How important are NVIDIA and Taiwan Semiconductor to the chip industry? Wedbush Securities SVP of equity research Matt Bryson says we 'can't live without' them. More: https://lnkd.in/ekh6tRdp #yahoofinance #finance #AI #tech #markets #money #investing
Yahoo Finance
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Yahoo Finance provides free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Sign up for our daily morning newsletter, the Morning Brief through our profile URL. Sign up for Yahoo Finance's Morning Brief Newsletter. Need-to-know market analysis and finance news delivered right to your inbox: https://bit.ly/3Fq3C7C
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A worldwide tech outage crippled industries from travel to finance on Friday before services started coming back online after hours of disruption, highlighting the risks of a global shift towards digital, interconnected technologies. A software update by global cybersecurity firm CrowdStrike appeared to have triggered systems problems that grounded flights, forced some broadcasters off air and left customers without access to services such as healthcare or banking. https://yhoo.it/4cHBNYq
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Learning how to invest in stocks on your own? You're not alone. According to a Federal Reserve study of consumer finances, the number of US households with direct stock ownership increased by 6% between 2019 and 2022. Here are some basic tips on navigating the investing world. 📝 #yahoofinance #finance #money #markets #investing #stocks
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Yahoo Finance reposted this
Netflix will report second-quarter earnings after the bell today. Below is my breakdown of what to expect and the three things you should look out for... & check out my post (which will be updated with the results after the bell) here: https://lnkd.in/e_RTKNZG #netflix #earnings #yahoofinance #stockmarket #bigtech #earningsseason
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Netflix reported second quarter earnings that beat expectations on Thursday but the stock fell as much as 6% in after hours trading after the streaming giant's outlook missed revenue expectations for the current quarter. Revenue hit $9.56 billion in Q2, an increase of 16.8% compared to the same period last year, as the streamer continued to lean on top-line initiatives like its crackdown on password sharing and ad-supported tier, in addition to last year's price hikes on certain subscription plans. https://lnkd.in/edSTUWxn
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More than 35,000 borrowers will have $1.2 billion in student debt discharged under the public service loan forgiveness (PSLF) program, the Biden administration announced Thursday. The program impacts teachers, nurses, firefighters, social workers, and other public servants, including the military. Debt relief under PSLF now totals $69.2 billion for 946,000 borrowers since October 2021. Under the previous administration, only 2% or around 7,000 PSLF borrowers received forgiveness. “The additional Americans approved for PSLF today are hard-working public servants who will finally receive the financial breathing room they were promised,” Miguel Cardona, U.S. Secretary of Education, said in a press release. https://yhoo.it/3y6T2U3
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Yahoo Finance reposted this
Had so much fun hosting Yahoo Finance's Wealth! show earlier today, especially since I had the chance to speak with Jessica Markowski from Netflix's "Owning Manhattan." 🤩 We chatted about the current housing market, the realities of being a realtor, how to transition career paths and so much more... check it out below! #realestate #netflix #owningmanhattan #serhant #housing #realtor
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Weekly jobless claims rose more than expected last week in the latest sign of a cooling labor market. New data from the U.S. Department of Labor showed 243,000 initial jobless claims were filed in the week ending July 13, up from 222,000 the week prior and above the 229,000 economists had expected. This tied with a weekly jobless claims reading from June for the highest level of weekly filings since August 2023. Meanwhile, the number of continuing applications for unemployment benefits hit its highest level since November 2021, with nearly 1.87 million claims filed in the week ending July 6, up from 1.85 the week prior. Jefferies US economist Thomas Simons reasoned that part of the uptick in weekly claims could have been caused by Hurricane Beryl displacing workers. Still, Simons noted that the trend in recent weeks for jobless claims has reflected more cracks emerging in the labor market. "The data of the past few weeks have been signaling incremental labor market weakness, albeit from a position of extreme strength," Simons wrote in a research note on Thursday. "It is still too early to tell if this is another step in the process of the labor market coming into better balance, or if it is the early stages of building momentum to the downside." The signs of weakness Simons called out have backed the case for the Federal Reserve to begin cutting interest rates soon, per multiple economists. On Monday, Goldman Sachs chief economist Jan Hatzius wrote in a research note that with inflation slowing, the Fed should consider interest rates as early as July, given the recent loosening in the labor market. More: https://lnkd.in/esk88h5k #yahoofinance #finance #economics #jobs #labor
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The national debt is on the cusp of a grim milestone. Outstanding government debt stood at $34.9 trillion as of Tuesday, according to the latest data from the Treasury Department. That's a debt load that now represents over 120% of GDP. https://yhoo.it/3zVASoC
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Investors are increasingly confident that the global economy is headed for a so-called soft landing, where inflation falls toward the Federal Reserve's target without high interest rates sending the economy into a tailspin. On Tuesday, markets began pricing in a 100% chance the Fed will cut interest rates by the end of its September meeting. This sentiment has contributed to a broad stock market rally, with investors rotating out of the high-flying technology stocks of the past year and into more interest-rate-sensitive sectors of the market. In the past five trading sessions, the equal-weight S&P 500, which ranks all stocks in the index equally and isn't overly influenced by the size of the stocks moving higher or lower, has outperformed the traditional market cap-weighted S&P 500. Real Estate and Industrials, both interest-rate-sensitive sectors, have been the market's biggest winners over the same time period, rising about 5%. Meanwhile, Technology and Communication Services are the only sectors with negative returns. Since the inflation report on July 11, the Russell 2000 is up more than 11% in the past five trading days, including a more than 3% bounce on Tuesday alone. Meanwhile, in that period, the S&P 500 is up just 1.5%. That means the small-cap index has outperformed the benchmark index by nearly 10 percentage points, the highest five-day outperformance on record, per Bespoke Investment Group. "The fact that the Russell 2000’s recent rally is both statistically and historically unusual tells us investor sentiment has shifted dramatically and the move very likely has further to run," DataTrek Research co-founder Nick Colas wrote in a morning note on Tuesday. More: https://lnkd.in/eACRC--a #yahoofinance #finance #economics #money #markets
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