Reported 14 days ago
Tesla's stock has surged over 35% in the last three months, driven by expectations for its Q3 earnings report on October 22, following nearly 500,000 vehicle deliveries in the quarter, a 7% year-over-year increase. Despite the momentum, analysts caution that the stock may be overvalued at 370 times forward earnings, with a consensus 'Hold' rating as competition and the end of EV tax credits pose challenges. Investors are closely watching Tesla's innovative growth initiatives in AI and autonomous driving that could reshape its future.
Source: YAHOO
Reported 14 days ago
Sugar prices are mixed as they consolidate recent losses, with New York sugar showing slight gains while London sugar declines. A forecast of robust global sugar supplies, particularly from Brazil and India, is impacting prices negatively. Brazil's sugar production is rising due to favorable conditions, and India's output is also expected to increase following abundant monsoon rains. Despite recent fluctuations, projections indicate a growing global sugar surplus, putting further pressure on prices.
Source: YAHOO
Reported 14 days ago
Source: WSJ
Reported 14 days ago
Source: BARRONS
Reported 14 days ago
Deel has achieved a valuation of $17.3 billion after raising $300 million in a Series E funding round led by top VCs, including Ribbit Capital and Andreessen Horowitz. Despite ongoing legal issues with competitor Rippling, Deel has maintained profitability and reported over $1 billion in annual recurring revenue, servicing more than 35,000 clients across 150 countries.
Source: YAHOO
Reported 14 days ago
Recent investments in artificial intelligence have sparked mixed opinions on whether the sector is in a bubble, akin to the dotcom era. A Bank of England report highlighted the risk of market correction, while various experts voiced concerns about inflated valuations for AI startups. Some, like Amazon's Jeff Bezos, warned against overzealous funding, whereas others defended the sustainability of AI investments. Despite apprehension, many investors continue to hold onto their AI assets, indicating a complex outlook on the future of AI in the market.
Source: YAHOO
Reported 14 days ago
Freddie Mac reports that the average rate on a 30-year mortgage has fallen to 6.27%, approaching its anticipated low for 2025.
Source: YAHOO
Reported 14 days ago
Mortgage rates fell slightly this week, with the average 30-year rate at 6.27% and the 15-year rate at 5.52%. These movements occur amidst volatility in bond yields influenced by escalating trade tensions between the US and China, as well as delays in economic data release due to a government shutdown. Despite lower rates, home sales have slowed, with a 3% drop in mortgage applications for home purchases.
Source: YAHOO
Reported 14 days ago
Source: BARRONS
Reported 14 days ago
Source: BARRONS
Reported 14 days ago
Salesforce's stock has dropped 26% this year, underperforming amidst the AI boom. However, optimism returned after the company announced ambitious revenue targets during its 2025 Dreamforce conference. The firm's focus on its Data Cloud and AI-driven products suggests potential for increased annual recurring revenue. Despite recent setbacks, including a disappointing forecast, Salesforce is realigning resources and increasing investments to leverage its AI initiatives. If successful, these strategies could lead to a recovery in its stock performance.
Source: YAHOO
Reported 14 days ago
Carriers in Laredo, Texas, are facing increased recruitment difficulties due to a pause on new work visas for foreign drivers and new English proficiency regulations. This situation is straining freight capacity, leading some companies to raise pay rates to attract qualified drivers while grappling with operational changes to meet compliance demands. The broader effects of current immigration enforcement are also disrupting domestic freight lanes, heightening fears among immigrant drivers and inflating freight rates due to supply shortages.
Source: YAHOO
Reported 14 days ago
Andrew Lissimore, operator of Headphones.com, founded Lantern to address customer retention issues he faced while running his audio accessories site. Frustrated with spending on customer acquisition through platforms like Meta and Google, he set out to create a native loyalty solution for Shopify. Lantern now allows businesses to enhance customer loyalty through customizable rewards systems and has already shown success in increasing repeat purchase rates for clients, demonstrating its value in the e-commerce ecosystem.
Source: YAHOO
Reported 14 days ago
The Giorgio Armani group has appointed Giuseppe Marsocci, a luxury veteran with over two decades of experience within the company, as its new CEO following the passing of founder Giorgio Armani at 91. Marsocci's leadership comes at a pivotal moment for the fashion house as it plans to navigate upcoming challenges and potential changes in ownership, while maintaining the brand's legacy of beauty and style.
