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The top savings accounts earn up to 5% APY. See our list of the best high-yield savings account rates today, June 3, 2025

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**Excerpt:**

Want your savings to work harder for you? In June 2025, top high-yield savings accounts are offering an impressive **5% APY**—far outpacing traditional banks. According to Fortune.com, these accounts can help your money grow effortlessly, even amid inflation. Finance expert **Glen Luke Flanagan** breaks down the best options, highlighting key features like **no fees, easy access, and FDIC insurance**. Whether you’re building an emergency fund or saving for a big goal, now’s the time to switch. Discover the top-rated accounts and start maximizing your returns today.

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Hims & Hers shares tumble as margin miss adds to concerns about GLP-1 business

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Hims & Hers Health reported strong Q4 2024 revenue growth, surpassing expectations, but its stock fell 18% due to margin concerns and regulatory scrutiny over its weight-loss drugs. While the company forecasts strong 2025 revenue, stricter FDA regulations could impact future profitability, making its next earnings call highly anticipated.

Trump says tariffs on Canada and Mexico ‘will go forward’

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President Trump confirmed tariffs on Canada and Mexico will proceed as planned, emphasizing the need to protect U.S. industries. Despite concerns over trade relations and potential economic impacts, he remains committed to his protectionist policies, aiming to boost domestic manufacturing and reduce reliance on foreign imports. Responses from both nations are expected.

What we want to hear from Jensen Huang when Nvidia reports earnings Wednesday

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Nvidia’s Q4 2025 earnings report, set for February 26, will highlight its AI market position amid competition from DeepSeek. Despite stock fluctuations and Blackwell chip rollout concerns, strong demand persists. Investors await insights from CEO Jensen Huang on Nvidia’s growth strategies and future prospects in the evolving AI landscape.

It’s hard to make friends when you’re older, experts say: 3 reasons why—and how to fix it

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Making friends as an adult is challenging due to distance, life stage differences, and shifting values. However, fostering connections is possible through deep conversations, thoughtful planning, and emotional support. By being intentional in social interactions, we can build and maintain meaningful friendships that enrich our lives despite life’s inevitable changes.

Market comeback loses steam, but here’s why Bristol Myers is still having a strong day

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The stock market had a mixed session on February 24, 2025, with AI stocks struggling while Bristol Myers Squibb outperformed, gaining over 3%. Defensive healthcare stocks attracted investors, and BMY’s CEO’s insider purchase boosted confidence. Meanwhile, Alphabet saw gains from an expanded Salesforce partnership, reinforcing Google Cloud’s strong market position.

Jamie Dimon calls U.S. government ‘inefficient’ and says Elon Musk’s DOGE effort ‘needs to be done’

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JPMorgan Chase CEO Jamie Dimon criticized government inefficiency, advocating for reforms that ensure spending benefits citizens. With Elon Musk leading the new Department of Government Efficiency, the Trump administration’s budget cuts spark debate over accountability. Dimon warns reforms must follow legal boundaries to balance cost-cutting with democratic oversight.

Watch: Trump and French President Emmanuel Macron to hold press conference

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U.S. President Donald Trump and French President Emmanuel Macron held a pivotal White House meeting amid the Ukraine conflict. Key topics included ending the war, a U.S.-Ukraine minerals deal, and Trump’s dialogue with Putin. The discussions signal shifting diplomatic priorities as global leaders navigate economic and military strategies in a tense geopolitical landscape.

Starbucks to lay off 1,100 corporate workers as sales sag

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Starbucks is laying off 1,100 corporate employees amid declining sales, aiming to streamline operations and improve efficiency. CEO Brian Niccol emphasizes faster decision-making and agility. The restructuring reflects shifting consumer habits and increased competition, as Starbucks seeks to regain momentum and strengthen its market position through cost-saving and service improvements.

5 things to know before the stock market opens Monday

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This week, investors watch Nvidia’s earnings, PCE inflation data, and competition in AI. Warren Buffett’s record $334.2 billion cash reserves spark speculation, while Elon Musk’s federal workforce policy faces backlash. Meanwhile, CNBC honors women leaders with its 2025 Changemakers List, highlighting progress in corporate leadership despite ongoing gender disparities.

‘Uphill battle’ ahead: Trump, business leaders and economists react to German election result

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Germany’s 2025 election marks a conservative shift as Friedrich Merz’s CDU-CSU wins. With coalition talks ongoing, challenges include economic stagnation, rising AfD influence, and complex U.S. relations under Trump. Merz faces hurdles in defense funding and trade policies, requiring decisive leadership to navigate Germany’s shifting political and economic landscape.

Apple to open AI server factory in Texas as part of $500 billion U.S. investment

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Apple is investing $500 billion in U.S. manufacturing, including a new AI server facility in Houston. This expansion supports Apple Intelligence, creates 20,000 jobs, and strengthens AI infrastructure. With a Manufacturing Academy in Michigan and increased domestic production, Apple aims to enhance innovation while reducing dependence on overseas suppliers.

Voters flock to political extremes in Germany as the centrist parties stumble

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Germany’s 2025 federal election saw centrist parties suffer historic losses as far-right AfD and far-left Die Linke surged. With rising polarization, economic instability, and immigration debates fueling division, CDU-CSU’s Friedrich Merz faces a fractured political landscape. The election’s outcome raises concerns about Germany’s future political stability and European role.

Germany’s conservatives declare victory in Berlin. Now the hard work begins

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Germany’s CDU-CSU, led by Friedrich Merz, won the 2025 federal election with 28.6% of the vote, ending political instability. With no majority, coalition talks are ongoing. Key challenges include economic stagnation, fiscal policy, and geopolitical tensions. Markets reacted cautiously, while Germany’s future direction under Merz remains a global focus.

Tech investor Prosus to buy Just Eat Takeaway.com for $4.3 billion

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Prosus is acquiring Just Eat Takeaway for $4.3 billion in a major food delivery industry shake-up. The deal provides Just Eat Takeaway with financial stability after recent struggles, while Prosus strengthens its market position. This acquisition reflects broader industry consolidation as companies adapt to shifting consumer demands and rising operational costs.

