Reported 26 days ago
As the Federal Reserve prepares to lower interest rates, it may be wise to consider reallocating funds from high-yield savings accounts to long-term bonds to lock in favorable yields. While savings accounts will continue to provide solid returns above inflation for the short term, the anticipated rate cuts may reduce their attractiveness. Financial experts suggest employing tactics like bond laddering to maintain a predictable income stream and encourage rebalancing asset allocations, particularly for those nearing retirement.
Source: YAHOO
Reported 26 days ago
In an informative segment, Yahoo Finance's Julie Hyman emphasizes a critical mistake individuals often make when rolling over their 401(k) investments into an IRA, drawing on recent findings from Vanguard. It's essential for anyone considering this transition to be aware of these pitfalls to avoid potential financial setbacks.
Source: YAHOO
Reported 26 days ago
Recent data from Redfin indicates a positive trend in housing affordability, with the median monthly mortgage payment dropping to $2,588, a 1.3% decrease from last year. This decline coincides with a reduction in the 30-year fixed-rate mortgage interest, now at 6.2%.
Source: YAHOO
Reported 26 days ago
23andMe has agreed to pay $30 million and provide three years of security monitoring to settle a lawsuit that accused the company of failing to protect 6.9 million customers' personal information in a data breach. This settlement addresses claims related to targeted hacking of customers with specific ancestry, and it awaits judicial approval. The breach, which occurred in 2023, exposed sensitive data, leading to significant financial implications for the company, which has struggled with low stock prices.
Source: YAHOO
Reported 26 days ago
As investors look forward to a potential interest rate cut from the Federal Reserve, Katy Kaminski, Chief Research Strategist at AlphaSimplex, highlights sectors like borrowing, real estate, and consumer staples as likely beneficiaries. She notes the shifting debate around the cut's size, emphasizing the significance of this policy change for various sectors and warns about the ongoing concerns surrounding inflation.
Source: YAHOO
Reported 26 days ago
According to the Federal Reserve Bank of St. Louis, Americans' home equity has surged to a record $32 trillion in the first quarter of 2024. Wealth! anchor Alexandra Canal discusses what home equity is, how homeowners can calculate it, and ways to leverage their home equity for financial needs.
Source: YAHOO
Reported 26 days ago
Americans looking to bet on the results of the 2024 elections have encountered another hurdle as a federal appeals court has put a hold on trading political derivatives contracts on Kalshi Inc. The Commodity Futures Trading Commission (CFTC) is contesting a previous court ruling that allowed Kalshi to offer these contracts, arguing it could undermine election integrity. Trading was suspended shortly after it began, and a decision from the appeals court is expected soon.
Source: YAHOO
Reported 26 days ago
Boeing is under pressure as over 30,000 union workers voted to reject a proposed labor contract, leading to concerns among experts about the company's future. Mike Boyd of Boyd Group International emphasizes that Boeing's new CEO, Kelly Ortberg, faces significant challenges beyond the strike, including safety issues and a declining stock. The lack of investment in new products could exacerbate Boeing's troubles, while the labor union's leverage may force Boeing back to the negotiation table for a more favorable agreement.
Source: YAHOO
Reported 26 days ago
As the Federal Reserve prepares to possibly cut interest rates, investors are evaluating whether to invest in high-yield savings accounts or long-term bonds for better returns. Yahoo Finance's Kerry Hannon discusses strategies to consider in light of this upcoming change. For a deeper analysis and updates on market trends, you can watch the full episode of Wealth.
Source: YAHOO
Reported 26 days ago
Warner Bros. Discovery (WBD) has finalized a multi-year distribution agreement with Charter Communications, which will provide Charter customers with separate tiers for Max and Discovery+. This development comes after WBD's unsuccessful attempt to acquire NBA broadcast rights, highlighting its efforts to strengthen its content offering in response to market challenges.
Source: YAHOO
Reported 26 days ago
Salesforce has introduced its Agentforce platform, described as 'the third wave of the AI revolution,' which enables businesses to create AI agents capable of performing multiple tasks and decision-making. CEO Marc Benioff emphasized the collaborative future where humans and AI work together, sparking skepticism from a competitive market primarily dominated by Microsoft. With impressive use cases from companies like Disney and Kaiser Permanente, Salesforce aims to enhance the efficiency of customer service while addressing concerns about data security and ethical AI use.
Source: YAHOO
Reported 26 days ago
If you've just started a job with a 401(k) plan, experts recommend contributing at least enough to receive your employer's full match, typically around 6% of your salary. For beginners, investing in a target date fund is advised for a diversified, long-term strategy. If you have some investment experience, consider ETFs, like one tracking the S&P 500 and another for bonds. Additionally, setting up automatic yearly increases in your contribution can further enhance your retirement savings.
Source: YAHOO
Reported 26 days ago
Following the first presidential debate where Vice President Kamala Harris was perceived as the winner, former President Donald Trump has confirmed that he will not engage in any further debates against her leading up to the election.
Source: YAHOO
Reported 26 days ago
United Airlines has announced a collaboration with Elon Musk's Starlink to provide free in-flight Wi-Fi by late 2025. This initiative will enhance connectivity for passengers, positioning United alongside carriers like JetBlue in offering reliable in-flight internet access.
