Reported about 1 month ago
In early August, heightened market volatility caused significant losses for several traders at multistrategy hedge funds like BlueCrest and Millennium Management, leading to rapid closures of their trading 'pods.' The swift actions were reportedly part of rigorous risk management practices aimed at mitigating damage, with traders experiencing stop-outs after minimal losses. While markets have since recovered, the incident underscores the strict measures within the hedge fund industry to maintain profitability.
Source: YAHOO
Reported about 1 month ago
Intel is reportedly considering a split of its foundry business as part of a strategic turnaround, collaborating with Morgan Stanley and Goldman Sachs. This comes in light of its struggling performance, with shares plummeting by nearly 60% in 2024, as the company aims to improve competitiveness against rivals like Nvidia. Intel’s recent earnings report also indicated plans to lay off 15,000 workers.
Source: YAHOO
Reported about 1 month ago
Dominion Energy Inc. has indicated that large data centers will now face an increased wait time of one to three years for connections to the electric grid, extending the total possible wait to as long as seven years. This surge in requests, primarily affecting facilities that require over 100 megawatts of electricity, reflects a broader trend among utilities experiencing unprecedented demand for power due to the rise of AI computing, new factories, and other electrification efforts.
Source: YAHOO
Reported about 1 month ago
As August concludes, U.S. stock markets showed gains, with the S&P 500 on track for its fourth consecutive monthly rise. Investor sentiment improved, driven by data indicating economic stability and expectations that the Federal Reserve could soon start cutting interest rates. While historically, September tends to be a tricky month for equities, analysts suggest that good economic data could further bolster the market, especially as the upcoming jobs report may influence future rate decisions.
Source: YAHOO
Reported about 1 month ago
July's Personal Consumption Expenditures (PCE) data revealed inflation metrics aligned with expectations, with core PCE rising 2.6% year-over-year and headline PCE increasing by 2.5%. This information is expected to significantly impact the Federal Reserve's upcoming monetary policy decisions, as analyzed by Yahoo Finance's Jennifer Schonberger.
Source: YAHOO
Reported about 1 month ago
PCF Insurance provides key insights on staying compliant with the Federal Motor Carrier Safety Administration (FMCSA). This white paper outlines the top 10 essential tips for trucking and transportation professionals to ensure safety and compliance on the roads.
Source: YAHOO
Reported about 1 month ago
The Teamsters union representing workers at Canada's major rail companies has launched court challenges against a government order mandating its members to return to work following a labor dispute. The union argues that the ruling undermines their constitutional right to collective bargaining, setting a concerning precedent for unionized labor. With over 9,000 members affected, the legal battles are expected to be lengthy and could influence future labor relations in Canada, while the railway companies maintain that the arbitration process is impartial.
Source: YAHOO
Reported about 1 month ago
The U.S. Trade Representative has postponed the announcement regarding new tariffs on Chinese electric vehicles, batteries, semiconductors, and solar cells, citing the need to review over 1,100 public comments. The announcement, originally due on August 1, is now expected in the coming days. The decision comes amid ongoing discussions between U.S. and Chinese officials and will potentially affect the Biden administration's trade stance as the presidential campaign heats up.
Source: YAHOO
Reported about 1 month ago
The Canadian Teamsters have launched four legal challenges in the Federal Court of Appeal against Labor Minister Steven MacKinnon's arbitration order and the Canada Industrial Relations Board (CIRB) directive that halted job actions in the rail sector. The union claims their constitutional rights were violated and argues for traditional bargaining over arbitration. They express confidence that the appellate court will side with them, amidst concerns that government interference has further complicated negotiations.
Source: YAHOO
Reported about 1 month ago
As Apple prepares for the release of its iPhone 16 series on September 9, expectations are high for its new AI features, which promise to enhance Siri and other functionalities. Despite recent critiques regarding innovation in iPhone design, analysts maintain a positive outlook on Apple's stock, citing the potential for AI to drive future demand and revenue growth.
Source: YAHOO
Reported about 1 month ago
The Federal Reserve is expected to start cutting interest rates next month as the core personal consumption expenditures price index, a key measure of inflation, rose only 0.2% in July, indicating a cooling trajectory. Although consumer spending increased, sluggish income growth and a declining saving rate raise concerns about the sustainability of this spending. The latest data supports the Fed's shift towards loosening monetary policy amid emerging signs of labor market weaknesses.
Source: YAHOO
Reported about 1 month ago
Kenny Glick, owner of HitTheBid.com, highlights that now is an exceptional time in the stock market, driven by rapidly growing sectors like AI, chips, space, and robotics. He emphasizes the emergence of unexpected stocks, suggesting a unique investment opportunity. For more insights, listeners can tune in to the full episode on Stocks In Translation.
Source: YAHOO
Reported about 1 month ago
Canada's economy expanded by 2.1% in the second quarter of 2024, surpassing initial forecasts, largely driven by government spending and investment. However, challenges persist as per-capita GDP declines and household consumption slows, prompting expectations for continued interest rate cuts by the Bank of Canada in light of weak momentum in July.
