Asia stocks slide, gold rises as Middle East conflict sparks safety rush
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Asian shares slumped and gold prices rose as risk sentiment took a hit after Iran's retaliatory attack on Israel stoked fears of a wider regional conflict and kept traders on edge. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7% after Iran had, late on Saturday, launched explosive drones and missiles at Israel in retaliation for a suspected Israeli attack on its consulate in Syria on April 1. The threat of open warfare erupting between the arch Middle East foes and dragging in the United States has left the region on tenterhooks. U.S. President Joe Biden warned Prime Minister Benjamin Netanyahu the U.S. will not take part in a counter-offensive against Iran. The escalating tensions also sparked a flight to safety that sent gold rising 0.51% to $2,356.39 an ounce and the safe-haven dollar broadly higher, extending its 1.6% rise from last week. Oil prices, however, hardly reacted to the news, as traders had largely priced in a retaliatory attack from Iran that would likely further disrupt supply chains. U.S. stock futures, meanwhile, ticked higher, after a heavy selloff on Wall Street on Friday as results from major U.S. banks failed to impress. U.S. Treasury yields held near their recent highs as traders pared back their expectations of the pace and scale of rate cuts from the Federal Reserve this year. The benchmark 10-year yield last stood at 4.5277%, while the two-year yield held near the 5% level and was last at 4.8966%. A continued run of resilient U.S. economic data, particularly last week's hotter-than-expected inflation report, has added to the view that U.S. rates could remain higher for longer, and that a Fed easing cycle is unlikely to commence in June. The shift in rate expectations has halted bitcoin's blistering rally, after the world's largest cryptocurrency repeatedly notched fresh records this year thanks to flows into new spot bitcoin exchange-traded funds and expectations of imminent Fed cuts.

#AsiaStocks #Gold #MiddleEastConflict #SafetyRush

https://finance.yahoo.com/news/gold-rises-oil-choppy-iran-235750196.html


Earnings from more banks, Netflix, and retail sales: What to know this week
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This week, investors can expect earnings reports from Bank of America, Goldman Sachs, Morgan Stanley, United Airlines, and Netflix. Retail sales data for March will also be released. Fears of sticky inflation may prevent the Federal Reserve from cutting interest rates, leading economists to predict that the Fed will hold rates steady until at least the fall. The first set of earnings reports from JPMorgan Chase, Wells Fargo, and Citigroup showed declining net interest income. The market is looking for revenue growth and strong earnings to support the recent signs of an accelerating US economy. S&P 500 revenue for the first quarter is expected to grow 3.4%, below the 10-year average of 5.1%.

#Earnings #Banks #Netflix #RetailSales #FederalReserve #Inflation

https://finance.yahoo.com/news/earnings-from-more-banks-netflix-and-retail-sales-what-to-know-this-week-130004824.html


New Masters Apple Vision Pro app gives golf fans whole new way to experience the tournament
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The Masters Tournament is introducing a new app called Apple Vision Pro in collaboration with IBM to enhance the golf fan experience. The app utilizes virtual reality and generative AI to provide fans with a more immersive and detailed view of the tournament. One of the app's features, called Hole Insights, uses historical tournament data to give fans a breakdown of how the course at Augusta National Golf Course has played over the years. The app aims to make the game more approachable for new fans and allow lifelong fans to feel more connected to the action. The Masters Tournament is held at Augusta National, one of the most exclusive country clubs in the world, and tickets are limited to lottery winners. The app provides an affordable alternative for fans who cannot attend the event in person. In-person attendees contribute to the local economy by spending on various goods and services, showcasing the rebound of the experience economy.

#MastersTournament #Golf #AppleVisionPro #Ibm #AugustaNationalGolfCourse

https://finance.yahoo.com/news/new-masters-apple-vision-pro-app-gives-golf-fans-whole-new-way-to-experience-the-tournament-160506281.html


Sally Hansen Names Duke University Basketball Star Jared McCain as New Brand Ambassador
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Sally Hansen, the nail color and care brand, has announced a partnership with college basketball player Jared McCain. McCain, who plays guard for the Duke Blue Devils, will enter his name in the 2024 NBA Draft. This collaboration marks Sally Hansen's first-ever NIL sponsorship deal with an athlete. McCain's unique style and fearless self-expression, including his use of nail polish, have made him a trailblazer and a perfect fit for Sally Hansen's innovative line of nail products. As a brand ambassador, McCain will promote inclusivity and self-expression within the sports community and beyond.

#SallyHansen #JaredMccain #BrandAmbassador #CollegeBasketball #NbaDraft #NilSponsorship #NailProducts #Inclusivity #Selfexpression

https://finance.yahoo.com/news/sally-hansen-names-duke-university-191200360.html


Fed’s Schmid Rejects Preemptive Rate Cuts, Favors ‘Patient’ Approach
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Federal Reserve Bank of Kansas City President Jeffrey Schmid rejects preemptive rate cuts and favors a 'patient' approach. Schmid believes policymakers should wait for 'clear and convincing' evidence that inflation is headed back toward 2% before lowering interest rates. He states that the current stance of monetary policy is appropriate, given inflation running above target, economic growth continuing to show momentum, and elevated prices across asset markets. Recent price pressures have been concentrated in the services sector, supported by a tight labor market. Schmid believes a better balance between the supply and demand for labor will likely be needed for the Fed to achieve price stability. Recent inflation data has been higher than hoped, with consumer prices excluding food and energy climbing 0.4% in March and 3.8% from a year earlier. Schmid emphasizes the need for the Federal Reserve to be patient and wait for clear evidence of sustainable inflation before adjusting policy. Investors are now betting on just two rate cuts this year, beginning in September. Other Fed officials, including Boston Fed President Susan Collins and Chicago's Austan Goolsbee, also shared their views on interest rates. Schmid prefers a 'much smaller' Fed balance sheet with a shorter average maturity, primarily composed of Treasury securities.

#FederalReserve #InterestRates #Inflation #JeffreySchmid

https://finance.yahoo.com/news/fed-schmid-rejects-preemptive-rate-173500872.html


Bulls jump deeper into copper amid supply challenges, AI-fueled demand
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Copper's bull run is expected to continue for at least the next three years due to global supply challenges and high demand for the metal in energy transition and artificial intelligence technologies. The CRU World Copper Conference in Santiago, Chile, is expected to focus on these themes. Data centers for AI servers are projected to require an additional 1 million metric tons of copper by 2030, and electric vehicles are also driving demand. Citi analyst Maximilian Layton expects demand to outstrip supply by 1 million metric tons in the next three years, with prices potentially reaching $12,000 per metric ton by December 2026. However, production struggles by various companies and electricity supply challenges in Zambia are impacting supply. Citi has reduced its forecast for global copper supply this year to a 0.7% increase. Notable setbacks include the closure of First Quantum's Cobre Panama mine and regulatory uncertainty in Chile affecting Codelco's production. Despite these challenges, the investment climate in Chile has improved.

#Copper #SupplyChallenges #Demand #EnergyTransition #ArtificialIntelligence #CruWorldCopperConference #DataCenters #ElectricVehicles #PriceForecast #ProductionStruggles #InvestmentClimate #Chile

https://finance.yahoo.com/news/bulls-jump-deeper-copper-amid-110608029.html


Beamr Issues Q1-2024 CEO Letter to Shareholders: Cloud service and AI workflows
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Beamr Imaging Ltd., a leading supplier of video optimization technology and solutions, has issued a Q1-2024 CEO letter to shareholders. In the letter, Sharon Carmel, the Chief Executive Officer, provides updates on the company's activities and progress. In Q1 2024, Beamr launched the Beamr Cloud SaaS solution, raised gross proceeds of $13.8 million in an underwritten offering, and teamed up with industry leaders like NVIDIA. They plan to focus on enabling vision AI processes in Beamr Cloud in Q2 2024. In terms of financials, Beamr generated approximately $0.39M in revenues in Q1 2024, representing an 18% increase compared to Q1 2023. As of March 31, 2024, the company had approximately $19M of cash and cash equivalents. The unaudited preliminary financial information is subject to completion of the quarter-end financial results.

#BeamrImagingLtd #VideoOptimization #CloudService #AiWorkflows #Q12024 #CeoLetter #Revenues #Financials

https://finance.yahoo.com/news/beamr-issues-q1-2024-ceo-110000202.html


Clobbered Fed Rate Cut Bets Wipe Out Even Last Year’s Bond Gains
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Investors who expected an extension of last year’s global bond gains have been disappointed as expectations of higher US interest rates have wiped out the 4.2% return on global sovereign debt from 2023. A Bloomberg gauge for government debt has declined 4.7% since January, driven by investors now expecting under two Fed interest rate cuts this year. The selloff has room to run if Thursday’s Treasury auction is any guide, as a sale of 30-year US bonds received lackluster demand. Yields on benchmark 10-year US Treasuries eased two basis points to 4.57% on Friday, but stayed close to the five-month high touched in the last session. Some analysts believe the losses can extend further, with yields potentially climbing toward 5% or even higher in the US 10-year. However, others see reasons for bonds to recoup their losses, with UBS Global Wealth Management and TwentyFour Asset Management suggesting that Treasuries may rally when the Fed begins easing, and investors may be looking to buy on dips.

#BondMarket #InterestRates #GlobalSovereignDebt #FederalReserve #TreasuryAuction #UsTreasuries

https://finance.yahoo.com/news/clobbered-fed-rate-cut-bets-053139324.html


Strong job market good for inflation fight -wealth advisor
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The number of Americans filing new claims for unemployment benefits fell more than expected last week, with initial claims dropping 11,000 to a seasonally adjusted 211,000. The strong labor market is seen as a positive factor in the fight against inflation, as wage gains are sufficient to help people maintain a relatively good life in the current inflationary environment. Financial markets have pushed back their expectations for the first rate cut from the U.S. central bank to September from June due to labor market strength and concerns about stalled progress on inflation. The Federal Reserve's March meeting minutes revealed officials' worries about inflation. The article features an interview with a wealth advisor, Miller, who shares her views on the strong labor market and its impact on inflation, as well as discussing the producer price index report, rising bond yields, and upcoming bank earnings.

https://finance.yahoo.com/video/strong-job-market-good-inflation-204707019.html


SBA Launches Digital Hub to Connect Small Businesses with Major Funding in President Biden’s Investing in America Agenda
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The U.S. Small Business Administration (SBA) has launched the Investing in America Small Business Hub, a digital portal providing industry-specific resources to help small businesses tap into opportunities under President Biden’s Investing in America (IIA) Agenda. The hub aims to help small businesses connect to resources, funding opportunities, and support to strengthen their businesses. The Biden-Harris Administration's Investing in America economic agenda has led to a historic nationwide Small Business Boom, with over 17 million new business applications filed since President Biden took office. The hub includes technological assistance guides, SBA resources, and collaborations with other federal agencies to host events and webinars. Small businesses are encouraged to utilize the SBA's existing resources to pursue Investing in America opportunities.

