Stacy Hoffman

Treasury Secretary Janet Yellen will visit Stafford County, Virginia to highlight the significance of investing in rural areas, following the implementation of broadband infrastructure funded by President Joe Biden’s American Rescue Plan and the Coronavirus Capital Projects Fund. Yellen will attend a Comcast high-speed internet installation site where almost 700 households have gained access…

Based on the latest information, US stocks are rising ahead of key economic data scheduled for release this week, with investors closely watching the Consumer Price Index (CPI) update for April. While recent hot inflation data has made markets more cautious, many believe that the report will indicate a faster descent and pave the…

According to economist and former dean of Columbia Business School Glenn Hubbard, the United States is failing to address the disruptions that will result from the rapid advancement of artificial intelligence (AI), which could stifle economic growth for years to come. While most business leaders, analysts, and economists agree that AI will play a…

Booking Holdings, the parent company of popular travel booking websites like Booking.com and Kayak.com, has been classified as an online gatekeeper by the European Commission due to the dominance of its hotel reservation site within the European Union. This classification comes as part of the Digital Markets Act, a set of rules designed to…

As Walmart prepares to release its first-quarter earnings, analysts predict a nearly 6% increase in net income for the period ending April 30. This follows a surge in online sales driven by demand for cheaper products, particularly in categories such as personal care, clothing, and electronics where Walmart faces intense competition from Amazon and…

The expansion of stablecoins, which played a significant role during the crypto bull market earlier this year, has come to a halt following the implementation of the mining reward halving on the Bitcoin blockchain in late April. The combined market value of the top three stablecoins, including Tether (USDT), USD Coin (USDC), and Dai…

Based on the recent moves of billionaire investor Ken Griffin, it can be concluded that Amazon represents a unique AI bet due to its use of AI to improve operations, resulting in lower costs and better customer service, as well as the sale of AI products and services through Amazon Web Services (AWS). Analyst…

Investors in the eurozone were hesitant in their positions as they awaited important economic data from the United States, particularly the upcoming releases of the producer price index (PPI) on Tuesday and the consumer price index (CPI) and retail sales statistics on Wednesday. Meanwhile, Germany’s benchmark 10-year government bond yield decreased by one basis…

A Democratic super PAC, American Bridge 21st Century, is rolling out a new $140 million ad campaign targeted at rural voters who have traditionally been staunch supporters of former President Donald Trump. The campaign will focus on swing voters in smaller media markets in Pennsylvania, Michigan, and Wisconsin, where it hopes to reach women…

The article discusses various financial news updates from reputable sources. Some notable highlights include: – Emirates Group, which includes travel company dnata and food, beverage, and leisure holdings, reported profits of $5.1 billion on revenues of $37.4 billion. The group declared a dividend of $1 billion to its owner, the Investment Corporation of Dubai.…