Reported 17 days ago
In November, investors may want to consider three dividend growth stocks from the utility sector: Brookfield Renewable, NextEra Energy, and American Water Works. Brookfield Renewable stands out with a 5.6% yield and a commitment to renewable energy growth. NextEra Energy combines traditional utility assets with a strong focus on clean energy, targeting a 10% annual dividend growth. American Water Works, though offering a lower yield of 2.2%, presents attractive capital investment opportunities and a compelling growth target of 7% to 9% in dividends, making these stocks worthy of attention.
Source: YAHOO
Reported 17 days ago
S&P 500 futures remain above the 6,000-point mark following Donald Trump's election win, leading to positive momentum in equity markets as investors anticipate potential tax cuts and regulatory changes. While the Federal Reserve's recent rate cut supports the market, concerns about Trump's proposed spending plans and tariffs could impact inflation and future monetary policy. Overall, major indexes closed near record highs, signaling a strong week for the stock market.
Source: YAHOO
Reported 17 days ago
Chinese stocks and the yuan fell following the announcement of a 10 trillion yuan ($1.4 trillion) local government debt refinancing plan, which failed to impress investors. The FTSE China A50 Index futures dropped over 5%, while the yuan weakened in offshore trading. Despite expectations for stronger fiscal measures amid ongoing trade tensions, the initial response indicated disappointment, raising concerns about China's economic growth amidst a potential trade war.
Source: YAHOO
Reported 17 days ago
Boeing CEO Kelly Ortberg announced that the company will repay workers furloughed during a recent strike for lost wages, but will still move forward with cutting about 10% of its global workforce, impacting thousands of salaried employees. Despite resolving the strike with a new contract offering significant pay increases to machinists, Boeing faces ongoing challenges, including nearly $8 billion in losses this year, as it reallocates resources and focuses on core operations. Ortberg emphasized the need for structural changes to enhance competitiveness and long-term value.
Source: YAHOO
Reported 17 days ago
China has introduced a 10 trillion yuan ($1.4 trillion) debt swap program aimed at refinancing local government debt amid economic slowdown risks, especially following Donald Trump's reelection. The initiative, which increases the debt ceiling for local governments and allows them to issue additional bonds, is intended to mitigate hidden debts estimated at 14.3 trillion yuan as of late 2023. This policy follows a trend of supportive measures aimed at stabilizing the economy, which grew only 4.6% in the third quarter, prompting urgency in boosting local investment and consumption.
Source: YAHOO
Reported 17 days ago
The Federal Reserve has reduced its key interest rate by a quarter-point as a response to the ongoing decline in inflation, which has been a significant issue for Americans and influenced Donald Trump's recent presidential election victory.
Source: YAHOO
Reported 17 days ago
Xie Feng, China's new ambassador to the U.S., emphasized that there are no winners in trade wars during a speech in Shanghai, addressing concerns over potential confrontations following Trump's election victory. He argued that the differences between the two nations should foster exchanges instead of conflict, citing collaboration as a path for mutual growth. With the U.S. poised to impose stricter tariffs, Beijing is ready to retaliate if needed, while analysts suggest that even significant tariffs would have a limited effect on China's economy.
Source: YAHOO
Reported 17 days ago
Sony has reported a remarkable 73% increase in its operating profit for the July-September quarter, driven by robust sales in its gaming and network sectors. The company's total operating profit reached 455.1 billion yen, significantly up from 263 billion yen a year prior. Sony has also maintained its profit forecast for the current fiscal year at 1.31 trillion yen.
Source: YAHOO
Reported 17 days ago
Sony Group Corp. has raised its revenue forecast to ¥12.71 trillion ($83.2 billion) due to strong music sales and the success of the video game 'Black Myth: Wukong'. Despite a slowdown in image sensor demand in North America, the company enjoyed a surprising 73% increase in operating profit for the September quarter, bolstered by high PlayStation 5 sales and popular game titles. The company's entertainment division is also thriving in the face of increased streaming popularity, although the movie segment is still recovering from recent industry strikes.
Source: YAHOO
Reported 17 days ago
Cartier owner Richemont experienced a 1% decrease in quarterly sales to 4.81 billion euros, largely due to an 18% decline in the Asia Pacific region, attributed to economic challenges in China. However, growth in markets such as the Americas and Japan helped offset losses. Despite the downturn, Richemont's jewellery sales grew by 4%, indicating resilience in its business strategy, although the watches sector faced a significant 19% decrease.
Source: YAHOO
Reported 17 days ago
In response to the potential return of Donald Trump, China is taking a more measured approach compared to the past, focusing on strengthening alliances, enhancing technological self-reliance, and preparing economic stimulus to counteract possible tariffs. Experts believe that while retaliation may occur, Beijing aims to ease tensions and seek cooperation with the U.S. amid concerns over the impact of higher tariffs on its economy, which is currently more fragile than during the previous trade war.
Source: YAHOO
Reported 17 days ago
Australian states have unanimously supported a national plan to prohibit social media access for children under 16. Prime Minister Anthony Albanese emphasizes the need to protect young people's mental health and safety, setting a legislative approach similar to alcohol sale restrictions. The government aims to establish an age limit across platforms like X, TikTok, Instagram, and Facebook, with a one-year implementation period for compliance. However, the proposal faces criticism over its effectiveness and potential negative implications on children's social interactions.
Source: YAHOO
Reported 17 days ago
Following a surge into 'Trump Trades,' investors are reconsidering their positions as doubts about Donald Trump's ability to implement his proposed tariffs arise. The dollar and treasury yields have stabilized after initial fluctuations, with concerns about the execution of his policies, especially the potential for high tariffs on Chinese goods. While US stocks have seen gains, there's apprehension regarding the broader market's future, particularly concerning Asia's reliance on China's fiscal stimulus in response to Trump's trade ambitions.
