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The Latest Breaking News on Business

China's exports jump 19.4% in May from a year earlier, boosted by demand for autos and tech goods

China has reported its exports picked up pace in May, rising 19.4% from a year earlier

AAP

Xbox lost 'millions' of Game Pass subscribers after last year's massive price hike

This would explain why Asha Sharma moved so quickly to lower them.

PC Gamer

Meta funds skilled trades jobs program for AI data center buildout

The cost-free program, America's Workforce Academy, will end in guaranteed job offers to graduates, the company said in a statement. A Meta spokesperson said the program will provide generalist ‌training for ⁠data center ⁠technicians. Jobs on offer will be full-time roles with general contractors working on Meta's data center buildout.

The Economic Times

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Dollar hovers around two-month high as Iran-Israel truce hangs in balance

The US dollar is strong, nearing a two-month peak. Middle East tensions are fueling demand for the dollar. Traders are also betting on the US Federal Reserve increasing interest rates later this year. Upcoming US inflation data will be crucial for the Fed's decisions. This situation could boost the dollar…

The Economic Times

Dollar Slips as Middle East Tensions Ease Slightly

The dollar index (DXY00 ) fell from a 2-month high on Monday, finishing down 0.06%. The dollar gave up overnight gains and finished slightly lower on Monday after stocks pushed higher, which curbed liquidity demand for the dollar. Also, crude prices fell from early highs on Monday and dragged the...

Barchart

U.S. Steel pledges up to $2.5 billion in upgrades to Mon Valley Works

U.S. Steel plans to invest up to $2.5 billion into upgrades to its Mon Valley Works, which it forecasts will generate $1.7 billion for the state, according to a Monday report from the steelmaking giant

The Independent UK

Why You Should Think Twice Before Letting a Contractor Inside

When something breaks in your home, it’s natural to want it fixed quickly. Whether it’s a leaking roof, faulty wiring, damaged siding, or a broken...

Saving Advice

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US stocks: S&P 500, Nasdaq end up as tech, chipmakers rebound

U.S. stocks largely rose Monday, with the Nasdaq and chipmakers leading the gains as investors sought bargains after Friday's selloff. Relief over Iran and Israel halting attacks also boosted sentiment. Despite Apple's AI upgrades, its shares eased, while Intel surged on a reported Google order.

The Economic Times

Kimberly-Clark Stock: Is KMB Underperforming the Consumer Staples Sector?

Kimberly-Clark has underperformed the Consumer Staples sector over the past year, but analysts are moderately optimistic about the stock’s prospects.

Barchart

US carriers spent $6.5B on fuel in April; global profit forecast is cut nearly in half

New government data released Monday shows U.S. airlines spent nearly $6.5 billion on jet fuel in April

The Independent UK

Palo Alto Networks Delivers Strong FCF Margins - Is PANW Worth $350?

Palo Alto Networks delivered strong free cash flow (FCF) growth (+57%), and its FCF margin rose to 37.5% of sales. Management expects to see 40% in FY 28. That could push PANW stock 29% higher to $350 p/sh.

Barchart

How Is Lennar's Stock Performance Compared to Other Consumer Cyclical Stocks?

As Lennar has lagged behind its peers over the past year, Wall Street analysts maintain a bearish outlook on the stock’s prospects.

Barchart

Overpayment Notices Are Going Out to Retirees Who Did Nothing Wrong — Here’s Why

A growing number of retirees have opened their mail recently and found something alarming waiting inside: an overpayment notice from the Social Security Administration. These letters often demand repayment of thousands of dollars, even when retirees believe they followed every rule correctly. Confusion spreads quickly because the notices arrive without…

The Free Financial Advisor

PepsiCo is now delivering Doritos and soft drinks to stores using driverless trucks

The International Brotherhood of Teamsters is actively lobbying against the rollout, as PepsiCo acknowledges the technology will ultimately limit future workforce growth

The Independent UK

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Everybody Loves Your Money

Older Homeowners Lose 44% of Real Estate Fraud Dollars — Here’s Why

Real estate ranks among the most valuable assets many people will ever own, which makes it an attractive target for criminals. While fraud can affect homeowners of any age, recent data shows that older homeowners lose a disproportionate share of money to real estate scams. In fact, homeowners over age…

The Free Financial Advisor

Unclaimed Refunds Expire After 3 Years — Billions Go Unrecovered Every Summer

Unclaimed refunds sound harmless at first, but they quietly drain billions of dollars from taxpayers every year. Governments across North America place strict time limits on claiming tax refunds, and most people never realize the clock even starts ticking. Once that deadline passes, the money does not wait around and…

International Business Times

Pessimism Among Job Seekers Hits Highest Level Of The Year: Survey

Americans' view of the labor market hit its most pessimistic tone of the year, according to a new survey.

Fortune

Walmart CEO John Furner says even wealthy shoppers are now shopping at the discount grocery chain as high prices stretch six-figure earners

Walmart CEO John Furner says wealthy customers are shopping at the budget grocery chain as high prices stretch family finances to a breaking point.

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news in one place.

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Everybody Loves Your Money

Why Mortgage-Free Homeowners Are the Biggest Fraud Targets

Owning a home outright sounds like the ultimate financial victory. No monthly mortgage payment, no lender oversight, and complete ownership of one of life’s biggest assets. Many homeowners spend decades working toward that goal, imagining the peace of mind that comes with receiving that final mortgage statement marked “paid in…

AAP

Wall Street closes mixed as tech, chipmakers rebound

US stocks have closed mostly higher as investors cheered signs of easing tensions in the Middle East.

International Business Times

China's Reduced Oil Imports Have Helped Keep Prices In Check, But That Won't Last Much Longer: Analysts

China's reduced oil imports have helped keep prices in check, but that won't last much longer, according to analysts cited in a new report.

Axios

China fueling U.S. data center resistance, AI groups claim

Data center critics counter that the industry is using China as a bogeyman.

The Guardian - US

Credit cards aren’t evil – if you know how to use them the right way

Using a credit card is no different than having a drink or two at dinner or a Big Mac once in a while. It’s fine, just don’t overdo it

Axios

Fed officials warn AI's economic costs may arrive faster than benefits

Some Fed officials see clearer evidence of AI-related investment boosting demand for labor, equipment and infrastructure than they do of widespread productivity gains.

Fortune

High-earning millennials and Gen Zers feel broke and conflicted: 'I make a good salary, I shouldn't be struggling this much'

Just 16% of U.S. adults say they feel financially fulfilled, and experts say the anxiety gripping everyone else often has little to do with what's actually in their bank accounts.

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