Reported 28 days ago
Fifth Third Bancorp (FITB), a finance sector company, has experienced an 18.79% price increase this year and currently offers a dividend yield of 3.42%. With a consistent history of dividend growth, the company has increased its annualized dividend 4 times over the past five years, averaging an 8.55% rise annually. As earnings are projected to grow this fiscal year, FITB represents a solid option for income investors seeking high-growth dividend stocks.
Source: YAHOO
Reported 28 days ago
Honeywell's CEO indicated that the growth of the company's aerospace division in the upcoming year will depend on its ability to supply parts to major clients like Boeing and Airbus, rather than the demand for aircraft parts. Despite strong demand, ongoing shortages of parts and labor continue to hinder the industry's potential growth, a concern echoed by leaders in the aerospace supply sector.
Source: YAHOO
Reported 28 days ago
Recent data from the Bureau of Labor Statistics shows that inflation has reached a three-year low, with prices on common goods such as cell phones, furniture, and used cars experiencing notable decreases. While the overall Consumer Price Index only rose 2.5% year-over-year, leisure and household items showed significant cooldowns. However, costs like restaurant meals and auto insurance remain high, highlighting mixed trends in the current economic climate.
Source: YAHOO
Reported 28 days ago
The latest Consumer Price Index (CPI) report reveals that housing inflation continues to rise, with shelter costs increasing by 0.5% month-over-month in August, surpassing July’s increase of 0.4%. This has surprised economists who anticipated a slowdown in rental price increases. Even with an influx of new apartment supplies, rents only slightly declined. The overall CPI increased by 0.2% month-over-month, remaining consistent with July. Experts believe a more consistent decline in rental prices may occur eventually, though timing remains uncertain.
Source: YAHOO
Reported 28 days ago
With a potential strike by the International Longshoremen’s Association looming, retailers and manufacturers are preparing for significant disruptions to supply chains starting October 1, affecting essential imports through East Coast and Gulf Coast ports. The imminent expiration of the contract covering 25,000 workers raises concerns over timely deliveries, particularly as businesses gear up for the holiday season. Many firms are proactively adjusting their logistics to mitigate a projected multibillion-dollar impact on various sectors.
Source: YAHOO
Reported 28 days ago
The Federal Reserve's regulatory chief has announced substantial revisions to the Basel Endgame draft rule aimed at increasing bank capital, responding to significant pushback from the industry. Key changes include lowering risk-weights for residential real estate loans and expanding preferential treatment to investment-grade entities beyond publicly traded firms. The revision also eliminates certain proposed capital requirements for securities financing transactions and reduces operational risk capital requirements, aligning the new rule with evidence of lower operational losses in investment management. The updated proposal addresses concerns while still imposing stricter regulations on global systemically important banks.
Source: YAHOO
Reported 28 days ago
The U.S. Postal Service is discontinuing discounts for shipping consolidators like UPS and DHL, potentially raising costs for consumers. This shift, which affects around 2 billion packages annually, aims to boost postal revenues and efficiency while addressing recent financial losses. As consolidators may pass increased costs to consumers, the Postal Service emphasizes the need for sustainable financial operations.
Source: YAHOO
Reported 28 days ago
In their first presidential debate, Kamala Harris faced Donald Trump, leading to public opinion favoring Harris as the victor. According to E.J. Dionne, a senior fellow at the Brookings Institution, Harris set a commanding tone early on and maintained an offensive position throughout the debate, while Trump's performance was marred by false statements and diversions. Dionne concluded that it was hard to see the debate in any other light than as an overwhelming win for Harris.
Source: YAHOO
Reported 28 days ago
According to a preliminary estimate by Gallagher Re, insurance losses from Hurricane Francine are projected to remain manageable for the industry, likely in the low single-digit billions. The hurricane, which poses a threat to the Gulf Coast, has led to significant production shutdowns and evacuation orders. The potential financial hit could increase if the storm's trajectory shifts towards more populated areas. These findings may provide reassurance amid concerns over recent weather-related claims.
Source: YAHOO
Reported 28 days ago
Sali Berisha, former Prime Minister of Albania, has been formally charged with corruption linked to a property deal favoring his son-in-law. Berisha, leader of the opposition Democratic Party, claims the charges are politically motivated, describing the investigation as an act of political revenge orchestrated by the current Prime Minister Edi Rama. He has been under house arrest since December, following violations of legal requirements, and he faces potential disqualification from running in the upcoming parliamentary elections if convicted.
Source: YAHOO
Reported 28 days ago
Nippon Steel executives are meeting with U.S. officials, including Treasury and Commerce deputies, in a last effort to secure approval for their $14.9 billion acquisition of U.S. Steel. Concerns about national security have been raised, with business groups urging that political pressures should not influence the Committee on Foreign Investment in the U.S. (CFIUS) review process. Both companies argue the merger could enhance U.S. steel production, amidst growing political opposition from various presidential candidates.
Source: YAHOO
Reported 28 days ago
Falling gasoline prices helped lead to a decrease in the annual inflation rate for August, with gas prices down 10.3% compared to last year. The Consumer Price Index rose by 2.5% compared to 2.9% in July, while the national average for gasoline fell to $3.25 per gallon. The energy index as a whole dropped 0.8% month-over-month, indicating a broader cooling trend in inflation.
