The Daily News Now! Business

Darlene Patterson at Citi Wealth is sounding the alarm: U.S. ultra-high-net-worth clients are quietly shifting assets overseas—not fleeing the country, but strategically diversifying across global hubs like Hong Kong, Singapore, and Switzerland. With trillions projected to move between 2025-2029, the trend reflects a calculated push for lifestyle upgrades, investment resilience, and hedge against...

The S&P 500 is on fire, poised for an 18% surge next year after a strong rebound, fueled by record-breaking earnings growth and a surprisingly low P/E ratio. Tech stocks are dominating, with the Nasdaq-100 Tech up 38% this year and earnings expected to explode 63%—making Micron and AMD top AI-driven plays. Micron’s memory chips are in such demand that customers are locking in five-year deals worth...

Iran refuses to negotiate with the U.S. unless Washington fixes transit issues in the Strait of Hormuz and restores normal oil exports—demanding concrete actions before talks even begin. The U.S. is escalating pressure, revoking waivers on Iranian oil sales and demanding Iran publicly guarantee safe shipping lanes, warning of consequences if they don’t comply. Tensions flare as both sides accuse e...

Boost your income in the second half of 2026 with these high-yield dividend plays: Novo Nordisk at 3.5%, Realty Income at 5%, and Enterprise Products Partners at 5.9%. Novo Nordisk bets on volume growth despite price drops with its new pill version; Realty Income offers stability through 31 years of dividend hikes with 15,000+ net-lease properties; Enterprise Products Partners delivers secure cash...

Duolingo is betting big on AI to revolutionize language learning, turning casual users into engaged speakers and expanding access to premium tools—even for free users. With daily active users poised to hit 100 million by 2028, the company’s long-term growth strategy prioritizes user base expansion over short-term profits, potentially doubling revenue if conversion rates hold. Analysts see the stoc...

AT&T’s stock is near a yearly low but offers a juicy over-five-percent dividend yield—despite fears that SpaceX’s Starlink could disrupt its wireless and broadband future. While satellite-to-phone tech may eventually challenge AT&T’s business model, the threat is still years away. Meanwhile, AT&T’s core fiber internet business hit a record first-quarter customer gain, and the company still expects...

Costco’s membership magic drives over $5 billion in annual fees, fueled by near-92% renewal rates and a global footprint of 900+ warehouses. Their recurring revenue lets them keep prices low, locking in loyal shoppers while expanding internationally and boosting online sales by 20%—all while trading at a premium that demands strong performance. With a proven model and cash flow resilience, Costco’...

Big banks are poised to crush it with their Q2 earnings—JPMorgan, Bank of America, and Wells Fargo could be posting their best results in years, fueled by AI windfalls, solid consumer spending, and a stable credit environment. The SpaceX IPO alone pumped $500M into their coffers. But investors are eyeing the ceiling: can this momentum last? With stress tests passed, buybacks announced, and dividen...

American Express is turning annual fees into a financial powerhouse, with revenue soaring 11% last quarter and card fees alone jumping 18%—driving an 18% EPS boost to $4.28. Unlike Visa, Amex’s subscription-like model locks in steady income even as spending dips, thanks to a growing base of millennial and Gen-Z cardholders expanding at 38%. Trading at a more attractive valuation, analysts predict...

Small but mighty, PR firm RMG defies industry norms by staying lean with just twelve staff while representing Hollywood giants and billion-dollar brands like Hershey. Their secret? Saying “no” early to find the right fits, fueling 95% referral-driven growth. Co-led by CEO Zach Rosenfield and Amanda Brocato, they’ve expanded into major corporate campaigns and high-profile live events — including a...

Britain’s digital services tax is booming, raking in over a billion pounds annually—tripling since its 2020 launch—and now ranks as the world’s highest revenue earner, outpacing France. Targeting global tech giants with UK revenue over £25 million, the 2% levy now covers 32 companies, including non-US firms, with some passing costs to advertisers. While designed as a temporary fix to combat tax av...

ServiceNow’s stock is down 30% this year, but the company’s not backing down—especially as AI reshapes the SaaS landscape. With earnings looming July 22, investors are watching closely as ServiceNow pivots toward AI with its new Control Tower platform, positioning itself as “AI for your AI.” Despite market jitters, the company’s growth holds steady, and its current valuation is nearly half its thr...

