
India Plane Crash Inspection and Recovery Begins
India said that 8 of the 34 Boeing Co. 787 planes in the country have been inspected following the fatal crash of an Air India 787 Dreamliner on Thursday that killed all but one of the 242 people on board. (Source: Bloomberg)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Dow Jones Futures Loom As Israel Attacks Iran Energy Assets; The Next AI Winners After Nvidia, Broadcom?
Israel has expanded its targets to include Iran energy assets. Will these AI stocks follow Nvidia, Broadcom higher?
Yahoo
an hour ago
- Yahoo
Investors eye Middle East tensions and the Fed's 'dot plot': What to know this week
The recent stock market rally hit a pause as an Israeli airstrike on Iran sent oil prices higher and equities lower to end the first full trading week of June. For the week, the S&P 500 (^GSPC) fell 0.6%, while the Nasdaq Composite (^IXIC) slid 1%. Meanwhile the Dow Jones Industrial Average (^DJI) dropped 1.3%. In the week ahead, investors will have a close eye on rising tensions in the Middle East, particularly Iran's response. In scheduled events, the Federal Reserve's latest policy statement is set for release on Wednesday. The latest summary of Economic Projections (SEP) — including its "dot plot," which maps out policymakers' expectations for where interest rates could be headed in the future — will also be released at 2 p.m. ET followed by a press conference from Fed Chair Jerome Powell at 2:30 p.m. ET. Elsewhere in economic news, the release of retail sales for the month of May will also gain investor attention on Tuesday. Markets will be closed for Juneteenth on Thursday. On Friday, Brent crude futures (BZ=F) surged higher to just below $74 a barrel, while West Texas Intermediate futures (CL=F) changed hands at almost $73 as investors digested the Israeli missile launch on Iran. Both measures were up about 12% or more on the week. The growing concern is that further escalation could push oil even higher and eventually weigh on inflation. JPMorgan head of global commodities research Natasha Kaneva wrote in a June 12 note to clients that, should escalations of the conflict become "severe," oil could rise to about a $120 barrel and push the Consumer Price Index (CPI) up to 5%. The latest data from the Bureau of Labor Statistics showed the prices increased 2.4% in May. Given that trade concerns have stopped swinging markets, Bank of America Global Research chief investment strategist Michael Hartnett wrote in a note to clients on June 13 that the door is "wide open for stock bulls" as long as the pop in oil prices is "short-lived." US economic growth data has largely remained resilient through the onset of President Trump's tariffs, and economists expect that trend to continue in the latest retail sales report. The May retail sales report is expected at 8:30 a.m. ET on Tuesday, with economists anticipating sales fell 0.6% over the prior month. But retail sales excluding auto and gas are expected to have risen 0.4%. And the control group of retail sales, which excludes several volatile categories and factors from the gross domestic product (GDP) reading for the quarter, is anticipated to have risen 0.5% in May. Wells Fargo's team of economists said the report is likely to show "the consumer has yet to run out of steam." The path forward for interest rates will be squarely in focus in the week ahead. Recent economic data has shown some signs of cooling in the labor market, while inflation continues to decline. This has some economists arguing that the discussion around Federal Reserve interest cuts, and specifically why the central bank would lower rates at all this year, might be changing. "Combined with the solid May jobs report, the CPI data reduces the chances of a nasty bout of stagflation," Bank of America US economist Stephen Juneau wrote in a note to clients on Wednesday. "That means a lower risk of 'bad' cuts (due to a collapse in the labor market) but increased probability of 'good' cuts (solid labor market and slowing inflation)." With the Fed widely expected to hold interest rates steady again on Wednesday, investors will be closely following the Summary of Economic Projections and Chair Jerome Powell's press conference for any clues on what could drive the Fed to reduce interest rates for the first time this year. Entering the meeting, markets are pricing two interest rate cuts from the Fed in 2025, in line with the central bank's median dot plot projection from March. But since then, there have been significant changes to tariff policy, which will put any updates to the Fed's outlook in particular focus. "Any material change to the dot plot would be inconsistent with the central bank's recent mantra of wait and see," Oxford Economics chief US economist Ryan Sweet wrote in a note to clients previewing the event. Economic data: Empire manufacturing activity, June (-7.5 expected, -9.2 prior) Earnings: No notable earnings. Economic data: Retail sales month-over-month, May (-0.6% expected, +0.1% prior); Retail sales excluding auto and gas month-over-month, May (+0.4% expected, +0.2% prior); Retail sales control group month-over-month, May (+0.5% expected, -0.2% prior); Industrial production, month-over-month, May (0% expected, 0% prior); NAHB housing market index, June (34 prior); Import price index month-over-month, May (-0.3% expected, +0.1% prior) Earnings: Lay-Z-Boy Incorporated (LZB) Economic data: Building permits month-over-month, May preliminary (0% expected, -4% prior); Housing starts month-over-month, May (-0.2% expected, 1.6% prior); FOMC rate decision (4.25% to 4.5% expected, 4.25% to 4.5% prior); FOMC median rate forecast for end of 2025 (3.875% prior); Initial jobless claims, week ending June 14 (248,000 prior); Continuing claims, weekending June 7 (1.956 million prior) Earnings: Aurora (ACB), Smith & Wesson (SWBI) Markets are closed for Juneteenth. Friday Economic data: Leading index, May (+0.1% expected, -1% prior); Philadelphia Fed Business Outlook, June (0 expected, -4 prior) Earnings: Accenture (ACN), CarMax (KMX), Darden Restaurants (DRI), Kroger (KR) Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer.
