Tesla announced a large reduction in staff on the heels of a disappointing Q1 delivery report, following in the footsteps of legacy automakers and pure-play EV ... Show more finance.yahoo.com/news/tesla-layoffs-an-ominous-sign-for-the-company-analyst-says-153652031.html
Trump Media & Technology Group stock sank 18% to close at $26.61 on Monday after the parent company of Donald Trump's social media platform Truth Social filed ... Show more finance.yahoo.com/news/trump-media-stock-tanks-18-on-move-to-issue-millions-of-shares-201103992.html
Quick Glance: The Truth About Truth Social: An Overview
- Thanks to the backing of Trump supporters, Truth Social has reached a billion-dollar valuation, boosting the stock price.
- However, it is a disastrous business.
- Revenue in 2023 amounted to less than $4 million.
- Losses totaled $58 million.
Profits at Goldman Sachs rose 28% in the first quarter as investment banking revenues surged, giving CEO David Solomon some needed momentum at the start of ... Show more finance.yahoo.com/news/profits-surge-at-goldman-sachs-on-wall-street-revival-112940260.html
Retail sales topped Wall Street analysts' expectations in March as consumers continued to spend despite a higher interest rate environment ... Show more finance.yahoo.com/news/retail-sales-topped-wall-street-estimates-in-march-124009661.html
Global shipments of Apple’s iPhone fell nearly 10% in the first quarter despite a broader smartphone market recovery as the company continues to contend with ... Show more finance.yahoo.com/news/global-iphone-shipments-drop-nearly-10-as-apples-2024-woes-continue-161159760.html
Profits for JPMorgan Chase rose 6% in the first quarter to $13.4 billion, beating Wall Street expectations, even as its boss offered some warnings about the ... Show more finance.yahoo.com/news/high-interest-rates-are-getting-more-challenging-for-even-the-biggest-banks-111518014.html
In a blow to Intel and AMD, China has asked its largest telecom carriers to phase out foreign chips.
Quick Glance: China Directs Telecom Carriers to Remove Foreign Chips Impacting Intel, AMD
- Chinese officials have directed the nation's largest telecom carriers to phase out foreign processors from their networks by 2027, impacting American chip giants Intel and Advanced Micro Devices.
- This move comes as Beijing increases efforts to replace Western-made technology with domestic alternatives amid escalating tensions with the U.S.
- Shares of Intel and AMD were down more than 1% in premarket trading following the news.
- The directive comes as the Biden administration tightens curbs on high-tech exports to China.
Meta unveiled details about the next generation of the company's in-house artificial intelligence accelerator chip.
The chip ... Show more finance.yahoo.com/news/meta-debuts-generation-ai-chip-150234676.html
Starbucks doesn’t want you to have to shout to order your iced latte.
The coffee chain’s new and renovated stores include materials like baffles on the ... Show more finance.yahoo.com/news/starbucks-designing-quieter-stores-sure-113000069.html
If you’re a Target shopper, it’s probably welcome news that the beloved retailer is finally launching a subscription and delivery program to compete with ... Show more finance.yahoo.com/personal-finance/target-circle-360-vs-walmart-plus-amazon-prime-210647463.html
Delta Air Lines' first quarter results soared over expectations as demand remained resilient, driven by a steady resurgence in corporate travel ... Show more finance.yahoo.com/news/delta-beats-q1-earnings-expectations-ceo-sees-quite-healthy-travel-demand-this-spring-and-summer-103650069.html
US Steel shareholders approved its proposed $14.9 billion acquisition by Japan's Nippon Steel, taking the merger one step closer to completion even as ... Show more finance.yahoo.com/news/u-steel-shareholders-approve-14-173425118.html
Amazon CEO Andy Jassy is finally going all in on generative AI. In his annual letter to shareholders on Thursday, the Amazon chief said the technology is the ... Show more finance.yahoo.com/news/amazon-ceo-andy-jassy-says-the-benefits-of-ai-will-astound-us-all-142213208.html
The Biden administration is wiping out an additional $7.4 billion worth of student loan debt, impacting about 277,000 borrowers ... Show more finance.yahoo.com/video/biden-admin-cancels-additional-7-165532445.html
Quick Glance: Biden administration announces more student loan cancellation
- A new repayment arrangement by the Biden administration allows for the cancellation of student loans for an additional 206,000 borrowers.
