Reported about 2 hours ago
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
Intelligent Alpha has launched an AI-powered exchange-traded fund (ETF) called Intelligent Livermore (LIVR), leveraging three large language AI models—GPT, Claude, and Gemini—to analyze data and emulate successful investors. The ETF targets major investing trends, including AI and global markets, while also incorporating sectors like healthcare. Although AI determines the portfolio composition, a human analyst reviews it to ensure accuracy.
Source: YAHOO
Reported about 3 hours ago
Frank McCourt, the founder of Project Liberty and former owner of the LA Dodgers, aims to acquire TikTok as it faces legal scrutiny over a U.S. ban due to its Chinese parent company ByteDance. McCourt argues that the current control of the app by the Chinese Communist Party poses a national security threat to American users, urging ByteDance to divest from the platform. He proposes to transition TikTok's users to a new platform that empowers them to control their own data and identity, emphasizing that his bid aligns with national security and antitrust regulations.
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
In an interview with Yahoo Finance, Schneider Electric CEO Peter Herweck highlighted the increasing energy demands from AI and the anticipated growth of data centers, which currently account for 1.3 to 2% of global energy consumption, projected to double by 2030. He emphasized the importance of sustainable energy solutions, particularly renewable and non-electric sources, as companies seek efficient locations for their data centers in regions with abundant power and land, including Australia, Japan, Singapore, and parts of Europe.
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
In a recent discussion, Morgan Stanley's Jim Caron suggested that Federal Reserve Chair Jerome Powell 'strong-armed' the committee into a 50-basis-point interest rate cut, reflecting regret over a prior decision not to cut rates in July. While the committee generally agrees on needing further rate cuts in 2024, opinions diverge regarding the outlook for 2025 and 2026. Caron highlighted the dual risks of a rapid rate cut possibly stoking inflation, while insufficient cuts might lead to a more severe economic downturn.
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
In a recent discussion, Evercore ISI’s Julian Emanuel advised investors not to interpret the Federal Reserve's recent rate cuts as the start of a 'new era'. He highlighted that historically, such cuts support equity markets, predicting potential gains into 2025, especially for tech and small-cap stocks. Emanuel cautioned against complacency, emphasizing the uncertainty in macros and AI stock validity, but expressed optimism about AI as a productivity enhancer, bolstered by Microsoft's recent partnership with BlackRock.
Source: YAHOO
Reported about 4 hours ago
Stellantis and Ford are facing renewed labor challenges with the United Auto Workers (UAW), as the union considers strikes over unresolved local contract issues and alleged violations. Ford's tool and die unit could see a strike as early as September 26, while Stellantis is dealing with accusations of breaching agreements related to the reopening of a facility in Illinois. The UAW is preparing to hold strike authorization votes and is pushing for negotiation resolutions amidst a backdrop of uncertainties in the auto industry and the economy.
Source: YAHOO
Reported about 4 hours ago
Evan Seigerman from BMO Capital Markets discusses lucrative biotech investments outside the booming GLP-1 weight-loss drug market. He highlights companies like Regeneron and Vertex, emphasizing Vertex's advancements in cystic fibrosis treatments and partnerships with CRISPR Therapeutics for sickle cell disease therapies. Despite Vertex’s high stock price, the potential for innovative treatments remains strong, presenting an intriguing investment opportunity in the biotech landscape.
Source: YAHOO
Reported about 4 hours ago
Nike has announced the appointment of former executive Elliott Hill as its new CEO, effective October 14, as the company seeks to revitalize its slowing sales amid rising competition. Hill, who previously led Nike's consumer and marketplace division, will replace current CEO John Donahoe, who is retiring. This leadership change comes at a crucial time for Nike, whose stock has seen significant drops this year, emphasizing the need for strategic changes to counter declining revenue and direct-to-consumer sales.
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
Nike has announced the return of Elliott Hill as CEO, succeeding John Donahoe, who is set to retire. Hill, a veteran with a 32-year history at Nike and a key figure in expanding its market presence, will officially take over on October 14. This leadership change follows pressures on sales and competition from rival brands. Analysts are optimistic about Hill's return, believing it could rejuvenate Nike's performance amid current market challenges.
Source: YAHOO
Reported about 4 hours ago
Nike CEO John Donahoe is stepping down, with Elliott Hill taking over as chief executive and president. Hill will also join Nike's board of directors and executive committee. This change in leadership prompts a discussion on Donahoe's tenure and what Hill could bring to the role.
Source: YAHOO
Reported about 5 hours ago
Source: YAHOO
Reported about 5 hours ago
The US stock market surged on Thursday, with the Dow Jones Industrial Average surpassing 42,000 for the first time and both the S&P 500 and Nasdaq Composite achieving record highs after the Federal Reserve announced a substantial 50 basis point rate cut. Investor optimism surrounding the potential for a 'soft landing' for the economy drove significant gains in major tech stocks, including Nvidia, Apple, and Tesla. Analysts predict further rate cuts this year, signaling a hopeful outlook for the markets as jobless claims fell to their lowest level in four months.
Source: YAHOO
Reported about 5 hours ago
Mercedes-Benz Group AG has reduced its full-year sales forecast to between 7.5% and 8.5%, down from 11%, citing declining sales in China as a significant factor influenced by the current economic conditions in the country.
Source: YAHOO
Reported about 5 hours ago
Palantir Technologies has been awarded a $100 million contract to expand access to its AI-powered Maven Smart System, allowing more US military personnel to utilize its advanced digital warfare tools. This system, which integrates US intelligence data and utilizes computer vision algorithms, has been instrumental in military operations, including airstrike targeting in the Middle East. The contract will extend access to all branches of the US military, marking a significant step in modernizing their operational capabilities.
Source: YAHOO
Reported about 5 hours ago
Donald Trump announced he would not sell his stock in his social media venture, Truth Social. However, starting Thursday, he technically can, following the expiration of a six-month lockup period. While he asserted his intention to hold on to the shares, the stock has experienced significant volatility, dropping over 60% since its public debut. Trump's firm has faced scrutiny following a net loss report and fluctuating market value.
Source: YAHOO
Reported about 5 hours ago
FedEx has reported a disappointing first-quarter profit and reduced its full-year revenue forecast due to a drop in demand for its priority delivery services. The company's stock fell nearly 10% after it revealed that profits have been pressured by a trend of customers opting for less expensive shipping options, leading to restructuring efforts and significant cost-cutting measures. FedEx also expects challenges from losing a major contract with the USPS, which is anticipated to impact revenues by $500 million.
Source: YAHOO