Reported about 1 month ago
The stock market saw a decline led by technology shares on Wednesday, with the Dow Jones, S&P 500, and Nasdaq Composite falling ahead of Nvidia's earnings report, which is considered pivotal for market confidence. Despite Nvidia exceeding Wall Street's revenue and earnings estimates, its shares dropped approximately 4% after hours. Other tech stocks, including Microsoft and Amazon, also slid, while the retail sector faced challenges, evidenced by significant drops in shares of Abercrombie & Fitch and Foot Locker.
Source: YAHOO
Reported about 1 month ago
In the competitive landscape of stock trading, retail investors are gaining ground against traditional institutional investors. Tom Bruni, Head of Market Research at StockTwits, explains that retail traders excel in identifying niche opportunities that larger firms might overlook, largely due to the rapid exchange of information within their communities. This emerging trend highlights the evolving dynamics of the market and the shift in power towards retail investors.
Source: YAHOO
Reported about 1 month ago
Lowe's has decided to discontinue its diversity, equity, and inclusion (DEI) initiatives, including participation in LGBTQ advocacy surveys and community events, amid growing backlash against 'woke' policies. CEO Marvin Ellison, the only black head of two Fortune 500 companies, has faced criticism and claims of external pressure prompting this shift. This move follows a trend among major U.S. companies, influenced by a Supreme Court ruling that questioned race-conscious admissions, reflecting a broader reconsideration of DEI commitments.
Source: YAHOO
Reported about 1 month ago
AT&T recently experienced another outage that hindered some customers' ability to contact emergency services, the latest in a series of problems including previous outages and significant data breaches. Experts attribute the issues to overloaded networks, problematic software updates, and various technical difficulties. A telecommunications expert highlighted the need for AT&T to enhance their infrastructure to prevent future disruptions, as customer frustration continues to mount over these persistent service issues.
Source: YAHOO
Reported about 1 month ago
Warren Buffett's Berkshire Hathaway achieved a market capitalization of over $1 trillion for the first time, becoming the 8th U.S. company and 9th globally to reach this milestone. This landmark comes after decades of growth and diversification under Buffett's leadership, which transformed the company from its textile roots into a financial powerhouse with a diverse portfolio, including significant stakes in major corporations like Apple and Bank of America.
Source: YAHOO
Reported about 1 month ago
As Nvidia prepares to release its second-quarter earnings, chief investment officer David Bahnsen of the Bahnsen Group suggests investors consider Broadcom as a potentially stronger investment. He argues that while Nvidia dominates the AI chip market, Broadcom presents a more appealing value proposition due to its history of dividend growth and promising free cash flow, indicating that it could be a better choice for investors.
Source: YAHOO
Reported about 1 month ago
MicroStrategy's aggressive investment strategy in Bitcoin continues to yield positive results, according to executive chairman Michael Saylor, who stated, "we're buying all the time." Sylvia Jablonski, CEO of Defiance ETFs, praised the company's profitability and Saylor's effective dollar-cost averaging approach to Bitcoin. She emphasized that MicroStrategy serves as an excellent proxy for Bitcoin's volatility and long-term growth prospects.
Source: YAHOO
Reported about 1 month ago
Employees at Nvidia are enjoying substantial wealth due to soaring stock prices and lucrative compensation packages, causing envy among their counterparts at Google and Meta. An anonymous online forum revealed discussions where former Google employees questioned the riches of Nvidia staff, some boasting millions in net worth and exceptional perks, highlighting a stark contrast in financial well-being within the tech industry.
Source: YAHOO
Reported about 1 month ago
Kenvue, the maker of Tylenol, successfully defended against a lawsuit claiming that consumers were misled into believing their 'Rapid Release' gelcaps offered faster pain relief than cheaper alternatives. U.S. District Judge Andrew Carter ruled that the claims were preempted by federal regulations under the Food, Drug, & Cosmetic Act, stating that it wouldn't make sense to disregard FDA labeling regulations based solely on the wording used by the drug producer. The judge noted that the gelcaps dissolved slightly slower than regular tablets, contradicting the plaintiffs' claims.
Source: YAHOO
Reported about 1 month ago
As Labor Day Weekend approaches, retailers are set to offer substantial discounts on a variety of products, particularly seasonal items, tech gadgets, and home goods. CNET's Bridget Carey advises shoppers to take advantage of these sales, while also noting that other shopping events, like Amazon's Prime Day and Black Friday, will follow soon after, providing additional opportunities for savings.
Source: YAHOO
Reported about 1 month ago
Nvidia is set to release its second quarter earnings, which Wall Street is watching closely due to its influence on market trends. This follows a sharp decline in Super Micro Computer's stock after a 10-K report filing delay, amidst allegations of accounting manipulation. Other companies reporting include Salesforce, CrowdStrike, and Affirm Holdings.
