Reported 1 day ago
Student loan delinquencies surged in early 2025, with the US Department of Education resuming reports of missed payments, leading to 7.74% of student debt now classified as 90+ days delinquent. Experts express concern over potential spillover effects on other debts, including credit cards and auto loans, highlighting a rise in delinquencies across various loan products and emphasizing the financial distress faced by many households amid rising costs and reduced discretionary spending.
Source: YAHOO
Reported 1 day ago
Medtronic announced plans to separate its diabetes business into an independent entity due to recent struggles and regulatory issues, despite returning to growth with six consecutive quarters of double-digit growth. The new company will be led by Que Dallara, head of the diabetes unit, and aims for immediate profitability through tailored commercial strategies. The separation is expected within 18 months, following an initial public offering. Medtronic also forecasted lower-than-expected earnings for 2026, impacted by potential tariff challenges.
Source: YAHOO
Reported 1 day ago
The Social Security Administration's payment schedule is based on beneficiaries' birth dates, designating specific Wednesdays for payments each month. With nearly half of Americans over 50 facing credit card debt, rising interest rates are hindering retirement savings. Experts suggest strategies to manage debt, including negotiating lower rates, using balance transfer cards, and considering professional credit counseling, emphasizing the importance of proactive debt management.
Source: YAHOO
Reported 1 day ago
Lowe's reported a smaller-than-expected decline in first-quarter sales and stated its commitment to remain price competitive, despite the potential for price increases due to tariffs. CEO Marvin Ellison emphasized the company's strategy to protect market share against competitors like Home Depot, which aims to maintain stable prices. While both companies face challenges from tariff-related consumer sentiment drops affecting renovation projects, Lowe's has strategically invested in its operations, acquired Artisan Design for better alignment with professional builders, and diversified its supply chain to mitigate tariff impacts.
Source: YAHOO
Reported 1 day ago
Target has dramatically reduced its annual sales forecast due to a significant drop in same-store sales, as consumers cut back on discretionary spending amidst inflation and economic uncertainty fueled by tariffs and the company's controversial diversity policies. The retailer now anticipates a low-single-digit decline in sales, shocking analysts who expected modest growth, while facing increasing competition from rivals like Walmart and Costco.
Source: YAHOO
Reported 1 day ago
AI startup Crusoe has successfully raised $11.6 billion to expand its data center in Abilene, Texas, increasing the number of buildings from two to eight, bringing the total funding to $15 billion. Originally founded as a cryptocurrency company, Crusoe has shifted to AI infrastructure, receiving backing from Oracle for the construction and aiming to support OpenAI's needs for advanced AI tasks. The Abilene center is set to be the largest facility used by OpenAI, featuring 50,000 Nvidia AI chip systems in each new building.
Source: YAHOO
Reported 1 day ago
Executives from TJX Companies, which owns TJ Maxx and Marshalls, assert that they can largely offset the impact of tariffs without changing their annual forecasts, expecting steady sales growth. In contrast, Target has revised its outlook downward due to tariff impacts, expecting a slight sales decline for the fiscal year while attempting to avoid price increases.
Source: YAHOO
Reported 1 day ago
Target has reported a larger-than-expected sales drop of 2.8% in the first quarter of 2025 and anticipates a continued decline throughout the year, attributing this to economic concerns, customer boycotts, and reduced diversity initiatives. The retailer plans to establish a new office geared towards accelerating decision-making and enhancing sales growth, while also introducing more budget-friendly products to attract cost-conscious shoppers. Amidst these challenges, Target's market share is weakening in various categories, prompting urgency for changes to revive its price-conscious brand image.
Source: YAHOO
Reported 1 day ago
As US investors show renewed interest in international equities, the iShares All Country World Index ETF (ACWI) is significantly outperforming the S&P 500 in 2025. Notably, European stocks, particularly in Eastern Europe, have seen substantial growth, with increases driven by easing geopolitical tensions. Experts suggest this trend may signal a long-awaited market shift towards global diversification, despite a decade of underperformance in international markets.
Source: YAHOO
Reported 1 day ago
This article explores the highest dividend-yielding stocks in the S&P 500 as of May 2024, featuring companies like Dow Inc. and LyondellBasell Industries that offer significant annual dividends despite fluctuating market conditions. It discusses the potential risks associated with dividend stocks, emphasizing that dividends are not guaranteed and can be reduced. Investors are encouraged to understand dividend yields to make informed decisions in their investment strategies.
Source: YAHOO
Reported 1 day ago
Source: YAHOO
Reported 2 days ago
Airwallex, the fintech payments firm, has achieved a valuation of $6.2 billion following a $300 million funding round, marking an almost 11% increase from its previous valuation in 2022. Despite a challenging funding environment for fintechs due to high interest rates and economic uncertainty, Airwallex has successfully expanded its operations and diversified its offerings, now generating over 70% of its revenue through online payment processing and spend management.
Source: YAHOO
Reported 2 days ago
Heather Boushey, a former adviser to President Biden, argues that while the GOP tax bill may benefit Wall Street, it ultimately harms low and middle-income families across America by offering them fewer tax cuts and increasing their living costs.
Source: YAHOO
Reported 2 days ago
UnitedHealth's stock fell on Wednesday following a report by The Guardian that accused the insurer of covertly paying nursing homes to decrease hospital transfers. This practice allegedly aimed to cut costs for the company. Last week, the stock had already dropped to a five-year low, coinciding with an investigation by the Justice Department into potential Medicare fraud. UnitedHealth has denied the allegations, stating that previous investigations found significant inaccuracies.
Source: YAHOO
Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
The European Commission announced plans to eliminate business barriers within the EU to enhance competitiveness in response to U.S. tariffs. These barriers, equivalent to high internal tariffs, hinder cross-border trade and limit smaller businesses. The Commission will identify key obstacles and propose new laws to encourage inter-EU commerce, including standardized qualifications and reduced reporting requirements for mid-cap companies. The initiative targets various sectors like construction, telecommunications, and financial services, with a focus on facilitating professional mobility and reducing compliance costs.
Source: YAHOO
Reported 2 days ago
Source: BARRONS
Reported 2 days ago
Source: WSJ
Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
Activist investor Gavriel Kahane, managing partner at Arkhouse, is advocating for significant changes at media conglomerate IAC, founded by billionaire Barry Diller. While Kahane emphasizes a collaborative effort with Diller, he believes IAC could be worth $72 per share if broken up, given its current stock price of around $38 and strong financials, including $1.2 billion in cash. Arkhouse's recent board nominations and the company's cost cuts bolster Kahane's view that IAC is undervalued and poised for transformation.
Source: YAHOO
Reported 2 days ago
Source: WSJ
Reported 2 days ago
Source: BARRONS