
Coins? Cards? Apps? The hell that is paying for parking in L.A.
He tried to scan the QR code with his phone but the screen was so scratched with graffiti it didn't work. So he sent a text to the number on the 'Pay to Park' sticker below the coin slot. After waiting for a minute and wondering if the text went through, he received a text back with a link to a website. He opened the site on his phone and typed in his credit card number and address. But before he completed the payment, the site alerted him that he would have to pay an additional processing fee just to park for 15 minutes.
'It was only 35 cents, but I was like, 'Forget this, I'll find a stale bagel in the office,' ' Glaeser said.
Finding parking in the L.A. area has long been a struggle, but these days, paying for parking can be just as odious. Depending on whether you're parking in L.A., Santa Monica, Beverly Hills or Pasadena, a meter might ask you to pay with quarters, a credit card, an app or some combination of all three. In public lots, you might need to memorize a zone, space number or license plate and often don't know which one until you get to the pay station. It's enough to make a law-abiding citizen give up, cross her fingers and hope a parking enforcement official doesn't pass by.
As 25-year-old comedy writer Emma Parsons of Palms put it: 'Parking is already one of the things I hate the most. I don't want to spend more time on it.'
People who study parking acknowledge that the proliferation of parking apps and other methods of payments has made the modern experience of paying for parking unusually complicated and frustrating. The two parking apps L.A. city uses — Park Smarter and ParkMobile — do offer useful innovations like alerting drivers when a parking session is about to expire and allowing them to add more time remotely, but when each city in the SoCal area has contracted with a different app that has to be downloaded on the street in order to avoid a ticket, those perks may no longer seem worth it.
Parking apps have been around for more than a decade but researchers say Southern California is still in the early stages of their evolution with a host of providers vying to become the default method of payment for the region. Just as the universal adoption of the USB-C cable has streamlined the ability to charge a variety of devices at home, whether they're made by Apple, Samsung or another company, experts say a single parking app that allows drivers to pay for parking at meters and lots across the region would greatly reduce frustration and increase compliance. They're not advocating for one company to have a monopoly on Southern California's parking meters or for a law that restricts competition, but they say a more uniform system is possible. For instance, Europe's EasyPark app operates in 20 countries and more than 3,200 cities.
'We're a bit behind the curve,' said Mike Manville, professor of urban planning at UCLA and author of the recent paper 'The Causes and Consequences of Curb Parking Management.' 'The apps aren't new, but they haven't quite gotten sorted out to a point where we can see if we are going to get some standardization.'
Tony Jordan of the Parking Reform Network, a nonprofit organization that educates the public about the impact of parking policy on climate change, equity, housing and traffic, said he's hopeful that a more streamlined system will come soon.
'I think we're getting close,' he said. 'The technology is getting there both on enforcement and payment. If we make it through the next couple of years, this problem might get better.'
Los Angeles, home of the nation's first freeway and drive-in church, has long been ambivalent if not downright antagonistic toward paid parking. The city installed its first parking meters in North Hollywood in the summer of 1949 (five cents an hour) but only after the city council rejected three previous attempts to put meters on the streets in 1940, 1942 and 1946. Editorials in this newspaper at the time railed against parking meters, with one declaring it would be 'just as fair to install turnstiles for sidewalk pedestrians.'
The city kept meter prices fixed for 17 years from 1992 until 2008, when it raised prices as high as $4 an hour for metered parking in the most congested areas. The first meters that accepted credit cards were installed in 2010, years after most people had stopped carrying loose change. As the late Donald Shoup, a professor at UCLA and beloved guru of parking studies used to say, the parking meter was one of the few inventions that barely changed from its inception in 1928.
Today the L.A. Department of Transportation operates 35,261 metered spaces, including 32,944 on-street metered spaces and 2,317 off-street metered spaces, said LADOT spokesperson Colin Sweeney. It also manages 11,347 off-street parking spaces in lots and garages. Collectively, those meters and pay stations collected approximately $40 million in the last fiscal year.
Apps to pay for parking were first introduced in L.A. in 2014, and the widespread adoption of contactless options was accelerated due to the pandemic. Despite some drivers' frustrations, the city is now leaning further into mobile payments for parking. Text-to-pay options will be available on all L.A. meters by the end of 2025 and app payment and tap-to-pay will be installed on all L.A.'s parking meters by the end of 2026. At the same time, meters in the L.A. area will continue to accept both coins and cards as well, Sweeney said — as long as the coin slots aren't jammed and the card reader works. (Gleaser should have been able to pay by card at the Larchmont Boulevard meter unless the reader was broken, Sweeney said.)
