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Micron Stock Rises Despite Apple China Chip Threat

Micron stock was rising despite news that Apple has tested memory chips from China’s ChangXin Memory Technologies. Continue Reading

Inflation Data Will Be the Real Test for This AI Stock Rally

Berkshire’s stock buybacks climb, Apple may turn to China, why Coca-Cola is clobbering Pepsi, and more news to start your day. Continue Reading

Airbnb CEO: Why AI is the best thing to happen to us

Airbnb CEO Brian Chesky reveals to Yahoo Finance Executive EditorBrian Sozzi how AI is driving the company's fastest growth in years, shares his bold predictions for the future of consumer tech, and confirms the existence of a secret internal AI lab. Video Transcript 0:02 spk_0 All right. Welcome to a new episode of Power Players, and I am so excited to, uh, welcome back on Airbnb co-founder and CEO Brian Chesky, and this so happens to be the company's earnings day. Brian, thanks for, uh, squeezing me in somehow. I appreciate it. 0:15 spk_1 Oh, you're welcome. Happy 0:16 spk_0 to be here. And I just want to say too off the top, we did not plan to look alike, like two Brian's, like two fit guys in the box. Like we didn't plan this out beforehand, like, you know, definitely not. Uh, but good to see you. This is earnings day. Numbers look to be good. Like, what do I, what do Ineed to know? 0:30 spk_1 This is the fastest we've been growing in years. I mean, I think a really simple way to think about it is last year our revenue grew 10%. This quarter alone, it was 17%.It's really, really hard for a big company to accelerate growth. It's like gravity, growth rates want to go down, the bigger a company gets. I've learned this the hard way. And so I just wanted to just, just call out our incredible team. It's very, very hard to do what they've pulled off. And the way we did it is we have this innovation model that we really like kind of built a few years ago that I modeled off the original part of Airbnb where I got these small little elite teams focused on problems, and then I kind of, we brought it throughout the entire company.The second thing is AI is the best thing that ever happened to Airbnb. You know, I think there's, there's going to be some winners and losers. Um, I think mostly AI is going to be good for most companies, and we are one of those companies that really benefits. We're shipping more things we ever have. We hired a CTO at the beginning of the year, Ahmed Aldawi, who led and created the llama model. So he is absolutely on the frontier of AI research and he's become a great CTO of Airbnb. We arePutting AI features throughout the product. And I think Airbnb is the kind of company that would really benefit. You know, I do not think a chatbot is the way people are going to book travel. It might be the way to discover destinations. Um, I think we're just getting a lot of great benefits from AI. So that's what I would say. Great team execution, a lot of innovation. AI is leading to acceleration, and therefore we believe we're taking market share. 1:58 spk_0 No, I'm excited to talk to you about, uh, you about the, uh, the innovation. You mentioned, it was mentioned in the earnings release that, I mean, the business accelerated sequentially, and I don't want that to get lost in all the focus on the numbers, because that, at your scale, like you just mentioned, that is not easy to do. What do you attributethat to? 2:14 spk_1 And it's especially hard for marketplaces, right? If you're like um a company that releases a product, you can release a hit product. Marketplaces are very, very difficult. They kind of have a little bit of a mind of their own. I think I attribute it to a few things. Number one, like a lot of people thought our core business was mature. Our, you know, homes in the United States, that we've saturated it. It turns out our US business is accelerating.Our business in Canada and Australia, UK, France, these really so-called mature markets are not mature. We have a huge amount of room to grow. That's number 1. Number 2, again, this innovation model means that we are shipping nearly twice the features that we were a couple of years ago, and they are significantly better quality. You know, AI's really, really helped us be able to do this so much more effective. Everyone has access to AI but not everyone's using it equally, and I think our team is really on the leading edge.I also think there's so many new oppo

Mobile Wallet Market Report, Till 2035 Now Available — Forecasts Growth from $15.65B to $177.31B, Profiles Apple, Google, PayPal, and 15 Other Key Players

