Reported 16 days ago
YouTube has launched an AI-powered search results carousel for Premium users in the U.S., designed to suggest videos and provide brief topic descriptions, facilitating quicker content discovery. This new feature is similar to Google’s AI Overviews and appears in searches related to shopping or travel, potentially affecting creator engagement as users might find information without clicking through to videos. Additionally, YouTube is expanding its conversational AI tool to non-Premium users, offering personalized content recommendations and summaries.
Source: YAHOO
Reported 16 days ago
Iran's Supreme Leader Ayatollah Ali Khamenei proclaimed victory over Israel in the recent conflict, stating that the US intervention was ineffective. In a recent message, he emphasized that Iran emerged victorious and warned of potential retaliation against the US if further aggression occurs. The situation remains tense as Iran's compliance with the International Atomic Energy Agency is being curtailed, amidst ongoing concerns about the nation's nuclear program.
Source: YAHOO
Reported 16 days ago
The U.S. economy contracted by 0.5% in the first quarter of 2025, according to the Commerce Department, a significant downgrade from previous estimates. This decline, caused by a surge in imports as consumers rushed to buy foreign goods before impending tariffs, marks the first economic contraction in three years and follows a 2.4% growth in late 2024. Consumer spending slowed to just 0.5%, and overall economic sentiment among Americans has worsened, raising concerns about a potential recession.
Source: YAHOO
Reported 16 days ago
New data reveals that the U.S. economy shrank at an annualized rate of -0.5% in the first quarter of 2025, worse than earlier estimates, with consumer spending growth falling to a four-year low. Despite challenges in the job market and a skyrocketing trade deficit due to tariffs, businesses continue to invest. The updated figures indicate ongoing uncertainty about economic recovery, though some analysts remain optimistic about potential growth in the upcoming quarter.
Source: YAHOO
Reported 16 days ago
Jon McNeill, the former COO of Lyft and the CEO of DVx Ventures, will share his insights on sustainable growth for startups at TechCrunch All Stage 2025 on July 15 in Boston. His session, titled 'The Operator’s Playbook for Building and Scaling Sustainable Companies,' challenges the conventional wisdom of pursuing rapid scale, emphasizing the importance of validating both product and market strategies. With his extensive experience in scaling companies like Tesla, McNeill aims to provide founders and investors with practical strategies for achieving long-term impact and profitability.
Source: YAHOO
Reported 16 days ago
Investors who shorted Palantir Technologies are backing out as its stock continues to soar, boosted by retail interest and global tensions. The short interest has dropped from 5% to 2% as Palantir's shares have surged nearly 300%, resulting in significant losses for short sellers. Analysts remain cautious about its high valuation, despite a 36% anticipated sales growth this year, making it one of the fastest-growing companies in the Nasdaq 100.
Source: YAHOO
Reported 16 days ago
Walgreens Boots Alliance (WBA) exceeded earnings expectations in its Q3 report, potentially the last before the company goes private. Despite this positive financial performance, the company faces challenges, including declining front store sales. Analysts have largely ceased coverage as Walgreens prepares for privatization, and future guidance has been withdrawn. The CEO highlighted ongoing improvements in healthcare segments, while emphasizing the company's effort to manage costs and enhance customer experiences.
Source: YAHOO
Reported 16 days ago
Wall Street's latest research calls feature an upgrade for General Mills by RBC Capital, which believes its earnings guidance shows resilience despite challenging market conditions. Meanwhile, Trade Desk was downgraded by Wells Fargo as concerns rise over competition from Amazon. Other notable upgrades include Penn Entertainment and Elanco, while Equinix and MGM Resorts saw downgrades due to market pressures.
Source: YAHOO
Reported 16 days ago
Analysts highlight three factors that could fuel Amazon's stock growth: a shift to regionalized logistics, innovations in robotics, and the expansion of logistics as a service (LaaS). JPMorgan labels Amazon as a strong buy, projecting a price target of $240 per share by December 2025. The company's recent restructuring and technological investments aim to reduce delivery costs and enhance efficiency, positioning Amazon competitively against rivals like Walmart.
Source: YAHOO
Reported 16 days ago
Vice President JD Vance will headline a high-profile political fundraiser in Nantucket on July 22, aiming to attract the island's affluent summer residents to bolster Republican finances ahead of the 2026 midterms. The event, hosted by notable figures including former Putnam CEO Bob Reynolds, features ticket prices as high as $250,000 per couple for the host committee and $100,000 for attendees. Vance, also the Republican National Committee finance chair, seeks to strengthen GOP finances while navigating the challenges that typically face the president’s party in midterm elections.
Source: YAHOO
Reported 16 days ago
Nvidia's stock rose 0.5% after reaching a record high of over $154, supported by optimistic projections for the AI chip market. Loop Capital analyst Ananda Baruah raised his price target to $250, anticipating AI chip demand to reach $2 trillion by 2028, marking a 'Golden Wave' for AI adoption. Despite some skepticism regarding sustained Big Tech investment in AI, Nvidia continues to perform strongly and is expected to benefit significantly in the growing market.