The agency also plans to install new and improved parking equipment at LADOT parking facilities and improve wayfinding signage to those facilities. According to the LADOT website, there are currently no plans to add Apple Pay to meters.
Parking apps will likely become more intuitive over time as providers work out the kinks and users become more accustomed to them, but for now, Angelenos must navigate the city's parking payment woes as best they can.
Parsons, the 25-year-old comedy writer, has taken to keeping a pill bottle filled with quarters in both her purse and car since moving to L.A. in January because she's found paying for parking with coins easier and quicker than any other method.
'I never carried cash around with me in my life, but I don't want to download an app every time I go somewhere new,' she said. 'It's rare that I have a dollar bill on me but paying for parking with quarters is great. I love it.'
Leah Ferrazzani, who lives in L.A. and works in Pasadena, said she currently has four parking apps on her phone — two for L.A., one for Pasadena and one for USC, where she goes for medical appointments.
'The only one that makes my life easier is the Pasadena one because it is the most user-friendly and because I work here so it's the one I use most often,' she said.
Even the most app-savvy have found the current systems frustrating. Jonathan Badeen, a 43-year-old resident of Sherman Oaks and co-founder of the dating website Tinder recently spent 10 minutes trying to figure out how to pay a meter on Ventura Boulevard when his iPhone couldn't read the QR code on the screen before he eventually gave up. In the end, he spent more time trying to pay for parking than running his errand.
Badeen is glad meters have evolved from the quarters-only era he remembers from his early days in L.A. in the aughts, but he also thinks parking apps aren't making parking easier for anyone.
'Unless the country or city or the whole metro area wants to standardize on something or they slap an Apple Pay on there, I think it's a bad idea,' said the man who invented swipe right. 'And I know something about apps.'
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That's because Intel had promised that its new manufacturing process, 18A, would bring in external customers to its cash-bleeding manufacturing business, which its former CEO Pat Gelsinger launched in 2021. Now, Intel says it will use 18A only for internal products, reaching peak production at the beginning of the next decade, and that it could 'potentially' get 'external customers at some point,' as CFO David Zinsner put it. Meanwhile, Intel also left the future of its successor to 18A, the manufacturing process it calls 14A, unclear and contingent upon it getting an external customer on board. Analysts and former Intel executives said it's crucial for the company to prove it can execute 18A to draw in outside customers to use its manufacturing business in what's known as a foundry. 'We raise concern on future competitiveness of both Products and Foundry, driven by constant roadmap changes, employee churn, as well as reduced investments in future products/nodes — pivotal in l-t [long term] market share and positioning,' Bank of America analyst Vivek Arya wrote. Crypto stocks fall as dollar moves higher Crypto stocks fell Friday — save for Robinhood (HOOD) and PayPal (PYPL). The largest corporate holder of bitcoin, Strategy (MSTR), dropped 2.5%, while crypto exchange Coinbase (COIN) fell 2% and bitcoin miner MARA Holdings (MARA) dipped 2.6%. Riot Platforms (RIOT) declined 3.6%. The moves come as the US Dollar ( strengthens amid news surrounding US trade deals and as President Trump backed off from firing Fed Chair Jerome Powell after an unusual visit to the Federal Reserve. Stocks crawl higher at the open US stocks inched higher, near all-time highs, at the open on Friday after a week of major earnings and trade deals. The Dow Jones Industrial Average (^DJI) ticked up around 0.15%, while the S&P 500 (^GSPC) rose just over 0.1%. The tech-heavy Nasdaq Composite (^IXIC) traded just above the flat line. Dollar gains steam after Trump downplays clash with Fed Chair Powell The US dollar ( strengthened on Friday morning after President Trump downplayed a clash with Federal Reserve Chair Jerome Powell on Thursday that was part of an unusual visit to survey the Fed's building renovations. The visit came after several weeks of Trump criticizing Powell and, at one point, threatening to fire him. Trump told reporters on Friday, "I don't want to be personal" and said that the Fed visit was about helping finish the project. Later, Trump said of firing Powell: "To do that is a big move, and I just don't think it's necessary." Meanwhile, gold futures (GC=F) declined about 1% to trade at $3,341.90 per ounce as concerns about Fed independence eased. Phillips 66 stock rises after beating profit estimates on higher refining margins Phillips 66 (PSX) stock rose about 