19 days ago
Short seller Michael Burry just took a swipe at another richly valued stock: Tesla (TSLA).
Burry, who rose to fame shorting the housing market during the 2008 financial crisis, dubbed the EV maker as "ridiculously overvalued" in a Substack post on Sunday. Business Insider was first to report on Burry's latest missive.
His post took aim at the "tragic algebra" of stock-based compensation, and Tesla was an example. Tesla dilutes its stock by 3.6% a year, he said, and offers no buybacks.
"Tesla's market capitalization is ridiculously overvalued today and has been for a good long time," Burry s
Burry, who rose to fame shorting the housing market during the 2008 financial crisis, dubbed the EV maker as "ridiculously overvalued" in a Substack post on Sunday. Business Insider was first to report on Burry's latest missive.
His post took aim at the "tragic algebra" of stock-based compensation, and Tesla was an example. Tesla dilutes its stock by 3.6% a year, he said, and offers no buybacks.
"Tesla's market capitalization is ridiculously overvalued today and has been for a good long time," Burry s
19 days ago
Bank of America (BAC) says its wealth management clients should start thinking about getting some crypto exposure in their portfolios.
The firm is endorsing a 1%-4% allocation to digital ***** ets for clients of its Merrill, Bank of America Private Bank, and Merrill Edge platforms. Its investment strategists will begin covering four bitcoin ETFs in January.
"For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital ***** ets could be appropriate," Chris Hyzy, chief investment officer at Bank of America Private
The firm is endorsing a 1%-4% allocation to digital ***** ets for clients of its Merrill, Bank of America Private Bank, and Merrill Edge platforms. Its investment strategists will begin covering four bitcoin ETFs in January.
"For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital ***** ets could be appropriate," Chris Hyzy, chief investment officer at Bank of America Private
19 days ago
US stocks slid on Monday, while bitcoin's (BTC-USD) slump deepened as Wall Street's strong late-November rebound took a rockier turn to begin December.
The Nasdaq Composite (^IXIC) dropped 0.4%, while the S&P 500 (^GSPC) fell around 0.5%. The Dow Jones Industrial Average (^DJI) slid around 0.9%, or over 400 points, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday.
Some of Wall Street's biggest names bucked the negative trend. AI chip heavyweight Nvidia (NVDA) fell at the open before reversing course and ultimately gaining over 1%. Apple (AAPL) stock ros
The Nasdaq Composite (^IXIC) dropped 0.4%, while the S&P 500 (^GSPC) fell around 0.5%. The Dow Jones Industrial Average (^DJI) slid around 0.9%, or over 400 points, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday.
Some of Wall Street's biggest names bucked the negative trend. AI chip heavyweight Nvidia (NVDA) fell at the open before reversing course and ultimately gaining over 1%. Apple (AAPL) stock ros
20 days ago
US stocks sank on Monday while bitcoin's (BTC-USD) slump deepened, as Wall Street's strong late-November rebound looked set to hit a speed **** p on the first trading day of December.
Tech led the retreat, with the Nasdaq Composite (^IXIC) down around 1% and the S&P 500 (^GSPC) dropping roughly 0.7%. The Dow Jones Industrial Average (^DJI) slid around 0.6%, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday.
All the "Magnificent Seven" megacap stocks except Amazon (AMZN) pulled back, led by falls of around 1% for Nvidia (NVDA), Meta (META), and Tesla (TSL
Tech led the retreat, with the Nasdaq Composite (^IXIC) down around 1% and the S&P 500 (^GSPC) dropping roughly 0.7%. The Dow Jones Industrial Average (^DJI) slid around 0.6%, after the blue-chip benchmark led Wall Street indexes to a fifth day of gains on Friday.
All the "Magnificent Seven" megacap stocks except Amazon (AMZN) pulled back, led by falls of around 1% for Nvidia (NVDA), Meta (META), and Tesla (TSL
20 days ago
Nvidia’s (NVDA) AI chips have fueled a new debt market, and famed short seller Jim Chanos is flagging its risks.
Emerging AI cloud computing companies looking to rival Big Tech in the market for artificial intelligence have secured large loans backed by the $5 trillion chipmaker’s graphics processing units (GPUs), using that capital to buy more AI chips to scale up their operations. The firms lease ****** e in data centers, fill them with AI hardware, and rent out computing power from that hardware for tech companies to train and run artificial intelligence models.