DeepSeek has stoked a rotation out of India stocks into Chinese equities — but experts advise caution

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Global investors are shifting from India to China due to advancements in AI, boosting Chinese stocks. Meanwhile, India faces economic slowdown concerns. Despite China’s market rebound, risks like trade tensions and financial vulnerabilities persist. Experts urge diversification, emphasizing India’s long-term growth potential amid evolving global investment trends.

Singapore inflation climbs at the slowest rate since February 2021

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Singapore’s inflation dropped to its lowest level since 2021, with headline inflation at 1.2% in January 2025. Core inflation also declined sharply, prompting the Monetary Authority of Singapore to ease policy. This slowdown may bring financial relief for households and businesses, fostering a more stable economic environment amid ongoing global uncertainties.

Trump says Dan Bongino to be FBI deputy director

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Dan Bongino has been appointed FBI Deputy Director by new Director Kash Patel, marking a significant leadership shift. A former Secret Service agent and conservative commentator, Bongino’s selection raises concerns over politicization. Critics question his FBI experience, while supporters argue his law enforcement background could bring necessary reforms.

Here’s my strategy for the stock market this week after Friday’s brutal sell-off

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Jim Cramer advises patience amid market volatility following last week’s sell-off. Concerns over inflation, Fed policy, and consumer spending fueled declines across multiple sectors. Cramer suggests holding cash and waiting for further corrections before investing. Key earnings reports and political developments will impact market sentiment in the coming days.

Some US agencies tell workers not to reply to Musk’s ‘What did you do last week’ email

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Elon Musk’s push for federal efficiency under Trump’s administration has triggered controversy, with mass layoffs and a directive demanding job activity reports. Agencies resist, citing security risks and operational concerns. As workforce cuts disrupt critical functions, debates intensify over whether this approach streamlines bureaucracy or dangerously undermines government stability.

These are the 7 things we’re watching in the stock market in the week ahead

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Stocks face volatility as investors await key earnings, Fed signals, and inflation data. Nvidia, Home Depot, and Salesforce report this week, while the PCE index could impact rate-cut expectations. Major indices fell last week, with notable declines in Walmart, UnitedHealth, and Palantir. Market sentiment remains uncertain amid economic shifts.

Germany’s conservatives win federal election, exit polls show

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Germany’s 2025 federal election brought a major political shift, with CDU-CSU winning and Friedrich Merz set to become chancellor. AfD surged to second place, while SPD faced a significant defeat. Coalition talks are crucial as economic struggles and international challenges shape Germany’s future, signaling a transformation in the country’s political landscape.

Chinese medical devices are in health systems across U.S., and the government and hospitals are worried

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U.S. hospitals face cybersecurity threats from Chinese-made medical devices, particularly the Contec CMS8000 monitor, which has a critical security flaw. Experts warn hackers could manipulate patient data, posing severe health risks. With no immediate fix available, hospitals must act swiftly as concerns grow over foreign technology’s impact on national security.

How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy

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The Trump administration, in collaboration with Elon Musk’s Department of Government Efficiency, is executing historic federal job cuts, affecting up to 200,000 employees. While officials argue it trims waste, economists warn of economic fallout. Protests and uncertainty grow as the nation grapples with the largest government layoffs in U.S. history.

I’ve worked with over 1,000 kids—the ones with the best people skills have parents who do these 6 things

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Helping children build strong social skills starts with open communication, emotional validation, and empathy. Parents can encourage problem-solving, set boundaries, and prepare kids for new experiences. Through play and everyday interactions, children learn emotional intelligence, fostering confidence and meaningful relationships that support their lifelong well-being.

Musk orders U.S. federal workers to report on work by Monday or resign

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Elon Musk’s directive for federal employees to justify their work in five bullet points or face resignation has sparked outrage. Unions and legal experts challenge the legitimacy of this unprecedented order, raising concerns over its impact on national operations and government efficiency amid the Trump administration’s push for workforce reductions.

What Alphabet’s plan to launch a lower-price YouTube product means for the stock

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Alphabet has introduced **Premium Lite**, a lower-cost YouTube subscription offering ad-free videos (excluding music). This move aims to expand YouTube’s subscriber base and reduce reliance on ads. Amid growing competition, particularly from Spotify’s video podcasts, Alphabet is strengthening its subscription model to ensure long-term revenue stability and market dominance.

Read Warren Buffett’s latest annual letter to Berkshire Hathaway shareholders

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Warren Buffett’s 2025 letter reaffirms his confidence in stocks over cash, endorses Greg Abel as a strong successor, and highlights Berkshire Hathaway’s growing investments in Japan. Emphasizing long-term value investing, Buffett assures investors that patience and disciplined decision-making will drive continued success under Abel’s leadership.

Walmart’s worst week since 2022: Retailer’s former U.S. CEO Bill Simon thinks Wall Street is getting earnings, tariff risks wrong

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Walmart’s stock dropped nearly 9% despite beating earnings expectations, driven by concerns over slowing profits and new tariffs. Former Walmart U.S. CEO Bill Simon believes the market overreacted, suggesting long-term investors may see this as a buying opportunity. Walmart’s resilience and adaptability could position it for future strength.

Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion

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Berkshire Hathaway’s Q4 2024 earnings showed strong operating profits, driven by insurance gains, despite a drop in net earnings. Buffett’s cautious strategy led to record cash reserves of $334.2 billion and reduced Apple holdings. Insurance losses from wildfires and declining investment gains highlight ongoing challenges as Berkshire navigates economic uncertainties.

Battered and bruised after 3 years of war, Ukraine is up against the ropes as U.S. backing vanishes

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Ukraine faces escalating challenges as U.S. support wanes under President Trump, while Russia advances militarily and diplomatically. With Washington shifting priorities and engaging directly with Moscow, Kyiv’s bargaining power weakens. As European allies struggle to fill the gap, Ukraine remains determined to defend its sovereignty amid uncertain prospects for peace.

