Senate hearing to examine the need to protect Americans' privacy from AI

Senate hearing to examine the need to protect Americans’ privacy from AI About Yahoo financial: Yahoo financial provides free stock ticker data, up-to-date news, investment mix management resources, comprehensive industry data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at financial.yahoo.com – Download the … Read more

September firmly on pace for Fed rate cut, strategist says

Inflation fell in June, according to the latest Consumer Price Index (CPI) print, as prices declined by 0.1% in the month where estimates originally called for a 0.1% increase. This could be a glimmer of sunshine for the US economy and the chances of an finance charge rate cut, but how are equity markets (^DJI, … Read more

'Magnificent 7' shares might not be the industry focus anymore: Strategist

The S&P 500 has been on a tear, largely due to the “Magnificent Seven” – Amazon (AMZN), Apple (AAPL), Alphabet (GOOG,GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) which make up about a third of the value of the index. With some bullish sentiment on Wall Street gaining momentum, will the other 493 … Read more

AMD plans to acquire Silo AI in $665 million deal

Advanced Micro Devices (AMD) is getting a lift following news of the semiconductor maker’s plans to acquire Finnish artificial intelligence firm Silo AI. Josh Lipton and Julie Hyman discuss AMD’s move to further boost its position in the AI landscape. About Yahoo financial: Yahoo financial provides free stock ticker data, up-to-date news, investment mix management … Read more

Why the pace of wealth increases is slowing globally

A recent UBS Global Wealth report reveals that global wealth increased by 4.2% in 2023. However, the report also indicates a deceleration in the rate at which individuals are accumulating wealth. To shed light on this trend, UBS Global Wealth Management chief economist Paul Donovan offers his examination. Donovan explains that the primary factor behind … Read more

Amazon is ‘well positioned in the battle of the AI titans’: Analyst

#amazon #yahoofinance #yotubeshorts Maxim Group managing director and senior consumer internet analyst Tom Forte favors Amazon in the next chapter of the AI race and broader Big Tech development. About Yahoo money management: Yahoo money management provides free stock ticker data, up-to-date news, investment mix management resources, comprehensive industry data, advanced tools, and more information … Read more

'The industry is rigged': Day trader explains #yahoofinance

#youtubeshorts Kenny Glick, owner of HitTheBid.com, joins Yahoo financial’s Jared Blikre for the latest episode of shares in Translation to discuss the state of the industry and break down some of his funding strategies. About Yahoo financial: Yahoo financial provides free stock ticker data, up-to-date news, investment mix management resources, comprehensive industry data, advanced tools, … Read more

How to position your collection of investments for Fed rate cuts

Federal Reserve Chair Jerome Powell is on his second day of testimonies before the Senate, speaking on how the Fed is still taking in economic data in order to make an informed decision around potential finance charge rate cuts. With many different factors in play, how could a potential rate cut play out in the … Read more

Microsoft, Apple drop OpenAI board plans

Major tech companies are retreating from their push to secure board observer positions at OpenAI amid growing regulatory concerns. According to a report from Bloomberg, Microsoft (MSFT) will withdraw from the board and Apple (AAPL) will not join the board as planned due to OpenAI dropping the board observer position. About Yahoo money management: Yahoo … Read more

AI will continue to power industry rally: BlackRock

The S&P 500 (^GSPC) closed higher for the 36th time in 2024 on Tuesday. The tech heavy index can attribute much of its gains from the AI sector as about 30% of its value comes from the Magnificent 7 group of tech equities. According to a report from BlackRock, this hype is not expected to … Read more