The Biden administration announced a series of new affordable housing initiatives. The plan includes a $100 million fund and expanded Federal Financing Bank support in an attempt to combat the toll high mortgage rates are taking on the housing market. US Treasury Secretary Janet Yellen will sit down with Yahoo Finance for an exclusive interview at 4:45 pm ET to discuss the administration's efforts.On Wall Street, the major indexes (^DJI, ^IXIC, ^GSPC) are mixed, with Nvidia (NVDA) trading nearly 5% lower. Yahoo Finance's trending tickers feature Alnylam Pharmaceuticals (ALNY), Affirm Holdings (AFRM), and AT&T (T). Top guests today include:3:05 p.m. ET - Art Hogan, B. Riley Wealth Chief Market Strategist3:45 p.m. ET - Rishi Jaluria, RBC Capital Markets Software Equity Analyst4:20 p.m. ET - Rene Haas, Arm CEO5:00 p.m. ET -Joe Brusuelas, RSM Chief Economist
The Biden administration announced a series of new affordable housing initiatives. The plan includes a $100 million fund and expanded Federal Financing Bank support in an attempt to combat the toll high mortgage rates are taking on the housing market. US Treasury Secretary Janet Yellen will sit down with Yahoo Finance for an exclusive interview at 4:45 pm ET to discuss the administration's efforts. On Wall Street, the major indexes (^DJI, ^IXIC, ^GSPC) are mixed, with Nvidia (NVDA) trading nearly 5% lower. Yahoo Finance's trending tickers feature Alnylam Pharmaceuticals (ALNY), Affirm Holdings (AFRM), and AT&T (T).
Top guests today include: 3:05 p.m. ET - Art Hogan, B. Riley Wealth Chief Market Strategist 3:45 p.m. ET - Rishi Jaluria, RBC Capital Markets Software Equity Analyst 4:20 p.m. ET - Rene Haas, Arm CEO 5:00 p.m. ET -Joe Brusuelas, RSM Chief Economist
Tech stocks have been driving the market higher this year as investors continue to buy up shares of companies with exposure to artificial intelligence. As of the close on Friday, the tech-heavy Nasdaq Composite has risen 18% this year and 31% over the last 12 months. Meanwhile, large chip companies like Nvidia, Broadcom and Super Micro Computer have jumped 156%, 48% and 218%, respectively, this year.
It is shaping up to be the busiest summer season ever in the U.S., and about as strong as 2019’s in Europe. Yet both low-cost and full-service carriers are recording far narrower profit margins than they did five years ago.
(Reuters) -A U.S. appeals court on Monday tossed out a proposed class action claiming Uber Technologies' policy of terminating drivers with low passenger ratings is racially discriminatory. The San Francisco-based 9th U.S. Circuit Court of Appeals said Thomas Liu, a driver who filed the 2020 lawsuit, had not provided any evidence showing that Uber kicked non-white drivers off its app at a higher rate than white drivers with low ratings. Liu's lawyers had argued that statistical evidence backing up their claims would only be available if the case were allowed to proceed to discovery, when plaintiffs can seek documents and testimony from defendants.
WASHINGTON (Reuters) -AT&T CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that subsidizes access to telecom and broadband services. Under current law, fees are levied on cell phone and landline service subscribers to support the Universal Service Fund, which spends about $8 billion a year - nearly all collected from surcharges on telephone bills. "The seven largest and most profitable companies in the world built their franchises on the internet and the infrastructure we provide," Stankey said in remarks at a telecom industry forum in Utah.
About 2,000 truck drivers, warehouse and dock workers, and office personnel of Humble, Texas-based U.S. Logistics Solutions say they were notified Thursday that the company was ceasing operations and they would not be paid Friday. The post Texas logistics company with 500 truck drivers abruptly ceases operations appeared first on FreightWaves.
