'SIMPLE': High school dropout earns $50,000 a month The father-of-four was working at Maccas when he came up with a plan to 'make a lot of money'. Yahoo Finance AU • 3 hours ago NAB's cashless revolt set to benefit millions: 'Never go out of style' NAB joins major banks in significant RBA interest rate call 'LONG OVERDUE': 200 companies embrace 4-day work week shift Major twist in company collapse as thousands lose jobs Drastic turn as desperate landlord's $12k offer revealed 'IT'S ON': Westpac joins CBA, ANZ in major RBA call Common mistake cost property buyer $70,0000 $9,000 tax hit facing retirees due to one super move Inflation fall to deliver $385 interest rate relief Latest Morning Bid: Trump tariff grenade threatens market calm Private Equity Returns Overtake Private Credit in Rebalancing Big central banks start 2025 heading in different directions Bitcoin Extends Advance After Fed Meeting, Powell Commentary Last of big four banks updates rate cut tip Australians are among the most frustrated in the world over housing, survey says Aussie sharemarket closes on 100 day high More news Stock market today: Dow, S&P 500, Nasdaq move higher with Apple earnings in the wings Investors are combing the first batch of Big Tech earnings as they wait for Apple to report. Apple earnings top Wall Street forecasts while iPhone, China sales fall short Apple reported its Q1 2025 earnings after the bell Thursday, beating on expectations, but falling short on iPhone sales. Trump tariffs live updates: The latest news as the president seeks to reshape US trade policy Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy. American Airlines CEO 'absolutely heartbroken' after D.C. crash involving 64 passengers and crew, no survivors expected American Airlines CEO Robert Isom on Thursday morning expressed his condolences to the family and loved ones of those aboard a flight that collided with a military helicopter Wednesday night. Trump says no survivors after American Airlines plane collides with helicopter during approach to DC airport An American Airlines flight collided with a helicopter in midair as it approached DCA on Wednesday, the FAA said. Intel reports Q4 beats on top and bottom line, stock rises on foundry revenue outlook Intel reported its Q4 earnings after the bell on Thursday. Markets (and the world) on edge as Trump’s tariff deadline approaches Donald Trump's self-imposed deadline for a first round of tariffs on Canada, Mexico, and China looms in less than two days as economic observers and world leaders try to plan amid the uncertainty. UPS scales back on Amazon deliveries: It 'just doesn't make sense for us' UPS stock tumbled on Thursday as investors digested a weaker-than-expected sales forecast as the company scales back its business with Amazon. Meta, Microsoft downplay DeepSeek threat Microsoft and Meta seemed to shrug off the threat of DeepSeek during their earnings calls on Wednesday. GDP: US economy grows at slower-than-expected pace in fourth quarter The latest reading on US economic growth and inflation comes as investors debate when, or if, the Federal Reserve will resume cutting interest rates in 2025. Fed's wait-and-see approach likely won't be shaken by new GDP and inflation numbers A new GDP report Thursday and the expectation of a sticky inflation reading Friday should reinforce the Federal Reserve’s new wait-and-see approach on interest rates. Mortgage rates stay stuck near 7% The average 30-year mortgage rate was 6.95% this week compared with 6.96% a week earlier, according to Freddie Mac data. Meme coins a sign of 'speculative frenzy' in markets, famed short seller says Carson Block, founder and chief investment officer of Muddy Waters Capital, said he "wouldn't touch" meme coins. Comcast stock sinks as Peacock fails to add more subscribers, broadband losses disappoint Comcast stock fell double digits on Thursday after the company reported a bigger-than-expected drop in broadband customers and failed to add more subscribers to its Peacock streaming service. Fewer homes went under contract in December amid high rate pain The Pending Home Sales Index, which tracks contract signings on existing homes, dropped 5.5% from November to December as mortgage rates hover near 7%. Microsoft stock moves lower after Q2 earnings report, cloud revenue miss Microsoft stock continued to move lower Thursday morning after the company reported its Q2 earnings on Wednesday that missed estimates on key cloud revenue. Tesla stock rises after company pledges return to growth after Q4 results disappoint Tesla's fourth quarter earnings disappointed, but the company's commitment to returning to growth in 2025 saw shares rise in extended trading on Wednesday. Starbucks CEO Brian Niccol still must overcome this ultimate challenge Starbucks still has to figure out how to bring prices lower. Oracle debuts new AI agents as artificial intelligence war enters next battle Oracle debuted its latest AI agent services as the AI wars turn toward automation. Snowflake CEO: DeepSeek is the real deal, and other OpenAI rivals are coming As DeepSeek continues to capture AI whimsy and attention, what it means for investors and the markets is key. Snowflake's CEO Sridhar Ramaswamy shared a few tidbits on the Opening Bid podcast. Newman: In Trump’s economic vision, everybody’s on their own Trump is trying to institutionalize a libertarian government that will require more self-sufficiency. Are voters ready? Powell holds interest rates — and his ground: Morning Brief During the disorienting flurry of Trump's executive orders, Fed Chair Powell issued an edict of his own. He's defending the borders of his job's mandate. Meta earnings top expectations as company forecasts higher costs, AI investments in year ahead Meta announced fourth quarter earnings on Wednesday that beat expectations, while its outlook for the year ahead showed continued investments around AI. Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged Caution prevails as the Fed keeps interest rates unchanged and Nvidia sinks again, weighing on tech stocks. Zuckerberg promises 'a pivotal year for the metaverse' as its Reality Labs division continues to bleed cash Meta's Reality Labs division has lost the company more than $60 billion since 2020 as investors and analysts question whether Mark Zuckerberg's "metaverse" will ever pay off. Here's what the federal government does for you As pandemonium descended Tuesday after the Trump administration directed a freeze on federal funding, the chaos drove home a salient point: The federal government does a lot for you. Trump says Powell and Fed ‘failed to stop the problem they created’ on inflation President Donald Trump wasted no time criticizing the Fed after it held rates steady Wednesday, arguing Jerome Powell and the central bank "failed to stop the problem they created" on inflation. White House rescinds its memo freezing federal spending — sort of The Trump administration rescinded its controversial memo ordering a freeze on federal aid and grant programs Wednesday but insisted it would still follow through on plans to pause certain types of federal spending. DeepSeek sends 2 big signals that shatter tech investor assumptions: Snowflake CEO A new way of thinking emerges in tech land in the wake of DeepSeek advancements. Google and ServiceNow announce new partnership focused on enterprise AI growth Google and ServiceNow are expanding their AI partnership. Nvidia falls 4% after report of potential additional curbs on China sales Nvidia shares hit their lows of the day on Wednesday after Bloomberg reported Trump administration officials are "exploring additional curbs" on the company's chip sales to China. ASML stock rises after earnings beat as CEO says DeepSeek will drive AI chip demand higher ASML stock rose 4.3% Wednesday after the Dutch semiconductor equipment company posted better than expected fourth quarter earnings and its CEO dismissed concerns over DeepSeek AI. Cautious Fed holds rates steady with Trump unknowns looming over outlook The Federal Reserve held interest rates steady Wednesday as policymakers weigh the direction of inflation and the potential effect of economic policies expected from the new Trump administration. Watch live: Fed Chair Jerome Powell answers questions after rate hold Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024. 'I prefer across the board': Trump's top tariff man favors broad duties for a range of issues — including AI Donald Trump's pick for Commerce secretary underlined that big and broad tariffs are top of mind both for him and the president during his confirmation hearing Wednesday. Nvidia stock crash saw retail investors dump more than $900 million into the name Retail investors poured money into Nvidia shares as the stock saw its largest single-day drop since March 2020. DeepSeek clouds AI picture just as Big Tech is set to report earnings Big Tech earnings kick off today as Wall Street continues to digest the fallout from DeepSeek. Why GM stock has gotten hit hard on earnings GM's stock got punished amid its latest earnings report. Here's why. Starbucks CEO calls reversal of open-door policy 'practical," will close stores if needed Starbucks CEO Brian Niccol said the company is putting a welcoming experience and safety first. Starbucks CEO says a turnaround is underway, with no timeline on the table Starbucks CEO Brian Niccol says he is just getting started saving the company. DJT stock pops after Trump Media announces expansion into financial services Trump Media & Technology Group will expand into financial services. The biggest Fed change investors will see coming: Morning Brief The January Fed meeting might be considered rather pro format, given no one expects a policy change. But there are some interesting and important questions under the surface that investors may get at least some answers to. The shadow of Trump looms over a cautious Fed The Federal Reserve will gather this week for its first meeting of 2025 under the looming shadow of a new US president who is already posing challenges to the central bank with his words and possible actions. Trump is turning the fate of TikTok into a public bidding war The new president is tossing out some of the biggest names in the tech world as possible buyers of TikTok’s US operations, most recently Microsoft. "I like bidding wars because you make your best deals." Trump's spending freeze circus won't affect your health coverage or student loans — probably After ordering federal agencies to freeze vast swaths of government spending, the White House partially walked back its move. By evening, a federal judge had blocked the funding halt. Starbucks beats low earnings expectations for its first quarter under new CEO As part of CEO Brian Niccol's Back to Starbucks plan, the company is making changes to get loyal customers back in the door. Why retirement portfolio strategies get more complicated over time On a new episode of Decoding Retirement, David Blanchett, the head of retirement research at PGIM DC Solutions, highlighted the importance of updating your portfolio strategy leading up to your retirement date and beyond. Stock market today: Nasdaq jumps to chip away at DeepSeek-fueled rout as Nvidia surges nearly 9% Investors also assessed a return to a tougher tone on tariffs from President Donald Trump, ahead of the start of a Federal Reserve meeting AI-exposed power stocks rebound after DeepSeek release casts 'uncertainty' over industry AI-exposed power stocks attempted a rebound Tuesday after getting crushed over worries of lower-than-expected energy demand. Nvidia stock begins recovery after DeepSeek AI frenzy prompted near $600 billion loss Nvidia stock surged as the AI chipmaker began to recover from a massive decline the prior day that shaved nearly $600 billion off its market cap.
