Reported about 1 month ago
In Nairobi, Kenya, the newly opened Robot Cafe features three robotic waiters, named Claire, R24, and Nadia, serving food and enhancing the dining experience. While they add novelty to the eatery, concerns arise over the impact on human labor in the hospitality sector. Cafe owner Mohammed Abbas views the robots as an entertaining addition rather than a replacement for human staff, emphasizing the importance of human interaction in the restaurant business.
Source: YAHOO
Reported about 1 month ago
In September 2024, large-cap ETFs, which invest in major companies with market capitalizations over $20 billion, continue to be favored by investors for their stability and long-term potential. Key ETFs highlighted include the Invesco QQQ Trust, iShares Russell Top 200 Growth ETF, and Schwab U.S. Large-Cap Growth ETF, each demonstrating strong year-to-date performance and consistent historical returns. These investment options are suitable for both beginners and experienced investors looking for growth along with risk mitigation.
Source: YAHOO
Reported about 1 month ago
As climate change threatens the traditional growing regions of cocoa, companies are exploring lab-grown cocoa and alternative ingredients to meet the rising chocolate demand. California Cultured is leading efforts to cultivate cocoa in a lab setting, significantly speeding up production and reducing resource use. Other initiatives include creating chocolate alternatives using ingredients like oats and sunflower seeds, aiming to provide consumers with sustainable options. While some companies focus on lab-grown solutions, others are working to enhance the resilience of cocoa plants in their natural habitats, addressing supply instability caused by environmental challenges.
Source: YAHOO
Reported about 1 month ago
As September 2024 approaches, investors seeking mutual funds have several online brokerage options to consider. Notable platforms include Fidelity, which offers zero-fee funds and nearly 3,400 no-transaction-fee options; Charles Schwab, known for its competitive range of no-load funds; and E-Trade, which features over 6,000 commission-free funds. Ally Invest stands out with access to 17,000 mutual funds, while Vanguard is celebrated for low-cost index funds. Other recommended brokers include J.P. Morgan Self-Directed, Interactive Brokers, Merrill Edge, and Firstrade, all of which provide a variety of no-transaction-fee mutual funds suitable for diverse investment strategies.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Despite a sluggish global NFT market, former President Donald Trump's latest NFT release, 'Series 4: The America First Collection,' has brought in over $2 million, selling at $99 each. The collection features Trump-themed trading cards and has attracted sales of fewer than 21,000 out of a possible 360,000. Analysts suggest that the long-term value of these NFTs may be negligible, advising buyers to sell quickly before November as interest dwindles.
Source: YAHOO
Reported about 1 month ago
The crypto sector has significantly increased its spending in the political arena, with over $119 million directed towards influencing U.S. elections to promote pro-crypto policies. The largest contributors include Coinbase, which invested more than $50 million, and Ripple, contributing around $49 million. This surge in political spending is being leveraged in light of the Supreme Court's 2010 Citizens United ruling, allowing corporations to utilize super PACs to sway election outcomes in their favor.
Source: YAHOO
Reported about 1 month ago
An upcoming fundraiser on September 13 aims to raise over $100,000 for Democratic presidential nominee Kamala Harris, with individual contributions ranging from $500 to $5,000. Despite Donald Trump’s strong financial backing from the crypto sector, Harris is garnering support from various crypto groups seeking a shift in policy on digital assets. Industry leaders hope this initiative will help her clarify the Democratic stance on cryptocurrency as the party prepares for potential changes under a new administration.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
In August, new home prices in China rose by just 0.11%, a slowdown from July's 0.13% increase, as the struggling property sector faces ongoing challenges despite various supportive government measures. A private survey indicated that 35 cities experienced rising prices, down from 38 the previous month, highlighting the sector's difficulties in gaining momentum even during the peak season traditionally known as 'Golden September and Silver October.'
Source: YAHOO
Reported about 1 month ago
South Korea's exports continued to rise for the 11th month in a row in August, achieving an 11.4% year-on-year increase to $57.90 billion. However, this growth was slower than the previous month's 13.9% rise and below market expectations. The slowdown was attributed to reduced demand for semiconductors and ongoing challenges in auto sales. Despite slower growth, exports are still on track for a record performance this year, driven by a recovering demand in key markets.
Source: YAHOO
Reported about 1 month ago
South Korea’s export growth saw a significant increase last month, reaching double digits, primarily driven by strong global demand for technology products, particularly semiconductors. Exports rose by 13.7% year-on-year, reflecting a burgeoning recovery in global trade, which is set to contribute to the country's projected economic growth of 2.5% in 2024. The demand is largely propelled by major economies like the US and China, underscoring a shift in trading dynamics amid geopolitical tensions.
Source: YAHOO
Reported about 1 month ago
A recent increase in the movement of empty containers into the Los Angeles market indicates that the demand for freight capacity is outpacing available supply. The dominant flow of goods from Asia to the U.S. illustrates a significant imbalance in transportation capacity, leading to empty containers returning to Asia, which does not generate revenue. Despite a rise in intermodal volumes and truckload tender rejection rates that peaked earlier in the summer, the transportation market has shown resilience. However, vulnerabilities remain, particularly looking ahead to the fourth quarter as demand dynamics intensify.