Company Logo Global mobile wallet market poised for rapid expansion as biometric security, super apps, and emerging-market digital payment initiatives reshape the competitive landscape Mobile Wallet MarketMobile Wallet Market Dublin, Aug. 10, 2026 (GLOBE NEWSWIRE) -- The "Mobile Wallet Market, Till 2035: Distribution by Type of Wallet, Payment Mode, Areas of Application, Type of Technology, Type of Ownership, and Geographical Regions, Industry Trends and Global Forecasts" has been added to ResearchAndMarkets.com's offering. Global Mobile Wallet Market to Reach USD 177.31 Billion by 2035, Expanding at a CAGR of 27.47% The global mobile wallet market is projected to grow from USD 15.65 billion in the current year to USD 177.31 billion by 2035, representing a compound annual growth rate (CAGR) of 27.47% during the forecast period. Rising smartphone penetration, expanding internet connectivity and growing demand for fast, secure and convenient digital payment solutions are expected to support sustained market expansion. The increasing adoption of cashless payments across developed and emerging economies remains a major growth driver for the mobile wallet industry. Consumers are increasingly using mobile payment platforms for retail purchases, e-commerce transactions, transportation, hospitality services, money transfers and banking activities. The rapid development of digital commerce ecosystems is also encouraging merchants to integrate mobile wallet payment options to improve transaction efficiency and customer experience. Key Mobile Wallet Market Growth Drivers Government programs promoting digital payments and cashless economies are contributing significantly to market growth, particularly in regions where conventional banking infrastructure is limited. At the same time, broader access to smartphones and mobile internet services is enabling more consumers and businesses to participate in the digital economy. Technological innovation is further transforming the global mobile wallet market. Artificial intelligence and machine learning are supporting fraud detection, predictive spending insights, personalized financial services and intelligent authentication. Biometric technologies, including fingerprint scanning, facial recognition and voice authentication, are strengthening transaction security while improving accessibility. Near-field communication, QR code payments and tokenization are enabling faster contactless transactions across retail, transportation, hospitality and e-commerce. Blockchain and decentralized finance capabilities are also gaining attention for their potential to improve transparency, digital asset management and cross-border payment efficiency. In addition, super apps that combine payments, banking, shopping, ticketing and other financial services are expanding the role of mobile wallets within the broader digital commerce ecosystem. Story Continues Competitive Landscape The mobile wallet market includes multinational corporations, financial institutions, technology companies, device manufacturers, telecommunications operators and regional payment providers. Large enterprises currently hold a significant market share due to their broad customer networks, established distribution capabilities and investment in advanced payment technologies. Leading market participants are pursuing strategic partnerships, mergers and acquisitions, joint ventures, product launches, research and development programs and geographic expansion. Investment priorities increasingly include cybersecurity, interoperability, digital transformation and secure payment infrastructure. These initiatives are expected to intensify competition while accelerating innovation throughout the mobile payment industry. Asia Leads the Global Mobile Wallet Market Asia currently accounts for the largest share of the global mobile wallet market. Regional growth is supported by a large population, widespread smartphone adoption, an expanding internet use

Monograph Wealth Advisors LLC Increases Position in Apple Inc. $AAPL

OpenAI developing $300+ AI speaker to challenge Amazon Alexa

Yahoo Finance Tech Editor discusses reports that OpenAI (OPAI.PVT) is developing a $300+ puck-sized smart home device designed to compete directly with Amazon (AMZN) Alexa and Google Home Video Transcript 00:00 Speaker A We got to talk about Open AI because they are coming after Alexa and Siri. They're going into the home market here. Uh reportedly developing a hockey puck-sized AI device that could cost more than $300 and uh they want to build more consumer or new consumer hardware built around artificial intelligence rather than apps. So, what are some of the details here? 00:24 Dan Yeah, this is uh from Bloomberg's Mark Gurman and he said it's kind of like a hockey puck donut kind of looking thing. uh which yeah, sure, why not? Why not? Uh uh basically what Open AI is doing is uh uh apparently putting together this device that would have kind of some, you know, anthropomorphic qualities to it and that uh it would kind of react to you in certain ways and there would be some kind of movement uh related to the the device itself kind of indicating that it's listening uh or that it's uh doing some uh uh yeah processing, trying to give you an answer to a question or provide uh you with an update on a task that it's running in the background, things along those lines. It'll have lights on it that indicate when it's thinking, um, thinking. Uh and then uh kind of in that price range, it would be more expensive than what you would get out of a a small Google home or or an Alexa, uh you use Alexa Plus, but the the big deal here is that it's running on Open AI's models or would would run on Open A AI's models. And so, you know, you would think that people are comfortable using chat GPT at this point. Perhaps that's kind of a an an additional way to increase market share that OpenAI has with chat GPT getting into the home space 01:54 Dan is interesting though, because when you look at something like Alexa uh and the uh Echo that that Amazon sells or or Google home, the the Alexa was originally built as a means to get people to buy more from Amazon's website. It was a way for people to say, you know, buy me more laundry detergent or something. and you would just add stuff to a list over time. And so it would reduce friction and get people to buy more. Uh didn't really work out that way. It became a way of just kind of asking what the time was or what the weather was or, you know, what's on my my schedule or what's traffic like, nothing really too deep beyond that. And so they've come out with Alexa Plus, they're trying to expand on that with different capabilities, uh agentic capabilities overall. Uh uh uh Google's doing the exact same thing. And so, obviously OpenAI being what they are, want to be in this space and try to dominate it. and we'll just have to see, but, you know, it also comes as uh Apple is suing OpenAI for uh alleged uh uh uh trademark uh uh trade secrets, uh theft. And so, 03:09 Dan you know, this doesn't sound like anything Apple has. Uh we don't know if they're working on something like that, but I guess we'll just have to see. Um, but yeah, this this could be a very interesting product and an interesting move for Open AI. 03:22 Speaker A Yeah, an always-on anthropomorphic Open AI device in my home. I don't know, but thank you for the report, Dan. 03:29 Dan View Comments

