Reported about 2 months ago
NextEra Energy Partners, known for its high dividend yield of over 14%, is becoming a risky investment due to rising costs and a high dividend payout ratio. In contrast, Brookfield Renewable, offering a more modest yield of around 5%, possesses a stronger financial foundation and sustainable growth prospects, making it a better choice for income-focused investors.
Source: YAHOO
Reported about 2 months ago
In 2025, several important changes to Social Security will take effect, regardless of the presidential election results. Retirees can expect an increase in their monthly payments due to cost-of-living adjustments, while the earnings thresholds and work credit requirements will also shift. Additionally, the full retirement age to claim benefits without penalties will be raised, and high earners will face a higher income cap for Social Security taxes. These modifications are already set in motion and will impact current and future retirees.
Source: YAHOO
Reported about 2 months ago
For income investors in the energy sector, volatility is a significant concern. While Devon Energy has a variable dividend linked to fluctuating oil and gas prices, making it less appealing, Chevron and Enterprise Products Partners emerge as better options. Chevron boasts a stable dividend history with a diverse portfolio across the energy sector, while Enterprise's consistent distribution growth and strong cash flow make it a reliable choice. Investors seeking dependable income should consider these two stocks over Devon Energy.
Source: YAHOO
Reported about 2 months ago
The article highlights three stocks that have undergone splits and are expected to see significant growth, as predicted by Wall Street analysts. Nvidia, which is riding the AI wave, has a potential upside of 62%. MicroStrategy, known for its Bitcoin strategy, could see a 61% gain. Super Micro Computer stands out with an impressive anticipated upside of 148% due to its strong performance in server customization and energy efficiency amidst rising AI demands.
Source: YAHOO
Reported about 2 months ago
CSX has announced tentative agreements with seven additional unions, bringing the week's total to 12. These new contracts highlight the growing influence of labor as companies face staffing challenges post-pandemic, and they come shortly after similar agreements were made by Norfolk Southern and BNSF. CSX's President emphasized the commitment to collaboration with union partners, which aims to ensure a promising future for employees and the company's operations.
Source: YAHOO
Reported about 2 months ago
Edgar Bronfman Jr., an heir to a media legacy, attempts to gain control of Paramount Global, seeing potential to rejuvenate the company amidst its challenges in the evolving entertainment landscape. His latest push comes as Paramount is poised to be acquired by another billionaire's offspring, David Ellison. Bronfman's rich experience in the media industry, alongside his collaborative strategies, puts him in a competitive position, though he faces significant challenges from Ellison's considerable backing.
Source: YAHOO
Reported about 2 months ago
Diamond Sports Group, the largest regional sports network broadcaster, has secured agreements to air games for 13 NBA teams and nine NHL teams through the 2024-2025 season despite undergoing bankruptcy proceedings. CEO David Preschlack expressed appreciation for partnerships with the NBA and NHL, noting that this milestone supports their momentum toward financial recovery. The contracts, however, will exclude the Dallas Mavericks and New Orleans Pelicans, pending approval from a bankruptcy judge.
Source: YAHOO
Reported about 2 months ago
Norfolk Southern and BNSF have successfully negotiated early, tentative five-year contracts with several unions, covering about 30% and 15% of their respective unionized workforces. These agreements promise annual wage increases averaging 3.5%, enhanced vacation time, and improved healthcare benefits, reflecting the increasing bargaining power of labor in the wake of workforce challenges following the COVID pandemic. Union leaders have praised these deals as significant steps forward.
Source: YAHOO
Reported about 2 months ago
Federal Reserve Bank of Atlanta President Raphael Bostic expressed that he does not foresee a recession in the near future, citing strong economic momentum that should maintain growth. Despite some opinions suggesting the Fed may be late in its decision-making, Bostic remains optimistic and believes inflation might reach the Fed's targets by 2025.
Source: YAHOO
Reported about 2 months ago
Recent recession indicators, like the inverted yield curve and the Sahm Rule, have prompted some economists to rethink their validity in the current economic climate, which differs significantly from past downturns. While many are skeptical of a looming recession, citing a range of recovery signs, others argue that these indicators should not be ignored. The ongoing debate reflects the complexity of the post-pandemic recovery and the nuanced perspectives within the economic community on the potential timing and nature of any impending recession.
Source: YAHOO
Reported about 2 months ago
The soaring costs of building AI models are largely attributed to expensive data labeling processes, rather than just the rising price of Nvidia GPUs. As AI companies increasingly require specialized expertise for labeling data across fields like healthcare and law, expenses have skyrocketed, with some startups allocating up to 80% of their budgets on data tasks. The need for expert-level labeling has led to significant financial challenges, prompting some companies to explore synthetic data solutions to mitigate costs.
Source: YAHOO
Reported about 2 months ago
Peloton has announced a controversial new $95 activation fee for customers purchasing used bikes from third parties, following a 2% year-over-year decline in membership. This fee aims to enhance the onboarding experience and potentially serve as additional revenue for the company, despite a reported overall revenue increase in the latest quarter.
Source: YAHOO
Reported about 2 months ago
Grupo Elektra SAB, led by billionaire Ricardo Salinas Pliego, has been removed from Mexico’s main stock index after a lengthy trading halt due to suspicions of fraud. The company's shares stopped trading on July 26 after experiencing a significant drop. This removal adds to Salinas's challenges as he seeks to regain 7.2 million shares used as collateral for a loan amid claims of default on $110 million owed to Astor Asset Management.