2.7% in premarket trading after the US refiner reported an adjusted profit of $2.38 per share, beating Wall Street EPS estimates of about $1.71. During the quarter, Phillips 66 returned $906 million to shareholders through dividends and share buybacks. Reuters reports that fuelmakers have seen an unexpected boost in profit from key products in recent months, offering relief as earnings retreated from 2022 highs, driven by a post-pandemic demand rebound and supply disruptions following Russia's invasion of Ukraine. The company's realized margin per barrel rose 12.4% to $11.25 in the quarter from a year ago. Its crude capacity utilization was 98%, while adjusted earnings from its refining segment rose about 30% at $392 million. Health insurer Centene reports surprise quarterly loss Centene's (CNC) stock fell 12% before the bell on Friday after the health insurance company reported a quarterly loss and warned of a revenue slump from government-backed plans. Read more here. Google Search is readying the next generation for AI Alphabet (GOOG, GOOGL) not only posted a stellar quarter, it succeeded in advancing another urgent mission: convincing investors it can transition its search empire into an AI-infused one. Yahoo Finance's Hamza Shaban lays it out in today's Morning Brief: Read more here. Good morning. Here's what's happening today. Economic data: Durable goods orders (June preliminary) Earnings: Charter Communications (CHTR) Here are some of the biggest stories you may have missed overnight and early this morning: Intel stock falls as chipmaker cuts jobs, drops factory plans Google Search is readying the next generation for AI Trump: Australia has agreed to accept American beef Who benefits if Trump drops capital gains tax on home sales Americans are struggling to pay bills and feeling anxious about it Japan pushes back against US view of trade-deal profit split Trump and Powell clash in public — then Trump takes softer tone Amazon scraps plans for $350M cloud facility in Ireland Health insurer Centene's stock falls after surprise Q2 loss Trending tickers: Deckers, Strategy and centene Here are some top stocks trending on Yahoo Finance in premarket trading: Deckers Outdoor corporation (DECK) stock rose 12% before the bell after reporting that its earnings had been boosted by Ugg boots and Hoka running shoes. Net sales for both brands surpassed analysts' estimates in the fiscal first quarter ended June 30. Strategy (MSTR) stock fell over 1% premarket today. Bloomberg reported on Friday how the company launched a new kind of preferred stock and upsized the deal from $500 million to $2.8 billion, according to a person familiar with the transaction who asked not to be identified. Centene (CNC) stock fell 10% in premarket trading after the health insurance company reported a quarterly loss. Intel stock slides amid plans to cut 15% of workforce, cancel factories Intel (INTC) shares slid almost 6% in premarket after the struggling chipmaker said it will cut its workforce and drop plans for factories in Europe as it pursues a comeback. While the company posted a second quarter revenue beat late Thursday, its earnings fell short. Its profit forecast for the current quarter was also more downbeat than hoped: It expects to break even, rather than deliver the $0.04 earnings per share estimated. Yahoo Finance's Daniel Howley reports: Read more here. Oil steady as investors weigh trade optimism against potential Venezuelan supply increase Oil prices climbed overnight Thursday, driven by renewed optimism over global trade negotiations, which bolstered confidence in economic growth and energy demand. The wave of positivity managing to overshadow concerns about a possible increase in Venezuelan oil supply. Reuters reports: Read more here. S&P 500 notches 5th consecutive record, Nasdaq closes at all-time high Stocks notched fresh records on Friday as trade optimism grew, and Trump once again backed off the threat of firing Fed Chair Jerome Powell after an awkward exchange at the Fed headquarters. The S&P 500 (^GSPC) rose 0.4% to close at a record high for a fifth consecutive session. The tech-heavy Nasdaq Composite (^IXIC) also advanced nearly 0.3% to notch a fresh record close. The Dow Jones Industrial Average (^DJI) rose about 0.5%, just about 100 points shy of its own record high. Big Tech players will continue to report earnings next week, including Apple (AAPL), Meta (META), Microsoft (MSFT), and Meta (META). On the trade front, President Trump put the odds of a deal with the EU at a 50-50 chance after clinching an agreement with Japan earlier this week. Trump's deadline for US trade partners to strike trade deals or else face a hike in tariff rates lands next Friday, Aug. 1. Investors will be watching the Fed's two-day policy meeting next week after Trump and Powell had an awkward exchange during the president's visit of the central banks $2.5 billion renovation site on Thursday. Stocks notched fresh