Source: YAHOO
Reported 17 days ago
Zhejiang Geely Holding Group, led by billionaire Li Shufu, is negotiating a syndicated loan exceeding €2 billion to refinance debts from its 2018 Volvo AB stake acquisition. This move aligns with Geely's strategy to enhance its upscale product offerings while competing in the electric vehicle market. Despite recent share sales, Geely remains Volvo's second-largest shareholder, with financing talks involving several international banks underway.
Source: YAHOO
Reported 17 days ago
The US government bond market's potential rebound is in doubt as Donald Trump’s anticipated return to power suggests expansive fiscal policies that may limit the Federal Reserve's future rate cuts. Following a recent rate decrease, expectations for further cuts are tempered by concerns that Trump's tax and tariff strategies could lead to quicker economic growth and rising inflation, prompting the Fed to approach rate decisions more cautiously. Consequently, Treasury yields have surged, raising questions on the bond market's recovery amid an increasingly uncertain economic landscape.
Source: YAHOO
Reported 17 days ago
Infowars, founded by conspiracy theorist Alex Jones, is set for a court-ordered auction to help cover a $1 billion defamation judgment owed to Sandy Hook shooting victims' families. Both supporters, including figures like Roger Stone, and opponents aim to bid on the assets, which include the brand name and media archives. If supporters buy Infowars, Jones may remain involved; however, detractors hope to repurpose the platform to counter conspiracy theories. The deadline for bids is imminent, highlighting the ongoing controversy surrounding Jones and his financial struggles.
Source: YAHOO
Reported 17 days ago
Maine voters have approved a referendum limiting individual donations to political action committees (PACs) at $5,000, setting the stage for potential legal challenges regarding super PAC funding in elections. Supporters, including state officials and advocacy groups, believe this initiative aims to reduce the undue influence of money in politics, especially following the U.S. Supreme Court's Citizens United decision which allowed unlimited PAC spending. The law is expected to take effect this winter unless contested in court.
Source: YAHOO
Reported 17 days ago
Savannah Britt and other borrowers face uncertainty about student loan forgiveness after Donald Trump's election win, which has brought a halt to President Biden’s cancellation efforts. Critics of Biden's programs, including Trump, have raised concerns over their effectiveness and availability for borrowers. With Republican-led lawsuits blocking key forgiveness initiatives, borrowers are left anxious about potential monthly payments reinstating soon, while many await clarity on the future of student loans under a new administration.
Source: YAHOO
Reported 17 days ago
As sponsorship deals flourish in NCAA sports, athletes like Jonny Bottorff at Northern Arizona University highlight how the new NIL money-making opportunities haven't significantly changed their lives. While some athletes leverage their brands to secure lucrative endorsements, many still prioritize obtaining a college degree over financial gains. Graduation rates among athletes remain high, with the NCAA reporting a record 91% for Division I schools, underscoring the enduring value of education for these competitors.
Source: YAHOO
Reported 17 days ago
France is seeking to convince Poland to join a coalition against the EU's long-awaited trade deal with Mercosur, due to concerns over its impact on European agriculture. Prime Minister Michel Barnier's cabinet aims to rally support from countries with significant agricultural sectors, as France fears that the pact could undermine local farmers by allowing cheaper South American imports. Despite the ongoing negotiations, securing enough member states to block the deal remains a challenge, especially as countries like Germany support it for economic benefits.
Source: YAHOO
Reported 17 days ago
Gold prices declined as investors reacted to the outlook for US interest rates and the economic plans following Donald Trump's election victory. After a volatile week, gold fell by 0.5% after previously rising 1.8%, with analysts now anticipating fewer rate cuts by the Federal Reserve due to potential inflationary pressures from Trump's policies. Despite recent gains, gold is set for its largest weekly drop since May.
Source: YAHOO
Reported 17 days ago
Cliff Hou, chairman of the Taiwan Semiconductor Industry Association, emphasized the need for Taiwan to invest more in chip technology and supply chain advancements to sustain its global semiconductor dominance, especially after the recent US presidential election. He highlighted the importance of research and development, attracting foreign partnerships, and improving expertise in equipment and materials. Despite the change in US leadership, Hou is confident that Taiwan's strong ties with the US will remain intact, ensuring continued support amidst regional tensions.
Source: YAHOO
Reported 17 days ago
Allegiant Air pilots, represented by the Teamsters union, have voted overwhelmingly (97.4%) to authorize a strike if negotiations for fair compensation and improved scheduling fail. The union represents 1,300 pilots and is currently in mediation with the airline, which has recently reported a decline in revenue.
Source: YAHOO
Reported 17 days ago
A Qantas Airways flight to Brisbane experienced an engine failure shortly after take-off on Friday, resulting in a loud bang and a 'sharp shudder' felt by passengers. The plane, a Boeing 737-800, circled briefly before safely landing back at Sydney Airport. Qantas confirmed a contained engine failure, ensuring internal parts remained housed and posed no risk to the aircraft's main body. The airline is investigating the cause of the incident, while passenger support is being provided.
Source: YAHOO
Reported 17 days ago
Kioxia, a Japanese chipmaker backed by Bain Capital, has filed a registration statement for its initial public offering (IPO) with plans to launch between December 2024 and June 2025. This marks the first use of new rules enabling companies to gauge investor interest prior to obtaining Tokyo Stock Exchange listing approval. Despite recent market volatility and challenges in the memory chip sector, Kioxia aims to capitalize on the growth in chips for artificial intelligence and anticipates a significant operational turnaround.
Source: YAHOO