Reported 13 days ago
Goldman Sachs has stated there is no AI bubble, contrary to fears from some investors and analysts likening it to the 2000 dot-com bubble. In its recent note, the investment firm expressed confidence in the long-term economic benefits of artificial intelligence, predicting an addition of $20 trillion to the U.S. economy due to productivity enhancements. Despite some skepticism from industry figures, Goldman argues that current investments in AI infrastructure are sustainable and justified by potential long-term returns.
Source: YAHOO
Reported 13 days ago
Oracle anticipates that its cloud infrastructure revenue will reach $166 billion by fiscal 2030, accounting for nearly 75% of total sales, driven by diverse customer bookings. CEO Clay Magouyrk highlighted robust commitments, including a $20 billion agreement with Meta and significant projects with OpenAI. Despite a strong cloud revenue rise of 28% to $7.2 billion in the last quarter, overall revenue expectations have led to mixed stock performance.
Source: YAHOO
Reported 13 days ago
Sugar futures prices rose as the dollar index hit a one-week low, prompting short-covering after a period of declining prices. With expectations of increased global sugar supplies, particularly from Brazil and India, sugar continues to face bearish pressures despite recent upticks driven by temporary market reactions.
Source: YAHOO
Reported 13 days ago
Source: BARRONS
Reported 13 days ago
Explore the emerging trends in cross-border commerce and learn how Avalara can transform compliance into a competitive edge. Download our guide to see how leading businesses navigate tariffs, trade regulations, and duty processes, providing actionable strategies to streamline global trade.
Source: YAHOO
Reported 13 days ago
Source: YAHOO
Reported 13 days ago
Beyond Meat, once valued at $13 billion and popular for its plant-based meat substitutes, has seen its stock plummet over 85% this year, reaching a market cap of just $59.9 million. With a high short interest of 40% and ongoing struggles to report profitability, the company's efforts to capitalize on the growing alternative meat market are hindered by inflation, consumer preferences shifting, and negative brand perceptions. Analysts are projecting a 'Moderate Sell' for BYND stock, reflecting a challenging future for the brand.
Source: YAHOO
Reported 13 days ago
Federal Reserve Governor Michael Barr voiced concerns about the rapid growth of stablecoins during a speech at DC Fintech Week, highlighting the potential risks they pose to financial stability. While acknowledging their innovative benefits, he cautioned that the creation of private money can lead to vulnerabilities, particularly during market stresses. Barr noted that unregulated stablecoins are backed by various non-cash assets, which could amplify risks and disrupt other financial markets.
Source: YAHOO
Reported 13 days ago
The article discusses the contrasting dynamics between metals, like gold and silver, and soft commodities, such as coffee and cocoa. While the soft commodities sector recently experienced price surges due to adverse weather conditions affecting supply, metals have seen increases primarily driven by sustained global demand. It explores how short supply in softs can lead to quick price changes, while demand-driven markets, particularly for metals, indicate more long-term expectations, reflecting ongoing uncertainties in global economic policies.
Source: YAHOO
Reported 13 days ago
Source: YAHOO
Reported 13 days ago
In the latest market update, TSMC's stock is struggling despite raising its 2025 revenue outlook, while shares of American Battery Technology nosedive after the US government canceled a crucial $52 million grant. Additionally, United Airlines is experiencing stock pressure due to operational issues at Newark Airport and concerns over the peak in premium travel demand.
Source: YAHOO
Reported 13 days ago
Zach Perret, the CEO of Plaid, believes that artificial intelligence will inevitably shape our financial lives, with the potential for AI chatbots to manage personal finances. During a recent summit, he expressed a desire for fully automated financial management, trusting that AI, like ChatGPT, could handle tasks such as moving money or making investment decisions, even as he acknowledged varying comfort levels among consumers with such technology.