Amazon workers reject union in vote at North Carolina warehouse

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Amazon workers at the RDU1 facility in North Carolina voted against unionizing, with 2,447 opposing and 829 in favor. Despite the setback, labor organizers vow to continue advocating for better wages and conditions. Amazon denies interference, while union supporters accuse the company of intimidation tactics. The broader unionization push persists.

Trump administration wants to un-fire some nuclear safety workers but can’t figure out how to reach them

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The Trump administration faces backlash after mass layoffs at the National Nuclear Security Administration, unintentionally impacting national security. Officials scrambled to rehire essential employees, but email deactivations complicated efforts. Legal challenges, political criticism, and damaged morale highlight the dangers of hasty government restructuring without proper planning, especially in sensitive areas like nuclear security.

Where to save and splurge on vacation, from a 28-year-old travel agent on track to book $1 million in trips this year

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Travel expert Rebecca Smiley advises splurging on accommodations for comfort and location while saving on flights to maximize vacation budgets. She highlights the rise of personalized, experience-driven travel, especially among younger generations prioritizing memorable getaways over material possessions. In 2025, unique and customized trips will define the travel landscape.

Russia’s Putin could be NATO’s ‘Man of the Year’ as he’s strengthened the alliance, Trump ally says

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The 2025 Munich Security Conference highlighted how Putin’s war in Ukraine inadvertently strengthened NATO, boosting unity and defense coordination. Key discussions included Ukraine’s NATO prospects, Europe’s role in peace efforts, and a proposed U.S.-Ukraine rare earth minerals deal. These developments signal a reshaping of global security alliances and strategies.

Self-made millionaire: I’ve interviewed over 1,000 couples—avoiding this ‘horrible phrase’ helps raise kids who are good with money

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Financial expert Ramit Sethi warns that saying “We can’t afford it” fosters a scarcity mindset in kids. Instead, parents should frame money decisions around priorities, not limitations. Involving children in financial discussions and modeling intentional spending helps build financial confidence, ensuring they develop healthy money habits for the future.

‘I’m on Trump time:’ Kellogg says Russia-Ukraine peace plan could come in days or weeks

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A potential Russia-Ukraine peace deal may be imminent, but Europe’s limited role sparks tensions. U.S. envoy Keith Kellogg signals swift negotiations, with possible territorial concessions. European leaders voice concerns over exclusion and transparency. As Trump leads talks, questions remain about long-term stability and the broader geopolitical implications of the agreement.

Here’s how two apps are connecting Black-owned restaurants with new customers

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EatOkra and Black Foodie Finder are revolutionizing Black-owned restaurants by enhancing visibility, marketing, and community engagement. Through technology, events, and partnerships, they empower restaurateurs with essential tools and exposure. Their efforts are fostering a thriving Black culinary scene, ensuring long-term success for Black chefs and food entrepreneurs.

NATO’s Rutte tells European members to ‘stop complaining’ and come up with concrete ideas

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The 2025 Munich Security Conference highlighted NATO’s urgent need for increased defense spending and unity amid rising geopolitical threats. NATO Secretary General Mark Rutte proposed raising spending targets, while Donald Trump pushed for even higher contributions. With tensions escalating, NATO’s upcoming summit will shape its future military and financial strategy.

Trump Media reports $400 million in 2024 losses

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Trump Media & Technology Group (TMTG) reported a $400.9 million loss in 2024, citing legal costs, advertising shifts, and revenue-sharing changes. Despite this, TMTG holds strong cash reserves and plans expansion into digital media, finance, and cryptocurrency. Its long-term vision remains ambitious despite recent financial setbacks and stock declines.

Druckenmiller buys airline shares, Amazon and Warner Brothers, while dumping Broadcom

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Billionaire investor Stanley Druckenmiller reshaped his portfolio in late 2024, taking major stakes in airlines, Amazon, and Warner Brothers Discovery while exiting Broadcom. His moves signal confidence in travel, tech, and pharmaceuticals. Notably, he maintained his largest investment in Natera, reflecting strong interest in healthcare and biotech heading into 2025.

Wells Fargo gets another win, plus what’s fueled 2 tech giants to big weeks

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Tech giants Apple and Nvidia surged, while Wells Fargo cleared another regulatory hurdle, boosting investor confidence. Apple’s AI expansion in China and Nvidia’s AI-driven rebound fueled gains. Wells Fargo’s compliance progress may lead to lifting its asset cap. Market momentum persisted despite inflation concerns, with key earnings reports ahead.

Bill Gates regretted leaving Harvard: I spent Microsoft’s first year trying to get a friend to ‘take charge,’ so I could return

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Bill Gates struggled with leaving Harvard to fully commit to Microsoft. Initially hesitant, he valued education but recognized the urgent opportunity in personal computing. His calculated risk paid off, shaping Microsoft into a tech giant. Gates advises students to prioritize learning while seizing opportunities when timing and passion align.

Former Binance CEO Changpeng Zhao inspires flood of ‘Broccoli’ memecoins: ‘I am just posting my dog’s picture’

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A simple dog photo from former Binance CEO Changpeng Zhao unexpectedly sparked a Broccoli-themed memecoin frenzy. Social media hype led to the rapid creation of new tokens, highlighting the crypto market’s volatility and influence of internet culture. This unexpected trend showcases how quickly online moments can drive financial speculation.

JD Vance criticizes European democracy, says greatest threat is ‘from within’

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At the 2025 Munich Security Conference, U.S. Vice President JD Vance clashed with European leaders, criticizing Europe’s internal democratic challenges and migration policies. German officials, notably Defense Minister Boris Pistorius, pushed back strongly. Vance’s remarks underscored growing transatlantic divisions, raising concerns over future U.S.-EU relations amid rising political tensions.

