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Check your mailboxes because Supplemental Security Income (SSI) payments are heading to homes early due to a bit of a calendar quirk. The Social Security Administration (SSA) will issue August checks on July 31, instead of the first of the new month.
The early payment is typical,
By STAN CHOE, AP Business Writer
NEW YORK (AP) — A monster day for Microsoft’s stock following signals that its big spending on AI is translating into profits led a powerful rebound on Wall Street Thursday, while computer-chip companies regained some of their sharp recent losses.
While Americans have continued spending and kept the economy afloat despite sinking sentiment, budgets are facing mounting strains after a five-year run of elevated inflation and a recent slowdown in real wages is increasing the risk of a spending slowdown.
» Read more about: Resilient US economy is facing mounting risks from Iran and inflation »
Calls for another interest rate increase are growing within the Federal Reserve as officials weigh renewed inflation risks from the Middle East conflict after more than five consecutive years of above-target inflation. The mounting uncertainty has exposed a growing divide within the central bank, with more officials arguing the Fed could need to resume raising […]
» Read more about: Pressure builds inside the Federal Reserve for another rate increase »
Goldman Sachs Asset Management has introduced an artificial intelligence investing platform called AlphaAI, reflecting its view that AI will play a key role in generating returns in both public and private markets.
Lou D’Ambrosio has been appointed to lead AlphaAI as chairman of Artificial Intelligence for Asset Management,
» Read more about: Goldman Sachs launches AI investing platform – report »
July 31 (Reuters) – Cboe Global Markets reported a surge in second-quarter profit on Friday, benefiting from strong options trading volumes at a time of elevated market volatility. Periods of market …
» Read more about: CBOE profit jumps as elevated volatility spurs options trading boom »
Amazon.com, Inc.(NASDAQ:AMZN) shares surged over 12% in Friday’s pre-market trading after the e-commerce and cloud-computing giant reported stronger-than-expected second-quarter results.
Amazon reported second-quarter revenue of $200.61 billion, exceeding Wall Street’s consensus estimate of $196.46 billion.
By Lewis Krauskopf
NEW YORK, July 31 (Reuters) – U.S. employment data and a batch of corporate results this coming week will keep equity investors on edge over the direction of the stock market, which has been buffeted by geopolitical tensions, uncertain interest-rate policy and sizable moves in heavyweight technology shares.
» Read more about: Teetering US stock market faces jobs report, big earnings week »
(Bloomberg) — Small-time investor Riza Gundogdu thought he had found the next Tesla Inc. early last year when he invested in shares of Kontrolmatik Enerji ve Muhendislik AS.
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Newspapers had dubbed the company’s co-founder and chairman, Sami Aslanhan, as “Turkey’s Elon Musk,”
» Read more about: Stock Hyped as Turkey’s Tesla Sinks 90%, Burning Retail Traders »
Energy stocks have come into focus during the past year amid the rapid expansion of artificial intelligence infrastructure. Modern-day data centers require vast amounts of reliable energy, forcing technology giants to look beyond the grid and toward next-generation power technologies.
This surge in energy demand has put energy stocks on the map,
» Read more about: The Energy IPO Boom Is Just Getting Started. Here Are the Companies to Watch. »