Fed Governor Christopher Waller just shut down President Trump’s push for rate cuts—clearly stating the Fed won’t bend to political pressure to ease borrowing costs, even as Trump argues lower rates would fuel hiring, AI growth, and ease the nation’s $40 trillion debt burden. With inflation surging to a three-year high of 4.2%—driven by tariffs and Middle East oil disruptions—the Fed, led by Walle...

Electricity demand is surging—expected to jump 60% by 2025, far outpacing past growth—driven by clean energy and power-hungry tech. Giants like NextEra Energy are racing to dominate, even eyeing a Dominion Energy acquisition, while Black Hills quietly builds momentum with a planned merger that could nearly double its size and boost earnings growth. A true Dividend King, Black Hills has raised its...

Zoom CEO Eric Yuan sold $5.1 million worth of stock to cover tax obligations from vested restricted stock units — not a cash-out move. Despite the sale, he still holds major stakes via family trust and derivative securities. The transaction, common when RSUs vest, doesn’t signal lack of confidence — Zoom’s stock rose 16% year-over-year, revenue jumped 5.5% to $1.2B last quarter, with $755M from en...

Asda security guards face mass job cuts as outsourcing firm Mitie consults on hundreds of redundancies—despite rising shoplifting and violence against staff. Union GMB warns the move endangers public safety and demands transparency, while Asda insists guard numbers won’t drop and says resources are risk-based. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn....

Amazon’s biggest layoff spree ever is reshaping the tech job market as AI automation sweeps through the industry, leaving workers like Jake Linsley—once part of the tech elite—facing a brutal, AI-driven job hunt. While companies like Meta and Microsoft also cut staff, the fallout is hitting hardest for those displaced by AI they helped build. May saw the worst layoffs since 2024 as firms restructu...

Want steady income from your investments? Dive into dividend stocks—companies that pay out profits regularly. Emerson Electric stands out with a 69-year streak of growing dividends, earning it a spot in the elite “Dividend Kings” club. Focused on automation and software for industrial giants, they’ve smartly acquired AspenTech to boost their tech edge. With booming demand for automation, especiall...

Walmart’s market cap has dropped below $900 billion after briefly hitting the trillion-dollar mark, sparking investor concern—but don’t panic: the company still crushed revenue goals and kept full-year guidance intact. While Wall Street was hoping for a profit explosion, Walmart’s modest results triggered a stock pullback, though analysts say it’s more overreaction than reality. E-commerce and adv...

Geopolitical chaos between the U.S. and Iran has reignited global market jitters, but here’s the twist: while oil markets tremble and stocks wobble, the Vanguard Russell 2000 ETF is soaring—outpacing the S&P 500 as smaller, domestically focused companies thrive amid international uncertainty. With giants like Bloom Energy, Credo, and Coeur Mining delivering jaw-dropping gains, this diversified ind...

Meta’s surprise pivot to renting out its idle AI computing power could spell trouble for CoreWeave — whose stock tumbled nearly 11% after Meta, just months ago, paid them $21 billion for cloud services. With $145 billion already sunk into building its own infrastructure, Meta’s new move turns it into a competitor, but analysts still see room for independent players like CoreWeave to thrive as AI d...

Forget the injections—what if weight loss could be maintained with a simple, long-lasting implant? Vivani Medical is developing a revolutionary device that delivers semaglutide (the active ingredient in Ozempic and Wegovy) under the skin, designed to be swapped out just twice a year. It’s built to tackle the biggest hurdle in weight loss: keeping the pounds off long-term. With most patients stoppi...

EasyJet’s caught in a fiery bidding war as Apollo Global Management outbids Castlelake LP with a $7.6 billion offer—surpassing Castlelake’s $5.5 billion—sparking surprise in the low-margin airline world. Apollo, with a proven track record turning around carriers like Aeromexico and Sun Country, pitches a behind-the-scenes overhaul, while Castlelake’s bid drew criticism for seeming opportunistic du...

Ikea is set to revolutionize U.S. retail with seven new stores by winter 2027—six big-box locations and one sleek, smaller-format “Plan and Order” hub—spreading across Illinois, Oklahoma, Wisconsin, New York, Florida, Colorado, and more. Designed for urban convenience, these smaller stores offer personalized design help and fast pickup, while the global giant continues its aggressive expansion wit...

AI’s grip on Wall Street is tightening — with memory chips like SK Hynix’s Nasdaq debut sparking 14% gains and investors zeroing in on real earnings, not just hype. After a volatile ride, the market’s now scrutinizing profit margins and cash flow to see if AI’s boom can last past 2027. Big tech’s upcoming earnings will reveal if AI spending is sustainable — and whether semiconductor stocks are a b...