Reported 9 days ago
President Donald Trump’s extensive immigration crackdown is displacing foreign workers, causing significant disruptions in the American economy and job market.
Source: YAHOO
Reported 9 days ago
As Americans navigate rising home prices and debt in 2025, they are employing various strategies to build wealth according to Charles Schwab's Modern Wealth Survey. Key methods include homeownership, retirement savings, high-yield savings accounts, managing debt, and exploring technology like AI and crypto. Experts recommend a balanced approach to home investment, steady retirement contributions, prudent saving, eliminating high-interest debt, and caution in speculative investments like cryptocurrencies. Overall, successful wealth building is seen as a gradual process requiring discipline and patience.
Source: YAHOO
Reported 9 days ago
Kering SA is reportedly in discussions to sell its beauty unit to L’Oréal SA for approximately €4 billion ($4.7 billion), as new CEO Luca de Meo aims to revitalize the company's fortunes amid a downturn in Chinese demand and potential U.S. tariffs. The deal could be announced soon, although it remains uncertain. This sale would be the first significant strategic move by de Meo since taking over last month.
Source: YAHOO
Reported 9 days ago
Experts argue that traditional market solutions like circuit breakers may not effectively address the chaos of decentralized finance (DeFi). While established financial markets use circuit breakers to manage volatility, the decentralized nature of cryptocurrency trading complicates their implementation. In a recent market crash, substantial liquidations highlighted the limitations of trying to impose familiar safety nets in a system where trading is continuous and spread across numerous platforms, suggesting that unique solutions for DeFi must be developed.
Source: YAHOO
Reported 9 days ago
President Trump's proposed 100% tariff on foreign-made movies could lead to significant increases in streaming subscription costs for Americans. Currently averaging $69 per month, streaming prices may rise even further as platforms like Netflix face heightened production expenses. Analysts predict that Netflix might need to increase its average revenue per user by approximately 7% to counterbalance tariff-induced costs, with the potential for $3 billion in additional expenses annually. Many consumers are already reconsidering their subscriptions amid existing price hikes and may turn to free alternatives as streaming costs climb.
Source: YAHOO
Reported 9 days ago
Ulysse Nardin has unveiled its latest high-end timepiece, the Freak S Enamel, priced at $174,000 and limited to 50 pieces, during New York Watch Week. CEO Patrick Pruniaux expressed confidence that U.S. tariffs on Swiss imports won't significantly affect the company's sales, citing a history of enduring market fluctuations and an overall robust luxury consumer market.
Source: YAHOO
Reported 9 days ago
In today's market, high-value collectibles, such as fine wines and vintage items, are increasingly common assets in investment portfolios. To safeguard these valuable items and avoid issues like taxes, disputes, and forced sales, comprehensive estate planning is essential. Key strategies include maintaining a detailed inventory, seeking professional appraisals, determining distribution methods, choosing the right executor, and ensuring communication with family about these assets. Additionally, utilizing modern digital estate management tools can enhance clarity and efficiency in executing your estate plan.
Source: YAHOO
Reported 9 days ago
Source: INVESTORS
Reported 9 days ago
Nestlé's new CEO, Philipp Navratil, has announced plans to cut 16,000 jobs, representing 6% of the company's global workforce, just weeks after taking over. This decision, made in light of rising costs and the need to adapt to changing market conditions, involves reducing white-collar positions and manufacturing roles. The company aims to save $3.79 billion by 2027, while also reporting a slight sales decline in North America. Other consumer goods companies are similarly laying off employees amid economic uncertainty.
Source: YAHOO
Reported 9 days ago
An S&P Global analysis of 9,000 companies indicates that global firms face at least $1.2 trillion in unexpected losses this year due to tariffs, increased wage costs, and rising expenses. The report highlights that two-thirds of this financial burden will be shifted to consumers through higher prices, while lower earnings will absorb the remainder. The effects of tariffs are felt more acutely by lower and middle-income households, leading to a stark economic divide, as wealthier households remain relatively insulated from price increases.
Source: YAHOO
Reported 9 days ago
Source: INVESTORS
Reported 9 days ago
The founder of the Huobi exchange, Li Lin, is reportedly aiming to create a $1 billion Ethereum (ETH) treasury, teaming up with prominent Asian investors including Fenbushi Capital's Shen Bo and HashKey Group's Xiao Feng. This initiative, which has already secured $1 billion in commitments, could position itself as one of the largest private accumulators of ETH, contributing to the growing trend of corporate ETH holdings in the crypto space.
Source: YAHOO
Reported 9 days ago
The United States government shutdown has reached its third week, making it the third-longest in history, with both political parties remaining entrenched in their positions and no end in sight. As economic pressures mount, critical payments to federal workers are at risk, while the absence of government data continues to hinder markets. The shutdown centers around disagreements over healthcare funding, with Democrats advocating for continued subsidies under the Affordable Care Act as President Trump’s administration refuses to negotiate until the impasse is resolved.