Stocks making the biggest moves midday: Coinbase, Airbnb, WeRide, GameStop and more

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Stocks fluctuated on February 14, 2025, as earnings reports drove gains for Airbnb, Roku, and WeRide, while Coinbase, Twilio, and GoDaddy declined. Nvidia’s investment in WeRide fueled optimism, while weak forecasts hurt some stocks. Market analysts and corporate strategies influenced movements, highlighting both opportunities and challenges for investors.

Airbnb pops 14%, heads for record rally on earnings beat

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Airbnb’s stock surged 14.5% after reporting record Q4 2024 earnings, with revenue hitting $2.48 billion and net income reaching $461 million. CEO Brian Chesky envisions expanding Airbnb beyond vacation rentals into a broader travel ecosystem. Despite a cautious Q1 outlook, the company remains focused on sustained growth and social impact initiatives.

Here’s why we aren’t concerned about the recent pullback in our newest stock

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Jim Cramer’s CNBC Investing Club remains confident despite recent stock pullbacks, emphasizing long-term growth over short-term reactions. Key topics included Palo Alto Networks’ decline, CrowdStrike’s strength, and Texas Roadhouse’s dip. Cramer advises patience, noting strong fundamentals and upcoming earnings reports as opportunities for informed investing decisions amid market fluctuations.

Warren Buffett’s Berkshire Hathaway sells some DaVita; Shares fall on disappointing guidance

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Warren Buffett’s Berkshire Hathaway trimmed its stake in DaVita amid a weaker 2025 outlook, causing an 8% stock decline. Rising costs and dialysis center closures pressured earnings, despite exceeding Q4 estimates. Investors remain cautious, though Berkshire’s 45% stake signals confidence in DaVita’s long-term potential amid ongoing financial and operational challenges.

5 things to know before the stock market opens Friday

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Stock futures dipped amid new trade policy shifts from President Trump, while GameStop surged on crypto investment speculation. Major retailers scaled back DEI commitments, raising concerns for small businesses. CVS Health staged a strong comeback, gaining 45% in 2025. Investors remain watchful as market trends develop in the coming weeks.

Zuckerberg’s rightward policy shift puts Meta staffers on edge, targets Apple

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Meta, under Mark Zuckerberg, is shifting politically, easing content moderation, and restructuring internally. Aligning with Trump, it disbanded DEI programs and fact-checking services, raising misinformation concerns. Layoffs hit election security teams, while Meta escalates its Apple feud. These changes reshape Meta’s influence on free speech, corporate power, and digital discourse.

As Target and other retailers drop DEI programs, Black founders could face tougher battle to get and stay on shelves

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Major retailers like Target and Walmart are scaling back DEI initiatives, impacting Black-owned brands’ access to shelf space. While companies like Sephora and Costco remain committed, entrepreneurs fear reduced visibility. Consumers play a key role—intentional spending can help sustain Black businesses amid shifting corporate diversity commitments.

Birkin bag maker Hermes posts better-than-expected jump in fourth-quarter sales

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Hermès defied industry challenges in Q4 2024, posting a 17.6% sales increase to €3.96 billion. Strong demand for leather goods and unwavering customer loyalty fueled growth. Investors responded positively, boosting its stock. Looking ahead, Hermès remains confident in its craftsmanship and exclusivity to sustain momentum in an uncertain luxury market.

Sony shares surge over 10% after it raised 2024 revenue and profit forecast

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Sony’s stock surged 10.7% as PlayStation 5 sales and record user engagement drove strong growth. Sony raised its profit forecast to ¥1.34 trillion, with PS5 sales reaching 74.9 million units. Analysts predict further gains in FY2025, citing major game releases and cost-cutting strategies. Sony continues to dominate gaming.

TikTok returns to Google’s app store

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TikTok is back in U.S. app stores after a legal battle over national security concerns. Newly elected President Donald Trump delayed enforcement of a ban, allowing time for negotiations. While users celebrate its return, TikTok’s future remains uncertain as its Chinese parent company faces pressure to divest U.S. operations.

Palo Alto deserves more credit for quarterly results only a year into its new strategy

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Palo Alto Networks reported strong Q2 2025 earnings, surpassing expectations with $2.26 billion in revenue and $0.81 EPS. However, cautious guidance and unmet high investor expectations led to a stock decline. The company’s platformization strategy, AI-driven security, and major contracts position it for long-term growth despite short-term market reactions.

Singapore’s GDP expands by 4.4% in 2024, fastest growth since 2021

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Singapore’s economy grew 4.4% in 2024, its fastest since 2021, driven by electronics, finance, and trade. However, retail and food sectors lagged due to overseas spending. With global uncertainties ahead, the 2025 budget will be crucial in sustaining growth amid risks from U.S. trade policies and China’s slowdown.

Company ripped by Elon Musk that stores government records in a mine may actually get a boost from DOGE

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Elon Musk, as Head of Government Efficiency under Trump, criticized outdated federal record storage in a Pennsylvania limestone mine, advocating for full digital transformation. His remarks triggered a 10% drop in Iron Mountain’s stock, though analysts downplayed concerns. The push for modernization may boost digital storage and data management industries.

GameStop is considering investing in bitcoin and other cryptocurrencies, sources say

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GameStop is reportedly exploring Bitcoin investments, sparking a 20% stock surge. Under Ryan Cohen’s leadership, the company is evaluating cryptocurrency as part of its financial strategy. While no final decision has been made, the move could align GameStop with corporate Bitcoin holders like MicroStrategy, signaling a bold financial transformation.

Coinbase posts $TKB in Q4 revenue on back of crypto bull market

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Coinbase reported a $1.3 billion profit in Q4 2024, driven by a crypto market surge and increased trading activity. Bitcoin and Ethereum’s price gains attracted investors, boosting transaction revenue. Strong institutional adoption reinforced Coinbase’s position, highlighting cryptocurrency’s growing role in global finance despite ongoing regulatory challenges.

Coinbase revenue surges more than 130% driven by postelection crypto rally

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Coinbase reported exceptional Q4 2024 earnings, with revenue reaching $2.27 billion, driven by a 185% surge in trading volume. The launch of a Bitcoin ETF and a post-election crypto boom fueled growth. Despite market volatility and regulatory challenges, Coinbase is expanding into stablecoins and subscriptions to diversify revenue.

