Reported about 2 months ago
Media executive Edgar Bronfman Jr. has withdrawn his bid for Paramount Global, clearing the path for Skydance Media to take control of the company. Bronfman's inability to secure necessary funding and the failure of key partners to commit led to his decision. Paramount's board expects the deal with Skydance to finalize in 2025, following a thorough search for other potential buyers.
Source: YAHOO
Reported about 2 months ago
This article discusses Energy Transfer, which offers an attractive 8% yield but carries risks due to past distribution cuts and management controversies, suggesting it might not be a reliable choice for income-focused investors. In contrast, Enterprise Products Partners, with a lower 7.2% yield, is recommended as a more stable option, having consistently increased its distributions and maintained a solid financial position.
Source: YAHOO
Reported about 2 months ago
Warren Buffett's Berkshire Hathaway strategically holds 29% of its public equities portfolio in Apple, a key player in the ongoing AI boom. While Buffett traditionally hesitated on tech investments, Apple's advancements in AI, which include improved devices and features aimed at enhancing user experience, capture investor attention. However, with its shares currently trading at a high price-to-earnings ratio, analysts caution against buying Apple stock right now, suggesting that it may not present the same growth opportunities as in the past.
Source: YAHOO
Reported about 2 months ago
A federal appeals court has reinstated Tesla's lawsuit against Louisiana's ban on direct vehicle sales, allowing the company to challenge the ruling that previously dismissed its claims. The court found that Tesla made plausible allegations of bias from the Louisiana Motor Vehicle Commission, which it accuses of unfairly targeting its sales model. The case will now return to a lower court for further proceedings.
Source: YAHOO
Reported about 2 months ago
Brandon Copeland, a former NFL player, shares three key financial literacy principles on the 'Financial Freestyle' podcast. He emphasizes the importance of learning financial terminology through staying updated with financial news, creating a flexible budget comparable to a football game plan, and prioritizing debt repayment before investing to successfully manage personal finances.
Source: YAHOO
Reported about 2 months ago
The Dow Jones Industrial Average hit a record closing high of 41,240.52, rising over 0.1%, despite declines in the S&P 500 and Nasdaq, which fell 0.3% and 0.8% respectively due to bearish trends in technology stocks, particularly Nvidia and Broadcom. Investors are awaiting crucial earnings reports and economic data, including Nvidia's quarterly results and the August jobs report, amid increasing expectations for interest rate cuts from the Federal Reserve.
Source: YAHOO
Reported about 2 months ago
California's proposed AI safety bill, SB 1047, seeks to impose stricter regulations on AI developers, particularly those investing over $100 million in AI models, by requiring safety tests, safeguards, and allowing state oversight. While some tech leaders like Elon Musk support it as a necessary regulation, others, including major companies like Google and influential figures in the AI field, argue it could stifle innovation and disadvantage smaller entities. The bill's future, pending a vote in the State Assembly and possible gubernatorial approval, remains uncertain as it garners both support and fierce opposition.
Source: YAHOO
Reported about 2 months ago
Apple has appointed Kevan Parekh as its new chief financial officer, replacing Luca Maestri who will step down on January 1, 2025. This transition comes as Apple prepares for a significant product launch this fall, which analysts believe is crucial for revitalizing sales, particularly in China. Parekh, who has been with Apple for over a decade, previously served as vice president of financial planning and analysis, and is expected to uphold strong capital management and potentially explore acquisition opportunities while Maestri continues to lead corporate services.
Source: YAHOO
Reported about 2 months ago
As Apple prepares for its iPhone 16 launch, analysts suggest that the company's advancements in AI technology may be more appealing for stock performance than new iPhone sales. TECHnalysis Research's Bob O'Donnell believes the iPhone market is saturated with similar designs and that future growth will depend more on software than hardware innovations.
Source: YAHOO
Reported about 2 months ago
As the possibility of the Federal Reserve lowering interest rates increases, investors are encouraged to explore opportunities in retail real estate, particularly in grocery-anchored, open-air spaces that enhance customer experiences. Hines Global CIO David Steinbach emphasizes the importance of focusing on projects that leverage omnichannel strategies and cautions against investing in properties needing substantial renovations, such as malls.
Source: YAHOO
Reported about 2 months ago
Paramount is currently weighing two offers: Skydance Media's bid, which includes studio integration and stakeholder protections, and Edgar Bronfman Jr.'s proposal, which offers more cash to shareholders while allowing the studio to maintain its current structure. Analyst Jamie Lumley emphasizes that while Skydance has financial backing from the Ellison family, Bronfman's approach requires consensus from multiple parties. Additionally, Paramount aims to streamline its operations by divesting non-core assets and refocusing on producing top-quality content.
