Reported 4 months ago
US stocks have surged following President Trump's trade announcement, with experts highlighting his positive comments about China as the key factor driving investor relief. Strategist Ross Mayfield emphasized that Trump's optimistic tone regarding potential tariffs and trade negotiations with China has provided much-needed certainty, overshadowing the details of the US-UK trade deal.
Source: YAHOO
Reported 4 months ago
Recent data from Morningstar highlights that target-date funds have reached a record $4 trillion in assets, establishing themselves as the leading retirement savings option for Americans. These funds automatically allocate investments based on retirement timelines, minimizing risk and optimizing returns even in volatile markets. The ease of use and diverse investment strategy have contributed to their widespread adoption, with most 401(k) plans now defaulting to these funds, benefiting millions of savers.
Source: YAHOO
Reported 4 months ago
Bitcoin has hit the $100,000 milestone for the first time since February, while Carvana's stock skyrockets after breaking retail unit sales records and achieving record profitability. Fastly also reported a smaller-than-expected loss in the first quarter and raised its annual forecast, contributing to its significant stock increase.
Source: YAHOO
Reported 4 months ago
The Trump administration has announced a significant $10 billion deal for Boeing aircraft with a UK airline, likely British Airways, as part of ongoing US-UK trade negotiations. This announcement has led to a surge in Boeing's stock, reflecting positive market sentiment and indicating Boeing's strategic role in international trade agreements.
Source: YAHOO
Reported 4 months ago
Stocks have sharply risen as optimism grows surrounding a newly announced US-UK trade deal and the possibility of progress in upcoming talks with China. Major indexes are benefiting from reduced trade tensions and positive investor sentiment, with notable stocks including D-Wave Quantum, Boeing, and NVIDIA.
Source: YAHOO
Reported 4 months ago
US mortgage rates remained stable this week, with the 30-year fixed rate mortgage at 6.76% and the 15-year slightly decreasing to 5.89%. Despite the stability in rates following the Federal Reserve's decision to maintain interest rates, many homeowners, particularly Baby Boomers, express fears about financial impacts from tariffs and potential recessions, affecting their confidence in the housing market.
Source: YAHOO
Reported 4 months ago
Source: YAHOO
Reported 4 months ago
As American AI leaders, including OpenAI's Sam Altman and AMD's Lisa Su, testify before Congress, there is a call for a unified approach to maintain the U.S.'s competitive edge against China in the AI sector. The discussion highlights the urgent need for cohesive policy amidst an escalating AI arms race, emphasizing that collaboration between government and tech companies is essential for innovation and addressing antitrust issues.
Source: YAHOO
Reported 4 months ago
President Trump has unveiled a new trade agreement with the UK, marking his administration's first major deal since implementing the controversial 'Liberation Day' tariffs earlier this month. The arrangement aims to enhance US agricultural exports, including beef and ethanol, and features increased market access worth billions for American goods. While UK Prime Minister Keir Starmer hailed the deal as historic, existing tariffs on UK exports to the US remain, indicating ongoing trade complexities.
Source: YAHOO
Reported 4 months ago
Coinbase has announced its agreement to acquire the cryptocurrency options platform Deribit for $2.9 billion, marking a significant milestone in the crypto industry. This acquisition aims to enhance Coinbase's offerings by providing deeper liquidity and improved trading tools. The deal has led to a more than 4% rise in Coinbase's stock. This move follows several previous acquisitions by Coinbase to expand its presence in the derivatives market.
Source: YAHOO
Reported 4 months ago
Warner Bros. Discovery may be planning to split its cable and streaming businesses despite reporting a revenue decline in the first quarter. The potential division aims to create clearer distinctions between its linear cable operations and studio/streaming segments. While the company has seen a growth in streaming subscribers, it faces challenges with decreasing pay-TV subscriptions and weak box office performance.
Source: YAHOO
Reported 4 months ago
US worker productivity decreased by 0.8% in the first quarter, marking its first decline in nearly three years and resulting in increased labor costs. This drop follows a 1.7% growth in the previous quarter and is attributed to rising costs from tariffs amid an influx of imports. The economy contracted by 0.3%, prompting concerns of higher inflation and unemployment, while the Federal Reserve maintains its interest rate target.
Source: YAHOO
Reported 4 months ago
Recent data reveals that U.S. weekly jobless claims decreased significantly, indicating a resilient labor market despite growing risks from tariffs imposed by the Trump administration. However, productivity has fallen for the first time in nearly three years, resulting in rising labor costs, which may pressure business margins. The Federal Reserve has noted increasing risks of unemployment and inflation, complicating the economic outlook as firms navigate trade tensions.
Source: YAHOO
Reported 4 months ago
Nvidia stock experienced fluctuations following the announcement that the Trump administration intends to repeal AI chip export restrictions established under Biden, which were criticized for being overly complex. This news, which led to a 3% increase in Nvidia's stock after a prior report, is welcomed by big tech firms like Nvidia and AMD, both of which suffered significant declines due to previous trade policies. However, concerns remain as analysts warn that new tariff regulations might counteract any potential benefits.
