D.A. Davidson's Luria: Alphabet's other properties are being held back by uncertainty about search
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Living Paycheck to Paycheck? Try Suze Orman's Top 5 Money-Saving Tips
With around half of Americans reportedly living paycheck to paycheck, saving money might seem impossible. But financial guru Suze Orman has some surprisingly doable advice for squeezing savings out of even the tightest budget. Here are Orman's five best tips for how to save even when living paycheck to paycheck. Read Next: For You: Strike 'Can't' From Your Vocabulary 'You have to strike the word 'can't' out of your vocabulary,' Orman told CNBC. Instead of saying you can't save, start looking for places where money is slipping through the cracks. That $10 lunch out? It could be going into your retirement account instead. Make Yourself the Priority Think you're too broke to save? Orman said to look closer at your spending. According to she challenges everyone to cut utility bills by 10% (hello, lower electric bill!) and examine those credit card statements. There's usually some 'hidden money' in there you could redirect to savings. Learn More: Automate Everything Here's a trick that actually works: Have money whisked away before you can spend it. 'You will find that you do not miss it,' Orman explained to CNBC. Even $50 a month adds up — especially if you put it in a Roth IRA, where you can access your contributions if you really need them. Get Real About Wants vs. Needs Every time you're about to buy something, Orman suggests asking one simple question: 'Is this a want or is this a need?' Medicine and groceries? Needs. That new phone case? Probably a want. Being ruthless about this distinction can free up surprising amounts of cash. Build That Emergency Fund While it might seem impossible, Orman insists everyone needs an emergency fund covering eight to 12 months of expenses. Start small — even $20 a week adds up. 'The most important thing is that you have got to live a life below your means, but within your needs,' Orman said. You don't need to make six figures to start saving — you just need to be strategic about it. Start with what you can, automate it and slowly increase your savings as you find more 'hidden money' in your budget. More From GOBankingRates 10 Used Cars That Will Last Longer Than the Average New Vehicle This article originally appeared on Living Paycheck to Paycheck? Try Suze Orman's Top 5 Money-Saving Tips Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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3 hours ago
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'I Don't Do Anything Other Than Working,' Says Perplexity CEO Aravind Srinivas As His $14 Billion AI Startup Challenges Tech Giants
Perplexity Chief Executive Officer Aravind Srinivas says speed and urgency are nonnegotiable as his artificial intelligence startup races tech giants. "I don't do anything other than working," Aravind Srinivas admitted in a Reddit Ask Me Anything in May, emphasizing the intense focus needed to stay ahead in the AI race. Srinivas leads a $14 billion search engine challenge to Alphabet (NASDAQ:GOOG, GOOGL)), Microsoft (NASDAQ:MSFT), and Apple (NASDAQ:AAPL). Speaking at Y Combinator's AI Startup School in mid-June, he warned that bigger firms will inevitably copy successful ideas. Investors crave speed, rivals borrow ideas, and users expect quick answers. Srinivas's strategy is clear: move faster than fear and keep building. His advice to founders is to treat urgency as a protective moat until the tech giants catch up. Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can Embracing Fear As Strategy "Live with that fear. You have to embrace it," Srinivas told the students, explaining that founders must remember "your moat comes from moving fast and building your own identity." He added a broader warning: "You should assume that if you have a big hit... a model company will copy it." Perplexity shocked Silicon Valley with a $14 billion valuation after its Series C funding round in May. Bloomberg reported in June that Apple executives even discussed acquiring the startup to strengthen Safari's search abilities. Google and Microsoft responded by adding AI summaries to their search results. Srinivas simply shrugs, insisting that speed outpaces scale. Work-Life Trade-Offs Get Real Srinivas doesn't downplay the personal strain of running an AI startup. In the same Reddit AMA, he admitted to working nonstop, squeezing in audiobooks and podcasts whenever he could—even if sleep had to wait. He urges individuals to ditch doom‑scrolling on Instagram and focus on mastering AI instead, warning that adaptability and grit—not comfort—will determine who thrives as the field accelerates. Trending: $100k+ in investable assets? – no cost, no obligation. AI Gold Rush Raises Stakes OpenAI CEO Sam Altman predicted a "one-person billion-dollar company" while chatting with Reddit co-founder Alexis Ohanian last year. Meanwhile, former "Shark Tank" investor Mark Cuban went further in June, telling the 'High Performance" podcast that AI may mint the first "trillionaire... just one dude in a basement." Those forecasts intensify the spotlight on Perplexity and the broader AI field. But with that spotlight comes pressure. Perplexity's head of communications, Jesse Dwyer, told Business Insider that Big Tech companies "not only copy your features but they also try to drown your voice," highlighting the uphill communication battle startups face when competing with dominant platforms. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Can you guess how many retire with a $5,000,000 nest egg? . Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article 'I Don't Do Anything Other Than Working,' Says Perplexity CEO Aravind Srinivas As His $14 Billion AI Startup Challenges Tech Giants originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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5 hours ago