Four firms in the growing
Emerging AI cloud computing companies looking to rival Big Tech in the market for artificial intelligence have secured large loans backed by the $5 trillion chipmaker’s graphics processing units (GPUs), using that capital to buy more AI chips to scale up their operations. The firms lease ****** e in data centers, fill them with AI hardware, and rent out computing power from that hardware for tech companies to train and run artificial intelligence models.
Four firms in the growing
20 days ago
The Santa Claus rally is usually one of Wall Street’s favorite holiday traditions. Stocks tend to grind higher after Thanksgiving, volatility fades, and December often delivers one of the strongest months of the year.
This year, strategists say, Santa may not show up.
“None [of the months this year] have behaved the way they have seasonally," Amy Wu Silverman, head of derivatives strategy at RBC Capital Markets, told Yahoo Finance.
And there are plenty of reasons why. The year has offered reminder after reminder that this isn’t a normal market cycle: The DeepSeek meltdown in February, Presi
This year, strategists say, Santa may not show up.
“None [of the months this year] have behaved the way they have seasonally," Amy Wu Silverman, head of derivatives strategy at RBC Capital Markets, told Yahoo Finance.
And there are plenty of reasons why. The year has offered reminder after reminder that this isn’t a normal market cycle: The DeepSeek meltdown in February, Presi
20 days ago
Take your Social Security at 62.
That’s the buzzy advice blowing up on TikTok and YouTube.
Droves of “finfluencers,” as these social media personalities doling out financial tips are called, have been posting videos and memes to justify starting Social Security retirement benefits at age 62 — the earliest age allowed — and then investing the money each month in stocks.
That argument is in stark contrast to what most financial advisers and retirement experts have been urging people to do for years, which is to delay tapping your benefit until age 70 if you can afford to, thereby reaping a la
That’s the buzzy advice blowing up on TikTok and YouTube.
Droves of “finfluencers,” as these social media personalities doling out financial tips are called, have been posting videos and memes to justify starting Social Security retirement benefits at age 62 — the earliest age allowed — and then investing the money each month in stocks.
That argument is in stark contrast to what most financial advisers and retirement experts have been urging people to do for years, which is to delay tapping your benefit until age 70 if you can afford to, thereby reaping a la
20 days ago
This year has brought all sorts of twists and turns for investors.
Remember the "Liberation Day" tariff spectacle the market had to digest in April? The S&P 500 (^GSPC) tanked 4.8% the day after President Trump unveiled sweeping tariffs on April 2. The Dow Jones Industrial Average (^DJI) dropped a staggering 1,679 points.
Tariffs are now in effect, though they are not as severe as first advertised. Markets have clawed back losses to trade near record highs.
Crypto has finally been embraced by major financial institutions. And the Federal Reserve has started cutting interest rates again.
Bu
Remember the "Liberation Day" tariff spectacle the market had to digest in April? The S&P 500 (^GSPC) tanked 4.8% the day after President Trump unveiled sweeping tariffs on April 2. The Dow Jones Industrial Average (^DJI) dropped a staggering 1,679 points.
Tariffs are now in effect, though they are not as severe as first advertised. Markets have clawed back losses to trade near record highs.
Crypto has finally been embraced by major financial institutions. And the Federal Reserve has started cutting interest rates again.
Bu
21 days ago
The final month of the year gets underway on Monday, and investors will be looking for a smoother month to round out the year after choppy November trading saw the Nasdaq Composite (^IXIC) snap a seven-month winning streak while the S&P 500 (^GSPC) moved back to within 1% of a record high.
On Friday, markets ended the week by notching a fifth straight session of gains to close out the up-and-down month in a holiday-shortened trading session. And despite snapping its monthly winning streak, the Nasdaq is also within 3% of a record. The Dow is less than 2% off its record close.
And while the f
On Friday, markets ended the week by notching a fifth straight session of gains to close out the up-and-down month in a holiday-shortened trading session. And despite snapping its monthly winning streak, the Nasdaq is also within 3% of a record. The Dow is less than 2% off its record close.
And while the f
21 days ago
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with:
What we're watching
What we're reading
Economic data releases and earnings
The three-year anniversary of ChatGPT's release is on Sunday.
https://finance.yahoo.com/...
What we're watching
What we're reading
Economic data releases and earnings
The three-year anniversary of ChatGPT's release is on Sunday.
https://finance.yahoo.com/...
21 days ago
By Matt Tracy
Nov 30 (Reuters) - President Donald Trump has commuted the seven-year sentence of former GPB Capital Holdings CEO David Gentile, with a White House official on Sunday countering the claims at trial brought by the Biden administration that led to Gentile's conviction last year.
