FINANCE
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Stock markets may face correction, says Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Wall Street stocks could be facing a correction because of ructions in the options market, Goldman Sachs specialist Scott Rubner said in a Thursday note seen by Reuters on Friday. Roughly $2.7 trillion of U.S. stock market derivatives are due to expire on Friday, which if not exercised, will put pressure on stock markets…
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S&P 500 rises as Dow, Nasdaq wobble with Fed’s rate path in focus
Investors continue to be bullish on stocks. According to Bank of America’s latest fund manager survey released on Tuesday, cash levels have fallen to 15-year lows as traders double down on equities. “Long Magnificent 7” remains the most crowded trade, according to 56% of respondents, followed by the US dollar and crypto. But Big Tech hasn’t entirely been the bright…
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Lexus, Buick top J.D. Power’s latest car dependability survey, with Volkswagen, Chrysler lagging behind
Lexus again tops the ranks of J.D. Power’s newest vehicle dependability survey (VDS), but car owners overall are making more complaints as vehicles get more and more complex. The 2025 J.D. Power VDS, now in its 36th year, covers 184 specific problem areas across vehicle categories, like infotainment systems, diver assistance tech, powertrain, and interior and exterior features, across the…
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Best money market account rates today, February 12, 2025 (up to 4.75% APY)
As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your balance, but may also include a debit…
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Want to Invest in Quantum Computing? 1 Stock That Is a Great Buy Right Now.
Quantum computing is a hot topic these days. Six months ago, the four largest pure play stocks in this market added up to a total market value of $1.9 billion. Today, their combined market value has soared to $15 billion. And that’s not even a peak value — the tally topped out at $19.2 billion on Jan. 6. But I’m…
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Cities Where Income Inequality Increased Most – 2025 Study
SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. Most current estimates put the U.S. median household income at around $75,000 to $80,000. But these figures do not account for the degree of the spread between the highest and lowest earners, a metric that can demonstrate the diversity in financial realities within a…
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Chevron reports disappointing Q4 as refining posts first loss since 2020
US oil major Chevron has reported fourth-quarter (Q4) earnings below expectations due to weak refining margins, marking the first loss in this segment in four years. CEO Mike Wirth noted the post-pandemic surge in fuel margins has ended, with a continued downtrend expected this year, reported Reuters. The company’s adjusted earnings per share of $2.06 fell short of Wall Street’s…
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LinkedIn lawsuit over use of customer data for AI models is dismissed
By Jonathan Stempel (Reuters) – A proposed class action accusing Microsoft’s (MSFT) LinkedIn of violating the privacy of millions of Premium customers by disclosing their private messages to train generative artificial intelligence models has been dismissed. The plaintiff Alessandro De La Torre on Thursday filed a notice of dismissal without prejudice in the San Jose, California federal court, nine days…
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Auto tech firm CDK reaches $630 million settlement in US dealer data case
By Mike Scarcella (Reuters) – Automotive technology giant CDK Global has agreed to pay $630 million to settle antitrust claims that it caused hundreds of software vendors to overpay for vehicle dealership data by restricting access. The proposed settlement, filed on Monday night in a federal court in Madison, Wisconsin, requires a judge’s approval. The company denied any wrongdoing in…
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US dollar retreats from 2-year high as Trump touts ‘tremendous’ tariff power, but holds off on swift action
The US dollar (DX=F, DX-Y.NYB) further retreated from near two-year highs on Friday, falling to a one-month low after President Trump said he would “rather not” impose tariffs on China. “We have one very big power over China, and that’s tariffs, and they don’t want them,” Trump said in an interview with Fox News on Thursday. “And I’d rather not…
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