Source: YAHOO
Reported about 1 month ago
A Redditor shared details of his dividend portfolio, yielding $21,903 annually from an initial investment of $350,000. His top holdings include the SPDR Portfolio S&P 500 High Dividend ETF, Schwab US Dividend Equity ETF, and Realty Income, among others. The portfolio emphasizes reliable dividend stocks and ETFs, focusing on options that provide both income and growth potential, especially beneficial during times of market volatility and high inflation.
Source: YAHOO
Reported about 1 month ago
Former US Commerce Secretary Wilbur L. Ross stated on Yahoo Finance's podcast that Donald Trump is 'deadly serious' about introducing new tariffs on imports, particularly from China, should he win a second term. Ross emphasized that previous tariffs had significant economic implications for American households, predicting increased costs if Trump's proposals, including a potential 10% tariff on all imports and over 60% on Chinese goods, are enacted. He expressed his support for Trump's return to the presidency, noting that his administration would likely be more stable due to an experienced team.
Source: YAHOO
Reported about 1 month ago
Advanced Micro Devices, Inc. (AMD) has become a trending stock due to its recent strong performance, returning +9.8% over the past month, outpacing the S&P 500. While its earnings for the current quarter are projected to rise by 30%, recent earnings estimate revisions have slightly declined. With a consensus revenue growth forecast of 15.7% this quarter and historical successes in beating estimates, AMD may still attract investor interest despite being rated as 'Hold' by Zacks.
Source: YAHOO
Reported about 1 month ago
The US dollar is stabilizing against the Japanese yen around the 145 yen mark, hanging near a crucial trend line. A rally above 147.50 could indicate recovery potential, while a drop below 142 may lead to further declines towards 138. Market conditions suggest a potential bounce, as the Bank of Japan's tightening measures may be limited.
Source: YAHOO
Reported about 1 month ago
In July, the Fed's favored inflation metric, the core Personal Consumption Expenditures (PCE) index, increased by 0.2%, matching Wall Street's forecasts and the prior month’s figure. Over the past year, prices rose 2.6%, consistent with June’s increase and below analysts' expectations. This data comes as Fed Chair Jerome Powell suggests a probable rate cut next month, indicating a cautionary approach due to potential labor market deterioration.
Source: YAHOO
Reported about 1 month ago
Federal Reserve policymakers are expected to cut interest rates by 25 basis points in September, with projections for a total decrease of 100 basis points by year-end, as inflation cools and economic conditions shift. Recent data showed the PCE price index rising by 2.5% compared to last year, indicating a steady decline in inflation which could prompt more aggressive rate cuts if the labor market deteriorates.
Source: YAHOO
Reported about 1 month ago
In July, US consumer spending showed solid growth of 0.5%, indicating continued economic stability, despite a rise in the unemployment rate to 4.3%. Although inflation also rose moderately, the data suggests that a significant interest rate cut by the Federal Reserve may not be warranted, as consumer activity remains robust and supports economic momentum. The Federal Reserve is expected to carefully consider the upcoming employment report when determining future rate changes.
Source: YAHOO
Reported about 1 month ago
Recent data shows a significant decrease in inflation, as the Federal Reserve's preferred measure reports a modest 0.2% price increase from June to July, with the yearly inflation rate remaining steady at 2.5%. This trend marks a potential pivot for the Fed to begin cutting interest rates for the first time in over four years, amidst ongoing concerns about household finances and economic growth. Despite the cooling inflation, consumer spending remains robust, although savings rates have dropped to their lowest since the pandemic.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Donald Trump’s commitment to provide free IVF treatments if he wins the upcoming presidential election has led to a significant increase in shares of Swedish healthcare company Vitrolife AB, which specializes in fertility care. On Friday, their stock surged by 8.5%, extending a yearly rally of approximately 70%. This promise comes as a notable shift for Trump, particularly given his previous stance on reproductive rights and the challenges facing IVF treatments highlighted by recent legal rulings.
Source: YAHOO
Reported about 1 month ago
General Motors has postponed a $330 million investment in Lithium Americas' Thacker Pass lithium project until the end of the year. This investment is part of a larger $650 million commitment to support the development of the project, which has the capacity to supply lithium for manufacturing one million electric vehicles annually. The delay is tied to the completion of a significant loan agreement with the U.S. Energy Department, which Lithium Americas is trying to finalize amid political uncertainties.
Source: YAHOO
Reported about 1 month ago
Brazilian President Luiz Inacio Lula da Silva emphasized that Elon Musk must adhere to Brazilian laws as the social media platform X faces a potential shutdown due to an ongoing dispute with the country's Supreme Court. Musk's firm is currently at odds with Justice Alexandre de Moraes over compliance with orders to block certain accounts linked to digital militias. Amidst tensions, Starlink, which Musk partly owns, is contesting the freezing of its bank accounts in Brazil, alleging no wrongdoing.
Source: YAHOO