Yahoo Finance’s Alexis Christoforous, Jared Blikre, Yahoo Finance Editor-in-Chief Andy Serwer and Dan Howley discuss the big stories of the day. Alexis also talks with Greg McBride, chief financial analyst at Bankrate.com, about how 39% of Americans can’t afford emergency expenses.
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GDP: US economy grows at 1.6% annual pace in first quarter, falling short of estimates
The reading of first quarter economic growth comes at a crucial time as investors digest the potential impacts of the Fed holding interest rates higher for longer.
Yahoo Finance•Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American Airlines and Southwest Airlines both lost money in the first quarter, and Southwest said Thursday that it will limit hiring and close operations at four airports. Airlines are dealing with higher labor costs and delays in getting new planes from Boeing, which is limiting their ability to add more flights at a time of high demand for travel. American said it lost $312 million as labor costs rose 18%, or nearly $600 million.
Associated Press Finance•The Vanguard 500 Index Fund Is Great, But Another Vanguard ETF Has Outperformed It the Past Decade
This growth ETF has nicely outperformed the S&P 500 since its inception.
Motley Fool•Charlie Munger Explained If You Want To Become Rich, Stop Trying To Be 'Intelligent' And Aim For 'Not Stupid' Instead
Charlie Munger, the late vice-chairman of Berkshire Hathaway Inc., was renowned not just for his investment prowess but for his unconventional approach to achieving financial wisdom. In a world where intelligence is often touted as the key to success, Munger proposed a counterintuitive strategy. "It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent," he said. Don't Miss: Can you guess how many A
Benzinga•Billionaire Bill Ackman Has His Sights on Only 1 "Magnificent Seven" Stock, and It's Not Nvidia
You'll only find seven different stocks in this billionaire's portfolio, and only one of them is a "big tech" company.
Motley Fool•China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
Benzinga•One Member of Congress Is Going Against the Grain and Selling This Skyrocketing Stock-Split Stock
One of Capitol Hill's most-active stock traders is sending a company with well-defined competitive advantages -- that also happens to be on the verge of its first-ever stock split -- to the chopping block.
Motley Fool•3 Absurdly Cheap Stocks to Buy and Hold for Years
These stocks all deserve to be trading at far higher prices, and it may not be too long before they start to rally.
Motley Fool•Here's What Was Wrong With Meta's Q1 Earnings Report
The Facebook parent company expects a significant slowdown in its growth rate in Q2.
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