Reported 4 months ago
U.S. Federal Reserve Governor Michelle Bowman has appointed three key staff members for the Fed's Supervision and Regulation Division, as reported by Bloomberg. The new team includes financial expert Randall Guynn from Davis Polk, Aleksandra Wells, a former vice president at Goldman Sachs, and economist Francisco Covas from the Bank Policy Institute. The Fed has not commented on these appointments.
Source: YAHOO
Reported 4 months ago
The adjusted balance is a key method used by credit card issuers to calculate interest on your outstanding balance, taking into account payments and credits made during the billing cycle. This method allows cardholders to have some leeway for new purchases since current charges are not included in the adjusted balance. As a result, it often leads to lower finance charges compared to other methods, making it beneficial for those looking to manage their debt and interest payments effectively.
Source: YAHOO
Reported 4 months ago
On May 9, 2025, the S&P 500 dropped 0.1% as investors anticipated updates on tariffs before a meeting between U.S. and Chinese officials. While Insulet's shares soared over 20% after its positive revenue outlook, Expedia's stock fell nearly 8% due to a disappointing forecast amid weak travel demand. Overall, major U.S. indices pulled back from earlier gains, reflecting cautious sentiment ahead of upcoming trade discussions.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
Marlene Street Forrest, Managing Director of the Jamaica Stock Exchange, discusses the recent transformation of the exchange, highlighting how technology, particularly AI, will play a crucial role in its continued growth during an interview on 'The Close' with Romaine Bostick and Scarlet Fu.
Source: YAHOO
Reported 4 months ago
Nike's stock has fallen 23% this year, reflecting a slowdown in sales and concerns over tariffs. Despite a new CEO, Elliott Hill, initiating positive changes by refocusing on sports and innovation, investor sentiment remains cautious. With sales expected to decline further and competition increasing, Nike still holds its position as an industry leader but its stock isn't as cheap as it seems, leading analysts to suggest there may be better investment options available.
Source: YAHOO
Reported 4 months ago
China has recently purchased between 400,000 and 500,000 metric tons of milling-quality wheat from Canada and Australia as extreme heat threatens local crop yields. With the Henan province issuing warnings about hot weather affecting wheat production, these purchases mark China's first significant imports from Australia in over a year, though China has high wheat inventories from prior harvests. The shift in imports is partly influenced by lower international wheat prices and ongoing economic conditions in China.
Source: YAHOO
Reported 4 months ago
On May 9, 2025, the Dow Jones and S&P 500 indices experienced a downturn, as reported during the closing bell on Bloomberg platforms, featuring commentary from hosts including Romaine Bostick, Alix Steel, Scarlet Fu, Matt Miller, and Norah Mulinda.
Source: YAHOO
Reported 4 months ago
Federal Reserve officials discussed the potential risks that tariffs imposed by the Trump administration could trigger inflation, emphasizing the difficult position the Fed may face between lowering interest rates to support the economy or maintaining high rates to control rising prices. Despite pressures for lower rates, officials are cautious as job market resilience allows them to prioritize inflation management. Concerns rise about public inflation expectations and the longer-term impact of tariffs on both inflation and employment rates.
Source: YAHOO
Reported 4 months ago
Dennis Cail, a Navy veteran and CEO of Zirtue, is transforming the financial landscape for underserved families by providing a system of interest-free digital promissory notes. This innovation aims to replace traditional loans and predatory lending practices, allowing friends and family to lend money transparently and stress-free. Cail's mission, driven by his own experiences growing up in public housing, focuses on fostering financial equity and supporting unbanked Americans, while also aiding small businesses in effectively collecting payments.
Source: YAHOO
Reported 4 months ago
Economists predict that the Consumer Price Index report due Tuesday will not reflect significant tariff-related inflation for April, as businesses had stockpiled goods before the tariffs took effect. While a modest year-over-year living cost increase of 2.3% is expected, the impact of imported cost increases resulting from tariffs will likely be felt more in the coming months, with price hikes gradually rolling out as the effects of tariff policies continue to unfold.
Source: YAHOO
Reported 4 months ago
Energy Transfer LP (NYSE:ET) has been highlighted as one of billionaire Bruce Berkowitz's best stock picks, offering an average upside potential of 34.5%. With a strong focus on the U.S. market, Berkowitz's Fairholme Capital Management holds a significant stake in ET, which has enhanced its position through strategic acquisitions in the Permian Basin. Despite mixed earnings results, ET maintains a solid dividend yield and is poised for continued performance, reflecting Berkowitz's investment philosophy of focusing on undervalued assets.
