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
Reported 21 days ago
Bond markets are experiencing heightened volatility due to the ongoing deadlocked presidential election, influencing stock performance as well. While the S&P 500 has generally risen since Vice President Kamala Harris took the lead in the Democratic Party, the bond market has reacted strongly to fluctuating economic indicators and election sentiment. Investors are concerned about potential higher spending and inflation, with the bond market's stability intertwined with who wins the election. The uncertainty around the election results could lead to further market fluctuations in the near term.
Source: YAHOO
Reported 21 days ago
UK lawmakers are set to question Shein executives regarding workers' rights as early as January 2025, amid concerns over forced labor in its supply chains. The inquiry, led by the House of Commons' Business and Trade Committee, aims to ensure protections for UK workers while also addressing international labor standards. Shein, which is preparing for a potential IPO in London, has faced scrutiny over its labor practices but asserts its commitment to human rights.
Source: YAHOO
Reported 21 days ago
Marriott International has lowered its full-year outlook due to declining revenues in the Chinese market, posting $6.25 billion in revenue and adjusted earnings of $2.26 per share, slightly below estimates. Analyst David Katz noted that while group bookings are strong, high-end leisure travel has struggled. There is a notable imbalance between outbound and inbound travel, impacting revenue, and consumers are reluctant to pay premium rates. Despite these challenges, Katz believes that there are opportunities for Marriott's growth in non-China Asia-Pacific markets.
Source: YAHOO
Reported 21 days ago
Source: INVESTORS
Reported 21 days ago
Source: INVESTORS
Reported 21 days ago
Nuclear energy stocks have experienced a decline after US regulators blocked a deal that would have permitted Amazon's cloud division, AWS, to purchase power for its data centers from Talen Energy. Following this decision, shares of various companies, including Talen Energy, Constellation Energy, and Vistra Corp., saw losses, as the tech sector increasingly looks towards nuclear energy to support its AI infrastructure.
Source: YAHOO
Reported 21 days ago
Peloton Interactive Inc. received a boost in stock value as Bank of America upgraded its rating, citing optimistic profit projections and the appointment of new CEO Peter Stern. Analyst Curtis Nagle praised Peloton's impressive EBITDA results and raised the company's forecast, indicating a potential turnaround after years of losses. Despite a significant drop since 2021, Peloton's shares rose 3.6% on Monday, with Nagle adjusting his price target for the stock to $9.
Source: YAHOO
Reported 21 days ago
According to BMO Wealth Management CIO Yung-Yu Ma, significant enterprise AI investments from major tech companies like Microsoft and Meta are expected to contribute to healthy earnings growth in 2025. As investors react cautiously to substantial AI spending, Ma emphasizes that business spending, including AI-related infrastructure upgrades, will be a major driver of earnings in the coming years.
Source: YAHOO
Reported 21 days ago
A dividend investor shares his remarkable journey from being homeless and in debt to earning $4,800 per month through smart investments in dividend stocks. Starting with just a hundred-dollar bill, he changed his financial mindset and focused on living below his means while working up to 80 hours a week. His portfolio includes key holdings in MPLX, Energy Transfer, Plains All American Pipeline, and AbbVie, showcasing the potential of dividend investing.
Source: YAHOO
Reported 21 days ago
Source: INVESTORS
Reported 21 days ago
Source: WSJ
Reported 21 days ago
As investors brace for the US presidential election and the Federal Reserve's meeting later this week, experts discuss potential impacts on monetary policy. Comerica Bank's chief economist, Bill Adams, notes that the election outcome may affect fiscal policy, which in turn could influence the Fed's approach to rate cuts. A divided government could lead to a status quo fiscal policy, while a sweeping victory for one party might prompt further fiscal stimulus. Adams also mentions that controlled inflation could allow for continued economic growth.
Source: YAHOO
Reported 21 days ago
A coalition of medical equipment manufacturers is urging for tax incentives, tariffs, and robust enforcement of labor and environmental standards to increase U.S. production amid supply chain vulnerabilities exacerbated by international competition and recent hurricanes. The American Medical Manufacturers Association highlights the need to reduce reliance on foreign nations, particularly those with lax standards, to ensure a stable and quality supply of essential medical equipment. They emphasize the importance of creating jobs domestically while addressing supply chain risks and advocating for policy measures to level the playing field against foreign competitors.
Source: YAHOO
Reported 21 days ago
The November 2024 'State of the Industry Report,' sponsored by Ryder, provides a comprehensive analysis of the trucking, maritime, and intermodal markets, detailing capacity, volumes, and rates. Key takeaways include resilience in the truckload market, growth in intermodal volumes amid high imports, a decline in ocean shipping rates post-peak season, and strong retail sales boosting consumer spending. Forecasts indicate that industrial growth may emerge in 2025, potentially influenced by upcoming rate cuts.
Source: YAHOO