Reported 23 days ago
Sebastien Le Page, a retired copper trader from Glencore, is contemplating a return to the market but is deterred by the heightened compliance and regulatory environment that he believes detracts from the enjoyment of trading. He aims to advise investors and buyers on acquiring copper amid a predicted shortage due to increased demand and underinvestment in new mines, reflecting a growing interest in the metal's future.
Source: YAHOO
Reported 23 days ago
Former President Donald Trump confirmed he is safe following a second assassination attempt, which occurred at the Trump International Golf Club in Florida. Gunshots were reported, leading to an investigation by the FBI. Trump reassured his supporters via email, stating, "I AM SAFE AND WELL! Nothing will slow me down!" This incident follows a similar assassination attempt at a campaign rally earlier this summer.
Source: YAHOO
Reported 23 days ago
This week, the Federal Reserve is expected to announce its first interest rate cut in four years during its crucial September meeting. As the central bank takes steps to ease rates, it will outline its strategy for tackling inflation, which has been its most aggressive effort since the 1980s. Analysts are closely monitoring this pivotal decision.
Source: YAHOO
Reported 23 days ago
This week, several companies are implementing stock splits, including iSpecimen, Zepp Health, and Deckers Outdoor. A stock split increases the total number of shares while maintaining the company's market capitalization, making shares more accessible to retail investors. Notable splits include iSpecimen's one-for-20 reverse split, Zepp Health's change to one-for-16, and Deckers Outdoor's six-for-one forward split, all effective between September 16 and September 19. For a full list, refer to TipRanks’ Stock Splits Calendar.
Source: YAHOO
Reported 23 days ago
U.S. stock futures remain stable as markets anticipate the Federal Reserve's first interest rate cut in four years at an upcoming meeting. TikTok's parent company, ByteDance, is contesting a law that may lead to the app's ban unless sold to a non-Chinese owner. Meanwhile, Google's antitrust trial continues, and the FBI is investigating a second assassination attempt on former President Trump after a recent incident at his golf club in Florida.
Source: YAHOO
Reported 23 days ago
Bristol Myers Squibb (BMY) has recently gained attention as a trending stock, with a slight decline of 0.5% over the past month compared to the S&P 500's 3.7% growth. Analysts predict a challenging fiscal year ahead, with earnings expected to drop significantly. However, the company showed a positive revenue surprise last quarter, and its valuation appears favorable relative to peers. With a Zacks Rank of #3 (Hold), investors should weigh the stock's potential against current market sentiments.
Source: YAHOO
Reported 23 days ago
Joe Lonsdale, co-founder of Palantir Technologies, shares his views on Big Tech, his support for Donald Trump's reelection, and insights on succeeding in business during an interview. As Palantir prepares to join the S&P 500, Lonsdale emphasizes the importance of bold action in the tech industry and reflects on American societal issues.
Source: YAHOO
Reported 23 days ago
Investors are keenly anticipating the Federal Reserve's rate cut announcement, speculating whether it will be by 25 or 50 basis points, as Wall Street's S&P 500 approaches all-time highs. Meanwhile, TikTok's parent company, ByteDance, is set to challenge the constitutionality of a law requiring it to divest its US operations, with a deadline looming for the potential TikTok ban.
Source: YAHOO
Reported 23 days ago
As a soon-to-be 72-year-old facing required minimum distributions (RMDs) from a traditional IRA amid falling stock prices, it's crucial to navigate this situation carefully. You have options to delay your first RMD until April 2024, allowing for potential market recovery, and consider in-kind distributions which enable you to keep your stocks while satisfying tax obligations. Consulting with a financial advisor can provide tailored strategies to avoid realizing losses and manage tax implications effectively.
Source: YAHOO
Reported 23 days ago
Donald Trump is nearing the end of a 180-day lockup period that has prevented him from selling his shares in Trump Media, which owns Truth Social. The lockup ends on September 25, but could conclude as early as September 20 if certain market conditions are met. Trump's stake in the company, currently valued at approximately $2 billion, constitutes over half of his reported net worth of $3.7 billion. Despite a significant drop in stock price, Trump has indicated he may not sell his shares immediately.
Source: YAHOO
Reported 23 days ago
Target announced it will hire about 100,000 seasonal workers to prepare for the holiday shopping season, consistent with its hiring practices over the past three years. Despite expected slow growth in holiday retail sales due to inflationary pressures, the company aims to attract customers by introducing more affordable items and reestablishing its partnership with Marks & Spencer. Seasonal hires will primarily work in stores and supply chain facilities, as the retailer anticipates early shopping and increased demand for discounts.
Source: YAHOO
Reported 23 days ago
Intel lost a critical contract to design and manufacture the chip for Sony's upcoming PlayStation 6 in 2022, which negatively impacted their contract manufacturing ambitions. The bidding process came down to Intel and AMD, with Intel ultimately unable to agree on pricing due to profit-sharing disputes, leading to AMD securing the deal. This loss is particularly significant as Sony's console business typically provides steady revenue and would have boosted Intel's foundry operations amidst challenges in attracting marquee clients.
