Reported about 1 month ago
In a recent discussion on Yahoo Finance's show Living Not So Fabulously, hosts David & John Auten-Schneider highlighted the gap in personal finance resources tailored for the LGBTQ+ community. They spoke with Jane Sasseen, executive director of the McGraw Center for Business Journalism, who emphasized that financial education must address the unique economic challenges faced by LGBTQ+ individuals, including gay couples, women, and trans people. The need for specialized finance advice is significant, suggesting that media could dedicate extensive content to this important area.
Source: YAHOO
Reported about 1 month ago
Nvidia's stock fell by 8% on Tuesday, reaching its lowest level since mid-August as the overall market declined on the first trading day of the month. Analysts attributed the drop to a broader market rotation into defensive sectors rather than issues specific to Nvidia. Despite strong quarterly results, investor concerns over decreased gross margins contributed to the stock's decline. However, expectations of increased production of Nvidia's new Blackwell chip in the upcoming quarters have retained bullish sentiment from analysts.
Source: YAHOO
Reported about 1 month ago
Nvidia shares fell over 9% to close at $108, marking their lowest point since mid-August, amidst a broader market decline. The chipmaker faced challenges after reporting quarterly results that, despite beating estimates, indicated lower gross margins. Analysts suggest rising concerns ahead of the upcoming production ramp of its new Blackwell chip, although many remain optimistic about its long-term growth potential.
Source: YAHOO
Reported about 1 month ago
The Nasdaq index fell by 2% as investors await an important jobs report and anticipate the Federal Reserve's rate cut, with recession fears heightened by rising unemployment. The semiconductor sector is under pressure due to disappointing earnings from Nvidia, significantly impacting stocks like Taiwan Semiconductor and AMD. Upcoming earnings reports from Broadcom may provide further insights into the sector's trajectory.
Source: YAHOO
Reported about 1 month ago
As the 2024 presidential election approaches, Fundstrat's Sean Farrell discusses how bitcoin can cater to both Democrats and Republicans, highlighting its dual nature of appealing to right-leaning interests while also resonating with progressive themes like financial access and accountability. He envisions a future where bitcoin and stablecoins could become bipartisan topics in the political landscape.
Source: YAHOO
Reported about 1 month ago
In a recent analysis, Bernstein's senior analyst Stacy Rasgon highlighted that August chip sales fell below seasonal trends, attributing it to an 'asynchronous cycle' where different markets are performing variably. While some segments, like PCs and smartphones, are not performing well, Rasgon notes potential growth compared to last year, particularly in AI, which remains strong. He advises investors to focus on a three-month outlook rather than monthly fluctuations, emphasizing the need to selectively target specific markets.
Source: YAHOO
Reported about 1 month ago
Costco has increased its annual membership fees for the first time since 2017, raising prices by $5 to $65 for its 'Gold Star,' 'Business,' and 'Business Add-On' plans in the US and Canada. The premium 'Executive Membership' fee has also gone up by $10 to $130. This change affects approximately 52 million memberships and comes alongside tightened entry policies aimed at preventing non-members from using members' cards.
Source: YAHOO
Reported about 1 month ago
Costco has raised its membership fees for the first time in seven years, effective September 1. The Gold Star membership will increase by $5 to $65, while the Executive membership will rise by $10 to $130. Yahoo Finance senior reporter Brooke DiPalma discusses this pricing strategy.
Source: YAHOO
Reported about 1 month ago
Rite Aid has successfully completed its financial restructuring and will now operate as a private company after emerging from Chapter 11 bankruptcy. The drugstore chain, having canceled all its common shares and transitioned ownership to certain creditors, has eliminated approximately $2 billion in debt and secured $2.5 billion in exit financing. Its restructuring allowed it to close hundreds of stores and sell its pharmacy benefit company, Elixir, in a bid to stabilize its operations following significant losses and numerous lawsuits.
Source: YAHOO
Reported about 1 month ago
During the COVID-19 pandemic, Economic Injury Disaster Loans (EIDL) provided crucial support for small businesses. However, many businesses are now struggling to repay these loans, as highlighted by a Federal Reserve survey showing that companies with outstanding EIDL debt face higher debt levels and increased difficulties in securing additional support. This has hampered their growth, despite many businesses asserting that the loans were essential for their survival during the crisis.
Source: YAHOO
Reported about 1 month ago
Despite anticipation of a Federal Reserve rate cut during the September FOMC meeting, Dana D'Auria, Co-CIO and Group President at Envestnet Solutions, does not expect a significant 50-basis-point cut. She highlights the importance of the upcoming jobs report in determining the potential impact of rate changes, suggesting that while a cut may be on the horizon, its scale remains uncertain. D'Auria also advocates for investors to focus on more value-oriented sectors like small-cap stocks for long-term growth.
Source: YAHOO
Reported about 1 month ago
As September begins, investors are preparing for a busy month filled with significant market events. Attention will be on the August jobs report due on September 6, which may influence the Federal Reserve's rate decision on September 18. Additionally, inflation reports and the upcoming elections could further impact stock movements. Yahoo Finance's discussion with chief strategist Steve Sosnick highlights the volatility index and the complexities of trading zero-days till expiration options amidst current economic conditions.