- Through the Education Department's SAVE Plan, nearly 8 million Americans have embraced the plan, with 4.5 million not paying due to lower incomes.
Here's our monthly look at where inflation is being felt the most, according to Wednesday's CPI report.
More: finance.yahoo.com/news/inflation-comes-in-hotter-than-expected-in-march-123324666.html
The Biden administration plans to send up to $6.6 billion in federal grants to the Taiwan Semiconductor Manufacturing Company as the chipmaking giant promises ... Show more finance.yahoo.com/news/tsmc-gets-66-billion-in-chipmaking-cash-from-biden-while-pledging-to-build-a-third-arizona-plant-090026550.html
US credit-card delinquency rates were the highest on record in the fourth quarter, according to a new report.
Almost 3.5% of card balances were at least 30 ... Show more finance.yahoo.com/news/credit-card-delinquency-rates-were-191416468.html
Jay Powell really wants Americans to know that the Fed is not taking into account the presidential election or politics this year when setting monetary policy ... Show more finance.yahoo.com/news/jay-powell-really-wants-americans-to-know-he-is-not-thinking-about-politics-141528564.html
US consumer prices came in hotter than expected in March, according to the latest data from the Bureau of Labor Statistics released Wednesday morning ... Show more finance.yahoo.com/news/inflation-comes-in-hotter-than-expected-in-march-123324666.html
Inflation isn't falling as rapidly as it did last year, and consumers are taking notice.
The one-year inflation projections are now just above the 2 ... Show more finance.yahoo.com/news/consumers-are-getting-frustrated-with-stalling-inflation-151525305.html
US consumer sentiment ebbed in April while inflation expectations for the next 12 months and beyond increased, according to a new report.
"Overall ... Show more yhoo.it/49tV9hi
The European Central Bank kept interest rates at record highs but sent an even clearer signal that it may be preparing to cut them as euro zone inflation ... Show more finance.yahoo.com/news/ecb-holds-rates-record-highs-121816450.html
Apple is aiming to boost sluggish computer sales.
The company is preparing to overhaul its entire Mac line with a new family of in-house processors designed ... Show more finance.yahoo.com/news/apple-plans-overhaul-entire-mac-165009775.html
Uggs to work, Crocs to parties, and Birkenstocks and socks all summer long.
Ugly shoes are here to stay. 😎finance.yahoo.com/news/ugly-shoes-are-here-to-stay-ugg-crocs-thriving-as-consumers-turn-to-comfort-124038951.html
Profits for JPMorgan Chase rose 6% in the first quarter to $13.4 billion, beating Wall Street expectations, even as its boss offered some warnings about the ... Show more finance.yahoo.com/news/high-interest-rates-are-getting-more-challenging-for-even-the-biggest-banks-111518014.html
Ford targets Tesla owners with $1,500 EV 'conquest' rebates: Ford is targeting one automaker in particular when it comes to boosting EV sales: Tesla.
finance.yahoo.com/news/ford-targets-tesla-owners-with-1500-ev-conquest-rebates-184627837.html
Argentina’s central bank cut its main interest rate for the third time since President Javier Milei took office as investors bet on a fresh inflation slowdown ... Show more finance.yahoo.com/news/argentina-cuts-key-rate-70-155545219.html
New York Fed president John Williams offered some reassurances to investors a day after another hot inflation reading spooked markets ... Show more finance.yahoo.com/news/two-fed-officials-offer-reassurances-about-cuts-in-2024-despite-bumps-and-uncertainties-124819526.html
Traders piled into shares of Rent the Runway, sending the shares up by more than 220% after the apparel rental firm said it was betting on artificial ... Show more finance.yahoo.com/news/rent-runway-shares-triple-upbeat-161451711.html
Toyota debuts all-new 4Runner SUV with hybrid powertrain: Toyota debuted its brand-new 2025 4Runner on Wednesday night, giving the SUV its first full makeover in ...
finance.yahoo.com/news/toyota-debuts-all-new-4runner-suv-with-hybrid-powertrain-174750930.html
Starbucks doesn’t want you to have to shout to order your iced latte.
