Reported 20 days ago
As the US election commences, gold prices remain stable near $2,740 an ounce, approaching last week's all-time high. With potential Federal Reserve rate cuts and the likelihood of a contentious election outcome creating uncertainty, gold could be further supported. Analysts suggest a Trump win could drive prices up, while a Harris victory may pressure them down. The overall economic indicators show a resilient job sector, which could influence market dynamics.
Source: YAHOO
Reported 20 days ago
As the 2024 US presidential election between Vice President Kamala Harris and former President Donald Trump unfolds, experts suggest that market dynamics may not significantly change regardless of the winner. A discussion on the historical performance of the S&P 500 under different party presidencies reveals that stock performance may be more influenced by broader economic factors than by individual political outcomes.
Source: YAHOO
Reported 20 days ago
The local chief of Freeport-McMoRan in Chile has highlighted that prolonged delays in reforming the country's mining permit process pose a serious challenge for the mining industry. Despite the government's efforts to streamline these permits and overhaul environmental assessments, progress has stalled, impacting the development of key projects in the leading copper-producing nation. Freeport plans to invest significantly in expanding its El Abra mine, contingent upon obtaining necessary permits.
Source: YAHOO
Reported 20 days ago
Nintendo has lowered its revenue forecast due to decreased demand for its Switch console. Foxconn's October sales growth fell short of expectations, and Saudi Aramco reported a decline in third-quarter profits amid OPEC+ oil production cuts impacting crude oil prices.
Source: YAHOO
Reported 20 days ago
Cathie Wood, CEO of Ark Invest, has recently increased her holdings in three major stocks: Shopify, Meta Platforms, and Coinbase. Despite trailing the overall market in 2024, Wood's investments are showing promise, particularly in Shopify, which has seen a notable recovery and profitability. Meta continues to grow its user base and revenue, though it faces cost concerns, while Coinbase remains a favored play among crypto investors despite mixed financial results. Wood's moves reflect her ongoing confidence in these companies' futures.
Source: YAHOO
Reported 20 days ago
In a recent podcast, billionaire Mark Cuban shared his insight on investments that often lead to financial disaster, particularly emphasizing investments in restaurants, clothing brands, and entertainment. He suggests that these ventures attract individuals with a strong emotional appeal but lack substantial barriers to entry and often result in financial loss. Cuban advises new investors to seek experienced financial advisors who can guide them toward safer, more reliable investment choices such as dividend stocks and real estate.
Source: YAHOO
Reported 20 days ago
US stocks are experiencing an upswing as trading begins on Election Day, with the Nasdaq Composite leading the way. Morning Brief host Seana Smith and Yahoo Finance editor Jared Blikre discuss shifts in Treasury yields, Big Tech stocks, and commodities linked to the election, amid the presidential face-off between Vice President Kamala Harris and former President Donald Trump.
Source: YAHOO
Reported 20 days ago
On Election Day 2024, US stock futures show modest movements as voters head to the polls. Boeing workers have ratified a new contract, ending a two-month strike led by their union. Meanwhile, Palantir's stock soars nearly 17% in pre-market trading following strong third-quarter earnings and increased demand for its AI software.
Source: YAHOO
Reported 20 days ago
In the final days of the 2024 presidential campaign, Donald Trump has unveiled a series of significant economic promises, including imposing blanket tariffs on Mexico and potentially repealing the CHIPS Act, which funds semiconductor investments. These announcements raise concerns among economists about the potential inflationary impacts and the burden on American families, as the tariff proposals could result in increased consumer costs. With the election approaching, these last-minute pledges could influence undecided voters and shift the dynamics of the race.
Source: YAHOO
Reported 20 days ago
The US bond market is experiencing declines as it approaches the Election Day and the Federal Reserve's upcoming meeting, with the 10-year Treasury yield remaining above 4.2%. Analysts note that the volatility and uncertainty in fixed income reflect the impact of fiscal measures following the COVID cycle, creating both a stronger economic base and concerns about rising debt levels.
Source: YAHOO
Reported 20 days ago
In a recent episode of 'Stocks In Translation,' Dr. Trillion Small discusses the intersections of mental health and behavioral finance with hosts Jared Blikre and Sydnee Fried. Dr. Small emphasizes the importance of understanding how our past experiences shape our relationship with money, and how neglecting mental wellness can become maladaptive, even in financially stable circumstances. Through her coaching of various professionals, she reveals that many tie their identity to their financial status and advocates for a more intentional approach to mental wellness.
Source: YAHOO
Reported 20 days ago
In a discussion with Yahoo Finance Executive Editor Brian Sozzi, strategist Larry McDonald highlighted that if Trump wins the presidency, Elon Musk could greatly influence Tesla's agenda, particularly regarding green initiatives. However, McDonald cautioned that investments linked to Trump would be at risk if Kamala Harris were to win, leading him to consider sectors like cannabis, solar, and healthcare as possible investment alternatives.
Source: YAHOO
Reported 20 days ago
Building a strong investment portfolio is crucial for wealth accumulation, and a key part of this is owning stocks. While financial experts suggest considering exchange-traded funds (ETFs) and mutual funds for diversification, those interested in individual stocks should aim for a balanced approach, typically owning between 20 to 30 stocks across various sectors. Combining a mix of funds and a few selected individual stocks can enhance your portfolio's resilience and reduce risk, ultimately helping you achieve your financial goals.
