Nvidia CEO: "You're not going to lose a job, your job to an AI, but you're gonna lose your job to somebody who uses AI." #yahoofinance #nvidia #jensenhuang #ai #artificialintelligence #artificialintelligenceai
“Capitalism in the United States has succeeded like nothing you’ve ever seen,” Warren Buffett said on Saturday at the Berkshire Hathaway annual shareholder meeting. “But… it’s a combination of this magnificent cathedral, which has produced an economy like nothing the world’s ever seen, and then it’s got this massive casino attached. So you’ve got the casino. And the casino, everybody’s having a good time, and there’s lots of money changing hands and everything.” “But [we’ve] got to make sure the cathedral gets fed too, because the temptation… is very high now to go over the casino.” Buffett’s continued to extend the metaphor. “In the cathedrals, they basically are designing things that will be producing goods and services for 300 and some million people like it’s never been done before in history,” Buffett said. “It’s an interesting system we’ve developed, but it’s worked. It dispenses rewards in what seems like a terribly capricious manner.” #yahoofinance #warrenbuffett #buffett #warrenbuffettwisdom #inspiration #stockmarket
The Federal Reserve held interest rates steady Wednefor the third meeting in a row, defying President Trump’s calls for the central bank to again loosen monetary policy while also warning of increased economic uncertainty. Fed Chair Jerome Powell made clear in his afternoon press conference that the central bank would take its time in the months ahead, saying the Fed does not “need to be in a hurry” as it evaluated how Trump’s tariffs will affect employment and inflation, and whether talks with America’s larger trading partners change the outlook. “My gut tells me that uncertainty for the path of the economy is extremely elevated,” Powell said on May 7, 2025. #yahoofinance #fed #federalreserve #jeromepowell #powell #trump #interestrates #unemployment #inflation #tariffs
Tesla's self-driving taxis appeared to violate traffic laws during the company’s first day offering paid rides, with one customer capturing footage of a left turn gone wrong and others traveling in cars that exceeded posted speed limits.
Trump: Powell "should resign immediately. We should get somebody in, that's going to lower interest rates." #yahoofinance #trump #powell #fed #federalreserve #bank #jeromepowell
"All I want to do in what's left of my time at the Fed is have the economy be strong and have inflation be under control, have a solid labor market," Federal Reserve Chair Jerome Powell told lawmakers Tuesday.
White House: 'The courts should have no role here' in Trump tariffs. #yahoofinance #whitehouse #whitehousepresssecretary #leavitt #karolineleavitt #news #tariff #tariffs
Replying to @Yahoo Finance Bessent: Digital assets ‘can drive usage of the U.S. dollar around the world’ #yahoofinance #bessent #scottbessent #us #treasury #digitalassets #stablecoin #etf
Fed Chair Jerome Powell told reporters at a press conference that recent inflation reports have been favorable but that goods prices have been moving up following the introduction of new tariffs and there could be more of that this summer. "We’re beginning to see some effects, and we do expect to see more of them over the coming months." Thus, the right thing to do for now, he added, is “hold where we are” on rates. “What we are waiting for to reduce rates is to understand what will happen with the tariff inflation. There is a lot of uncertainty about that,” but “ultimately the cost of the tariffs has to be paid."
Bessent asked about Fed chair job: ''I would like to stay in my seat through 2029.'' #yahoofinance #treasury #secretary #scottbessent #finance #news #federalreserve #fed #jeromepowell
“It takes some time for tariffs to work their way through the chain of distribution to the end consumer," Federal Reserve Chair Jerome Powell said during a press conference Wednesday.
Powell: ''Ignore the tariffs,'' inflation is behaving as the Fed expected. #yahoofinance #federalreserve #fed #jeromepowell #powell #inflation #tariffs #tariff
Powell: "I want to hand over to my successor an economy in good shape... that's what keeps me up at night." #yahoofinance #jeromepowell #powell #federalreserve #fed #us #economy
Sec. Bessent: U.S. has to "win in AI and quantum... I think China's catching up." #yahoofinance #secretary #treasury #scottbessent #interview #ai #artificialintelligence #quantumcomputing #quantumcomputer #china #us