Reported about 1 month ago
After nearly 10 years of writing about Social Security, the author highlights that individuals should not rely solely on Social Security benefits during retirement, as it typically replaces only about 40% of pre-retirement income. Instead, they emphasize the importance of saving independently and consistently contributing to a retirement plan. Understanding the benefits and planning ahead can empower individuals to approach retirement with greater confidence.
Source: YAHOO
Reported about 1 month ago
In the face of market uncertainties, analysts highlight that consumer staples, healthcare, and a cautious approach to technology investments are likely to perform well. Crossmark Global Investments' strategist Victoria Fernandez warns of continued volatility due to various factors like the upcoming jobs report and potential interest rate adjustments by the Federal Reserve. She advises investors to focus on traditionally stable sectors and maintain liquidity while being cautious with small-cap stocks.
Source: YAHOO
Reported about 1 month ago
This morning, Volkswagen's leadership warned of potential plant closures in Germany due to fierce competition in the auto industry, a historic move for the company. Meanwhile, US Steel's ownership is under scrutiny after a $15 billion acquisition offer from Nippon Steel, facing opposition from prominent political figures, including Vice President Kamala Harris and President Biden. On a positive note, Unity Software shares rose after receiving an upgrade from Morgan Stanley. Morning Brief anchors Brad Smith and Madison Mills provided these updates.
Source: YAHOO
Reported about 1 month ago
In August 2024, Tesla sold over 63,000 cars in China, marking its best sales month in the region this year. This achievement highlights Tesla's strong position in the expanding electric vehicle market.
Source: YAHOO
Reported about 1 month ago
After a remarkable rise of nearly 1,000% since early 2023, Nvidia's stock stumbled following its latest earnings report, closing down 6.4%. Despite strong revenue growth and outperforming expectations, concerns over its $3 trillion valuation emerged. In contrast, Arm Holdings saw a 5.3% increase in its stock, attracting investors as a potential alternative in the AI space. As both companies remain pivotal in AI chip production, the discussion centers on whether Arm could offer more growth potential moving forward.
Source: YAHOO
Reported about 1 month ago
Supermicro (SMCI) CEO Charles Liang addressed stakeholders in a letter regarding the delayed filing of the company's Annual Report and a report from a short-seller, assuring that these issues wouldn't affect product delivery or innovative solutions. He emphasized the company's strong production capabilities and ongoing success in AI technologies, while also stating confidence in financial stability. Liang dismissed the short-seller claims as false and highlighted the company's focus on customer experience and growth heading into 2025.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
US households are currently allocating unprecedented amounts of their wealth to stocks as equity markets reach new heights, resulting in a significant surge in 401(k) millionaires. Host Madison Mills discusses the implications of these trends in household stock investments in the latest edition of Morning Brief.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Boeing's shares dropped sharply following an analyst's revision of the stock's price target due to persistent cash burn issues. The company has seen a dramatic loss in market value, exceeding $143 billion since the 737 Max crashes, and continues to struggle with quality control problems as it attempts to restore its reputation. New CEO Kelly Ortberg faces the dual challenge of addressing substantial debt while trying to stabilize the company's finances, with predictions of a significant equity raise looming in the near future.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Constellation Brands announced it will take a goodwill charge of up to $2.5 billion in the current quarter due to declining demand for its wine and spirits business. This adjustment comes as consumers shift away from high-priced alcoholic beverages, prompting the company to lower its annual sales growth forecast. Despite past successes with its beer brands, the outlook for its wine sector remains bleak.
Source: YAHOO
Reported about 1 month ago
Salvagers have abandoned the attempt to tow the burning oil tanker Sounion in the Red Sea, which has been attacked multiple times by Yemen's Houthi rebels, citing safety concerns. The vessel poses a significant environmental threat due to its cargo of one million barrels of oil and remains stranded as Houthi rebels continue their attacks in the region.
