Reported 22 days ago
The US dollar fell on Monday as traders exited positions linked to Donald Trump's potential election victory, amid growing uncertainty surrounding the US presidential elections. Analysts suggest that if Republicans win, it could lead to a significant rally in the dollar, while a Democratic victory may weaken the currency due to concerns about higher taxes and regulation. Additionally, the Federal Reserve is expected to announce a rate cut soon, with implications for the labor market further influencing currency movements.
Source: YAHOO
Reported 22 days ago
OPEC announced on Sunday that it will extend its oil output cuts by one month until the end of December, postponing plans to gradually increase production. This decision, made ahead of the U.S. presidential election, follows a series of previous extensions that began with 2.2 million barrels a day in voluntary cuts. The group includes major oil-producing countries such as Saudi Arabia, Russia, and Iraq, and highlights concerns over weak global demand amidst geopolitical tensions.
Source: YAHOO
Reported 22 days ago
Westpac, Australia's second-largest mortgage lender, announced a 3% drop in annual profit due to rising costs from a technology overhaul, despite an improved loan margin and an increase in its final dividend. The bank anticipates that the Reserve Bank of Australia will cut interest rates in February, which could ease financial pressure on borrowers. While loan impairment charges have increased, they remain a smaller proportion of total loans. Analysts are optimistic about the underlying trends despite concerns over rising operating costs.
Source: YAHOO
Reported 22 days ago
本周是影響全球商品市場的關鍵時刻，包括美國總統大選可能對黃金價格和可再生能源投資的影響。隨著美國農業報告的發布，在黃金、汽油、天然氣和小麥等市場中，重要的數據趨勢將浮現，特別是黃金在特朗普當選時可能上漲，而若哈里斯當選則可能下跌；而汽油價格處於低點，為選民帶來一絲喘息。小麥供應的報告也將揭示因氣候問題而導致的挑戰，進一步影響市場走勢。
Source: YAHOO
Reported 22 days ago
In a situation where financial infidelity might be a concern, a woman questions whether she was wrong to keep her $50,000 investment secret from her boyfriend, who struggled with the down payment on their new home. While they have separate finances and share some expenses, she worries about potential implications of her hidden assets. Experts suggest that transparency in finances can build trust, but also acknowledge that not all financial secrets equate to infidelity. They recommend discussing financial goals and possibly considering a prenuptial agreement if the couple plans to marry.
Source: YAHOO
Reported 22 days ago
Source: YAHOO
Reported 22 days ago
Stonepeak is reportedly in advanced talks to purchase Air Transport Services Group (ATSG) for approximately $3.1 billion, including debt, with a proposed price of $22.50 per share, reflecting a nearly 30% premium. The deal could be announced as soon as Monday, driven by increased demand for air cargo services amidst rising online shopping. ATSG, which has a significant fleet and notable customers like Amazon, faces recent revenue challenges but anticipates improving demand.
Source: YAHOO
Reported 22 days ago
Donald Trump's proposed tariffs on Chinese imports could significantly raise prices on video gaming equipment, which primarily comes from China. Experts predict that this would lead to price hikes of 11% to 45% on consoles and accessories, negatively impacting younger male gamers, a crucial voting bloc for the Trump campaign. Instead of moving production to the U.S., manufacturers are likely to pass the increased costs onto consumers. The proposed tariffs, rather than encouraging domestic manufacturing, may ultimately burden gamers' wallets.
Source: YAHOO
Reported 22 days ago
Berkshire Hathaway reported a more than 6% decline in operating earnings for the third quarter, totaling $10.09 billion, due to weaknesses in its insurance underwriting division. The company also continued to reduce its stake in Apple, selling approximately a quarter of its holdings, amounting to a 67.2% decrease year-over-year. Despite the selling of shares, Berkshire's cash reserves reached a record $325.2 billion.
Source: YAHOO
Reported 22 days ago
As the highly contested US election nears, investors across stocks and cryptocurrencies are reducing risk and preparing for potential volatility. With options trading signaling higher implied volatility and traders adjusting their positions, both equity and currency markets reflect uncertainty over the outcomes. Options traders are hedging against various scenarios, positioning themselves for potential moves in the market, particularly with an expected boost in fiscal stimulus following the election, which may drive bond yields and overall market performance.
Source: YAHOO
Reported 22 days ago
Source: BARRONS
Reported 22 days ago
Investors seeking high-yield dividend stocks for passive income should consider three options: the JPMorgan Equity Premium Income ETF, which offers a 7.1% yield and employs a unique options strategy for consistent income; the Global X MLP ETF with a 7.4% yield that invests in infrastructure related to natural gas, promising stable long-term returns; and UPS, a package delivery leader with a 4.9% yield, which has shown resilience through challenges, signaling potential for future profit growth.
Source: YAHOO
Reported 22 days ago
‘Venom: The Last Dance’ topped the box office again, earning $26.1 million and maintaining a strong performance in its second weekend. In contrast, Tom Hanks' film ‘Here’ struggled significantly, making only $5 million from 2,647 theaters. Other films like ‘The Wild Robot’ and ‘Smile 2’ also fared well, while the overall box office continues to lag behind last year. Upcoming holiday titles are expected to revive interest in theaters.