#Sba #SmallBusinesses #Funding #InvestingInAmerica #DigitalHub

https://finance.yahoo.com/news/sba-launches-digital-hub-connect-180700980.html


Bank of America, Deutsche Bank Say Fed Won’t Cut Until December
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Economists at Deutsche Bank AG and Bank of America Corp. predict that the Federal Reserve will ease policy just once this year, in December. This is a sharp reduction in previous forecasts from both firms, which each previously saw the Federal Reserve beginning to ease policy starting in June. The recalibration is occurring across Wall Street after inflation figures strengthened conviction that the Fed will hold steady until it sees signs that consumer-price increases are pulling closer to its 2% annual target. Deutsche Bank's forecast sees the Fed cutting rates twice in the first half of 2025 and then pausing until 2026. Bank of America continues to expect the central bank to reduce borrowing costs four times in 2025 and another two times in 2026.

https://finance.yahoo.com/news/first-fed-rate-cut-won-163623550.html


CEOs are generally optimistic on US economy: KPMG US CEO
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KPMG US Chair and CEO Paul Knopp reveals that 87% of CEOs surveyed were optimistic about the prospects for the US economy, with 78-79% expressing optimism for both the US and global economies. 72% of CEOs plan to increase hiring in the next 12 months, while only 4% anticipate reductions. The survey also highlights concerns about geopolitical uncertainty, cybersecurity, and the tight labor market. Knopp discusses these results and mentions corporations' outlook on business operations and generative AI adoption.

#UsEconomy #CeoSurvey #Hiring #GeopoliticalUncertainty #Cybersecurity #LaborMarket #BusinessOperations #GenerativeAiAdoption

https://finance.yahoo.com/video/ceos-generally-optimistic-us-economy-160703790.html


CoBank Quarterly: Sticky Inflation Puts Federal Reserve on the Horns of a Dilemma
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The Federal Reserve is facing a dilemma due to sticky inflation rates that remain higher than ideal. The Fed has assured interest rate cuts are coming this year, but it acknowledges that inflation will take longer to subside than expected. The next rate-cutting campaign is expected to be launched in June. The U.S. economy is showing signs of stress, and the Fed wants to avoid crashing the economy after avoiding a recession for a long time. The report also highlights challenges for row crop producers, the impact of low natural gas prices, and the lack of productivity in Congress. It provides updates and outlooks for various sectors including grains, biofuels, animal protein, dairy, cotton, rice, sugar, specialty crops, and power, water, and communications.

#FederalReserve #Inflation #InterestRates #Economy #RowCropProducers #NaturalGasPrices #Congress #Grains #Biofuels #AnimalProtein #Dairy #Cotton #Rice #Sugar #SpecialtyCrops #Power #Water #Communications

https://finance.yahoo.com/news/cobank-quarterly-sticky-inflation-puts-155900291.html


EB5 Capital Begins Receiving I-829 Approvals for The Coliseum (JF10)
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EB5 Capital has received notice from the United States Citizenship and Immigration Services (USCIS) regarding the approval of the first I-829 petition associated with an investor in The Coliseum (JF10) project. The approved I-829 petition was filed in March 2020 and adjudicated in April 2024, approximately 45 months later. The Coliseum (JF10) involved the redevelopment of the historic Uline Arena in the NoMa neighborhood of Washington, DC. The development resulted in the creation of over 800 jobs for the local economy in Washington, DC. EB5 Capital is a Regional Center operator that provides qualified foreign investors with opportunities to invest in job-creating commercial real estate projects under the United States Immigrant Investor Program (EB-5 Visa Program).

#Eb5Capital #I829Approvals #TheColiseum(jf10) #Uscis #Eb5Investment #JobCreation #WashingtonDc

https://finance.yahoo.com/news/eb5-capital-begins-receiving-829-155000542.html


Mortgage rates today, April 11, 2024: It could be a while before rates fall
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Mortgage rates have remained high this week and significant drops are unlikely. The Federal Reserve is waiting to lower the federal funds rate until inflation is closer to the target of 2%. March's inflation rate was 3.5% year over year, exceeding expectations. If inflation doesn't drop, the Fed is less likely to decrease its rate. Today's national average 30-year mortgage fixed rate is 6.82%, a minor increase from last week's 6.79%. The average 15-year fixed mortgage rate is 6.06%, down from last week's 6.11%. Factors that impact mortgage rates include the economy, housing market, credit scores, debt-to-income ratios, and savings. 30-year mortgages have lower monthly payments but higher interest rates, while 15-year mortgages have lower rates in the long run but higher monthly payments.

https://finance.yahoo.com/personal-finance/mortgage-rates-today-thursday-april-11-2024-100013279.html


Why stocks could still rise even as rate cut hopes fade
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Investors are pushing back bets on when the Federal Reserve will begin cutting interest rates, but many Wall Street strategists believe this won't alter stocks' charge higher in 2024. After a key inflation report showed an unexpected uptick in consumer prices last month on Wednesday, investors are now pricing in just two interest rate cuts in 2024, down from a peak of seven in early January. Despite the market's moves in reaction to the latest inflation data on Wednesday, stocks have largely been resilient with regard to moves in interest rate expectations this year, with the S&P up about 8% to date — so a shift in market expectations for Fed policy is unlikely to derail the stock market rally. Wells Fargo chief investment strategist Christopher Harvey, who boosted his year-end target for the S&P 500 (^GSPC) to a Street-high 5,535 on Monday, told Yahoo Finance the most important part of the Fed discussion remains that easing is still in the pipeline. Market bulls have also been encouraged by limited signs that high interest rates are slowing corporate earnings or US economic growth. Consensus estimates are for earnings growth to pick up throughout the year. An increasing number of economists see the improving economic growth outlook creating an elevated chance that the Fed could cut rates by less than previously thought, if it cuts at all. This is often referred to as a 'no landing scenario,' where economic growth accelerates while inflation's path downward slows. Overall, this isn't all bad for the major indexes given it would come with a positive economic growth backdrop, why strategists believe earnings growth could broaden beyond just technology later this year. It could, however, create further bifurcation between large- and small-cap stocks.

https://finance.yahoo.com/news/why-stocks-could-still-rise-even-as-rate-cut-hopes-fade-080057943.html


Adobe Is Buying Videos for $3 Per Minute to Build AI Model
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Adobe Inc. is procuring videos from its network of photographers and artists for $120 per video to build its artificial intelligence text-to-video generator. The goal is to source assets for AI training. OpenAI's demonstration of its video-generation model Sora has raised concerns among investors about Adobe's potential disruption. Adobe is requesting short clips of people engaged in actions, showing emotions, and interacting with objects. The company cautions against providing copyrighted material, nudity, or offensive content. The pay for video submissions averages $2.62 per minute, with a maximum of $7.25 per minute. Adobe has sought to differentiate its models by primarily training them on its vast library of stock media.

#Adobe #Ai #Video #ArtificialIntelligence #Openai

https://finance.yahoo.com/news/adobe-buying-videos-3-per-213215719.html


Hot inflation casts chill on bets for start to Fed rate cuts
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Prospects for a first Federal Reserve interest-rate cut before the end of summer took a body blow on Wednesday with another U.S. inflation report that cast into stark relief the stickiness of price pressures across the U.S. economy. After months of centering on June for the start of Fed policy easing, traders' bets are now squarely on the Fed's mid-September meeting for an initial rate reduction, after a third straight stronger-than-expected reading on consumer inflation sent financial markets into a fast retreat. Wednesday's report from the U.S. Department of Labor showed the consumer price index rose 3.5% year-on-year in March, an acceleration from the 3.2% rise in February. Core consumer price inflation, which strips out food and gas prices and is one measure economists use to gauge the stickiness of prices, rose 3.8% year on year, the same pace as in February. Traders are now betting the Fed will deliver a first quarter-point interest rate cut at its September 17-18 meeting, bringing the policy rate target to a 5%-5.25% range, and they see just one more rate cut by the end of the year.

#FederalReserve #InterestRates #Inflation #Economy

https://finance.yahoo.com/news/fed-seen-waiting-until-september-130551201.html


How a 'Year of Global Rate Cuts' could push the S&P 500 to 5,750: Morning Brief
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Jay Hatfield, founder and CEO of Infrastructure Capital Advisors, predicts that the S&P 500 will reach 5,750, fueled by factors like AI, a housing shortage, and relatively cheap natural gas. He believes the US economy is a juggernaut and has profound advantages over Europe. Hatfield expects the European Central Bank and the Bank of England to cut rates before the US, which could put upward pressure on the dollar and give the Fed cover to cut rates in July. He also predicts that 2024 will be the Year of Global Rate Cuts. Veteran strategist Ed Yardeni is also bullish, with a year-end target of 5,400 for the S&P 500. Both Hatfield and Yardeni agree that the US economy continues to defy gravity and that the direction of the S&P 500 is higher.

#S&p500 #UsEconomy #GlobalRateCuts #StockMarket

https://finance.yahoo.com/news/how-a-year-of-global-rate-cuts-could-push-the-sp-500-to-5750-morning-brief-100018692.html


Stock market today: US futures tread water ahead of key inflation print
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US stocks meandered before the bell on Wednesday, still in the wait for a crucial inflation reading that could ease worries interest rates will stay higher for longer. Futures on the Dow Jones Industrial Average and the S&P 500 nudged 0.1% higher, while those on the tech-heavy Nasdaq 100 tipped up roughly 0.2%. Stocks have put in a lackluster performance in the countdown to the Consumer Price Index reading for March, one of the most important points the Federal Reserve will consider in its next policy decision. The CPI report, set for release at 8:30 a.m. ET, is expected to show annual headline inflation of 3.4%, compared with 3.4% in February. Core inflation — which strips out food and energy prices — is seen as rising 3.7% on the year, a slowdown from 3.8% growth the previous month. A hotter-than-expected reading may well weigh on stocks, while signs of cooling could give impetus to a market that has lost its mojo since starting the year with a bang. Also on deck are the minutes from the Fed's meeting in March, likely to be highly scrutinized for any hints of crumbling in policymakers' expectations for rate cuts. At the same time, first-quarter earnings season kicks off with results from Delta, in focus as the airline industry grapples with the fallout from Boeing's. That will set the stage for reports on Friday from big Wall Street banks, whose profits aren't expected to dazzle.

#UsStockMarket #Inflation #InterestRates #ConsumerPriceIndex #FederalReserve #DowJonesIndustrialAverage #S&p500 #Nasdaq100 #Delta #Boeing #EarningsSeason #WallStreetBanks

https://finance.yahoo.com/news/live/stock-market-today-us-futures-tread-water-ahead-of-key-inflation-print-094450844.html


20 Most Used Artificial Intelligence (AI) Platforms of 2024
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In this article, we will discuss the 20 most used artificial intelligence (AI) platforms of 2024. The global AI market was valued at $515.31 billion in 2023 and is expected to reach $2.02 trillion by 2030. The North American region dominates the AI market with a market share of 41.11%, while the Asia Pacific region is expected to grow the fastest. Major companies advancing the development of GPUs for AI include NVIDIA Corporation, Advanced Micro Devices, and Intel Corporation. The 20 most used AI platforms of 2024 include Tabnine, Codeium, GitHub Copilot, Elsa, Jasper.ai, Copy.ai, Writesonic, HIX.AI, Socratic, Otter, YouChat, DialoGPT, Microsoft Copilot, Poe, and Claude.

