago
On the second day of tariff discussions, US and China remain at a standstill, although President Trump claims 'great progress' has been made.
Source: YAHOO
Reported 4 months ago
The U.S. and China have restarted important tariff negotiations that have been causing concern for the global economy, although both sides seem to have differing perspectives on the current status of the discussions.
Source: YAHOO
Reported 4 months ago
The U.S. and China resumed tariff negotiations in Geneva, entering their second day with President Trump claiming 'great progress' despite a lack of breakthroughs. While Trump suggested a possible 'total reset' of the talks, China maintained a firm stance against any proposals that compromise its principles. The discussions are seen as critical for stabilizing global markets amid the ongoing trade war, with tariffs reaching alarming levels on both sides.
Source: YAHOO
Reported 4 months ago
President Trump reported positive developments in US trade discussions with China, highlighting an encouraging meeting held in Switzerland. As negotiations progress, speculations arise about potentially reducing tariffs on Chinese goods, with Trump indicating an 80% tariff rate could be appropriate. The talks seek to mitigate ongoing trade tensions, aiming to establish a mutually beneficial agreement amid fluctuating market sentiments and previous trade conflicts.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
In an effort to rejuvenate its struggling economy, Puerto Rico is actively seeking to attract international manufacturing companies to the island, capitalizing on exemption from tariffs due to the ongoing U.S.-China trade war. With around 75 to 100 companies in sectors like pharmaceuticals and aerospace considering relocation, local officials are promoting the benefits of setting up operations in Puerto Rico while addressing challenges such as chronic power outages and competition from other countries. The government is making concerted efforts to leverage its U.S. status and skilled workforce to entice investment and stimulate growth.
Source: YAHOO