Reported 20 days ago
On Election Day, U.S. citizens vote for their leaders, with this year's presidential election heavily influencing freight policies and tariffs that impact the economy. Analysts discussed how the election outcome could significantly alter the freight industry, given that logistics-dependent sectors constitute 32% of the U.S. economy. Key issues include tariffs on imports and differing energy policies proposed by candidates, which will shape the future of freight operations. Meanwhile, labor disputes in Canadian ports may also affect freight movement as they seek resolution.
Source: YAHOO
Reported 20 days ago
NielsenIQ is considering an initial public offering that could value the company at approximately $10 billion, as interest in IPOs is on the rise. The firm, backed by Advent International and KKR, is in discussions with potential advisors for a 2025 listing, although there's no finalized decision yet and it might choose to remain private. NielsenIQ specializes in consumer behavior analysis to help retailers and manufacturers identify growth opportunities.
Source: YAHOO
Reported 20 days ago
2024年美國總統選舉對市場有重大影響，無論副總統卡馬拉·哈里斯或前總統唐納德·特朗普獲勝，市場將可能出現不同的走向。節目主持人Seana Smith和Madison Mills分析各種市場情景，著重指出有潛力表現優異的領域，並探討關鍵資產如金、比特幣及能源股在選舉結果公布後的反應。
Source: YAHOO
Reported 20 days ago
Super Micro Computer Inc., which experienced a significant surge at the start of the year on the wave of AI demand, now faces potential delisting from Nasdaq and removal from the S&P 500 after a tumultuous eight months. Following the resignation of its auditor Ernst & Young due to ethical concerns, the company's stock has plummeted over 75%, and analysts fear it may struggle to meet compliance obligations. As it stands, Super Micro must submit a plan by mid-November to avoid delisting, but challenges arise without clear auditing support.
Source: YAHOO
Reported 20 days ago
Saudi Aramco has lowered its oil prices for December in Asia after OPEC+ announced a delay in production increases. The company will now offer its Arab Light crude at a premium of $1.70 per barrel, down from $2.20. This price cut comes as demand remains weak, particularly in China, and amid concerns over excess supply. OPEC+ has decided to extend output cuts throughout next year, which may not significantly boost prices, and forecasts suggest potential price drops into the $60s by 2025.
Source: YAHOO
Reported 20 days ago
Major U.S. companies could face downgrades from their investment-grade ratings, potentially flooding junk-bond markets with up to $60 billion in debt due to rising inflation and increased operating costs. Barclays anticipates this surge in 'fallen angels'—firms that lose their investment-grade status—could reach the highest level in nearly a decade by 2025, as prominent names like Boeing, Paramount, Warner Bros., and Charter Communications are at risk. While some investors expect the high-yield market to absorb these potential downgrades, the situation remains precarious, raising concerns about the impact on the credit markets.
Source: YAHOO
Reported 20 days ago
Elf Beauty is expected to see nearly 33% revenue growth in its second quarter, contrasting sharply with declining sales reported by major beauty brands like Estee Lauder and L'Oreal. Their popularity stems from a broad distribution across various retail channels, making their budget-friendly products accessible to consumers. Analysts predict Elf's sales will rise to $285.8 million, despite concerns over a slowdown in growth following a significant stock price drop since mid-2022.
Source: YAHOO
Reported 20 days ago
Stellantis CEO Carlos Tavares did not confirm Maserati's previously announced electrification plans during a recent meeting with union representatives, leading to rising concerns about the brand's future. Despite earlier commitments to electrify the lineup by 2028, including the MC 20 sports car, Tavares did not provide specific updates on electric models during his visit to Maserati's Modena plant. The company has previously denied rumors about a potential sale of Maserati but has emphasized the need for profitability.
Source: YAHOO
Reported 20 days ago
Wynn Resorts (WYNN) shares fell significantly on Tuesday after the company reported disappointing third quarter earnings, missing both revenue and profit estimates. The downturn was primarily attributed to declines in key markets, particularly in Macau and Las Vegas, marking the largest intraday drop for the stock in nearly a year.
Source: YAHOO
Reported 20 days ago
This week marked the largest withdrawals from spot bitcoin exchange-traded funds (ETFs) since May, with investors pulling out $541 million primarily due to uncertainty surrounding the U.S. presidential election. Experts suggest that the ambiguous outcome of what many consider a critical election has led to a 'wait-and-see' approach, making risk assets like bitcoin less attractive. Despite bitcoin's significant price growth this year, volatility is expected as the election results approach, with predictions for the cryptocurrency's value to range between $60,000 and $80,000 post-election.
Source: YAHOO
Reported 20 days ago
Ferrari's stock price fell significantly after the company reported a 22% decline in sales in China during the third quarter, coupled with a 29% year-over-year decrease in shipments to mainland China, Hong Kong, and Taiwan. This downturn highlights the luxury automaker's struggles in a key market amid weakened demand.
Source: YAHOO
Reported 20 days ago
As Election Day sees Vice President Kamala Harris or former President Donald Trump poised to become the next U.S. president, market experts highlight two crucial issues that could shape financial trends: debt limit negotiations and tax extension policies. Analysts suggest the U.S. will avoid defaulting on its debt, but unresolved limitations may stress Treasury markets. Additionally, potential changes to state and local tax deductions could depend heavily on decisions made by the upcoming administration.