Founded in 2013, GPB Capital Holdings used investor funds to take stakes in automotive, retail and other types of companies. It paid out regular annual distributions to investors from returns on these holdings.
Former President Joe Biden's Department of Justice convicted then-CEO Gentile of securitie
Nov 30 (Reuters) - President Donald Trump has commuted the seven-year sentence of former GPB Capital Holdings CEO David Gentile, with a White House official on Sunday countering the claims at trial brought by the Biden administration that led to Gentile's conviction last year.
Founded in 2013, GPB Capital Holdings used investor funds to take stakes in automotive, retail and other types of companies. It paid out regular annual distributions to investors from returns on these holdings.
Former President Joe Biden's Department of Justice convicted then-CEO Gentile of securitie
21 days ago
This post was originally published on TKer.co on October 15, 2021.
The stock market can be an intimidating place: it’s real money on the line, there’s an overwhelming amount of information to follow, and people have lost fortunes in it very quickly.
But it’s also a place where thoughtful investors have long accumulated a lot of wealth.
The primary difference between positive and negative outcomes is related to misconceptions about the stock market that can lead people to make poor investment decisions.
With that in mind, I present to you ten truths about the stock market.¹
https://finan
The stock market can be an intimidating place: it’s real money on the line, there’s an overwhelming amount of information to follow, and people have lost fortunes in it very quickly.
But it’s also a place where thoughtful investors have long accumulated a lot of wealth.
The primary difference between positive and negative outcomes is related to misconceptions about the stock market that can lead people to make poor investment decisions.
With that in mind, I present to you ten truths about the stock market.¹
https://finan
21 days ago
Listen and subscribe to Decoding Retirement on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.
How can you tell if you're truly ready to retire, both financially and emotionally?
The answer might surprise you, according to Jeremy Keil, a certified financial planner with Keil Financial Partners and author of "Retire Today."
"I don't know if you can ever truly tell you're ready for retirement," Keil said in a recent Decoding Retirement podcast. "But I will tell you that virtually everyone who is retired, they say, 'Go ahead and do it.'"
From a financial standpoint, Keil
How can you tell if you're truly ready to retire, both financially and emotionally?
The answer might surprise you, according to Jeremy Keil, a certified financial planner with Keil Financial Partners and author of "Retire Today."
"I don't know if you can ever truly tell you're ready for retirement," Keil said in a recent Decoding Retirement podcast. "But I will tell you that virtually everyone who is retired, they say, 'Go ahead and do it.'"
From a financial standpoint, Keil
21 days ago
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with:
What we're watching
What we're reading
Economic data releases and earnings
Americans gathering at the Thanksgiving table to talk about cryptocurrency has been a holiday staple since 2017. This year, a new innovation took its place: prediction markets.
https://finance.yahoo.com/...
What we're watching
What we're reading
Economic data releases and earnings
Americans gathering at the Thanksgiving table to talk about cryptocurrency has been a holiday staple since 2017. This year, a new innovation took its place: prediction markets.
https://finance.yahoo.com/...
21 days ago
US stocks rose during a holiday-shortened trading day on Friday as a volatile month drew to a close and the Nasdaq Composite (^IXIC) snapped a seven-month win streak.
The tech-heavy Nasdaq Composite (^IXIC) and blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6%. The generalist S&P 500 (^GSPC) rose by 0.5%, marking the fifth straight day of gains for the major indexes.
Stocks rebounded sharply this week as traders ramped up bets that the Federal Reserve will cut interest rates at its meeting in December, less than two weeks away. Renewed f
The tech-heavy Nasdaq Composite (^IXIC) and blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6%. The generalist S&P 500 (^GSPC) rose by 0.5%, marking the fifth straight day of gains for the major indexes.
Stocks rebounded sharply this week as traders ramped up bets that the Federal Reserve will cut interest rates at its meeting in December, less than two weeks away. Renewed f
21 days ago
This article first appeared in the Yahoo Finance Tech newsletter. Get the newsletter sent directly to your inbox every week by subscribing here.
It's just about the most wonderful time of the year. If you're like me, you spent Thanksgiving stuffing your face with enough turkey, gravy, and sides to fill a small swimming pool and, after a brief nap, started looking for the best Black Friday tech deals to score some savings on this year's holiday gifts.
But Black Friday is no longer as simple as rushing into a big box store and trampling your neighbor to grab the last big-screen TV on sale.
