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Is D-Wave Quantum Eyeing a Stock Split?

Reported 1 day ago

D-Wave Quantum, a player in the quantum computing sector, has seen its stock price surge over 1,600% recently, raising speculation about a potential stock split. However, with the stock currently stable at around $16—a far cry from breaching NYSE compliance—conditions for such a split do not seem to be present. Analysts suggest that while D-Wave's rapid growth is notable, its substantial losses and minimal revenue might deter potential stock splits in the near future.

Source: YAHOO

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Options Traders Focus on Job Data Amid Fed Rate Cut

Reported 1 day ago

Options traders are shifting their attention from the upcoming Federal Reserve meeting to the US nonfarm payroll report, scheduled for October 3. With a 25 basis point rate cut expected, there is speculation that disappointing job numbers could drive volatility, although current market conditions suggest limited immediate movement. Historical trends indicate that quick rate cuts may signal economic deterioration, leading to mixed market reactions.

Source: YAHOO

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US Deputy Secretary of State Regrets Detention of South Korean Workers

Reported 1 day ago

US Deputy Secretary of State Christopher Landau expressed regret over the detention of hundreds of South Korean workers in Georgia, assuring that those who returned home would not face disadvantages in re-entering the US. The detentions, prompted by a raid at a battery plant under construction, drew public outcry in South Korea. Discussions are ongoing to address visa issues for South Korean workers, as the country has not received a dedicated visa quota despite its free trade agreement with the US.

Source: YAHOO

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Trump's Plan to Shift Funds from Ivy Leagues to Trade Schools

Reported 1 day ago

President Donald Trump's initiative to extract funds from elite universities like Harvard aims to boost American trade schools. As part of potential agreements to restore federal funding, Harvard and other colleges may invest in vocational training programs. Brown University has already committed $50 million for workforce development in Rhode Island, with many institutions expressing interest in similar initiatives. Trump's broader goal is to bridge the skills gap and revive U.S. manufacturing, although some critics question the approach of relying on Ivy League institutions for vocational funding.

Source: YAHOO

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Federal Reserve Debates Interest Rate Cuts Amid Trump Pressures

Reported 1 day ago

The Federal Reserve is expected to initiate interest rate cuts for the first time in nine months, influenced by a slowing labor market and persistent inflation, amidst significant pressure from President Trump. As economic indicators raise concerns of a serious slowdown, Fed officials face internal divisions regarding the pace of cuts, reflecting the complexities of managing economic stability against political influence.

Source: YAHOO

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Dow Jones Futures Loom; Nvidia, Meta, Tesla Near Buy Zones With Fed Meeting Ahead

Reported 1 day ago

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Source: INVESTORS

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Businesses Invest 22% of Profits in Bitcoin, Report Reveals

Reported 1 day ago

A recent report by financial services firm River indicates that private businesses are allocating an average of 22% of their net income to Bitcoin, driven by its appeal as a long-term investment amid inflation concerns. Despite only a small percentage of U.S. companies adopting Bitcoin due to public perception and established corporate norms, interest is growing as more adults are beginning to see Bitcoin as a trustworthy asset.

Source: YAHOO

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Penske Media Sues Google Over Alleged Abuse of AI Summaries

Reported 1 day ago

Penske Media, owner of several major publications including Rolling Stone, has filed a lawsuit against Google for allegedly using their content without permission to create AI summaries, which they claim harms their business. The lawsuit asserts that Google is leveraging its monopoly power to force publishers into agreements that allow the use of their content beyond search indexing, impacting their traffic and revenue. Google defends its AI features as beneficial for discovering diverse content, while Penske argues that since the introduction of AI Overviews, they have experienced a significant decline in traffic from Google searches.

Source: YAHOO

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Google faces its first AI Overviews lawsuit from a major US publisher

Reported 1 day ago

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Source: YAHOO

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US and China Begin Economic and Trade Talks in Madrid

Reported 1 day ago

US and China representatives have commenced a new round of economic talks in Madrid, focusing on trade, economic, and national security issues. Led by US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, discussions include the status of TikTok and preparations for a potential meeting between Trump and Xi next month. The negotiations come amid rising tensions, including China launching probes into the US semiconductor industry.