The coffee chain’s new and renovated stores include materials like baffles on the ... Show more yhoo.it/3vUxngz
Delta Air Lines' first quarter results soared over expectations as demand remained resilient, driven by a steady resurgence in corporate travel ... Show more finance.yahoo.com/news/delta-beats-q1-earnings-expectations-ceo-sees-quite-healthy-travel-demand-this-spring-and-summer-103650069.html
Meta unveiled details about the next generation of the company's in-house artificial intelligence accelerator chip.
The chip ... Show more finance.yahoo.com/news/meta-debuts-generation-ai-chip-150234676.html
Like the rest of inflation data, grocery prices are coming in hotter after slightly moderating last year.
Since COVID began in March 2020 ... Show more finance.yahoo.com/news/inflation-grocery-prices-reaccelerate-now-25-higher-than-pre-pandemic-181816678.html
The high-water mark for stock projections in 2024 has once again moved up.
In a note to clients, Wells Fargo's head of equity strategy boosted his year-end ... Show more finance.yahoo.com/news/wall-street-just-gave-its-highest-sp-500-forecast-yet-164148688.html
If you’re a Target shopper, it’s probably welcome news that the beloved retailer is finally launching a subscription and delivery program to compete with ... Show more yhoo.it/3xtOeax
The Biden administration plans to send up to $6.6 billion in federal grants to the Taiwan Semiconductor Manufacturing Company as the chipmaking giant promises ... Show more finance.yahoo.com/news/tsmc-gets-66-billion-in-chipmaking-cash-from-biden-while-pledging-to-build-a-third-arizona-plant-090026550.html
Quick Glance: Billion-Dollar Deal Strengthens US Semiconductor Production and National Security
- The world's largest chipmaker is planning cutting-edge facilities in Arizona with substantial subsidies.
- From 2028, TSMC will produce its most advanced products in Arizona to boost US semiconductor production.
- The $65 billion investment in the US drives 2nm chip production and enhances national security.
- This move supports the goal of relocating 20% of global advanced semiconductor manufacturing onshore by 2030.
Jay Powell really wants Americans to know that the Fed is not taking into account the presidential election or politics this year when setting monetary policy ... Show more finance.yahoo.com/news/jay-powell-really-wants-americans-to-know-he-is-not-thinking-about-politics-141528564.html
JPMorgan Chase CEO Jamie Dimon said in a new shareholder letter Monday that he is worried about a number of risks to a resilient US economy that could ... Show more finance.yahoo.com/news/jpmorgans-jamie-dimon-is-worried-about-stickier-inflation-and-higher-rates-102329136.html
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
Microsoft said it would invest $2.9 billion over two years to expand its cloud and AI infrastructure in Japan.
The investment will also go towards skilling ... Show more finance.yahoo.com/news/microsoft-invest-2-9-billion-103332133.html
Tesla stock closed up nearly 5% on Monday as investors bought into CEO Elon Musk’s latest proclamation that Tesla would debut its long-awaited robotaxi on Aug ... Show more finance.yahoo.com/news/tesla-robotaxis-wall-street-weighs-in-on-elon-musks-latest-gambit-181643531.html
Google revealed the details of a new version of its data center artificial intelligence chips and announced an Arm-based based central processor ... Show more finance.yahoo.com/news/google-unveils-arm-based-data-113603752.html
Quick Glance: Google Introduces New Data Center and AI Chips
- Google recently unveiled details of an update to its data center AI chips and announced an Arm-based processor.
- Google's Tensor Processing Units (TPUs) are a significant alternative to Nvidia's advanced AI chips, accessible through Google Cloud Platform.
- The newly introduced Arm-based processor named Axion offers higher performance compared to x86 chips and general Arm chips in the cloud.
- Google plans to utilize Axion for services like YouTube Ads in Google Cloud in the future, while the TPU v5p chips are now available through Google Cloud.