#ArtificialIntelligence #AiPlatforms #GlobalAiMarket #NorthAmericanRegion #AsiaPacificRegion #NvidiaCorporation #AdvancedMicroDevices #IntelCorporation #Tabnine #Codeium #GithubCopilot #Elsa #Jasperai #Copyai #Writesonic #Hixai #Socratic #Otter #Youchat #Dialogpt #MicrosoftCopilot #Poe #Claude

https://finance.yahoo.com/news/20-most-used-artificial-intelligence-005655755.html


Fed's Bostic still expects 1 rate cut in 2024 but doesn’t rule out 0 or 2
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Atlanta Fed president Raphael Bostic still expects one rate cut in 2024, but is not ruling out the possibility of two or zero depending on the direction of the US economy and inflation. Bostic, a voting member of the Fed's interest-rate setting committee, said that if the economy continues to accelerate, he can’t rule out the possibility that rate cuts may even have to move further out. However, if inflation starts to decline or if there is 'pain' in the job market, he could pull forward his inflation and policy outlook and vote for cutting rates sooner. Other Fed officials have expressed differing views on rate cuts, with some pouring cold water on near-term hopes for an easing of monetary policy, while others have stuck with a prediction for three cuts in 2024. Bostic's comments come ahead of a key reading on the consumer price index for March, with economists expecting 'core' CPI to come in at 3.7% for the month.

#FederalReserve #InterestRates #RaphaelBostic #UsEconomy #Inflation

https://finance.yahoo.com/news/feds-bostic-still-expects-1-rate-cut-in-2024-but-doesnt-rule-out-0-or-2-210356957.html


Stock market today: US stocks turn lower ahead of CPI inflation data
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US stocks turned lower ahead of the release of the Consumer Price Index (CPI) on Wednesday, which is seen as a pivotal point for the market. The Dow Jones Industrial Average fell about 0.3%, the S&P 500 dropped about 0.2%, and the Nasdaq Composite remained flat. Investors are less convinced the Federal Reserve will deliver on the three rate cuts projected for this year, given the strength of the US economy. The focus is on the CPI print for March, and any sign of cooling inflation will be seen as an invitation for a June policy shift. Rising metals prices and the start of first quarter earnings season are additional catalysts to watch.

#StockMarket #UsStocks #CpiInflationData #FederalReserve #InterestRates #MetalsPrices #EarningsSeason

https://finance.yahoo.com/news/live/stock-market-today-us-stocks-turn-lower-ahead-of-cpi-inflation-data-144359503.html


Simulmedia Becomes One of the First US-Based Advertising Technology Product Companies to Join the Lviv IT Cluster
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Simulmedia, a cross-channel TV advertising platform, has become one of the first US-based advertising technology product companies to partner with Ukraine's Lviv IT Cluster. The partnership aims to support Ukraine's tech resilience and innovation in the face of adversity. Simulmedia plans to tap into Ukraine's rich pool of IT talent to create opportunities for innovation and provide employment to Ukrainian tech professionals. The collaboration is not only a business expansion but also a commitment to contribute positively to the local economy. Simulmedia's Executive Chairman, Dave Morgan, expressed solidarity with Ukraine's tech community and highlighted their capacity for innovation and perseverance. The tech sector in Ukraine has made significant contributions to programmatic platforms, DSPs, SSPs, and AI. Simulmedia's partnership with the Lviv IT Cluster is seen as a strategic move to support the growth of the tech sector in Ukraine.

#Simulmedia #LvivItCluster #AdvertisingTechnology #TechResilience #Innovation #Ukraine

https://finance.yahoo.com/news/simulmedia-becomes-one-first-us-172700346.html


Earnings season to test breadth of stock market rally
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First quarter earnings season is about to put the breadth of the stock market rally to the test. Consensus expectations are for a 3.2% year-over-year earnings increase for S&P 500 companies in the first quarter. The top 10 stocks in the S&P 500 are expected to see earnings grow by 32% in the first quarter, while the other 490 stocks are projected to produce an earnings decline of 4%. The overall earnings picture for the benchmark index is levered to the index's largest corporations. Bullish investors are looking for a 'catch-up' scenario in markets where the earnings for the other 490 companies in the S&P 500 start to rebound later in the year. A growing US economy is expected to be a tailwind for stocks outside the tech sector. If this is met by upbeat guidance from other areas of the market, it would 'continue to encourage' the rotation seen in markets over the past month with sectors like Energy and Industrials outpacing gains in Technology and Communications Services.

#EarningsSeason #StockMarketRally #S&p500 #EarningsGrowth #TechSector #UsEconomy

https://finance.yahoo.com/news/earnings-season-to-test-breadth-of-stock-market-rally-153242480.html


12 Best Packaging Stocks to Buy According to Hedge Funds
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This article provides an overview of the packaging industry and highlights the 12 best packaging stocks to buy according to hedge funds. Packaging stocks are classified as consumer cyclical stocks, but they have a stable demand even during economic slowdowns. Some of the best performing packaging stocks in 2024 include Eightco Holdings Inc., Ranpak Holdings Corp., and WestRock Company. Ranpak's stock saw a significant increase in March 2024 due to strong quarterly revenue growth. Other top packaging stocks that hedge funds are buying include Crown Holdings, WestRock Company, and Berry Global Group. The article also lists the number of hedge fund shareholders for each stock and provides additional information about the companies.

#PackagingStocks #HedgeFunds #ConsumerCyclicalStocks #EconomicSlowdown #StockMarket

https://finance.yahoo.com/news/12-best-packaging-stocks-buy-144844789.html


Accel leads $20m round in Sprinto as it helps businesses build trust through its compliance and risk platform
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Accel has led a $20 million funding round in Sprinto, an automated risk and compliance platform that helps businesses build trust with customers by navigating and staying on top of compliance and privacy standards. The funding round was also participated in by existing investors Elevation Capital and Blume Ventures. Sprinto, founded in 2020 by Girish Redekar and Raghuveer Kancherla, has raised a total of $31.8 million to date. The company will use the fresh funds for research and development, with a focus on intelligent automation and AI, as well as expanding into new markets. Sprinto's platform uses intelligent automation and AI to create connected workflows that enhance security programs and improve operations. The company supports all major standard security frameworks and has customers in over 75 countries. The Governance, Risk, and Compliance (GRC) market is expected to reach $134.86 billion in 2030. Accel, a leading global venture capital firm, aims to be the first partner to exceptional teams and has invested in companies like Flipkart, Swiggy, and Urban Company.

#Accel #Sprinto #FundingRound #Compliance #RiskPlatform #IntelligentAutomation #Ai #Security #PrivacyStandards #ElevationCapital #BlumeVentures #GirishRedekar #RaghuveerKancherla #ResearchAndDevelopment #NewMarkets #ConnectedWorkflows #SecurityPrograms #Governance,Risk,AndCompliance(grc)Market

https://finance.yahoo.com/news/accel-leads-20m-round-sprinto-130000298.html


Stock market today: US futures in holding pattern in wait for CPI
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US stocks were stuck in a holding pattern on Tuesday as investors bided their time until a key inflation report lands and potentially sheds light on the path of interest rates. Futures tied to the Dow Jones Industrial Average, the S&P 500, and the tech-heavy Nasdaq 100 were all trading just below the flatline. Investors have become increasingly less convinced the Federal Reserve will deliver on the three rate cuts it has projected for this year, given the persistent show of strength in the US economy. Rising metals prices have sparked concerns about a feed-through effect on inflation. Another catalyst on the horizon is the start of first-quarter earnings season. Teens are tightening up their spending, with teen “self-reported” spending falling 6% year over year to $2,263. Spending on beauty hit the highest level since spring 2018. Total shipments of desktops and notebooks grew 3.2% annually to 57.2 million units in the first quarter.

#StockMarket #UsFutures #Cpi #InterestRates #Inflation #FederalReserve #MetalsPrices #EarningsSeason #TeenSpending #PcIndustry

https://finance.yahoo.com/news/live/stock-market-today-us-futures-in-holding-pattern-in-wait-for-cpi-111042837.html


20 Most Populated Counties in the US
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The article provides a list of the 20 most populated counties in the US, sourced from the Census Bureau's population estimates. The total population of the United States is 335,893,238, with an annual growth rate of 0.53%. The population growth in the US is driven by net migration, fertility rate, and life expectancy. The country consists of 50 states and 3,196 counties. The population distribution varies greatly across the country. The most densely populated counties are often home to Fortune 500 companies. The article highlights Pfizer Inc. and Verizon Communications Inc. as examples of companies headquartered in densely populated areas. The list of the 20 most populated counties includes Middlesex County, Wayne County, Santa Clara County, Broward County, Bexar County, Tarrant County, San Bernardino County, Queens County, King County, Clark County, Riverside County, Kings County, Dallas County, Miami-Dade County, and Orange County.

#Population #Counties #UnitedStates #CensusBureau

https://finance.yahoo.com/news/20-most-populated-counties-us-215721768.html


Stock market today: Stocks wobble as big week for inflation data, earnings begins
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US stocks wobbled on Monday as investors kicked off a big week that will see a fresh inflation data test for rate-cut views and the start of first-quarter earnings season. The Dow Jones Industrial Average (DJIA), the S&P 500 (^GSPC), and the tech-heavy Nasdaq Composite wavered around the flatline after opening with slight gains. US bonds sold off last week amid uncertainty about the Federal Reserve's resolve for interest-rate cuts. Other concerns include divided views on policy from Fed speakers, growing noise around the coming US presidential election, and a spike in oil prices from escalating Middle East tensions that could fan inflation pressures. Investors are also watching for signs of inflation returning to its downward trend in the release of the Consumer Price Index on Wednesday. The market is also bracing for the new earnings season, with Delta Air Lines setting the stage on Wednesday for big banks' results on Friday. Gold rose above $2,350 an ounce to touch a fresh record, while oil futures pulled back amid signs of easing Middle East tensions. In other news, YouTube TV has seen success by mimicking the one thing consumers seem to be ditching: cable. YouTube TV, the internet pay-TV service, has become the largest pay-TV streamer on the market with over 8 million subscribers. Bitcoin rose to trade back above $71,700 per token, and Amazon stock rose to hover around its all-time closing high. Trump Media & Technology Group, the parent company of Donald Trump's social media platform Truth Social, saw its stock slip 10%. Oil futures pulled back roughly 1% amid signs of easing tensions in the Middle East. JPMorgan CEO Jamie Dimon's annual letter to shareholders highlighted the diminishing role of public companies in the American financial system and the surge in private companies backed by private equity firms. Dimon also discussed the impact of AI on JPMorgan's future success and the outlook for interest rates.

