Josh Schafer
Josh Schafer is a reporter for Yahoo Finance. He covers the technology and financial sectors with a focus on artificial intelligence and its impact on the stock market. Prior to joining Yahoo Finance, Josh worked at CNBC where he reported on tech companies and their role in shaping the future of business. Josh has also contributed to various publications including The Wall Street Journal, Bloomberg, and Forbes. He is a graduate of New York University with a degree in journalism.
18%
The Daily's Verdict
This author has a poor reputation for journalistic standards and is not considered a reliable news source.
Bias
10%
Examples:
- The author occasionally uses sensationalist language and selective reporting to emphasize certain points.
Conflicts of Interest
10%
Examples:
- The author occasionally mentions potential conflicts of interest but does not delve deeply into them.
Contradictions
45%
Examples:
Deceptions
10%
Examples:
- The author sometimes uses misleading or deceptive language to make a point.
Recent Articles
Global Economy: Optimism Grows as Investors Anticipate Soft Landing and Interest Rate Cuts
Broke On: Thursday, 18 July 2024Investor optimism about a 'soft landing' for the global economy is on the rise, driven by improving economic outlooks and decreasing inflation concerns. Market gains in Real Estate, Industrials, and the Russell 2000 index reflect this sentiment. Despite these positive signs, geopolitical conflicts and persistent inflation remain potential risks. 
US Retail Sales Surprise with 0.8% Increase in June Amid Challenges
Broke On: Tuesday, 16 July 2024US retail sales defied expectations with a 0.8% increase in June, excluding auto and gas, despite declines in gas station sales and vehicle purchases due to cyberattacks. Home improvement stores and online sales saw growth. Key Economic Data and Earnings Reports: Inflation, Fed Testimony, and Q2 Earnings Kick Off Busy Week for Investors
Broke On: Monday, 08 July 2024Investors will monitor key economic data, earnings reports from major financial institutions, and the Federal Reserve's interest rate decisions amid signs of cooling labor market data. The US Treasury's quarterly refunding update, inflation data, and Fed Chair Jerome Powell's testimonies will influence potential interest rate cuts in 2024. Second-quarter earnings from companies like JPMorgan, Wells Fargo, and Citi kick off on Friday. Core Inflation Slows Down: PCE Index Shows Prices Rise at Softest Pace in Six Months
Broke On: Friday, 28 June 2024The Federal Reserve's preferred inflation measure, core PCE index, decelerated in May with a 0.1% increase from the prior month and a 2.6% yearly rise. Household spending rebounded while personal income reached $23.9 trillion, second only to March 2021 stimulus payments. Despite this, traders predict a 59.5% chance of a September rate cut due to slowing inflation and solid income growth. Fed Officials and Retail Sales Data Suggest Possible Interest Rate Cuts
Broke On: Wednesday, 19 June 2024Six Federal Reserve officials indicated a potential for interest rate cuts due to economic data and their concerns about inflation not reaching the 2% target, while retail sales have reportedly slowed down. The Fed is expected to make data-dependent decisions. 
Apple Intelligence: Revolutionizing Device Use with AI Features
Broke On: Tuesday, 11 June 2024Apple unveils Apple Intelligence, a new AI feature set for iPhone, iPad, and Mac devices this fall. Siri updates, M1 chip integration, and potential partnerships with Google and OpenAI promise more personalized experiences. 
Anticipated May Jobs Report: Expected Addition of 185,000 Jobs and Unemployment Rate at 3.9% - Implications for the Economy and Interest Rates
Broke On: Thursday, 06 June 2024Anticipated May jobs report may reveal insights into labor market's current state, with an expected addition of around 185,000 jobs and a 3.9% unemployment rate. Diverging predictions on implications for economy and interest rates. Lululemon Defies Inventory Challenges and Raises Full-Year Profit Outlook
Broke On: Wednesday, 05 June 2024Lululemon reported stronger-than-expected earnings for Q1 2024, raising full-year profit outlook and increasing share buyback program despite inventory issues and slowing sales growth in the Americas. International markets showed strong momentum, offsetting challenges. Net income was $318 million on $1.4 billion in sales, missing analyst expectations. 
Nvidia Surges Past Apple to Become Second Most Valuable US Company: Tech Stocks Rally Amidst Optimism for Interest Rate Cuts and Cooling Economy
Broke On: Wednesday, 05 June 2024On June 5, 2024, the S&P 500 and Nasdaq Composite reached new record highs, with tech stocks leading the charge. Nvidia surged over 5% to become the second most valuable US company with a market cap of $3 trillion. Microsoft also saw gains, while other sectors like chip-equipment and food service contributed to overall market growth. ASML, Dutch Bros, Wingstop, Constellation Energy, and Netflix all experienced significant gains. 
US Economy Grows Slower Than Initially Estimated: Revised Data Shows 1.3% Annualized Expansion in Q1, Consumer Spending Downgraded to 2%
Broke On: Thursday, 30 May 2024The US economy grew more slowly than initially estimated in Q1, with GDP expanding at an annualized rate of 1.3% due to a downward revision in consumer spending. This revision led to renewed expectations for a Federal Reserve interest rate cut and raised concerns about potential financial stress among consumers.
