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US May Use Venezuelan Oil for Emergency Reserves
The U.S. Department of Energy is exploring a plan to exchange heavy Venezuelan oil for U.S. medium, sour crude to fill up the Strategic Petroleum Reserve, two sources said Friday.
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OpenAI to Begin Testing Ads on ChatGPT in the US
OpenAI will begin testing advertisements inside its popular ChatGPT chatbot in the coming weeks, marking a major shift for the artificial intelligence company as it looks to expand revenue, CNBC reports.
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2026 Earnings Outlook: Another Year of Optimism
The Wall Street consensus forecast for 2026 earnings growth is strong by historical standards. Analysts are giddy and projecting another year of double-digit growth in S&P 500 earnings per share (EPS).
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5 Key Points Investors Want Trump to Make at Davos
As Donald Trump is set to attend the World Economic Forum's annual meeting in Davos, Switzerland, on Jan. 19-23, where he will lead the largest-ever U.S. delegation to the event, there are five things that, I believe, investors want to hear from the president.
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Gold Soared 70% in 2025 & Keeps Hitting New Records
Gold prices have delivered one of the most dramatic runs in years , and investors are taking notice, the Financial Times reports.
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To Survive, Saks Must Court the Less Well-Heeled
Saks Global, the iconic and now-bankrupt luxury retailer, may have to broaden its consumer base if it wants to survive in the increasingly fickle luxury retail world.
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Goldman Sachs, Morgan Stanley See Double-Digit Profit Increases
A surging stock market and a flurry of deal making padded the profits of Wall Street's two big investment banks, which both saw a double-digit jump in profits in the fourth quarter.
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TSMC to Expand Investment as Profit Jumps 35%
Taiwan-based TSMC, the world's largest computer chipmaker, plans to increase its capital spending by as much as nearly 40% this year after it reported a 35% jump in its net profit for the latest quarter thanks to the boom in artificial intelligence, the company said...
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Banking Giants Reap Bigger Profits on More Loans
U.S. banking giants boosted their profits in the fourth quarter, buoyed by increasing demand from borrowers that could bode well for lenders' future earnings.
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Mortgage Refis Jump 40% After Trump's $200B Move
Mortgage refinancing demand surged 40% in a single week after President Trump ordered a sweeping $200 billion purchase of mortgage bonds , a move that briefly pushed mortgage rates below 6% for the first time in years and sent homeowners scrambling to lock in lower...
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JPMorgan Profits Rise 9% in Q4 Excluding Apple Hit
JPMorgan Chase said Tuesday that its fourth-quarter profits rose 9% on an adjusted basis, as the bank continues to benefit broadly from a strong economy in both its consumer and investment banking divisions.
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Wells Fargo Profit Climbs on Interest Income Boost
Wells Fargo's profit rose in the fourth quarter as it earned more from interest payments.
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Bank of America Profit Climbs as Trading Surges
Bank of America's profit rose, as its traders brought in more revenue from spurred client activity in the fourth quarter due to increased volatility in the markets.
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Florida's Retirement Boom Is Now for the Rich
For decades, Florida was a place where retirement was within reach for almost anyone willing to trade snow for sunshine. That bargain is now breaking down.
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Gold Blasts Past $4,609 on Fed Rate-Cut Bets
Gold hit a record high Tuesday, as U.S. inflation data cemented bets on Federal Reserve rate cuts this year and persistent geopolitical and economic uncertainties drove safe-haven demand, while silver also hit a fresh peak.
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Bessent to Trump: Powell Probe Could Rattle Markets
Treasury Secretary Scott Bessent warned President Trump that the federal investigation into Federal Reserve Chair Jerome Powell has already "made a mess" and risks unsettling financial markets, Axios reports.
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Apple Turns to Gemini AI to Power Siri, AI Products
Apple is turning to Google's Gemini artificial intelligence models to power the next generation of Siri and other AI-driven features across its products, marking a major shift for the iPhone maker as it ramps up its long-awaited push into generative AI, CNBC reports.
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Paramount Sues Warner Over Netflix Bid
Paramount is escalating its high-stakes bid for Warner Bros. Discovery, taking the fight from the boardroom to the courtroom as millions of Americans watch closely-many of them subscribers to both Netflix and Warner-owned platforms, The Hollywood Reporter reports.
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Financials Fall on Trump's Credit Card Rate Cap Plan
U.S. financial stocks fell Monday and weighed on global indexes as President Donald Trump's call for a one-year cap on credit card interest rates threatened a key revenue stream for the industry.
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JPMorgan Forecasts 2027 Quarter-Point Fed Hike
J.P. Morgan predicts the U.S. Federal Reserve's next move will be a rate hike in 2027, while Barclays and Goldman Sachs joined Morgan Stanley in postponing rate cut calls to mid-2026 as data suggested that the labor market was not rapidly deteriorating.
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US Fed Chief Warns of 'Intimidation' After Criminal Subpoenas
US prosecutors have opened an inquiry threatening a "criminal indictment" against the Federal Reserve, its chairman Jerome Powell revealed, denouncing new "threats and ongoing pressure" from the administration of President Donald Trump.
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Gold Hits Record $4,600 as Trump-Powell Clash Shakes Investors
Gold hit a record high of $4,600 Monday, while silver also set a new peak, as a criminal probe by the Trump administration into Federal Reserve Chair Jerome Powell sent investors back into the asset viewed as a safe haven.
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Trump Promises 'Total Safety' for US Oil Firms in Venezuela
President Donald Trump Friday called on oil executives to rush back into Venezuela as the White House looks to quickly secure $100 billion in investments to revive the country's ability to fully tap into its expansive reserves of petroleum.Since the U.S. military raid to...
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Nothing to See Here - The Stock Market Bubble Scam
A Stock Market Bubble Only Exists if the S&P 500 Hits 10,000 This Year.
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3 High-Yield Stocks for Safe Income
The average dividend yield in the S&P 500 Index remains low at 1.1%. As a result, income investors largely have to settle for less dividend income when buying stocks.