#StockMarket #InflationData #Earnings #DowJones #S&p500 #NasdaqComposite #FederalReserve #ConsumerPriceIndex #DeltaAirLines #Gold #OilFutures #YoutubeTv #Bitcoin #Amazon #TrumpMedia&TechnologyGroup #Jpmorgan #JamieDimon

https://finance.yahoo.com/news/live/stock-market-today-stocks-wobble-as-big-week-for-inflation-data-earnings-begins-133105545.html


Wall Street just gave its highest S&P 500 forecast yet
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Wells Fargo head of equity strategy Christopher Harvey has raised his year-end target for the S&P 500 to 5,535 from 4,625, marking the highest call for the S&P 500 by year-end among strategists tracked by Yahoo Finance. Harvey believes that stock valuations have risen too high, but investors are looking past this possibility amid the market rally. He notes that US economic growth has come in better than expected, which is a positive sign for corporate growth. However, Harvey and other strategists expect the index's next leg higher to come more slowly for investors. There are several key risks to Harvey's base case, including a resurgence in inflation and elevated bond yields. Despite recent spikes, the 10-year Treasury yield is currently around 4.43%, well below the 5% level flagged as a point of concern by Harvey.

#S&p500 #StockMarket #EquityStrategy #Forecast #Investors #Valuations #EconomicGrowth #Inflation #BondYields

https://finance.yahoo.com/news/wall-street-just-gave-its-highest-sp-500-forecast-yet-164148688.html


Yellen Charm Offensive Aims to Boost China Ties and Curb Exports
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US Treasury Secretary Janet Yellen is on a trip to China to strengthen bilateral ties and criticize Beijing's economic policies. Yellen met with Premier Li Qiang and will hold talks with former Vice Premier Liu He and central bank Governor Pan Gongsheng. Yellen criticized China for flooding the world with cheap goods and argued that China is too large to export its way to rapid growth. Beijing rejects this message and has filed a case with the World Trade Organization over American subsidies. Yellen has built personal ties with senior Chinese leaders but has also issued sharp warnings and criticisms. She gave specific details of how she thinks certain US industries are coming under threat during meetings with Chinese Vice Premier He Lifeng. Yellen's tough message hasn't hurt progress made between the two sides, and they agreed to move forward with talks focused on balanced growth in the domestic and global economies. Yellen's visit has received a warm reception, but it remains to be seen if this is a true product of better relations or tactical stabilization. China is keen to avoid re-escalating public tensions and may be biding its time with the upcoming US presidential elections.

#JanetYellen #China #UschinaRelations #EconomicPolicies #Exports #BilateralTies

https://finance.yahoo.com/news/yellen-advances-us-china-ties-120000722.html


Oil tumbles nearly 2% as Middle East tensions ease
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Oil prices fell more than $1 a barrel as Middle East tensions eased after Israel withdrew soldiers from southern Gaza and committed to fresh talks on a potential ceasefire. Brent crude futures slipped $1.70 to $89.47 a barrel, while U.S. West Texas Intermediate crude was at $85.29 a barrel. Israel's withdrawal is likely in response to growing international pressure and to deescalate tensions after killing senior Iranian commanders in Syria. Israel and Hamas sent teams to Egypt for fresh talks on a potential ceasefire. Saudi Arabia raised official selling prices for all crude grades to Asia in May. Fire struck an offshore platform operated by Mexico's national oil company Pemex, killing at least one contractor. Goldman Sachs analysts expect Brent to stay below $100 a barrel. In the United States, oil rigs rose by two to 508 last week while gas rigs fell by two to 110. The U.S. employment report on Friday beat expectations, potentially delaying anticipated Federal Reserve interest rate cuts this year. Investors will be watching consumer price index data from the U.S. and China for further clues on the timing of possible Fed rate cuts and to gauge the economic health of the world's top two oil consumers.

#OilPrices #MiddleEastTensions #Israel #Gaza #Ceasefire #BrentCrude #WestTexasIntermediate #SaudiArabia #Pemex #GoldmanSachs #FederalReserve #UsEmploymentReport #ConsumerPriceIndex

https://finance.yahoo.com/news/oil-prices-lost-ground-mideast-231521877.html


This is the best election outcome for markets
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Stocks do better when neither party has the votes to enact partisan legislation. Since 1933, the average annual return for the S&P 500 index has been 15.7% when a Democratic president had a split Congress and 13.7% when a Republican president did. Unified government tends to produce the most dramatic policy changes. There are eight governing scenarios for 2025, with four key scenarios: Biden wins with split control of Congress, Biden wins with full Democratic control of Congress, Trump wins with split government, and Trump wins with full Republican control of Congress. Each scenario has different implications for tax cuts, green energy, and healthcare availability. The odds of a Republican trifecta are 40%, while the odds of Biden winning with a split Congress are also 40%. The calmest outlook for markets would be a second Biden term with Republicans holding at least one chamber of Congress.

#Elections #Markets #StockMarket #Government #Policy #TaxCuts #GreenEnergy #Healthcare

https://finance.yahoo.com/news/this-is-the-best-election-outcome-for-markets-192118465.html


Here's how JPMorgan is giving ex-criminals a second chance
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JPMorgan Chase is working with organizations like the Second Chance Business Coalition and the University of Pennsylvania's Wharton School to co-host the Second Chance Conference, which aims to examine employment trends and discuss sustainable solutions for formerly incarcerated workers. JPMorgan Chase is focused on increasing the number of states with 'clean slate legislation' that allows certain criminal records to be expunged after a certain period of time. The bank has changed its hiring practices to include 10% of new hires annually being people with criminal records. JPMorgan Chase has co-founded the Second Chance Business Coalition to bring together C-suite leaders and discuss how to fulfill commitments to hiring formerly incarcerated individuals. The bank is also focused on changing public policy to reduce barriers to employment for ex-offenders.

https://finance.yahoo.com/video/heres-jpmorgan-giving-ex-criminals-130035989.html


As Yellen heads to Beijing, China worries that the U.S. is planning more tariffs on green tech
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U.S. Treasury Secretary Janet Yellen is visiting China to discuss unfair Chinese trade practices and domestic manufacturing policies. Chinese state media are skeptical and anxious about potential U.S. tariffs on green energy products. China's government subsidies have led to overcapacity in the clean energy sector, driving down costs and igniting price wars. However, there are concerns that the excess capacity will flood global markets with low-priced exports, threatening jobs in the U.S. and Europe. Yellen emphasized the need for a healthy economic relationship and suggested that China shift its policies to encourage domestic household consumption instead of subsidizing green energy. The U.S. has not ruled out tariffs in response to China's subsidized manufacturing. The Xinhua News Agency expressed skepticism about U.S. intentions and its use of protectionist policies. The U.S. has taken steps to reduce reliance on Chinese technologies and boost domestic manufacturing capabilities. Yellen will continue her meetings in Beijing with senior officials, economists, and the central bank governor.

#JanetYellen #China #Tariffs #GreenTech #TradePractices #DomesticManufacturing #Subsidies #Overcapacity #GlobalMarkets #ProtectionistPolicies #UsEconomy #XinhuaNewsAgency

https://finance.yahoo.com/news/yellen-heads-beijing-china-worries-032713507.html


Stock market today: Tech leads market surge after jobs report blowout
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Stocks finished higher Friday as investors shook off jitters after digesting a strong monthly jobs report, even as uncertainty lingers over the Federal Reserve's path to interest rate cuts. The Dow Jones Industrial Average put on about 0.8%, or 300 points, while the S&P 500 added 1.1% on the heels of its worst single-day fall since February. The tech-heavy Nasdaq Composite gained 1.2%. The US labor market continued to impress in March, with employers adding 303,000 jobs, much more than economists expected, while the unemployment rate ticked back down to 3.8%. Wage growth also met expectations. Nerves in the market are running high, going by this week's bumpy action in stocks. Investors are juggling economic releases and corporate news alongside growing tensions in the Middle East. Oil prices held near multimonth highs on Friday, building on the big gains notched amid escalating Israel-Iran tensions. Brent crude futures hovered just below $91 a barrel, while West Texas Intermediate futures changed hands at just under $87.

#StockMarket #TechStocks #JobsReport #FederalReserve #InterestRateCuts

https://finance.yahoo.com/news/live/stock-market-today-tech-leads-market-surge-after-jobs-report-blowout-200639682.html


Why consumers are still seeing inflation in strong labor market
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Consumers are still experiencing inflation despite a strong labor market. BofA Securities Head of US Economics Michael Gapen discusses the state of US consumer sentiment around inflation as the Federal Reserve considers March's jobs figures in their inflation path for 2024. Gapen explains that while certain aspects of the labor market, such as wage growth, haven't reached all corners of the US economy, households are still adjusting to the upward shift in the price level over the past few years.

#Inflation #LaborMarket #UsEconomy #ConsumerSentiment #FederalReserve

https://finance.yahoo.com/video/why-consumers-still-seeing-inflation-195324589.html


US economy has Wall Street 'borderline speechless' after blowout March jobs report
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The US economy added 303,000 jobs in March, nearly 100,000 more than expected, and the unemployment rate fell to 3.8%. The percentage of Americans participating in the workforce increased, and the manufacturing sector has entered expansion territory. Layoffs have remained low, and labor productivity is picking up for the first time in 15 years. These positive economic indicators have led forecasters to boost their outlook for US economic growth in 2024. The rise in the US population and increased immigration have contributed to the robust economy. The Federal Reserve is not concerned about further expansion of the labor market leading to inflation. The strong economic growth has reduced expectations of Federal Reserve interest rate cuts. Despite this, the stock market has rallied in response to the positive economic news.

#UsEconomy #MarchJobsReport #WallStreet #UnemploymentRate #LaborMarket #EconomicGrowth

https://finance.yahoo.com/news/us-economy-has-wall-street-borderline-speechless-after-blowout-march-jobs-report-175409776.html


US economy added over 300K jobs, but are wages keeping up?
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The jobs report for March revealed that the US economy added over 300,000 jobs, surpassing expectations. However, the question remains: are wages keeping up with the job growth? Yahoo Finance Markets Reporter Nicholas Jacobino analyzes the March jobs report and delves into the topic of wages and its implications for the labor market.

#UsEconomy #JobGrowth #Wages #MarchJobsReport #LaborMarket

https://finance.yahoo.com/video/us-economy-added-over-300k-134512988.html


Dollar jumps as soaring US job growth beats expectations
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The dollar strengthened after US employers added 303,000 jobs in March, exceeding expectations of 200,000 jobs. The dollar index rose 0.432% to 104.67. The strong job growth may delay anticipated interest rate cuts from the Federal Reserve. U.S. interest rate futures now price in two rate cuts in 2024. The Japanese yen weakened to 151.735 against the dollar. Bitcoin fell 1.98% to $66,608, while ether was $3,239, down 2.59%.