records on Friday as trade optimism grew, and Trump once again backed off the threat of firing Fed Chair Jerome Powell after an awkward exchange at the Fed headquarters. The S&P 500 (^GSPC) rose 0.4% to close at a record high for a fifth consecutive session. The tech-heavy Nasdaq Composite (^IXIC) also advanced nearly 0.3% to notch a fresh record close. The Dow Jones Industrial Average (^DJI) rose about 0.5%, just about 100 points shy of its own record high. Big Tech players will continue to report earnings next week, including Apple (AAPL), Meta (META), Microsoft (MSFT), and Meta (META). On the trade front, President Trump put the odds of a deal with the EU at a 50-50 chance after clinching an agreement with Japan earlier this week. Trump's deadline for US trade partners to strike trade deals or else face a hike in tariff rates lands next Friday, Aug. 1. Investors will be watching the Fed's two-day policy meeting next week after Trump and Powell had an awkward exchange during the president's visit of the central banks $2.5 billion renovation site on Thursday. Crypto takes a breather, pulls back following massive rally Bitcoin (BTC-USD) sank 2% to hover above $116,000 per token on Friday, taking a breather from a massive recent rally. Ethereum (ETH-USD) also declined following a massive rally in the world's second-largest cryptocurrency. This rally followed the President's signing of the Genius Act a week ago, legislation aimed at regulating stablecoins, or digital tokens backed by assets like the US dollar and short-term treasuries. Bitcoin (BTC-USD) sank 2% to hover above $116,000 per token on Friday, taking a breather from a massive recent rally. Ethereum (ETH-USD) also declined following a massive rally in the world's second-largest cryptocurrency. This rally followed the President's signing of the Genius Act a week ago, legislation aimed at regulating stablecoins, or digital tokens backed by assets like the US dollar and short-term treasuries. Is AI taking new grads' jobs? Not so fast. Yahoo Finances Emma Ockerman: Read more here. Yahoo Finances Emma Ockerman: Read more here. Speculative frenzy raises risk of stock market downturn: Goldman Sachs Investors beware. With the S&P 500 (^GSPC) at all-time highs, some on Wall Street are warning that a rise in speculative trades could increase the risk of a market pullback. Goldman Sachs analysts said their Speculative Trading Indicator has risen sharply during the past few months. The gauge now sits at its highest level on record, outside of the 1998-2001 dot-com bubble era and 2020-2021 during COVID, though it still remains well below those peaks. The indicator shows an elevated recent share of trading volumes in unprofitable stocks, penny stocks, and stocks with rich valuations compared to revenue. Apart from "Magnificent Seven" heavyweights Nvidia (NVDA) and Tesla (TSLA), some of the stocks with the highest trading volumes over the past month include speculative plays like (BBAI), Lucid (LCID), and Plug Power (PLUG). "The recent rise in speculative trading activity signals near-term upside risk for the broad equity market but also increases the risk of an eventual downturn," Goldman's Ben Snider and his team wrote on Thursday. Read more here. Investors beware. With the S&P 500 (^GSPC) at all-time highs, some on Wall Street are warning that a rise in speculative trades could increase the risk of a market pullback. Goldman Sachs analysts said their Speculative Trading Indicator has risen sharply during the past few months. The gauge now sits at its highest level on record, outside of the 1998-2001 dot-com bubble era and 2020-2021 during COVID, though it still remains well below those peaks. The indicator shows an elevated recent share of trading volumes in unprofitable stocks, penny stocks, and stocks with rich valuations compared to revenue. Apart from "Magnificent Seven" heavyweights Nvidia (NVDA) and Tesla (TSLA), some of the stocks with the highest trading volumes over the past month include speculative plays like (BBAI), Lucid (LCID), and Plug Power (PLUG). "The recent rise in speculative trading activity signals near-term upside risk for the broad equity market but also increases the risk of an eventual downturn," Goldman's Ben Snider and his team wrote on Thursday. Read more here. Oil slides on potential supply increase as US allows Chevron to pump in Venezuela Oil declined on Friday after reports that the US restored permission for oil giant Chevron (CVX) to pump in Venezuela. West Texas Intermediate (CL=F) declined about 1% while Brent (BZ=F) futures slid 0.7% to hover above $68 per barrel. The permission to operate in the sanctioned country appears to be a U-turn from the Trump administration's prior license revocation, aimed at applying pressure on Venezuelan leader Nicolas Maduro. The reinstatement allowing Chevron to resume limited oil production — first reported by Reuters and Bloomberg — followed a deal between Washington and Caracas to release 10 detained Americans in exchange for the repatriation of 250 Venezuelans held in El Salvador. President Trump has expressed his desire to lower energy prices, and Chevron's ability to pump oil there will bring additional supply into the market. For Chevron, the 'development helps remove another uncertainty from what was a long list to start the year,' Rob Thummel, senior portfolio manager at Tortoise Capital, told Yahoo Finance. The recent arbitration ruling in favor of Chevron's right to Hess's oil stake in Guyana as part of a broader acquisition has been a positive catalyst for the company. 