Reported about 1 month ago
The Federal Reserve is expected to consider rate cuts in September, but PNC's Chief Economist Gus Faucher argues that a 50 basis-point cut could hinder economic growth. He explains that while the economy is experiencing a slowdown in growth, it may still be healthy. Faucher also anticipates that the upcoming jobs report will significantly influence the Fed's decision. Watch the full discussion for further insights on economic trends and consumer behavior.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Merrill Lynch is set to triple its active ETF offerings from 100 to 300 over the next three to five years, in response to increasing demand for these investment products. This follows a record year for ETF launches, with 1,063 new ETFs introduced in the first seven months of 2024 alone. The firm aims to select ETFs based on performance and size while expanding its offerings, including creating ETF versions of existing mutual funds. This move aligns with industry trends, as active ETFs have seen significant growth in assets under management.
Source: YAHOO
Reported about 1 month ago
In the upcoming week, significant market events include the release of the August jobs report and insights from Federal Reserve officials. With the US stock market closed on Monday for Labor Day, attention will shift to Friday's report and accompanying data on payroll employment and job openings. Notable earnings reports are also expected from companies like Zscaler, Dick's Sporting Goods, Hewlett Packard Enterprise, and Broadcom.
Source: YAHOO
Reported about 1 month ago
As September closes, major stock indexes like the S&P 500 celebrate their fourth consecutive month of gains. Yahoo Finance's Jared Blikre discusses the volatility experienced in the month along with potential challenges for equities ahead, while also highlighting the positive signs of a budding bull market in the commodities sector.
Source: YAHOO
Reported about 1 month ago
Elastic's stock experienced a significant decline after the company issued disappointing revenue guidance for the second quarter, prompting Bank of America to downgrade its rating from Buy to Neutral. This has led to several analysts adjusting their price targets downward as market reactions unfold.
Source: YAHOO
Reported about 1 month ago
As markets wrap up a strong August marked by key data releases, attention turns to potential Federal Reserve rate cuts. Dory Wiley, Commerce Street Capital CEO, anticipates profit taking in the lead-up to and following any rate cut, particularly affecting technology stocks as institutions look to move into value opportunities. He describes the upcoming period as likely choppy, urging long-term investment strategies despite recent sell-offs.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
US stocks concluded a turbulent August on a high note, with the S&P 500 marking its fourth consecutive winning month. The favorable reading of the Federal Reserve's preferred inflation gauge has boosted hopes for potential rate cuts, contributing to the overall rise of major indexes. The Dow Jones increased by about 0.6%, the S&P climbed 1%, and the Nasdaq Composite added 1.1%, despite some volatility earlier in the month.
Source: YAHOO
Reported about 1 month ago
MongoDB's shares jumped after the company exceeded earnings and revenue expectations for Q2, while also upgrading its full-year revenue outlook to a range of $1.92 billion to $1.93 billion, up from the previous estimate of $1.88 billion to $1.90 billion. Their Q3 forecast also surpassed Wall Street predictions, boosting sentiment in the software sector.
Source: YAHOO
Reported about 1 month ago
In his new book 'Save America', former President Donald Trump escalates his feud with Meta CEO Mark Zuckerberg, threatening that if Zuckerberg interferes in the 2024 election as he did in 2020, he could face life in prison. Trump accuses Zuckerberg of plotting against him and steering Facebook against his campaign, although he offers no evidence to support these claims. This continues a pattern of Trump making similar threats towards perceived enemies.
Source: YAHOO
Reported about 1 month ago
Goldman Sachs is reportedly laying off over 1,300 employees as part of their annual review process, targeting low-performing staff. This announcement comes shortly after the investment bank reported a remarkable 150% increase in their second-quarter profits compared to the previous year.
Source: YAHOO
Reported about 1 month ago
The S&P 500 and Nasdaq Composite both closed over 1% higher, marking a strong finish to a volatile August characterized by tech sell-offs and market fluctuations. The Dow Jones Industrial Average lagged, gaining only 0.5%. The market movements follow the release of July's Personal Consumption Expenditures index, highlighting the ongoing impact of economic indicators on trader sentiment.
Source: YAHOO
Reported about 1 month ago
Money market accounts (MMAs) combine savings and checking features, offering competitive interest rates while providing easy access to funds. The national average MMA rate is currently 0.64%, which is relatively high compared to historical data. However, many banks offer rates significantly above this average, with some exceeding 5% APY. To secure the best rates, consumers should compare offers from different institutions, check for relationship rates with their current bank, consider larger opening deposits, and be mindful of potential fees.
