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EXPLAINED: 31 - The Real Truth

Uber and drone startup partner to hit 1 million deliveries a day in next 3 years

Drones will deliver Uber Eats orders to doorsteps within a couple of minutes

The Independent UK

Gold appears set for a rebound as it regains safe-haven appeal after US-Iran war selloff

Gold has recovered nine percent, signaling renewed investor and central bank interest. The precious metal is now positioned for further gains after market shocks. Lower oil prices and softer inflation data support gold's upward trajectory. Institutional demand and rebuilding of positions are likely driving this trend. However, stalled peace efforts…

The Economic Times

Nvidia to provide up to $105 billion guarantee for OpenAI's Ohio data centre

The new deal is the latest example of Nvidia financing the infrastructure built around its chips, a strategy that helps drive demand but has also raised questions about circular funding flows between the ‌chip giant and its ⁠customers. Huang said the new deal was not circular financing and that Nvidia…

The Economic Times

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What Are Wall Street Analysts' Target Price for Lennar Stock?

As Lennar has lagged behind the broader market over the past year, Wall Street analysts maintain a bearish outlook about the stock’s prospects.

Barchart

Targa Resources Stock Outlook: Is Wall Street Bullish or Bearish?

Targa Resources has outperformed the broader market over the past year, and analysts remain highly optimistic about the stock’s prospects.

Barchart

Consumer Spending Declined In July. Goldman Sachs Expects It To Fall Further.

Goldman Sachs' Jan Hatzius said he and his team "expect sluggish consumer spending growth ahead."

International Business Times

Nvidia Could Pour $3 Billion Into SoftBank's SB Energy. The Bigger OpenAI Deal Could Reach $100 Billion.

The discussions could further deepen the financial ties between some of the biggest beneficiaries of the AI boom.

International Business Times

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Are Walmart And Ionna Starting An EV Fast Charging Price War? It Sure Looks Like It

How do you disrupt established networks like Tesla and Electrify America? Ionna and Walmart seem to think the answer is beating them on price.

InsideEVs

7 Bills Retirees Should Never Put on Autopilot — Even If They Use Autopay

Autopay can be one of the easiest ways to avoid late fees, but convenience can also make expenses nearly invisible. That matters in retirement, when...

Saving Advice

Capital One Stock: Is Wall Street Bullish or Bearish?

Capital One has underperformed the broader market, while analysts remain strongly optimistic about its future prospects.

Barchart

Marsh & McLennan Stock: Is Wall Street Bullish or Bearish?

While Marsh & McLennan has lagged the broader market over the past 52 weeks, Wall Street remains cautiously optimistic about its outlook.

Barchart

Albertsons says AI is to thank for shoppers spending more

The news is a bright spot in an otherwise mediocre year for Albertsons

The Independent UK

How to Check Appliance Recalls Before Labor Day Sales

Labor Day sales can make a new refrigerator, range, dishwasher, washer, or dryer look like an irresistible bargain. Before that shiny appliance gets wheeled into the kitchen, however, take a few minutes to check whether the exact model appears in a current recall database. A fantastic price loses some of…

Everybody Loves Your Money

Your Net Worth Hit $1 Million — But Are You Actually a Millionaire in the Way You Think?

A $1 million net worth can make the word “millionaire” feel perfectly appropriate, but the label gets a little slippery once the calculator comes out. Net worth measures what remains after subtracting everything you owe from everything you own, so a person can reach $1 million without having anything close…

The Free Financial Advisor

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Everybody Loves Your Money

California AG Bonta Slams Court Approval of $14 Billion HPE-Juniper Merger Settlement

California Attorney General Rob Bonta issued a statement expressing disappointment after a federal court approved the U.S. Department of Justice’s settlement of the $14 billion merger between Hewlett Packard Enterprise (HPE) and Juniper Networks, according to an official announcement from the California Office of the Attorney General.

Everybody Loves Your Money

7 Closing-Cost Surprises Buyers May Want to Budget for Before Fall House Hunting

Fall house hunting can feel like a treasure hunt, except the treasure comes with paperwork, inspections, insurance, taxes and a mortgage. The asking price gets all the attention, but the amount needed to actually reach the closing table can include several expenses that sneak up on buyers who focus only…

International Business Times

The S&P 500 Keeps Hitting Records. Bank of America Warns of Two Risks That Could End the Rally.

The index crossed 7,800 for the first time last week.

Caixin Global

Tech Brief (Aug. 17): Alibaba Open-Sources Qwen AI Models

U.S. tells Apple not to buy Chinese memory chips, embodied AI startup Light Origins raises new funds

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Fortune

Meet the self-made billionaire who bought a nearly bankrupt company off Warren Buffett for $1,000 and turned it into a $85 billion giant

Jeffrey Sprecher, the founder and CEO of Intercontinental Exchange, bought the near-bankrupt company from Warren Buffett. He’s now worth $1.2 billion.

Benzinga

US Treasury Yields Hit Multi-Decade Highs as Debt Nears $40 Trillion, Charlie Bilello Says Government Spending ‘Like Drunken Sailors’

U.S. Treasury borrowing costs climbed to multi-year highs last week, with the 30-year bond yield at auction reaching its highest level since 2001 as investors digested a record July budget deficit and a national debt nearing $40 trillion.

Motor1

Dealer Says Polestar Engineered US Sales Ban In $25-Million Lawsuit

Prestige Imports alleges Polestar used the Connected Vehicle Rule to shed franchise obligations while a federal ban reshapes its American sales footprint.

The Economic Times

Alibaba to sell Lingxi Games in more than $2 billion deal, source says

Alibaba and Trustar have reached a formal agreement after several rounds of talks, according to an internal memo sent to Lingxi staff on Monday by the game developer's CEO Zhou Bingshu and reviewed by Reuters.

The Economic Times

Stripe clinches over $7 billion deal to buy AI firm OpenRouter

The deal, just months after OpenRouter raised money at a reported $1.3 billion valuation, underscores the demand from businesses to find the most cost-friendly AI solutions. It could also give Stripe, a payments processing firm, a stronger footing in the fast-growing artificial intelligence sector.

The Economic Times

Global Market Today: Asian shares mixed, dollar dips as Fed hike bets ease

The dollar experienced a decline following disappointing US economic indicators, leading to less anticipation for interest rate hikes. Treasury yields dropped universally as retail sales saw a significant downturn. Meanwhile, oil prices reversed their upward trend as traders sought new market signals. In Asia, stock markets showed little variation amid…

Barchart

Netflix Stock Is Cheap and It Has More Than 70% Upside Potential Here

Netflix currently trades at 20.8x forward earnings, below the premium multiples it has historically commanded.

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