Reported 2 days ago
The Nasdaq Composite rose over 1% while the Dow Jones fell nearly 0.3% as the market prepared for Nvidia's third quarter earnings report. Initial concerns over the Russia-Ukraine War faded, allowing investors to focus on Nvidia (NVDA), which has seen a significant boost in stock prices ahead of the high-stakes announcement.
Source: YAHOO
Reported 2 days ago
On Tuesday, US stocks had a mixed close, with the Nasdaq Composite rising over 1%, driven by a nearly 5% increase in Nvidia's shares ahead of its earnings report. The market largely disregarded concerns over the Russia-Ukraine conflict, even as gold prices climbed to a one-week high amid heightened geopolitical fears. The Dow Jones fell about 0.3%, while the S&P 500 ended up 0.4%. Bitcoin also approached record highs as its demand grows amid favorable crypto policies anticipated under the new administration.
Source: YAHOO
Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
Nvidia is set to release its third-quarter earnings on November 20, with expectations of a significant sales increase of 82% to $33.1 billion and an 85% rise in EPS to $0.74. The tech giant has consistently surpassed earnings expectations, outperforming not only its peers but also becoming the largest chipmaker by market cap. Given the rising EPS estimates and positive trends, analysts suggest there might be further growth in Nvidia's stock if it meets or exceeds its forecasts.
Source: YAHOO
Reported 2 days ago
Source: INVESTORS
Reported 2 days ago
Symbotic (SYM) experienced a significant increase in shares, soaring over 25%, following the announcement of its fiscal fourth-quarter results that exceeded analysts' expectations, along with promising future guidance. Market experts, including Julie Hyman and Josh Lipton, provided insights into the company's performance and investor implications.
Source: YAHOO
Reported 2 days ago
Walmart is experiencing significant growth, with households earning over $100,000 a year contributing to 75% of its recent gains. The company's U.S. sales rose 5.3% in the last quarter, prompting an optimistic outlook for the holiday shopping season. While traditionally catering to low and middle-income shoppers, Walmart has expanded its offerings to attract higher-income customers by enhancing its grocery options and online services. This trend highlights a broader consumer shift towards seeking value in the face of ongoing economic pressures.
Source: YAHOO
Reported 2 days ago
President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald and a cryptocurrency supporter, for the position of commerce secretary. This role encompasses oversight of economic policies including trade restrictions and the modernization of technology industries. Lutnick has been a vocal advocate of Trump's tariff plans and has a personal connection to the tragedy of 9/11, with many employees of his firm lost in the attacks. He also actively promotes cryptocurrency and aims for its wider acceptance in global trade.
Source: YAHOO
Reported 2 days ago
Stocks for tax-filing companies Intuit and H&R Block have dropped following news that President-elect Donald Trump's proposed Department of Government Efficiency (DOGE) is contemplating the creation of an app for IRS tax filings. The project is co-led by Elon Musk and Vivek Ramaswamy, stirring concerns in the market.
Source: YAHOO
Reported 2 days ago
As Donald Trump continues to shape his economic team, market investors are closely watching the appointment of Howard Lutnick as commerce secretary, who will be pivotal in leading tariff and trade agendas. Trump's vague recent comments on tariffs have left businesses in uncertainty regarding his intentions, particularly concerning potential high tariffs on China and other countries. With more key positions, including Treasury Secretary and US Trade Representative yet to be filled, investors are awaiting definitive signals about future economic policies.
Source: YAHOO
Reported 2 days ago
Thousands of farmers protested in London against the new Labour government's decision to impose inheritance tax on farms, affecting those with estates over £1 million. The farmers, expressing fears that the tax could devastate their businesses, were joined by celebrities like Jeremy Clarkson and James Dyson. The government defends the tax as a means to eradicate loopholes but faces significant backlash from a community already struggling with post-Brexit challenges. Critics, including opposition leaders, warn that the policy could cost Labour support in rural areas.
Source: YAHOO
Reported 2 days ago
Trump Media & Technology Group is in negotiations to purchase crypto firm Bakkt, resulting in a dramatic 162% increase in Bakkt's stock price. Following the news, Trump Media's stock also rose over 16%. Trump's agenda includes making the U.S. a crypto leader and rolling back SEC regulations perceived as burdensome by the industry.
Source: YAHOO
Reported 2 days ago
Spirit Airlines has filed for bankruptcy protection after failing to adapt to changing post-pandemic travel trends. Initially positioned for success, the airline struggled with increased debt, a shift in consumer demand towards full-service carriers, and a significant decline in aircraft utilization. Despite attempts to rebrand and expand capacity, Spirit could not maintain profitability, ultimately succumbing to economic pressures that have also impacted other budget airlines.
Source: YAHOO
Reported 2 days ago
This article highlights two promising tech stocks, Roku and Toast, which have potential for significant long-term growth. Roku, a leading media-streaming technology firm, and Toast, specializing in restaurant management software, are positioned for substantial market opportunities in the coming years. Both companies have established solid business foundations, with impressive revenue growth and cash reserves, making them attractive options for growth investors looking for the next big winners.
