Reported about 1 month ago
Arabica coffee prices are nearing a decade-high, influenced by drought in Brazil. Oil faces challenges due to China's economic outlook and technical barriers, while precious metals show a significant rally in silver relative to gold. Grains, particularly soybeans and corn, are trading at low valuations amid abundant supplies, and US natural gas stockpiles are higher than usual heading into fall, maintaining low prices.
Source: YAHOO
Reported about 1 month ago
Intel's CEO Pat Gelsinger is set to present a strategic plan to the company's board aimed at divesting non-essential assets and reducing costs to revitalize the struggling chipmaker. The proposal includes potential sales of units such as the programmable chip division Altera, as Intel grapples with declining profits and increasing competition from rivals like Nvidia. Gelsinger's plan also entails a reduction in capital spending, amidst a challenging business environment for the manufacturer. The board meeting scheduled for mid-September is crucial for deciding Intel's future direction.
Source: YAHOO
Reported about 1 month ago
Brazil's Supreme Court will vote on Monday regarding a decision to shut down the social media platform X, following a ruling by Justice Alexandre de Moraes. The platform was suspended after it failed to appoint a legal representative in Brazil as required by law, amidst ongoing tensions between Moraes and X's owner, Elon Musk. The court's five-member panel will review Moraes' ruling and could either uphold or reject it.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
'Deadpool & Wolverine' continues to lead the box office for the second weekend in a row, grossing $15.2 million, while the new biopic 'Reagan' exceeds expectations with $7.4 million, despite mixed reviews from critics. The summer movie season, while down 10% from last year, saw strong performances from several blockbusters, culminating in over $3.6 billion in earnings. Other notable films included 'Alien: Romulus' and 'It Ends With Us,' showcasing the unpredictable nature of this summer's box office.
Source: YAHOO
Reported about 1 month ago
A recent CNBC survey reveals that 67% of investors believe former President Donald Trump would be better for stock performance compared to President Joe Biden, citing Trump's historical tenure where the S&P 500 rose by 68%. However, market predictions are mixed, with one-third expecting a decline, another third predicting gains, and the remaining anticipating a stagnant market. Despite Trump's favorability, concerns loom over the heavy concentration of tech stocks and the Federal Reserve's impending rate cuts, underscoring an uncertain market outlook.
Source: YAHOO
Reported about 1 month ago
China is focusing on pitching its green technology exports at the upcoming summit with African leaders, seeking to strengthen trade ties before Western export limitations come into play. As the country shifts its investment strategy toward advanced technologies, it aims to secure buyers for electric vehicles and solar panels while addressing previous unmet commitments and ongoing infrastructure project concerns in Africa.
Source: YAHOO
Reported about 1 month ago
Chancellor Olaf Scholz's ruling coalition faced significant losses in recent regional elections in eastern Germany, with populist parties on both the extreme right and left capturing over 60% of the vote in Thuringia and nearly half in Saxony. The far-right Alternative for Germany party achieved a historic win in Thuringia, marking the first such success for a far-right group in a German state election since World War II. Scholz’s coalition, consisting of the Social Democrats, Greens, and Free Democrats, garnered less than 15% combined, prompting speculation about potential early national elections and the future leadership of the SPD.
Source: YAHOO
Reported about 1 month ago
Hedge fund billionaire Bill Ackman criticized a Brazilian court order to suspend Elon Musk's social media platform X, asserting that this decision could lead to investors fleeing the country. He compared Brazil's actions to those of China, which resulted in significant capital flight. The Supreme Court's ruling, which required internet providers to block access to X, is expected to push users towards competitors like Bluesky, which recently gained a large influx of Brazilian users.
Source: YAHOO
Reported about 1 month ago
As mortgage rates decline, the housing inventory has seen a slight drop for the first time in several weeks, indicating a shift in the market dynamics. The increase in available homes over the past months has positively impacted the housing inventory, though 2024 remains one of the lower inventory years historically. New listings have also shown a seasonal decline, while the percentage of homes with price cuts is rising, reflecting shifting buyer demand. Overall, the market appears more favorable, particularly as economic conditions evolve.
Source: YAHOO
Reported about 1 month ago
Despite Nvidia's strong quarterly results exceeding estimates and positive guidance, the stock price has dipped as much of the positive news is already reflected in its value. Analyst Richard Windsor suggests that while Nvidia has been a great opportunity for shareholders, the rapid growth seen in recent years is unlikely to continue at the same pace, indicating it may be a good time for investors seeking higher returns to sell, although it still remains an attractive option in the tech sector for those looking for steady investments.
Source: YAHOO
Reported about 1 month ago
In a recent discussion on Yahoo Finance's Capitol Gains, analysts explored how proposed inflationary policies by Donald Trump and Kamala Harris could affect the economy. With inflation rates currently decreasing to 2.9% and incomes rising faster than food prices, there are concerns about how these policies might contribute to national debt, even though there was a period during Trump's administration without significant inflation despite tariff increases. The conversation highlights the complexities of economic policy in a changing inflation landscape.