Why benefit increases prompted by the Social Security Fairness Act may be difficult to implement

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The **Social Security Fairness Act (SSFA)** eliminates the **WEP** and **GPO**, increasing benefits for 3.2 million retirees. However, **SSA funding shortfalls** and **logistical challenges** could delay payments. With a **$200 billion cost over ten years**, Congress must decide on additional funding to ensure timely implementation and avoid setbacks for beneficiaries.

Defense stocks drop after Trump says defense spending could be halved

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Defense stocks tumbled after Trump proposed cutting Pentagon spending by 50%, sparking investor concerns. Major contractors saw share declines, highlighting market sensitivity to policy shifts. While Trump aims to engage China and Russia in reducing military budgets, uncertainty looms over the feasibility of these cuts and their long-term economic impact.

Who is Alexander Vinnik, the Bitcoin criminal Trump freed in a prisoner exchange with Russia?

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Alexander Vinnik’s release in a U.S.-Russia prisoner swap raises concerns about cybercrime enforcement and political influence over legal outcomes. His case highlights cryptocurrency’s role in global finance and diplomacy, questioning whether cybercriminals can evade justice through political deals, potentially undermining efforts to strengthen international financial security and cybersecurity regulations.

GE Healthcare soars 9% on earnings beat, wise guidance. Here’s our new price target

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GE Healthcare’s stock surged 9% after strong earnings and an optimistic 2025 outlook. The company reported solid margins, AI-driven innovations, and FDA-approved products like Flyrcado. Despite challenges in China and currency fluctuations, GE Healthcare projects steady growth, reinforcing confidence in its industry leadership and future profitability.

Two sleeper stocks have come to life — earnings later Thursday could make or break one of them

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Stocks rallied despite inflation concerns, with GE Healthcare surging on strong earnings and Palo Alto Networks’ results highly anticipated. DuPont gained after an analyst upgrade, while trade policy developments added uncertainty. Investors remain focused on inflation, tariffs, and corporate earnings as market momentum shifts in response to economic and policy changes.

As Trump eyes more tariffs, South Korea remains safe haven for GM and Hyundai

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Former President Trump is considering higher car tariffs on South Korea and Japan, potentially raising U.S. vehicle prices. South Korean automakers, benefiting from tariff-free exports, could face cost increases, while Japanese brands may struggle further. Industry leaders warn of market disruptions, leaving automakers and consumers uncertain about future trade policies.

The top 10 U.S. cities New Yorkers want to move to most—3 are in Florida: ‘The snowbird cliché comes to mind,’ expert says

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A recent report reveals that Philadelphia has overtaken Miami as the top destination for relocating New Yorkers. Affordability, job opportunities, and cultural familiarity make Philly attractive. Florida remains popular, with Miami, Tampa, and Orlando in the top ten. Rising costs continue to drive New Yorkers to cities offering better value.

Trump reciprocal tariffs news conference set for 1 p.m.

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Former President Trump introduced reciprocal tariffs, imposing matching duties on countries taxing U.S. goods. The policy targets VATs and perceived trade imbalances, sparking support from domestic manufacturers but risking global retaliation. With potential tariffs on autos looming, businesses brace for economic shifts as international trade tensions escalate.

Wholesale prices rose 0.4% in January, more than expected

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The latest Producer Price Index report indicates mixed inflation trends, with wholesale prices rising 0.4% in January. While some service costs declined, food and fuel prices surged. The Federal Reserve remains cautious, likely delaying interest rate cuts until late 2025, awaiting consistent inflation relief before adjusting monetary policy.

U.S. investors, Big Pharma race to find new medicines in China

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U.S. investors and Big Pharma are increasingly partnering with Chinese biotech firms for innovative drug development. This shift challenges American startups while offering cost-effective treatments. However, regulatory hurdles and geopolitical tensions could threaten these collaborations. The industry now faces a turning point that could reshape global drug innovation.

5 things to know before the stock market opens Thursday

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Markets are volatile as inflation rises unexpectedly, the Fed delays rate cuts, and corporate shake-ups impact stocks. Reddit tumbles after a Google algorithm shift, while Nissan and Honda scrap a $60B merger. Trump signals new tariffs, adding trade uncertainty. Investors must stay informed to navigate shifting economic and policy landscapes.

Musk will withdraw OpenAI bid if ChatGPT maker stays nonprofit, lawyers say

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Elon Musk has launched a $97.4 billion bid to acquire OpenAI’s nonprofit division, arguing the company is shifting toward profit-driven motives. OpenAI CEO Sam Altman rejects the offer, escalating their long-running feud. The standoff highlights a broader ideological battle over AI’s development, commercialization, and long-term ethical direction.

Talks to end the war with Russia are set to begin — but Ukraine could pay a high price for peace

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U.S. President Donald Trump has launched high-level peace talks between Russia and Ukraine, raising hopes and concerns. While diplomacy continues, questions remain over potential territorial concessions and Ukraine’s NATO ambitions. European leaders express unease over being sidelined, while Russia seeks strategic gains. The outcome could reshape global stability.

Apple will integrate Alibaba’s AI into iPhones in China, chairman Joe Tsai says

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Apple is integrating Alibaba’s AI technology into iPhones sold in China to comply with local regulations and enhance AI capabilities. This partnership strengthens Apple’s position in China’s competitive smartphone market while boosting Alibaba’s AI leadership. The move aligns with Apple’s localization strategy, ensuring regulatory compliance and improved AI-driven experiences for Chinese users.

Honda and Nissan end merger talks, say they will continue to ‘collaborate’

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Honda and Nissan have ended merger talks due to structural disagreements but plan future collaboration on EV and intelligent vehicle technology. While a $60-billion deal was scrapped, both companies will still pursue cooperative innovation to remain competitive in the evolving automotive market, despite Nissan’s financial struggles and Honda’s steady growth.

