Reported 24 days ago
With Donald Trump and Kamala Harris in a tight race for the presidency, investors will focus on key counties in crucial swing states during Election Night. Analysis from leading financial institutions highlights pivotal areas like Arizona's Maricopa County, Florida's Miami-Dade, Georgia's urban counties, and others across states such as Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. The results from these bellwether locations are expected to provide significant indications of the overall election outcome.
Source: YAHOO
Reported 24 days ago
In episode 778 of WHAT THE TRUCK?!?, host Timothy Dooner and co-host Morgan MacDermaid focus on helping job seekers in the supply chain industry. They interview two candidates from sales and operations, Jason Barry and Christopher Pride, who share their job search struggles and offer valuable insights. Additionally, they discuss the impact of AI on hiring processes and provide tools to enhance job applicants' chances of success.
Source: YAHOO
Reported 24 days ago
Boeing has shut down its global diversity, equity, and inclusion (DEI) department and combined its staff with another human resources team, following the resignation of DEI vice president Sara Bowen. This move is part of a larger restructuring effort, as the company plans to lay off 17,000 employees by early next year. Additionally, as striking members of the International Association of Machinists and Aerospace Workers prepare to vote on a new contract proposal promising significant wage increases and benefits, Boeing's restructuring raises concerns about job security and organizational focus.
Source: YAHOO
Reported 24 days ago
In an interview with TechCrunch, General Motors CEO Mary Barra discussed the company's transformation into a technology-driven automaker. She highlighted GM's innovations in software, electrification, and autonomous driving, while elaborating on its evolution towards becoming a data-centric organization. Barra also addressed GM's competitive position in the EV market, its ventures in AI, and significant climate commitments as part of their commitment to a sustainable future.
Source: YAHOO
Reported 24 days ago
Source: INVESTORS
Reported 24 days ago
Walt Disney has created a new business unit called the Office of Technology Enablement to manage the integration of artificial intelligence and mixed reality technologies across its film, television, and theme park divisions. Led by Jamie Voris, the unit aims to explore emerging technology applications while aligning them with Disney's broader strategy. This move is part of Disney's ongoing efforts to adapt to advancements in technology that could enhance consumer experiences and drive creative initiatives.
Source: YAHOO
Reported 25 days ago
Trump Media & Technology Group's stock (DJT) has fallen 20% over the past week, capping off a tumultuous period marked by trading halts and sharp price declines just days before the presidential election. After initially surging to start the week, shares plummeted by over 22% by Wednesday, leading to a market cap loss of more than $4 billion. Investors are concerned that if Trump loses the election, DJT's stock could drop to zero, driven by speculation around the election outcome.
Source: YAHOO
Reported 25 days ago
As new regulations loom over the crypto market, $16 billion in FTX assets is set to be redistributed to investors, with a significant portion expected to be reinvested in cryptocurrencies. Experts discuss the potential positive impact on the market and the interest from large corporations like Microsoft in bitcoin. However, they caution about the underlying risks in the unpredictable crypto landscape.
Source: YAHOO
Reported 25 days ago
Major stock indexes experienced slight gains despite a disappointing jobs report for October, which revealed only 12,000 jobs added, significantly below the expected 100,000. Contributing factors included hurricanes and strikes affecting the labor market. Investors are now gearing up for upcoming significant events, including the U.S. presidential election and the Federal Reserve's FOMC meeting.
Source: YAHOO
Reported 25 days ago
Bitcoin is gaining legitimacy as an asset class among institutional investors, with discussions highlighting its volatility and evolving perception. Roundtable discussions showed that major players are increasingly investing in Bitcoin ETFs, providing broader access to retail investors. The shift in sentiment is evident with firms like BlackRock promoting Bitcoin and companies like Microsoft considering it for treasury holdings, marking a significant change in the financial landscape.
Source: YAHOO
Reported 25 days ago
Source: BARRONS
Reported 25 days ago
The Manufacturing Purchasing Managers' Index (PMI) has fallen to 46.5, indicating the lowest manufacturing activity level for 2024, according to the Institute for Supply Management (ISM). This decline reflects a 26-month contraction driven by a lack of new orders and diminished demand. ISM chair Tim Fiore emphasizes that the manufacturing sector is facing significant challenges, with the order book exhausted and output measures like production and employment declining as a result. Despite some unexpected elements, including the impact of recent hurricanes, the overarching trend points to ongoing economic uncertainty.
Source: YAHOO
Reported 25 days ago
Financial market fears regarding the recent UK budget have diminished as interest rates on British debt stabilized and the pound strengthened against other currencies. The Labour government's budget raised taxes by £40 billion, its largest increase in over 30 years, which initially caused some investor unease. However, current market reactions have shown improvements compared to previous budget responses, with bond yields steady and a slight rise in the pound.