Source: YAHOO
Reported about 1 month ago
The US stock market faced a decline at the beginning of September, traditionally a challenging month, with the Dow Jones dropping over 400 points and the tech-heavy Nasdaq falling 2.4%. The downturn was led by Nvidia, which fell more than 7% following disappointing earnings, alongside other chip stocks like Broadcom and Qualcomm. Investors are cautious as they await significant economic data, including the upcoming jobs report, which may influence the Federal Reserve's interest rate decisions.
Source: YAHOO
Reported about 1 month ago
As interest rates are expected to fall, cryptocurrency expert Sean Farrell from Fundstrat believes that Bitcoin will emerge as the best-performing asset in the upcoming market volatility. He emphasizes the importance of understanding the risks in the current economic climate and anticipates that with easing monetary policies, Bitcoin will lead the way out of potential recession, suggesting that investors should prepare for both volatility and opportunities ahead.
Source: YAHOO
Reported about 1 month ago
Elliott Management has acquired a 10% stake in Southwest Airlines, allowing them to call for special meetings and demand the resignation of certain board members, including CEO Bob Jordan. Though some aviation experts believe that the airline's performance does not require drastic changes, Elliott is advocating for input from former airline executives on the board while suggesting minor adjustments to the company's operations.
Source: YAHOO
Reported about 1 month ago
President Emmanuel Macron's prolonged decision on appointing a new prime minister is restricting lawmakers' ability to modify France's budget. As the deadline approaches for presenting the budget bill, concerns are mounting over the rising national deficit and the impact of recent political instability on the economy, with the left-wing opposition demanding substantial spending increases.
Source: YAHOO
Reported about 1 month ago
LPL Financial's Chief Technical Strategist Adam Turnquist shared insights on the current economic landscape, emphasizing that the labor market is now a primary concern, shifting inflation to a secondary focus. As the market faces volatility ahead of an upcoming jobs report and the Federal Reserve's interest rate decision, Turnquist expresses optimism about achieving the Fed's 2% inflation target, noting consistent positive economic indicators.
Source: YAHOO
Reported about 1 month ago
McDonald's has become a focal point in the current presidential campaign as both Kamala Harris and Donald Trump seek to connect with the fast-food chain's vast American customer base. Harris highlights her past employment at McDonald's in an effort to resonate with voters, while Trump uses the chain to challenge his opponent. However, analysts suggest that while political visibility might sway public opinion, it is the impending policy issues—such as minimum wage and labor practices—that will significantly affect McDonald's operations moving forward.
Source: YAHOO
Reported about 1 month ago
The German government announced plans to decrease its 16.5% stake in Commerzbank AG, seizing the opportunity after a recent share rally. With the bank's shares up approximately 20% this year and trading at over €13, the federal finance agency indicated a positive outlook by starting to exit its investment. Although the government has no immediate plans to sell its entire stake, it joins other European nations in divesting from banks rescued during the financial crisis.
Source: YAHOO
Reported about 1 month ago
Electricite de France SA has raised its nuclear output forecast for 2024 to between 340 and 360 terawatt hours, up from 315 to 345 TWh, due to improved maintenance and stable weather conditions. However, the connection of a new nuclear plant, Flamanville 3, to the grid will be delayed until the end of autumn, after overcoming multiple construction challenges. This adjustment in forecast is significant as France faces a past where it was a net power importer. Improvements in EDF's nuclear production are aiding to stabilize wholesale electricity prices in Europe.
Source: YAHOO
Reported about 1 month ago
Victoria Fernandez, chief market strategist at Crossmark Global Investments, warns that while the technology sector has been a key market driver, it may not sustain its leadership through the end of 2024 due to increasing market uncertainty. She advises investors to consider diversifying into other sectors, such as financials, as potential volatility looms.
Source: YAHOO
Reported about 1 month ago
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has tapped the bond market for the fourth time this year, raising $2 billion through a three-year sukuk and a green bond. The sukuk's spread was tightened significantly due to strong demand, and the fund's efforts are part of its broader strategy to finance substantial domestic investments, with financing needs projected at $22 billion for 2024.
Source: YAHOO
Reported about 1 month ago
New Fortress Energy has received authorization from the U.S. Department of Energy to export liquefied natural gas (LNG) from its facility in Mexico to non-free trade agreement countries. The company can export up to 1.4 million tonnes per annum for five years, starting from its Fast LNG 1 project which began output in July. This comes as demand for LNG is anticipated to grow in Latin America, particularly in nations like Brazil and Jamaica.
Source: YAHOO
Reported about 1 month ago
Boeing Co.'s stock faced a significant decline, dropping as much as 8.9%, after Wells Fargo & Co. downgraded its rating to a sell-equivalent. Analyst Matthew Akers expressed skepticism about the company's prospects and set a price target of $119, indicating a potential 32% decrease over the next year. The move reflects concerns over Boeing's cash flow, debt load, and ongoing operational challenges.
Source: YAHOO
Reported about 1 month ago
Galderma's private equity backers are set to sell a $1.2 billion stake in the skincare company after a successful initial public offering, which saw shares rise by 52% since March. The sale, representing a 5.5% stake, is being coordinated by major investment banks, and there is strong demand from investors. This follows a broader trend of private equity firms offloading stakes in European companies after notable IPO performances.
Source: YAHOO