Rolex's new 2024 watches are a 'return to normalcy' after 'crazy' debuts: Coming off a "hype watch"-fueled 2023, luxury Swiss watch giant Rolex is taking a step ...
finance.yahoo.com/news/rolexs-new-2024-watches-are-a-return-to-normalcy-after-crazy-debuts-174428352.html
Last year, US banks added 94 new branches across the country in 2023, according to the FDIC.
This marks the first annual period since 2012 more branches ... Show more finance.yahoo.com/news/banks-are-building-more-branches-for-the-first-time-in-a-decade-130835898.html
The US economy added more jobs than expected in March while the unemployment rate ticked lower.
Data from the Bureau of Labor Statistics released Friday ... Show more finance.yahoo.com/news/us-economy-adds-303000-jobs-unemployment-falls-to-38-in-march-as-labor-market-continues-to-impress-123226886.html
Quick Glance: US economy adds impressive 303,000 jobs last month
- Employers added 303,000 jobs in March, bringing the unemployment rate down to 3.8%.
- US stock futures rose slightly on Friday morning, but markets have had a rough week.
- The S&P 500 companies are expected to report positive first-quarter earnings, fueling optimism in the market.
- Investors are hopeful for a strong earnings season to continue the stock rally amidst concerns about inflation and interest rates.
Switching jobs has become increasingly rewarding for workers in 2024.
New data from ADP released Wednesday shows the median year-over-year pay increase for ... Show more yhoo.it/3TKXuhT
Americans are receiving bigger tax refunds as the tax day approaches.
The average taxpayer refund jumped to $3,081, a 6% increase over the same week last year ... Show more finance.yahoo.com/news/tax-refunds-jump-6-over-2023-as-tax-deadline-approaches-205145883.html
Federal Reserve Chair Jerome Powell discussed future FOMC monetary policy, emphasizing the need for further data while inflation moves "on a sometimes ... Show more
Disney has successfully fended off activist investor Nelson Peltz in his quest to secure board seats at the company, officially ending a highly contested proxy ... Show more finance.yahoo.com/news/disney-defeats-activist-investor-nelson-peltz-in-proxy-fight-172400941.html
Eurozone inflation fell unexpectedly last month, with consumer prices rising by 2.4% in the year to March as price pressures in the single-currency region ... Show more uk.finance.yahoo.com/news/eurozone-inflation-unexpectedly-falls-100644852.html
Quick Glance: Inflation down in German states, signaling national decline
- Inflation fell in six economically essential German states in March, indicating that national inflation will continue its downward trend.
- Economists will closely monitor national inflation data as Germany releases its figures a day before the Eurozone inflation data on Wednesday.
- German companies expected the lowest prices in three years in March, with forecasts of inflation falling below the European Central Bank's target in the upcoming months.
- An increasing number of ECB policymakers have backed rate cuts, with a June meeting appearing as the most probable time for action, although a meeting is also scheduled for this month.
Consumers are feeling increasingly confident that inflation will continue falling.
The latest University of Michigan survey showed consumers expect inflation ... Show more finance.yahoo.com/news/americans-are-more-confident-inflation-is-on-the-decline-151950769.html
DoorDash is paying its delivery drivers in Pennsylvania additional money for a limited time to cover some benefits normally reserved for full-time employees ... Show more yhoo.it/49lNmSG
Cocoa prices are being deeply affected by climate change and the complexities cultivators face. Master chocolatier Jacques Torres discusses how chocolatiers ... Show more
There is a huge chasm between what Americans say they’ll need in retirement and how much they actually have socked away — regardless of age.
On average ... Show more finance.yahoo.com/news/how-much-americans-think-they-need-for-retirement-vs-what-they-actually-have-saved-are-miles-apart-173136151.html
Quick Glance: The Current Retirement Savings Gap and Generational Saving Patterns
- A recent study revealed that the magic number for retirement in the U.S. has reached a record high of $1.46 million. This amount exceeds by over half a million dollars the magic target of $951,000 reported five years ago.
- The average retirement savings amount for U.S. adults currently stands at $88,400, which is $10,000 less than the 2021 average. The current gap between retirement goals and average savings amounts to $1.37 million.