Source: YAHOO
Reported about 1 month ago
US stocks closed higher, with the Dow Jones reaching a record for the second consecutive day, as the S&P 500 and Dow marked their fourth consecutive monthly gain. Investor sentiment improved due to positive inflation data, increasing expectations for a Federal Reserve interest rate cut in September. As market optimism grows in anticipation of the upcoming jobs report, analysts predict continued resilience in the US economy despite fears of a recession.
Source: YAHOO
Reported about 1 month ago
Abercrombie & Fitch shares rose late Friday after a significant drop, prompted by CEO Fran Horowitz's warning about an uncertain market. Citi upgraded the retailer's stock from Neutral to Buy, citing the recent sell-off as a buying opportunity and highlighting Abercrombie's strong financial recovery and solid balance sheet.
Source: YAHOO
Reported about 1 month ago
Following Sherwin-Williams' investor day on August 29, major Wall Street firms including UBS, Evercore ISI, and Jefferies have raised their price targets for the company. Analysts are optimistic about Sherwin-Williams as the Federal Reserve is expected to cut interest rates, potentially easing pressures in the U.S. housing market.
Source: YAHOO
Reported about 1 month ago
Top executives at Truth Social, including CEO Devin Nunes, are selling off their shares as the company struggles financially and Trump's ability to access his own stock is constrained by a lock-up period. With Truth Social's share price tumbling from highs of nearly $80 to around $19.60, insiders' decisions to sell at a loss raise concerns about the company's future performance, while Trump himself is not allowed to liquidate his substantial stake until later this month.
Source: YAHOO
Reported about 1 month ago
The recent Yahoo Finance podcast discusses the importance of patience during market downturns, highlighting a discussion with Jane Sasseen, a journalism expert who shared her experience from the 1987 market crash. She learned that panic selling can lead to losses, as markets tend to recover. The hosts encourage maintaining a long-term perspective instead of succumbing to fear during turbulent times.
Source: YAHOO
Reported about 1 month ago
As the back-to-school season approaches, shoppers at Target can maximize savings with specific credit cards. Recommended options include the Citi Double Cash® Card for flat cash back, the Target Circle™️ Card for frequent Target shoppers, and the U.S. Bank Shopper Cash Rewards® Visa Signature® Card for cash back on Target purchases. Additionally, cards like the Blue Cash Everyday® Card from American Express and the Capital One Venture Rewards Credit Card offer online shopping rewards and travel perks respectively. With a variety of cards tailored for different spending habits, families can make the most of their shopping experience.
Source: YAHOO
Reported about 1 month ago
Planning a wedding can be costly, with the average expense around $30,000, making it essential to choose the right credit card to maximize savings. This article highlights the best credit cards for weddings, including options for travel rewards, cash back, and introductory 0% APR offers, allowing couples to earn valuable rewards on their wedding spending while managing costs effectively.
Source: YAHOO
Reported about 1 month ago
As back-to-school shopping can strain budgets, utilizing rewards credit cards can ease the financial burden while earning cash back or points. This article outlines the best credit cards for Walmart purchases, including choices like the Capital One Venture Rewards Credit Card for travel rewards and the Blue Cash Everyday Card from American Express for online shopping. It also offers tips for maximizing savings while shopping at Walmart.
Source: YAHOO
Reported about 1 month ago
As home renovation projects can be costly, selecting the right credit card is essential to maximize rewards and manage expenses. This article highlights the best credit cards for home improvement in September 2024, including options like the Bank of America® Customized Cash Rewards Credit Card for cash back rewards and the Wells Fargo Reflect® Card for the longest 0% APR offer. It advises readers to consider their spending plans, rewards potential, and introductory offers to find the ideal card for their needs.
Source: YAHOO
Reported about 1 month ago
In September 2024, several credit card issuers have launched enticing limited-time offers, perfect for food enthusiasts and frequent travelers. These offers include significant rewards such as 20% back on restaurant spending with the American Express Gold Card, a $250 travel credit with the Capital One Venture Card, and boosted welcome bonuses on IHG and Chase Ink Business Preferred cards. New cardholders can also benefit from exceptional perks, making it an ideal time to explore new credit options.
Source: YAHOO
Reported about 1 month ago
This guide reviews the best travel credit cards available in September 2024, catering to both occasional travelers and frequent flyers. Highlighted options include the Capital One Venture Rewards Card for beginners, the Chase Sapphire Preferred Card for boosted redemptions, and the American Express Gold Card for everyday spending. Each card offers unique benefits, rewards rates, and welcome bonuses to maximize travel savings.
Source: YAHOO