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
Reported 28 days ago
The U.S. consumer price index rose by 0.2% in August, marking a smaller year-on-year increase of 2.5%, the lowest since February 2021. While inflation remains above the Federal Reserve's 2% target, the modest CPI data suggests that a half-point rate cut is less likely, with many market analysts now anticipating a 25 basis point cut instead. The report reflects a trend of moderating inflation, leading to discussions around the Fed's future monetary policy shifts, particularly focusing on the labor market.
Source: YAHOO
Reported 28 days ago
The Consumer Price Index (CPI) for August indicated a steady slowdown in consumer inflation, with a 0.2% increase from July and a year-over-year rise of 2.5%, in line with market expectations. Core CPI, excluding food and energy prices, grew by 0.3% from the previous month and 3.2% year-over-year, both matching forecasts. Persistent housing market pressures continue to influence inflation rates.
Source: YAHOO
Reported 28 days ago
The Federal Reserve's target of 2% inflation is designed to manage the economy effectively, promoting maximum employment and price stability. This target allows the Fed to have the flexibility to adjust interest rates as needed, providing a buffer for potential economic downturns. The concept of a 2% inflation target originated in New Zealand and was later adopted by central banks worldwide, including the Fed in 2012. Critics of this target argue it may be too low, potentially hindering economic growth and affecting labor market health, prompting the Fed to review its monetary policy strategies periodically.
Source: YAHOO
Reported 28 days ago
GameStop's shares fell sharply after the company reported a 31% drop in quarterly revenue, raising doubts about its ability to revitalize its business. Despite posting a net profit, the video game retailer's plans to sell up to 20 million shares for funding acquisitions overshadow this positive shift. The company's stock, which had seen significant fluctuations due to the meme stock craze, remains up about 34% year-to-date, but its future remains uncertain following these financial results.
Source: YAHOO
Reported 28 days ago
The Federal Reserve is expected to announce a 25 basis point reduction in interest rates during its upcoming meeting, as policymakers aim to mitigate recession risks while grappling with persistent inflation pressures. Recent data showed consumer prices rose 2.5% in August, indicating a cautious approach towards further rate cuts, with traders now expecting a year-end policy rate between 4.25%-4.50%.
Source: YAHOO
Reported 28 days ago
SentinelOne has appointed Barbara Larson, previously the finance chief at Workday, as its new CFO to replace Dave Bernhardt. The move comes as the cybersecurity firm aims to gain market share following a recent outage at rival CrowdStrike. Larson's extensive experience in finance and the company's increased focus on AI-driven cybersecurity solutions are expected to strengthen its position in the industry.
Source: YAHOO
Reported 28 days ago
Manchester United's new CEO has announced plans to improve the club's on-field and financial performance after reporting a significant net loss of over £113 million for the fiscal year ending in June. This marks the fifth consecutive year of losses for the club, which has been under pressure due to strict financial regulations and poor performance on the pitch. The club aims to comply with financial sustainability rules and strives to return to the top of European football, while embarking on a restructuring plan that includes reducing operational costs.
Source: YAHOO
Reported 28 days ago
Source: BARRONS
Reported 28 days ago
U.S. consumer prices rose 2.5% year-over-year in August, marking the slowest annual inflation rate since early 2021, according to a recent report from the Bureau of Labor Statistics. While the monthly increase was consistent with economists' expectations, core prices, which exclude food and energy, were slightly higher than anticipated. The Federal Reserve is expected to cut interest rates in response to the data, although core inflation remains above the 2% target.
Source: YAHOO
Reported 28 days ago
U.S. consumer prices saw a slight increase of 0.2% in August, with underlying inflation remaining resilient due to heightened rents and service costs. The annual consumer price index (CPI) rose by 2.5%, the lowest since February 2021. Economists suggest this scenario diminishes the likelihood of a significant 50 basis point rate cut by the Federal Reserve, instead favoring a smaller reduction as the labor market shows signs of cooling.
Source: YAHOO
Reported 28 days ago
US inflation has continued to decline for the fifth consecutive month, as the Federal Reserve is preparing to implement interest rate cuts. This trend reflects a significant easing in price pressures, potentially enhancing the economic outlook.
Source: YAHOO
Reported 28 days ago
U.S. bank stocks continued to fall as executives highlighted concerns over a slower recovery in investment banking and reduced interest income due to potential rate cuts. This downturn reflects investor anxiety about the banking industry's resilience amidst broader economic challenges, as banks like JPMorgan, Citigroup, and Bank of America saw notable declines. The cautious outlook from bank leaders overshadowed more optimistic remarks from the Federal Reserve regarding capital requirements.
Source: YAHOO
Reported 28 days ago
Shares of Trump Media & Technology Group, which runs Truth Social, dropped significantly after Donald Trump’s debate against Kamala Harris, falling as much as 18%, marking its largest intraday decline since April. This drop comes amidst a decrease in Trump's chances of winning the upcoming presidential election and is compounded by an impending expiration of a lockup period allowing insiders to sell shares.
Source: YAHOO
Reported 28 days ago
The UK government has announced a new support package for Port Talbot Steelworks workers facing job losses due to a shift towards greener production methods. The package offers improved severance terms and a reskilling program for approximately 2,800 affected employees as Tata Steel plans to replace traditional blast furnaces with a new electric furnace, aiming to significantly cut carbon emissions. Despite the deal being described as 'not ideal', the government commits to further investment in the steel industry, emphasizing its importance in a sustainable economy.
Source: YAHOO
Reported 28 days ago
This article highlights four trustworthy high-yield dividend stocks in the energy sector: Enbridge (dividend yield 6.6%), Chevron (4.6%), Dominion Energy (4.7%), and Kinder Morgan (5.4%). Each of these companies has a strong dividend track record, with Enbridge and Chevron being particularly notable for their years of consecutive payouts. Despite some challenges, such as Dominion Energy’s past dividend cut, analysts expect a rebound in earnings, making these stocks potentially great additions to a dividend-focused portfolio.
Source: YAHOO
Reported 28 days ago
AT&T CEO John Stankey reported stable trends in the wireless sector and notable fiber growth, surpassing previous projections. Although a work stoppage is affecting some installations, it won't significantly impact third-quarter results. The company anticipates capital investments of $21 to $22 billion in 2024, aiming for over $2 billion in cost savings by mid-2026, while maintaining its annual financial guidance for revenue growth.
Source: YAHOO
Reported 28 days ago
Source: INVESTORS
Reported 28 days ago
UK power demand is surging as temperatures dip below last Christmas, with forecasts predicting consumption to rise near 30 gigawatts. London is experiencing a cold front with temperatures dropping to 6C (43F), posing challenges to the energy grid ahead of the heating season. Despite the current cold snap, temperatures are expected to recover later this month.
Source: YAHOO
Reported 28 days ago
Warren Buffett's Berkshire Hathaway has divested $228.7 million worth of shares in Bank of America, continuing to reduce its stake in the company. Between September 6 and September 10, the conglomerate sold approximately 5.8 million shares, bringing its total sales since mid-July to about 174.7 million shares, amounting to $7.19 billion. Berkshire remains the largest shareholder in BofA but must report further sales until its holding drops below 10%, currently at 11.1%.
Source: YAHOO
Reported 28 days ago
Boeing's ongoing financial struggles and issues with safety culture raise legitimate questions about its place in the Dow Jones Industrial Average. The company has not reported an annual profit since 2018, accumulated significant operating losses, and faces federal investigations following safety complaints. As its credit rating nears junk status, analysts suggest that despite Boeing's historical significance, other companies may better represent the index's aim to highlight strong, profitable players in today's economy.
Source: YAHOO