Yahoo Finance
Yahoo Finance aims to help investors of all kinds build and maintain their wealth. Yahoo Finance videos on YouTube dissect markets, data, trends, and real-life financial issues for individual investors, industry leaders, and households through insightful interviews and detailed supercuts across various themes.
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Yahoo Finance
The Supreme Court said it would quickly review a high-stakes legal challenge to President Trump's tariffs, setting up a resolution as early as this fall.
The high court put the case on track for oral arguments in early November.
That puts the case on an unusually quick track to resolution, especially given its significant political and economic reverberations.
US Treasury Secretary Scott Bessent has warned in recent days that the US would have to refund around "half" the tariff revenue it has collected if the Supreme Court rules the president overstepped his authority, which has been the determination of a federal appeals court and the Court of International Trade.
finance.yahoo.com/news/live/trump-tariffs-live-upd…
19 hours ago | [YT] | 205
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Yahoo Finance
The US Treasury Department would have to give rebates if the Supreme Court decides that President Trump's "reciprocal" tariffs went beyond his authority, Secretary Scott Bessent said.
"We would have to give a refund on about half the tariffs, which would be terrible for the Treasury," Bessent said.
Amid legal questions hanging over tariffs, Trump has asked the Supreme Court for an immediate hearing in hopes of overturning an appeals court ruling that deemed most of his tariffs illegal.
According to filings, his administration called for the high court to schedule the case highly expeditiously, with arguments starting in early November.
finance.yahoo.com/news/live/trump-tariffs-live-upd…
1 day ago | [YT] | 328
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Yahoo Finance
The US labor market continued its dramatic summer slowdown in August.
The August jobs report released Friday by the the Bureau of Labor Statistics (BLS) showed there were just 22,000 new jobs added to the economy last month, far fewer than forecast and the latest sign that the US labor market has cooled in recent months.
The unemployment rate rose to 4.3% last month.
Economists had expected the report to show 75,000 jobs were created in August with the unemployment rate forecast to rise to 4.3%, according to data from Bloomberg.
In July, the economy created 73,000 new jobs. Those figures were revised on Friday to show there were 79,000 jobs created during the month. Revisions to June's data, however, were more negative, with those numbers now showing there were 13,000 jobs lost during the month.
finance.yahoo.com/news/us-economy-adds-22000-jobs-…
5 days ago | [YT] | 527
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Alphabet's Google must share data with rivals to open up competition in online search, a judge in Washington ruled, while rejecting prosecutors' bid to make the internet giant sell off its popular Chrome browser and Android operating system.
Google CEO Sundar Pichai expressed concerns at trial in the case in April that the data-sharing measures sought by the US Department of Justice could enable Google's rivals to reverse-engineer its technology.
Google has said previously that it plans to file an appeal, which means it could take years before the company is required to act on the ruling.
US District Judge Amit Mehta also barred Google from entering into exclusive agreements that would prohibit device makers from preinstalling rival products on new devices.
finance.yahoo.com/news/us-judge-orders-google-shar…
1 week ago | [YT] | 554
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Nvidia reported its second quarter earnings, beating on the top and bottom lines. Data center revenue came in just shy of analyst expectations.
The company also approved an additional $60 billion in stock buybacks.
Nvidia also projected Q3 revenue of $54 billion plus or minus 2%. Expectations were for $53.4 billion.
The company said its projections didn't include H20 sales.
Nvidia shares were up 35% year to date and over 40% over the past 12 months.
finance.yahoo.com/news/nvidia-beats-on-q2-top-and-…
1 week ago | [YT] | 1,321
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President Trump said he removed Federal Reserve Governor Lisa Cook from her post, following through on a threat to oust her if she refused to resign. The decision comes after members of his administration alleged Cook engaged in mortgage fraud related to the purchase of two properties earlier this decade.
"You are hereby removed from your position on the Board of Governors of the Federal Reserve, effective immediately," the president wrote in a letter addressed to Cook and shared on social media. "I have determined there is sufficient cause to remove you from your position."
Trump said Cook made conflicting declarations about her primary residence, first claiming a Michigan property would serve as her main home, then signing a separate agreement two weeks later stating the same about a Georgia property. He argued it was “inconceivable” she was unaware of the initial pledge and “impossible” she intended to honor both.
“In light of your deceitful and potentially criminal conduct in a financial matter, they cannot and I do not have such confidence in your integrity,” Trump wrote. “At a minimum, the conduct at issue exhibits the sort of gross negligence in financial transactions that calls into question your competence and trustworthiness as a financial regulator.”
finance.yahoo.com/news/trump-moves-to-oust-feds-li…
2 weeks ago (edited) | [YT] | 336
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US soft drinks giant Keurig Dr Pepper is set to create a global coffee giant to rival market leader Nestle with an $18 billion takeover of JDE Peet's, Europe's largest acquisition in more than two years.
The deal proposes splitting the merged entity’s coffee operations and other beverage businesses into two separate publicly US-listed companies, as the Dutch company would be delisted from the Amsterdam stock exchange.
The transaction, which comes as the global trade war intensifies corporate action in the consumer goods sector, aims to create $400 million in annual cost savings, allowing the new entities to better fare against rising US tariffs against coffee-producing nations and other trade rivals.
"The new Coffee entity will be somewhat similar in size to the coffee business of Nestlé... The two would each have a market share of around 20% in the global CPG (coffee and tea consumer packaged goods) coffee market" ING analysts Maxime Stranart said.
finance.yahoo.com/news/keurig-dr-pepper-nears-18-2…
2 weeks ago | [YT] | 244
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The US and the EU established a written framework for the trade deal agreed to on July 27.
The terms include a 15% US tariff on most EU imports: These include autos, pharmaceutical goods, semiconductors, and lumber — but not wine and spirits.
The two sides also outlined the EU's promise to remove tariffs on US industrial goods and give better access to US seafood and agricultural products.
"The United States and the European Union, in line with their relevant internal procedures, will promptly document the Agreement on Reciprocal, Fair, and Balanced Trade to implement this Framework Agreement," the statement concluded.
finance.yahoo.com/news/live/trump-tariffs-live-upd…
2 weeks ago | [YT] | 365
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Target is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history.
The discounter announced that longtime CEO Brian Cornell's heavily groomed No. 2, Michael Fiddelke, will take over as CEO on Feb. 1, 2026.
Cornell, who has been CEO of Target since August 2014, will slide into the executive chair position for an undetermined period of time.
Fiddelke joined Target in 2003 as an intern and rose through the ranks to CFO and then COO.
finance.yahoo.com/news/target-names-insider-michae…
3 weeks ago | [YT] | 366
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Warren Buffett's Berkshire Hathaway has acquired 5 million shares in UnitedHealth Group.
Buffett owned about 1.18 million shares in UnitedHealth between 2006 and 2009, before selling his entire stake in 2010 amid a broader retreat from health insurers.
The investment comes as UnitedHealth faces soaring medical costs, federal investigations, the fallout of the killing of a top executive, and a cyberattack last year.
The healthcare conglomerate has signaled prolonged pain with a new, far lower profit forecast as it sees billions of additional costs in the upcoming quarters.
finance.yahoo.com/news/berkshire-hathaway-acquires…
3 weeks ago | [YT] | 774
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