'While this latest issue is less material, it still matters — it will generate additional cash flow for investors,' Thummel said. Oil declined on Friday after reports that the US restored permission for oil giant Chevron (CVX) to pump in Venezuela. West Texas Intermediate (CL=F) declined about 1% while Brent (BZ=F) futures slid 0.7% to hover above $68 per barrel. The permission to operate in the sanctioned country appears to be a U-turn from the Trump administration's prior license revocation, aimed at applying pressure on Venezuelan leader Nicolas Maduro. The reinstatement allowing Chevron to resume limited oil production — first reported by Reuters and Bloomberg — followed a deal between Washington and Caracas to release 10 detained Americans in exchange for the repatriation of 250 Venezuelans held in El Salvador. President Trump has expressed his desire to lower energy prices, and Chevron's ability to pump oil there will bring additional supply into the market. For Chevron, the 'development helps remove another uncertainty from what was a long list to start the year,' Rob Thummel, senior portfolio manager at Tortoise Capital, told Yahoo Finance. The recent arbitration ruling in favor of Chevron's right to Hess's oil stake in Guyana as part of a broader acquisition has been a positive catalyst for the company. 'While this latest issue is less material, it still matters — it will generate additional cash flow for investors,' Thummel said. Volkswagen sales show tariff sting German auto giant Volkswagen (VWAGY) is feeling the effects of President Trump's tariff policy, Yahoo Finance's Pras Subramanian reports. Subramanian writes: Read the full story here. German auto giant Volkswagen (VWAGY) is feeling the effects of President Trump's tariff policy, Yahoo Finance's Pras Subramanian reports. Subramanian writes: Read the full story here. Broadcom on track for fresh record as it outperforms 'Magnificent Seven' stocks Broadcom (AVGO) stock was on track to hit another high Friday after closing at a record $288.71 on Thursday, up fractionally to just over $289. Broadcom has largely outperformed the so-called "Magnificent Seven" stocks over the past year, with shares up more than 25% in 2025 and 94% over the last 12 months. Shares also hit an all-time intraday high above $291 on Thursday. So far this year, the only Magnificent Seven stock to outperform Broadcom is Nvidia (NVDA), which is up 30% after a wild turnaround in the first half of the year. On a 12-month basis, Broadcom still takes the lead, with Nvidia shares up 55% in that time frame. While Broadcom's market capitalization still trails most of the Magnificent Seven, its $1.36 trillion market cap is higher than Tesla's (TSLA) roughly $1 trillion market value, as the EV maker has struggled amid CEO Elon Musk's string of controversies and challenged vehicle sales. Broadcom (AVGO) stock was on track to hit another high Friday after closing at a record $288.71 on Thursday, up fractionally to just over $289. Broadcom has largely outperformed the so-called "Magnificent Seven" stocks over the past year, with shares up more than 25% in 2025 and 94% over the last 12 months. Shares also hit an all-time intraday high above $291 on Thursday. So far this year, the only Magnificent Seven stock to outperform Broadcom is Nvidia (NVDA), which is up 30% after a wild turnaround in the first half of the year. On a 12-month basis, Broadcom still takes the lead, with Nvidia shares up 55% in that time frame. While Broadcom's market capitalization still trails most of the Magnificent Seven, its $1.36 trillion market cap is higher than Tesla's (TSLA) roughly $1 trillion market value, as the EV maker has struggled amid CEO Elon Musk's string of controversies and challenged vehicle sales. Charter Communications plummets most in history after Q2 earnings miss Charter Communications stock plummeted as much as 18.5% Friday after the telecom giant — which offers cable TV and internet services through its Spectrum brand — reported second quarter earnings below expectations. That's the biggest drop in the stock's history. The company Friday reported adjusted earnings per share of $9.18, below the $9.82 expected, while revenue of $13.766 billion was marginally below the $13.768 billion expected. The company said in an earnings call Friday morning that it lost 117,000 