Source: YAHOO
Reported 14 days ago
Rocket Lab (RKLB) is experiencing significant growth, with its stock rising by 183% year-to-date as it secures new contracts and conducts successful space launches. Despite reporting a loss in its recent earnings report, analysts remain optimistic about the company's future in the competitive space industry. However, the stock's high valuation poses risks, leading to mixed recommendations from analysts regarding its potential as an investment.
Source: YAHOO
Reported 14 days ago
Webull Corp. has announced that it will now offer corporate-bond trading to US customers, allowing them to trade both investment-grade and high-yield bonds for a commission of 0.1% with a minimum fee of $10. Previously, investors could only trade corporate bonds through exchange-traded funds. The company aims to simplify the trading experience and plans to expand its offerings in the future.
Source: YAHOO
Reported 14 days ago
Source: BARRONS
Reported 14 days ago
In a recent discussion, TECHnalysis Research president Bob O'Donnell and Yahoo Finance's Julie Hyman explored the pressing question of when Big Tech's substantial investments in artificial intelligence will lead to profitability. They emphasized that while companies like Microsoft and Apple are making strides in integrating AI into their products, the market's patience and the ability to monetize these innovations remain uncertain. The focus is on how effectively these tools can enhance productivity and create a valuable return on investment in a competitive landscape.
Source: YAHOO
Reported 14 days ago
Nestlé has announced plans to cut approximately 12,000 white-collar jobs globally as part of a cost-saving initiative. The company stated that the layoffs will affect various functions and locations, with the U.S. accounting for about 15% of its workforce. This move highlights a broader trend of companies reducing their white-collar staff, with concerns about economic conditions and the impact of AI driving these decisions.
Source: YAHOO
Reported 14 days ago
Taiwan Semiconductor Manufacturing Co. (TSMC) has reported record quarterly earnings, surpassing analyst expectations, which has driven its stock to an all-time high. The company attributes its growth to increasing demand for AI-related products, with earnings per share reaching $2.92 and revenue up 41% year-over-year to $33.10 billion. TSMC's optimistic revenue forecast for the fourth quarter and the upcoming year reinforces confidence in the semiconductor sector, highlighting a robust demand for chips from major AI companies.
Source: YAHOO
Reported 14 days ago
United Airlines reported mixed third quarter results, beating earnings estimates but slightly missing revenue expectations, leading to stock turbulence. Analyst George Ferguson highlighted that the airline added too much capacity (7%) in a modestly growing economy, resulting in falling yields across all markets—except Africa. He suggested that this oversupply could lead to pressure on fares and indicated the airline might need to adjust capacity quickly to stabilize its performance.
Source: YAHOO
Reported 14 days ago
Hillenbrand Inc. (NYSE:HI) saw its shares increase by 18.20%, closing at $31.31, after announcing a merger with Lone Star Funds for $3.8 billion. The deal, which includes a cash payment of $32 per share, represents a 20% premium over the previous closing price. The transaction is expected to be finalized in the first quarter of 2026, pending necessary approvals.
Source: YAHOO
Reported 14 days ago
Federal Reserve governor Chris Waller expressed support for a quarter percentage point cut to interest rates later this month, while advocating for caution in future adjustments due to conflicting economic signals. He highlighted the uncertainty between strong growth and a weakening labor market, suggesting a delicate approach to policy changes. Waller's remarks come amid ongoing discussions about his potential nomination as Fed chair, with a focus on how upcoming economic data and current labor trends may influence future rate cuts.
Source: YAHOO
Reported 14 days ago
U.S. homebuilder sentiment rose to a six-month high in October, driven by expectations that falling mortgage rates will boost housing demand and alleviate excess inventory. The National Association of Home Builders/Wells Fargo index increased to 37 but remained below the breakeven point for the 18th month. Although lower mortgage rates are improving affordability, many potential buyers are still hesitant due to economic uncertainty. Builders are responding by reducing house prices, with 38% citing price cuts averaging 6%, the largest in a year.
Source: YAHOO
Reported 14 days ago
US stock markets saw declines on Thursday as concerns over a prolonged US-China trade war and loan losses from regional banks weighed heavily on investor sentiment. The Nasdaq Composite dropped 0.5%, the S&P 500 fell by 0.6%, and the Dow Jones Industrial Average also decreased by about 300 points. This downward trend persisted despite a boost from Taiwan Semiconductor Manufacturing Company's impressive earnings report, which helped some tech stocks initially rise.
Source: YAHOO