Source: YAHOO
Reported 22 days ago
Source: BARRONS
Reported 22 days ago
Australia’s central bank is set to sustain its interest rates at a 13-year peak of 4.35% as it confronts the challenges of slow disinflation and escalating global risks, particularly in light of the upcoming US elections and geopolitical tensions. Economists anticipate that the Reserve Bank will adopt a cautiously hawkish stance, addressing persistent inflation and the influence of the Chinese economy on Australia’s growth. Despite the country’s sluggish economic performance, the RBA is unlikely to cut rates until at least May 2025, with the focus on ensuring inflation remains within the target range.
Source: YAHOO
Reported 22 days ago
This article explores American households' net worth based on different income levels, revealing significant disparities between upper-income and lower-income groups. It emphasizes the importance of understanding net worth as a measure of financial health, defines its components, and highlights key factors such as age, education, and location that influence one's net worth. The article also provides actionable steps for improving financial standing, including paying off debt, investing wisely, and seeking professional guidance.
Source: YAHOO
Reported 22 days ago
As the 2024 presidential election approaches, Wall Street analysts are anticipating significant market volatility, given the tight race between Donald Trump and Kamala Harris. Predictions suggest a 62.3% chance of Trump winning, reviving interest in 'Trump trades' such as financials, gold, and managed-care insurers, which could benefit from deregulation. Conversely, a Harris victory could favor electric vehicles, homebuilders, and discount retailers as she is expected to continue supportive policies initiated under the Biden administration. Investors are advised to prepare their portfolios for these potential outcomes.
Source: YAHOO
Reported 22 days ago
Warren Buffett's Berkshire Hathaway has significantly reduced its stake in Apple Inc. by approximately 25% in the third quarter, following a near 50% cut in the second quarter, leading to a total decline in value of nearly 60% this year. Despite a 10.6% rise in Apple shares recently, the company faces challenges including stagnant iPhone growth and increased competition, particularly in China. Analysts suggest Buffett's sales might be driven by rebalancing his portfolio and potential discomfort with tech investments.
Source: YAHOO
Reported 22 days ago
Bond traders are cautiously retreating from their positions ahead of the closely contested US elections, with many liquidating Treasury futures and trimming wagers due to uncertainty about the political outcomes. Various scenarios are projected, with a GOP sweep potentially harmful for bondholders, while a win by President Kamala Harris could lead to a bond rally. With high market volatility, traders are hesitant to make bold moves until after the elections.
Source: YAHOO
Reported 22 days ago
Warren Buffett's incredible fortune, now valued at $145 billion, was largely the result of doing what he loved rather than a deliberate pursuit of wealth. His daughter Susie revealed that Buffett's success in investing stemmed from his passion for the craft, and despite their immense wealth, the family lived modestly, often unaware of their father's financial standing. Buffett's philosophy emphasized hard work, simplicity, and finding joy in one's pursuits, which he instilled in his children.
Source: YAHOO
Reported 22 days ago
This article discusses whether it's wise to invest in the worst-performing S&P 500 stocks from October, which include Super Micro Computer, Qorvo, Huntington Ingalls Industries, and Estée Lauder. Although these companies are trading at a discount, their declines are attributed to significant economic challenges and disappointing earnings guidance. The article warns that the market's negative sentiment towards these stocks may lead to further declines, suggesting that investors should proceed with caution and consider the broader market trends before making any investment decisions.
Source: YAHOO
Reported 22 days ago
Thousands marched in London on November 3, 2024, demanding that water companies address the pollution in Britain’s waterways caused by sewage. The protest, part of the March for Clean Water organized by groups including Greenpeace, highlighted the failures of private utilities to upgrade aging infrastructure leading to frequent sewage discharges. With a record 464,000 spills last year, activists emphasized the urgent need for government action to improve regulations and penalize polluters.
Source: YAHOO
Reported 22 days ago
The finance industry is beginning to prioritize mental health, recognizing its impact on employee productivity and overall profitability. As significant costs arise from mental health-related absences—estimated at nearly $50 billion annually in the U.S.—companies are shifting their approach from viewing mental health as a weakness to considering it a vital business asset. Initiatives like Shawn Lesser's The Real encourage open discussions, community support, and personal connections to foster mental well-being, marking a cultural shift in the high-stress finance environment.
Source: YAHOO
Reported 22 days ago
This article highlights two growth stocks, Pfizer and Realty Income, that present investment opportunities at discounted prices. Pfizer, while still down from past highs, shows solid profit growth, a robust pipeline from recent acquisitions, and a healthy dividend yield. Realty Income stands out as a consistent performer in the REIT sector, known for its reliable monthly dividends and impressive occupancy rates, making it an appealing option for investors seeking steady income.
Source: YAHOO
Reported 22 days ago
Election-related uncertainties are causing delays in the housing market, as buyers hesitate to make decisions until after the election. Real estate agents report clients pausing their home searches and seeking to understand how the election outcome may influence interest rates and their businesses. Despite these individual concerns, historical data suggests that election years do not significantly worsen national home sales trends compared to non-election years.
Source: YAHOO