Source: YAHOO
Reported about 2 months ago
As Wall Street prepares for the Federal Reserve's upcoming interest rate cuts, attention is focused on July's Personal Consumption Expenditures (PCE) price index. J.P. Morgan's Jack Manley anticipates a potential reduction of up to 75 basis points through 2024, including a 50 basis point cut in September. He emphasizes the Fed's data-dependent approach, with upcoming job data likely influencing future rate decisions. The article explores the implications of these cuts on fixed-income markets and the potential challenges for small cap stocks amidst economic uncertainties.
Source: YAHOO
Reported about 2 months ago
Both Vice President Kamala Harris and former President Donald Trump have proposed economic plans that, according to analyses from various firms, could ultimately drive inflation rates higher. Yahoo Finance's Rick Newman analyzes how the policies of each candidate may impact the economy in this regard.
Source: YAHOO
Reported about 2 months ago
Apple has announced that its Chief Financial Officer, Luca Maestri, will move to a new position starting January 1, 2025, while Kevan Parekh, currently the Vice President of Financial Planning and Analysis at Apple, will take over the CFO role. Maestri will still lead the Corporate Services teams.
Source: YAHOO
Reported about 2 months ago
On August 26, 2024, the Dow Jones Industrial Average reached a new record high, while the Nasdaq Composite and S&P 500 indexes saw declines. Despite a rebound in tech stocks, concerns linger around Nvidia's upcoming earnings report. Additionally, small cap stocks appear undervalued as their earnings estimates do not keep pace with the S&P 500. Yahoo Finance's markets reporter Josh Schafer provides insights on these trends in the market.
Source: YAHOO
Reported about 2 months ago
Analyst Aneesha Sherman highlights that Peloton is currently prioritizing operational improvements over growth as it seeks a new CEO. She stresses the importance of new leadership, asserting that a growth-oriented strategy is essential for the company's future direction.
Source: YAHOO
Reported about 2 months ago
Oil prices are increasing due to Libya's government halting exports and escalating tensions in the Middle East. Kpler's analyst, Matt Smith, highlights that while seasonal demand typically slows down, OPEC's actions and Libya's production shutdown are creating immediate impacts on the market. As oil prices rise, consumers may soon feel this at the gas pump, countering the recent decline in prices witnessed over the summer.
Source: YAHOO
Reported about 2 months ago
Tomorrow will see the release of August consumer confidence data and the Case-Shiller Home Price Index for June, which is expected to show a month-over-month decline. Additionally, Nordstrom is set to report its second quarter earnings on August 27, alongside Box, Inc.
Source: YAHOO
Reported about 2 months ago
In an engaging conversation on Financial Freestyle, Tiffany James discusses her unexpected journey to create the wealth-building community, Modernblkgrl. Initially aimed at teaching a small class, the platform quickly gained traction, growing from 50 to an astonishing 125,000 women in just months, showcasing a powerful movement towards investing education among women.
Source: YAHOO
Reported about 2 months ago
In a recent analysis, Ivana Delevska, Chief Investment Officer at Spear Invest, recommends investors buy Nvidia due to its strong sales performance with the Hopper and upcoming Blackwell lines, driven by demand for AI products. Conversely, she suggests avoiding Alphabet, citing concerns over its search business facing increasing competition from AI and ongoing antitrust issues that could hinder its growth.
Source: YAHOO
Reported about 2 months ago
The Dow Jones Industrial Average achieved a new record high, surpassing 41,240 points, while the tech-heavy Nasdaq Composite and S&P 500 indices experienced declines as market sentiment remained cautious ahead of Nvidia's upcoming earnings report.
Source: YAHOO
Reported about 2 months ago
Wayfair's stock rating has been downgraded from Buy to Hold by Argus Research due to analyst John Staszak's concerns over the company's prospects, which appear dim amid high interest rates and a decline in home sales.
Source: YAHOO
Reported about 2 months ago
E.l.f. Beauty's shares dropped significantly on Monday; however, Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating with a price target of $260. Wolfmeyer views this decline as a buying opportunity, predicting over 30% top line growth for the company in the upcoming quarter.
Source: YAHOO
Reported about 2 months ago
Generation X, often overlooked, is now facing a precarious retirement situation with a significant number relying on financial assistance from their children, leading to the term 'Silver Squatters.' As they approach their mid-50s, many have alarmingly low savings—often just $50,000, a stark contrast to what's needed for a comfortable retirement. Economic pressures and a lack of preparedness highlight the need for this generation to engage in open discussions about their future financial planning and seek ways to improve their retirement readiness.
Source: YAHOO
Reported about 2 months ago
Following recent commentary from the Federal Reserve, market optimism for a September interest rate cut is rising. Strategist Sam Stovall predicts a series of cuts, starting with 25 basis points, to ensure inflation is under control, with additional cuts anticipated through 2025. Investors are also closely monitoring Nvidia's upcoming earnings report, which could influence market expectations.
Source: YAHOO