- The retirement magic number varies by generation - Gen Z believes they need $1.63 million to retire comfortably, while Millennials and Gen X aim for $1.65 million and $1.56 million, respectively.
- The study highlights that Gen Z, on average, starts saving at the age of 22 - 15 years earlier than Boomers and even earlier than Millennials and Gen X, who began at 27 and 31 years old.
GE has completed its breakup into three companies, marking the end of an era for the industrial conglomerate pioneer that was once a symbol of American ... Show more finance.yahoo.com/news/ge-completes-three-way-split-103653223.html
Mrs. Dow Jones breaks down her top three ways couples can combine their finances after getting married.
Need some advice? Legendary investor and CEO of Berkshire Hathaway Warren Buffett has plenty to share: yhoo.it/4a9I9i9
Federal Reserve Chair Jerome Powell discussed the state of the U.S. economy at the Macroeconomics and Monetary Policy Conference at the Federal Reserve Bank of ... Show more
Tesla (TSLA) is hiking prices across a number of regions on the first day of its second quarter.
In the US, Tesla hiked prices of its popular Model Y SUV ... Show more finance.yahoo.com/news/tesla-hikes-prices-in-us-and-china-despite-rivals-cuts-and-incentives-165433975.html
In California, April 1 marks the start of a new challenge for fast food companies. Chains that have at least 60 locations nationwide need to raise their ... Show more finance.yahoo.com/news/chipotle-mcdonalds-well-positioned-as-fast-food-chains-deal-with-californias-rising-wages-125737751.html
Wall Street has a new high water mark for the S&P 500.
Oppenheimer's chief investment strategist now sees the benchmark index ending the year at 5,500 ... Show more yhoo.it/4cCMXOH
FTX co-founder Sam Bankman-Fried will serve 25 years in prison after being convicted of defrauding his customers, investors, and lenders ... Show more yhoo.it/3TUwuhc
Sales of new US single-family homes unexpectedly fell in February after mortgage rates increased during the month, but the underlying trend remained strong ... Show more yhoo.it/3TUnTv1
Online trading app Robinhood launched a new credit card in an effort to expand its foothold in the personal finance market and boost subscriptions to its ... Show more finance.yahoo.com/news/robinhood-ventures-further-beyond-trading-230326552.html
Soon, you'll be able to get donuts with a side of fries. Krispy Kreme said its donuts would be available across McDonald's U.S. restaurants by the end of 2026 ... Show more finance.yahoo.com/news/krispy-kreme-shares-jump-partnership-114805617.html
Chicago Fed President Austan Goolsbee said three rate cuts in 2024 are "in line with my thinking," and that the fundamental story about falling ... Show more yhoo.it/3IWW2UO
Amazon said it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion ... Show more yhoo.it/3TUH7AI
Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be passed on to ... Show more finance.yahoo.com/news/mastercard-visa-reach-30-billion-135820661.html
Quick Glance: Sam Bankman-Fried's Verdict: 25-Year Prison Term - BBC News
- Sam Bankman-Fried received a 25-year prison sentence. Key details from the court hearing in New York were summarized, focusing on his defense lawyer's arguments and the judge's ruling.
- The judge criticized SBF's lack of remorse, noting that he had never expressed a word of regret for committing terrible crimes. Customers who lost money in the collapse reported experiencing nightmares.
- SBF admitted to making a series of poor decisions but claimed that customers could be reimbursed. The judge pointed out that the assertion that customers would be fully repaid through the bankruptcy process was misleading.
- The court hearing also included testimonies from customers who lost significant amounts of money, insights into SBF's background, and the reasons behind the collapse of his company FTX.
Boeing CEO Dave Calhoun will step down at the end of the year, the company announced Monday.
Calhoun's departure comes as the planemaker has dealt with a raft ... Show more finance.yahoo.com/news/boeing-ceo-dave-calhoun-to-step-down-amid-737-max-troubles-120606197.html
Your favorite chocolate treat may soon cost you a bit more than usual.
Cocoa futures surged above an unprecedented $10,000 a metric ton ... Show more finance.yahoo.com/news/cocoa-soars-past-10-000-101953904.html
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics