Reported about 1 month ago
Starting next month, over 3 million retirees affected by the Social Security Fairness Act will see an increase in their Social Security benefits due to a new law signed by President Biden. This law benefits certain retired public service workers, such as teachers and police officers, alongside providing back pay to those eligible. The adjustment, which is separate from the recent cost-of-living increase, aims to rectify previous unfair deductions. However, new requirements for verifying identities online could pose challenges for some seniors in accessing their benefits.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Mitsubishi Motors plans to outsource its electric vehicle production to Taiwan's Foxconn in a bid to reduce costs and accelerate development, according to Kyodo News. As Foxconn seeks to establish partnerships with major Japanese carmakers like Nissan and Honda, Mitsubishi remains open to collaboration while exploring opportunities for sustainable growth. Recent discussions indicate potential software development ties between Mitsubishi, Honda, and Nissan could be announced soon.
Source: YAHOO
Reported about 1 month ago
Hesai, China's leading LiDAR technology supplier, has refuted claims linking it to the Chinese military, following a report from Blue Orca Capital which alleged such connections. Hesai, a key player in the LiDAR market and supplier for various automotive companies, including BYD and Amazon's Zoox, is awaiting a ruling from a U.S. court regarding its inclusion on a Defense Department list of companies suspected of having military ties. The company maintains that it adheres to strict ethical standards and is currently challenging the government's accusations.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Despite Nvidia's significant role in the AI revolution, its stock is down 23% from record highs, leading some investors to consider it a buying opportunity. However, concerns about increasing internal competition, declining profit margins, unfavorable regulatory conditions, tariff impacts, historical tech investment trends, and high valuation suggest caution. This article outlines six key reasons for not investing in Nvidia at this time.
Source: YAHOO
Reported about 1 month ago
UK wage growth has reached its highest level in nine months, with average pay rising 5.9% for the three months ending in January, alongside an increase in employment. This suggests a resilient labor market, which may influence the Bank of England's cautious approach to further interest rate cuts. The rise in pay, particularly in the private sector, coupled with stable unemployment rates, presents a complex picture as businesses may be pressured to raise wages further in 2025, complicating monetary policy decisions amid ongoing inflation concerns.
Source: YAHOO
Reported about 1 month ago
Cigna has finalized the sale of its Medicare business to Health Care Service Corporation (HCSC) for $3.7 billion, allowing HCSC to expand its membership significantly and transitioning Cigna to focus on employer-sponsored insurance. Despite criticism regarding the transaction value, Cigna aims to streamline operations and enhance profitability by exiting a challenging Medicare market.
Source: YAHOO
Reported about 1 month ago
In light of the recent market downturn, many investors are considering undemanding stocks like Meta Platforms (NASDAQ: META), which has dropped about 20% since mid-February. The company, led by Mark Zuckerberg, boasts a vast user base of 3.35 billion daily active users and recently reported impressive financial growth, including record revenue of $164.5 billion in 2024. Despite potential risks from economic shifts and regulatory scrutiny, Meta's solid financial health and commitment to innovation, particularly in artificial intelligence, suggest it may be a wise investment for those looking to buy the dip.
Source: YAHOO
Reported about 1 month ago
Hyundai's CEO, Jose Munoz, expressed confidence in the company's US strategy despite uncertainties regarding President Trump's electric vehicle policies. He emphasized that Hyundai's localization efforts would cushion the impact of potential policy shifts. The automaker is set to open a major factory in Georgia, investing $12.6 billion in the production of electric vehicles and batteries. Munoz highlighted the importance of the US market, where Hyundai sold a record number of vehicles last year, and revealed plans for new EV models in Europe and adaptations for the Chinese market.
Source: YAHOO
Reported about 1 month ago
Air India is reportedly in discussions for a substantial new order of 30 to 40 widebody jets from Airbus and Boeing, potentially exceeding 50 aircraft. This initiative aims to enhance the airline's fleet and market competitiveness amidst growing international passenger traffic from India. While Air India has faced challenges in delivery timelines and modernization efforts under Tata Group, the upcoming Paris Air Show in June may shed more light on these developments.
Source: YAHOO
Reported about 1 month ago
Lawrence Rothman of The Motley Fool shares his conviction that Costco (NASDAQ: COST) is the ideal single stock to buy and hold for long-term growth. Despite the allure of high-flying technology stocks, Costco's straightforward business model and consistent growth in membership and sales make it a standout choice. With a solid valuation, impressive profit growth, and a strong expansion strategy, Costco remains resilient against market volatility, making it a worthy investment for those seeking reliable returns.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Warren Buffett sold two S&P 500 index funds just months before a market correction, following his value investing principles. Despite concerns over high P/E ratios and market valuations, Buffett's historical strategy suggests that he remains confident in finding new investment opportunities. Recently, he also purchased stocks indicating his bullish outlook on consumer spending, underscoring the importance of viewing market dips as potential buying opportunities.
Source: YAHOO
Reported about 1 month ago
Investing in high-dividend stocks like Dollar General and Hershey can be promising despite recent challenges due to economic pressures. Dollar General, a leading discount retailer, maintains a solid dividend yield amidst a slight decline in traffic, thanks to its historical growth potential and plans for margin improvements. Hershey, known for its confectionery brands, faces temporary profitability issues due to high cocoa prices, yet continues to see sales growth and remains committed to sustaining its dividend amidst expected future earnings recovery. Both companies showcase resilience and potential for future gains.
Source: YAHOO
Reported about 1 month ago
Ofcom has recommended that the UK continue fostering competition in fast broadband to achieve full-fibre coverage for 96% of premises by 2027. This includes capping prices for slower connections and allowing high-speed products to remain unregulated for five years starting in 2026. The initiative aims to promote investment in full-fibre networks, particularly in less viable rural areas, following significant progress since regulation changes four years ago.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Palantir Technologies has seen tremendous growth, primarily due to its Artificial Intelligence Platform, boasting a 1,000% increase in stock value. However, its valuation is exceptionally high, trading at 72 times sales. Investors might find better opportunities in Nvidia and C3.ai, both of which offer significant growth potential at attractive valuations. Nvidia, with a price-to-earnings ratio of 27, and C3.ai, trading at just over 7 times sales, could be more appealing choices for constructing a millionaire portfolio.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Russian internet firm VK has announced it will issue additional shares to raise up to 115 billion roubles ($1.36 billion) to alleviate its growing debt, after reporting a nearly threefold rise in net loss for 2024, which hit 94.9 billion roubles. Despite a 23% increase in annual revenue, driven mainly by online advertising, VK's efforts to compete with Western platforms continue to face challenges.
Source: YAHOO
Reported about 1 month ago
Sodexo has reduced its annual growth forecasts, citing slower organic revenue growth in North America, which has led to a significant drop in its share price by over 19%. The company's CEO highlighted challenges in the education and healthcare sectors, resulting in a projected organic revenue growth of just 3% to 4%, below previous estimates. Despite these setbacks, Sodexo aims to maintain a high client retention rate and has reported a half-year net profit of 434 million euros.
Source: YAHOO
Reported about 1 month ago
Source: WSJ