Source: YAHOO
Reported 16 days ago
The S&P 500 is nearing an all-time high after regaining $9.8 trillion in market value following a volatile year influenced by trade policies. After dropping significantly in early April, the index has surged over 23%, as investors remain hopeful for further progress on trade and reduced geopolitical tensions. Meanwhile, the US dollar has hit a three-year low amid concerns over Federal Reserve independence.
Source: YAHOO
Reported 16 days ago
Meta Platforms has partnered with Invenergy to secure four new contracts for 791 megawatts of solar and wind energy, bringing their total collaboration to 1,800 megawatts. This move aims to meet the growing power demand of Meta's data centers for artificial intelligence technologies while emphasizing clean energy sources.
Source: YAHOO
Reported 16 days ago
Brad Pitt's new film, 'F1: The Movie', premieres on June 27, aiming to elevate Formula 1's popularity in the U.S. The $250 million Apple-backed production integrates real racing footage, providing authenticity to both the story of an aging driver and the sport itself. As F1 gains traction with U.S. audiences—growing significantly in viewership—there's hope this film can draw in new fans and sponsors to help further develop the sport's presence in America.
Source: YAHOO
Reported 16 days ago
The recent passage of the GENIUS Act by the Senate has ignited a surge in stablecoin-related stocks, particularly Circle and Coinbase, prompting extensive interest from various companies. While analysts express both enthusiasm and caution regarding the future role of stablecoins in the financial system, some suggest their primary utility may be in cross-border remittances rather than consumer products. The pullback in traditional payment giants like Visa and PayPal has left investors pondering the implications of this emerging trend.
Source: YAHOO
Reported 16 days ago
Technical analysts express worries about the sustainability of the S&P 500's recent rise, driven primarily by technology stocks, unless more sectors like financials and small-caps join in. While the S&P 500 is nearing an all-time high, market breadth remains weak, raising concerns about a possible selloff. Analysts point to August as a potential point of weakness, particularly with tariffs and trade negotiations looming, while some still see reasons to remain optimistic in equities.
Source: YAHOO
Reported 16 days ago
This article discusses the current stance of the Federal Reserve, particularly following Chairman Jerome Powell's announcement that interest rates will remain on hold. Experts share insights on how this decision, alongside indicators from the labor and housing markets, may affect investor sentiment and economic projections. The conversation delves into the potential implications for upcoming interest rate cuts and the broader economic environment, including inflation and employment challenges.
Source: YAHOO
Reported 16 days ago
Tech optimism is mirroring the exuberance of 1999, but analysts highlight critical differences that set the current market apart from the dot-com bubble. Despite challenges, Big Tech has rebounded sharply, driven by a mix of factors including improved earnings forecasts and anticipated rate cuts. While the market buzz evokes nostalgia, the underlying technologies and the current economic conditions suggest a more sustainable growth trajectory.
Source: YAHOO
Reported 17 days ago
On June 26, significant financial events include Nike's fourth-quarter earnings release, where analysts anticipate a 15% drop in sales, and McCormick’s earnings report before the market opens. Cleveland Fed President Beth Hammock will also provide remarks following prior testimony from Fed Chair Jerome Powell, who indicated a cautious approach to rate cuts. Additionally, pending home sales data for May is expected to show no change from April, reflecting potential stability in the housing market despite high mortgage rates.
Source: YAHOO
Reported 17 days ago
Source: YAHOO
Reported 17 days ago
Nvidia (NVDA) shares have surged 4%, closing at a new all-time high of $154.31, which boosts the company's market capitalization to approximately $3.77 trillion. This significant increase, attributed to strong earnings and sales, marks over 60% growth since an April low, solidifying Nvidia's position as a leading player in the tech sector. Analysts maintain a positive outlook, with some predicting a target price of $250.
Source: YAHOO
Reported 17 days ago
Corey Rae, the first openly trans prom queen, shares her experiences with financial challenges during her transition in a podcast interview. She discusses nearly $100,000 in costs associated with transitioning and offers practical advice for trans youth on achieving financial independence. The episode emphasizes that self-empowerment includes financial empowerment, highlighting the importance of saving, job creation, and avoiding unnecessary spending.
Source: YAHOO
Reported 17 days ago
General Mills' stock faces pressure following underwhelming fourth-quarter results, while Novo Nordisk's shares decline amidst scrutiny from Spain's Ministry of Health and the collapse of its partnership with Hims & Hers. Investors are keenly awaiting Micron's third-quarter earnings report set to release after the market closes.
Source: YAHOO
Reported 17 days ago
Shell is in discussions to acquire BP in an $80 billion deal, potentially the largest oil merger since ExxonMobil's creation. Meanwhile, Bumble's stock soars as it announces a 30% workforce reduction to save $40 million annually. Nvidia receives a new price target of $250 per share from Loop Capital, anticipating a $6 trillion valuation driven by AI growth.
Source: YAHOO
Reported 17 days ago
Senator Elizabeth Warren criticized President Trump's inconsistent tariff policies, claiming they hinder the Federal Reserve's ability to lower interest rates and are causing a slowdown in business investments and the job market. She highlighted the confusion caused by fluctuating tariff rates, which are leading companies to raise prices in preparation for further tariff impacts.
Source: YAHOO