residential and small business Internet customers in the quarter, compared to about 100,000 in the year ago period. Charter Communications stock plummeted as much as 18.5% Friday after the telecom giant — which offers cable TV and internet services through its Spectrum brand — reported second quarter earnings below expectations. That's the biggest drop in the stock's history. The company Friday reported adjusted earnings per share of $9.18, below the $9.82 expected, while revenue of $13.766 billion was marginally below the $13.768 billion expected. The company said in an earnings call Friday morning that it lost 117,000 residential and small business Internet customers in the quarter, compared to about 100,000 in the year ago period. Wall Street weighs Intel earnings: The 'road to recovery is long & uncertain' Wall Street remained skeptical of Intel (INTC) after the company left the future of its manufacturing business unclear during an earnings call late Thursday. Intel stock dropped Friday despite its financial results beating expectations. 'While the headline numbers look decent vs expectations, we don't think the numbers really mattered all that much,' Bernstein analyst Stacy Rasgon wrote in a note to clients Friday, saying instead that investors are focused on Intel's manufacturing roadmap. Intel, once a leading global chipmaker, has fallen behind its rivals, both with its own products and in its attempt to manufacture chips for outside customers. Truist analyst William Stein said, 'The road to recovery is long & uncertain' for Intel. That's because Intel had promised that its new manufacturing process, 18A, would bring in external customers to its cash-bleeding manufacturing business, which its former CEO Pat Gelsinger launched in 2021. Now, Intel says it will use 18A only for internal products, reaching peak production at the beginning of the next decade, and that it could 'potentially' get 'external customers at some point,' as CFO David Zinsner put it. Meanwhile, Intel also left the future of its successor to 18A, the manufacturing process it calls 14A, unclear and contingent upon it getting an external customer on board. Analysts and former Intel executives said it's crucial for the company to prove it can execute 18A to draw in outside customers to use its manufacturing business in what's known as a foundry. 'We raise concern on future competitiveness of both Products and Foundry, driven by constant roadmap changes, employee churn, as well as reduced investments in future products/nodes — pivotal in l-t [long term] market share and positioning,' Bank of America analyst Vivek Arya wrote. Wall Street remained skeptical of Intel (INTC) after the company left the future of its manufacturing business unclear during an earnings call late Thursday. Intel stock dropped Friday despite its financial results beating expectations. 'While the headline numbers look decent vs expectations, we don't think the numbers really mattered all that much,' Bernstein analyst Stacy Rasgon wrote in a note to clients Friday, saying instead that investors are focused on Intel's manufacturing roadmap. Intel, once a leading global chipmaker, has fallen behind its rivals, both with its own products and in its attempt to manufacture chips for outside customers. Truist analyst William Stein said, 'The road to recovery is long & uncertain' for Intel. That's because Intel had promised that its new manufacturing process, 18A, would bring in external customers to its cash-bleeding manufacturing business, which its former CEO Pat Gelsinger launched in 2021. Now, Intel says it will use 18A only for internal products, reaching peak production at the beginning of the next decade, and that it could 'potentially' get 'external customers at some point,' as CFO David Zinsner put it. Meanwhile, Intel also left the future of its successor to 18A, the manufacturing process it calls 14A, unclear and contingent upon it getting an external customer on board. Analysts and former Intel executives said it's crucial for the company to prove it can execute 18A to draw in outside customers to use its manufacturing business in what's known as a foundry. 'We raise concern on future competitiveness of both Products and Foundry, driven by constant roadmap changes, employee churn, as well as reduced investments in future products/nodes — pivotal in l-t [long term] market share and positioning,' Bank of America analyst Vivek Arya wrote. Crypto stocks fall as dollar moves higher Crypto stocks fell Friday — save for Robinhood (HOOD) and PayPal (PYPL). The largest corporate holder of bitcoin, Strategy (MSTR), dropped 2.5%, while crypto exchange Coinbase (COIN) fell 2% and bitcoin miner MARA Holdings (MARA) dipped 2.6%. Riot Platforms (RIOT) declined 3.6%. The moves come as the US Dollar ( strengthens amid news surrounding US trade deals and as President Trump backed off from firing Fed Chair Jerome Powell after an unusual visit to the Federal