Reported 24 days ago
Nvidia has provided remarkable returns for investors but poses risks due to high valuations. While the company continues to grow rapidly in the AI chip market, the stock's current price reflects high growth expectations. Investors closer to retirement may find Nvidia too volatile, while those with a longer hold period could benefit from its potential. Ultimately, personal investment goals should guide the decision on including Nvidia in retirement portfolios.
Source: YAHOO
Reported 24 days ago
BetMGM CEO Adam Greenblatt announced that the company anticipates generating over $2 billion in revenue for 2024, driven by recent record earnings in New York's mobile sportsbooks and strategic investments in product development and customer acquisition. Greenblatt emphasizes the advantage of their partnership with MGM Resorts, which enhances customer rewards and differentiates BetMGM in the competitive sports betting market.
Source: YAHOO
Reported 24 days ago
Next week is pivotal with the US presidential election on November 5, where voters will decide between Donald Trump and Kamala Harris. Additionally, the Federal Reserve will hold its November policy meeting to discuss interest rates. Notable earnings reports are expected from companies including Palantir Technologies, Constellation Energy, Yum! Brands, Novo Nordisk, Toyota Motor Corp., and Qualcomm.
Source: YAHOO
Reported 24 days ago
As US stocks anticipate the upcoming presidential election and the Federal Reserve's meeting, market trends have gained attention. Yahoo Finance's Jared Blikre analyzes the earnings of the 'Magnificent Seven' tech giants, including Alphabet and Amazon, and examines the impact of pre-election volatility on Treasury yields. He also discusses bitcoin's year-to-date performance and its recent rally as it hovers around the $70,000 mark.
Source: YAHOO
Reported 24 days ago
As the U.S. presidential election approaches, corporate leaders express worries over potential risks from either a Trump or Harris administration. Recent surveys reveal that executives are more apprehensive about regulation and taxation under Harris, while they fear a resurgence of societal culture wars under Trump. The insights highlight the significant decision-making landscape facing businesses in light of the upcoming election.
Source: YAHOO
Reported 24 days ago
As the 2024 US presidential election approaches, Vice President Kamala Harris and former President Donald Trump find common ground on cannabis reform. Despite this political agreement, cannabis stocks remain stagnant due to structural trading issues. Experts suggest that banking reform could improve access for investors in cannabis stocks, reflecting a growing recognition of cannabis as a legal resource in the U.S.
Source: YAHOO
Reported 24 days ago
An investigation into MrBeast's workplace culture resulted in the firing of 5 to 10 employees, though it found no evidence of sexual misconduct allegations. The probe, led by attorney Alex Spiro, uncovered some instances of workplace harassment but determined there was no basis for claims against MrBeast team members regarding illegal conduct. The investigation involved interviews with 39 individuals and a review of extensive documents. This comes amid growing controversies surrounding Jimmy Donaldson, the YouTube star behind MrBeast, including allegations against associates and issues related to a recent production.
Source: YAHOO
Reported 24 days ago
US stock markets saw a recovery on Friday, with the Nasdaq and S&P 500 indexes rising by 0.8% and 0.4%, respectively, as Amazon's significant earnings report contributed to investor optimism. Despite a disappointing monthly jobs report that indicated only 12,000 jobs were added in October, leading to concerns about the economy, Amazon's strong performance, along with positive results from Intel, helped alleviate some of the negative sentiment in the tech sector. However, all three major indexes recorded losses for the week, and traders are anticipating a likely interest rate cut from the Federal Reserve at their upcoming meeting.
Source: YAHOO
Reported 24 days ago
Despite a disappointing job report for October, where only 12,000 jobs were added compared to expectations of 100,000, the stock market remains stable. Analysts suggest the report's impact was distorted by external factors such as hurricanes and labor strikes, indicating the market is focused more on future economic conditions rather than past employment data.
Source: YAHOO
Reported 24 days ago
A recent survey reveals that over 60% of employees believe their CEOs are 'digitally illiterate,' hindering productivity gains from AI tools. Despite the rapid push for AI adoption by major companies, many leaders lack awareness of its benefits, leading to significant time lost on manual tasks. Employees express frustration over this reluctance, emphasizing the need for CEOs to embrace digital technology to avoid becoming obstacles to organizational growth.
Source: YAHOO
Reported 24 days ago
As the 2024 US presidential election approaches, tax policy remains a critical issue. Key provisions of the Tax Cuts and Jobs Act (TCJA) are set to expire at the end of 2025. Yahoo Finance's Ben Werschkul highlights the contrasting tax strategies of Vice President Kamala Harris and former President Donald Trump, emphasizing the importance of this topic for the next administration.
Source: YAHOO
Reported 24 days ago
Lyft has agreed to pay $2.1 million to settle allegations that it misled drivers about potential earnings during the pandemic. The lawsuit, filed by the U.S. Justice Department, claimed Lyft exaggerated driver income potential to recruit more drivers as demand for ride-hailing services began to grow. Lyft's ads suggested earnings could exceed $40 per hour in major cities, but these figures were based on the top-performing drivers, making them unrealistic for most. As part of the settlement, Lyft will cease misleading practices and has already revised several of its procedures.
Source: YAHOO
Reported 24 days ago
A New Jersey man, Vadim Yermolenko, pleaded guilty to conspiracy and other charges related to a smuggling scheme designed to support Russia's military efforts. Yermolenko was part of a network that sought to acquire sensitive electronic components for Russian military purposes, violating U.S. sanctions. He faces up to 30 years in prison, and his case is part of a broader investigation by the Justice Department's Task Force KleptoCapture.
