Reported 5 days ago
Goldman Sachs has raised its price target for gold, indicating that prices are likely to continue climbing. Yahoo Finance's Julie Hyman discusses this trend with Josh Lipton, highlighting the implications for investors in the precious metal.
Source: YAHOO
Reported 5 days ago
Nike's Q1 earnings exceeded expectations with $0.70 per share, surpassing the $0.52 estimate, while revenue slightly missed at $11.59 billion versus an expected $11.65 billion. Notably, Greater China's sales outperformed estimates. The company announced it will delay its investor day and confirm a leadership transition with Elliott Hill succeeding John Donahoe on October 14. Analyst David Swartz highlighted concerns over product innovation and performance in Europe and North America.
Source: YAHOO
Reported 5 days ago
Nike's stock fell approximately 5% after the company reported its fiscal first quarter earnings, which included a revenue miss of $11.59 billion, below analyst expectations. The company also withdrew its financial guidance due to declining sales in both its direct-to-consumer and wholesale divisions amidst a CEO change. New CEO Elliott Hill will take over on October 14, and analysts suggest that a turnaround in Nike's performance may take time, with revenue expected to decline further in the upcoming quarter.
Source: YAHOO
Reported 5 days ago
Microsoft has launched a new AI update for Windows PCs designed to enhance the functionality of its Copilot feature. The update introduces advanced conversational capabilities aimed at improving user interaction with the AI assistant. Detailed insights about this integration and its features are discussed in a recent interview with Microsoft's Yusuf Mehdi.
Source: YAHOO
Reported 5 days ago
Following a large-scale missile attack by Iran on Israel, oil prices experienced only a minor increase of 2.5%. Despite fears of a broader conflict disrupting oil supplies, the prevailing market belief suggests that oil will continue to flow from the region. Given the interconnected interests of various nations, including the US and China, there is a strong likelihood that parties involved will avoid actions that could lead to significant oil price spikes.
Source: YAHOO
Reported 5 days ago
The US stock market is experiencing its best start to a year since 1997, with the S&P 500 up 20.8% in 2024, driven by strong consumer spending and optimism over the economy's soft landing. Despite concerns from geopolitical tensions and supply chain issues, investor sentiment remains high, reflecting significant improvements in market dynamics since earlier recession fears. The CNN Fear & Greed Index indicates a shift from 'extreme fear' to 'extreme greed' as markets continue to reach record highs.
Source: YAHOO
Reported 5 days ago
On the first trading day of the fourth quarter, U.S. stocks recorded losses, with all three major indexes—the Dow Jones, S&P 500, and NASDAQ—trending downwards during intraday trading. Yahoo Finance's Jared Blikre discusses the market's performance and what investors should be aware of.
Source: YAHOO
Reported 5 days ago
As the Nasdaq faces significant declines, investors consider if buying on the dip is wise. Jason Browne from Alexis Investment Partners suggests viewing the volatility as a chance to enhance portfolios, particularly in technology stocks with robust earnings. He emphasizes using ETFs like iShares Global 100 and Vanguard Growth to gain exposure to tech alongside other sectors. Browne notes that while he has reduced direct growth investments recently, he continues to buy during market pullbacks, focusing on leading tech companies such as Apple, Google, and Nvidia.
Source: YAHOO
Reported 5 days ago
Following an Iranian strike on Israel, U.S. stock markets faced a significant drop, prompting discussions about market uncertainties. Horizon Investments' Scott Ladner emphasized the difficulty of making meaningful adjustments to investment portfolios amid such rapid developments. While expressing caution, he noted that positioning in Chinese markets might present opportunities due to recent economic stimulus efforts and improved sentiments from the Chinese leadership, though he remains skeptical about the effectiveness of these measures.
Source: YAHOO
Reported 5 days ago
Yahoo Finance marks the 50th anniversary of the Equal Credit Opportunity Act, which allowed women to independently obtain credit, significantly enhancing their financial independence. Experts highlight the importance of financial tools and services access in achieving economic empowerment. Recent studies indicate that timely access to credit and debit cards plays a crucial role in long-term financial health. Despite progress, challenges remain, particularly regarding the pay gap, which ultimately contributes to a wealth gap.
Source: YAHOO
Reported 5 days ago
As dockworkers strike along the East and Gulf Coasts, analysts discuss the auto industry's preparedness for possible disruptions. While short-term inventory levels remain healthy, European automakers may face supply chain challenges due to their reliance on East Coast shipments. Long-term effects could include increased pressure on parts and vehicle imports, but current inventory levels at dealerships provide a buffer against immediate impacts.
