Reported about 2 months ago
In an interview, former Cleveland Fed President Loretta Mester emphasized that politics does not influence Federal Open Market Committee (FOMC) meetings. As the 2024 presidential election draws near and economic policies become a prominent issue, she reiterated that the Fed prioritizes its dual mandate goals while setting monetary policy. Mester stressed the importance of an independent Fed in achieving better economic conditions.
Source: YAHOO
Reported about 2 months ago
Vice President Kamala Harris has been largely silent on oil and gas issues since becoming the Democratic nominee for president, a strategy noted by industry experts. While her economic plan does not address energy prices, her opponent, Donald Trump, emphasizes increased drilling as a solution. Critics highlight her previous anti-fracking stance, suggesting her current position is calculated to avoid backlash in key states. If she wins, Harris is expected to focus on green energy initiatives rather than aggressive fossil fuel restrictions.
Source: YAHOO
Reported about 2 months ago
With Nvidia facing delays in its new GPU series due to design issues, Advanced Micro Devices (AMD) might find a prime opportunity to increase its market share in the AI-powered chip sector. While Nvidia currently dominates with an 80% market share, AMD's MI300X GPU is gaining traction, offering potential for investors. As AMD navigates this moment, it could disrupt Nvidia's momentum, providing a compelling reason for investors to consider buying AMD stock.
Source: YAHOO
Reported about 2 months ago
Swiss Finance Minister Karin Keller-Sutter has raised alarms about the 'time bomb' of debt levels in the US and Europe, which she believes pose significant risks to international financial stability and Switzerland's economy. In a recent interview, she highlighted Switzerland's disciplined financial approach in contrast to heavily indebted countries that struggle to respond to economic challenges, citing the recent stock market turmoil as a warning signal.
Source: YAHOO
Reported about 2 months ago
Chipotle Mexican Grill has appointed Scott Boatwright as its interim CEO following the departure of Brian Niccol, who left to lead Starbucks. Boatwright, who previously managed operations at Chipotle, is tasked with maintaining the chain's strong sales momentum and brand stability amidst challenges in the broader restaurant industry. Under Niccol, Chipotle saw significant growth, and stakeholders now hope Boatwright will continue this legacy without making drastic changes.
Source: YAHOO
Reported about 2 months ago
Investing in stocks that are down significantly can be tempting, but not all dips are worth buying. Walgreens Boots Alliance, Trump Media & Technology Group, and Intel have all suffered steep declines recently, yet their prospects remain uncertain. Walgreens struggles with profitability and cash flow, Trump Media lacks substantial revenue, and Intel has reported significant losses while suspending its dividend. Investors should proceed cautiously as these stocks may continue to decline.
Source: YAHOO
Reported about 2 months ago
A couple who bought a vacation home for $1 million in 2000 plans to sell it after it has doubled in value and seeks ways to defer capital gains tax. The article discusses options like structured-installment sales using annuities and 1031 exchanges that allow for tax deferral by reinvesting proceeds into similar properties. However, eligibility for tax exclusions varies depending on whether the property qualifies as a primary residence.
Source: YAHOO
Reported about 2 months ago
Hedge funds have raised their bullish positions on gold to the highest level in over four years, driven by expectations of earlier and more significant monetary easing by the Federal Reserve. As of August 20, net-long positions surged by 7.8% to 236,749 contracts, coinciding with gold reaching a record high of $2,531.75 an ounce, reflecting market anticipation of a potential rate cut.
Source: YAHOO
Reported about 2 months ago
The Federal Reserve, led by Chair Jay Powell, has announced a forthcoming interest rate cut, marking a significant shift in policy after a year of high inflation and multiple rate hikes. This decision, following a prolonged period of inflation peaking at 9% in mid-2022, aims to improve consumer sentiment as the November elections approach. While this could benefit Vice President Kamala Harris in her presidential run, the timing may not aid President Biden's approval ratings or re-election prospects. The Fed will make its first cut during its next meeting on September 17.
Source: YAHOO
Reported about 2 months ago
The 2024 presidential campaign will have significant implications for American financial stability, influencing issues like Social Security, drug costs, everyday goods prices, and taxes. Yahoo Finance analyzes the vastly different economic policies proposed by candidates Donald Trump and Kamala Harris, focusing on 20 critical financial issues that will affect households and retirees. This interactive guide will be updated throughout the campaign to reflect candidates' positions and new developments.
Source: YAHOO
Reported about 2 months ago
As the back-to-school shopping season approaches, the average household is expected to spend around $875 on supplies, the second-highest amount ever recorded. To manage expenses, families are advised to set a budget based on previous expenditures, create a sinking fund for future costs, take inventory of existing supplies, shop early to take advantage of sales, consider secondhand purchases, and buy in bulk with friends. With nearly 70% of families indicating that rising prices are a concern, these strategies can help reduce financial strain while ensuring children are well-prepared for the school year.
Source: YAHOO
Reported about 2 months ago
At 65, having $1.4 million in your IRA offers a strong foundation for a long retirement, but sustainability requires careful planning. To make the most of your savings over potentially 25 years or more, consider essential factors like income needs, investment strategies, tax implications, and required minimum distributions (RMDs). Utilizing a safe withdrawal rate, such as the 4% rule, can help ensure your savings endure, alongside strategic financial management with the assistance of a financial advisor.
Source: YAHOO
Reported about 2 months ago
Conflicting federal policies regarding dam safety and flood insurance are forcing communities in flood-prone areas to either pay more for coverage or remain unaware of potential risks from upstream dams. A review indicates that insufficient sharing of critical dam information, compounded by security measures implemented after the 9/11 attacks, hinders effective flood risk management. Communities striving for discounts under FEMA's flood insurance program face challenges due to restricted access to data needed for mapping and public outreach, increasing the potential for costly consequences and unsafe living conditions.