Source: YAHOO

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Liberty Energy: Pioneering an AI-Driven Future in Fracking

Reported 1 day ago

Founded by Chris Wright, Trump's former Energy Secretary, Liberty Energy is at the forefront of AI-driven hydraulic fracturing. With operations overseen from its Hive tech center near Denver, the company is leveraging AI technology to enhance efficiency while reducing workforce requirements. As Liberty transitions to automated systems and electrified fleets, it aims to revolutionize oil production while maintaining lower energy costs and improving safety through real-time monitoring and predictive analysis.

Source: YAHOO

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Via's Successful IPO Amid Strong Competition from German Automakers

Reported 1 day ago

Transit software startup Via made a strong debut on the public market, raising $492.9 million with a valuation of $3.7 billion. Meanwhile, at the IAA Mobility conference, German automakers Volkswagen, Mercedes, and BMW are asserting their presence in the EV market, competing against growing Chinese manufacturers. This event underscores their commitment to innovation and market share preservation as they launch new electric vehicle models.

Source: YAHOO

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Understanding the Differences in CD and Savings Account Rates at Fidelity

Reported 1 day ago

The article discusses the discrepancy between Fidelity's CD rates and high-yield savings account rates, with the former generally lower due to anticipated interest rate cuts by the Federal Reserve. It explains that while high-yield savings accounts offer variable rates that can drop unexpectedly, CDs provide a guaranteed rate for their term, making them potentially more secure in a declining rate environment. The key takeaway is that the choice between these accounts should depend on individual financial needs and cash flow expectations.

Source: YAHOO

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Graham Stephan Advises Against Investing in Condos

Reported 1 day ago

Real estate investor Graham Stephan warns against condo investments, stating they often underperform compared to single-family homes. He argues that homeownership benefits include land ownership and consistent mortgage payments, while condos come with additional costs like homeowners' association fees. Additionally, he highlights that renting is currently more affordable than buying a home due to high prices. Stephan suggests waiting for a market downturn before making real estate investments.

Source: YAHOO

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GitLab: A Growth Stock Down Over 60% Worth Considering Now

Reported 1 day ago

GitLab's stock has experienced a significant decline of over 60% from its peak, but the company's AI-driven DevSecOps platform is gaining traction and showing strong financial health. As it continues to innovate and attract large enterprise clients, GitLab maintains a reasonable valuation compared to its potential for growth, making it a stock worth considering for investors willing to accept some volatility.

Source: YAHOO

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If Jeff Bezos Shared His Amazon Wealth Equally, How Much Would Each American Get?

Reported 1 day ago

Jeff Bezos currently holds approximately 884 million shares of Amazon, valued at around $205 billion. If he were to distribute his shares equally among the 342 million Americans, each person would receive about 2.58 shares, which translates to roughly $670.48 in value. If these shares were held for ten years, with an anticipated annual return of 25%, their future worth could exceed $6,200.

Source: YAHOO

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Citi's London Office Renovation Costs Reach $1.5 Billion

Reported 1 day ago

Citigroup's expenses for refurbishing its London headquarters have soared to $1.5 billion, surpassing its original acquisition cost of $1.63 billion. This significant investment, aimed at modernizing the workplace and attracting employees back to the office, reflects Citi's commitment to the UK, where it employs 14,000 people. The extensive renovation project, which initiated in 2022, includes creating new gardens and amenities while enhancing energy and water systems.

Source: YAHOO

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Hyundai's $7.4 Billion Flying Taxi Ambitions Stalled by Leadership Changes

Reported 1 day ago

Hyundai's Supernal startup has halted its flying taxi program following the exits of CEO Jaiwon Shin and CTO David McBride, creating turbulence for the company's $7.4 billion vision for advanced air mobility. Despite recent test flights and plans for a 2028 commercial launch, Supernal is now reassessing its direction amidst staff cuts and a shift in leadership strategy. While facing regulatory hurdles, Hyundai remains committed to investing in sustainable air mobility solutions.

