Reported 21 days ago
Singapore Airlines has announced it will add first-class seats to its longest flights, including the world’s longest flight from New York to Singapore. The airline is retrofitting seven Airbus A350-900 planes, investing S$1.1 billion to enhance service levels. First-class offerings are expected to provide a luxury experience with private suites, premium meal service, and more space, catering primarily to ultra-wealthy travelers. The new seating arrangement will be in place by 2026.
Source: YAHOO
Reported 21 days ago
Fox Corp reported stronger-than-expected first-quarter revenue, driven by a significant increase in political advertising ahead of the U.S. presidential election, leading to a nearly 5% rise in its shares. The company benefitted from higher viewership of traditional news amid the competitive race between Kamala Harris and Donald Trump, with advertising revenue climbing 11% to $1.33 billion. Additionally, its streaming platform Tubi emerged as a key player in political advertising, with expectations to exceed $1 billion in revenue for the fiscal year.
Source: YAHOO
Reported 21 days ago
Southwest Airlines has appointed aviation veteran Rakesh Gangwal as the independent chair of its board following a recent resolution of its dispute with activist investor Elliott Management. Gangwal, co-founder of India's Indigo Airlines and former senior executive at United Airlines and U.S. Airways, had previously invested over $100 million in Southwest shares. The move comes as part of a broader agreement that included new board nominations and expedited leadership changes.
Source: YAHOO
Reported 21 days ago
Investors are increasingly drawn to initial public offerings in the Middle East as local economies move beyond oil dependency. Lulu Retail Holdings and United International Holding are among firms seeing strong demand, with Lulu aiming to raise $1.72 billion in the UAE’s largest IPO of the year. The trend signifies a diversification of offerings across various sectors, showcasing market maturity. Despite some IPOs underperforming, the overall average of new stocks has risen significantly in their debut, indicating robust investor interest and a promising pipeline of upcoming listings.
Source: YAHOO
Reported 21 days ago
Standard Chartered Plc has teamed up with the UK’s development finance institution to facilitate increased trade between Africa and South/Southeast Asia through a $350-million financing deal aimed at supporting small businesses in sectors like food, agriculture, and technology.
Source: YAHOO
Reported 21 days ago
BCE Inc., Canada’s largest telecommunications firm, has announced its acquisition of Northwest Fiber LLC, operating as Ziply Fiber, for C$5 billion ($3.6 billion), marking a strategic entry into the US market. This move, aimed at expanding BCE's fiber network, has led to the company pausing dividend growth for 2025, causing its stock to plummet to a 12-year low. Despite criticism from analysts regarding the deal's high cost and the shift away from dividend increases, BCE's CEO emphasized the long-term growth potential of the investment.
Source: YAHOO
Reported 21 days ago
Commerzbank's CEO Bettina Orlopp is working on a strategy to unlock capital in response to a potential takeover by UniCredit. She aims to keep risk-weighted asset growth below targets and improve profitability by reducing exposure to low-yield clients, increasing significant risk transfers, and boosting transactions with existing clients. Furthermore, Commerzbank has received ECB approval for a €600 million share buyback, marking a significant step in Orlopp's plan to position the bank independently and enhance its appeal to shareholders.
Source: YAHOO
Reported 21 days ago
Wall Street analysts believe Intellia Therapeutics (NASDAQ: NTLA), a clinical-stage biotech firm, has the potential for a remarkable 354% increase in stock value, driven by its ongoing phase 3 clinical trials for treatments targeting rare diseases. While there are substantial market opportunities ahead, investing in Intellia carries risks due to the unpredictability of clinical results and competition in the biotech sector. Investors with a higher risk tolerance might consider a position in Intellia, though it wasn't highlighted as one of the best stocks to buy in a recent Motley Fool analysis.
Source: YAHOO
Reported 21 days ago
The New York Times reported slower growth in digital subscribers during the third quarter, adding 260,000 subscribers—below expectations—due to tightening consumer spending as inflation impacts the market. Despite a significant rise in digital ad sales, the company's shares fell by 8%. The Times aims for 15 million digital subscribers by 2027, having reached 11 million, while projecting a modest increase in subscription revenue for the fourth quarter, slightly missing analyst expectations.
Source: YAHOO
Reported 21 days ago
Analysts suggest that a Trump win in the U.S. presidential election could create investment opportunities in European defense stocks, as his policies may lead to increased military spending in the region. Despite potential initial declines due to a Ukraine ceasefire, experts believe that long-term growth prospects in the defense sector remain strong, with a notable increase in share prices since the onset of the Ukraine conflict.
Source: YAHOO
Reported 21 days ago
While Amazon continues to show significant potential in e-commerce and artificial intelligence, younger companies like e.l.f. Beauty and Revolve Group are rapidly capturing market share and showing impressive growth rates. e.l.f. has notably increased its sales and market presence in cosmetics, while Revolve is leveraging an innovative AI-based platform in fashion. Both companies present promising investment opportunities as they outperform Amazon in growth metrics, making them attractive alternatives for investors seeking high-growth stocks.
Source: YAHOO
Reported 21 days ago
As Election Day approaches, investors are contemplating the implications of a Donald Trump win on the stock market. Yahoo Finance executive editor Brian Sozzi interviews veteran investor Lawrence McDonald, who shares his concerns regarding market volatility and highlights potential investment opportunities amidst the anticipated economic uncertainties.
Source: YAHOO
Reported 21 days ago
Starbucks CEO Brian Niccol, previously of Chipotle, is tackling significant operational issues at Starbucks to improve its financial standing and stock price. Recent earnings reports highlight problems such as a cluttered US menu and decreasing demand in China. Niccol is already making changes, including reinstating coffee condiment stations and planning a trip to China, as he seeks to implement turnaround strategies for the coffee giant.
Source: YAHOO
Reported 21 days ago
This article highlights two promising tech stocks to consider purchasing in November: Broadcom, a leading semiconductor supplier benefiting from the AI boom, and Nvidia, a dominant producer of GPUs with substantial revenue growth from data centers. Meanwhile, it advises against investing in MicroStrategy, whose stock is inflated by Bitcoin holdings despite a struggling core business and significant financial losses.
Source: YAHOO
Reported 21 days ago
Source: INVESTORS
Reported 21 days ago
Palantir (PLTR) is set to announce its Q3 earnings tomorrow, following a strong last quarter where it exceeded revenue expectations by 3.9%, reaching $678.1 million and reflecting a 27.2% year-on-year growth. Analysts forecast a 26.1% revenue increase this quarter, expecting $703.7 million, with adjusted earnings projected at $0.09 per share. Despite recent mixed results from peers, investor sentiment in the data and analytics sector remains positive, with Palantir's stock up 7.8% over the past month.
Source: YAHOO
Reported 21 days ago
Despite the Federal Reserve's recent decision to cut interest rates, U.S. mortgage rates have risen for the fourth consecutive week, reaching 6.54% as housing demand declines. Although the Fed's cut led to a temporary dip in mortgage rates earlier, it failed to revitalize the housing market, with existing home sales dropping and mortgage applications declining to their lowest level since July. Analysts attribute the rise in mortgage rates to strong economic data rather than the Fed's policy, indicating that ongoing government borrowing may further impact the availability of mortgage funds.
Source: YAHOO
Reported 21 days ago
Loews Corp announced a notable increase in its third-quarter profit, primarily attributed to a surge in investment income, which rose to $776 million from $592 million the previous year. The company's income attributed to Loews climbed to $401 million, or $1.82 per share, compared to $253 million, or $1.12 per share, last year. The strong performance of its insurance unit, CNA Financial, played a significant role, reporting a quarterly insurance premium rise to $2.59 billion.
Source: YAHOO
Reported 21 days ago
In the week leading up to October 30, U.S. equity funds faced their largest outflow in five weeks, totaling $5.83 billion as investors remained cautious ahead of the upcoming presidential election and a Federal Reserve decision. Notable losses were seen in growth funds, which experienced a $4.06 billion outflow, while sectors such as industrials and healthcare also reported significant drops. Conversely, U.S. bond funds continued to draw investments, securing $7.37 billion, marking the 22nd consecutive week of inflows.
Source: YAHOO
Reported 21 days ago
As the stock market prepares for a significant week, including the presidential election and a Federal Reserve interest rate decision, stock futures are trending upward. Notable movements include Berkshire Hathaway's decline in earnings and reduced holdings in Apple and Bank of America, while Nvidia is set to replace Intel in the Dow Jones Industrial Average. Palantir Technologies anticipates a 26% revenue increase but saw a dip in its stock price, contrasting with Boeing's shares, which rose ahead of a vote that could end a two-month strike.
Source: YAHOO
Reported 21 days ago
As the Federal Reserve's rate-cutting spurs a shift toward high-yield dividend stocks, Pfizer's stock—with its attractive 5.9% dividend yield and low valuation—presents a strong opportunity for long-term investors. Despite underperforming the S&P 500 in 2024, Pfizer is seeing robust revenue growth in its non-COVID products, particularly within oncology, thanks to recent acquisitions and market share gains. Value-oriented investors might find that Pfizer's current stock price does not reflect its operational success and potential for future growth.
Source: YAHOO
Reported 21 days ago
Nvidia is set to replace Intel in the Dow Jones Industrial Average starting Friday. As Wall Street anticipates the upcoming US elections, investors are focused on the electoral contest between Vice President Kamala Harris and former President Donald Trump, which is expected to dominate the minds of voters as they head to the polls.
Source: YAHOO