Reported about 1 month ago
Volkswagen's CUPRA brand could face significant challenges if the European Commission implements planned tariffs of 21.3% on its electric vehicle, the Tavascan, made in China. CEO Wayne Griffiths emphasized that the higher costs would make it impossible to sustain sales in the current European market, jeopardizing compliance with EU carbon reduction targets and impacting employment in Spain. The proposed tariffs, aimed at countering perceived unfair Chinese subsidies, have raised concerns about their adverse effects on European manufacturers.
Source: YAHOO
Reported about 1 month ago
Amy Weaver, who served as both president and CFO of Salesforce after a rare transition from general counsel to CFO, is stepping down after nearly 11 years with the company. Her tenure as CFO coincided with notable growth for Salesforce, including a significant increase in annual revenue. Weaver is excited about new opportunities ahead and will assist in the search for her successor.
Source: YAHOO
Reported about 1 month ago
Nvidia's stock has seen significant growth due to increased demand for its AI-related products, despite a recent drop after a solid earnings report. The company forecasts a strong revenue for the upcoming quarter, though analysts are concerned about slowing growth rates. Current evaluations suggest that Nvidia may be undervalued compared to competitors, with Wall Street maintaining a favorable 'buy' rating amid expectations of future industry growth driven by AI advancements.
Source: YAHOO
Reported about 1 month ago
Oil prices dropped as concerns over weak demand from China overshadowed supply disruptions in Libya. Brent crude fell below $76 a barrel and West Texas Intermediate neared $72, with China's slowing factory activity and property crisis raising economic fears. The market anticipates increased supplies from OPEC+ next month, further impacting prices.
Source: YAHOO
Reported about 1 month ago
In a landscape increasingly dominated by AI, the prompts used to interact with these systems are emerging as a new form of intellectual property. Hawkins, founder of CUDO, emphasizes the significance of confidential computing in shielding these prompts from competitors while fostering innovation through blockchain. His commitment to sustainability and philanthropy is mirrored in his drive to democratize technology, ensuring accessibility and environmental stewardship. As AI reshapes technology, the interplay between transparency and confidentiality becomes crucial, underscoring the vital role of confidential computing.
Source: YAHOO
Reported about 1 month ago
French video game developer Ubisoft experienced a drop in shares for two consecutive days, primarily driven by the disappointing performance of its recent release, 'Star Wars Outlaws.' Despite positive critical reviews, user ratings were low, and the game's sales fell short of expectations. This decline adds to the company's over 30% stock drop since the beginning of the year, reflecting ongoing financial struggles amid a series of game cancellations and delays.
Source: YAHOO
Reported about 1 month ago
As Wall Street begins September trading, US stocks are under pressure, influenced by recent manufacturing data and anticipation of Friday's jobs report. Attention is on Boeing, which faces a downgrade by Wells Fargo, potentially seeing share declines of up to 30%. The chip sector, specifically Nvidia, is also in focus after disappointing earnings, while Broadcom expects to release its quarterly results soon. Investors remain vigilant amid talks of a possible interest rate cut by the Fed.
Source: YAHOO
Reported about 1 month ago
Nokia has secured a new agreement with AT&T to develop a fibre network in the U.S. following its loss of a major contract to Ericsson. This significant deal, termed a 'milestone' by Nokia, aims to enhance broadband access for millions while supporting AT&T's existing fibre infrastructure. Despite a recent profit drop, Nokia anticipates growth due to a favorable fibre market and government initiatives aimed at increasing high-speed broadband access.
Source: YAHOO
Reported about 1 month ago
Tesla is often viewed as an AI play mainly due to its Full Self-Driving and humanoid robot initiatives. However, industry expert Richard Windsor argues that Tesla's core revenue derives from electric vehicle sales, not AI. He believes that the company's AI strategy is flawed and its proposed robotaxi business model is fundamentally unsound, suggesting that Tesla's stock is likely overvalued.
