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Bitcoin's streak above $100K extends to 31 days, Bessent says he sees a $2T stablecoin market
Yahoo Finance· 2025-06-12 17:01
Bitcoin's longest ever streak above $100,000 now extending to 31 days. The streak comes as the Senate voted Wednesday to advance stable coin legislation and Treasury Secretary Scott Besson saying he sees a potential $2 trillion market for stable coins. Joining us now in studio, we've got Andy Bear, who is the managing director at Coindesk Indices.Okay, so a lot to dive in on here. Yes. But first, just the significance of us remaining above this psychological but key milestone of 100,000 and that marker for ...
Economists say the 'big, beautiful' tax bill has a $3 trillion price tag, but Trump disagrees
Yahoo Finance· 2025-06-12 16:47
Economists say that President Trump's big, beautiful tax bill comes with a $3 trillion price tag over the next few months. But the White House says the opposite is true. So here to break down the disconnect, we've got Washington correspondent for Yahoo Finance, Ben Worshko.Ben, what have you been able to dig into with the details here. Yeah. Yeah, Brad.So this is a divide that we've seen between the White House and independent economist. Treasury Secretary Besson was on Capitol Hill yesterday and you saw th ...
Mag 7 check-in: Are the days of tech sector leadership over?
Yahoo Finance· 2025-06-12 16:31
Let's talk a little bit more about the tech trade. Nvidia trading near record highs as tech per usual big driver of the market's push higher. The tech sector, is it poised to remain the market leader.That's the big question. Our very own Josh Schaefer joins us now at the desk. You've been digging into this and this leadership that we've seen from tech in this rally.Yeah, Brad. So, I mean, you have the S&P 500 back near record highs. Of course, Nvidia also back near record highs as you mentioned, right.So th ...
Air India crash reignites Boeing safety concerns & flying fears. Expert weighs in.
Yahoo Finance· 2025-06-12 16:22
An Air India Boeing 787 Dreamlininer crashed shortly after takeoff on Thursday. Thick plumes of black smoke seen over the airport in video taken by bystanders. 242 passengers and crew members were on board the flight heading to London's Gatwick airport.The plane crashed into a building housing medical students. According to local media, aftermath from the scene showed billowing smoke rising over the area and firefighters on charred streets. Air India confirmed the flight was involved in an accident after ta ...
Tesla has some major near-term challenges, analyst says
Yahoo Finance· 2025-06-12 15:28
Tesla protesters set to hold an event tonight highlighting alleged safety flaws with the company's robo taxis. This as Tesla delays the program's launch. Now scheduled to roll out on June 22nd after public rides were scheduled to begin today.Joining me now, we've got Garrett Nelson, CFR analyst. Garrett, you have a hold rating and a one uh a $320 price target on Tesla. What are you expecting from this robo taxi launch.Yeah, thanks for having me. We think it's going to be a lot more ro lowkey than uh the rob ...
Why Oracle could be a safe non-chip AI play
Yahoo Finance· 2025-06-12 15:19
Shares of Oracle are moving higher pre-market after the company beat expectations on the top and bottom lines as it makes a play for the cloud computing market. You could argue they've been making that play. The company brought in 15.9% billion in revenue for its fiscal fourth quarter with $6.7% billion of that coming from cloud services here.Cloud sales rose 27% year-over-year in the quarter and Oracle expects that number to grow 70% in fiscal year 2026. I want to bring in Dan Morgan who is the Senovius VP ...
LIVE: Treasury Secretary Scott Bessent testifies before the Senate Finance Committee
Yahoo Finance· 2025-06-12 14:10
LIVE: Treasury Secretary Scott Bessent testifies before the Senate Finance Committee About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitt ...
LIVE: President Trump holds a bill signing ceremony
Yahoo Finance· 2025-06-12 13:52
LIVE: President Trump holds a bill signing ceremony About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: ht ...
Trump says US-China deal is done, but this analyst says it's just 'temporary cease fire'
Yahoo Finance· 2025-06-11 22:33
Trade Agreement Analysis - The agreement between the US and China is viewed as a temporary ceasefire rather than a significant advancement [2] - Tariffs are expected to remain at their previous levels [2] - China will export more rare earth minerals to the US, and the US will remove some export controls [3] - The specifics of which export controls will be removed and the scale of rare earth exports remain unclear [3][4] Leverage and Trade Dynamics - China has leverage due to its control over the export of essential materials like rare earths and industrial magnets [5][6] - Small industrial magnets are crucial for the automobile industry and other high-tech sectors [6] - The extent to which Chinese consumers and exporters are feeling the pressure from elevated tariffs is uncertain [6] - The initial assumption that the US had significant leverage due to China's economic situation appears to be less accurate than anticipated [6][7] US Objectives and Potential Outcomes - The Trump administration initially sought a restructuring of the Chinese economy, including an end to subsidies, overcapacity, and intellectual property theft [9] - Previous agreements resulted in Chinese promises to buy more goods, which were not fully kept [9][10] - Future outcomes are likely to involve small concessions from China and commitments to increase purchases [10] - Major changes in the Chinese economy are not expected [11]
Tap into these big trends to grow your portfolio
Yahoo Finance· 2025-06-11 22:24
Thematic Investing - Tematica Research 的首席投资官 Chris Versace 加入 Yahoo Finance 的 "Stocks in Translation" 节目,讨论主题投资,即投资于受益于人工智能或清洁能源等长期结构性趋势的公司 [1] - Chris Versace 强调使用每日新闻信号来验证或重新评估主题风险敞口的重要性 [1] - Chris Versace 关注关税驱动的价格上涨可能导致的未来通货膨胀 [1] Podcast Overview - "Stocks In Translation" 旨在剖析市场混乱、嘈杂的数字和夸张言论,为投资者提供做出正确交易决策所需的信息 [1] - 该节目每周播出两次,可在 Apple Podcasts、Spotify 和其他平台收听 [1] - 可以在 Yahoo Finance 网站或流媒体服务上找到更多剧集 [1] Yahoo Finance - Yahoo Finance 提供免费的股票代码数据、最新新闻、投资组合管理资源、全面的市场数据和高级工具,以帮助用户管理财务生活 [1] - 用户可以在 finance.yahoo.com 获取最新新闻和数据,并在 Apple 或 Android 上下载 Yahoo Finance 应用程序 [1] - Yahoo Finance 在多个社交媒体平台(包括 X、Instagram、TikTok、Facebook 和 LinkedIn)上提供内容 [1]