Source: YAHOO
Reported 26 days ago
Shares of Oracle have surged following an upward revision of its fiscal 2026 forecast, projecting over $104 billion in sales by fiscal 2029. Analyst Alex Zukin highlights Oracle's strength in enterprise infrastructure and its strategic cloud migration capabilities, particularly emphasizing partnerships with other tech giants like AWS that enable customer workload shifts to the cloud, positioning Oracle favorably in the competitive landscape of AI and software development.
Source: YAHOO
Reported 26 days ago
Despite a disappointing fourth quarter forecast, Adobe's fundamentals remain strong, according to Wolfe Research's Alex Zukin. He argues that the market's reaction is an overreaction, and anticipates growth and improved margins as the company monetizes its AI investments, especially in its digital media segment. Zukin highlights Adobe's leadership in generative AI, positioning it just behind Microsoft in delivering return on investment to businesses adopting these technologies.
Source: YAHOO
Reported 26 days ago
Shares of PDD Holdings, the parent company of Temu, dropped following the Biden administration's focus on alleged misuse of US trade loopholes by Chinese online retailers. Other Chinese companies like Alibaba and JD.com also faced stock pressure, while US retailer Etsy saw an increase in shares.
Source: YAHOO
Reported 26 days ago
Boeing factory workers are striking for the first time in 16 years, after nearly 96% of union members rejected a labor agreement. Analyst George Ferguson indicates that the strike is crucial for Boeing's recovery as it hampers deliveries of their key 737 jets. He believes that while the union is demanding better pay and commitments on future projects, the dynamics suggest the strike may not last long. However, if prolonged, it could disrupt the aerospace supply chain and affect airlines reliant on timely deliveries.
Source: YAHOO
Reported 26 days ago
Donald Trump has expressed his support for Elon Musk in spearheading a government efficiency commission, suggesting that an audit of federal spending could uncover significant savings. Critics argue, however, that such claims lack substantial evidence and worry that key services, particularly Social Security and Medicare, could be targets for cuts. Musk himself has warned about America's financial instability and proposed reducing government bureaucracy. Meanwhile, historical attempts to reform government efficiency have had limited success, leading some to question the effectiveness of the proposed commission and its implications for essential social safety nets.
Source: YAHOO
Reported 26 days ago
Over 33,000 Boeing employees have initiated a strike after union members rejected a contract proposed by the company. Meanwhile, Adobe's stock is declining ahead of its fourth-quarter earnings forecast, contrasting with Oracle's stock which is gaining traction within the AI sector. Additionally, US stock futures are showing an upward trend as markets seek to recover from earlier September turbulence.
Source: YAHOO
Reported 26 days ago
In August, U.S. import prices experienced their largest decrease in eight months, attributed mainly to a broad decline in goods costs. This drop coincides with rising consumer sentiment, reaching a four-month high amid expectations of moderating inflation and improving household incomes. However, concerns about the labor market persist, as forecasts indicate a potential rise in unemployment. The Federal Reserve is now expected to ease its policy at the upcoming meeting, highlighting the evolving economic landscape.
Source: YAHOO
Reported 26 days ago
DSV, a Danish logistics company that began with just 10 truckers in 1976, is on the verge of becoming the largest logistics firm globally after agreeing to acquire Schenker for €14.3 billion. This acquisition will boost DSV's workforce to 147,000 and revenue to approximately $43.52 billion, surpassing competitors like DHL Logistics and Kuehne und Nagel in volume and revenue. The expansion stems from a series of strategic acquisitions aimed at solidifying its market position in a highly fragmented global logistics industry.
Source: YAHOO
Reported 26 days ago
Chinese regulators have imposed a six-month business suspension and a record fine of 441 million yuan on PwC’s auditing unit due to their inadequate audit of China Evergrande Group, marking the severest penalty ever for a Big Four firm in China. This incident raises questions about the influence and role of the Big Four accounting firms—PwC, EY, Deloitte, and KPMG—in China's financial landscape, given that they audit 95.1% of the assets of the country's largest state-owned companies and are pivotal in major IPOs.
Source: YAHOO
Reported 26 days ago
Investors in UniCredit are backing CEO Andrea Orcel's strategy to pursue a full takeover of Commerzbank, believing it will enhance shareholder value. With a recently acquired 9% stake in Commerzbank, UniCredit aims to solidify its standing as Germany's leading lender. Analysts predict significant cost savings and improved asset quality from the merger, while Orcel remains patient in negotiations, signaling potential confidence in executing a beneficial deal.
Source: YAHOO
Reported 26 days ago
This Sunday, Trevor Lawrence will appear prominently at the newly branded 'TrEverBank Stadium' as the Jacksonville Jaguars take on the Cleveland Browns. The rebranding is part of a marketing collaboration between Lawrence and EverBank, with signage changes throughout the stadium. Lawrence, who recently became a brand ambassador for EverBank, is featured in various promotional materials, highlighting his connection with the community and the bank's values of performance and excellence.
Source: YAHOO