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Big Tech Earnings Strength Is Bright Light in Murky Stock Market
(Bloomberg) -- Wall Street had a lot riding on whether this week's big-tech earnings would meet increasingly high expectations. By and large, the companies delivered. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival We Should All Be Biking Along the Beach Seeking Relief From Heat and Smog, Cities Follow the Wind San Francisco in Talks With Vanderbilt for Downtown Campus Yes, the stock market finished the week on a down note with Friday's selloff, which was in part sparked by mixed results from Inc. after the market closed Thursday, as well as a weak jobs report and fears about the economic impact of President Donald Trump's sweeping global tariffs. But for the most part, investors looking for strength from technology companies to justify their market leadership found plenty of it in their reports. 'The sector is proving itself to have something like Teflon status, as fundamentals look strong, revenue growth has come in quite significantly higher than expected, and margins remain relatively healthy,' said Kevin Gordon, senior investment strategist at Charles Schwab & Co. 'While things aren't perfect, and valuations are nearing a level that has acted as a ceiling in the past, we still have a high degree of optimism, especially as we go up the market-cap spectrum.' Alphabet Inc. started the season off last week by reporting strong sales, lifted by artificial intelligence. This week, Apple Inc. posted its strongest revenue growth in more than three years, while Meta Platforms Inc. spiked to a record as it beat expectations and outlined aggressive spending on AI. Microsoft Corp. reported robust strength in its cloud business on the back of AI demand, enough to temporarily lift it to a $4 trillion market capitalization, only the second company ever to do so. The stock has risen for 10 straight weeks, its longest streak since 2023. Amazon was the exception, offering a tepid forecast due to relatively slow growth in its cloud-computing division and heavy investments into AI. From here, investors will turn to chip behemoth Nvidia Corp., which reports at the end of the month. Stretched Valuations The Nasdaq 100 Index finished the week down 2.2%, with much of the drop coming on Friday. And a Bloomberg gauge of the Magnificent Seven stocks — which includes all of these companies and Tesla Inc. — declined 1.5% over the five sessions. However, the Nasdaq 100 remains up more than 30% off its low from early April, while the Mag Seven Index is up more than 40%. Those gains are raising questions among some Wall Street pros about whether the rally in tech has become overly stretched. The Nasdaq 100 is trading at nearly 27 times estimated earnings, well above its 10-year average of 22. Overall, however, none of the companies that have reported are showing dramatically weakening fundamentals, which is particularly important as uncertainty continues to swirl around the impact of trade policy and tariffs. More than 96% of tech firms in the S&P 500 Index have topped expectations for profits, while roughly 93% have for revenue, according to data compiled by Bloomberg. For the index overall, the beat rates stand at 82% for earnings and 68% for revenue. While Wall Street has long been broadly positive on big tech, this week's results reinforced it's continuing potential. The Magnificent Seven are expected to see earnings growth of 24.2% this year, a dramatic increase from the 21.4% pace that was predicted just a month ago, according to Bloomberg Intelligence data. Revenues are anticipated to rise 13.4%, up from the 11.5% pace seen in early July. Of course, that level of growth would represent a deceleration from last year, when the Mag Seven's net income rose 36% and revenue gained 14%. But the group continues to outgrow the broader market, which is expected to see earnings expand by 8.9% in 2025 on revenue growth of 5.5%. 'This slowing is understandable given how quickly these names were growing, and for how long,' said Michael Nell, a senior investment analyst and portfolio manager at UBS Asset Management. 'We're not seeing the kind of dramatic deceleration that would be a cause for concern, just a reflection that these large companies can't grow to the sky forever.' Waiting For Nvidia Now investors are waiting on Nvidia, the chipmaker at the heart of the AI boom and the world's biggest company, which is scheduled to release its earnings on Aug. 27. Advanced Micro Devices Inc., its much-smaller rival in AI processors, reports on Tuesday. The bottom line for both is that big tech reaffirmed their intention to continue spending on AI, as Meta, Microsoft, Alphabet and Amazon all increased their plans for capital expenditures. That represents a cluster of encouraging data points for Nvidia, which derives more than 40% of its revenue from those four companies, according to supply chain data compiled by Bloomberg. 'Use cases for AI are emerging and some companies are already seeing a payoff, meaning this isn't speculative anymore,' Nell said. 'That doesn't mean big tech can't get ahead of themselves and pull back, but tech is on an inexorable march to be a larger and larger part of the market. That's been the trend my whole career, and I don't know why it would stop now.' How Podcast-Obsessed Tech Investors Made a New Media Industry Everyone Loves to Hate Wind Power. 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