Source: YAHOO
Reported 28 days ago
Television shopping channel QVC Inc. has launched exchange offers for its 4.75% and 4.375% senior secured notes due in 2027 and 2028, respectively, aiming to alleviate its debt by pushing out maturities valued at approximately $1 billion. With both notes trading below par, the company's strategy is intended to enhance its credit profile by reducing debt balances and extending maturities. Holders of the 2028 notes will receive new notes due in 2029, while those with 2027 notes will receive a combination of new notes and cash.
Source: YAHOO
Reported 28 days ago
Caroline Ellison, former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, urged a judge to spare her from prison after pleading guilty to fraud related to the $8 billion theft at the FTX exchange. Her lawyers argued that she deserves leniency for cooperating with prosecutors to build a case against Bankman-Fried, who was convicted and sentenced to 25 years for his role in one of the largest financial frauds in U.S. history.
Source: YAHOO
Reported 28 days ago
Goldman Sachs has introduced an ESG stock-picking model that favors companies like coal giant Glencore for their recycling efforts, while advising against investments in major tech firms like Microsoft and Alphabet. The model prioritizes circularity, indicating that companies excelling in waste management and material reuse are better long-term investments. Despite criticism surrounding Glencore's coal operations, Goldman argues that its recycling initiatives position it favorably within ESG frameworks. This approach signifies a growing recognition of the circular economy's importance in sustainable investing.
Source: YAHOO
Reported 28 days ago
U.S. stocks closed higher after a mixed day, with the S&P 500 rising over 1% and the Nasdaq gaining almost 2.2%, led by Nvidia's significant surge following a positive conference. Investors reacted to an inflation report indicating a decrease in consumer price increases, although core prices slightly exceeded expectations, casting doubts on the Federal Reserve's upcoming rate cut plans. Current forecasts lean towards a modest 25 basis point cut next week, down from earlier expectations of a 50 basis point reduction, after inflation results influenced market sentiment.
Source: YAHOO
Reported 28 days ago
As the U.S. stock market grapples with volatility and looming interest rate cuts by the Federal Reserve, investors are turning their attention to high-yield dividend ETFs and stocks offering yields over 5%. This article highlights three ETFs, including the Global X SuperDividend ETF, and three stocks like Barings BDC, known for their solid payouts, to help investors stabilize their portfolios during turbulent market conditions.
Source: YAHOO
Reported 28 days ago
The recent increase in the Consumer Price Index (CPI) shelter index, which rose by 0.5% in August, has been described as 'mysterious' by UBS economist Brian Rose. He indicates that this acceleration in owners' equivalent rent is puzzling as actual lease data peaked nearly two years ago, suggesting a potential lag in CPI reflecting true market conditions. This lag may be extending to 18 months, leading to questions about how the Federal Reserve should interpret this data ahead of its September meeting, especially given that inflation, excluding shelter costs, is much lower at 1.1% year-over-year.
Source: YAHOO
Reported 28 days ago
Russian President Vladimir Putin has urged the government to evaluate the feasibility of capping exports of nickel, uranium, and titanium as a countermeasure against Western sanctions. During a televised meeting, he expressed that while these commodities should be considered for restrictions, they should not negatively impact Russia. Following significant sanctions imposed by the US and EU since Russia's invasion of Ukraine, Putin’s comments suggest potential new limitations on key strategic resources that Russia currently exports.
Source: YAHOO
Reported 28 days ago
Goldman Sachs is meeting with leveraged finance investors to assess their interest in Wayfair's debt offerings as the online furniture retailer seeks to manage upcoming maturities on its convertible bonds. The company is looking to potentially raise up to $1 billion, although details are still being finalized. Wayfair has approximately $870 million in convertible debt due by the end of 2025, and the current stock price casts doubt on a conversion to equity.
Source: YAHOO
Reported 28 days ago
The U.S. Postal Service announced it will discontinue discounted rates for package consolidators as part of a modernization effort. USPS is updating contracts with these companies to better reflect current operational and financial realities, aiming to save approximately $30 billion over the next decade amidst ongoing financial losses.
Source: YAHOO
Reported 28 days ago
Source: INVESTORS
Reported 28 days ago
As interest rates decline and the Federal Reserve prepares to cut rates, dividend-paying stocks are becoming more attractive. This article highlights three stocks—PepsiCo, Target, and Home Depot—that, despite recent underperformance, present solid opportunities for investors seeking dividend income. PepsiCo boasts a robust track record of increasing dividends, Target shows strong digital sales growth, and Home Depot remains a leader in home improvement despite current challenges. Each company continues to generate sufficient free cash flow to support their dividends.
Source: YAHOO
Reported 28 days ago
Cathie Wood, co-founder and CEO of Ark Invest, has recently made notable stock purchases, indicating a potential return to favor for her growth investing strategy. Among her latest acquisitions are Advanced Micro Devices (AMD), which is gearing up for an AI-focused event, DraftKings (DKNG), benefiting from the NFL season kickoff and growing user engagement, and Tempus AI (TEM), a healthcare tech company navigating its market debut. These selections suggest Wood's confidence in their potential for recovery and growth.
Source: YAHOO
Reported 28 days ago
Shares of Manchester United are dropping following disappointing fiscal fourth quarter earnings, while Dave & Buster's stock is gaining after positive second quarter results. Meanwhile, Rentokil Initial is experiencing a decline due to warnings about a profit slowdown.
Source: YAHOO