AI
It's just about the most wonderful time of the year. If you're like me, you spent Thanksgiving stuffing your face with enough turkey, gravy, and sides to fill a small swimming pool and, after a brief nap, started looking for the best Black Friday tech deals to score some savings on this year's holiday gifts.
But Black Friday is no longer as simple as rushing into a big box store and trampling your neighbor to grab the last big-screen TV on sale.
AI
21 days ago
US stocks rose during a holiday-shortened trading day on Friday as a volatile month drew to a close and the Nasdaq Composite (^IXIC) snapped a seven-month win streak.
The tech-heavy Nasdaq Composite (^IXIC) and blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6%. The generalist S&P 500 (^GSPC) rose by 0.5%, marking the fifth straight day of gains for the major indexes.
Stocks rebounded sharply this week as traders ramped up bets that the Federal Reserve will cut interest rates at its meeting in December, less than two weeks away. Renewed f
The tech-heavy Nasdaq Composite (^IXIC) and blue-chip Dow Jones Industrial Average (^DJI) led the market higher on Black Friday, gaining around 0.6%. The generalist S&P 500 (^GSPC) rose by 0.5%, marking the fifth straight day of gains for the major indexes.
Stocks rebounded sharply this week as traders ramped up bets that the Federal Reserve will cut interest rates at its meeting in December, less than two weeks away. Renewed f
21 days ago
The boom in metal-intensive technologies like data centers and electric vehicles has made it a prime time to be in the US aluminum business.
Prices are booming. Part of that is because inside every data center are cooling units, server racks, radiators, and a litany of other pieces and parts made out of aluminum.
No wonder demand is high.
But data centers guzzle enormous amounts of power, and electricity prices are skyrocketing. In the US alone, electricity demand is expected to grow five to 10 times faster over the next 10 years than it did in the previous decade, per Bank of America.
For
Prices are booming. Part of that is because inside every data center are cooling units, server racks, radiators, and a litany of other pieces and parts made out of aluminum.
No wonder demand is high.
But data centers guzzle enormous amounts of power, and electricity prices are skyrocketing. In the US alone, electricity demand is expected to grow five to 10 times faster over the next 10 years than it did in the previous decade, per Bank of America.
For
21 days ago
Seniors have embraced Medicare Advantage plans for their free or deeply discounted perks such as eyeglasses, dental coverage, gym memberships, and reimbursements for — not joking — golf clubs and pickleball paddles.
While those plan perks are a pleasure to imagine using, many people never touch them.
“Medicare Advantage enrollees often don't know which supplemental benefits are offered by their plans or how to use them,” Gretchen Jacobson, vice president for Medicare at the Commonwealth Fund, a nonprofit research foundation, told Yahoo Finance.
“Most Medicare Advantage enrollees say that th
While those plan perks are a pleasure to imagine using, many people never touch them.
“Medicare Advantage enrollees often don't know which supplemental benefits are offered by their plans or how to use them,” Gretchen Jacobson, vice president for Medicare at the Commonwealth Fund, a nonprofit research foundation, told Yahoo Finance.
“Most Medicare Advantage enrollees say that th
21 days ago
Medicare premiums are set to increase for 2026, putting a dent in retirees' Social Security checks.
The Centers for Medicare & Medicaid Services announced that 2026 monthly Part B premiums will climb to $202.90, an increase of $17.90 from $185 this year. And the annual Part B deductible, which most people must pay before their Medicare coverage begins, will rise by $26 in 2026, to $283 from $257 in 2025.
“That’s the second-highest Part B premium increase in program history,” Mary Johnson, a Social Security and Medicare policy **** yst, told Yahoo Finance.
It hits just as seniors are coming
The Centers for Medicare & Medicaid Services announced that 2026 monthly Part B premiums will climb to $202.90, an increase of $17.90 from $185 this year. And the annual Part B deductible, which most people must pay before their Medicare coverage begins, will rise by $26 in 2026, to $283 from $257 in 2025.
“That’s the second-highest Part B premium increase in program history,” Mary Johnson, a Social Security and Medicare policy **** yst, told Yahoo Finance.
It hits just as seniors are coming
24 days ago
Why are short sellers comparing Nvidia to Enron?
What specific vendor financing allegations is Nvidia facing?
What broader AI market concerns do critics raise?
How is Nvidia defending against these market concerns?
Nvidia (NVDA) sent a memo to Wall Street **** ysts over the weekend arguing that it is not engaged in vendor financing, a controversial practice in which suppliers invest in or extend loans to their own customers.
https://finance.yahoo.com/...