#UsJobGrowth #DollarStrength #FederalReserve #InterestRateCuts #JapaneseYen #Bitcoin #Ether

https://finance.yahoo.com/news/dollar-steady-ahead-jobs-data-011302867.html


US economy adds 303,000 jobs, unemployment falls to 3.8% in March as labor market continues to impress
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The US economy added 303,000 jobs in March, exceeding economists' expectations of 214,000. The unemployment rate decreased to 3.8% from 3.9% in February. Wages increased by 4.1% year-over-year, the lowest annual gain since June 2021. Federal Reserve Chair Jerome Powell expects three interest rate cuts later this year. The labor force participation rate increased to 62.7% from 62.5%, and the average weekly hours worked increased from 34.3 to 34.4. The healthcare sector added 72,000 jobs, government employment added 71,000 jobs, and construction added 39,000 jobs. Other data, such as the Job Openings and Labor Turnover Survey and ADP private employment data, also indicate a resilient labor market.

#UsEconomy #LaborMarket #Unemployment #JobGrowth #FederalReserve #InterestRates

https://finance.yahoo.com/news/us-economy-adds-303000-jobs-unemployment-falls-to-38-in-march-as-labor-market-continues-to-impress-123226886.html


Instant view: March US payrolls beat expectations; wages increase steadily
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The US economy added 303,000 jobs in March, beating expectations of 200,000 jobs. The unemployment rate fell to 3.8%. Average hourly earnings increased by 4.1% year-over-year. The strong jobs report suggests a solid economy and may delay anticipated interest rate cuts from the Federal Reserve. The stock market reacted positively to the news, with S&P 500 e-mini futures pointing to a higher open. Economists believe the report may have closed the door on a June rate cut. However, the inflation report next week will be closely watched. The strong jobs data pushes out rate cut expectations, with the market now pricing in rate cuts after September. The dollar is expected to remain strong, and the carry trade theme in FX may continue. The report has put pressure on the upcoming US inflation report, which is expected to be bad. Overall, the labor market remains strong, and the Fed may not need to cut rates this year if the economy continues to perform well.

#UsEconomy #JobsReport #FederalReserve #InterestRates

https://finance.yahoo.com/news/instant-view-march-us-payrolls-125525578.html


Stock market today: US futures edge up in countdown to jobs data
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US stock futures are slightly higher ahead of the release of the monthly jobs report. Dow Jones Industrial Average futures are up 0.2%, S&P 500 futures are up 0.3%, and Nasdaq 100 futures are up 0.3%. The stock market experienced a slump on Thursday due to surging oil prices and concerns about inflation. The monthly jobs report is expected to show signs of cooling in the labor market after two months of robust job gains. Investors are also monitoring tensions in the Middle East and the impact of immigration on the US labor market. PepsiCo stock is performing well, and Jefferies has raised its price target on Netflix shares. Uber's stock is also expected to rise due to its expanded mobility offerings. Nvidia's stock performance is being closely watched as it may impact the broader market.

#StockMarket #UsFutures #JobsData #OilPrices #Inflation #MonthlyJobsReport #LaborMarket #MiddleEastTensions #Immigration #Pepsico #Netflix #Uber #Nvidia

https://finance.yahoo.com/news/live/stock-market-today-us-futures-edge-up-in-countdown-to-jobs-data-113052059.html


Inside Big Tech's underground race to buy AI training data
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Photobucket, once the world's top image-hosting site, is in talks with multiple tech companies to license its 13 billion photos and videos for training generative AI models. CEO Ted Leonard has discussed rates of between 5 cents and $1 per photo and more than $1 per video. Tech giants like Google, Meta, and Microsoft-backed OpenAI are quietly paying for content locked behind paywalls and login screens, giving rise to a hidden trade in everything from chat logs to personal photos. The opaque AI data market is estimated to be worth roughly $2.5 billion now and could grow close to $30 billion within a decade. Data brokers are emerging to secure rights to real-world content and build networks of short-term contract workers to produce custom visuals and voice samples. However, concerns are rising about the risk of personal data making its way into AI models without people's knowledge or explicit consent.

#Ai #TechCompanies #GenerativeAiModels #DataMarket #DataBrokers

https://finance.yahoo.com/news/inside-big-techs-underground-race-100603029.html


Stock market today: Global shares mostly decline, as investors look toward US jobs report
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Global shares mostly declined as investors awaited the US jobs report to gauge the health of the economy and the Federal Reserve's potential actions on interest rates. France's CAC 40 declined 1.3%, Germany's DAX slipped 1.4%, and Britain's FTSE 100 shed nearly 1.0%. Japan's Nikkei 225 dove 2.0%, Sydney's S&P/ASX 200 slipped 0.6%, and South Korea's Kospi dropped 1.0%. Tensions in the Middle East added to the pessimism. Traders have scaled back their predictions for interest rate cuts by the Federal Reserve. The US government will release the job market report for March, which is expected to show a cooldown from February. In the oil market, benchmark US oil fell 16 cents to $86.43 a barrel, while Brent crude rose 3 cents to $90.68. The US dollar edged up to 151.43 Japanese yen from 151.30 yen, and the euro inched up to $1.0845 from $1.0841.

#StockMarket #GlobalShares #UsJobsReport #FederalReserve #InterestRates

https://finance.yahoo.com/news/stock-market-today-asian-shares-075351830.html


Stock market today: Wall Street rises toward records as it prepares for Friday's jobs report
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U.S. stocks are rising Thursday and climbing back toward record heights, as Wall Street makes its final moves ahead of a jobs report that could shake the market on Friday. The S&P 500 was up 0.7% in early trading and sitting just below its all-time high. The Dow Jones Industrial Average was up 250 points, or 0.6%, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 0.9% higher. Conagra Brands climbed 4.1% after the company behind such food brands as Birds Eye and Duncan Hines reported a milder drop in revenue for the latest quarter than analysts expected. Levi Strauss jumped 16.3% after its latest quarterly results likewise topped expectations. It also slightly raised its forecast for profit over its full fiscal year as it shifts to selling jeans directly to consumers. The stock market’s gains trimmed the S&P 500’s loss for the week to 0.1%. It had sunk from its record earlier this week after surprisingly strong data on the U.S. economy raised worries that the Federal Reserve may not deliver as many cuts to interest rates this year as it’s hinted.

#StockMarket #WallStreet #JobsReport #S&p500 #DowJonesIndustrialAverage #NasdaqComposite #ConagraBrands #LeviStrauss #FederalReserve

https://finance.yahoo.com/news/stock-market-today-asian-shares-072407026.html


Nanalysis Corp. Receives Funding Supporting AI Software Development for Detection of Illicit Substances
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Nanalysis Corp., a leader in portable NMR machines, MRI technology, and detection equipment services, announces that its subsidiary Nanalysis Corp. is receiving up to $1.45 million in non-repayable, non-dilutive funding from the Canada Industrial Research Assistance Program (NRC IRAP) to develop AI-based software tools to detect illicit substances using portable Nuclear Magnetic Resonance (NMR) spectrometers. The project, scheduled for three years, will focus on using quantum mechanical modeling and AI tools to analyze magnetic resonance results generated by Nanalysis benchtop instruments. The software will identify known illicit drugs as well as unknown drugs that are derivatives of known illicit substances. The funding will support the development of complementary software for Nanalysis' Benchtop products. Nanalysis CEO Sean Krakiwsky expressed gratitude for the support and highlighted the company's ongoing relationship with the LKA police organization in Germany. Nanalysis Scientific Corp. operates two primary businesses: Scientific Equipment and Security Services. The company develops and manufactures portable NMR spectrometers for laboratory and industrial markets and provides scientific equipment sales and maintenance services globally. In 2022, the company's subsidiary KPrime was awarded a five-year contract with the Government of Canada to provide maintenance services for passenger screening equipment in Canadian airports.

#NanalysisCorp #AiSoftware #IllicitSubstances #Funding #CanadaIndustrialResearchAssistanceProgram #NuclearMagneticResonanceSpectrometers

https://finance.yahoo.com/news/nanalysis-corp-receives-funding-supporting-123000562.html


Google Considers Fees for AI-Fueled Search Features, FT Says
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Google is considering charging for new "premium" features run by artificial intelligence, the Financial Times reported. The tech giant is mulling options such as adding certain AI search features to its premium subscription services. Google's ubiquitous search engine would continue to be free and ads would appear alongside search results even to subscribers. The potential move suggests that Google is still figuring out how to incorporate new AI technology without threatening its advertising business.

#Google #Ai #Search #Subscription #PremiumFeatures

https://finance.yahoo.com/news/google-considers-fees-ai-fueled-222506216.html


Analysis-Uncertainty over rate cuts wobbles US government bond market
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Strong economic data and concerns over sticky inflation are causing investors to reassess the depth of rate cuts by the Federal Reserve, leading to weakness in the US government bond market. Yields on the benchmark 10-year Treasury reached 4.429% on Wednesday, the highest level in over four months. Futures markets indicate that investors are now expecting the Fed to lower rates by 70 basis points this year, compared to the 150 basis points priced in at the beginning of 2024. The Fed itself projected three 25 basis point reductions this year, but investors have become slightly less optimistic. The selloff in bonds is driven by stronger-than-expected US economic data, which suggests that the Fed may not be able to cut rates without risking inflation. PIMCO expects inflation to remain above the Fed's 2% target and anticipates a more gradual path of rate cuts. Concerns over the state of US finances and a potential rise in term premiums also contribute to the rise in bond yields. The Congressional Budget Office forecasts US public debt to climb to 166% of GDP in 2054. The recent spike in oil prices and worries of a widening conflict in the Middle East could further contribute to an inflationary rebound. Yields on the 10-year have risen by 50 basis points since the beginning of the year, prompting some investors to lock in yields. However, the trade is becoming a test of patience, and investors are closely watching employment and consumer price data to assess the sustainability of the selling pressure in bonds. Year-to-date total returns are at minus 2.1%. Net bearish positions in key two- and 10-year Treasuries futures have increased for the first time in three weeks. Some experts believe there is still an opportunity to add more duration if yields rise further, but confidence in the trade is waning. The selloff in the bond market is not expected to go much further, as higher yields attract income-seeking investors. The lead portfolio manager of the Hartford Strategic Income Fund expects 10-year yields to trade between 4% to 4.75% and for inflation to remain under control.

#UsGovernmentBondMarket #RateCuts #FederalReserve #EconomicData #Inflation #BondYields

https://finance.yahoo.com/news/analysis-uncertainty-over-rate-cuts-050255274.html


Taiwan Begins Recovery From Quake as TSMC Resumes Production
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Taiwan's semiconductor industry resumes production after a 7.4 magnitude earthquake. Taiwan Semiconductor Manufacturing Co. (TSMC) and United Microelectronics Corp. (UMC) restart operations with no major impact. TSMC brings 70-80% of machinery back online within 10 hours. The earthquake caused nine deaths, over 1,000 injuries, and trapped over 100 people. Taiwan plays a significant role in the global economy as it produces 80-90% of the highest-end chips. The impact on TSMC's operations is expected to be manageable. Taiwan has revised building codes and regulations since a 1999 earthquake that killed over 2,400 people. The island's tech firms are still assessing the damage, but the harm appears limited. Taiwan's vulnerability to seismic activity has prompted the development of a sophisticated disaster response system.

