Reported about 1 month ago
Beyond Meat CEO Ethan Brown discusses the company's journey since its IPO in 2019, highlighting its growth amid a contracting market and ongoing competition from animal protein products. He emphasizes the importance of product improvement, showcasing Beyond IV, which has received endorsements from relevant health organizations, contributing to consumer approval for its taste and health benefits.
Source: YAHOO
Reported about 1 month ago
This week, the focus remains sharply on the labor market as economic uncertainties, particularly ahead of the US elections, are reflected in market volatility. Wells Fargo's Veronica Willis suggests prioritizing large-cap investments in equities and investment-grade bonds, anticipating these to offer more stability amid recent geopolitical tensions and economic data releases, particularly the upcoming jobs report for August.
Source: YAHOO
Reported about 1 month ago
Raising Cane’s Restaurants LLC has announced a remarkable 33% revenue increase in the first half of 2024, totaling $2.3 billion compared to $1.7 billion during the same period last year. The fast-food chain, known for its chicken fingers, is rapidly expanding its presence with over 800 locations worldwide. The financial growth has significantly boosted the net worth of its founder, Todd Graves, by $3.3 billion.
Source: YAHOO
Reported about 1 month ago
The latest report from the White House indicates that the US now has over 192,000 EV charging ports, a modest increase from previous quarters, yet still falling short of the goal to have 500,000 by 2030. The public's main concern regarding EV adoption remains the lack of sufficient charging infrastructure, with many citing it as a significant barrier to purchasing electric vehicles. Despite government funding through the National Electric Vehicle Infrastructure program, the expansion of charging stations is slow, highlighting the critical need for accessible and reliable charging solutions to support the transformation to electric vehicles.
Source: YAHOO
Reported about 1 month ago
The US Treasury yield curve briefly returned to a positive slope following disappointing labor market data, raising expectations for significant interest rate cuts by the Federal Reserve. As job openings fell to their lowest levels since early 2021, traders increased bets on both a quarter-point and potentially a half-point reduction in rates. This shift suggests a new cycle of easing may be necessary as the labor market shows signs of stress, heightening concerns over a possible recession.
Source: YAHOO
Reported about 1 month ago
Recent earnings reports from Dick's Sporting Goods and Dollar Tree highlight a trend where discount retailers are losing market share to larger competitors, particularly Walmart. Dollar Tree's CEO attributes this decline to significant pressures from the macroeconomic environment. Consumer behavior has shifted, with both low-income and middle-class shoppers becoming more value-conscious, leading them to frequent big box stores for a wider selection of low-cost items. This change in spending habits has resulted in dollar stores losing ground in the retail market.
Source: YAHOO
Reported about 1 month ago
In response to recent market fluctuations, Amplify ETFs CEO Christian Magoon shares insights on ETFs that can provide stability. He recommends re-evaluating core equity positions and considering high-quality covered call strategies to generate income while mitigating risks. Additionally, he highlights the Amplify Weight Loss Drug and Treatment ETF (THNR), the first of its kind, which focuses on companies involved in the growing GLP-1 weight loss drug market. Magoon's advice aims to help investors navigate the unpredictable landscape of the stock market.
Source: YAHOO
Reported about 1 month ago
The Federal Reserve Bank of Philadelphia is looking for a new president to replace Patrick Harker, who is set to retire next June. This development was reported by Reuters, and further insights can be found in a related video segment.
Source: YAHOO
Reported about 1 month ago
In a recent discussion on Yahoo Finance, CoinDesk Indices managing director Andy Baehr shared his perspective on the current state of Bitcoin, noting the cryptocurrency has been struggling below $57,000 following a challenging summer. Despite historical trends showing September as a tough month for markets, Baehr believes the macroeconomic conditions, including potential Federal Reserve rate cuts, present a 'perfect' environment for Bitcoin's potential recovery. He emphasizes the importance of Bitcoin's performance in driving the broader crypto market and encourages long-term investors to maintain their confidence.
Source: YAHOO
Reported about 1 month ago
In the debut episode of 'Decoding Retirement', expert Anne Lester emphasizes the S.T.A.S.H. acronym—Save for a rainy day, use Tax advantage savings, Assess your budget and pay off debt, Stay the course with maximum retirement contributions, and Have fun—as essential principles for millennials and Gen Z to secure their financial futures. Retirement planning involves proactive steps including building an emergency fund and managing debt effectively, highlighting the importance of starting to save early.
Source: YAHOO
Reported about 1 month ago
Qualcomm's shares have increased after the introduction of its latest AI PC chip, which aims to enhance the company's competitive stance against rivals like Intel. The chip's features and capabilities were highlighted in a recent discussion led by Catalysts' Brad Smith and Madison Mills.
Source: YAHOO
Reported about 1 month ago
Nvidia's stock has faced significant pressure, with nearly $300 billion lost in market capitalization recently. Investment experts, including Harvest Portfolio Management's Paul Meeks, suggest holding through the current sell-off and looking for a buying opportunity, particularly around a potential drop below $100 per share. This technical analysis reflects a shift in focus from fundamentals to technical indicators as investors navigate the challenging tech environment.