‘Your refund: $0’: Companies claim billions in tariff refunds, months after Trump floated $2,000 checks

Brandon Bell/Getty Images Companies that collected higher prices on everything from TVs to school clothes are now getting billions back in tariff refunds. Your refund: $0. Even though the tariffs in question are gone, as the Supreme Court threw them out in February, the government is refunding the money to brands like Walmart, Apple, Ford and Amazon, among others. Must Read Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going Walmart's refund could reach roughly $2.4 billion by CNBC's calculation. Following Walmart's lead is Apple, whose refund is roughly $2.2 billion, though the company disclosed only the effect on its margins. Ford's filings show $1.3 billion. Nintendo hit $936 million, and Amazon named its own figure outright: $600 million. Rep. Mark Pocan, D-Wis., called those numbers out in a Facebook post and closed with: "Your refund: $0." About $86 billion has flowed out of the Treasury, roughly half of what's owed, and none of it has been offered to American households. Stranger still, Trump spent months promising Americans a $2,000 tariff check. Then, in April, he told CNBC's Squawk Box that Apple was holding off to avoid upsetting him. "If they don't do that, I'll remember them," he said of companies skipping refunds. Dozens applied anyway. Here's why the money is going to corporations, and whether any of it could still reach your pocket. Why you won't see the refund The Supreme Court ruled 6-3 on February 20 that a 1977 emergency-powers law never gave the president authority to impose tariffs. Some 330,000 importers had paid about $166 billion under it. Steel, aluminum and auto tariffs imposed under other statutes survived. The Court said nothing about refunds, so the trade court ordered them, and the U.S. Customs and Border Protection built a portal that opened April 20. That order is now on appeal. A tariff is a tax paid at the border, and customs rules recognize only the company that paid it there. You paid Walmart, Walmart paid customs, customs is now paying Walmart back and there's no federal system for reaching the person at the end of that chain. Walmart has been here before: when it warned last year that tariffs could force price increases, Trump told the retail giant to eat the tariffs. This May, CFO John David Rainey confirmed to CNBC that Walmart had applied anyway, calling the refund "a relatively small part of our overall business." Story Continues It equals about 0.5% of Walmart's U.S. sales — the portion where the company was the importer on record. On $483 billion in U.S. sales, CNBC calculated that at roughly $2.42 billion, a number Walmart has never stated. The refund returns an unlawful tax to the businesses that legally paid it, which shareholders would expect any public company to claim. The people who ultimately covered those duties have no equivalent paperwork to file. Read More: Vanguard reveals what's coming for U.S. stocks — and it could be bad news for this group of investors What the tariffs cost the American citizens Democrats on the Joint Economic Committee tallied the expense at $1,744.75 per household over the tariffs' first year, from $231.35 billion in consumer costs. Nonpartisan New York Fed economists confirmed that nearly 90% of the burden landed on U.S. firms and consumers rather than foreign exporters. So where's the check Trump promised? On November 17, he told reporters in the Oval Office the payments would be sent out "probably in the middle of next year." That window has since closed. No bill has passed, and a draft rebate proposal from Sen. Josh Hawley, R-Mo., for $600 a person, has sat in committee since July 2025 without a cospon

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