Reported 16 days ago
President-elect Trump has expressed interest in involving Tesla CEO Elon Musk in his administration, which could have positive implications for Nvidia CEO Jensen Huang. Eric Jackson from EMJ Capital suggests that this connection may benefit Nvidia as the new administration takes shape.
Source: YAHOO
Reported 16 days ago
Stacy Rasgon, a senior analyst at Bernstein, discusses the difficulties the US faces in decoupling its semiconductor industry from China. As former President Trump's proposed tariffs loom, he highlights that while there are strategies to influence the chip sector, complete separation is deemed very challenging. Trump's potential 60% tariff on Chinese imports could indirectly affect semiconductor demand by raising prices on consumer electronics, creating a complex situation for the industry.
Source: YAHOO
Reported 16 days ago
Source: BARRONS
Reported 16 days ago
Block (SQ) shares fell following the company's third-quarter earnings report, which failed to meet investor expectations. Analysts and hosts Julie Hyman and Josh Lipton discussed the stock's reaction and insights on the market's movement in light of these results.
Source: YAHOO
Reported 16 days ago
US stocks concluded their best week of the year, with the S&P 500 briefly hitting 6,000 and the Dow crossing 44,000 for the first time, driven by optimism over President-elect Donald Trump's policies and a Federal Reserve interest rate cut. The market rally saw significant gains, especially in companies like Tesla and Nvidia, although concerns over the impact of new fiscal measures in China added some pressure on stocks.
Source: YAHOO
Reported 16 days ago
The Nasdaq and Dow Jones reached intraday record highs as all major indexes surged in response to Donald Trump's 2024 election win, the Federal Reserve's interest rate cut, and positive consumer sentiment data. The S&P 500 surpassed 6,000 while the Dow briefly exceeded 44,000, marking a significant week for the markets.
Source: YAHOO
Reported 16 days ago
Tesla stock surged to its highest close in over two years, buoyed by optimism surrounding CEO Elon Musk's relationship with President-elect Donald Trump. The stock jumped 29% in just five days, hitting $321.22 on Friday, marking a $1 trillion market cap for Tesla. Factors such as strong Q3 earnings and upcoming product launches have added to the positive sentiment, as investors look favorably on Musk's potential influence in a Trump-led administration.
Source: YAHOO
Reported 16 days ago
Doximity (DOCS) shares saw a significant increase after the company reported its second quarter earnings, surpassing both revenue and profit expectations. The online medical platform generated $136.83 million in revenue, exceeding the forecast of $127.06 million, while adjusted earnings per share were $0.30, higher than the anticipated $0.26. Analysts noted that strategic upselling played a key role in this earnings success.
Source: YAHOO
Reported 16 days ago
Fed Chairman Jerome Powell firmly stated he would not resign under pressure from President-elect Donald Trump, setting the stage for a potential clash over Trump's economic plans. As the Fed continues its easing cycle, Trump's proposals, including extensive tax cuts and tariff hikes, may further influence the economy and the Fed's monetary policy decisions. Powell emphasized the Fed's independence from political pressures, asserting that policy decisions will be based on economic data rather than anticipated fiscal changes.
Source: YAHOO
Reported 16 days ago
Source: INVESTORS
Reported 16 days ago
Source: INVESTORS
Reported 16 days ago
China has sanctioned a substantial 10 trillion yuan ($1.4 trillion) debt package aimed at rejuvenating its struggling economy by allowing local governments to refinance their debts. This includes a borrowing limit of 6 trillion yuan over the next three years to address hidden debts tied to local financing platforms, along with access to 4 trillion yuan in special bonds over five years. Despite hopes for significant economic stimulation, analysts regard this package as insufficient given ongoing challenges such as a slow GDP growth rate of 4.6% and a looming risk of defaults amid high levels of local government debt.
Source: YAHOO
Reported 16 days ago
Cloudflare's stock fell on Friday after reporting a strong third quarter earnings but providing disappointing fourth quarter guidance, while Fortinet's stock surged due to a significant earnings beat and an upward adjustment in its billings forecasts. Market experts discuss the contrasting performance of these two cybersecurity companies.
Source: YAHOO
Reported 16 days ago
Toast Inc. (TOST) saw its stock price jump following the release of its quarterly earnings and an upward revision of its full-year earnings outlook, attracting attention from market analysts Julie Hyman and Josh Lipton.
