Reported 17 days ago
The Federal Reserve is anticipated to reduce interest rates by 25 basis points in its upcoming November meeting. This decision coincides with a hectic week following former President Donald Trump's electoral victory, as various companies including Airbnb and Rivian are set to announce their quarterly earnings. Major guests and financial experts will also share insights during the Yahoo Finance coverage.
Source: YAHOO
Reported 17 days ago
Despite a significant increase in mortgage rates, which have reached 7%, homebuilders maintain a hopeful outlook. Research suggests that homebuilders prefer a stable economic environment with slightly higher rates rather than a volatile market with very low rates. A recent survey indicated that homebuilders are not dependent on political outcomes for their business strategies.
Source: YAHOO
Reported 17 days ago
Mortgage rates have increased for the sixth consecutive week, with the average 30-year fixed rate rising to 6.79%, according to Freddie Mac. This trend comes as experts analyze the impact of a potential second Trump administration on the economy and housing market ahead of the Federal Reserve's interest rate decision.
Source: YAHOO
Reported 17 days ago
As the Federal Reserve considers rate cuts, Lee Baker from Claris Financial Advisors discusses the implications for debts and savings with host Brad Smith. Baker suggests that individuals with credit card debt may benefit from lower rates, while savers should consider locking in current interest rates through certificates of deposit (CDs), as high rates may soon decline.
Source: YAHOO
Reported 17 days ago
The article explains how the cost of living adjustment (COLA) for Social Security benefits is determined. It outlines that COLA is calculated based on the percentage increase in the Consumer Price Index for urban wage earners and clerical workers (CPI-W), as specified in the Social Security Act. The adjustment, if applicable, is rounded to the nearest tenth of a percent, and there was a 3.2% COLA implemented in 2024. The piece features insights from experts discussing various aspects of retirement planning.
Source: YAHOO
Reported 17 days ago
Following Donald Trump's election victory, Steven Madden executives announced plans to quickly reduce product sourcing from China to avoid potential tariffs exceeding 60%. They aim to shift around 40%-45% of their sourcing to countries like Cambodia, Vietnam, Mexico, and Brazil, in anticipation of tariffs that could impact nearly half of their business.
Source: YAHOO
Reported 18 days ago
US Cellular has agreed to sell a portion of its spectrum licenses to AT&T for $1.02 billion as part of its strategy to monetize spectrum assets not included in its previous sale to T-Mobile. This follows an earlier agreement to sell spectrum to Verizon and marks a significant move in U.S. Cellular's plan to optimize its wireless operations.
Source: YAHOO
Reported 18 days ago
Former President Donald Trump, who won the 2024 presidential election, is expected to adopt a favorable stance towards Big Tech due to his connection with Elon Musk. Experts suggest that this could lead to tax cut extensions, reduced regulations, and a less aggressive approach to antitrust oversight. While the stock market reacted positively to Trump's victory, the specific policies and their impacts remain uncertain.
Source: YAHOO
Reported 18 days ago
Following Donald Trump's presidential election victory, stock market analysts are brimming with optimism, predicting significant gains over the next few months. Julian Emanuel from Evercore ISI anticipates the S&P 500 could reach 6,600 by mid-2025, while modifications in regulations and the recent Fed interest rate cuts continue to fuel market enthusiasm. However, concerns linger over potential inflation, which could pose risks for investors in the near future.
Source: YAHOO
Reported 18 days ago
US stocks are near record highs following Trump's election victory, but experts note three key factors driving the rally: seasonal trends favoring stocks post-election, positive economic and earnings cycles, and strong third-quarter performances in financials. The market is showing resilience despite a weak macroeconomic backdrop, with financials and industrials emerging as strong performers, contrasting with the healthcare sector's underwhelming performance.
Source: YAHOO
Reported 18 days ago
Warner Bros. Discovery CEO David Zaslav suggests that a second Trump administration could accelerate media consolidation, offering new opportunities for change in an industry facing significant disruption due to the rise of streaming and decline of traditional TV. Despite strong subscriber growth for its streaming service, the company is grappling with decreasing ad revenue and stock struggles, prompting discussions about strategic operational changes within the organization.
Source: YAHOO
Reported 18 days ago
Warner Bros. Discovery (WBD) reported mixed results for the third quarter, with revenue of $9.62 billion falling short of expectations, but a lower-than-expected loss per share of $0.05. Despite the revenue miss, the stock rose significantly due to impressive streaming subscriber growth, adding 7.2 million globally—its highest quarterly growth since launching the Max streaming service.
Source: YAHOO
Reported 18 days ago
Qualcomm's stock saw a significant rise after surpassing fourth-quarter earnings expectations and forecasting a positive outlook for the current quarter. The company approved a $15 billion stock buyback and has shifted its focus from solely smartphones to a broader diversification strategy, particularly in the automotive sector, which has a $45 billion backlog.
