The federal minimum wage has not risen from $7.25 for 15 years. That run extends the longest such streak since the federal minimum wage was implemented in 1938. However, because of inflation and changes in the cost-of-living, the federal minimum wage is worth far less now than at any point since 1949. https://yhoo.it/4fmfbyk
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Updates
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Previously owned home sales fell for a fourth straight month in June, according to new data. Yahoo Finance anchors Alexandra Canal and Seana Smith break down the report, joined by Abbe Will, associate director of the remodeling futures program at Harvard Joint Center for Housing Studies. More: https://lnkd.in/gx6nfPm8 #yahoofinance #finance #housing #money #economics #realestate
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Yahoo Finance Executive Editor Brian Sozzi sat down with tastylive Founder & CEO Tom Sosnoff, who is viewed by many traders as the "Godfather of Trading." In addition to tastylive, Sosnoff also co-founded popular platforms Thinkorswim and tastytrade. During their conversation, Sosnoff broke down why the $VIX index is a 'weird animal.' More: https://lnkd.in/gjJBE5ff #yahoofinance #finance #investing #money #stocks #markets
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New home sales unexpectedly dropped last month as high mortgage rates continued to keep potential buyers on the sidelines. Sales of new single-family homes came in at a seasonally adjusted annual pace of 617,000 in June — a 7.4% drop from the same time last year. https://yhoo.it/3WgZmQV
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As anticipation builds around artificial intelligence ahead of Big Tech earnings, Meta Platforms finds itself in the spotlight. The company's Reality Labs division, which specializes in augmented reality (AR), virtual reality (VR), and metaverse technologies, has lost nearly $45 billion since its inception in 2020. Yahoo Finance senior reporter Yasmin Khorram offers an in-depth analysis of Meta's Reality Labs unit, recounting testimonials from former employees and executives on the division's financial performance and overall lack of direction and vision from leadership. Meta is currently scheduled to report earnings next Wednesday, July 31. More: https://lnkd.in/gQbxYnaV #yahoofinance #finance #tech #AI #business #money
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The US economy grew at a faster than expected pace in the second quarter. The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, well above the 2% growth expected by economists. https://yhoo.it/4dfLz3R
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Ford stock cratered Thursday after the automaker missed on second quarter profit on Wednesday and did not lift its full-year profit guidance like its Big Three rival GM. The company's stock took a hit, as did Stellantis and GM shares. https://yhoo.it/3LED7iT
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OpenAI debuted a new prototype search engine on Thursday. The feature, called SearchGPT, could pose a direct threat to Google's longstanding search dominance. https://yhoo.it/3Yk3UZf
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Vice President Kamala Harris held her first campaign event as a presidential candidate in Wisconsin on Tuesday. Yahoo Finance Senior Columnist Rick Newman recently discussed the state of the 2024 presidential race and Harris's record-breaking fundraising. "Individual voters are fired up to support Kamala Harris. That the fundraising number, I believe, is now around $126 million raised in small-dollar donations since she became the leading candidate for the Democrats and Biden stepped down," Newman explained. More: https://lnkd.in/gey7H8Q7 #yahoofinance #finance
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A streaming bundle comprising Disney+, Hulu and Max services will be available in the United States from Thursday for a monthly price of $16.99 with ads, and $29.99 without ads, parent companies Walt Disney and Warner Bros Discovery said. https://yhoo.it/4d0CxYP
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