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Tech leads stocks higher as chipmakers shine

January 18, 2024 Yahoo News 0

Tech leads stocks higher as chipmakers shine

US stocks tipped higher on Thursday, eyeing a rebound from recent losses as investors looked to fresh quarterly earnings for inspiration amid dwindling hopes for an early 2024 interest rate cut. The S&P 500 (^GSPC) added around 0.4%, while the tech-heavy Nasdaq Compossite (^IXIC) led gains, rising 1%. The Dow Jones Industrial Average (^DJI) dropped about 0.3%. Techs led stocks higher after a bullish AI-fueled revenue outlook from TSMC (TSM), a key supplier to Apple (AAPL) and Nvidia (NVDA)…. Source link

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Lower inflation aiding low-income consumers: Study

January 17, 2024 Yahoo News 0

Lower inflation aiding low-income consumers: Study

Research from Oxford Economics suggests that declining inflation over the past year is benefiting America’s lowest earners. As a result, the report suggests that low-income earners are in a better position to contribute to consumer spending in 2024, providing a potential boost to the overall economy. Yahoo Finance Josh Schafer breaks down this study and weighs in on trends of low-income consumers. For more expert insight and the latest market action, click here to watch this full episode of… Source link

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Shares Fall More on China Data Weakness, Fed Bets: Markets Wrap

January 17, 2024 Yahoo News 0

Shares Fall More on China Data Weakness, Fed Bets: Markets Wrap

(Bloomberg) — A stock selloff deepened in Asia, after fresh data redoubled concerns about China’s economy and as investors curbed wagers on Federal Reserve interest rate cuts. Most Read from Bloomberg Hong Kong shares led the declines, with the Hang Seng Index tanking nearly 4%. The CSI 300 mainland Chinese benchmark also fell 1.6%. The losses came after official figures showed while China reached its 2023 economic goal, the country’s housing slump has worsened and domestic demand… Source link

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Scope and Quality of Gaza Tunnels Awe Israelis

January 17, 2024 Yahoo News 0

Scope and Quality of Gaza Tunnels Awe Israelis

TEL AVIV, Israel — One tunnel in the Gaza Strip was wide enough for a top Hamas official to drive a car inside. Another stretched nearly three football fields long and was hidden beneath a hospital. Under the house of a senior Hamas commander, the Israeli military found a spiral staircase leading to a tunnel approximately seven stories deep. These details and new information about the tunnels, some made public by the Israeli military and documented by video and photographs, underscore why… Source link

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Trump’s E. Jean Carroll Tirade Comes Back To Bite Him Hours Later

January 17, 2024 Yahoo News 0

Trump’s E. Jean Carroll Tirade Comes Back To Bite Him Hours Later

All Tuesday morning, former President Donald Trump used social media to attack writer E. Jean Carroll. By Tuesday afternoon, it was part of the court record in her latest defamation trial against him. An attorney for Carroll, Shawn Crowley, nodded to Trump’s diatribe in her opening statements as she told a panel of New York City jurors that Trump has publicly smeared her client ever since she came forward to accuse him of sexual assault. Carroll maintains that Trump raped her in a dressing… Source link

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Republican Rep. Boebert slammed for controversial MLK Day statements

January 16, 2024 Yahoo News 0

Republican Rep. Boebert slammed for controversial MLK Day statements

“I think at this point it is a slap in the face,” said Ameshia Cross, a Democratic strategist, tells theGrio. U.S. Rep. Lauren Boebert, R-Colo., faced backlash over controversial statements she made while commemorating Martin Luther King Jr. Day. On Monday, the conservative lawmaker took to X, formerly known as Twitter, and wrote, “This Martin Luther King Jr. Day we celebrate the life of a man who led a movement for freedom and prosperity for all.” Rep. Lauren Boebert, R-Colo., and Dr…. Source link

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