UK economy ekes out 0.1% growth in the fourth quarter, beating expectations

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The UK economy grew by 0.1% in Q4 2024, defying contraction forecasts. Services and construction sectors drove growth, while production declined. The Bank of England cut interest rates to 4.5%, aiming to support the economy. However, concerns remain over slower 2025 growth, tax hikes, and potential US trade disruptions.

Sony posts quarterly profit beat as gaming revenues jump

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Sony’s PlayStation 5 had a stellar holiday season in late 2024, selling 9.5 million units and boosting the company’s financial performance. Strong demand and the launch of the PS5 Pro contributed to a revenue surge, prompting Sony to raise its full-year forecasts amid growing competition from Nintendo’s upcoming Switch 2.

Elon Musk’s company X settles Trump lawsuit over account suspension

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X, formerly Twitter, settled a lawsuit with President Trump for $10 million over his 2021 account suspension. The agreement reflects Elon Musk’s shift toward broader free speech policies. This follows Meta’s $25 million settlement with Trump, highlighting ongoing tensions between tech companies and political figures over content moderation and platform accountability.

Robinhood notches record profits, crypto revenue soars

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Robinhood reported a record $1 billion in Q4 2024 revenue, driven by a 500% surge in crypto trading fees. CEO Vlad Tenev highlighted crypto’s growing role in retail investing. This success underscores rising interest in digital assets, retail trading, and fintech’s expanding influence in mainstream finance.

Cisco pops on increased full-year revenue forecast

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Cisco’s stock surged 6% following strong Q2 2025 earnings, beating estimates and raising its full-year revenue forecast. Key drivers included the $27 billion Splunk acquisition, doubling security segment revenue, and AI infrastructure gains. Despite market uncertainties, Cisco remains confident in its growth, reinforcing investor trust in its long-term strategy.

Reddit just reported fourth-quarter earnings

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Reddit’s stock dropped over 15% after Google’s algorithm update impacted traffic, especially among logged-out users. Despite missing user growth expectations, Reddit exceeded financial forecasts with $428 million in revenue. CEO Steve Huffman remains optimistic, emphasizing past adaptability. The company projects strong Q1 2025 revenue, signaling confidence in its monetization strategies.

How Elon Musk’s DOGE took over the Education Department, one office at a time

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Elon Musk’s DOGE initiative has taken over key offices in the Department of Education, implementing aggressive budget cuts and reducing FAFSA funding. Critics warn of chaos and harm to students, while Musk claims efficiency improvements. With secrecy and uncertainty looming, the long-term impact on schools and students remains unclear.

CFPB’s new leadership begins staff purge with dozens of employees terminated

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The CFPB has laid off dozens of employees in a broad restructuring under new leadership, sparking legal and political controversy. The move, aligned with federal downsizing efforts, has raised concerns over transparency and consumer protections. Legal challenges are expected as critics question the legality and motivations behind the terminations.

Data center player defends its stock drop which bodes well for a portfolio name

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Markets fluctuated on February 12, 2025, as inflation concerns and Trump’s proposed tariffs unsettled investors. Bond yields surged, impacting stocks, while Tesla boosted consumer discretionary gains. Vertiv’s stock drop raised AI sector fears. Upcoming earnings and economic data will be key in shaping investor sentiment amid ongoing market volatility.

Comcast and NBCUniversal receive FCC inquiry on DEI initiatives

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The FCC has launched an inquiry into Comcast and NBCUniversal’s DEI policies, following President Trump’s 2025 executive order against such initiatives. Chairman Brendan Carr argues DEI may conflict with federal rules, while critics question the FCC’s authority. The probe could set a precedent for corporate diversity policies under Trump’s administration.

Trump reciprocal tariffs could come by Thursday, White House says

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President Trump’s reciprocal tariff plan aims to impose duties on imports from countries that tax U.S. goods. Ahead of his meeting with Indian Prime Minister Modi, India is adjusting tariffs to maintain strong trade ties. The policy could reshape global trade, with industries and policymakers closely monitoring potential economic impacts.

CVS CEO defends pharmacy middlemen, accuses drugmakers of ‘monopolistic’ practices

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CVS Health CEO David Joyner defends pharmacy benefit managers (PBMs) amid criticism over rising drug prices, blaming pharmaceutical manufacturers for cost increases. Lawmakers, regulators, and industry groups debate PBMs’ role, transparency issues, and potential policy reforms, with patients caught in the middle of complex negotiations affecting medication affordability.

CVS CEO defends pharmacy middlemen, accuses drugmakers of ‘monopolistic’ practices

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CVS Health CEO David Joyner defended pharmacy benefit managers (PBMs), blaming drugmakers for high prices. While PBMs negotiate discounts, critics argue they keep savings instead of helping patients. Lawmakers and regulators continue scrutinizing PBM practices, raising questions about healthcare affordability and potential reforms in the ongoing debate over prescription drug costs.

Goldman Sachs buys up $2bn in Bitcoin, Ethereum ETFs

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Goldman Sachs has expanded its crypto investments, surpassing $2 billion in Bitcoin and Ethereum ETFs. This move highlights growing institutional adoption of digital assets, boosting their legitimacy in traditional finance. As Wall Street embraces crypto, regulated investment options are making digital asset exposure more accessible, driving broader adoption and industry transformation.

How the ripple effect of inflation, tariff concern could impact 2 big tech stocks

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Meta and Alphabet face challenges in 2025 from inflation and trade tariffs, impacting digital ad revenue. Meta bets on AI-driven ad tools and Reels, while Alphabet enhances AI-powered search and cost efficiencies. Both firms aim to sustain growth despite economic uncertainties, shaping the future of digital advertising in a volatile market.

How the ripple effect of inflation, tariff concern could impact 2 big tech stocks

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Rising inflation and new tariffs are impacting Meta and Alphabet, leading to cautious ad spending. With digital ad growth slowing, both companies are leveraging AI to optimize campaigns. Meta focuses on Reels monetization, while Alphabet enhances AI-driven search ads. Despite challenges, innovation remains key to their future success in digital advertising.