Reserve. Crypto stocks fell Friday — save for Robinhood (HOOD) and PayPal (PYPL). The largest corporate holder of bitcoin, Strategy (MSTR), dropped 2.5%, while crypto exchange Coinbase (COIN) fell 2% and bitcoin miner MARA Holdings (MARA) dipped 2.6%. Riot Platforms (RIOT) declined 3.6%. The moves come as the US Dollar ( strengthens amid news surrounding US trade deals and as President Trump backed off from firing Fed Chair Jerome Powell after an unusual visit to the Federal Reserve. Stocks crawl higher at the open US stocks inched higher, near all-time highs, at the open on Friday after a week of major earnings and trade deals. The Dow Jones Industrial Average (^DJI) ticked up around 0.15%, while the S&P 500 (^GSPC) rose just over 0.1%. The tech-heavy Nasdaq Composite (^IXIC) traded just above the flat line. US stocks inched higher, near all-time highs, at the open on Friday after a week of major earnings and trade deals. The Dow Jones Industrial Average (^DJI) ticked up around 0.15%, while the S&P 500 (^GSPC) rose just over 0.1%. The tech-heavy Nasdaq Composite (^IXIC) traded just above the flat line. Dollar gains steam after Trump downplays clash with Fed Chair Powell The US dollar ( strengthened on Friday morning after President Trump downplayed a clash with Federal Reserve Chair Jerome Powell on Thursday that was part of an unusual visit to survey the Fed's building renovations. The visit came after several weeks of Trump criticizing Powell and, at one point, threatening to fire him. Trump told reporters on Friday, "I don't want to be personal" and said that the Fed visit was about helping finish the project. Later, Trump said of firing Powell: "To do that is a big move, and I just don't think it's necessary." Meanwhile, gold futures (GC=F) declined about 1% to trade at $3,341.90 per ounce as concerns about Fed independence eased. The US dollar ( strengthened on Friday morning after President Trump downplayed a clash with Federal Reserve Chair Jerome Powell on Thursday that was part of an unusual visit to survey the Fed's building renovations. The visit came after several weeks of Trump criticizing Powell and, at one point, threatening to fire him. Trump told reporters on Friday, "I don't want to be personal" and said that the Fed visit was about helping finish the project. Later, Trump said of firing Powell: "To do that is a big move, and I just don't think it's necessary." Meanwhile, gold futures (GC=F) declined about 1% to trade at $3,341.90 per ounce as concerns about Fed independence eased. Phillips 66 stock rises after beating profit estimates on higher refining margins Phillips 66 (PSX) stock rose about 2.7% in premarket trading after the US refiner reported an adjusted profit of $2.38 per share, beating Wall Street EPS estimates of about $1.71. During the quarter, Phillips 66 returned $906 million to shareholders through dividends and share buybacks. Reuters reports that fuelmakers have seen an unexpected boost in profit from key products in recent months, offering relief as earnings retreated from 2022 highs, driven by a post-pandemic demand rebound and supply disruptions following Russia's invasion of Ukraine. The company's realized margin per barrel rose 12.4% to $11.25 in the quarter from a year ago. Its crude capacity utilization was 98%, while adjusted earnings from its refining segment rose about 30% at $392 million. Phillips 66 (PSX) stock rose about 2.7% in premarket trading after the US refiner reported an adjusted profit of $2.38 per share, beating Wall Street EPS estimates of about $1.71. During the quarter, Phillips 66 returned $906 million to shareholders through dividends and share buybacks. Reuters reports that fuelmakers have seen an unexpected boost in profit from key products in recent months, offering relief as earnings retreated from 2022 highs, driven by a post-pandemic demand rebound and supply disruptions following Russia's invasion of Ukraine. The company's realized margin per barrel rose 12.4% to $11.25 in the quarter from a year ago. Its crude capacity utilization was 98%, while adjusted earnings from its refining segment rose about 30% at $392 million. Health insurer Centene reports surprise quarterly loss Centene's (CNC) stock fell 12% before the bell on Friday after the health insurance company reported a quarterly loss and warned of a revenue slump from government-backed plans. Read more here. Centene's (CNC) stock fell 12% before the bell on Friday after the health insurance company reported a quarterly loss and warned of a revenue slump from government-backed plans. Read more here. Google Search is readying the next generation for AI Alphabet (GOOG, GOOGL) not only posted a stellar quarter, it succeeded in advancing another urgent mission: convincing investors it can transition its search empire into an AI-infused one. Yahoo Finance's Hamza Shaban lays it out in today's Morning Brief: Read more here. Alphabet (GOOG, GOOGL) not only posted a stellar