Reported about 1 month ago
During the Citi Global TMT Conference, Dell Technologies CEO Michael Dell spoke with Yahoo Finance about the company's AI integration strategy. He emphasized that AI will enhance user experience on PCs by increasing productivity and efficiency. Dell believes this is a pivotal moment for businesses to capitalize on AI, which is developing rapidly, surpassing the pace of the internet boom. Despite the challenges, he remains optimistic about continued demand for updated PCs and software, while assuring that customer data remains protected.
Source: YAHOO
Reported about 1 month ago
Former Republican presidential candidate Vivek Ramaswamy advocates for a redefined Federal Reserve mandate focused solely on dollar stability. He argues that by prioritizing a stable dollar, the Fed can create more efficient markets, contrasting current practices that rely heavily on lagging economic indicators which may lead to detrimental monetary policy decisions. As the Fed approaches its next rate decision, this proposal adds to the evolving dialogue around U.S. monetary policy.
Source: YAHOO
Reported about 1 month ago
Former Republican presidential candidate Vivek Ramaswamy joined Yahoo Finance to share his views on the current economic landscape in the U.S. He critiques the Federal Reserve's dual mandate on unemployment and inflation, advocating for a focus on dollar stability instead. Ramaswamy also calls for clearer regulations in the cryptocurrency sector and discusses the Fed's perceived independence from political influence. He expresses concern over rising living costs for Americans and the potential negative impact of proposed tax policies.
Source: YAHOO
Reported about 1 month ago
Morningstar's Chief US Market Strategist, David Sekera, highlights the potential of utilities as a significant investment opportunity, comparing their undervaluation to the tech sector. With a year-to-date increase of around 22%, he believes utilities can be intertwined with the growing demands of AI, which requires more electricity. As AI technology expands, Sekera posits that utilities may represent a fundamental aspect of future investment strategies.
Source: YAHOO
Reported about 1 month ago
Markets ended mixed as major indexes attempted to recover from a tech-driven sell-off, with investors focusing on recent jobs data and anticipating upcoming Federal Reserve interest rate decisions amidst a rotation out of the tech sector.
Source: YAHOO
Reported about 1 month ago
On Holding Co-CEOs Martin Hoffmann and Marc Maurer discuss the company's successful strategies amid challenging market conditions, emphasizing strong global demand and expansion plans in China. They highlight the importance of robotics in production to enhance sustainability and cost-efficiency, aiming to innovate within the running and footwear industries.
Source: YAHOO
Reported about 1 month ago
As the 2024 summer box office comes to a close, industry experts reflect on its performance amid the recovery from the 2023 writers and actors strike. Despite a slow start due to a lack of major releases in May, June, July, and August saw a significant rebound, with two films surpassing $600 million. Analysts suggest that while the box office has not returned to pre-pandemic levels, the diverse successes across various genres indicate a positive trend for the future of cinema.
Source: YAHOO
Reported about 1 month ago
Beginning your venture into options trading? It’s crucial to remain aware of potential losses. According to Interactive Brokers' strategist Steve Sosnick, a significant percentage of options (up to 80%) may expire worthless, highlighting that sellers tend to dominate in this market. Understanding these risks can guide new traders towards more informed decisions.
Source: YAHOO
Reported about 1 month ago
Topgolf Callaway Brands (MODG) has announced plans to separate into two distinct entities: Callaway, which will focus on equipment and apparel, and Topgolf, which will concentrate on the entertainment sector. While the spin-off of Topgolf is expected, the board is still evaluating the final options.
Source: YAHOO
Reported about 1 month ago
Johnson & Johnson is set to add $1.1 billion to its proposed settlement addressing claims that its talc products, including baby powder, led to cancer. This increase would elevate the total settlement to over $9 billion, with the intention to resolve legal actions from tens of thousands of plaintiffs. The company plans to finalize the agreement through a subsidiary bankruptcy, while maintaining that its talc products are safe. Despite this, some lawyers representing cancer victims oppose the settlement plan.
Source: YAHOO
Reported about 1 month ago
Tomorrow, ADP will release data on private payroll employment for August, while Broadcom and several other companies will report their fiscal third-quarter earnings. Additionally, Freddie Mac is set to publish the latest US mortgage rates, providing essential insights into the economy.
Source: YAHOO
Reported about 1 month ago
Goldman Sachs VP Brooke Roach highlights the critical role of 'value' and 'innovation' in driving retail growth during an interview at the Global Retailing Conference. As consumer behavior shows a split between market share winners and struggling department stores, Roach emphasizes that retailers succeeding in today's market are those embracing innovative strategies, particularly as the holiday season approaches.
Source: YAHOO
Reported about 1 month ago
C3.ai reported a quarterly subscription revenue of $73.5 million, missing estimates of $79.1 million, leading to a 17% drop in its shares. This underperformance is attributed to enterprises cutting back on software investments due to economic uncertainties and high interest rates. Despite the decline, total revenue exceeded expectations at $87.2 million, and the company maintained its overall revenue forecast for the fiscal year.
