Reported 4 days ago
In September, U.S. layoffs dropped to 72,821, a 4% decrease from August's five-month high. However, year-to-date announced layoffs of 609,242 have exceeded last year's figures for the same period, marking the highest total since 2020. Although there are signs of a cooling labor market, other indicators, like unemployment filings, remain low. The technology sector led job cuts, and AI has played a significant role in these reductions.
Source: YAHOO
Reported 4 days ago
Nvidia insiders have sold shares exceeding $1.8 billion in 2024, with more sales expected, as concerns grow over the company's delayed Blackwell chips and the sustainability of AI-related spending. CEO Jensen Huang has notably sold $713 million worth of shares since implementing a pre-arranged trading plan. Despite the substantial insider sales, experts suggest that such pre-planned transactions should not necessarily indicate pessimism about the company's future.
Source: YAHOO
Reported 4 days ago
Amazon plans to hire 250,000 workers for the upcoming holiday season, the same number as last year, to meet the anticipated increase in e-commerce spending, which is expected to reach $240.8 billion. Despite the stable hiring figures, Amazon continues to outpace competitors like Target, which will add 100,000 workers. The overall holiday job market is projected to add 520,000 positions, reflecting a slowdown from last year.
Source: YAHOO
Reported 4 days ago
Levi Strauss & Co. (LEVI) saw its stock tumble after reporting lower-than-expected revenue for the third quarter and revising its full-year revenue outlook downward. Investors are also focusing on jobless claims data as they anticipate insights from upcoming jobs reports, which may influence the Federal Reserve's interest rate decisions.
Source: YAHOO
Reported 4 days ago
Rep. Marjorie Taylor Greene continues to build her investment portfolio, reporting additional stock purchases that include Alphabet, Berkshire Hathaway, Intel, Microsoft, Southern Copper, and United Parcel Service. While her investments are primarily in technology and AI-related companies, Greene's latest acquisitions show a mix of traditional and new stocks aimed at enhancing passive income. Her engagement in the stock market highlights growing interest in sectors benefiting from the AI boom, while also incorporating diverse investments to hedge against volatility.
Source: YAHOO
Reported 4 days ago
US stocks experienced a dip on Thursday, with the S&P 500 down 0.2%, the Dow Jones down 0.7%, and the Nasdaq down 0.4%, as investors focused on the upcoming jobs report amidst ongoing concerns over escalating tensions in the Middle East. Oil prices surged nearly 4% due to fears of supply disruptions stemming from the Israel-Iran conflict. The market is bracing for the September jobs report, which could impact future Federal Reserve interest rate decisions, following indications of a cooling labor market.
Source: YAHOO
Reported 4 days ago
The Social Security Bridge Strategy allows retirees to delay claiming their Social Security benefits while utilizing their 401(k) assets until age 70, potentially increasing their benefits by up to 76%. Despite traditional preferences for immediate Social Security claims, research indicates that a significant portion of workers would consider this strategy if offered, as it provides an effective method to secure higher lifetime income adjusted for inflation without annuities.
Source: YAHOO
Reported 4 days ago
This article highlights five promising stocks that investors should consider for potential growth in the coming years, including major players like Amazon, Microsoft, and PayPal. Each stock is analyzed for its current valuation, growth prospects, and the industries they operate in, presenting an opportunity for investors looking to diversify their portfolios with high-potential investments.
Source: YAHOO
Reported 4 days ago
Stellantis CEO Carlos Tavares indicated that potential cuts to the company's dividend and share buybacks could be on the horizon as shares dropped to their lowest point since July 2022. This decline was driven by concerns over the automaker's U.S. operational challenges and a recent profit warning, which led to a significant drop in investor confidence, prompting Barclays to downgrade the stock. Tavares noted it was premature to confirm plans for the 2025 dividend, emphasizing the need for careful review in light of current market conditions.
Source: YAHOO
Reported 4 days ago
Check Point Software Technologies has recently shown a remarkable performance, gaining 17% over the past three months, surpassing Nvidia's 2% loss despite Nvidia's overall market gains. With a focus on AI-driven cybersecurity products and strong growth in its subscription services, Check Point is well-positioned for future growth and offers an attractive valuation compared to its peers. Investors looking for a solid tech investment may find Check Point an appealing option.
Source: YAHOO
Reported 4 days ago
Israel launched airstrikes in Beirut, killing nine, following heavy ground battles with Hezbollah that resulted in the deaths of eight Israeli soldiers. This escalation comes after Iran fired missiles at Israel, prompting fears of a broader conflict. Despite calls for a ceasefire from allies, Israeli Prime Minister Netanyahu remains resolute in his military campaign against Hezbollah, with continued retaliatory strikes expected amidst international concerns over potential escalation.
Source: YAHOO
Reported 4 days ago
Tesla announced the recall of over 27,000 Cybertrucks due to a delay in rear-view camera images that could jeopardize driver visibility and heighten crash risks. The recall is the largest for the Cybertruck and follows previous recalls for issues with an accelerator pedal and windshield wipers. A software update will address the problem, and all vehicles in production have already received the fix, this issue highlights the ongoing scrutiny of Tesla's new model amidst significant investment.
Source: YAHOO
Reported 4 days ago
The dockworkers' strike over pay and demands for a ban on automation reflects a broader anxiety among workers across various industries regarding the impact of technology on jobs. This collective action signals a push for more influence over how technological advancements are implemented, as labor movements gain traction amidst a backdrop of recent high-profile strikes. Experts warn that prolonged strikes could disrupt economies, while calls for comprehensive policies to support retraining and job security become increasingly urgent.