Source: YAHOO
Reported 24 days ago
As the US presidential election approaches, traders, particularly hedge funds, are increasingly optimistic about the dollar, with over $17.8 billion in bullish positions recorded. This sentiment is attributed to a rise in demand for safe-haven assets and market uncertainty surrounding the closely contested race between Kamala Harris and Donald Trump. Analysts suggest a Trump victory could bolster the dollar due to anticipated tariffs, while a Harris administration may bring less uncertainty, potentially diminishing the dollar's appeal. Concurrently, traders are also betting against the yen and euro, reflecting a more favorable outlook for the dollar.
Source: YAHOO
Reported 24 days ago
In light of the disappointing October jobs report, which saw just 12,000 nonfarm payroll jobs added due to factors like hurricanes and Boeing strikes, former Federal Reserve Bank of St. Louis president Jim Bullard argues that the US economy has successfully achieved a soft landing. He highlights strong GDP growth and ongoing labor market strength, suggesting that the Fed is likely to proceed with a 25-basis-point decrease in the policy rate, despite the signal-to-noise challenges presented by fluctuating job data.
Source: YAHOO
Reported 24 days ago
Apple is aiming to boost device upgrades by rolling out its AI features, but it faces the challenge of managing user expectations. Analyst Ben Bajarin highlights the unpredictability surrounding 'Apple Intelligence', noting that while Apple has the potential to lead in consumer software AI, it must clearly communicate its value to consumers to avoid overpromising and user disappointment.
Source: YAHOO
Reported 24 days ago
In a chaotic October marked by hurricanes and strikes, the U.S. labor market added only 12,000 jobs, falling drastically short of expectations and prompting political fallout for Kamala Harris and the Biden administration. While the White House labeled the report as 'noisy' due to external disruptions, critics, including Donald Trump, seized the opportunity to challenge the integrity of the numbers and highlight the economic difficulties facing the Harris campaign as they near the final days of the 2024 election.
Source: YAHOO
Reported 24 days ago
U.S. Representative Barbara Lee has expressed her interest in becoming the Secretary of the U.S. Department of Housing and Urban Development (HUD) should Vice President Kamala Harris win the presidential election. Lee, who previously sought the Democratic nomination for the Senate, is eager to work alongside Harris, emphasizing her experience and understanding of housing issues. She believes that Harris's approach could lead to innovative solutions for the housing crisis, distinguishing itself from the Biden administration.
Source: YAHOO
Reported 24 days ago
As the markets open in November, there is increasing anxiety among investors amid several event risks including a deadlocked presidential election and uncertainty surrounding Federal Reserve policies. Wall Street, previously buoyed by strong earnings and low credit risks, is now showing vulnerabilities, with tech earnings faltering and indicators of cross-asset risk reaching historically high levels for a pre-election period. Investors are adjusting their portfolios in anticipation of volatility related to the elections and upcoming fiscal policies, while the potential ramifications of a Trump presidential win loom large over the markets.
Source: YAHOO
Reported 24 days ago
Madrigal Pharmaceuticals' shares soared following Novo Nordisk's announcement of positive trial results for its weight-loss drug Wegovy, which is said to benefit patients with MASH, a fatty liver disease. Analysts believe this increased visibility for MASH could benefit Madrigal, whose own treatment may tackle aspects of the disease that Wegovy does not address.
Source: YAHOO
Reported 24 days ago
On November 1, 2024, major US stock indexes saw gains led by Amazon, despite a weak jobs report that heightened expectations for an interest rate cut. The S&P 500 rose 0.4%, Dow Jones by 0.7%, and Nasdaq by 0.8%, recovering from previous losses. For the year, the S&P 500 is up 20.1%, and the Dow and Nasdaq have also shown significant yearly gains.
Source: YAHOO
Reported 24 days ago
Atlassian (TEAM) saw its stock rise over 19% ahead of market close on November 1, 2024, after exceeding expectations for its fiscal first quarter earnings. The company was also upgraded to Overweight by KeyBanc analysts, contributing to a nearly 30% stock increase year-to-date. Analysts discussed the implications of this performance on a recent segment of Market Domination.
Source: YAHOO
Reported 24 days ago
The Nasdaq Composite and other major stock indexes ended the first trading day of November on a positive note, buoyed by earnings from leading tech companies, despite a disappointing jobs report indicating only 12,000 new positions created in October. The market looks ahead to upcoming events including the presidential election and the Federal Reserve meeting.
Source: YAHOO
Reported 24 days ago
US stocks began November on a positive note, with major indexes rising after a disappointing jobs report that showed only 12,000 jobs added in October, marking the lowest gains since December 2020. The report's weakness raised expectations for potential interest rate cuts by the Federal Reserve. Amazon's strong earnings boosted its stock by nearly 6%, while Apple's stock suffered a decline due to poor performance in China. The Dow Jones increased by nearly 300 points, closing at 42,051.80.
Source: YAHOO
Reported 24 days ago
Under new CEO Brian Niccol, Starbucks plans to revive the tradition of baristas writing names on coffee cups by acquiring 200,000 Sharpies. Niccol's strategy includes streamlining services, reintroducing condiment bars for customer convenience, and simplifying the menu to reflect the company's coffee-centric identity. He aims to address issues with mobile orders and improve customer experiences, assuring that the essence of personalized service remains intact.
Source: YAHOO