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
Reported 28 days ago
Following the latest inflation and labor market data, the bond market has adjusted its expectations, now fully pricing in a quarter-point reduction in interest rates by the Federal Reserve during its upcoming policy announcement. This shift underscores a cautious approach to monetary easing, moving away from earlier speculation of a half-point cut. Analysts anticipate that any future rate cuts will depend on economic performance and labor market conditions.
Source: YAHOO
Reported 28 days ago
GameStop's stock price has fallen after the company reported disappointing second-quarter sales that missed expectations. Additionally, the gaming retailer announced a plan to sell up to 20 million shares via an 'at-the-market' offering, further impacting investor confidence and leading to a drop in share prices during pre-market and regular trading hours.
Source: YAHOO
Reported 28 days ago
The latest Consumer Price Index (CPI) report indicates that while shelter inflation remains high, particularly in housing costs, the auto sector is experiencing relief with declines in vehicle prices. The shelter CPI index rose by 0.5% year-over-year, while the annual inflation for new cars remained unchanged, and used car prices dropped by 1% month-over-month in August, marking a notable trend in decreasing auto prices.
Source: YAHOO
Reported 28 days ago
JPMorgan Chase & Co. is reducing its revenue expectations, with President Daniel Pinto expressing skepticism about net interest income forecasts. The stock's movement is further influenced by CEO Jamie Dimon's remarks regarding succession planning, highlighting ongoing market discussions and insights.
Source: YAHOO
Reported 28 days ago
Source: INVESTORS
Reported 28 days ago
The expiration of the Tax Cuts and Jobs Act (TCJA) in 2025 brings significant implications for U.S. tax policy, as outlined by presidential candidates Donald Trump and Kamala Harris. Trump aims to extend all TCJA tax cuts, promoting tax reductions for high-income earners and corporations, while Harris plans to preserve taxes for those earning under $400,000, revert top income tax rates for the wealthiest, and enhance child tax credits. Voters are presented with contrasting tax strategies that could shape the financial landscape for individuals and families going forward.
Source: YAHOO
Reported 28 days ago
The Nasdaq Composite opened higher, while the Dow Jones Industrial Average and S&P 500 indexes fell following the August Consumer Price Index (CPI) data, which aligned with inflation expectations. Market analyst Brad Smith provided insights on the morning's trading movements.
Source: YAHOO
Reported 28 days ago
This article discusses two appealing stocks in Berkshire Hathaway's portfolio: Capital One Financial and Amazon. Capital One stands out for its profitable credit card business and potential growth from a merger with Discover Financial. Meanwhile, Amazon's significant recent sales growth and profitability improvements suggest strong long-term potential in both its retail and cloud sectors. Both stocks are seen as attractive investments but carry distinct risks and reward profiles.
Source: YAHOO
Reported 28 days ago
According to the Bureau of Labor Statistics, US consumer prices rose by 2.5% annually in August 2024, marking the slowest increase since early 2021, down from 2.9% in July. While core inflation remains above the Federal Reserve's target, recent economic indicators suggest an imminent rate cut may happen by the Fed's next policy meeting. The report highlights persistent inflation in shelter and food prices, which may complicate the Fed's decision on the extent of rate cuts.
Source: YAHOO
Reported 28 days ago
Stock futures are down following August's Consumer Price Index, which met expectations with a 0.2% monthly rise and a 2.5% annual increase. Meanwhile, Vice President Kamala Harris and former President Donald Trump clashed in their first debate ahead of the 2024 election, highlighting key issues like the economy and inflation.
Source: YAHOO
Reported 28 days ago
Source: WSJ
Reported 28 days ago
Source: BARRONS
Reported 28 days ago
The August Consumer Price Index (CPI) rose 0.2% month-over-month and 2.5% year-over-year, aligning with economist forecasts. Core CPI increased by 0.3% month-over-month, slightly above expectations. Economists suggest that these trends provide the Federal Reserve with confidence to initiate a 25 basis point rate cut in their upcoming September meeting, marking the optimal starting point for addressing current economic conditions.
Source: YAHOO
Reported 28 days ago
Investors attracted to Palantir's rapid growth may want to consider Innodata and Datadog instead, as both companies are currently trading at more reasonable valuations. Innodata has pivoted towards generative AI services, projecting significant revenue growth, while Datadog continues to expand its customer base and profitability despite a recent slowdown. With their promising outlooks, these stocks may offer better investment opportunities than Palantir's high-price shares.
Source: YAHOO
Reported 28 days ago
In a recent debate, Wall Street strategist Jim Paulsen emphasized the importance of political dynamics in influencing market performance, arguing that having split power among parties in Washington is more beneficial for investors than a single party controlling the government. He believes that a balanced approach across the three branches of government can lead to more favorable market outcomes, touching on critical issues such as recession predictions and Federal Reserve policies.
Source: YAHOO
Reported 28 days ago
The article discusses the author's investment strategy focusing on the Vanguard S&P 500 ETF (VOO), which they frequently invest in due to its historical performance and broad market representation. Conversely, they express caution towards the Vanguard Information Technology ETF (VGT) because of its heavy reliance on three major companies—Apple, Microsoft, and Nvidia—making up nearly half of its assets, thus increasing its risk, especially in a potentially volatile market.
Source: YAHOO
Reported 28 days ago
Donald Trump is nearing the end of a lockup period, allowing him to sell his shares in Truth Social's parent company starting September 19. With nearly 115 million shares valued at around $2 billion, Trump's decision to sell remains uncertain, especially given the recent drop in stock prices, closing at $16.68 after a decline of over 10%. Despite the potential payout, fears about the company's financial struggles and falling stock prices may influence his decision.
Source: YAHOO
Reported 28 days ago
Post-debate, traders are reducing their bets on Donald Trump's prospects for winning the presidency following what many viewed as a loss to Kamala Harris. Shares of Trump Media dropped 14%, while Bitcoin also saw a slight decline. In contrast, green energy stocks rose as speculation grows that Democratic policies could boost renewable funding. Although predictions tilt slightly in favor of Harris, analysts caution against making definitive conclusions, as the election outcome remains uncertain and other economic factors are in play.
Source: YAHOO
Reported 28 days ago
US stocks saw a decline on Wednesday as investors reacted to a fresh inflation report indicating a drop in consumer prices for August. The S&P 500 fell over 1.2%, while the Dow Jones and Nasdaq also experienced losses, as market bets shifted towards a smaller interest rate cut from the Federal Reserve amid mixed economic signals and political developments from the recent Trump-Harris debate.
Source: YAHOO