Source: YAHOO
Reported 4 days ago
This article evaluates the strengths and weaknesses of two cybersecurity stocks, CrowdStrike Holdings (CRWD) and Fortinet (FTNT). While CrowdStrike exhibits significant growth potential despite recent challenges, Fortinet offers more stable but slower growth. The overall consensus favors CrowdStrike as a stronger long-term investment, whereas Fortinet is viewed neutrally, suggesting a potential 'buy-the-dip' scenario for CrowdStrike.
Source: YAHOO
Reported 4 days ago
Nio's stock has surged over 65% in the past month due to favorable news, including a $1.9 billion cash infusion from strategic investors and the launch of its affordable sub-brand ONVO. This financial boost comes as China implements a government stimulus package aimed at rejuvenating its economy. Nio's increased investment will enhance its control over Nio China and is expected to bolster its multibrand strategy as they introduce more affordable electric vehicles to the market, capitalizing on the growing EV sector in China.
Source: YAHOO
Reported 4 days ago
Following remarks from Japanese Prime Minister Shigeru Ishiba indicating that the economy isn't prepared for interest rate hikes, traders are refocusing on yen carry trades. Expectations of a weaker yen have surged, with analysts predicting a potential fall to 150-155 per dollar, reigniting interest in risky investments that benefit from borrowing yen to invest in higher-yield assets. However, while the current yen decline may present short-term trading opportunities, some experts anticipate that the weakness could be transient as Japan approaches national elections on October 27.
Source: YAHOO
Reported 4 days ago
Source: BARRONS
Reported 4 days ago
Investors seeking passive income amid fluctuating interest rates may find opportunities in high-yield dividend stocks. Enbridge, AT&T, and Dominion Energy stand out for their substantial dividend yields and solid financial fundamentals. Enbridge boasts a 6.5% yield with a secure payout ratio, AT&T offers a 5% yield backed by improving finances, and Dominion Energy has a 4.7% yield while undergoing significant transformation. Each company presents a compelling case for dividend investors looking for reliable sources of income.
Source: YAHOO
Reported 4 days ago
As Nvidia prepares for its AI Summit from October 7 to 9, investors are weighing whether to buy the stock. The company has seen remarkable growth, with shares up about 135% this year, due to rising demand for its AI chips. However, the summit is unlikely to provide significant product updates; instead, it will showcase how AI technology is currently in use across various industries. Ultimately, while Nvidia continues to be a solid long-term investment, short-term stock movements around the event may not significantly impact long-term holders.
Source: YAHOO
Reported 4 days ago
OPEC+ has sufficient spare oil capacity to offset a complete loss of Iranian oil supply due to escalating tensions with Israel. However, the group may face challenges if Iran retaliates against Gulf neighbors. While current production cuts provide a buffer, any increase in conflict impacting regional energy infrastructure could strain resources and lead to rising oil prices, which would have broader implications for global markets and the upcoming U.S. election.
Source: YAHOO
Reported 4 days ago
Wall Street has recently seen a surge in interest in artificial intelligence stocks, highlighted by the recent 10-for-1 stock splits of Super Micro Computer and Lam Research, following similar moves by Nvidia and Broadcom. These splits are designed to make shares more accessible to investors, as high demand for AI technologies drives up valuations. While Nvidia and Broadcom have captured significant attention due to their dominant positions in AI hardware and networking respectively, Lam Research is poised for growth in the AI space as it supports the increasing demand for high-bandwidth memory. However, there are concerns regarding reliance on the Chinese market amidst regulatory constraints.
Source: YAHOO
Reported 4 days ago
For investors seeking a steady passive income, Realty Income, EPR Properties, and Gladstone Land present excellent options with their monthly dividend payments. Realty Income is noted for its consistent payouts, while EPR Properties focuses on experiential real estate, and Gladstone Land specializes in farmland investment. Each of these REITs not only offers competitive dividend yields but also demonstrates potential for future growth, making them appealing choices for income-seeking investors.
Source: YAHOO
Reported 4 days ago
As the election approaches, three stocks stand out as potential winners if Kamala Harris is elected president. NextEra Energy may benefit from clean-energy policies, NVR could thrive on proposals to build affordable homes, and Mobileye Global may see increased demand for its advanced driving technology. Each of these companies aligns well with Harris's proposed economic initiatives.
Source: YAHOO
Reported 4 days ago
A recent survey reveals that 70% of women, particularly younger ones, are now investing in the stock market outside their retirement accounts, with Gen Z women leading the charge. Despite this surge, many women, especially Gen X, struggle with feelings of intimidation and insecurity about their financial knowledge and preparedness for retirement. The findings highlight the need for improved financial education and support to help more women confidently engage in investing.
Source: YAHOO
Reported 4 days ago
In a recent Yahoo Finance interview, Palantir's Head of Defense, Mike Gallagher, addressed the rising tensions in the Middle East, emphasizing the critical need for U.S. support for Israel in its conflict with Hezbollah. He asserted that Israel is currently winning and that the best path to de-escalation is a decisive victory over Iranian threats. Gallagher also shared his perspectives on China relations, predicting that Vice President Kamala Harris may either continue the current administration's approach or soften it. He highlighted Palantir's technological capabilities, which have been effectively utilized in military operations in Israel and Ukraine, while also enhancing the efficiency of various Defense Department functions.
Source: YAHOO