How the ripple effect of inflation, tariff concern could impact 2 big tech stocks

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Inflation and tariffs are creating challenges for Meta and Alphabet, slowing digital ad growth and impacting revenue from Chinese advertisers. Both companies are turning to AI-driven advertising and platform expansion to sustain leadership. Investors are monitoring their strategies as economic uncertainty threatens their dominance in the digital advertising market.

Digital asset custodian Bitgo reportedly weighs IPO as soon as this year

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BitGo is reportedly considering an IPO in 2025, signaling growing institutional demand for secure crypto storage. A public listing could boost its credibility, attract investors, and influence regulatory standards. While no final decision has been made, this move could shape the future of digital asset custody and institutional crypto adoption.

Binance, SEC move to pause crypto lawsuit

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The SEC has paused its lawsuit against Binance, signaling a potential shift in crypto regulation under the Trump administration. A new crypto task force aims to reassess enforcement strategies, fostering a more balanced approach. This move could bring greater regulatory clarity, benefiting Binance and the broader crypto industry.

Uniswap Labs opens hyper fast blockchain Unichain to the public

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Uniswap Labs has introduced Unichain, a Layer 2 blockchain designed to enhance transaction speed and reduce costs. By integrating its decentralized exchange with blockchain infrastructure, Uniswap aims to improve efficiency and scalability. With fierce competition in Ethereum scaling, Unichain could play a pivotal role in DeFi’s future.

Kanye West douses memecoin rumor; Dave Portnoy dives into Solana

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Kanye West denies rumors of launching a cryptocurrency, distancing himself from the volatile market. Meanwhile, Dave Portnoy embraces Solana-based memecoins, actively investing and sharing insights. Their contrasting approaches highlight the ongoing debate over celebrity involvement in digital assets, as memecoins continue to attract attention despite market risks and speculation.

Crypto Crash Course

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Coinbase reported strong Q4 profits, driven by surging trading volumes and growing institutional interest. Diversified revenue streams, including subscriptions and services, contributed to its success. Despite regulatory challenges, Coinbase remains well-positioned for future growth, leveraging innovation and market momentum to strengthen its leadership in the evolving cryptocurrency landscape.

Business

Franklin Resources Cuts 3% of Workforce After Wamco Outflows

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Franklin Resources is laying off 300 employees, or 3% of its workforce, following $120 billion in client withdrawals from its subsidiary, WAMCO. The move aims to stabilize operations amid market challenges. The asset management industry faces increasing competition, prompting firms like Franklin to restructure and adapt to shifting investor demands.

Business

Clorox Raises Guidance After Quarterly Sales Top Estimates

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Clorox’s inspiring recovery from a 2023 cyberattack showcases resilience and innovation. By enhancing cybersecurity, revising strategies, and leaning on trusted products like Formula 409, the company has turned crisis into opportunity. With improved financial forecasts and restored consumer trust, Clorox proves that adaptability drives success in the face of adversity.

Business

Palantir shares pop 10% after company posts strong earnings and outlook

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Palantir Technologies stunned Wall Street with record-breaking Q4 2024 earnings, showcasing 36% year-over-year revenue growth to $828 million. Fueled by its dominance in AI and data analytics, the company projects ambitious 2025 growth, solidifying its leadership in innovation across commercial and government sectors while redefining the future of technology.

Business

MUFG Looks Beyond Record Profits to Win Global Investors

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MUFG, Japan’s largest financial institution, is on track for record profits of ¥1.75 trillion. Leveraging favorable economic conditions, CFO Jun Togawa emphasizes sustainable global growth through strategic reinvestment and international expansion. MUFG aims to redefine banking leadership, bridging short-term success with long-term resilience and forging enduring global partnerships.

Business

World’s Richest People Lose $108 Billion After DeepSeek Selloff

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On January 27, 2025, a tech-driven selloff erased $108 billion from the fortunes of the world’s wealthiest, sparked by struggles at AI giant DeepSeek. High-profile billionaires, including Jensen Huang and Larry Ellison, faced massive losses, underscoring the volatility of transformative industries like AI and the fragility of investor confidence.

Business

Amazon taps Whole Foods CEO to oversee grocery business

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Amazon has appointed Whole Foods CEO Jason Buechel to lead its global grocery operations, signaling a bold push to redefine the grocery industry. With his proven track record and Amazon’s focus on innovation and logistics, the company aims to integrate technology, affordability, and convenience for a transformative grocery shopping experience.

Business

Amazon’s push to make Prime Video profitable.

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Amazon is transforming Prime Video to achieve profitability by 2025, focusing on live sports, integrating third-party channels, and diversifying revenue streams. Led by CEO Andy Jassy, this bold shift moves beyond costly originals like *The Rings of Power* toward sustainable growth, reshaping the platform’s strategy in a competitive, evolving streaming landscape.

Business

Alphabet shares close above $200 value for first time

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Alphabet Inc. reached a major milestone as its shares closed above $200 for the first time, driven by a strong focus on AI innovation and record revenue growth. Flagship products like Gemini 2.0 and advances in Google Cloud highlight Alphabet’s leadership, despite fierce competition and regulatory challenges in the evolving tech landscape.

Business

Banks Prepare to Offload as Much as $3 Billion of X Buyout Debt

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Major banks, led by Morgan Stanley, are preparing a $3 billion discounted debt sale tied to Elon Musk’s $44 billion X acquisition. Set for January 2025, the sale tests market confidence in Musk’s ambitious “everything app” vision amid financial challenges, high debt, and investor scrutiny over X’s profitability and future growth.

Business

Shale Spurs Argentina’s Largest Energy Trade Surplus Since 2006

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Argentina’s energy sector has achieved a historic $5.7 billion trade surplus in 2024, fueled by the Vaca Muerta shale boom. With expanded pipelines, rising exports, and reduced imports, the country is reversing decades of dependency, cementing its status as a global energy leader and paving the way for economic stability and growth.