Source: YAHOO
Reported 16 days ago
Upstart Holdings (UPST) shares surged more than 40% following the company's better-than-expected third-quarter results, which showed a narrower adjusted loss of $0.06 per share. CEO Dave Girouard highlighted AI's role in driving the company into 'growth mode.' The stock has increased over 110% year-to-date.
Source: YAHOO
Reported 16 days ago
In a recent podcast, financial expert Suze Orman addressed a listener, Anna, who felt guilty about her remarkable achievement of earning $1.4 million in a year. Despite her hard work and facing personal challenges, Anna struggles with feelings of unworthiness compared to those in lower-paying professions. Orman and her wife KT reassured Anna that her success is a result of her dedication and encouraged her to celebrate her accomplishments rather than hide them, emphasizing that wealth does not diminish her worth.
Source: YAHOO
Reported 16 days ago
U.S. stocks finished strong on Friday, with the S&P 500 briefly reaching 6,000, marking its best week in a year after Donald Trump's election victory and the Federal Reserve's recent interest rate cut. The Dow Jones exceeded 44,000 for the first time, while Tesla's market cap climbed to $1 trillion amidst a rally influenced by economic optimism. Despite some volatility in the dollar and investor concerns over China's fiscal stimulus, the market celebrated multiple record highs, reflecting optimism about the U.S. economic landscape under the new administration.
Source: YAHOO
Reported 16 days ago
Salesforce Inc. aims to strengthen its sales force by hiring more than 1,000 employees to promote its new generative AI agent product, Agentforce. Launched recently, the product has received positive customer feedback, prompting the hiring surge to leverage its 'amazing momentum.' Salesforce's pivot towards AI agents, which can perform tasks independently, marks a significant shift in its strategy amid efforts to manage sales expenses.
Source: YAHOO
Reported 16 days ago
On November 8, 2024, major stock indexes reached record highs, with the S&P 500 rising 0.6%. Notable movers included Axon Enterprise (+28.2%) and Sweetgreen (-8.7%) after disappointing earnings. Airbnb's shares fell 8% despite revenue growth as their earnings slightly missed expectations. Arista Networks also saw a 7% drop despite reporting better-than-expected profits, attributed to a decrease in their gross margin. Investors are keeping an eye on earnings reports and future projections from these companies.
Source: YAHOO
Reported 16 days ago
The National Highway Traffic Safety Administration (NHTSA) has expressed concerns regarding Tesla's social media posts that may mislead users into believing its Full Self-Driving (FSD) software functions autonomously like a robotaxi. Following an investigation into accidents involving Tesla vehicles utilizing FSD, NHTSA cautioned that such messaging undermines the requirement for driver attention and intervention. Tesla maintains that their communications emphasize the need for driver vigilance.
Source: YAHOO
Reported 16 days ago
Source: INVESTORS
Reported 16 days ago
Alberta has named Ray Gilmour as the interim CEO of its public pension fund manager, Alberta Investment Management Corp (Aimco), following the surprising dismissal of its entire board and CEO. This move comes as the provincial government aims to cut costs and expand its sovereign wealth fund significantly. The government plans to restore trust in Aimco, which has faced criticism for rising operational costs despite underwhelming financial returns.
Source: YAHOO
Reported 16 days ago
A new report by Electric Capital reveals that North America's share of blockchain developers has decreased to 24%, down from 44% in 2015, as Asia's share has risen to 32%, marking it as the leading continent for crypto talent. The report attributes this decline to regulatory challenges in the U.S., highlighting that 81% of crypto developers now reside outside the U.S., which poses a potential national security issue and innovation drain for the country.
Source: YAHOO
Reported 16 days ago
A federal judge has ruled that Meta CEO Mark Zuckerberg is not personally liable in 25 lawsuits claiming that the company has contributed to social media addiction among children. Judge Yvonne Gonzalez Rogers found insufficient evidence linking Zuckerberg directly to allegations of concealment of the mental health risks associated with Facebook and Instagram usage. While the lawsuits will continue against Meta, this decision highlights the difficulty in holding individual executives responsible for corporate actions.
Source: YAHOO
Reported 16 days ago
A U.S. appeals court upheld a ruling that American Airlines' partnership with JetBlue Airways breached federal antitrust laws. The Boston-based court agreed with the U.S. Department of Justice that the 'Northeast Alliance' allowed the airlines to coordinate flights and share revenue, which raised competition concerns. Although American Airlines disagreed with the decision and is considering an appeal to the Supreme Court, JetBlue has since terminated the alliance.
Source: YAHOO