Source: YAHOO
Reported 9 days ago
Financial expert Suze Orman advises against selling established stocks like Costco and Walmart for trending ones, emphasizing the importance of a diversified portfolio. In her podcast, she highlights Meta as a key stock that investors should consider holding, similar to Apple, and suggests a disciplined dollar-cost averaging approach for investments. Orman stresses the need for balance, recommending that only 30-40% of stock investments be allocated to high-growth sectors like AI.
Source: YAHOO
Reported 9 days ago
In a recent column, Charlie Garcia discusses the disconnect between people's desire to unplug from addictive social media and the continued rise in engagement metrics and investments in such platforms. He argues that while trends indicate a shift towards more real-life experiences among younger generations, the profitability of social media companies, driven by addictive features, could delay a significant change. He also addresses the risks of betting on cultural trends and suggests that even if fewer people engage with apps, the market might still react to subtle shifts in user behavior.
Source: YAHOO
Reported 9 days ago
Amid market volatility and a surge in AI investments, Bank of America has advised investors to shift focus back to value stocks, reflecting Warren Buffett’s investment philosophy. The bank noted that small-cap value stocks are expected to rebound, especially as the economic indicators signal recovery. This advice aligns with Buffett's approach of prioritizing companies with solid fundamentals over fleeting trends.
Source: YAHOO
Reported 9 days ago
President Trump has been vocal about India's and China's potential changes in their Russian oil purchases, suggesting India may stop buying entirely amid trade discussions. While officials from India have not confirmed this change, Trump's tariffs and strategic geopolitical maneuvers could greatly affect not just these nations' energy policies but also Russia's economy, which heavily relies on oil revenues.
Source: YAHOO
Reported 9 days ago
Source: WSJ
Reported 9 days ago
The Ark Autonomous Technology and Robotics ETF, led by Cathie Wood, distinguishes itself from other AI ETFs by being actively managed and focusing on a diverse selection of lesser-known companies, rather than just the biggest names like Nvidia and Microsoft. In 2025, it has already outperformed the top AI stocks significantly. Given its innovative investments and potential for growth, this ETF could potentially triple in value by 2030, though it also carries a risk of volatility.
Source: YAHOO
Reported 9 days ago
IonQ, a company aiming to revolutionize quantum computing, has seen its stock soar over 1,200% in three years as it seeks to become the Nvidia of quantum technology. While the company is generating revenue through its quantum systems, it has also deepened its net losses due to heavy investments in development. Investors are left wondering if it's too late to buy into IonQ, as the company's future hinges on its ability to overcome the challenges in quantum technology and achieve significant profitability in the coming years.
Source: YAHOO
Reported 9 days ago
In a candid exchange during a 2019 meeting, Charlie Munger humorously outlined three reasons for Warren Buffett's far greater wealth, citing Buffett's earlier start, superior intellect, and harder work. As Munger achieved billionaire status through real estate and later investments, he shared insights on wealth-building strategies, emphasizing the importance of starting early, understanding investments, and navigating the complexities of the market. For aspiring investors, tools like Acorns and Moby can simplify the process of entering the market and making informed decisions.
Source: YAHOO
Reported 9 days ago
Truist has increased its price target on Alnylam (ALNY) from $459 to $535 while maintaining a Buy rating on the stock before the company's Q3 results. The firm also raised its Q3 sales estimate for Amvuttra to $690 million, attributing the increase to strong early adoption and feedback from prescribers noting more widespread extracardiac manifestations of ATTR-CM.
Source: YAHOO
Reported 9 days ago
Cantor Fitzgerald analyst Colin Canfield has increased the price target for Planet Labs from $8.50 to $20, maintaining an Overweight rating. This upgrade follows insights gained during the company's recent Investor Day event, where management's long-term goals were deemed conservative. The analysts believe the current underperformance presents a significant investment opportunity in a promising sector.
Source: YAHOO
Reported 9 days ago
RocketFuel Payments has launched its upgraded Crypto Invoicing Solution, allowing businesses globally to accept payments in stablecoins, cryptocurrencies, and fiat currencies for their invoices. The solution facilitates automatic exchange and settlement in the preferred currency, ensuring faster collections and minimizing volatility risks by instantly converting funds. Support for multiple currencies and automated reconciliation tools enhances its usability for businesses of all sizes, with funds settled within 24 hours to the customer's local bank account.
Source: YAHOO
Reported 9 days ago
Jack Dorsey publicly criticized Tether's $250,000 donation to OpenSats, aimed at supporting Bitcoin developers, questioning why the amount was so low given Tether's significant profits. While Tether aims to fund open-source Bitcoin software development, Dorsey highlighted his own larger $21 million contribution from his Start Small initiative, sparking a debate about the adequacy of support for the Bitcoin development community.
Source: YAHOO