Reported 21 days ago
U.S. stock markets are facing significant pressure ahead of the presidential election, compounded by anticipation of the Federal Reserve's interest rate decision this week. Meanwhile, new Starbucks CEO Brian Niccol shares his insights on the company's future during an interview with Yahoo Finance, while Nvidia's stock fluctuates following the news of its upcoming inclusion in the Dow Jones Industrial Average.
Source: YAHOO
Reported 21 days ago
US equity funds experienced their largest weekly outflows in over a month, totaling $5.83 billion, amid market volatility and anticipation of the Federal Reserve's interest rate decision. Investors are closely monitoring stocks related to Trump and Harris trades ahead of Election Day. Additionally, Southwest Airlines appointed Rakesh Gangwal as its new board chair.
Source: YAHOO
Reported 21 days ago
Source: YAHOO
Reported 21 days ago
The southern US is set to surpass Canada in softwood lumber capacity for the first time since at least 1970, largely due to increasing US tariffs on Canadian lumber and challenges faced by Canadian producers. With import duties raised by nearly 81% and the potential for further increases, the Canadian lumber sector, particularly in British Columbia, is under severe strain. This shift highlights the impact of trade policies on industry dynamics, positioning the US region as a growing competitor while Canada’s lumber industry struggles to maintain its long-standing dominance.
Source: YAHOO
Reported 21 days ago
Plug Power's stock surged nearly 20% after the Federal Energy Regulatory Commission rejected a proposal to increase power capacity from a nuclear plant to supply energy to an Amazon data center. This development sparked investor interest in Plug Power's potential to contribute to the growing demand for data center energy through its hydrogen production efforts. However, the company is still navigating profitability challenges in the hydrogen market.
Source: YAHOO
Reported 21 days ago
Franklin Resources Inc. saw its shares drop by 7.7% following a report from the Commodity Futures Trading Commission regarding an investigation into Western Asset Management Co. The firm has experienced $53 billion in outflows since it was revealed that Co-Chief Investment Officer Ken Leech is under investigation for potentially favoring certain clients in trading practices. This news came as Franklin reported disappointing earnings, further alarming investors amid ongoing federal inquiries.
Source: YAHOO
Reported 21 days ago
November is a crucial month for stocks due to the intersection of pre-election volatility and seasonal trends, as explained by Yahoo Finance's Jared Blikre. This month marks the beginning of a historically profitable period for equities that lasts until April, influenced by investor sentiments and strategies observed in the market.
Source: YAHOO
Reported 21 days ago
Dock employers in British Columbia initiated a lockout on Monday after a union announced a potential strike, halting trade at Canada's busiest ports. The move affects a variety of freight activities and is expected to disrupt C$800 million in trade daily. This action follows a history of labor disputes in the region, which have previously caused significant economic impacts.
Source: YAHOO
Reported 21 days ago
As the presidential election approaches, many Americans are resorting to 'doom spending'—shopping to cope with anxiety about economic uncertainties. A survey revealed that 27% of respondents engage in this behavior, driven by stress over the election and overall economic concerns. This trend is particularly evident among younger generations, who face mounting debt and financial instability. While this spending may provide temporary relief, it raises concerns about the long-term financial implications for individuals who are already struggling.
Source: YAHOO
Reported 21 days ago
The National Association of Realtors (NAR) reports that the share of first-time homebuyers has dropped to a historic low of 24% of sales, marking the lowest level since tracking began in 1981. Despite this downturn, research VP Jessica Lautz notes that first-time buyers are older, with a median age of 38, and have higher incomes. Looking ahead, there are signs of improvement with lower interest rates and increased housing inventory, potentially encouraging more first-time buyers in the future.
Source: YAHOO
Reported 21 days ago
Source: BARRONS
Reported 21 days ago
In response to a sluggish mortgage market, Rocket Mortgage has launched a new initiative called '24 Takeoff', offering brokers a 24 basis point credit on eligible loans until November 17. This incentive comes as mortgage rates rise above 7% and demand decreases, and aims to enhance partnerships with brokers across various loan types including conventional, VA, and FHA. The company also announced training opportunities for brokers to gain insights from industry veterans.
Source: YAHOO
Reported 21 days ago
As the US presidential election approaches, experts warn that the country's fiscal deficit will remain a significant issue regardless of whether Vice President Kamala Harris or former President Donald Trump wins. Investors are bracing for market volatility and analyzing how each candidate's policies may affect the economy, national debt, and fiscal policy. Roth Capital Partners' chief economist, Michael Darda, provided insights into the implications for the US economy during a recent discussion on Yahoo Finance.