Source: YAHOO
Reported about 1 month ago
The U.S. Securities and Exchange Commission (SEC) has decided to end its legal attempts to revive a rule requiring hedge funds and private equity firms to disclose fees after being rebuffed by a federal appeals court. The SEC stated that it would focus on other initiatives rather than pursuing an appeal to the Supreme Court, marking a significant victory for industry groups that challenged the regulation aimed at increasing transparency for investors.
Source: YAHOO
Reported about 1 month ago
Hewlett Packard Enterprise (HPE) raised its annual profit forecast due to a surge in demand for AI servers powered by Nvidia technology. While HPE's third-quarter server revenue reached $4.3 billion, a 35% increase year-over-year, its shares fell nearly 3% following a drop in quarterly revenue from its data analysis and traditional cloud segments. The company expects adjusted earnings per share for the year between $1.92 and $1.97 and forecasts fourth-quarter revenues of $8.1 billion to $8.4 billion, slightly above analyst predictions.
Source: YAHOO
Reported about 1 month ago
Despite recent market volatility, Keith Lerner, Chief Market Strategist at Truist, suggests that a stock market rally could be on the horizon following a possible interest rate cut from the Federal Reserve. Historically, September tends to be weak, but Lerner believes that with the approach of an election year, the market may experience increased volatility before a potential relief rally in October.
Source: YAHOO
Reported about 1 month ago
The Abu Dhabi National Oil Company (Adnoc) has acquired a 35% stake in Exxon Mobil's Baytown hydrogen project in Texas, expected to be one of the largest in the world. The project aims to produce 1 billion cubic feet of hydrogen daily and 1 million tons of ammonia annually, with operations projected to start around 2029. Despite challenges due to tax credit disputes, executives are optimistic about the plant's potential to contribute to lower carbon emissions using carbon capture technologies.
Source: YAHOO
Reported about 1 month ago
With the NFL season about to start, analysts predict a historic $33 billion in wagers on sports betting platforms. Jordan Bender from Citizens JMP highlights the evolution and innovation within the industry as crucial for attracting new users. However, as growth slows, platforms must find new ways to engage customers and drive revenue, presenting ongoing challenges for the sector.
Source: YAHOO
Reported about 1 month ago
During a trial in Portland, Oregon, Kroger's CEO Rodney McMullen attributed the rising grocery prices to escalating costs from suppliers, fuel, and credit card processing fees, while defending a proposed $25 billion merger with Albertsons. He argued that the merger would enhance competitiveness against Walmart and assured that Kroger would not increase prices post-merger, despite ongoing concerns about soaring food prices which have risen significantly in recent years.
Source: YAHOO
Reported about 1 month ago
Vice President Kamala Harris recently announced a new plan for small businesses and proposed a capital gains tax rate of 28% for the ultra-rich, which diverges from President Biden's higher rate. This move comes after criticism from business leaders about the perceived punitive nature of the Biden-Harris capital gains approach. While maintaining support for taxing unrealized gains of billionaires, Harris emphasized the need for fairer tax policies that promote innovation and investment.
Source: YAHOO
Reported about 1 month ago
Citi's US equity strategist Drew Pettit suggests that the market is entering a new phase for green investing as the Federal Reserve starts to lower interest rates. This shift could boost clean energy infrastructure investments, with Pettit noting that lower rates may accelerate growth in green stocks beyond the overall market. He emphasizes the importance of the industrial sector in the green transition, highlighting the need for improved manufacturing processes to utilize resources effectively.
Source: YAHOO
Reported about 1 month ago
As the NFL's 2024 season approaches, the traditional viewing experience is transforming with a clearer hand-off to major streaming companies. With a plethora of platforms emerging, sports fans now enjoy unprecedented options to watch their favorite teams. Yahoo Finance's Alexandra Canal discusses the implications of this shift for the sports broadcasting landscape.
Source: YAHOO
Reported about 1 month ago
Nvidia has stated it has not received a subpoena from the U.S. Department of Justice (DOJ) concerning its acquisition of RunAI and antitrust issues, despite ongoing communications with the agency. The DOJ is reportedly gathering information about Nvidia’s market practices and its position in the AI chip industry, amid concerns about potential competition stifling. Nvidia maintains that its market advantage is due to product merit and is willing to cooperate with regulators.
Source: YAHOO
Reported about 1 month ago
ChargePoint Holdings, the US's largest electric vehicle charging network, is planning to reduce its workforce by 15% after failing to meet revenue expectations. The company anticipates that this workforce reduction will save approximately $41 million in operating expenses. Following the announcement, ChargePoint's shares fell by 8.8%. This is not the first instance of layoffs for ChargePoint, having already cut 10% of its workforce last September and additional layoffs earlier in the year.
Source: YAHOO
Reported about 1 month ago
Steward Health Care, the largest private hospital operator in the U.S., has received court approval to sell six hospitals in Massachusetts for $343 million, despite incurring no profit from the sale. U.S. Bankruptcy Judge Christopher Lopez described the deal as the best option available to help minimize losses for the company, which is burdened by $9 billion in debt. The sale includes acquisitions by Lifespan Health System, Boston Medical Center, and Lawrence General Hospital, with Massachusetts providing financial support as part of the agreement.
Source: YAHOO