Source: YAHOO
Reported about 2 months ago
The housing market may benefit from potential interest rate cuts, as noted by Federal Reserve Chair Jerome Powell. HousingWire analyst Logan Mohtashami explains that reduced rates could enable homebuilders to sell new homes more effectively, while existing homes continue to struggle due to persistent high mortgage rates. A significant drop in rates could revive the existing home sales market.
Source: YAHOO
Reported about 2 months ago
Eli Lilly's Alzheimer's drug, donanemab, is expected to be blocked by the NHS as it is reported that NICE is likely to reject its use, following a similar fate for lecanemab. Both drugs, which have shown effectiveness in slowing disease progression, face scrutiny over their costs and potential side effects. The decision on donanemab has been delayed, with no comments from NHS or NICE.
Source: YAHOO
Reported about 2 months ago
Donald Trump is set to gain the ability to sell over $2 billion in shares from his media company, Truth Social, as the lockup period expires on Sept. 20. This move could significantly impact the stock price, which has faced volatility recently. While the company’s shares have declined approximately 70% since their peak in March, Trump's decision to offload could be motivated by mounting legal costs and campaign funding needs. The market is closely watching how this will affect Trump Media's stock, especially with the political landscape shifting.
Source: YAHOO
Reported about 2 months ago
In a recent interview, Jared Bernstein, Chair of the White House Council of Economic Advisers, shared his optimistic view on the current state of the U.S. economy, highlighting a solid job market and resilient consumer spending. Despite some cooling economic data, Bernstein noted that inflation is on a downward trend and is expected to continue easing for the remainder of the year.
Source: YAHOO
Reported about 2 months ago
Meta Platforms has reported that the same Iranian hacking group responsible for breaching both the Biden and Trump presidential campaigns also attempted to infiltrate the WhatsApp accounts of their staff members. Posing as tech support agents from major companies, the hackers targeted individuals across several countries, including the U.S., the U.K., and the Middle East. While no evidence of successful breaches was found, Meta has taken preventive measures and informed law enforcement about the findings, amidst growing concerns about Iranian cyber activities aimed at interfering with U.S. democracy.
Source: YAHOO
Reported about 2 months ago
OpenAI has hired Irina Kofman, a former executive from Meta Platforms Inc., to lead strategic initiatives focusing on safety and preparedness. Reporting to CTO Mira Murati, Kofman brings five years of experience from Meta where she managed product development for generative AI. This move is part of OpenAI's strategy to enhance its leadership with talents from major tech firms amid competition in the AI sector.
Source: YAHOO
Reported about 2 months ago
IMF's economic counselor Pierre-Olivier Gourinchas stated that the upcoming U.S. Federal Reserve rate cuts align with IMF recommendations aimed at controlling inflation, which he acknowledged is improving. Despite risks shifting towards the labor market and ongoing inflation in service sectors, he emphasized that the job market is cooling and does not signal an imminent recession, supporting the Fed's adjustment of policies as economic conditions evolve.
Source: YAHOO
Reported about 2 months ago
Norfolk Southern, in collaboration with BNSF Railway, has announced tentative, five-year collective bargaining agreements with four labor unions, promising a 3.5% average annual wage increase, enhanced vacation, and improved healthcare benefits. These agreements, pending ratification, will impact around 30% of the union workforce and were reached ahead of the next collective bargaining round.
Source: YAHOO
Reported about 2 months ago
At the recent Jackson Hole Economic Policy Symposium, concerns were raised about potential political influences on Federal Reserve decision-making. Former Cleveland Fed President Loretta Mester asserted that politics do not affect Fed meetings. Similarly, Jon Hilsenrath described the political atmosphere, particularly regarding former President Trump’s criticisms of the Fed, as something not openly discussed in policy meetings. He noted that despite the Fed's aim to remain neutral, political pressures are challenging to ignore, especially as the Fed considers rate cuts driven by economic data.
Source: YAHOO
Reported about 2 months ago
The Federal Reserve plans to cut interest rates in September, following Chair Jerome Powell's announcement at the Jackson Hole Economic Symposium. IMF chief economist Pierre-Olivier Gourinchas discusses the implications, highlighting two scenarios: a positive outcome where the US rate cut supports global currencies, especially in emerging markets, and a negative scenario, where aggressive cuts due to economic slowdown harm those markets. Gourinchas notes that the US economy is performing well, with improving inflation and activity levels.
Source: YAHOO
Reported about 2 months ago
The US Department of Justice has filed a lawsuit against real estate software company RealPage, accusing it of facilitating price-fixing that has contributed to increased rent prices across the nation.
Source: YAHOO
Reported about 2 months ago
A US District Judge ruled that the SEC's lawsuit against cryptocurrency platform Kraken can proceed, accusing it of running an unregistered securities exchange. The judge highlighted that certain cryptocurrency transactions on Kraken may constitute investment contracts subject to securities laws. Kraken's legal team celebrated the decision as affirming that none of its tokens are categorized as securities. This ruling occurs amidst ongoing debates about the classification of digital tokens and the SEC's regulatory authority over cryptocurrency exchanges.
Source: YAHOO