Source: YAHOO
Reported about 1 month ago
Boeing's stock experienced a decline following a downgrade by Wells Fargo analyst Matthew Akers, who switched his rating from Equal Weight to Underweight and reduced the price target to $119, suggesting a possible 30% drop in value over the next year. Akers cited limited growth prospects and cash flow concerns as the main reasons for the downgrade.
Source: YAHOO
Reported about 1 month ago
Goldman Sachs has temporarily suspended its coverage of the zinc market, citing 'restricted capacity' after the departure of its sector lead, Nicholas Snowdon, who has joined energy trader Mercuria. This staffing change follows the earlier exit of Jeff Currie, the former head of commodities research, to Carlyle Group. Additionally, the co-head of commodities trading, Xiao Qin, is set to retire before the year's end.
Source: YAHOO
Reported about 1 month ago
The EU naval mission in the Red Sea has announced that salvagers have abandoned their efforts to tow away a burning oil tanker that was targeted by Yemeni rebels, highlighting ongoing maritime security concerns in the region.
Source: YAHOO
Reported about 1 month ago
Netflix announced that it will add disclaimers to its Indian series 'IC-814: The Kandahar Hijack' following backlash over the portrayal of hijackers as Hindus when they were actually Muslims. The announcement came after significant criticism on social media and a summons from India's information ministry, where many accused the series of misleading audiences and portraying hijackers in a positive light. The streaming service plans to clarify details regarding the hijackers in an updated disclaimer.
Source: YAHOO
Reported about 1 month ago
US markets opened lower on the first trading day of September, a month often marked by poor stock performance due to seasonal trends and election pressures impacting investor sentiment. Analysts Madison Mills and Brad Smith discuss the stock movements following the market's opening.
Source: YAHOO
Reported about 1 month ago
Lebanon's former central bank governor Riad Salameh was detained following questioning about multiple corruption cases, including allegations of financial manipulation. Salameh, who served for three decades, has faced scrutiny over his role in the country's economic crisis and has denied wrongdoing. He has been sanctioned by the U.S., U.K., and Canada, with ongoing investigations led by several European countries. Currently, he remains in custody as Lebanon continues to grapple with its financial turmoil.
Source: YAHOO
Reported about 1 month ago
A South Korean family has soared to an $800 million fortune due to a $2.9 billion order from Tesla to L&F Co., a company specializing in electric vehicle battery cathodes. This deal significantly boosted L&F's stock price and reduced its dependency on LG Energy Solution, allowing for diversification and enhancement of its market position. The contract is set to supply materials for over 780,000 electric vehicles, demonstrating the rapid evolution and financial opportunities within the electric vehicle industry.
Source: YAHOO
Reported about 1 month ago
September has consistently been a tough month for US markets, with historical data showing poor performance during this time. As Wall Street starts September trading amid anticipation of the Federal Reserve's upcoming interest rate cuts, analysts Brad Smith and Madison Mills discuss the reasons behind September's trends and what investors should monitor in the weeks ahead.
Source: YAHOO
Reported about 1 month ago
Lebanon's ex-central bank governor has been arrested as part of an ongoing corruption investigation, according to officials.
Source: YAHOO
Reported about 1 month ago
Brent crude oil prices have fallen below $75 a barrel, erasing all gains made in 2024 as fears about demand in major economies like China and the US overshadow geopolitical risks. The price drop, the lowest since December 2023, is exacerbated by OPEC and allies planning to increase daily supplies amidst ongoing economic weakness.
Source: YAHOO
Reported about 1 month ago
U.S. stock futures are dipping as traders anticipate significant economic data this week, including the jobs report on September 6. Broadcom is set to report quarterly earnings on September 5, which may influence the AI chip sector following Nvidia's recent mixed results. Meanwhile, Brazil's Supreme Court has upheld a ban on Elon Musk's social media platform due to misinformation concerns.
Source: YAHOO