Reported about 1 month ago
Wall Street is preparing for an important week as both the Consumer Price Index (CPI) and Producer Price Index (PPI) data are set to be released, which could influence the Federal Reserve's upcoming interest rate decision. This comes after a disappointing August jobs report, raising the stakes for these inflation metrics in shaping monetary policy.
Source: YAHOO
Reported about 1 month ago
As Apple prepares for its highly anticipated event, the focus is expected to be on the new iPhone 16 line-up and its Apple Intelligence features, which promise to enhance user experience. While the design aspects of the new devices may not differ significantly, industry experts suggest that the market has already anticipated the announcements, with the main question being Apple's success in making AI functionalities practical for users.
Source: YAHOO
Reported about 1 month ago
Merck & Co. (MRK) shares fell in pre-market trading after a study indicated that Summit Therapeutics' lung cancer drug ivonescimab outperformed Merck's Keytruda. Analysts Seana Smith and Brad Smith provide insights on this development.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Donald Trump's social media company, Truth Social, has seen its value plummet by approximately $4 billion, affecting Trump's net worth significantly. Shares of Trump Media & Technology Group have dropped 74% since a high in March, pushing Trump off the Bloomberg Billionaires Index. Analysts are concerned about the company's financial viability, particularly as revenue remains low and the social media platform struggles to compete. Market analysts warn potential investors to be cautious and to consider the company's fundamentals over political allegiance.
Source: YAHOO
Reported about 1 month ago
U.S. stocks, led by the Nasdaq Composite, saw gains at the market's opening on Monday, with a nearly 1% increase following the volatility of the previous week. The rise signals a potential recovery for major indices as investors regain confidence.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
US stocks rebounded on Monday following the S&P 500's worst week since early 2023, with the Dow Jones rising over 500 points and the S&P 500 climbing more than 1%. The market is reacting to recent inflation data and speculating about the Federal Reserve's upcoming interest rate decisions, which are expected to focus on potential cuts. Key sectors leading the rebound include Industrials, Financials, and Consumer Discretionary. Investors are also eyeing Apple's annual iPhone event for insights into new products and technologies.
Source: YAHOO
Reported about 1 month ago
US stock futures are aiming for recovery after a tumultuous week as Apple prepares to launch its iPhone 16 and other devices. Meanwhile, Google faces a significant antitrust lawsuit from the Department of Justice concerning its advertising practices, set to begin trial today, September 9.
Source: YAHOO
Reported about 1 month ago
Mobileye has announced it will discontinue its lidar development unit due to uncertain demand, impacting approximately 100 employees. The closure, expected by the end of 2024, will not affect existing customer products or overall product development. Despite this, Mobileye aims to continue progressing its in-house imaging radar technology and has adjusted its revenue forecasts in light of declining demand for its chips in China.
Source: YAHOO
Reported about 1 month ago
Taiwan Semiconductor Manufacturing Co (TSMC) has reported that its Arizona plant's production yields are comparable to those in Taiwan, contributing to a rise in stock price. Recent evaluations indicate strong performance at the U.S. facility, supporting TSMC's global expansion in response to pandemic-induced supply chain disruptions. Despite delays in production set for 2025, TSMC has seen shares increase by over 75% in the past year, with analysts largely optimistic about its prospects.
Source: YAHOO
Reported about 1 month ago
Senator Elizabeth Warren has urged the IRS to intensify scrutiny on Real Estate Investment Trusts (REITs), particularly in the healthcare and hospitality sectors, amid concerns that some may be violating tax regulations. This follows a letter from Senator Ron Wyden prompting the IRS to clarify existing REIT rules, particularly about taxable subsidiaries used for operating qualified properties. Warren highlighted the need for enforcement against possible tax abuses, citing Medical Properties Trust as a specific concern, even as the National Association of Real Estate Investment Trusts asserts compliance with tax laws.
Source: YAHOO
Reported about 1 month ago
In a market facing potential recession, investors are increasingly turning to dividend stocks that offer stable income. This article highlights two 'Strong Buy' stocks with yields above 10%: MFA Financial, a real estate investment trust with an 11.4% yield, and Golub Capital BDC, a business development company yielding approximately 10.6%. Both companies have strong financials and the ability to maintain their dividends, making them appealing choices for income-focused investors.
Source: YAHOO
Reported about 1 month ago
Warren Buffett's Berkshire Hathaway has significantly increased its stake in Chubb, acquiring over 27 million shares due to its deep understanding of the insurance industry. Buffett appreciates Chubb's strong underwriting profitability, evidenced by a declining combined ratio, indicating its effective risk management. While some speculate Berkshire may pursue full ownership, investors should assess Chubb's investment potential against their portfolio needs.
Source: YAHOO
Reported about 1 month ago
Palantir Technologies stock surged in premarket trading after being announced as a new member of the S&P 500, effective September 23. The stock, which has nearly doubled in the past year, faces potential resistance at $32.70 and $34.75, while retracement levels to watch are at $29 and $25.50. Observing these levels will be crucial for investors looking to navigate potential price movements.
Source: YAHOO
Reported about 1 month ago
e.l.f. Beauty has seen remarkable growth, with shares up 382% over the past three years, but the company may be facing slowing growth which has led to a 31% drop in the last six months. In contrast, Ulta Beauty and Estée Lauder offer more compelling investments currently, with Ulta boasting a lower forward P/E ratio and a diversified product range, and Estée Lauder appealing to income-focused investors due to its 2.9% dividend yield despite its recent struggles.
Source: YAHOO
Reported about 1 month ago
Michael Seldtich, the first openly-gay director of 'Queer Eye for the Straight Guy' from 2003 to 2007, shares his unique experiences during his interview for the role in an episode of the 'Living Not So Fabulously' podcast. His story, featuring an amusing incident involving a 'snuffaluffagus boyfriend,' sheds light on his journey in the television industry.
Source: YAHOO
Reported about 1 month ago
In September, investors should pay close attention to two leading defense technology stocks, Lockheed Martin and General Dynamics, due to their promising growth in the aerospace and defense sector. Lockheed Martin has seen a 25% increase in its stock, driven by strong demand for its fighter jets and cybersecurity solutions, while General Dynamics has secured significant contract wins and thrives in multiple product areas, including military and civilian aerospace. Both companies showcase robust financial momentum and advanced technology integration, making them compelling investment opportunities.
Source: YAHOO
Reported about 1 month ago
Chinese tech giant Huawei has achieved over 3 million pre-orders for its upcoming Mate XT tri-fold smartphone, just hours before Apple's iPhone 16 launch event. This highlight underscores Huawei's resilience against U.S. sanctions as it positions itself as a significant competitor to Apple, which has adjusted its pricing strategy to maintain market share. The Mate XT is set to be revealed at a launch event soon after Apple's announcement on September 9.
Source: YAHOO
Reported about 1 month ago
As the presidential debate between Vice President Kamala Harris and former President Donald Trump nears, discussions on tax cuts take center stage. Economic expert Ralph Schlosstein warns that Trump's tax cuts will expire in 2025, signaling a pivotal issue for either candidate. A Harris victory might lead to a significant tax discussion, whereas another Trump administration could increase market volatility. Voters will ultimately shape the future economic landscape in the November election.
Source: YAHOO
Reported about 1 month ago
As inflation declines and labor market growth slows, the Federal Reserve faces a critical decision on whether a quarter-point interest rate cut will be adequate to sustain economic expansion. Recent job reports indicate the slowest hiring pace since the pandemic began, prompting varying opinions among Fed officials. While some advocate for aggressive rate cuts to prevent a deep recession, others warn of potential inflation risks. The outcome of these discussions could shape the Fed's approach in the coming months.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Following a pullback in technology stocks led by Nvidia, two ETFs, the Invesco QQQ ETF and the Vanguard Information Technology ETF, are highlighted as excellent investment opportunities. Both ETFs offer significant exposure to major technology companies, with strong historical returns and potential for future growth, making them attractive options for investors looking to capitalize on the recent market dip.
Source: YAHOO
Reported about 1 month ago
With West Texas Intermediate (WTI) crude oil prices dipping below $70 a barrel, long-term investors are exploring opportunities in the energy sector. This article compares ExxonMobil, a stable company with a strong dividend history, against a 50/50 investment in Devon Energy and Occidental Petroleum, both of which present higher risk but potentially greater returns during oil price recoveries. Ultimately, the choice depends on individual investor preferences and risk tolerance, with all three positions having merit.
Source: YAHOO