Source: YAHOO
Reported 13 days ago
Source: BARRONS
Reported 13 days ago
Rare earth metals are becoming essential for modern technologies, including electric vehicles, with General Motors (GM) surprising investors by investing in their production since 2021. This strategic move positions GM as the only major U.S. automaker with a domestic magnet source, reducing reliance on China and boosting its EV strategy. As GM's stock shows promise, analysts maintain a bullish outlook on the company's future in the evolving automotive landscape.
Source: YAHOO
Reported 13 days ago
The Vaneck Rare Earth Strategic Metals ETF (REMX) has more than doubled in value over the past six months, raising questions about its future performance amidst geopolitical tensions and supply-demand dynamics. While its price remains below historical highs, there is potential for further growth, making it an intriguing option for investors interested in rare earth metals critical for technology and electric vehicles, though volatility is expected.
Source: YAHOO
Reported 13 days ago
Google's DeepMind is partnering with energy startup Commonwealth Fusion Systems (CFS) to enhance the operation of its upcoming Sparc fusion reactor through AI simulations. By utilizing DeepMind's Torax software, the collaboration aims to optimize how plasma is managed within the reactor, addressing significant challenges in maintaining the necessary conditions for fusion power. This partnership reflects a growing interest in fusion energy as a sustainable electricity source, particularly for data centers.
Source: YAHOO
Reported 13 days ago
EssilorLuxottica achieved record sales in the third quarter, reporting an 11.7% year-on-year increase to €6.9 billion, largely fueled by the success of its AI-powered Ray-Ban smart glasses developed in collaboration with Meta Platforms. The company plans to accelerate production to meet the growing demand for wearable tech, despite raising U.S. prices due to tariffs. The upgraded second-generation Ray-Ban Meta smart glasses, which feature improved technology, launched recently and are expected to expand their market by 2026.
Source: YAHOO
Reported 14 days ago
Saudi Arabia is beginning to reduce its domestic oil consumption for power generation, aiming to free up one million barrels per day for export by 2030 as part of its Vision 2030 initiative. This shift is supported by increased natural gas output, renewable energy deployment, and efficiency improvements, as the country seeks to replace oil in its energy mix. Data shows a notable decline in oil usage for power generation, with significant contributions coming from the Jafurah gas field and expanding renewable energy projects. While the transition faces challenges, the Kingdom is making substantial strides toward energy diversification.
Source: YAHOO
Reported 14 days ago
Source: INVESTORS
Reported 14 days ago
Container freight rates on key trans-Pacific routes have seen significant declines amidst escalating trade conflicts between the U.S. and China, with rates plummeting by 8% in the past week alone. The recently imposed U.S. port fees on Chinese shipping and corresponding tax measures from Beijing are further complicating the situation, leading to a smaller pool of vessels available for operations and expectations of increased costs for consumers. Analysts highlight that these market pressures may greatly impact shipping dynamics and consumer prices in the near future.
Source: YAHOO
Reported 14 days ago
Source: INVESTORS
Reported 14 days ago
DocuSign's CEO Allan Thygesen remarked on Yahoo Finance that the swift advancements by OpenAI are compelling businesses to expedite their strategies or risk falling behind. Despite a decline in stock performance, DocuSign's recent quarterly earnings indicated growth, primarily driven by subscriptions. The company is focusing on integrating new AI capabilities into its products and leveraging its extensive proprietary data to enhance its offerings.
Source: YAHOO
Reported 14 days ago
U.S. regional bank stocks declined after Zions Bancorporation announced a $50 million loss from two loans, raising investor concerns over credit risk amid economic uncertainty. Analysts expressed doubts about Zions' underwriting practices and highlighted the systemic risks following recent bankruptcies and fraud allegations in the sector. As Zions' shares fell, other banks like Western Alliance also faced scrutiny, prompting fears of broader repercussions in the regional banking index due to potential undisclosed losses.
Source: YAHOO
Reported 14 days ago
Source: INVESTORS