#Taiwan #Earthquake #Tsmc #SemiconductorIndustry #Recovery

https://finance.yahoo.com/news/taiwan-begins-recovery-quake-tsmc-013728850.html


Singapore’s Region-Lagging Bonds Face Little Near-Term Relief
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Singapore government bonds have been the worst performing in Southeast Asia this year, with a loss of over 4%. The upcoming policy review by the Monetary Authority of Singapore (MAS) is unlikely to provide much relief, given sticky inflation and solid economic data. MAS uses the local dollar as its main policy tool, meaning bonds are often driven by moves in overseas markets. Singapore bonds find themselves caught between a rock and a hard place, given their strong link to the US market. Local yields tend to follow any move in their Treasury counterparts higher but are unlikely to drop as much as many regional peers when the cutting cycle begins. The MAS is not expected to change its policy until October, unless Singapore inflation declines more than expected in the coming months. The US Federal Reserve is expected to make three rate cuts in 2024. The rate of core inflation in Singapore accelerated to a seven-month high in February. The MAS will stay on hold in April, and Singapore yields still take cues from USD rates.

#SingaporeGovernmentBonds #MonetaryAuthorityOfSingapore #Inflation #UsFederalReserve

https://finance.yahoo.com/news/singapore-region-lagging-bonds-face-004001782.html


S&P 500, Nasdaq close slightly up after soft services sector data; Fed comments
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The S&P 500 and Nasdaq ended slightly up on Wednesday after data showing the U.S. services industry growth slowed further in March, while comments by Federal Reserve Chair Jerome Powell that focused on the need for more debate and data before interest rates are cut limited the advance. Most of the major S&P 500 sectors advanced, led by materials and energy. Powell reaffirmed in a speech on Wednesday that the Fed will stick to its wait-and-see approach as it considers when to start cutting rates given the continued strength of the U.S. economy and recent higher-than-expected inflation data. Earlier on Wednesday, data from the Institute for Supply Management showed that non-manufacturing PMI declined for the second straight month to 51.4 in March, down from 52.6 in February, and weaker than analysts had expected, according to a Reuters poll. According to preliminary data, the S&P 500 gained 7.31 points, or 0.14%, to end at 5,213.12 points, while the Nasdaq Composite gained 37.27 points, or 0.23%, to 16,277.46. The Dow Jones Industrial Average fell 34.39 points, or 0.09%, to 39,135.85.

#S&p500 #Nasdaq #UsServicesIndustry #FederalReserve

https://finance.yahoo.com/news/futures-ease-investors-seek-clues-102557969.html


Gov. Holcomb, IEDC announce generational multi-billion-dollar investment to make Indiana leader in semiconductor packaging
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Governor Eric J. Holcomb, Secretary of Commerce David Rosenberg, and Purdue University President Mung Chiang joined executives of SK hynix Inc. as the company announced plans to establish a new advanced packaging fabrication and R&D facility in Indiana. SK hynix will make an initial investment of more than $3.87 billion to establish a facility in West Lafayette that will support critical U.S. demand for semiconductors. The facility will create up to 800 new, high-wage jobs by the end of 2030 and will produce next-generation HBM chips, which are critical components of graphic processing units (GPUs) that train AI systems. SK hynix selected the West Lafayette site due to Indiana's manufacturing infrastructure, talent pool, and strong government support. The investment is expected to drive innovation and fill a critical gap in the nation's advanced packaging supply chain. SK hynix plans to collaborate with Purdue University and Ivy Tech Community College to develop training programs and cultivate a high-tech workforce. Indiana is now home to a new microelectronics campus and has attracted several semiconductor manufacturing plants in recent years, committing to invest more than $6 billion and create over 2,100 new high-skilled jobs.

#Indiana #SemiconductorPackaging #SkHynix #Investment #JobCreation

https://finance.yahoo.com/news/gov-holcomb-iedc-announce-generational-185700913.html


Powell Says Fed Has Time to Assess Data Before Deciding to Cut
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Federal Reserve Chair Jerome Powell signaled policymakers will wait for clearer signs of lower inflation before cutting interest rates. Recent inflation figures did not materially change the overall picture. Powell reiterated his expectation that it will likely be appropriate to begin lowering rates at some point this year. The Federal Open Market Committee held interest rates steady last month. Officials narrowly maintained their outlook for three interest-rate cuts this year. Powell and other Fed officials have repeatedly said they are in no hurry to cut rates, and that their moves will depend on incoming data. Investors are putting roughly even odds on an initial cut in June. Powell's prepared remarks reinforce those he's made following the March meeting. The Fed's preferred gauge of underlying inflation cooled in February after an even larger increase than previously reported in January. Powell said last month that an unexpected weakening in the labor market could warrant a policy response from Fed officials. The Fed will get another update on the health of the job market Friday with the release of the monthly employment report, which is expected to show a gain of 213,000 jobs in March. Fed officials in March were split on how aggressive rate cuts will be this year. The central bank's dot plot showed 10 officials forecast three or more quarter-point cuts this year, while nine anticipated two or fewer. Powell detailed the outsized role supply-side factors like population growth have had in the inflation recovery. The Fed chair also used part of his speech to emphasize that the central bank makes its decisions independent from politics.

#FederalReserve #InterestRates #Inflation #JeromePowell

https://finance.yahoo.com/news/powell-says-fed-time-assess-164036479.html


Watchdog Sounds Alarm On US Debt's Trajectory As BlackRock's Larry Fink Warns 'The Situation is More Urgent Than I Can Ever Remember'
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The U.S. national debt is approaching $35 trillion, with the pace of increase causing concern. The Congressional Budget Office warns that the U.S. fiscal debt growth is 'unprecedented' and could lead to a crisis similar to the one experienced by the U.K. 18 months ago. BlackRock Inc. CEO Larry Fink expresses dismay at the rising U.S. government debt, comparing it to Japan's debt crisis in the late 1990s and early 2000s. The U.S. debt is increasing by $1 trillion every 100 days, and neither leading presidential candidate is focused on addressing the issue. Rating agencies have downgraded the U.S. government's debt rating, and Moody's has shifted its rating outlook to negative. Concerned investors may consider investing in hard assets such as gold. The SPDR Gold Trust ETF has already seen a 7% increase in value this year.

#UsDebt #CongressionalBudgetOffice #LarryFink #Blackrock #DebtCrisis #RatingAgencies #Gold #SpdrGoldTrust

https://finance.yahoo.com/news/watchdog-sounds-alarm-us-debts-173107823.html


An AI-Rally for Software Makers Will Demand Investor Patience
==========

Investors need more patience for the euphoria about artificial intelligence to lift the stocks of software makers. While hardware manufacturers are experiencing surging demand for AI infrastructure, software companies are struggling to convince the market of similar growth. The Philadelphia Stock Exchange Semiconductor Index has climbed 16% this year, supported by makers of chips and servers such as Nvidia Corp., while an index of software stocks has gained less than 4%. Software firms are expected to achieve less than half the earnings growth of semiconductor peers in 2024. However, investors view the impact of AI on software companies as a matter of time, as companies like Adobe and Microsoft are already making efforts to incorporate AI into their products.

#Ai #Software #Investors #ArtificialIntelligence #Stocks

https://finance.yahoo.com/news/ai-rally-software-makers-demand-114712109.html


Fed’s Bostic expects one rate cut this year, in fourth quarter
==========

Federal Reserve Bank of Atlanta President Raphael Bostic expects one rate cut in the fourth quarter of this year. Bostic emphasized the bumpy nature of inflation progress and pointed to the strength of the economy and a slower decline in inflation as reasons for his expectation. He is a voting member of the Fed’s policy-setting committee this year. Bostic also mentioned that if employment starts to degrade, he may have to reconsider his call for just one rate cut. The government’s monthly jobs report, to be released on Friday, is anticipated to show employers added 214,000 jobs in March with economists predicting the unemployment rate to ebb to a historically low 3.8%. Of the 19 officials, nine anticipated two or fewer rate cuts this year, according to the median projection.

#FederalReserve #InterestRates #RaphaelBostic

https://finance.yahoo.com/news/fed-bostic-expects-one-rate-133114411.html


Will The Honest Company (HNST) Continue to Experience Years Of Growth And Increasing Returns?
==========

The Honest Company, Inc. (NASDAQ:HNST) is a consumer products company focused on developing natural baby-care consumables, cosmetics, soaps, and other household supplies. The company went public in 2021 and experienced high demand for its cleaning products during the pandemic. However, it faced challenges due to global supply chain issues. Despite these challenges, The Honest Company showed increased traction on sales returning to growth and deepening relationships with major retailers like Walmart and Target. The company's performance in the second half of 2023 increased optimism for future growth and improving cost control. Meridian Contrarian Fund, managed by ArrowMark Partners, added to its holdings of The Honest Company in 2023 and expects the company to see years of growth and increasing returns. As of April 2, 2024, The Honest Company's stock closed at $3.76 per share with a market capitalization of $360.558 million. The company was held by 16 hedge fund portfolios at the end of the fourth quarter of 2023.

#TheHonestCompany #Hnst #ConsumerProducts #Growth #Returns #StockMarket

https://finance.yahoo.com/news/honest-company-hnst-continue-experience-103926102.html


Tesla’s Shrinking China Market Share Compounds Global Woes
==========

Tesla's market share in China shrank to around 6.7% in Q4 2023, down from 10.5% in Q1 2023. The company's sales and production in China are consistently backloaded, with the third month of each quarter being the strongest for local shipments. Tesla is facing tough competition in China from rivals such as BYD, Nio, Xpeng, Li Auto, Huawei, and Xiaomi, who offer newer or more extensive lineups of vehicles packed with tech features. China's EV market growth is slowing, with shipments projected to increase 25% to 11 million units in 2024, down from 36% in 2023 and 96% in 2022. Tesla recently reduced production schedules at its Shanghai factory, and its shipments from the factory declined in the first two months of 2024. Globally, Tesla delivered 386,810 vehicles in Q1 2024, missing estimates by the biggest margin ever in seven years of data.

#Tesla #China #ElectricVehicles #MarketShare #Competition #EvMarket

https://finance.yahoo.com/news/tesla-losing-ground-china-disappoints-033011602.html


Dollar steady as PCE data sets up June rate cut bets; yen in focus
==========

The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June. The personal consumption expenditures (PCE) price index rose 0.3% in February, compared to the 0.4% rise forecasted by economists. Markets are now pricing in a 68.5% chance of the Fed cutting rates in June. The yen loitered near 152 per dollar, keeping traders on edge on the threat of intervention. Japan's plans for the yen remain difficult to predict, but the finance minister has warned against rapid yen moves.

