Yahoo Finance

The company said "demand accelerated into the third quarter with August up 12% and product margins inflecting positive despite operating in the most challenging housing market in three decades." https://yhoo.it/4eoxtOk

Investors now place a roughly 49% probability on a 50 basis point cut at the Fed's meeting next week, compared with 15% at one point on Thursday. https://yhoo.it/3MIMej1

All eyes are on the Federal Reserve Board as it prepares to cut interest rates amid a cooling labor market and falling inflation. The latest data keeps the Federal Reserve on track for a September interest rate cut as the central bank inches closer to its inflation target of 2% over the long run. Ever wondered why we can't just have 0% inflation? Deutsche Bank chief US economist Matthew Luzzetti explains why — even though it sounds like a great idea — it would never work. More: https://lnkd.in/ebTaTsHs #yahoofinance #finance #inflation #economy #money #personalfinance

The Federal Reserve Board is expected to cut rates by at least 25 basis points at its September meeting. But what does that mean for your borrowing costs? Yahoo Finance Senior Credit Cards Writer Kendall Little breaks down how falling interest rates may impact your credit card debt. More: https://lnkd.in/eJS9b7JE #yahoofinance #finance #personalfinance #economy #banking #money #debt

Mastercard's acquisition will bring expanded threat intelligence capabilities to the New York-based payments firm, which recorded $9 trillion in gross dollar volumes last year. https://yhoo.it/3XG9STL

Apple said its AirPods Pro 2 could now be "transformed" into a personalized hearing aid via an upcoming software update that would boost specific sounds in real time, including parts of speech or elements within a user's environment. https://yhoo.it/3ZmNBeH

I interviewed Matt Garman, the CEO of Amazon Web Services (AWS) 90 days into his new role while on the ground at this year's Goldman Sachs Technology Conference. We talked LLMs, custom chips, $NVDA and broader competition in the AI space. Garman's approach? Keeping potential rivals closer. Read more here: https://lnkd.in/eAWYyiFU

Infrastructure doesn’t get built in a day. That’s why we’ve invested $145 billion from 2019 to 2023 primarily to enhance and expand our networks, all focused on our strategy to be the best connectivity provider. I enjoyed my time at Goldman Sachs #Communacopia Conference this week and joined Yahoo Finance to discuss how our fiber strategy is playing out and paying off. ??? ? My top takeaways for those following AT&T and this exciting time in #telecommunications: ? - Increasing value for customers: When we deliver a simple and seamless converged experience, we see higher customer satisfaction, increased brand affinity, and higher lifetime values flowing to the business as more people choose AT&T and stay with us. ? - Strengthening fiber leadership: Hands down, we are America’s largest and leading #fiber provider, and our competitors are chasing us. Today, we pass more than 28 million consumer and business locations. We have plans to expand even further to bring the network of the future to more customers and communities around the country.? ? - Convergence: We’re leading the way in integrating fiber broadband and mobile services, creating seamless connectivity for our customers so we can connect you anytime, anywhere.? ? Watch the full clip below ??

The European Central Bank has cut interest rates for the second time this year, lowering its main rate to 3.5% from 3.75%. Markets had widely anticipated the 25 basis point cut, which comes after the bank lowered rates in June for the first time in five years in June. In its announcement, the ECB said: "Based on the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission, it is now appropriate to take another step in moderating the degree of monetary policy restriction." Eurozone economic growth was revised down to 0.2%, from 0.3% initially forecast for the second quarter, in data released by statistics body Eurostat on Friday, making today's cut more likely. More: https://lnkd.in/eHMiUdtx #yahoofinance #finance #economics #inflation #money #markets

The models, dubbed o1 and o1-mini, can reason through complex tasks and solve harder problems than previous models in science, coding and math, the AI firm said. https://yhoo.it/3zd6wy9