Source: YAHOO
Reported about 1 month ago
After a months-long pause due to inaccuracies in historical depictions, Alphabet's Google announced it will roll out improved AI image generation capabilities for people on its Gemini platform. The updates are aimed at enhancing the accuracy of images and will initially be available to paid users in English, with plans to expand to more users and languages. The AI will not create images of specific individuals, children, or graphic content.
Source: YAHOO
Reported about 1 month ago
In a market focused on Nvidia's upcoming earnings, investor attention shifts to Broadcom, which is positioned differently within the semiconductor sector. Defiance ETFs CEO Sylvia Jablonski describes Broadcom as a leading company with strong revenue growth, emphasizing its unique focus on data centers and wireless technology, rather than direct competition with Nvidia. Jablonski likens Broadcom to 'the cousin of Nvidia,' indicating its complementary role in the chip industry.
Source: YAHOO
Reported about 1 month ago
A report from the Consumer Financial Protection Bureau (CFPB) reveals that major retailers like Dollar General, Dollar Tree, and Kroger have generated millions in revenue from cash-back fees charged to customers using debit or prepaid cards.
Source: YAHOO
Reported about 1 month ago
As summer ends, it's time for investors to reassess their budgets and tackle any overspending. Jessica Perrone, founder of HerFinancial IQ, emphasizes the importance of distinguishing between good and bad debt and prioritizing high-interest credit card debt. She encourages budgeting not just for debt repayment, but also for savings and investments, to gain control over personal finances.
Source: YAHOO
Reported about 1 month ago
Citi has raised its price target for SentinelOne from $20 to $25, maintaining a Neutral rating. Despite recent optimism, analysts believe that SentinelOne's success in gaining market share, especially following issues faced by CrowdStrike, remains uncertain. The company's strategy appears to focus on attracting dissatisfied CrowdStrike customers, but skepticism remains regarding its ability to prove itself in a competitive market.
Source: YAHOO
Reported about 1 month ago
As Nvidia's (NVDA) earnings approach, traders expect a significant impact on the stock, which could fluctuate nearly 10%, influencing major indices and several hundred ETFs with notable exposure to the tech giant. BNY Mellon's Ben Slavin emphasizes the importance of understanding ETF weightings, especially amid risks tied to concentration in key tech stocks like Nvidia. This scenario highlights the differences in performance between actively managed and passive ETFs, as investors reassess their strategies.
Source: YAHOO
Reported about 1 month ago
CrowdStrike (CRWD) is set to release its first earnings report since a significant software update caused widespread IT outages in July. Citi analyst Fatima Boolani emphasizes the importance of guidance in rebuilding investor confidence, as the management team must address worries about business impacts while affirming the company's medium-term prospects. Despite concerns, Boolani highlights a growing need for talent in cybersecurity, suggesting that generative AI could provide solutions, though it may not be the focus of the earnings report.
Source: YAHOO
Reported about 1 month ago
Super Micro Computer's stock plummeted 26.3% following negative allegations in a report from Hindenburg Research, which claimed the company had poor accounting practices. The situation was exacerbated by the announcement of a delay in filing its annual 10-K report. Despite the current volatility, some analysts suggest it could be a buying opportunity for risk-tolerant investors, especially with a significant year-to-date performance and an upcoming stock split on October 1.
Source: YAHOO
Reported about 1 month ago
Meta Platforms has been ordered by a Brazilian court to pay up to $3.62 million for allowing fake advertisements misusing the name of retailer Havan. The judge ruled that Meta must disable ads that were not contracted by Havan or face increased fines, citing inadequate security in ad sales that mislead consumers. Havan claims that these false ads, which previously resulted in fraud against customers, portray a significant issue in safeguarding its brand and rights.
Source: YAHOO
Reported about 1 month ago
Super Micro Computer (SMCI) is experiencing stock pressure due to a delay in its annual report following allegations of accounting manipulation by Hindenburg Research. Despite these challenges, Sylvia Jablonski, CEO & CIO of Defiance ETFs, maintains a positive outlook, indicating that if SMCI can prove its accounting practices are reliable, it presents a strong buying opportunity. She emphasizes the company’s substantial growth, leadership in cooling data centers, and an upcoming 10-for-1 stock split as reasons to remain optimistic about the stock’s future, particularly with the ongoing advancements in AI.
Source: YAHOO
Reported about 1 month ago
Barry Heitin, a 76-year-old retired lawyer, became the victim of a sophisticated scam that led to the loss of nearly all his retirement savings, amounting to approximately $740,000. Deceived by criminals posing as government officials, he unwittingly assisted them in withdrawing funds from his accounts. The emotional impact was compounded by an unexpected tax bill of $285,000 due to these withdrawals. His story illustrates the urgent need for financial vigilance, especially among seniors who are increasingly targeted by scammers.
Source: YAHOO