#Dollar #PceData #RateCut #Yen #FederalReserve

https://finance.yahoo.com/news/dollar-steady-pce-data-sets-011202774.html


20 Largest Construction Companies in the World
==========

The global construction market was worth $14.39 trillion in 2022 and is expected to reach $25.93 trillion by 2027. The US construction industry has over 919,000 establishments and generates $2.1 trillion worth of structures annually. In January 2024, US construction spending reached $2.1 trillion, with a decline of 0.2% from December. The residential sector saw a 0.2% increase, while the public sector experienced a 0.9% decline. Major players in the global construction market include Vinci SA, Lennar Corporation, and Ferrovial SE. Vinci SA won a railway contract worth €700 million, Lennar Corporation opened a new medley club in Florida, and Ferrovial SE completed the construction of the Halo elevator in Spain. The 20 largest construction companies in the world include Skanska AB, Daito Trust Construction Co., Ltd., HOCHTIEF Aktiengesellschaft, Obayashi Corporation, DPR Construction, Kajima Corporation, Eiffage SA, ACS Actividades De Construccion Y Servicios ADR, Toll Brothers, Inc., Kiewit Corporation, China Railway Construction, Sekisui House, Ltd., Bouygues SA, Daiwa House Industry Co., Ltd., and PulteGroup, Inc.

#Construction #GlobalConstructionMarket #UsConstructionIndustry #ConstructionSpending #MajorPlayers #VinciSa #LennarCorporation #FerrovialSe #SkanskaAb #DaitoTrustConstructionCo #HochtiefAktiengesellschaft #ObayashiCorporation #DprConstruction #KajimaCorporation #EiffageSa #AcsActividadesDeConstruccionYServiciosAdr #TollBrothers,Inc #KiewitCorporation #ChinaRailwayConstruction #SekisuiHouse,Ltd #BouyguesSa #DaiwaHouseIndustryCo,Ltd #Pultegroup,Inc

https://finance.yahoo.com/news/20-largest-construction-companies-world-215536020.html


25 Countries With Most Billionaires in 2024
==========

The article discusses the 25 countries with the most billionaires in 2024. China, India, and the United States lead with the highest number of billionaires. China and the US have no competition when it comes to paving the way for millionaires to become billionaires due to large markets and growth potential. India is also one of the fastest-growing economies. China lost 155 billionaires due to economic distress and a property market crisis. Globally, billionaires increased by 167 to a total of 3,279 in 2024. New York claimed the first spot for the first time in seven years with 119 billionaires, followed by London with 97 billionaires. Artificial Intelligence (AI) was a major driver for wealth growth, generating over half of all new wealth in 2024. NVIDIA Corporation and Meta Platforms, Inc. have seen significant surges in their wealth as investors bet on the value of generated AI. The article also provides a list of the 25 countries with the most billionaires in 2024, including the number of billionaires and the year-over-year change in each country.

#Billionaires #Wealth #ArtificialIntelligence

https://finance.yahoo.com/news/25-countries-most-billionaires-2024-030244665.html


Top 20 Indian Entrepreneurs
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This article discusses the top 20 Indian entrepreneurs and provides an overview of India's economic outlook. India is projected to grow between 6.9% and 7.2% through fiscal year 2023/2024 and is expected to be the third-largest economy by 2030. The article highlights the success of Indian billionaires, including Mukesh Ambani and Gautham Adani, who have had a significant impact on India's entrepreneurial economy. It also mentions the rise of women entrepreneurs in India and the increasing wealth inequality in the country. The article then profiles some of the biggest companies owned by Indian entrepreneurs, such as Reliance Industries, Adani Enterprises, and HCL Technologies. Finally, it provides a list of the top 20 Indian entrepreneurs, including Benu Gopal Bagur, M.A. Yusuff Ali, Gopikishan Damani, Hasmukh Chudgar, Sunil Mittal, Pankaj Patel, Mangal Prabhat Lodha, Azim Premji, Uday Kotak, Ravi Jaipuria, Lakshmi Mittal, Kumar Birla, Radhakishan Damani, Kushal Pal Singh, Cyrus Poonawalla, and others.

#IndianEntrepreneurs #India'sEconomy #Billionaires #WomenEntrepreneurs #WealthInequality #RelianceIndustries #AdaniEnterprises #HclTechnologies

https://finance.yahoo.com/news/top-20-indian-entrepreneurs-025942056.html


15 Most Densely Populated Cities in California
==========

California is the most populous state in the US with a population of almost 39 million. It ranks 11th among the most densely populated states. The state has a robust economy and pleasant climate, attracting immigrants from all over the US. However, California has experienced a decline in population due to higher deaths, low fertility rates, and challenges that forced some residents to relocate to another state. The state faces a housing crisis, with high prices and a shortage of houses. Laws like the California Environmental Quality Act (CEQA) and the National Environmental Policy Act (NEPA) have been barriers to construction projects. Despite this, notable construction projects have been undertaken by companies like Lennar Corporation, Fluor Corporation, and Vulcan Materials Company. The article lists the top 15 most densely populated cities in California, including San Mateo, Westminster, Long Beach, Downey, Garden Grove, Norwalk, Santa Monica, Santa Ana, El Monte, and Inglewood.

#California #PopulationDensity #HousingCrisis #ConstructionProjects

https://finance.yahoo.com/news/15-most-densely-populated-cities-225552711.html


Investors eye Fed rate cut, earnings as key to sustaining market rally
==========

Investors are watching for a potential interest rate cut by the Federal Reserve and the health of upcoming earnings to sustain the market rally. The S&P 500 had a gain of over 10% in the first quarter, with economically-sensitive sectors such as energy and industrials rallying. The market's continuation through June will depend on the Fed's actions and economic reports. Futures markets imply a 61% chance of a rate cut in June. Continued growth in the US economy may lead to a broadening of the market rally into cyclical sectors and small-cap stocks. Economic readings next week, including ISM manufacturing data and non-farm payrolls report, will provide further insight. The market rally may slow as the Fed nears a potential rate cut, but historically, strong momentum in the first quarter has carried over to the second quarter. Corporate earnings will also play a significant role, with expectations of a 5.1% earnings growth in the first quarter. If earnings continue to surprise to the upside, the Fed may have a hard time justifying rate cuts. However, a leveling out of inflation could lead to a more sustainable economic re-acceleration.

#Investors #FederalReserve #InterestRateCut #Earnings #MarketRally

https://finance.yahoo.com/news/investors-eye-fed-rate-cut-100955745.html


Warren Buffett Bolsters Holdings in Liberty SiriusXM Group
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Warren Buffett's Berkshire Hathaway has acquired 7,599,572 shares of Liberty SiriusXM Group, increasing its total holdings in the company to 65,486,288 shares, representing a 20.05% stake. The shares were purchased at a price of $29.1 each. Liberty SiriusXM Group operates a subscription-based satellite radio service and has a market capitalization of $9.69 billion. Buffett's investment reflects his confidence in the company's long-term growth potential and has had a positive impact on the stock's market performance.

#WarrenBuffett #LibertySiriusxmGroup #BerkshireHathaway #Investment

https://finance.yahoo.com/news/warren-buffett-bolsters-holdings-liberty-073704192.html


Warren Buffett Bolsters Holdings in Liberty SiriusXM Group
==========

Warren Buffett's investment firm, Berkshire Hathaway, has acquired 2,521,431 shares of Liberty SiriusXM Group, increasing its stake in the company significantly. The purchase price was $29.11 per share, bringing Berkshire Hathaway's total holdings to 32,755,624 shares. The transaction has a modest impact of 0.02% on the portfolio. Liberty SiriusXM Group operates a subscription-based satellite radio service and has a market capitalization of $9.69 billion. The company has a GF Score of 81/100 and a Financial Strength rating of 4/10. Other notable investors, including Seth Klarman and Wallace Weitz, also hold positions in the company. Buffett's investment move is seen as a signal of strong value proposition and long-term prospects.

#WarrenBuffett #LibertySiriusxmGroup #BerkshireHathaway #Investment

https://finance.yahoo.com/news/warren-buffett-bolsters-holdings-liberty-073559495.html


Stock market today: Asian shares meander after S&P 500 sets another record
==========

Asian shares were mixed on Thursday after U.S. stocks broke out of a three-day lull to close at a record. The dollar remained strong against the Japanese yen and Chinese yuan. The Nikkei 225 lost 1.5% to 40,168.07. The Kospi in Seoul fell 0.3% to 2,745.82. Hong Kong's Hang Seng index gained 1.1% to 16,571.35, while the Shanghai Composite advanced 0.6% to 3,010.66. Australia's S&P/ASX 200 jumped 1% to 7,896.90. India's Sensex added 1.2% and Taiwan's Taiex slipped 0.3%. The S&P 500 climbed 0.9% to a record 5,248.49. The Dow Jones Industrial Average surged 1.2% to 39,760.08, and the Nasdaq composite gained 0.5% to 16,399.52. Merck climbed 5% after federal regulators approved its treatment for adults with pulmonary arterial hypertension. Shares of Trump Media & Technology Group rose another 14.2%. Robinhood Markets climbed 3.7% after unveiling its first credit card. Nvidia slumped 2.5%. GameStop tumbled 15%. U.S. benchmark crude oil gained 38 cents to $81.73 per barrel. Brent crude added 30 cents to $85.71 per barrel.

#StockMarket #AsianShares #S&p500 #UsStocks #Dollar #JapaneseYen #ChineseYuan #Nikkei225 #Kospi #HangSengIndex #ShanghaiComposite #S&p/asx200 #Sensex #Taiex #Merck #TrumpMedia&TechnologyGroup #RobinhoodMarkets #Nvidia #Gamestop #CrudeOil

https://finance.yahoo.com/news/stock-market-today-asian-shares-080244591.html


Mexico Budget Sees Higher Debt Levels, 2025 Growth Above 2%
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Mexico's economy is projected to expand 2% to 3% in 2025 with a fiscal deficit of 2.5% of GDP. Inflation is expected to slow to 3.8% by the end of 2024 and 3.3% by year-end 2025. President Andres Manuel Lopez Obrador's last year in office is expected to have a public deficit of 5% of GDP. Public debt levels are projected to reach 50.2% of GDP in both 2024 and 2025. The government forecasts a primary deficit of 1.4% of GDP in 2024 and a 0.9% surplus in 2025. Additional revenue from higher oil prices and increased tax collection are expected to offset some costs. The budget release comes ahead of national elections in June. Mexico's forecast oil output is 1.85 million barrels per day in 2024 and 1.86 million barrels per day in 2025. The Mexican crude basket is predicted to be $71.3 per barrel in 2024 and $58.4 in 2025.

#Mexico #Budget #DebtLevels #EconomicGrowth #Inflation #FiscalDeficit

https://finance.yahoo.com/news/mexico-budget-estimates-higher-debt-201302587.html


Aimee Golant’s Metal Art Preserves Legacy, Crafting ‘Peace’ with Her Pieces
==========

Aimee Golant, a designer and metalsmith from San Francisco, creates metal art and Judaica pieces that symbolize peace and empower women. She is the granddaughter of Holocaust survivors and draws inspiration from her heritage and personal experiences. In 1993, she began creating art using a hydraulic press and later started making Mezuzot, Jewish ritual objects. Aimee's art reflects her deep connection to her heritage and her commitment to promoting universal beauty in Judaism. She incorporates recycled metals and sustainable practices into her craft. Aimee aims to celebrate the strength and resilience of women and uplift and empower them through her art. She has received recognition and endorsements from spiritual leaders such as the Dalai Lama and Pope Francis. Aimee envisions her art as a means of personal expression and collective healing, and she plans to establish an art installation dedicated to peace and collaboration.

