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U.S. Treasury yields slide after retail sales tumbled in May, raising recession fears
The decline in retail sales during May led to a drop in U.S. Treasury yields, increasing demand for bonds and signaling growing worries about economic deceleration.
Read Full Article →AI will shrink Amazon's workforce in the coming years, CEO Jassy says
Amazon plans to reduce its employee numbers over time as the integration of advanced AI technologies aims to improve efficiency and potentially lower operational expenses.
Read Full Article →JPMorgan moves further into crypto with stablecoin-like token JPMD
JPMorgan’s introduction of JPMD represents a strategic step into digital assets, potentially influencing the market by offering a new form of blockchain-based value transfer within...
Read Full Article →Amazon CEO makes a big prediction on AI — plus, Salesforce hikes prices and a housing market update
The remarks from Amazon’s CEO on artificial intelligence could impact market trends, while Salesforce’s increased fees and recent developments in real estate may influence investme...
Read Full Article →Canva expands from design into analytics with acquisition of MagicBrief
By acquiring MagicBrief, Canva aims to enhance its offerings by integrating marketing performance insights, potentially increasing customer engagement and creating new revenue stre...
Read Full Article →Oil prices rise more than 3% after Trump threatens Iran's leader, calls for unconditional surrender
The increase in crude oil costs reflects heightened geopolitical tensions, potentially impacting global energy markets and prompting concerns over supply disruptions amid escalatin...
Read Full Article →Reddit stock jumps after company rolls out new AI advertising tools
The introduction of advanced AI advertising features by Reddit has attracted investor interest, leading to a notable increase in the company’s market value as brands seek enhanced...
Read Full Article →How Senate GOP 'no tax on tips' proposal differs from House Republican plan
The Senate’s approach to exempting gratuities from taxation presents variations that could impact revenue collection and economic behavior differently compared to the earlier House...
Read Full Article →Investors see stagflation ahead but slow interest rate cuts, CNBC Fed survey finds
Market participants anticipate prolonged economic challenges with subdued monetary easing, reflecting expectations of reduced expansion and persistent price increases compared to e...
Read Full Article →JetBlue to cut more flights, other costs with break-even 2025 'unlikely' due to weaker travel demand
JetBlue Airways is implementing additional flight reductions and expense controls as reduced traveler activity challenges the company’s ability to achieve profitability by 2025.
Read Full Article →Republicans move to eliminate payment pauses for struggling student loan borrowers
The proposed legislation by GOP lawmakers aims to end temporary relief for individuals facing unemployment or financial difficulties, potentially impacting their ability to postpon...
Read Full Article →Tesla stock slips after report EV maker is halting Cybertruck and Model Y production
Tesla's decision to pause production of key vehicle models may impact its revenue streams, while the upcoming robotaxi launch in Austin introduces a new avenue for potential growth...
Read Full Article →Retail sales fell 0.9% in May, worse than expected, as consumers pulled back
The unexpected drop in retail sales highlights reduced consumer spending, influenced by lower fuel purchases and growing concerns about future economic stability, which may affect...
Read Full Article →Top oil CEOs sound the alarm as Israel-Iran strikes escalate
Rising tensions between Israel and Iran have raised concerns among leading energy executives about potential disruptions that could impact global oil supply and market stability.
Read Full Article →Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers
The decline in homebuilder confidence reflects ongoing challenges from elevated borrowing costs, trade policy worries, and consumer hesitation, which may impact housing market acti...
Read Full Article →Gold is near an all-time high—here's how much a Costco bar bought a year ago is worth today
Over the past year, the value of a Costco gold bar has increased significantly, reflecting broader market trends and potential opportunities for individuals considering selling the...
Read Full Article →Yum! Brands names CFO Chris Turner as its next CEO
The appointment of Chris Turner as CEO is anticipated to influence Yum! Brands' strategic financial management and potentially impact investor confidence and market performance sta...
Read Full Article →Nasdaq-traded Chinese herb company hits near $30 billion market value after speculative surge
A company specializing in herbal remedies for childhood developmental conditions has experienced an extraordinary increase in market capitalization, reflecting significant investor...
Read Full Article →'Because I like them': The UK has a magic formula that won over Trump
The UK’s approach, combining leadership style and trade strategies, has had notable economic implications by influencing business relations and investment opportunities with the Un...
Read Full Article →Targeted cancer drugs may replace chemo for some patients — and drugmakers say they're getting close...
Pharmaceutical companies are advancing the development of specialized cancer treatments, potentially reducing reliance on chemotherapy and driving significant market growth through...
Read Full Article →Solar stocks plummet as Senate version of Trump's tax bill cuts renewable energy incentives
The potential elimination of renewable energy incentives by 2028 in the Senate’s tax proposal has led to a notable decline in the market value of companies involved in solar power.
Read Full Article →SK Hynix shares soar to over 2-decade highs as chipmaker's parent reportedly plans AI data center
The chipmaker experienced a significant increase in stock value, reflecting growing investor confidence driven by anticipated expansion related to artificial intelligence data cent...
Read Full Article →Bank of Japan to slow cuts to government bond purchases from April next year as growth risks loom
The Bank of Japan’s decision to reduce the rate of government bond acquisitions starting next April reflects caution amid potential economic challenges, potentially impacting finan...
Read Full Article →Gold outshines Treasurys, yen and Swiss franc as the ultimate safe haven
Gold's unique status as an asset not tied to any issuer makes it a preferred choice for investors seeking security amid fluctuating Treasury yields and currency uncertainties.
Read Full Article →AMD shares rise 9% after analysts say they expect a 'snapback' for chipmaker
The notable increase in AMD's stock reflects positive market expectations following an upgraded price target from analysts, highlighting renewed investor confidence in the company’...
Read Full Article →Amazon Kuiper second satellite launch postponed by ULA due to rocket booster issue
The delay in launching the second satellite could impact Amazon's timeline and financial plans for expanding its satellite-based internet service, potentially affecting revenue pro...
Read Full Article →Justin Sun's Tron to go public through reverse merger in deal led by Trump-linked bank
Justin Sun’s Tron will become a publicly traded company by merging with a toy manufacturer, a move facilitated by a financial institution connected to former President Trump.
Read Full Article →Federal Reserve is likely to hold interest rates steady this week. Here's what that means for your m...
The Federal Reserve's anticipated pause on rate changes could influence borrowing expenses and returns across various financial products, affecting everyday consumer loans and savi...
Read Full Article →U.S. Steel shares rally as Trump approves Nippon takeover with unique government 'golden share'
The approval of the merger between U.S. Steel and Nippon Steel, coupled with government oversight rights, has contributed to a notable increase in U.S. Steel’s stock value.
Read Full Article →As G7 leaders meet, allies ask: Is Trump with us or against us?
Ongoing disagreements over trade tariffs between the United States and other G7 countries continue to impact economic relationships and influence financial decisions among these ma...
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