quarter, it succeeded in advancing another urgent mission: convincing investors it can transition its search empire into an AI-infused one. Yahoo Finance's Hamza Shaban lays it out in today's Morning Brief: Read more here. Good morning. Here's what's happening today. Economic data: Durable goods orders (June preliminary) Earnings: Charter Communications (CHTR) Here are some of the biggest stories you may have missed overnight and early this morning: Intel stock falls as chipmaker cuts jobs, drops factory plans Google Search is readying the next generation for AI Trump: Australia has agreed to accept American beef Who benefits if Trump drops capital gains tax on home sales Americans are struggling to pay bills and feeling anxious about it Japan pushes back against US view of trade-deal profit split Trump and Powell clash in public — then Trump takes softer tone Amazon scraps plans for $350M cloud facility in Ireland Health insurer Centene's stock falls after surprise Q2 loss Economic data: Durable goods orders (June preliminary) Earnings: Charter Communications (CHTR) Here are some of the biggest stories you may have missed overnight and early this morning: Intel stock falls as chipmaker cuts jobs, drops factory plans Google Search is readying the next generation for AI Trump: Australia has agreed to accept American beef Who benefits if Trump drops capital gains tax on home sales Americans are struggling to pay bills and feeling anxious about it Japan pushes back against US view of trade-deal profit split Trump and Powell clash in public — then Trump takes softer tone Amazon scraps plans for $350M cloud facility in Ireland Health insurer Centene's stock falls after surprise Q2 loss Trending tickers: Deckers, Strategy and centene Here are some top stocks trending on Yahoo Finance in premarket trading: Deckers Outdoor corporation (DECK) stock rose 12% before the bell after reporting that its earnings had been boosted by Ugg boots and Hoka running shoes. Net sales for both brands surpassed analysts' estimates in the fiscal first quarter ended June 30. Strategy (MSTR) stock fell over 1% premarket today. Bloomberg reported on Friday how the company launched a new kind of preferred stock and upsized the deal from $500 million to $2.8 billion, according to a person familiar with the transaction who asked not to be identified. Centene (CNC) stock fell 10% in premarket trading after the health insurance company reported a quarterly loss. Here are some top stocks trending on Yahoo Finance in premarket trading: Deckers Outdoor corporation (DECK) stock rose 12% before the bell after reporting that its earnings had been boosted by Ugg boots and Hoka running shoes. Net sales for both brands surpassed analysts' estimates in the fiscal first quarter ended June 30. Strategy (MSTR) stock fell over 1% premarket today. Bloomberg reported on Friday how the company launched a new kind of preferred stock and upsized the deal from $500 million to $2.8 billion, according to a person familiar with the transaction who asked not to be identified. Centene (CNC) stock fell 10% in premarket trading after the health insurance company reported a quarterly loss. Intel stock slides amid plans to cut 15% of workforce, cancel factories Intel (INTC) shares slid almost 6% in premarket after the struggling chipmaker said it will cut its workforce and drop plans for factories in Europe as it pursues a comeback. While the company posted a second quarter revenue beat late Thursday, its earnings fell short. Its profit forecast for the current quarter was also more downbeat than hoped: It expects to break even, rather than deliver the $0.04 earnings per share estimated. Yahoo Finance's Daniel Howley reports: Read more here. Intel (INTC) shares slid almost 6% in premarket after the struggling chipmaker said it will cut its workforce and drop plans for factories in Europe as it pursues a comeback. While the company posted a second quarter revenue beat late Thursday, its earnings fell short. Its profit forecast for the current quarter was also more downbeat than hoped: It expects to break even, rather than deliver the $0.04 earnings per share estimated. Yahoo Finance's Daniel Howley reports: Read more here. Oil steady as investors weigh trade optimism against potential Venezuelan supply increase Oil prices climbed overnight Thursday, driven by renewed optimism over global trade negotiations, which bolstered confidence in economic growth and energy demand. The wave of positivity managing to overshadow concerns about a possible increase in Venezuelan oil supply. Reuters reports: Read more here. Oil prices climbed overnight Thursday, driven by renewed optimism over global trade negotiations, which bolstered confidence in economic growth and energy demand. The wave of positivity managing to overshadow concerns about a possible increase in Venezuelan oil supply. Reuters reports: Read more here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data