Source: YAHOO
Reported 25 days ago
The U.S. Department of Transportation has established a new rule that ensures air travelers receive automatic refunds and travel vouchers if their flights are canceled or significantly delayed. This regulation aims to enhance consumer protections for passengers, making it easier for them to get compensation in such scenarios.
Source: YAHOO
Reported 25 days ago
Exxon Mobil and Chevron reported better-than-expected profits for the third quarter, benefiting from record U.S. oil production that mitigated the impact of declining fuel margins. Despite challenges from weak demand, particularly in China, both companies achieved significant output increases, with Exxon reaching 4.6 million barrels per day. Although year-over-year profits dipped, they were less severe than anticipated and outperformed European competitors like BP and TotalEnergies.
Source: YAHOO
Reported 25 days ago
Major airline groups have criticized the Biden administration's review of air travel competition, claiming it requires more time and could significantly affect the future of U.S. aviation. They are requesting an additional 60 days for public comment beyond the December deadline, emphasizing that rushed assessments may undermine essential information gathering during the busy holiday season. The U.S. Department of Transportation is considering their request, while the Biden administration continues its focus on enhancing airline competition.
Source: YAHOO
Reported 25 days ago
Investors are investing heavily in bitcoin-tracking ETFs ahead of the upcoming U.S. elections, anticipating potential volatility in the cryptocurrency market. Notably, the iShares Bitcoin Trust ETF experienced its largest one-day inflow since its launch, driven by speculation about a potential return of GOP candidate Donald Trump. With polls indicating a competitive race against Democrat Kamala Harris, both traders and analysts foresee price fluctuations amid possible pro-crypto legislation post-election.
Source: YAHOO
Reported 25 days ago
Source: BARRONS
Reported 25 days ago
Boeing shares surged nearly 4% after the company reached a tentative agreement with the International Association of Machinists to end a six-week strike. The plan includes a 38% wage increase over four years, adjusted bonuses, and improved healthcare, addressing significant financial losses of nearly $8 billion this year. The settlement could help stabilize Boeing's cash flow, which has been seriously impacted by the work stoppage and delivery issues.
Source: YAHOO
Reported 25 days ago
Starting a small business can be difficult, and many entrepreneurs struggle to meet their goals. In a recent episode of Financial Freestyle, Ross Mac discusses key entrepreneurial insights from Dave Salvant, co-founder and president of Squire Technologies Inc., to help aspiring business owners navigate challenges.
Source: YAHOO
Reported 25 days ago
Next week, key economic indicators will be released, including the U.S. monthly trade balance and consumer credit data. The Commerce Department's report is expected to show a slight widening of the trade gap to $72.7 billion for September. Additionally, the Federal Reserve will conclude a meeting where they may announce further interest rate cuts after recent positive economic reports. Lastly, consumer borrowing is anticipated to rise by $11.6 billion, reflecting ongoing growth in household debt.
Source: YAHOO
Reported 25 days ago
Despite surpassing revenue estimates with $94.9 billion in Q4, Apple's earnings fell short of expectations, primarily due to a one-time charge. Sales in Greater China and iPhone revenue growth were also below projections. Analyst Tom Forte emphasizes that delays in AI features could jeopardize Apple's upgrade cycle and cites challenges like China's economic weakness.
Source: YAHOO
Reported 25 days ago
Kamala Harris's campaign is cautioning business leaders about the potential economic risks posed by Donald Trump, emphasizing his disdain for democracy and the rule of law. Trump's team counterclaims that his presidency would lower prices and foster unparalleled economic growth through tariff hikes and tax cuts. As both campaigns vie for the business community's support, experts highlight the crucial role of democratic values in ensuring long-term investments and economic stability, intensifying the debate over Trump's historical impact on American democracy and economic policy.
Source: YAHOO
Reported 25 days ago
Donald Trump's proposed tariffs could significantly increase costs for gamers if implemented, potentially raising prices on gaming consoles and accessories by up to 45%. While the tariffs aim to encourage domestic manufacturing, experts suggest that manufacturers are unlikely to absorb the costs, leading to higher consumer prices, which may impact young male voters, a crucial demographic for Trump's campaign.
Source: YAHOO
Reported 25 days ago
Superscrypt, a blockchain venture capital firm supported by Temasek Holdings, aims to raise up to $100 million for its second investment fund, with Temasek and fintech company Republic as lead investors. The fund focuses on early-stage blockchain technology and applications, and comes after a challenging year for the cryptocurrency sector marked by high-profile bankruptcies. Despite past setbacks, venture capital interest in digital assets is regaining momentum.
Source: YAHOO