Source: YAHOO
Reported 5 days ago
Samsung Electronics is preparing to lay off thousands of employees in Southeast Asia, Australia, and New Zealand, affecting almost 10% of its workforce in these regions. The job cuts, part of a global reduction strategy, come as the tech giant faces challenges in the AI sector, lagging behind competitors in memory chip production. Although the company's total overseas staff stands at approximately 147,000, Samsung aims to minimize the impact on manufacturing positions while focusing on reducing management and support roles.
Source: YAHOO
Reported 5 days ago
HP Inc. (HPQ) faced a downgrade from Citigroup, moving from a Buy to a Neutral rating due to limited growth potential ahead, compounded by challenges in the printing sector and ongoing weakness in the Chinese market. Citigroup has set a price target of $37 per share for HP.
Source: YAHOO
Reported 5 days ago
Nike's stock fell approximately 5% after reporting fiscal first quarter revenue of $11.59 billion, which fell short of Wall Street's expectations of $11.65 billion, marking a 10% decline year-over-year. The company also withdrew its annual outlook as it transitions to a new CEO, Elliott Hill, following declining sales in both direct-to-consumer and wholesale segments. Analysts express concerns about Nike's competitive standing in the sportswear market amidst weakened consumer demand and product innovation challenges.
Source: YAHOO
Reported 5 days ago
Boeing is reportedly exploring a $10 billion stock sale to raise funds as the company faces significant challenges, including an ongoing worker strike. However, the equity is not expected to be raised for at least a month.
Source: YAHOO
Reported 5 days ago
Despite facing sharp sell-offs due to escalating tensions in the Middle East, market strategist Sam Stovall believes that markets want to recover and head higher. He emphasizes the importance of looking at the duration of these tensions and warns that intensified conflict could push oil prices above $85 per barrel. Stovall also indicates that historically, markets tend to gain after elections during September and October's volatility.
Source: YAHOO
Reported 5 days ago
On October 1, 2024, all three major U.S. stock indexes closed lower due to increasing tensions in the Middle East, particularly following a missile attack from Iran. This unrest caused a spike in oil prices as investors reacted to the geopolitical risks.
Source: YAHOO
Reported 5 days ago
California has passed a law aimed at reducing confusion over food expiration labels, which often mislead consumers. Effective July 2026, the law will replace vague terms like 'sell by' and 'best before' with clearer labels: 'Best if Used By' for peak quality and 'Use By' for safety. This initiative seeks to cut down on food waste and misinformation, as nearly 20% of food waste stems from unclear labeling practices.
Source: YAHOO
Reported 5 days ago
With the U.S. presidential election approaching, Coinbase's VP Shan Aggarwal expressed hope for improved cryptocurrency regulations during the Messari Mainnet conference. Highlighting the challenges faced under the current SEC, he emphasized the industry's anticipation for more supportive legislation post-election. The conference also introduced Messari Copilot, an AI assistant aimed at enhancing insights within the crypto sector.
Source: YAHOO
Reported 5 days ago
Source: SURVEYMONKEY
Reported 5 days ago
In 2024, Vistra Corp. has emerged as the best-performing stock in the S&P 500, with a staggering 216% gain driven by increasing demand for clean energy, particularly in supporting AI-driven data centers. The company's strategic acquisition of four nuclear power plants has positioned it uniquely in unregulated markets, allowing it to capitalize on the growing power needs of its clients. This growth surpasses that of well-known players like Nvidia, which has increased by 138% this year, highlighting Vistra’s significant role in the clean energy sector.
Source: YAHOO
Reported 5 days ago
Boeing is reportedly exploring a $10 billion stock sale to enhance its revenue while facing ongoing challenges, including a machinists' strike and significant financial losses attributed to mechanical issues and legal settlements. The company has seen its stock drop over 40% this year and may delay the stock sale until the strike is resolved and it can better assess financial implications.
Source: YAHOO
Reported 5 days ago
Over 45,000 dockworkers from the International Longshoremen's Association (ILA) are on strike at various ports on the East and Gulf Coasts, marking the first significant work stoppage in over 50 years. ILA's International Vice President, Herbert Hall, emphasizes the aim to negotiate fairly, expressing the belief that both sides are not far apart. The strike continues until the workers' demands are met.
Source: YAHOO
Reported 5 days ago
Tensions between Israel and Iran are escalating as Iran fired around 200 ballistic missiles at Israel, marking a significant shift in their ongoing conflict. Carmiel Arbit from the Atlantic Council explains that this situation represents a 'war of attrition' rather than traditional warfare, with potential targeted attacks from Israel on Iranian nuclear facilities being a critical concern. The conflict's complexity suggests that both nations may engage in cyber warfare and strategic strikes rather than outright missile exchanges.
Source: YAHOO