Source: YAHOO
Reported 23 days ago
Analyst Michael Yee from Jefferies emphasizes Gilead’s potential for growth due to its new HIV prevention drug which recently passed a second Phase 3 study. Despite its stagnant stock performance over the years, Yee argues that this innovative biannual injection could capture a significant market share, transforming Gilead into a strong biotech player amidst the rising popularity of GLP-1 weight-loss drugs.
Source: YAHOO
Reported 23 days ago
Economist Ryan Sweet emphasizes the importance of initiating rate cuts amid a transitioning economy as the Federal Reserve prepares for a likely decision next week. He points out that while the economy has shown robust growth, concerns about a potential recession persist. Ease in interest rates is expected to benefit interest-sensitive sectors such as housing and automobiles.
Source: YAHOO
Reported 23 days ago
Gold prices surged to a record high of $2,589.03 per ounce as investors anticipate the Federal Reserve’s first rate cut in over four years during its upcoming meeting. This increase follows a 3.2% gain last week and is buoyed by a softer US dollar and heightened global geopolitical tensions. Analysts suggest that the magnitude of the rate cut—whether 25 or 50 basis points—will signal the Fed's stance on the economy's health, reinforcing gold's appeal as a non-interest-bearing asset amidst uncertainty.
Source: YAHOO
Reported 23 days ago
With the stock market at record highs, finding high-yield dividend stocks can be challenging. However, Brookfield Renewable Partners, Royalty Pharma, and Bristol Myers Squibb are three solid options with significant dividend increases despite their stock prices dropping over 39%. These companies are positioned for growth in the coming decade, making them appealing choices for long-term investors.
Source: YAHOO
Reported 23 days ago
The anticipation of the Federal Reserve's first interest rate cut in four years is set to influence global markets significantly. Investors are closely monitoring potential impacts on currencies, central bank policies, and economic growth. While U.S. cuts may provide room for easing in emerging markets, uncertainties surrounding the upcoming U.S. election pose additional risks for investors. The dollar's strength could persist despite cuts, impacting international currencies, and various sectors like equities and commodities are expected to react positively to lower rates.
Source: YAHOO
Reported 23 days ago
The Federal Reserve is set to cut interest rates for the first time in four years during its upcoming meeting, marking the end of a stringent inflation-fighting campaign. Analysts predict a quarter-point cut from the current 5.25-5.5% range, with expectations for further cuts continuing into 2025 and 2026, aimed at stimulating economic activity. This decision, influenced by cooling inflation and a softening job market, is highly anticipated by investors, as it will facilitate borrowing costs for consumers and businesses alike.
Source: YAHOO
Reported 23 days ago
Warren Buffett's investment strategy now prioritizes Occidental Petroleum as his top dividend stock, overtaking Bank of America. Despite Bank of America's recent dividend increase, Buffett has reduced his shareholding significantly, leading to an expected dividend income of around $903.8 million from Occidental. This change highlights the impact of economic conditions and Buffett's preference for energy investments amid fluctuating oil prices.
Source: YAHOO
Reported 23 days ago
The US plans to impose new taxes on the import of Chinese goods under $800, increasing uncertainty for companies like Temu and Shein, which have relied on this loophole to thrive in the consumer market. The anticipated crackdown threatens their rapid growth and could reshape the competitive landscape for retailers dependent on affordable imports, such as Amazon.
Source: YAHOO
Reported 23 days ago
During a recent visit by German Chancellor Olaf Scholz to Uzbekistan, the two nations signed a migration deal aimed at facilitating labor mobility and several accords to enhance cooperation in critical areas, such as raw materials and sustainable water use. Scholz emphasized the importance of this collaboration for both countries' economies and discussed ongoing efforts to strengthen ties with Central Asia amid a shift to diversify Germany's energy sources.
Source: YAHOO
Reported 23 days ago
Analysts at Jefferies report that Volkswagen may allocate up to €4 billion ($4.4 billion) for provisions related to planned capacity cuts, expected as early as the fourth quarter. This follows Volkswagen's announcement of possible plant shutdowns in Germany for the first time. The company's restructuring efforts include terminating job security schemes, raising tensions with unions, which may lead to layoffs as part of its strategy to address competitiveness against Asian automakers.
Source: YAHOO
Reported 23 days ago
Apollo Global Management has struck a $1 billion deal with BP to acquire a stake in a crucial natural gas pipeline in the Caspian region, specifically the Trans Adriatic Pipeline. This move allows BP to optimize its resources amid declining oil prices while securing Apollo access to vital gas infrastructure that supports Europe's energy security. The agreement also opens doors for future collaborations, as both companies explore additional investment opportunities in gas and low carbon energy sectors.
Source: YAHOO
Reported 23 days ago
Central Europe is experiencing a devastating rise in flooding, with six confirmed fatalities in Romania, and thousands evacuated in Poland and the Czech Republic. Severe weather, attributed to a storm system combining cold air and warm moisture, has overwhelmed regions, leading to emergency responses and heightened risks, including significant impacts on local economies and infrastructure. As governments scramble to manage the fallout and prepare for further rain, insurers report a surge in claims, indicating that this catastrophic event may have long-lasting ramifications.
Source: YAHOO