Source: YAHOO
Reported 18 days ago
Nissan is set to cut 9,000 jobs and decrease its production capacity by 20% after revising its full-year profit outlook downward, amidst weakening sales in several of its key models.
Source: YAHOO
Reported 18 days ago
RXO CEO Drew Wilkerson highlighted three essential points from the company's Q3 results: despite revenues of $1.04 billion falling slightly short of expectations, RXO completed a strategic acquisition of Coyote Logistics, is ahead on integration, met EBITDA targets in a tough freight market, and saw strong performance in its additional services. However, he anticipates a subdued peak season as markets move into Q4.
Source: YAHOO
Reported 18 days ago
Applovin's stock has surged nearly 50% after a positive Q4 outlook and a 39% annual sales increase in Q3, while Match Group's shares fell following a 3% drop in paying app customers and a reduced Q4 forecast. Adyen reported a slowdown in transaction volume growth despite a 21% sales increase in Q3.
Source: YAHOO
Reported 18 days ago
Despite an unexpected profit in Q3 2024, driven by higher COVID-19 vaccine sales, analyst Michael Yee warns that 2025 will pose 'fairly challenging' conditions for Moderna due to declining vaccination rates and continued scrutiny within the biotech sector.
Source: YAHOO
Reported 18 days ago
Under Armour shares are rising as the company reports improved expectations for its fiscal 2024 operating loss, now projected at $196 million, a notable improvement from the earlier estimate of $240 million. This positive development is seen as a sign of progress in the company's turnaround efforts amid ongoing challenges in the retail sector.
Source: YAHOO
Reported 18 days ago
The Federal Reserve is expected to announce a 25-basis-point interest rate cut on Thursday at 2 p.m., as investors keep a close eye on the evolving economic data influenced by recent weather events and labor strikes. Additionally, the Federal Open Market Committee is considering potential policy shifts tied to President-Elect Donald Trump's administration. Reporters suggest three key aspects that investors should monitor during Powell's press conference regarding the Fed's decision.
Source: YAHOO
Reported 18 days ago
In the wake of Donald Trump's 2024 election victory, the Nasdaq Composite is leading a rise in US stocks on Thursday morning, despite the Dow Jones Industrial Average experiencing a brief downturn. Market attention is shifting towards the outcome of the Federal Reserve's interest rate decisions during its November meeting, with analysts also focusing on trends in cryptocurrency and big tech stocks.
Source: YAHOO
Reported 18 days ago
The bond market has seen a pause in its sell-off as investors shift their focus from recent election results to the upcoming Federal Reserve rate decision. Allspring Global Investments' Janet Rilling indicated that while electoral clarity is improving, substantive uncertainty remains, particularly concerning economic data and employment figures. She suggested that the Fed might consider further rate cuts if economic conditions persist, emphasizing the need for clearer job reports.
Source: YAHOO
Reported 18 days ago
In a recent episode of Stocks In Translation, economist Peter Borish describes the current state of the U.S. economy as a 'tug of war', influenced by recent Fed rate cuts, fluctuating earnings, and the upcoming U.S. elections. He explains how higher interest rates can lead to deflationary effects on demand, while simultaneously boosting interest in assets like gold and bitcoin. The discussion focuses on the implications for stock markets and offers insights on how to safeguard investments amidst this uncertain environment.
Source: YAHOO
Reported 18 days ago
As the Federal Reserve prepares to announce its interest rate decision for November, U.S. stock futures remain at record highs following the elections. Lyft shares continue to rise amidst a positive fourth quarter outlook, while Qualcomm reports strong earnings and a $15 billion buyback plan. In contrast, Arm Holdings sees a decline despite exceeding second quarter expectations due to a disappointing third quarter outlook.
Source: YAHOO
Reported 18 days ago
Investors on Wall Street are shifting their attention from the recent election to the upcoming Federal Reserve decision on interest rates, with a widely expected cut of 25 basis points. Qualcomm's stock is soaring after the company released Q4 earnings that exceeded analyst expectations and offered optimistic guidance for the current quarter. Other notable stocks in focus include Lyft, Arm Holdings, and MercadoLibre.
Source: YAHOO
Reported 18 days ago
Novo Nordisk's stock experienced a significant drop, reaching a 9-month low after disappointing guidance for 2025 overshadowed strong sales growth of its Wegovy weight-loss drug. Despite an 8% surge the previous day, analyst comments regarding the company's projected sales growth in 2025 contributed to the decline, with shares falling 3% in Copenhagen. The company's stock remains down nearly 30% from its June peak, prompting speculation about market dynamics and hedge fund strategies.
Source: YAHOO