Source: YAHOO
Reported 21 days ago
Constellation Energy saw a 12.5% drop in its stock, alongside significant declines in other nuclear stocks, after regulators rejected a proposal to supply power from Talen Energy to an Amazon AI data center. Despite this setback, Constellation has had a strong year overall, with stock prices increasing over 90%. The Federal Energy Regulatory Commission raised concerns about the deal's impact on grid reliability and public energy costs, highlighting ongoing regulatory challenges for the nuclear industry.
Source: YAHOO
Reported 21 days ago
Fox Corporation experienced record high shares and an 11% year-over-year increase in advertising revenue in Q1, largely driven by a boom in political ad spending ahead of the upcoming US presidential election. The company's strong performance exceeded Wall Street estimates, contributing to a rise in stock value.
Source: YAHOO
Reported 21 days ago
Housing affordability is a pressing issue in the upcoming US presidential election, with candidates Donald Trump and Kamala Harris proposing different approaches. Harris suggests a $25,000 down payment assistance for low-income individuals and tax incentives for developers to increase housing stock, while Trump focuses on freeing federal land for affordable housing development. Experts highlight that while both proposals are well-intentioned, they may not effectively address the core issues of housing pricing.
Source: YAHOO
Reported 21 days ago
Shares of Constellation Energy (CEG) dropped by 12% following the blocking of Amazon's power deal with Talen Energy. Despite this setback, CFRA analyst Daniel Rich believes the company remains in a strong position due to ongoing interest from major tech firms, indicating that the current dip presents a buying opportunity for investors. Constellation's solid third quarter results and a raised earnings guidance showcase its resilience in the nuclear energy sector.
Source: YAHOO
Reported 21 days ago
Constellation Energy remains committed to developing data centers at its U.S. power plant locations, even after the Federal Energy Regulatory Commission (FERC) rejected a key agreement that would have increased power capacity for an Amazon data center linked to a Pennsylvania nuclear plant. CEO Joseph Dominguez emphasized the company's strategy to seek clarity from regulators while pursuing permissible co-location strategies, highlighting the importance of these developments for tech companies needing rapid access to energy for their AI expansions.
Source: YAHOO
Reported 21 days ago
As the U.S. approaches a critical week with the elections and Federal Reserve meeting, Justin Haywood of Haywood Wealth Management advises investors to strategically position their portfolios amidst expected market volatility. He emphasizes the importance of maintaining a balanced investment approach and staying invested for the long-term, as the market historically struggles with uncertainty but tends to recover once clarity is achieved.
Source: YAHOO
Reported 21 days ago
Anthony Scaramucci, founder of SkyBridge Capital, confidently predicts that the U.S. will navigate its debt crisis by allowing inflation to rise, potentially averting a full-blown economic disaster. He notes the increasing budget deficit and indicates a preference for Vice President Kamala Harris' economic plan over Donald Trump's. Scaramucci also forecasts a significant rise in Bitcoin's value, projecting it could triple to $170,000 by mid-2026, as investor demand grows amidst a volatile financial landscape.
Source: YAHOO
Reported 21 days ago
Source: INVESTORS
Reported 21 days ago
As the U.S. election approaches, prediction markets have emerged as a popular platform for crypto speculators, with Donald Trump positioned as the favorite over Kamala Harris. Platforms like Polymarket and Kalshi report significant trading volumes, with Trump currently leading in odds despite closely contended opinion polls. Analysts debate the reliability of these markets, noting their potential biases towards crypto enthusiasts, while some argue they may offer more accurate forecasts than traditional polls. Overall, the betting activity has significantly outperformed past events on these platforms, raising questions about their sustainability post-election.
Source: YAHOO
Reported 21 days ago
As the US presidential election approaches between Vice President Kamala Harris and former President Donald Trump, investors are evaluating how potential changes to the CHIPS Act might affect the artificial intelligence (AI) trade. Bokeh Capital Partners' Kimberly Forrest suggests that while the CHIPS Act is unlikely to be repealed under the new administration, revisions to its provisions may be made to expedite chip production in America, particularly in response to increasing tensions with Taiwan and China.
Source: YAHOO
Reported 21 days ago
As the U.S. presidential election looms, bond investors are adopting a cautious approach, focusing more on the electoral outcome than the upcoming Federal Reserve policy meeting. Expectations suggest a potential interest rate cut by the Fed, yet uncertainty surrounding the election results is leading to a neutral portfolio stance among investors. Many firms are holding off on aggressive moves, preferring to wait for clarity on the election before making significant shifts in their strategies.
Source: YAHOO
Reported 21 days ago
Palantir Technologies (PLTR) is scheduled to announce its third-quarter earnings after the market closes on Monday. Despite a significant 140% rise in stock performance over the past year, uncertainties regarding its valuation dominate discussions. Catalysts hosts Seana Smith and Madison Mills delve into Wall Street's sentiments surrounding Palantir as the company continues to navigate challenges in the defense sector.
Source: YAHOO