Reported about 1 month ago
As the campaign winds down, Kamala Harris asserts her identity as a 'capitalist' to appeal to business leaders and moderate Republicans, aiming to counter Donald Trump’s portrayal of her as a socialist. Her message, supported by notable figures like Mark Cuban, focuses on her commitment to fostering small businesses and economic growth, while also highlighting concerns about Trump's policies that may threaten the business community. With a strategic push to attract undecided voters, Harris is emphasizing her pragmatic approach and bolstering support in battleground states.
Source: YAHOO
Reported about 1 month ago
Nvidia CEO Jensen Huang announced that the design flaw in the company's Blackwell AI chips has been addressed. Despite a previously reported sellout for the chips over the next year due to high demand, Huang provided insights into the state of AI investments, as detailed in a discussion with hosts Seana Smith and Madison Mills.
Source: YAHOO
Reported about 1 month ago
Taiwan Semiconductor Manufacturing Company (TSMC) has refuted allegations of being under investigation by the US regarding its past dealings with Huawei. TSMC asserts that it has adhered to US export laws and halted chip supply to Huawei in September 2020, following the implementation of a ban that restricts the use of American semiconductor technology in Huawei products.
Source: YAHOO
Reported about 1 month ago
Coca-Cola's stock is under scrutiny following the company's recent third-quarter earnings report. Analysts discuss how the ongoing E. coli outbreak linked to McDonald's could affect Coca-Cola, given the fast-food chain's declining stock as a result of the crisis.
Source: YAHOO
Reported about 1 month ago
As Tesla prepares to announce its earnings, analysts are assessing its performance, noting that the stock has been buoyed by expectations rather than solid results. With Tesla underperforming among major tech stocks in 2024, some experts suggest it should not be classified among the top tech companies like Netflix or Eli Lilly. Chief Global Strategist Jay Woods states the upcoming earnings report could sway the stock's movement, indicating a volatile reaction is likely, but he personally abstains from holding Tesla stock.
Source: YAHOO
Reported about 1 month ago
Boeing reported a staggering $6.17 billion loss in Q3, its largest since 2020, as new CEO Kelly Ortberg emphasizes the need for cultural change and improved execution. With ongoing labor disputes and a potential new contract for striking workers, analysts believe Ortberg is communicating effectively with investors, indicating a hopeful yet challenging path to stabilize the company.
Source: YAHOO
Reported about 1 month ago
Frontier Airlines and Spirit Airlines are reportedly restarting merger talks, according to a Wall Street Journal report. This development comes as Spirit faces potential bankruptcy and has a history of unsuccessful mergers, including a $3.8 billion deal with JetBlue Airways that fell through due to regulatory issues.
Source: YAHOO
Reported about 1 month ago
At 68, Alisa Wolfson is preparing for retirement but is concerned about her underfunded pensions and limited savings of $55K. Experts recommend maximizing her contributions to the Thrift Savings Plan (TSP) for its tax benefits and low fees, while cautioning against high-risk investments despite her desire for better returns. They suggest considering extending her work period to save more, reassuring her that accepting some risk is essential for achieving growth in her retirement portfolio.
Source: YAHOO
Reported about 1 month ago
Tesla (TSLA) is set to release its third-quarter earnings today, becoming the first of the Magnificent Seven tech companies to do so this earnings season. Analysts expect Tesla to report declining profits, a rarity among this group. Investor anticipation is high, particularly regarding CEO Elon Musk's insights on the company's plans to provide a more affordable electric vehicle priced under $30,000.
Source: YAHOO
Reported about 1 month ago
At age 62, an individual with $1.6 million in an IRA and a monthly Social Security benefit of $2,800 can estimate a comfortable retirement budget of approximately $97,600 per year. This estimate includes a standard withdrawal of 4% from the IRA, translating to an annual withdrawal of $64,000, combined with Social Security, providing sufficient funds to cover estimated expenses. Various factors like lifestyle choices, health care costs, and the potential for needing higher income or lower expenses can impact the retirement budget. Consulting a financial advisor is recommended for personalized guidance.
Source: YAHOO
Reported about 1 month ago
Tesla is set to release its quarterly earnings soon, with a focus on overseas sales amid global EV trends. Boeing reported a significant $6 billion quarterly loss while union workers prepare to vote on a contract proposal. Additionally, an E. coli outbreak linked to McDonald's Quarter Pounders has caused illnesses in multiple states and one death, connected to contaminated onions used in their patties.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
The stock market saw a decline on Wednesday, impacted by rising Treasury yields and uncertainty over interest rate cuts, as the Dow industrials fell over 400 points. The Nasdaq plummeted by approximately 1.6%, led by losses in major tech stocks ahead of Tesla's earnings report. Despite reporting stronger-than-expected earnings, Tesla's stock bounce came after a general downturn in tech, while Boeing faced a significant quarterly loss amidst union negotiations.