Source: YAHOO
Reported 20 days ago
As the presidential election results capture public attention, financial observers are advised to focus on congressional races, particularly the tight Senate contest in Ohio, as well as economic exit polls reflecting voter sentiment regarding the economy. These elements can significantly impact policy directions and ultimately affect Americans' financial situations.
Source: YAHOO
Reported 20 days ago
As Americans vote in the closely contested 2024 presidential election, Palantir Technologies sees a significant surge in its stock after reporting better-than-expected earnings for the third quarter and optimistic guidance for Q4, highlighting the impact of corporate performance amid political events.
Source: YAHOO
Reported 20 days ago
The Vanguard Dividend Appreciation ETF (VIG), launched in 2006, focuses on large-cap blend stocks and aims to replicate the NASDAQ US Dividend Achievers Select Index. With an expense ratio of just 0.06% and a trailing dividend yield of 1.76%, VIG has gained approximately 15.75% this year and 25.62% over the past year. The fund is heavily invested in the Information Technology sector, with Apple Inc. being its largest holding. For investors seeking to outperform in this segment, VIG presents a solid choice among various competing ETFs.
Source: YAHOO
Reported 20 days ago
Singapore's Keppel has announced its agreement to purchase an AI-ready data centre under development by Mitsui Fudosan, Japan's largest property group, in Tokyo. This strategic move follows Keppel's plan to more than double its data centre funds from S$9 billion to S$19 billion to capitalize on the growing demand in the AI sector. The partnership will see Mitsui Fudosan handle the data centre's core construction, while Keppel's private fund will manage the fit-out, with Keppel also taking on facility management when it opens in 2027.
Source: YAHOO
Reported 20 days ago
Coca-Cola Europacific Partners has reduced its annual sales forecast due to declining beverage demand in Europe and a boycott affecting Indonesia linked to the ongoing Middle East conflict. Despite stable demand for sodas, cautious spending by lower-income consumers has led to a 1.4% decline in beverage volumes in Europe during the third quarter. The company anticipates a growth rate adjustment for comparable annual revenue from 4% down to approximately 3.5% while experiencing a 2.4% increase in adjusted revenue for the third quarter.
Source: YAHOO
Reported 20 days ago
U.S. stocks experienced a notable rally on Election Day, fueled by positive economic data and investor speculation as voting commenced in a fiercely contested presidential election. The Dow Jones, S&P 500, and Nasdaq all posted significant gains, while uncertainty lingered regarding the election's outcome, with the tight race between Donald Trump and Kamala Harris influencing market volatility. Economic indicators, including a slight rise in the non-manufacturing purchasing managers index, pointed to resilience in the economy, yet concerns about potential policy changes and a divided Congress remained on investors' minds.
Source: YAHOO
Reported 20 days ago
Intel has been removed from the Dow Jones Industrial Average, being replaced by Nvidia as a more representative semiconductor company. Although Intel's stock initially rose following their quarterly report, the news of its demotion led to a decline. Historically, companies that leave the Dow have had mixed results, with some outperforming the market over time. Intel's future success will depend on its ability to execute key strategies in the coming quarters, especially in cost-cutting and development of AI technologies.
Source: YAHOO
Reported 20 days ago
A state-sponsored hacking group from China reportedly breached Singapore Telecommunications (SingTel) in June as part of a larger global effort targeting telecoms and critical infrastructure, according to Bloomberg News. The group, identified as Volt Typhoon, was believed to have tested its capabilities for future cyberattacks on U.S. telecoms. SingTel officials stated that while malware was detected, there was no data theft or service disruption. China’s embassy in Washington denied involvement, highlighting opposition to cyberattacks.
Source: YAHOO
Reported 20 days ago
German air-taxi maker Lilium, facing a cash crisis and preparing to file for insolvency, has hired KPMG to explore potential merger and acquisition options following a court's approval for self-administration.
Source: YAHOO
Reported 20 days ago
French digital music company Believe has rejected allegations of copyright infringement made by Universal Music Group (UMG), which is seeking at least $500 million in damages. UMG claims Believe profited from distributing altered copyrighted recordings, including 'sped-up' versions of songs by prominent artists. Believe asserts it takes copyright seriously and plans to contest these allegations, which were filed in a New York court.
Source: YAHOO
Reported 20 days ago
The global demand for diesel is expected to decline by 258,000 barrels a day this year, marking the most significant drop outside the pandemic since 2016. This shift, attributed to weakening industrial activity and factors like a slowdown in construction in China and sluggish sales in India, suggests a potential oversupply of diesel as refinery capacities expand. Analysts indicate that while demand may rebound in 2025, it will not catch up to supply growth, hinting at an ongoing transformation in the diesel market.
Source: YAHOO
Reported 20 days ago
Sweden's EQT AB has made a significant bid of $1.4 billion to take control of OEM International, having already secured 72.5% of shareholder votes needed for the acquisition. The offer stands at 110 kronor per share, notably lower than the previous market value, and aims to consolidate OEM under EQT's ownership. Despite backing from key shareholders, the independent committee of OEM cautioned that the offer is financially unfair and has urged shareholders to hold off on accepting the bid.
Source: YAHOO