Source: YAHOO
Reported 20 days ago
Retail trading platforms are alerting users of potential disruptions on Election Day due to expected market volatility. Traders are warned about possible trading suspensions and increased fluctuations, especially as polls close late and with significant financial announcements anticipated shortly after. While some brokerages have not reported issues yet, firms emphasize that investors should maintain their strategies amid the turbulent environment.
Source: YAHOO
Reported 20 days ago
Italy's data protection authority has criticized Intesa Sanpaolo for underestimating a severe data breach involving around 3,500 clients, including Prime Minister Giorgia Meloni. The breach resulted from an employee accessing customer data without authorization. Despite Intesa claiming the number of affected clients was lower than reported, the authority emphasized the high risks posed by the breach to individual rights and demanded immediate notification of affected customers, as well as a review of the bank's security measures.
Source: YAHOO
Reported 20 days ago
The 2024 presidential election is poised to significantly influence US corporate tax rates, with Vice President Kamala Harris advocating for higher rates, while former President Donald Trump seeks to lower them. Analysts discuss how each candidate's victory could affect deductions and overall earnings for both ordinary Americans and S&P 500 companies, highlighting considerations for taxpayers based on potential policy changes.
Source: YAHOO
Reported 20 days ago
In the face of market volatility from the upcoming US election and ongoing Federal Reserve rate easing, Adam Coons from Winthrop Capital Management discusses the appeal of the US bond market for investors. He emphasizes that with current global conflicts and economic pressures, a defensive investment strategy, including increased fixed income allocation, is wise. Coons believes the risk of significantly higher interest rates is low, suggesting that bond prices are likely to appreciate.
Source: YAHOO
Reported 20 days ago
After two years of moving to the suburbs, homebuyers are now returning to urban areas, leading to a shift in housing trends as compared to pre-pandemic times.
Source: YAHOO
Reported 20 days ago
As Election Day unfolds in the U.S., Yahoo Finance's Alexandra Canal analyzes the market implications of a potential victory for Vice President Kamala Harris over former President Donald Trump, focusing on the 'Harris trade' and 'Trump trade' and how specific sectors may respond to the election outcomes.
Source: YAHOO
Reported 20 days ago
With rising student loan debt in the U.S., parents are advised to start saving for their children's college education. Finance expert Daniel Roccato highlights four key savings options: custodial accounts, which are easy to open but give children full control upon adulthood; U.S. savings bonds that offer tax-free interest for educational use but have income limits; Education Savings Accounts (similar to IRAs) that allow tax-free growth with a $2,000 contribution limit per year; and 529 plans that have no contribution limits and permit tax-free growth depending on state regulations.
Source: YAHOO
Reported 20 days ago
Moderna's CEO, Stephane Bancel, is stepping down from his role as chief commercial officer, as reported by Bloomberg News. President Stephen Hoge will assume responsibility for sales along with medical and research affairs, while Bancel will continue his role as CEO. This change follows Bancel's earlier appointment to lead sales and marketing after the departure of the previous commercial officer.
Source: YAHOO
Reported 20 days ago
A late-night crash in Webberville, Michigan, on November 2, 2024, involving a semitruck resulted in four deaths and 17 injuries. The incident occurred when the truck driver failed to notice a line of stopped vehicles, leading to a collision that caused both the truck and several other vehicles to catch fire. The driver and another individual remain hospitalized, while multiple others received treatment. The names of the deceased include a 29-year-old man and three members of a Lansing family.
Source: YAHOO
Reported 20 days ago
As Americans cast their votes on Election Day, Yahoo Finance's Alexandra Canal discusses key market movements, including the Trump and Harris trades influenced by their respective stock performances. Boeing has successfully ended a nearly two-month strike with a new labor contract, while Hims & Hers Health's stock rises after exceeding Q3 earnings estimates and announcing plans for a generic weight-loss drug.
Source: YAHOO
Reported 20 days ago
With the 2024 U.S. presidential election in progress, some investors are optimistic about homebuilder stocks, particularly D.R. Horton and Lennar, should Vice President Kamala Harris secure a victory. The SPDR Homebuilder ETF is seeing gains as market participants speculate on favorable outcomes for the homebuilding sector.
Source: YAHOO
Reported 20 days ago
As the 2024 US presidential election approaches, the upcoming expiration of the Tax Cuts and Jobs Act (TCJA) provisions at the end of 2025 is set to have significant effects on taxpayers, regardless of the election outcome. Jeff Kelson from EisnerAmper emphasizes that this expiration will likely push tax policy to the forefront of legislative discussions, potentially altering state tax exemptions, business deductions, and tax rates. However, changes will not take effect until 2026.
Source: YAHOO
Reported 20 days ago
Ferrari's stock fell 7.36% after the company reported third-quarter results that met expectations but showed a 2% drop in deliveries, largely due to a significant 22% decline in shipments to China. Revenue rose to €1.64 billion ($1.79 billion), with adjusted EPS matching estimates. Despite this delivery slump, Ferrari reaffirmed its positive full-year outlook, anticipating revenue of €6.55 billion ($7.14 billion) for the year, supported by strong demand in other regions and continued interest in high-end models like the Ferrari Purosangue SUV and the Daytona SP3.
Source: YAHOO