Source: YAHOO
Reported about 2 months ago
The National Retail Federation's survey shows families with children in kindergarten through high school will spend an average of $874.68 on back-to-school items this year. To ease the financial burden, Yahoo Finance offers effective strategies to help families plan their spending wisely and avoid financial stress during the shopping season.
Source: YAHOO
Reported about 2 months ago
Lyft's stock has plummeted 83% since its IPO, but recent signs of profitability and growing revenue have attracted billionaire investors like David Tepper and Ken Griffin. Tepper's Appaloosa Management purchased 7.5 million shares, while Griffin's Citadel Advisors acquired 4.4 million shares, signaling confidence in Lyft's recovery. Market analysts are debating whether this is the right time for investors to consider buying Lyft shares, with its recent profits suggesting a potential turnaround.
Source: YAHOO
Reported about 2 months ago
With the stock market reaching new highs, some stocks remain undervalued. American Water Works, Enbridge, and Clearway Energy are highlighted as strong dividend stocks worth considering. American Water Works offers stable dividends backed by consistent earnings growth, Enbridge provides a robust yield supported by its midstream and renewable energy ventures, and Clearway Energy's stock is currently undervalued with a high yield, presenting an opportunity for growth as interest rates potentially decline. Investors are encouraged to take action before these stocks become more expensive.
Source: YAHOO
Reported about 2 months ago
Billionaire David Tepper increased his investments in two ETFs during the second quarter of 2024: the iShares China Large-Cap ETF and the KraneShares CSI China Internet ETF. While Tepper sees potential in these funds due to attractive valuations, experts caution that investing in Chinese stocks carries inherent risks, especially given recent government crackdowns. Generally, these ETFs may not be the best choice for most investors, and a focus on specific, financially strong Chinese stocks might yield better results.
Source: YAHOO
Reported about 2 months ago
In 2024, Nvidia, Super Micro Computer, and Eli Lilly are predicted to be the top performers in the S&P 500. Nvidia is expected to maintain its leading position due to strong sales and upcoming product announcements, while Super Micro's growth is bolstered by significant AI demand. Eli Lilly's potential comes from the success of its diabetes and obesity drug, with expectations for additional regulatory approvals enhancing its market prospects.
Source: YAHOO
Reported about 2 months ago
Realty Income, known for its reliable monthly dividends, has a strong track record of paying and increasing its dividends. Currently, it offers a monthly payout of $0.26 per share, equating to an annual dividend of $3.16. Despite having a high payout ratio of 287% over the past year, it has already increased dividends four times in 2024, while total dividends paid in 2023 reached $2.4 billion. Investors are curious about potential additional increases as the year progresses.
Source: YAHOO
Reported about 2 months ago
Nvidia's stock has increased by 30% since the announcement of a 10-for-1 stock split in May, and it has seen an overall rise of 800% since the launch of ChatGPT in November 2022. Historically, stocks that split often decline in the long term, with Nvidia's past data showing an average drop of 23% in the year following splits. With significant revenue growth anticipated in its upcoming earnings report, investors are faced with a precarious decision: buy now or wait for potential price drops after the earnings announcement.
Source: YAHOO
Reported about 2 months ago
As speculation grows around a potential interest rate cut by the Federal Reserve in September, investors are urged to consider three Vanguard ETFs that could benefit from such a move. These include the Vanguard Long-Term Bond ETF, which is expected to rise as bond prices increase with falling rates; the Vanguard Real Estate ETF, which offers exposure to REITs that perform well when borrowing costs drop; and the Vanguard Small-Cap Value ETF, which targets smaller companies likely to gain from lower rates. Each of these options presents low expense ratios, making them attractive propositions for investors.
Source: YAHOO
Reported about 2 months ago
As Nvidia prepares to release its fiscal second-quarter results on August 28, analysts predict a critical adjustment in its gross margin may indicate the early stages of an AI bubble bursting. Despite significant demand for its H100 GPUs driving up company revenues, rising competition and AI infrastructure innovations from major clients like Microsoft and Amazon signal potential declines in pricing power. Observers caution that the lack of clear profit strategies among businesses investing in AI may lead to disappointment, reminiscent of past tech bubbles.
Source: YAHOO
Reported about 2 months ago
The People's Bank of China (PBOC) has clarified that it will not ban bond trading but is concerned about the risks stemming from a recent buying frenzy in government bonds. Despite not forbidding legitimate trading, the central bank has issued warnings to several financial institutions that have rapidly increased their bond holdings, highlighting fears of unsustainable low yields leading to market instability. The PBOC aims to maintain market stability amidst rising concerns over a potential bond bubble while investors continue to flock to government securities as safe assets.
Source: YAHOO
Reported about 2 months ago
Realty Income (NYSE: O), a leading real estate investment trust (REIT), has consistently raised its dividend for over 26 years and is now strategically investing in real estate credit to generate higher yields amidst rising interest rates. In the second quarter alone, the company made over $800 million in new investments, including a notable $377.5 million in senior secured notes with an 8.1% yield. This shift not only enhances its cash flow but also positions Realty Income for future real estate acquisition opportunities, demonstrating its adaptability in the current market environment.
Source: YAHOO
Reported about 2 months ago
The article discusses the current bull market in AI stocks, highlighting two companies, Palantir Technologies and Trimble, which are trading significantly below their peak valuations by 18% and 41%, respectively. Palantir shows strong growth in both public and private sectors, while Trimble has a robust growth trajectory in its engineering and construction segments. Both stocks are recommended as smart investments due to their growth potential and market valuation discounts.
Source: YAHOO