What specific vendor financing allegations is Nvidia facing?
What broader AI market concerns do critics raise?
How is Nvidia defending against these market concerns?
Nvidia (NVDA) sent a memo to Wall Street **** ysts over the weekend arguing that it is not engaged in vendor financing, a controversial practice in which suppliers invest in or extend loans to their own customers.
https://finance.yahoo.com/...
24 days ago
US stocks moved higher on Wednesday, notching their best four-day streak since May heading into the Thanksgiving holiday as Wall Street optimism grew over the odds of an interest-rate cut next month.
The Dow Jones Industrial Average (^DJI) rose 0.7%, over 300 points, while the S&P 500 (^GSPC) also moved up 0.7%. The tech-heavy Nasdaq Composite (^IXIC) added nearly 0.8%, following Tuesday's sharp gains.
Tech names have again helped to buoy the market. Alphabet (GOOG) shares slipped from record highs while Nvidia (NVDA) popped more than 1%, with both tech names reversing course from the previo
The Dow Jones Industrial Average (^DJI) rose 0.7%, over 300 points, while the S&P 500 (^GSPC) also moved up 0.7%. The tech-heavy Nasdaq Composite (^IXIC) added nearly 0.8%, following Tuesday's sharp gains.
Tech names have again helped to buoy the market. Alphabet (GOOG) shares slipped from record highs while Nvidia (NVDA) popped more than 1%, with both tech names reversing course from the previo
24 days ago
US stocks moved higher on Wednesday, notching their best four-day streak since May heading into the Thanksgiving holiday as Wall Street optimism grew over the odds of an interest-rate cut next month.
The Dow Jones Industrial Average (^DJI) rose 0.7%, over 300 points, while the S&P 500 (^GSPC) also moved up 0.7%. The tech-heavy Nasdaq Composite (^IXIC) added nearly 0.8%, following Tuesday's sharp gains.
Tech names have again helped to buoy the market. Alphabet (GOOG) shares slipped from record highs while Nvidia (NVDA) popped more than 1%, with both tech names reversing course from the previo
The Dow Jones Industrial Average (^DJI) rose 0.7%, over 300 points, while the S&P 500 (^GSPC) also moved up 0.7%. The tech-heavy Nasdaq Composite (^IXIC) added nearly 0.8%, following Tuesday's sharp gains.
Tech names have again helped to buoy the market. Alphabet (GOOG) shares slipped from record highs while Nvidia (NVDA) popped more than 1%, with both tech names reversing course from the previo
25 days ago
JPMorgan's (JPM) top stock market strategists think 2026 will be another good year for US investors.
The firm's equity strategy team, led by Dubravko Lakos-Bujas, set a year-end price target of 7,500 for the S&P 500 (^GSPC) in 2026.
Should the Federal Reserve continue cutting interest rates, however, the bank thinks the S&P 500 could surpass 8,000 in the year ahead.
"Despite AI bubble and valuation concerns, we see current elevated multiples correctly anticipating above-trend earnings growth, an AI capex boom, rising shareholder payouts, and easier fiscal policy (i.e. [One Big Beautiful Bil
The firm's equity strategy team, led by Dubravko Lakos-Bujas, set a year-end price target of 7,500 for the S&P 500 (^GSPC) in 2026.
Should the Federal Reserve continue cutting interest rates, however, the bank thinks the S&P 500 could surpass 8,000 in the year ahead.
"Despite AI bubble and valuation concerns, we see current elevated multiples correctly anticipating above-trend earnings growth, an AI capex boom, rising shareholder payouts, and easier fiscal policy (i.e. [One Big Beautiful Bil
25 days ago
US stocks moved higher on Wednesday, looking to add to a run of wins on the last day of trading before Thanksgiving as Wall Street stays upbeat on an interest-rate cut next month.
The Dow Jones Industrial Average (^DJI) rose 0.8%, while the S&P 500 (^GSPC) also moved up 0.8%. The tech-heavy Nasdaq Composite (^IXIC) added almost 1%, following Tuesday's sharp gains that were led by a 660-point jump in the Dow.
Stocks are gearing up for their fourth straight advance after tech names helped buoy the broader market to begin the week. Shares in Alphabet (GOOG) ended Tuesday at a fresh record high
The Dow Jones Industrial Average (^DJI) rose 0.8%, while the S&P 500 (^GSPC) also moved up 0.8%. The tech-heavy Nasdaq Composite (^IXIC) added almost 1%, following Tuesday's sharp gains that were led by a 660-point jump in the Dow.