Source: YAHOO
Reported 4 months ago
US stock markets saw significant gains on Thursday, with the Dow, S&P 500, and Nasdaq all climbing after President Trump announced a 'major' trade deal with the UK and expressed optimism for upcoming negotiations with China. The Nasdaq surged about 1.8%, while the Dow and S&P 500 increased by over 1.4%. Trump indicated that this deal would provide billions of dollars in market access for American exports, and suggested possible tariff reductions on Chinese imports if trade talks progress well.
Source: YAHOO
Reported 4 months ago
Ford executives announced during the annual shareholder meeting that the company has no plans for stock buybacks or to spin off its commercial vehicle division, Ford Pro. Executive Chair Bill Ford expressed that buybacks haven't typically succeeded in the past, while CEO Jim Farley emphasized the importance of keeping the commercial vehicle segment integrated with the overall company.
Source: YAHOO
Reported 4 months ago
US stocks, including the Nasdaq, S&P 500, and Dow, opened higher on Thursday as investors anticipated an upcoming announcement of a trade deal between the US and the UK by President Trump. The technology and consumer discretionary sectors led gains, while healthcare was the only sector in the red.
Source: YAHOO
Reported 4 months ago
The Federal Trade Commission (FTC) faced a setback in its attempt to block Microsoft's acquisition of Activision Blizzard, following a decision by a Ninth Circuit Court of Appeals panel. The court emphasized that the FTC must provide concrete evidence of a merger's potential harm to competition, which it failed to do in this case. This ruling challenges the broad antitrust measures being pursued by both the Trump and Biden administrations against major tech companies, as the FTC gears up to continue its fight against the merger despite the court's warning.
Source: YAHOO
Reported 4 months ago
Alphabet's stock rose approximately 1.4% after Wall Street analysts defended the company, following a 7% decline triggered by reports of Apple's potential AI search integration in its Safari browser. Analysts from Jefferies, TD Cowen, Citi, and JPMorgan maintained favorable ratings on Alphabet, suggesting that Apple’s comments may have been exaggerated to bolster its own competitive stance in the search market.
Source: YAHOO
Reported 4 months ago
The European Commission has unveiled possible countermeasures targeting €95 billion worth of U.S. imports in response to tariffs imposed by the Trump administration. This proposal includes duties on a range of goods such as U.S. wines, spirits, and machinery if negotiations fail. As the EU navigates trade tensions, it emphasizes a desire for negotiated outcomes but prepares for retaliatory actions. A consultation process for EU members and businesses will inform final decisions on these measures.
Source: YAHOO
Reported 4 months ago
Former President Donald Trump has intensified his criticism of Federal Reserve Chairman Jerome Powell, calling him a 'fool' for delaying interest rate cuts. Trump argues that the Fed should lower rates and claims there is 'virtually NO INFLATION,' while Powell maintains a patient approach pending more data on the economic impact of Trump's tariffs. The Fed's decision to keep rates unchanged has pushed market expectations for a rate cut to July, with some economists warning that delaying cuts could hinder monetary policy effectiveness.
Source: YAHOO
Reported 4 months ago
Bill Gates has announced his intention to donate 99% of his remaining fortune, estimated at $107 billion, to the Gates Foundation, which will now close by 2045—two decades earlier than previously planned. This pledge is among the largest philanthropic contributions ever and will allow the foundation to allocate an additional $200 billion toward global health and education initiatives. Gates aims to address significant issues such as childhood mortality and disease eradication, while also anticipating the foundation's eventual closure and a reduction in its global influence.
Source: YAHOO
Reported 4 months ago
President Trump is set to announce a 'full and comprehensive' trade deal with the United Kingdom, which has generated optimism among investors. While details are still unclear, the agreement is expected to address tariffs, with potential concessions from both sides. UK Prime Minister Keir Starmer is anticipated to make a similar announcement. However, some economists express skepticism about the deal's depth, fearing it might only formalize current tariffs rather than lead to substantial changes.
Source: YAHOO
Reported 4 months ago
As the Federal Reserve maintains steady interest rates, Chair Jerome Powell warns of increasing risks related to unemployment and inflation. Portfolio Manager Kelsey Berro discusses the Fed's measured response to current economic conditions and hints at the possibility of future rate cuts if negative data emerges, emphasizing the need for caution given persistence of inflation above target levels.
Source: YAHOO
Reported 4 months ago
In the latest episode of 'Stocks in Translation,' portfolios expert Kelsey Berro from JPMorgan Asset Management discusses the bond market's current volatility and the rising long-term yields. She explains the differentiation between short-term and long-term yields, emphasizing the importance of maintaining a diversified bond portfolio amidst market uncertainties. Berro also highlights the impact of economic data on bond investments and how current conditions might inform future Fed rate cuts.
Source: YAHOO