Business

European stocks head for slightly higher open as markets assess the impact of Trump 2.0

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European markets grappled with mixed outcomes on January 21, 2025, amid political shifts, corporate shifts, and economic recalibrations. Renewable energy giant Orsted faced losses, while fintech leader Avanza thrived. Trump’s protectionist policies unsettled automakers, and Davos’ muted summit spotlighted weak global cohesion. Adaptation remains critical amid dynamic global challenges.

Business

Why merger mania is coming to the fore in the mining industry

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The mining sector braces for transformative mergers amid surging demand for copper, critical to renewable energy technologies. Speculation around a $150 billion Rio Tinto-Glencore merger has sparked industry-wide curiosity, despite challenges like conflicting strategies and regulatory hurdles. As 2025 unfolds, consolidation could reshape the industry’s role in the global energy transition.

Business

Why the gold boom is causing a surge in illegal mining

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Gold’s soaring value masks its grim toll: illegal mining fuels environmental destruction, human suffering, and lost revenues in resource-rich nations. Communities face poisoned waterways, health crises, and deadly mining conditions. As inequality deepens, ethical sourcing and stronger regulations are urgent, reminding us that gold’s glitter hides a darker, costly shadow.

Business

Greenland’s melting ice is clearing the way for a mineral ‘gold rush’

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Greenland’s melting ice reveals vast mineral wealth, including nickel, copper, and rare earth elements critical for green energy. While this sparks global interest and economic potential, it also underscores environmental costs, logistical challenges, and geopolitical implications. A delicate balance between opportunity and sustainability will shape Greenland’s future amid climate change.

Business

EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024

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In 2024, electrified vehicles hit a milestone, accounting for 20% of U.S. new car sales. With 3.2 million EVs and hybrids sold, Tesla led the charge despite increased competition. However, looming federal policy rollbacks threaten this growth. Still, shifting consumer preferences signal a transformative push toward sustainable, greener transportation options nationwide.

Business

Stocks making the biggest moves premarket: UnitedHealth, Morgan Stanley, Target, Southwest & more

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On January 16, 2025, markets saw mixed momentum as sectors navigated earnings surprises and strategic shifts. UnitedHealth and Southwest faced setbacks, while Morgan Stanley, TSMC, and Sezzle delivered strong performances. Retail and fintech demonstrated resilience, reflecting evolving consumer trends. The day underscored opportunities and challenges shaping 2025’s dynamic investment landscape.

Business

Oil major BP to cut thousands of jobs in cost-cutting drive

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BP is cutting 4,700 jobs and 3,000 contractor roles globally to save $2 billion by 2026, citing declining oil output and weaker refinery margins. The move reflects BP’s push to streamline operations amid financial pressures, balancing immediate performance with long-term sustainability goals in a rapidly changing energy landscape.

Business

Core inflation rate slows to 3.2% in December, less than expected

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Core inflation eased to 3.2% in December 2024, signaling progress in taming rising prices. However, high costs in shelter and transportation persist, straining household budgets. While the Federal Reserve may pause rate hikes, slow wage growth and inflationary pressures mean Americans face an uneven path toward economic relief and stability.

Business

Stocks making the biggest moves premarket: Goldman Sachs, BlackRock, Rigetti Computing, Meta & more

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Premarket action on January 15, 2025, highlighted record-breaking earnings from Wall Street giants like JPMorgan and Goldman Sachs, alongside surging quantum computing stocks driven by Microsoft’s “Quantum Ready” initiative. Banking strength and tech innovation set a dynamic tone for investors, signaling robust economic health and transformative advancements in computing technology.

Business

Citigroup is slated to report fourth quarter earnings before the bell

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Citigroup’s impressive Q4 2024 results mark a remarkable turnaround under CEO Jane Fraser’s leadership. With a $2.86 billion net income, 12% revenue growth, and thriving divisions like wealth management and investment banking, the bank’s transformation signals resilience, strategic execution, and a bright future, reinforced by a $20 billion stock buyback plan.

Business

Wells Fargo shares jump after earnings beat, strong 2025 guidance

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Wells Fargo closed 2024 with stellar results, exceeding earnings expectations and delivering $5.1 billion in net income—a 47% YOY increase. Under CEO Charlie Scharf’s leadership, strong investment banking growth, operational efficiency, and aggressive shareholder returns signal a remarkable turnaround and set the stage for sustainable growth in 2025 and beyond.

Economy

Why a virtual influencer company is betting big on US growth after seeing quarterly revenue surge by 50% in the last year

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Japan-based Cover Corp, through its Hololive Production division, is revolutionizing virtual entertainment with VTubers like Gawr Gura and Mori Calliope. Expanding rapidly in the US, the $1 billion company blends virtual artistry, live events, and cultural collaborations, redefining anime-inspired influencers as global icons in the evolving entertainment landscape.

Business

Man arrested after attempted stabbing inside DC business

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A routine day in Washington, D.C., turned chaotic when law enforcement thwarted an attempted stabbing inside a business. The swift arrest of the unidentified suspect prevented tragedy, but questions about the motive and impact linger. The incident underscores the importance of vigilance, preparedness, and appreciation for first responders’ quick actions.

Economy

‘Trump 2.0″ looms large over the global economy

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As the global economy heads into 2025, challenges abound with inflation, trade conflicts, and geopolitical shifts shaping the landscape. Donald Trump’s return to the U.S. presidency, protectionist policies, and rising global uncertainties threaten fragile recoveries, while inflation and rising living costs weigh heavily on households and cross-border industries worldwide.

Business

Manufacturing Business News: Tires on the Move, Additive for Accessibility and Other Headlines

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Industries in 2025 are witnessing transformative innovation, from eye-tracking devices revolutionizing accessibility to automated food safety systems. Highlights include Lockheed Martin’s $11.8B F-35 deal, Goodyear’s Dunlop sale, and photonics powering AI advancements. These breakthroughs underscore how technology addresses global challenges, fostering a more connected and equitable future.