Source: YAHOO
Reported about 1 month ago
General Dynamics announced a more than 10% increase in third-quarter revenue, primarily driven by its defense sector, with total revenue reaching nearly $11.67 billion. However, profits were affected by a decrease in business jet deliveries, attributed to delays in engine availability. The aerospace segment saw a 22.1% revenue increase, but profit margins dropped slightly compared to last year. The company also revised its earnings outlook for 2024 and highlighted challenges in submarine component deliveries despite significant contract awards from the Pentagon.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Boeing announced a staggering net loss of $6.17 billion for the third quarter of 2024, contributing to nearly $8 billion in total losses this year. The results come before a crucial labor vote by its largest union, which represents 30,000 workers, as the company grapples with reduced commercial airplane deliveries and financial pressures. Boeing’s CFO projected further cash burn in the fourth quarter and announced plans for layoffs affecting 10% of its workforce. The situation, compounded by a significant strike's economic impact, poses serious challenges for Boeing’s recovery.
Source: YAHOO
Reported about 1 month ago
DJT stock rose over 4% on Wednesday, reaching its highest level since July as investors bet on Donald Trump's chances of winning the upcoming election. This surge follows a nearly 10% increase the day before and is mirrored by other Trump-related stocks, despite a competitive race against Kamala Harris. The stock's resurgence occurs after stabilizing from lows following the expiration of a lockup period, even as recent earnings reports show financial challenges for Trump Media.
Source: YAHOO
Reported about 1 month ago
In an engaging discussion, Yahoo Finance's Brian Sozzi interviews former AT&T Business CEO Anne Chow to explore the evolving landscape of leadership, influenced by rapid information flow, social media dynamics, and global business challenges. The conversation touches on the implications for current business leaders, the upcoming presidential election, and a fresh perspective on retirement.
Source: YAHOO
Reported about 1 month ago
Coca-Cola is optimistic about achieving the upper end of its organic sales forecast for 2024, driven by increased demand for its premium sodas and juices in the U.S., which led to unexpected third-quarter sales growth. However, the company's shares fell 2% as CEO James Quincey noted volume declines in China and the Middle East due to economic challenges. North American revenue surged by 12%, boosted by new slim can offerings. Despite struggles in some regions, Coca-Cola's net revenue increased slightly to $11.95 billion, surpassing analyst expectations.
Source: YAHOO
Reported about 1 month ago
Brazilian President Lula da Silva emphasized the urgent need for BRICS nations to develop alternative payment methods during a video conference at the BRICS summit. He argued that this move is necessary to reflect a multipolar order in the global financial system and aims to provide a counter to the failing Bretton Woods institutions. Lula also reiterated the bloc's significance in global economic growth and called for immediate peace talks regarding ongoing conflicts.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Coca-Cola announced a 1% drop in third-quarter revenue to $11.9 billion, although this surpassed analysts' expectations. Despite a decline in sales volumes across many markets, the company expects a 10% rise in full-year organic revenue. Coca-Cola has faced challenges from rising prices, which were increased by 10% due to inflationary pressures, affecting demand for some products. CEO James Quincey mentioned the company's focus on affordability and anticipates a return to growth in volume, while acknowledging ongoing inflationary costs.
Source: YAHOO
Reported about 1 month ago
A Polish radio station, OFF Radio Krakow, has sparked controversy by replacing its journalists with AI-generated 'presenters' in an attempt to attract younger listeners. The move has drawn criticisms from former staff, such as journalist Mateusz Demski, who argues this sets a dangerous precedent for the media industry. Despite the station claiming the change was due to low listenership, many, including government officials, are calling for regulations on AI's role in the workforce.
Source: YAHOO
Reported about 1 month ago
Ahead of its first quarter earnings report, analysts have updated their ratings and price targets for Microsoft, whose stock has underperformed recently, rising only 5% since late April compared to an 18.3% rise in the Nasdaq. Despite strong Azure revenue growth, Microsoft's performance has been hindered by underwhelming results and increasing capital expenditures. Analysts project earnings of $3.06 per share and revenues of $64.5 billion for the quarter, with expectations for improved performance in the second half of the fiscal year.
Source: YAHOO