Yahoo
2 hours ago
- Yahoo
AMD's press conference won Computex 2025
When you buy through links on our articles, Future and its syndication partners may earn a commission. Of all the chipmakers at Computex, AMD had the most announcements for consumers and enthusiasts. But don't get too excited — Qualcomm, Intel, and Nvidia set a low bar. AMD's Jack Huynh, SVP and GM of Computing and Graphics, hosted the company's Computex press conference. While AMD's conference was held off-site, it just may have been the most interesting speech of the show. Huynh kicked off with gaming announcements, unveiling the Radeon RX 9060 GPU, new Ryzen AI Pro processors, and improvements to its FSR ("FidelityFX Super Resolution") upscaling and frame generation technology. So, what's new from AMD this summer? To set the stage for Redstone, Huynh recapped the success of the Project Amethyst partnership with Sony to improve FSR into the fourth iteration. FSR 4 was released earlier this year with the RDNA 4 Radeon RX 9070 GPUs and will be improved with FSR Redstone when it is released later this year. It is also currently supported in 60 games, with more to come. FSR Redstone will be available on all RDNA 4 GPUs, and at launch, 40 games will support Redstone super sampling. Redstone brings machine learning enhancements like advanced radiance caching, machine learning ray regeneration, and machine learning frame generation. These advanced features will become available as an update to AMD's FSR 4 super sampling software later this year. AMD's more budget-friendly Radeon RX 9060 XT GPU features RDNA 4 architecture and offers all the advantages of FSR 4 for just $349 for the 16GB model, and $299 for the 8GB variant. If you're hoping to get your hands on the latest AMD graphics card, the Radeon RX 9060 XT will go on sale on June 5, 2025. While the Radeon RX 9060 XT is a less powerful GPU than the Radeon RX 9070 and 9070 XT, it gets all the same benefits of FSR 4, including frame generation and the upcoming Redstone improvements. Huynh recapped the Ryzen AI 300 series' successes, though some of AMD's claims are a bit suspect. AMD claims the Ryzen AI Max+ 395 is 15% faster than Apple's M4 Pro 12-core CPU. Based on our own testing, this is true on the Geekbench 6 multicore benchmark, but the M4 Pro wins in more real-world benchmarks, like the PugetBench for Adobe suite. As for new announcements in this segment, AMD has brought the power of the new Ryzen AI Pro 300 chipsets with new devices by Asus. 'If you're a fan of AMD technology,' Huynh enthused, 'you're a fan of Asus innovation.' Asus is expanding the ExpertBook P-series lineup to include AMD CPUs on desktops, mini-PCs, and laptops. It is also offering monitors with Free-Sync compatibility. While AMD's workstation Threadripper Pro 7000 series CPUs are relatively unmatched in terms of raw computing power, the company is upgrading the chip to a new generation on the 4-nanometer Zen 5 architecture. With up to 96 cores and 192 threads, the Threadripper 9000 series is the ultimate chip for those who believe 'bigger is better.' While Apple's Ultra processors and Intel's Xeon line are in a similar class, neither company has gone as heavily into the over-spec segment as AMD's Threadripper lineup. Of course, there are often diminishing returns by adding so many additional cores and threads, which is why Intel ditched hyperthreading on the Arrow Lake platform. However, there will always be exceptions. And that's the Threadripper gamble. Previous iterations of the chip have often proved AMD correct in the benchmark stakes, as the Threadripper 7980 outperforms even the Epyc 7773X data center CPU in Cinebench 2024. So if you want the most powerful workstation chip to power your special effects business, like AMD partner WetaFX, the Threadripper 9000 Series is worth the excitement. And if you need more endorsement than the facts, WetaFX's Daniel Seah told James Cameron 'who is like a god,' that he couldn't meet to talk about the next Avatar film because 'I have to go to Taipei for AMD.' AMD also announced the Radeon AI Pro 9700 GPU to further support the desktop workstation ecosystem. AMD has also announced ROCm support for the Radeon RX 9000 series and AMD Ryzen AI Max APUs, with support for additional hardware and Linux operating systems like RedHat coming later this year. ROCm is also expanding Windows support to Pytorch and ONNX-EP. AMD announced the most new chips and software support at Computex, thanks to its expanded gaming, professional, and workstation lineup. The Asus ProArt P16 nails local AI and beats MacBooks — but it doesn't come cheap The Acer Swift X 14, a favorite of creators, is being refreshed for 2025 Jensen Huang at Computex: "It's not because we don't love GeForce, GeForce got us here."