Source: YAHOO

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10-Year Investment in Salesforce (CRM): A Look at Returns

Reported 1 day ago

If you had invested $1,000 in Salesforce (CRM) stock a decade ago, your stake would be worth approximately $3,470 today, equating to an annualized return of 13.2%. This performance slightly outpaces the S&P 500's 12.9% annualized gain over the same period, though dividend reinvestment in the S&P 500 would have resulted in a larger return of over $4,000. Concerns about future growth, particularly regarding AI, and a declining stock price have led analysts to question Salesforce's potential, suggesting exploring other investment options.

Source: YAHOO

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5 Essential Money Tips for Gen Z Before the Holiday Season

Reported 1 day ago

As the holiday season approaches, Gen Z faces unique financial challenges such as student loans, pressuring social media standards, and high living costs. To avoid holiday debt, it's crucial for them to set a realistic budget, create a last-minute holiday fund, and utilize technology to curb impulse spending. Additionally, they should protect themselves from holiday debt traps by using limited credit and explore side hustles for extra income. With strategic planning, Gen Z can enjoy the holidays without jeopardizing their financial future.

Source: YAHOO

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Boohoo Faces Potential Backlash at Upcoming Shareholder Meeting

Reported 1 day ago

Boohoo is facing significant opposition at its upcoming shareholder meeting as two major advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis, recommend that investors vote against the executive pay proposal. The controversy centers around a substantial bonus for CEO Dan Finley, with concerns about transparency and a lack of performance criteria for executive compensation. This meeting comes on the heels of mounting discontent from its largest investor, Mike Ashley's Frasers Group, leading to possible challenges to Boohoo's leadership amid discussions of the company's recent financial struggles.

Source: YAHOO

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Yuan's Rise Likely to Support Emerging Market Currencies

Reported 1 day ago

China's tolerance for gradual yuan appreciation is expected to boost emerging market currencies, particularly as investors prepare for falling US interest rates. The yuan plays a critical role in trade across many emerging markets, influencing currencies like the Thai baht and Brazilian real. Recent data show a significant correlation between the yuan and the MSCI EM Currency Index, suggesting that as the yuan strengthens, other currencies may follow suit. Hedge funds are increasingly optimistic about the yuan's prospects, indicating a shift in sentiment around China's currency policy.

Source: YAHOO

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The IRS Broadens Its Surveillance of Crypto Investors

Reported 1 day ago

Since 2017, the IRS has increasingly expanded its monitoring of cryptocurrency transactions, evolving from focusing on individual traders to issuing broad requests for user data from major exchanges. Using sophisticated analytics and legal tools, the agency has been able to trace transactions in real-time and has implemented measures like John Doe summonses, targeting users who exceed certain transaction thresholds. This heightened scrutiny has led to substantial asset seizures and a shift in tax enforcement strategy, compelling crypto firms to enhance compliance measures amidst concerns about potential penalties for non-compliance.

Source: YAHOO

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5 Proven Ways to Make Money Online Safely

Reported 1 day ago

In a recent Yahoo Finance video, Casey Bond outlines five legitimate online job options that allow individuals to earn money while steering clear of scams. These include becoming a virtual assistant, renting out property or vehicles, utilizing gig platforms like Fiverr and Upwork, engaging in online tutoring or course creation, and participating in user testing. Bond highlights the importance of recognizing red flags in job listings to avoid scams, such as unrealistic pay, upfront fees, and unprofessional communication.

Source: YAHOO

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The Changing Landscape of AI: Are Big Companies Losing Their Edge?

Reported 1 day ago

The AI industry is witnessing a significant shift as startups focus on customizing AI models for specific tasks, viewing foundation models as interchangeable commodities rather than unique advantages. With the diminishing returns on scaling pre-training and the rise of post-training methods, the competitive advantage once held by major companies like OpenAI and Anthropic is being undermined. As AI applications diversify and open-source alternatives proliferate, these foundation model companies may increasingly find themselves in a low-margin position, likened to 'selling coffee beans to Starbucks.'

Source: YAHOO

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