Stocks are gearing up for their fourth straight advance after tech names helped buoy the broader market to begin the week. Shares in Alphabet (GOOG) ended Tuesday at a fresh record high
25 days ago
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning, along with:
What we're watching
What we're reading
Economic data releases and earnings
Wall Street still expects the rush to join the AI buildout will continue in the year ahead.
https://finance.yahoo.com/...
What we're watching
What we're reading
Economic data releases and earnings
Wall Street still expects the rush to join the AI buildout will continue in the year ahead.
https://finance.yahoo.com/...
25 days ago
Tesla's (TSLA) Europe woes are only getting worse.
According to the European Automobile Manufacturers' **** ociation (ACEA), Tesla electric vehicle registrations (a proxy for sales) in Europe fell to just 6,964 units in October, a 48.5% drop compared to a year ago. Meanwhile, total EV registrations in the region, which includes the UK and the European Free Trade **** ociation, rose 32.9% in October, with overall registrations regardless of powertrain up 4.9%.
October's total marks the 10th straight month of declining Tesla sales in Europe. Meanwhile, the overall market share of EVs in the br
According to the European Automobile Manufacturers' **** ociation (ACEA), Tesla electric vehicle registrations (a proxy for sales) in Europe fell to just 6,964 units in October, a 48.5% drop compared to a year ago. Meanwhile, total EV registrations in the region, which includes the UK and the European Free Trade **** ociation, rose 32.9% in October, with overall registrations regardless of powertrain up 4.9%.
October's total marks the 10th straight month of declining Tesla sales in Europe. Meanwhile, the overall market share of EVs in the br
25 days ago
While President Trump has a list of five finalists for the next chair of the Federal Reserve, he said last week that he thinks he knows who he'll pick.
"I think I already know my choice," Trump told reporters in the Oval Office regarding who will replace outgoing Fed Chair Jerome Powell, whose term ends in May. "I'd love to get the guy currently in there out right now, but people are holding me back."
Treasury Secretary Scott Bessent has been leading the interview process and said last week that the president will be sitting down with the candidates soon.
The five candidates on the shortlis
"I think I already know my choice," Trump told reporters in the Oval Office regarding who will replace outgoing Fed Chair Jerome Powell, whose term ends in May. "I'd love to get the guy currently in there out right now, but people are holding me back."
Treasury Secretary Scott Bessent has been leading the interview process and said last week that the president will be sitting down with the candidates soon.
The five candidates on the shortlis
25 days ago
HP Inc. (HPQ) is doubling down on artificial intelligence — and betting it will replace thousands of jobs in the process.
"There are many things that today we have to do using people ... that in the future AI will do better and will do faster," CEO Enrique Lores told Yahoo Finance (video above).
It's not just an HP issue, he added, but an "industrywide" shift companies must embrace to stay competitive.
That transformation is reshaping HP. The company on Tuesday unveiled a sweeping AI initiative tied to new restructuring efforts. HP expects to eliminate 4,000 to 6,000 jobs globally and gener
"There are many things that today we have to do using people ... that in the future AI will do better and will do faster," CEO Enrique Lores told Yahoo Finance (video above).
It's not just an HP issue, he added, but an "industrywide" shift companies must embrace to stay competitive.
That transformation is reshaping HP. The company on Tuesday unveiled a sweeping AI initiative tied to new restructuring efforts. HP expects to eliminate 4,000 to 6,000 jobs globally and gener
25 days ago
US stocks ended sharply higher Tuesday, building on a broad rebound fueled by growing optimism that the Federal Reserve will deliver a rate cut next month, while tech heavyweights Alphabet (GOOG, GOOGL) and Apple (AAPL) posted record highs.
The Dow Jones Industrial Average (^DJI) jumped more than 1.4%, or over 600 points, while the S&P 500 (^GSPC) rose 0.9%. The tech-heavy Nasdaq Composite (^IXIC) shook off an early slide to trade around 0.7% higher, after Monday’s session delivered a strong start to the holiday-shortened trading week.
Stocks have built on the momentum that saw the Nasdaq su
The Dow Jones Industrial Average (^DJI) jumped more than 1.4%, or over 600 points, while the S&P 500 (^GSPC) rose 0.9%. The tech-heavy Nasdaq Composite (^IXIC) shook off an early slide to trade around 0.7% higher, after Monday’s session delivered a strong start to the holiday-shortened trading week.
Stocks have built on the momentum that saw the Nasdaq su
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