Source: YAHOO
Reported about 1 month ago
El Salvador's President Nayib Bukele praised the country's bitcoin experiment, calling it a 'resounding success' that allowed citizens to complete transactions using the cryptocurrency. Despite acknowledging slow adoption rates, he emphasized the benefits, including increased investment and tourism. Bukele stated that the decision to use bitcoin is voluntary and that many Salvadorans have gained from its rise, although recent studies show a decline in usage.
Source: YAHOO
Reported about 1 month ago
Veteran analyst Brad Ginesin from TheStreet highlights that General Motors (GM) stock has been undervalued for years due to various challenges, including peak earnings and competition. Despite these hurdles, he believes that GM's strategic approach to stock buybacks and its successful rollout of electric vehicles positions it well for future growth. Ginesin views the recent partnership between GM's Cruise autonomous vehicle unit and Uber as a significant development, suggesting a promising outlook for GM's stock as it capitalizes on advancements in electric and autonomous technology.
Source: YAHOO
Reported about 1 month ago
Super Micro Computer's stock has faced significant backlash following a bearish report from Hindenburg Research and the CEO's announcement of delayed financial results. While many analysts have downgraded their outlook, with Wells Fargo cutting its price target by over 40%, JP Morgan maintains a different stance, seeing limited evidence of misconduct and asserting the company's medium-term growth potential in the AI server market remains intact. Other analysts, however, are shifting focus to competitors like Dell in light of the recent controversies.
Source: YAHOO
Reported about 1 month ago
Alphabet's stock, currently priced around $162 after a 15% drop, offers an attractive investment opportunity due to its strong market resilience and growth potential in artificial intelligence. Despite past challenges, such as the 2014 price plunge, long-term investors have seen substantial returns. The company's position in the AI sector, with products like Google Cloud and the Gemini chatbot, positions it well for future growth, making now a favorable time to invest.
Source: YAHOO
Reported about 1 month ago
Devon Energy is expanding its portfolio but offers a variable dividend dependent on volatile energy prices, making it unreliable for steady income. In contrast, Chevron and Enbridge provide more consistent dividends, with Chevron increasing its payout annually for 37 years and Enbridge maintaining a high yield of 6.6% thanks to its stable midstream operations. For those seeking reliable income in the energy sector, these stocks present better options than Devon.
Source: YAHOO
Reported about 1 month ago
Super Micro Computer (NASDAQ: SMCI), once a standout in the AI stock market, has seen its shares plummet from a peak of $1,188.07 to $424 due to concerns over declining gross margins, negative allegations from a short-seller, a delayed annual report, and slowing sales growth from Nvidia. Despite its significant revenue gains largely driven by its AI server business, investor confidence is wavering, marked by a lack of insider buying. Analysts await clarity with the 10-K filing before determining the stock's future prospects.
Source: YAHOO
Reported about 1 month ago
With uncertainties regarding a potential stock market crash, the author advocates investing in Annaly Capital Management (NYSE: NLY), a real estate investment trust (REIT) that generates consistent income through its unique mortgage market strategies. Although it may not be suitable for significant long-term investments, Annaly offers a substantial dividend yield of 13%, making it a viable defensive option for investors looking to mitigate risks during market downturns.
Source: YAHOO
Reported about 1 month ago
Omega Flex, a leader in flexible metal hose manufacturing, has seen its stock plummet by 74%, offering investors a unique opportunity to purchase a high-quality, dividend-paying stock at a favorable valuation. Despite recent challenges linked to the cyclical U.S. housing market, Omega Flex maintains strong profitability metrics and a commitment to returning cash to shareholders, making it an attractive candidate for long-term investment.
Source: YAHOO
Reported about 1 month ago
In an escalating fundraising situation, Bolt's CEO Justin Grooms has hinted at potential legal action against Silverbear Capital over a $200 million investment agreement that Silverbear disputes. Grooms cited miscommunication as the cause of confusion regarding the deal, while Silverbear denies any organizational misunderstandings. The controversy follows Bolt's plans to raise significant equity and marketing credits, and highlights substantial disagreements about the nature of the investment discussions.
Source: YAHOO
Reported about 1 month ago
Telegram reportedly holds $400 million in cryptocurrency, contributing to 40% of its revenue for 2023. Over the years, the messaging app has become popular among the crypto community for trading and discussions. Despite recent controversies involving CEO Pavel Durov's arrest in France, the company maintains a significant presence in the crypto market with its original token, TON, trading at $5.40.
Source: YAHOO
Reported about 1 month ago
To generate a steady income of $100 per month, or $1,200 annually, investors need to buy approximately 500 shares of Bristol-Myers Squibb stock, equating to an investment of about $24,048 at the current share price of $48.11. With a dividend yield of 4.99%, this approach can provide a reliable income stream, especially considering the company's consistent history of dividend increases over the past 17 years.
Source: YAHOO
Reported about 1 month ago
Upcoming US labor market reports, particularly the monthly payrolls report, will guide Federal Reserve policymakers on the necessity for further interest rate reductions following a likely cut. Despite inflation remaining above target, signs of a cooling labor market, including slowing job growth and changing vacancy rates, will inform the Fed's decisions, as officials balance economic growth with maintaining price stability.
Source: YAHOO