Source: YAHOO
Reported 2 days ago
President-elect Donald Trump has selected Howard Lutnick, CEO of Cantor Fitzgerald, as his nominee for the Secretary of Commerce. Lutnick joins a list of other prominent figures, including Elon Musk and Matt Gaetz, in key government roles. Yahoo Finance's coverage includes insights into this nomination and its implications for the market.
Source: YAHOO
Reported 2 days ago
As President-elect Trump considers his picks for Treasury secretary, Kevin Warsh, a former Federal Reserve board member, garners support in the bond market, signaling optimism among investors. With a background in economics and extensive experience during the financial crisis, Warsh's potential nomination could ease concerns about the Treasury's management of government debt. However, his established views on trade may clash with Trump's protectionist agenda. If nominated, Warsh would play a crucial role in shaping economic policies during Trump's administration.
Source: YAHOO
Reported 2 days ago
The Biden administration has officially begun calling Edmundo González Urrutia the president-elect of Venezuela, acknowledging his victory in July's presidential election over Nicolás Maduro. This designation marks the strongest stance yet from the US, which aims to exert pressure on Maduro. While the US previously indicated that González had more votes, it refrained from labeling him as president-elect until now. González fled to Spain, claiming coercion to declare Maduro the winner but intends to return to be sworn in, though this appears unlikely given Maduro's hold on power.
Source: YAHOO
Reported 2 days ago
Tim Gunn, known for his work on Project Runway, shares his insights on achieving financial discipline during an interview on Living Not So Fabulously. Drawing from his personal battle with debt, he emphasizes the importance of restraint in spending, warning against the fleeting satisfaction of purchases and the long-term consequences of credit card debt. He encourages listeners to prioritize financial freedom and discipline over impulsive spending.
Source: YAHOO
Reported 2 days ago
According to Barclays, the Federal Reserve’s Standing Repo Facility (SRF) is inadequate for addressing upcoming funding market volatility unless significant changes are made. The SRF, which allows banks and primary dealers to borrow overnight against Treasury and agency debt, has demonstrated its limitations, especially during liquidity crunches, as evidenced by recent trading activity. Barclays suggests that modifications are necessary to enhance the SRF's effectiveness in redistributing funding amidst market pressures, as current conditions make it seem like the repo market could be on its own during turbulent times.
Source: YAHOO
Reported 2 days ago
Dan Lewis, co-founder and former CEO of Convoy, reflected on the rapid rise and ultimate decline of the digital freight brokerage during a discussion at FreightWaves’ F3: Future of Freight Festival. He acknowledged the challenges faced by the company, which went from a $3.8 billion valuation in 2022 to shutting down by late 2023, attributing part of the downfall to costly decisions and missed opportunities to adapt to market changes. Despite the struggles, Lewis expressed pride in Convoy's impact on the industry and its legacy of innovation.
Source: YAHOO
Reported 2 days ago
President-elect Donald Trump has nominated Howard Lutnick, the billionaire head of Cantor Fitzgerald and a proponent of tariffs, as his commerce secretary. Lutnick's role will involve leading trade agenda and enforcing tariffs, reflecting Trump's commitment to protect American workers. His nomination follows calls within Trump's circle to replace the initial frontrunner for treasury and emphasizes Lutnick's influence in the upcoming administration.
Source: YAHOO
Reported 2 days ago
A U.S. Senate Judiciary subcommittee chair emphasized that President-elect Donald Trump cannot bypass a law compelling TikTok's parent company, ByteDance, to divest the app used by 170 million Americans by early next year. Senator Richard Blumenthal noted that Congress passed this divestiture law in April, with a potential one-time extension available from President Biden. Blumenthal reinforced that any attempts to change the law would face strong public sentiment against TikTok's presence.
Source: YAHOO
Reported 2 days ago
US stocks closed mixed with the Nasdaq rising over 1%, driven by Nvidia's strong performance ahead of its earnings report, while the Dow Jones fell about 0.3%. Investors navigated concerns over a potential nuclear escalation in the Russia-Ukraine conflict, as President Putin signed a revised nuclear doctrine. The S&P 500 managed to gain 0.4% despite earlier losses, while gold prices climbed alongside other safe-haven assets amidst the geopolitical uncertainty.
Source: YAHOO
Reported 2 days ago
花旗集团和圣坦德银行正在筹备一项高达40亿欧元（约合42亿美元）的债务，以支持西班牙废物管理公司Urbaser的潜在出售。两家银行不仅在该收购过程中提供咨询服务，还向潜在买家提供融资支持。随着市场风险偏好的恢复，银行们开始主动进攻，希望通过充足的融资吸引买家，而Urbaser则是在2025年启动的杠杆融资收购的最新一例。在融资方案中，预计将包含21亿至25亿欧元的已融资债务，外加15亿欧元的未融资债务。预计很快将会有收购者的名单浮出水面。
Source: YAHOO
Reported 2 days ago
Bitcoin prices soared past $93,800 on Tuesday, fueled by post-election enthusiasm and President-elect Trump's promises of crypto-friendly policies. This surge follows a period of stability around $91,000, as the Bitcoin market continues to benefit from significant investment inflows, particularly into spot ETFs. Additionally, Trump Media & Technology Group is reportedly in talks to acquire Bakkt, potentially boosting the crypto sector further.
Source: YAHOO