Source: YAHOO
Reported about 1 month ago
Recent insights from Charles Schwab reveal that individuals who engage financial advisors can nearly double their retirement savings compared to those who do not. The findings show that diversification in investment strategies and reduced exposure to individual assets contribute to stronger portfolio performance, especially in a volatile market. Notably, advised participants maintained lower cash reserves and a more balanced allocation of assets, significantly enhancing their long-term financial outcomes.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
T. Rowe Price, a leading investment management firm, has successfully raised its dividend through all four recessions since 1990, showcasing its financial strength and stability. With a consistent history of dividend increases and solid cash reserves, the company positions itself well for future growth. Currently operating at a forward P/E ratio lower than its decade average, it offers an attractive investment opportunity, especially with its 4.6% dividend yield that appeals to long-term investors.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
The AI market is set to grow significantly, with stocks like Palantir Technologies and Advanced Micro Devices offering great potential for investors. Palantir's growth is driven by increasing enterprise investment in AI, while AMD is benefiting from booming data center and PC processor revenues. Both companies are well-positioned to capitalize on the expanding AI landscape, potentially leading to substantial returns for investors in the coming years.
Source: YAHOO
Reported about 1 month ago
Halliburton revealed on Tuesday that it has incurred costs related to responding to a cyber attack in August, where an unauthorized party accessed and removed data from its systems. Although the company faced disruptions to its business applications, it believes the incident is unlikely to materially affect its financial results. Halliburton activated its cybersecurity response plan and is conducting an internal investigation with external advice.
Source: YAHOO
Reported about 1 month ago
In September, three high-yield dividend stocks stand out as top picks for investors seeking income: Kinder Morgan, Brookfield Renewable, and Enbridge. Each offers attractive yields—over 5% for Kinder Morgan and Brookfield Renewable, and more than 6.5% for Enbridge—along with significant growth potential due to their robust cash flow and ongoing capital projects. Given their current low valuations and the expectation of declining interest rates, these stocks are positioned for strong returns.
Source: YAHOO
Reported about 1 month ago
Apple plans to fully transition to OLED displays for all iPhone models from 2025 onwards, completely moving away from LCD technology. This decision follows new orders placed with suppliers like BOE Technology and LG Display while excluding Japanese manufacturers Sharp and Japan Display from the initiative, as they do not produce OLED displays in mass.
Source: YAHOO
Reported about 1 month ago
With solo dining reservations increasing significantly across countries, restaurants are transforming their menus and seating arrangements to accommodate the growing trend of individuals choosing to eat alone. Many diners appreciate the experience for the time it allows for reflection and personal enjoyment, as social norms surrounding solo dining shift. This rise is linked to factors like remote work, changing lifestyles, and a growing acceptance of dining alone, reinforcing the idea that enjoying one's own company is both valid and increasingly popular.
Source: YAHOO
Reported about 1 month ago
Wall Street is keenly anticipating the August employment report due on September 6, with PNC Financial Services' chief economist Gus Faucher predicting an addition of around 170,000 jobs and a slight drop in the unemployment rate to 4.2%. Faucher suggests these figures would indicate a consistent trend of slowing inflation and economic growth, potentially prompting the Federal Reserve to reduce rates by 25 basis points at the upcoming meeting.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Storm Yagi has resulted in the deaths of at least 15 people in the Philippines, prompting thousands to evacuate as it strengthens on its way to China. The storm transitioned into a severe tropical storm with winds reaching 85 kilometers per hour, forecasted to become a typhoon. Most fatalities occurred due to non-stop rains causing flash floods and landslides, particularly in Rizal province and the Bicol region. As it approaches southern China, warnings have been issued for intensified winds, while the Philippines continues to face heavy rainfall from the southwest monsoon.
Source: YAHOO
Reported about 1 month ago
U.S. stock index futures declined as traders prepare for a series of economic reports that could impact Federal Reserve policy decisions. The markets recently saw gains, with the Dow reaching a record high and the S&P 500 close to its own milestone. Key data releases, including the ISM manufacturing index and labor market statistics, are anticipated this week, following concerns over a slowdown in job growth. Rate-sensitive stocks faced early declines, while Tesla and Boeing experienced mixed performance amid recent company news.
Source: YAHOO
Reported about 1 month ago
The UK recently achieved over £110 billion in orders during its first new bond sale under the Labour government, a strong indication of ongoing investor interest in government debt post-election. The Debt Management Office announced an £8 billion gilt issue maturing in 2040 at a 4.375% coupon, with demand equaling a previous record. This reflects investor confidence even as the new Chancellor, Rachel Reeves, faces pressure to address a significant budget deficit.
Source: YAHOO