Source: YAHOO
Reported 4 months ago
Apple Inc. (AAPL) is featured among billionaire Bruce Berkowitz's six stock picks with the highest upside potential, with an average upside of 20.01%. Despite facing macroeconomic challenges and tariffs, Apple reported fiscal second-quarter earnings that exceeded Wall Street expectations, generating $95.36 billion in sales. Although Apple is diversifying production outside China, its services revenue fell slightly short of expectations. This positioning makes AAPL a noteworthy consideration, although some analysts suggest certain AI stocks may offer better returns.
Source: YAHOO
Reported 4 months ago
Bank OZK (NASDAQ:OZK) stands out as the sixth top pick among billionaire Bruce Berkowitz’s stock selections with promising upside potential. Renowned for his value-investing approach, Berkowitz’s firm, Fairholme Capital Management, has a stake of around $28.65 million in the bank. Despite recent macroeconomic challenges, Bank OZK reported strong loan growth in its Q1 2025 earnings. Analyst expectations are cautiously optimistic, with indications that its appraisals could bolster investor confidence in its financial health.
Source: YAHOO
Reported 4 months ago
Danaher Corporation (DHR) has been highlighted as one of billionaire Lei Zhang's top stock selections with significant upside potential. As a global science and technology leader in the health sector, Danaher has demonstrated robust growth, particularly in bioprocessing and diagnostics. The company's strong financial performance, driven by innovation and acquisitions, positions it well for continued success. With a stake valued at over $3 million and an expected growth rate of 26.77%, DHR stands as a compelling option in Zhang's investment portfolio.
Source: YAHOO
Reported 4 months ago
Adobe Inc. (ADBE) has made it to Two Sigma's list of the top 10 stock picks with high upside potential, boasting an estimated upside of 32.02%. The quantitative hedge fund, which manages $60 billion, showcased a solid performance in a challenging market environment, despite ultimately trailing the S&P 500 index. Adobe reported impressive Q1 FY25 results with a 10% increase in revenue and strong growth across its Digital Media and Experience segments. While an analyst recently lowered the price target for Adobe, the company remains a strong player in the generative AI space, further driving its appeal among investors.
Source: YAHOO
Reported 4 months ago
This article evaluates ZoomInfo Technologies Inc. (ZI) as a potential long-term investment among low priced stocks, set against the backdrop of recent market dynamics influenced by tariffs and trade tensions. Analysts highlight ZI's growth potential, particularly through its CoPilot product and strategic focus on higher-value customers. Despite its promising outlook, the article suggests that deeply undervalued AI stocks may offer better returns in the near term.
Source: YAHOO
Reported 4 months ago
Krispy Kreme's stock suffered a significant decline of over 16% following a disappointing quarterly earnings report that prompted multiple analysts to cut their price targets. Evercore ISI analyst David Palmer lowered his target from $9 to $3 per share, while Citigroup's Jon Tower reduced his to $3.60, highlighting concerns about the company's partnership with McDonald's and challenges in the U.S. retail sector.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Analyst Jason Pizzino has revised his outlook on the S&P 500, predicting a potential fall in the index during Q2 2025, which could also lead to a correction in Bitcoin due to the correlation between the two markets. He noted that the S&P 500 peaked between December 2024 and February 2025, began to decline in April, and may continue to face challenges in the coming months. Despite Bitcoin recently surpassing $100,000, Pizzino suggests it may also experience a downturn linked to stock market trends.
Source: YAHOO
Reported 4 months ago
Recursion Pharmaceuticals experienced a 24% drop in stock value this week, following disappointing first-quarter earnings and an announcement to cut a significant portion of its development pipeline. Issues surrounding President Trump's planned research cuts, which many biotech leaders believe will hinder capital raising, added to the company's challenges. Despite its promising use of AI, investors are cautioned due to ongoing losses and uncertainty in future funding.
Source: YAHOO
Reported 4 months ago
Ethereum ETFs, led by the iShares Ethereum Trust (ETHA), experienced significant gains following the 'Pectra' network upgrade, which has boosted investor optimism about Ethereum's competitiveness against other cryptocurrencies. Despite a recent surge, ETHA has seen a 43% drop from its peak, reflecting a cautious market where new investments remain limited despite the Ethereum token itself gaining 25% in value over 48 hours post-upgrade.
Source: YAHOO