Source: YAHOO
Reported about 1 month ago
In his new book, 'The Joy You Make: Find the Silver Linings — Even on Your Darkest Days,' Washington Post columnist Steven Petrow reflects on his personal journey through grief after losing both parents and experiencing family illness. He shares valuable lessons on finding joy in everyday life, emphasizing the importance of gratitude, connection, and engaging in playful activities. Petrow distinguishes joy from fleeting happiness and encourages practices like maintaining a gratitude journal and celebrating others' successes as ways to cultivate lasting joy, even during difficult times.
Source: YAHOO
Reported about 1 month ago
China is grappling with economic challenges as manufacturing activity contracts for the fourth consecutive month and the property market continues to decline, putting the government's growth target of around 5% at risk. Factory activity is under pressure from deflationary trends, while new-home sales dropped significantly, prompting calls for increased fiscal support to stimulate growth. Analysts suggest that without more significant government intervention, China's economic prospects may worsen amid rising external pressures.
Source: YAHOO
Reported about 1 month ago
In a recent discussion on Stocks In Translation, Kenny Glick from HitTheBid.com highlighted the importance of the Volume-Weighted Average Price (VWAP), emphasizing its role in mean reversion during market fluctuations. He explained that often, when prices are moving sharply downward, they tend to revert back to VWAP, which he considered the most critical price of the day. For more insights, listeners can check the full episode on various podcast platforms.
Source: YAHOO
Reported about 1 month ago
Strikes are underway at major hotel chains as over 10,000 unionized housekeepers seek higher wages and the reinstatement of daily room cleaning services, which have been cut to reduce costs since the pandemic. Workers express frustration over unmanageable workloads and ongoing contract negotiations while the hotel industry grapples with staffing shortages and rising operational costs. The strikes symbolize broader issues of undervalued labor, especially among women and workers of color in the hospitality sector.
Source: YAHOO
Reported about 1 month ago
Kamala Harris is actively seeking union support to bolster her campaign ahead of the November elections, with labor leaders expressing cautious optimism about her commitment to worker issues. Although some union representatives are confident she will advocate for labor rights comparable to Joe Biden, concerns remain regarding her ties to corporate interests. Harris aims to strengthen her pro-worker agenda by pledging to revive stalled labor reform initiatives, highlighting her long-standing support for union rights during her tenure as both a senator and vice president. However, doubts persist about her potential effectiveness compared to Biden's established connections with labor organizations.
Source: YAHOO
Reported about 1 month ago
As the Federal Reserve prepares for its first interest rate cut, investors like Matt Higgins predict that the US is headed for a significant recession marked by high unemployment and record consumer debt. Higgins emphasizes that the downturn will be sharp but short-lived, suggesting potential recovery driven by advancements in AI technology.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
As the 2024 U.S. presidential election approaches, the influence of generative AI on voter perception and decision-making raises significant concerns. Instances like AI-generated images shared by former President Trump and deepfake calls targeting voters illustrate the potential for misinformation. Experts warn that this technology, while easily accessible, could sway election outcomes in critical swing states. With existing detection tools proving inconsistent, there is urgency for stronger regulations and efforts from social media companies to mitigate the impact of AI-driven disinformation.
Source: YAHOO
Reported about 1 month ago
Visa stock, a long-term holding of Warren Buffett, is currently considered a strong buy following a recent price correction. With a leading market share of 61% in the U.S. payment card industry and a steady business model benefiting from network effects, Visa's shares are trading at nearly their lowest prices compared to the overall market, making it an attractive option for both value and growth investors.
Source: YAHOO
Reported about 1 month ago
Nike, a leading global apparel company, continues to boast strong brand recognition, particularly among teens, despite current market challenges and a decline in revenue. The stock, trading at a lower price-to-earnings multiple compared to its past, might present a buying opportunity for long-term investors. With solid profit margins and the potential for growth as economic conditions improve, Nike's stock may be worth considering for those who can be patient.
Source: YAHOO
Reported about 1 month ago
Kyle Bass, a hedge fund manager, argues that the movement to ostracize fossil fuels in environmental, social, and governance (ESG) investing is unrealistic and has fueled backlash against the climate movement. He suggests that a more moderate approach is necessary, stating that the fossil fuel industry will coexist with renewable sources for decades. Bass advocates for energy efficiency, electrification, and long-term nuclear energy transitions, while also highlighting his strategy of investing in conservation projects that benefit the environment.
Source: YAHOO
Reported about 1 month ago
August's financial markets experienced significant turbulence driven by recession fears and market instability, particularly following a weaker-than-expected jobs report. Despite a major drop in the Dow Jones, which fell over 2,100 points in early August, the month ended positively as the Federal Reserve hinted at an upcoming interest rate cut. The forthcoming jobs report will greatly influence the Fed's decision, with expectations of a slight decrease in the employment rate. The report's outcomes could either pressure the Fed to opt for a larger cut or maintain a more conservative approach.
Source: YAHOO