#AimeeGolant #MetalArt #Judaica #Peace #WomenEmpowerment #Heritage #RecycledMetals #SustainablePractices #Women'sRights #ArtInstallation

https://finance.yahoo.com/news/aimee-golant-metal-art-preserves-195300097.html


Expedia Group (EXPE) Rose on Better-Than-Expected Financial Results
==========

Expedia Group (EXPE) stock rose after reporting better-than-expected financial results. The company's shares gained 43.77% over the last 52 weeks. Expedia Group announced a new $5 billion stock buyback program. Gross bookings were up high-single-digit percentages year over year. Expedia's business model is highly attractive and shares continue to trade cheaply at just ~12X earnings.

#ExpediaGroup #Expe #FinancialResults #StockBuyback #OnlineTravelAgency

https://finance.yahoo.com/news/expedia-group-expe-rose-better-132643531.html


Sutter Health Partners with Abridge on Generative AI Solution to Improve Patient, Physician Experience
==========

Sutter Health has partnered with Abridge to make its generative AI platform for clinical documentation available to groups of physicians across California. The deployment aims to improve patient experiences by supporting more focused face-time with clinicians. Abridge's technology generates real-time draft notes based on clinical conversations, which flow directly into the electronic health record. Once reviewed and verified by clinicians, the notes complete their paperwork. The integration of Abridge's patient-facing summaries into the electronic medical record will also be explored. Sutter Health sees innovation as a way to transform the healthcare landscape and is committed to the integration of emerging technologies like AI in healthcare.

#SutterHealth #Abridge #Ai #Healthcare #ClinicalDocumentation

https://finance.yahoo.com/news/sutter-health-partners-abridge-generative-113000005.html


NICE Recognized for European AI Product Innovation Industry Excellence
==========

NICE has received Frost & Sullivan’s 2024 Best Practices New Product Innovation Award for its advancements in AI for Customer Experience (CX) solutions in Europe. The award specifically recognizes NICE’s Enlighten portfolio, which includes the Enlighten Copilot, an AI tool that analyzes CX data in real-time to provide actionable responses and content to employees and supervisors. NICE was also recognized for its successful implementation of CX AI solutions at Republic Services, resulting in a 120% surge in coaching actions and a 33% improvement in customer sentiment. NICE is a global leader in CX AI technologies and has previously received Frost & Sullivan’s 2023 Customer Value Leadership award for its AI-enhanced workforce optimization solutions in North America.

#Nice #Ai #CustomerExperience #Frost&Sullivan #EnlightenCopilot #RepublicServices

https://finance.yahoo.com/news/nice-recognized-european-ai-product-113000430.html


Baltimore bridge port blockade won't trigger new supply chain crisis, experts say
==========

The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic is unlikely to trigger a major new U.S. supply chain crisis or spike goods prices, due to ample and growing spare capacity at competing East Coast ports, economists and logistics experts say. Port officials from New York to Georgia were busy on Tuesday fielding queries from shippers about diverting Baltimore-bound cargo from containers to vehicles and bulk material. East Coast ports have invested billions of dollars over the past decade to expand capacity and while the temporary closure at Baltimore may add time and cost for some companies, economists do not expect a significant macroeconomic impact. The impact on the Port of Baltimore's more than 2,000 workers who load and unload cargo vessels could be significant if the closure lasts more than a few days. One area of concern is higher shipment costs for imported cars and trucks and for exports of farm tractors and construction equipment as Baltimore is the largest U.S. port for 'roll-on, roll-off' vehicle shipments. The Dali container ship that caused the bridge collapse was involved in an Antwerp collision in 2016. The potential for an East Coast longshoreman strike in late September - at the height of Christmas-season imports - also has some shippers considering West Coast shipments.

#Baltimore #SupplyChain #PortBlockade #BridgeCollapse #EastCoastPorts #Economists #LogisticsExperts #Cargo #Workers #ShipmentCosts #ImportedCars #Trucks #Exports #LongshoremanStrike #WestCoastShipments

https://finance.yahoo.com/news/baltimore-bridge-port-blockade-wont-100600510.html


CEO Sentiment Is Slowly Improving in 2024
==========

After a volatile 2023, CEO confidence seems to be rebounding in 2024. The Late Earnings Report Index (LERI) ended the Q4 2023 earnings season with a post-peak reading of 99, the lowest in a year, indicating that the unwarranted skepticism that built up throughout 2023 was starting to dissipate. Other metrics of CEO sentiment, such as the CEO Economic Index published by Business Roundtable and the Conference Board's Measure of CEO Confidence, also showed improvements. A recent Bank of America survey revealed that Wall Street's optimism is at its highest level since January 2022, with over 90% of participants believing the Fed is done raising interest rates. The trend will be monitored during the first-quarter 2024 earnings season, with the next reading of the pre-peak LERI to be published on April 14.

#CeoSentiment #InvestorSentiment #CorporateGrowthProspects

https://finance.yahoo.com/news/ceo-sentiment-slowly-improving-2024-171106704.html


12 Best REIT Dividend Stocks To Buy for 2024
==========

This article discusses the 12 best REIT dividend stocks to buy for 2024. The real estate investment trust (REIT) sector in the US has experienced substantial growth, with publicly traded REITs witnessing a compound annual growth rate of around 16.8% from 1990 to 2022. REITs in the US oversee a total of $4.5 trillion worth of real estate assets globally. The REIT sector has contributed $262.9 billion in labor income to the US economy in 2022. The past year showed some improvement for the REIT sector, with positive returns recorded. The S&P United States REIT Index achieved a total return of 13.77% in 2023. The REIT sector also experienced notable growth in capital market activity, raising a total of $58.27 billion in 2023. REIT stocks are gaining popularity among Americans, with approximately 168 million Americans investing in REIT stocks by the end of 2023. Rising interest rates have historically been a concern for REIT investors, but historical data suggests that the performance of REIT stocks during periods of high-interest rates may not be as dire as commonly feared. Analysts have presented a positive outlook for the REIT sector in 2024, given the sector's strong performance and the conclusion of the Federal Reserve's interest rate hike cycle. The article provides a list of the 12 best REIT dividend stocks for 2024, including Universal Health Realty Income Trust, Innovative Industrial Properties, Arbor Realty Trust, CubeSmart, Federal Realty Investment Trust, National Retail Properties, Agree Realty Corporation, and others.

#Reit #DividendStocks #RealEstateInvestmentTrust #UsEconomy #InterestRates

https://finance.yahoo.com/news/12-best-reit-dividend-stocks-120416453.html


Asia private equity deals set for worst Q1 since 2015, data shows
==========

Private equity-backed mergers and acquisitions in Asia had their worst start to the year in nearly a decade, with PE-backed M&A totaling $13.5 billion in Q1 2024, down 32% from the same period last year. This marks the worst first quarter since 2015. Global PE-backed deals, on the other hand, rose by 21% to $136 billion. Slowing economic growth, high rates, volatile markets, and geopolitical tensions have curbed investments and exits in Asia. PE funds' exits in Asia via IPOs, trade sales, or secondary buyouts slumped 51% to $4.9 billion in Q1, the lowest since Q1 2014. China's economic slowdown and Sino-U.S. tensions were key contributors to the decline in PE-backed M&A in the region. Unspent PE capital in Asia reached $549 billion by June 2023, with unrealized value of assets totaling $2.3 trillion. However, signs of recovery are emerging, with hopes of a pickup in the coming quarters.

#PrivateEquity #MergersAndAcquisitions #Asia #China #EconomicSlowdown #GeopoliticalTensions

https://finance.yahoo.com/news/asia-private-equity-deals-set-050236011.html


14 Best Climate Change Stocks To Buy According to Hedge Funds
==========

Geopolitical and macroeconomic headwinds have combined to slow down growth in the climate change sector over the past few months. However, governmental policy towards net zero emissions within the next two decades has served to balance out some capital concerns surrounding the climate change market. According to a report by consulting firm McKinsey, private investment in climate firms outpaced the broader market in 2022 even as the economy contracted, boosting climate stocks. The global climate change market has been one of the fastest growing sectors in the world economy over the past decade. US-based publication CCBJ reported that the climate industry in the US was worth $300 billion in 2013 and over $1.4 trillion globally. Research and advisory firm Verdantix projected that the climate change market will grow at an annual rate of more than 29% in the coming years. This will partly be due to increased government spending towards climate, as the Inflation Reduction Act allocated over $500 billion to mitigate climate change. Investors eager to profit from this climate boom should look into the climate change businesses of companies like General Electric Company (NYSE:GE), Tesla, Inc. (NASDAQ:TSLA), and First Solar, Inc. (NASDAQ:FSLR). Mark Widmar, the CEO of First Solar, Inc. (NASDAQ:FSLR), recently highlighted some of the future plans of his firm during the fourth quarter earnings call in late February, noting how the firm had been operating in the climate change market for more than twenty-five years, making it one of the oldest and experienced companies in the sector. The companies that offer products or services related to climate change were selected and ranked based on hedge fund sentiment. The analyst ratings of each stock are also discussed to provide readers with some context for their investment choices. The hedge fund sentiment around each stock was calculated using the data of around 900 hedge funds tracked by Insider Monkey in the fourth quarter of 2023. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years. The 14 best climate change stocks to buy according to hedge funds are: Canadian Solar Inc. (NASDAQ:CSIQ), TPI Composites, Inc. (NASDAQ:TPIC), Brookfield Renewable Partners L.P. (NYSE:BEP), Denison Mines Corp. (NYSE:DNN), Plug Power Inc. (NASDAQ:PLUG), Clearway Energy, Inc. (NYSE:CWEN), Green Plains Inc. (NASDAQ:GPRE), SolarEdge Technologies, Inc. (NASDAQ:SEDG), Suncor Energy Inc. (NYSE:SU), and Vestas Wind Systems A/S (OTCMKTS:VWDRY).

#ClimateChange #Stocks #HedgeFunds #Investing

https://finance.yahoo.com/news/14-best-climate-change-stocks-195641707.html


16 Most Undervalued Large Cap Stocks To Buy According To Analysts
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This article provides a list of the 16 most undervalued large-cap stocks to buy according to analysts. The Federal Reserve's interest rate policy and inflation outlook are discussed. The article emphasizes the potential of large-cap stocks and highlights the earnings of Uber Technologies, Intel Corporation, and ServiceNow. The list of undervalued stocks includes Morgan Stanley, Intuit Inc., Verizon Communications, Uber Technologies, ServiceNow, Pfizer Inc., Intel Corporation, ConocoPhillips, Abbott Laboratories, Amgen Inc., and T-Mobile US. The average analyst price targets, market capitalizations, and upside potentials for each stock are provided. The number of hedge fund holders for each stock is also mentioned.

#Stocks #Investing #UndervaluedStocks #LargecapStocks #Analysts

https://finance.yahoo.com/news/16-most-undervalued-large-cap-144247052.html