Source: YAHOO
Reported about 1 month ago
Goldman Sachs has voiced concerns that if former President Donald Trump were to win the upcoming election, it could have a detrimental effect on the US GDP. Conversely, the bank is optimistic about Vice President Kamala Harris, believing that her economic plans could stimulate growth through increased spending and tax credits for middle-income households.
Source: YAHOO
Reported about 1 month ago
The Nordstrom family, led by CEO Erik Nordstrom and President Peter Nordstrom, has made a buyout offer of $3.76 billion in collaboration with Mexican retailer El Puerto de Liverpool to privatize the department store chain. If successful, this acquisition will mark a significant shift for the company, bringing it under the control of its founding family.
Source: YAHOO
Reported about 1 month ago
Job openings in the United States fell to 7.67 million in July, the lowest level since January 2021, down from 7.91 million in June, according to new data from the Bureau of Labor Statistics. This decline raises speculation about the Federal Reserve potentially cutting interest rates amid a cooling labor market. While hiring increased slightly with 5.5 million hires in July, the quits rate rose to 2.1%. Economists interpret these trends as indicative of easing labor demand, with expectations for future interest rate cuts growing.
Source: YAHOO
Reported about 1 month ago
Shares of Dick’s Sporting Goods fell by up to 11% after the company raised its full-year profit forecast, which investors found disappointing compared to their expectations for a more significant increase. Despite reporting solid results and growth across various income demographics, analysts noted that the company's new guidance did not fully reflect the better-than-expected second-quarter results, hinting at a potential slowdown in the latter half of the year.
Source: YAHOO
Reported about 1 month ago
Nvidia is facing scrutiny from the U.S. Department of Justice over potential antitrust violations related to its monopolistic practices. Former Assistant Attorney General Bill Baer discussed the situation, indicating that while the intentions behind the subpoenas are unclear, the investigation could take several months to unfold, as authorities aim to address market trends that may lead to monopolies, particularly in the AI sector.
Source: YAHOO
Reported about 1 month ago
The July Job Openings & Labor Turnover Survey (JOLTS) recorded 7.67 million job openings, falling short of the expected 8.1 million and marking the lowest level since January 2021. Glenmere VP Mike Reynolds noted this decline suggests a normalization of the labor market rather than deterioration, as it draws closer to pre-COVID levels. He emphasized maintaining a neutral investment strategy amid market uncertainties while monitoring economic conditions closely.
Source: YAHOO
Reported about 1 month ago
Gas prices in the U.S. are expected to decline further, potentially reaching $3 per gallon by the end of the year. This prediction comes as oil prices fall and demand for driving fuel remains below last year's levels. The national average price currently sits at $3.32, with some states already seeing prices below $3. Factors such as the end of the summer driving season and the transition to winter-grade gasoline contribute to this downward trend.
Source: YAHOO
Reported about 1 month ago
Argus Research has downgraded Airbnb's stock from Buy to Hold, attributing this decision to a decline in room night bookings on the platform. The downgrade comes amid Airbnb's calls for New York City to relax regulations on short-term rentals, highlighting the challenges the company is currently facing.
Source: YAHOO
Reported about 1 month ago
Market strategist Jeffrey Kleintop discusses how the recent sell-offs in Big Tech stocks are intertwined with the trading dynamics of the Japanese yen. He highlights that the yen's movements could signal future trends for tech investments, and suggests that the effects of the yen carry trade may last throughout 2024. Kleintop notes that while tech stocks are struggling, other sectors like financials, energy, and materials are gaining momentum, indicating a broader market strength.
Source: YAHOO
Reported about 1 month ago
GitLab's shares surged after the company exceeded second-quarter earnings expectations and raised its annual revenue forecast. CFO Brian Robins highlighted a stable demand environment with a 31% year-over-year revenue growth and a notable 91% non-GAAP gross margin. Despite a cautious spending climate, GitLab's ease of implementation and strong enterprise offerings have driven success, with a Forrester ROI study showcasing a return over 400% and a payback period of under six months for its Ultimate product.
Source: YAHOO
Reported about 1 month ago
The latest Job Openings and Labor Turnover Survey (JOLTS) from the US Bureau of Labor Statistics shows that job openings in July reached 7.67 million, falling below the anticipated 8.1 million. This figure represents the lowest level of job openings since January 2021, raising concerns about the labor market heading into the upcoming August jobs report.
Source: YAHOO
Reported about 1 month ago
Bitcoin prices have fallen below $57,000 as September begins on a rough note, raising concerns about potential implications for crypto miners and the market dynamics ahead.
Source: YAHOO
Reported about 1 month ago
This article discusses recent movements in the stock prices of three notable semiconductor companies: ASML, which was downgraded to Neutral by UBS; Super Micro Computer, which saw a decline following a downgrade by Barclays; and Advanced Micro Devices, whose shares rose after appointing a new AI market executive formerly of Nvidia. For further details, viewers are encouraged to watch the full episode of Morning Brief.
Source: YAHOO