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Netflix earnings top estimates, House passes the GENIUS Act
Yahoo Finance· 2025-07-17 21:41
That is the closing bell on Wall Street and now it's market domination overtime. We're giving you full team coverage of all the moves to get you up to speed on the action from today's trade. Got Caleb Silver as well as Yahoo Finance's Jared Blickery joining us here to break down the moves today. Jared, we're going to start with you on that close. Well, thank you. We've got some records to share in the major indices. the Nasdaq Composite, the Nasdaq 100, and the S&P 500 all closing for records. But what you' ...
PepsiCo CEO, Fed outlook, retail sales bounce back: Morning Brief
Yahoo Finance· 2025-07-17 19:08
Welcome to Yahoo Finance's flagship show, The Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures pointing to a mixed open on Wall Street. Investors on edge around the future of the Federal Reserve and monetary policy. Markets recovering from the whipsaw action after President Trump denied reports that he would be firing Fed Chair Jerome Pal soon.This coming as the future path of rate cuts is at top of mind despite President Trump's calls to lower ...
President Trump wants Jerome Powell out of the Federal Reserve…now.
Yahoo Finance· 2025-07-17 18:54
He's a knucklehead. I call him too late. He's always too late. He's a terrible Fed cheer.I was surprised he was appointed. I was surprised, frankly, that Biden put him in, but he's not good for our country. President Trump wants Jerome Powell out of the Federal Reserve. Now, the law states that the president can only fire the Federal Reserve chair for cause.That's been interpreted by the Supreme Court as inefficiency, neglect of duty, or malfeasance. So, the White House is looking for other ways to get him ...
A closer look at TSMC earnings, why markets don't like the idea of Trump firing Powell
Yahoo Finance· 2025-07-17 17:49
Market Trends & Dynamics - Markets are trying to recover after President Trump's comments on potentially firing Fed Chair Jerome Powell, causing market unease [3] - The market is closely watching the drama between Trump and Fed Chair Jerome Powell, with concerns that firing Powell would create a "mess" in both equity and bond markets [27][28] - Fed independence is seen as critical, with major banking names emphasizing its importance [29] - AI demand remains strong, with no signs of a slowdown, benefiting companies like Nvidia and Taiwan Semiconductor [15][16][17] Company Performance & Earnings - Lucid Group's stock surged over 25% after securing a $300 million investment from Uber for a robo-taxi program [7] - Taiwan Semiconductor (TSMC) now projects full-year sales growth of 30% year-over-year, up from a previous estimate in the mid-20% range, indicating strong tech demand [13][14] - PepsiCo reported better-than-feared earnings with a 9-cent earnings beat and a $400 million quarterly sales beat, maintaining its 2025 sales and profits outlooks [12] Monetary Policy & Federal Reserve - The market is pricing in 50/50 odds for a Fed rate cut in September, down from over 70% a few months ago, showing a rapidly changing outlook [34] - The Federal Reserve's independence is considered a "crown jewel" of the federal system, crucial for preserving currency strength and managing inflation and unemployment [51] - The Fed's target inflation rate is 2%, with the most recent numbers showing a 27% increase in the last month [48] Potential Risks & Concerns - Rising Treasury yields, particularly the 10-year yield approaching 46%, could weigh on equities [6] - Tariffs could impact the economy, with the full effects potentially hitting in the fall or even 2026 [33] - A potential third term for President Trump is viewed as less impactful on markets than interference with Fed independence [66][70]
Inside the storefront Beyoncé can't get enough of
Yahoo Finance· 2025-07-17 17:39
What do Beyoncé and luxury Western-wear shoppers have in common? They can’t resist the magic of Kemo Sabe. This week on The Big Idea with Elizabeth Gore, Kemo Sabe president & owner Wendy Kunkle joins the show to answer the question: How do I create the best in-store experience? Kunkle, who began working for Kemo Sabe 20 years ago, climbed the ranks and took over the luxury western wear brand in 2020. She attributes her success to hard work and hiring the right staff. Kunkle stresses the significance of hav ...
OpenAI’s ChatGPT is reportedly launching its own web browser.
Yahoo Finance· 2025-07-17 16:30
Market Threat - ChatGPT's potential browser poses a real threat to Google due to perceived lack of innovation in browser enhancements [1] - Generative AI has been around for two years, Google should have embedded it into its browser to assist users [2] - Google's failure to lead the market with its established market share is concerning [3] Competitive Landscape - Companies like Perplexity are bringing AI agent assistance to the browser market [2] - The browser itself can be smarter, and Google likely has similar projects in development [3] Potential Disruption - The current period is marked by disruption, potentially leading to significant changes in the browser market [3]
LIVE: White House Press Secretary Karoline Leavitt holds a media briefing on July 17, 2025.
Yahoo Finance· 2025-07-17 16:26
LIVE: White House Press Secretary Karoline Leavitt holds a media briefing on July 17, 2025. 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: ...
Big day for earnings with PepsiCo, TSMC, & Netflix reporting
Yahoo Finance· 2025-07-17 14:51
Hello and welcome to Morning Brief Market Sunrise. I'm Josh Schaefer in for Ramzan Carmarley live from Yahoo Finances studios in New York. It's Thursday, July 17th.US stock futures are muted this morning as the independence of the Federal Reserve is once again in question. We'll have the latest on growing tensions between President Trump and Fed Chair Jerome Powell. Plus, earning season rolls on.We'll have the latest numbers from Taiwan Semiconductor and PepsiCo. And finally, we'll be taking a closer look a ...
“We have record inflows into the bitcoin spot ETFs, which are the most successful ETFs in history.”
Yahoo Finance· 2025-07-17 14:36
Market Dynamics - Bitcoin spot ETFs are experiencing record inflows, marking them as the most successful ETFs in history [1] - Multiple companies are transparently purchasing Bitcoin for their balance sheets [1] - Current market conditions indicate higher demand than supply for Bitcoin, leading to a price increase [1] Price Prediction - The industry anticipates Bitcoin reaching the $150,000 to $170,000 range at some point this year [2] - Bitcoin, like other assets, is expected to experience bear markets, retracements, and corrections [2] - Price corrections to $120,000 in December or a rebound to $200,000 in March would not invalidate the overall prediction [2]
Zuck’s Meta is spending billions on AI talent.
Yahoo Finance· 2025-07-16 23:30
It really is about getting that best talent in the door. We've seen it with Google. We've seen it with Salesforce. We've seen it with Amazon. We've seen it with Microsoft.We're seeing it here. And of course, we have the standalones like OpenAI. They have to do this to stay competitive in what will be the biggest race of the next decade.They're going long. They're betting big because the the opportunity is that big. And when you see them buying talent hashtag companies, they're really buying the companies an ...