Reported about 1 month ago
Verizon's third quarter results revealed a revenue of $33.33 billion, falling short of the expected $33.45 billion, while adjusted earnings per share slightly exceeded estimates at $1.19. The telecommunications company's performance was impacted by a downturn in smartphone demand, leading to a mixed overall reaction in the market.
Source: YAHOO
Reported about 1 month ago
Kimberly-Clark's stock fell as the company reported lower-than-expected revenue in the third quarter and subsequently downgraded its full-year sales forecast. Market analysts discuss the implications of this revenue miss and its impact on the stock's performance.
Source: YAHOO
Reported about 1 month ago
Nuclear energy stocks are experiencing significant growth following major nuclear power agreements between tech giants Google and Amazon and small modular reactor companies. Notable public companies like Oklo, NuScale Power, and Nano Nuclear Energy have seen their stocks increase dramatically. The rising demand for energy to support AI data centers further boosts power producers like Constellation Energy and Vistra Corp., while uranium prices have also surged, benefiting suppliers like Cameco Corporation and Centrus Energy Corp.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Coca-Cola's Q3 results exceeded expectations with $11.9 billion in revenue, attributed to strategic price increases despite a decline in global unit volume. The company's adjusted earnings were also higher than predicted, highlighting consumer resilience in developed markets. However, challenges persist due to cautious spending patterns, especially in key markets like China and Mexico. The company anticipates a 10% organic revenue growth for the year, focusing on revenue management strategies to address evolving consumer behaviors.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
In an interview with Yahoo Finance, IMF chief economist Pierre-Olivier Gourinchas expressed concerns over elevated global debt levels, exacerbated by pandemic spending and energy crises tied to geopolitical events. He highlighted that high debt makes economies vulnerable to downturns, especially as investors demand higher interest rates and risk premiums. With the U.S. presidential election approaching, Gourinchas warned that fiscal policies could hinder efforts to stabilize inflation and return the economy to potential output.
Source: YAHOO
Reported about 1 month ago
Goldman Sachs has projected a significant slowdown in S&P 500 annualized returns to about 3% over the next decade, attributing it to high market concentration among a few large stocks like Nvidia, Apple, and Microsoft. Despite this cautious outlook, Goldman and other analysts remain optimistic about the long-term potential of U.S. equities, suggesting that corporate profit growth and economic fundamentals could offset potential downturns. Investors are advised to prepare for lower returns compared to the previous decade while maintaining their positions in U.S. stocks.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Wayne Park, CEO of John Hancock Retirement, discusses how inflation and competing financial priorities are severely affecting millennials and Gen Z's readiness for retirement. He notes that younger generations feel overwhelmed by the need to save for various obligations like their own retirement, their children's education, and managing debt, which contrasts sharply with boomers who generally report higher confidence in their financial situations.
Source: YAHOO
Reported about 1 month ago
As artificial intelligence continues to shape market dynamics, the importance of effective AI governance is increasingly recognized. Navrina Singh, CEO of Credo AI, argues that while many developers see governance as a hindrance to innovation, establishing strong regulatory frameworks early on is vital for long-term success. This perspective highlights that compliance not only addresses rising AI risks but also positions companies for sustainable growth in the evolving regulatory landscape.
Source: YAHOO
Reported about 1 month ago
Verizon's shares fell after the company reported third-quarter revenue that missed expectations and projected higher capital spending for 2025. The defense sector showed mixed results, with RTX posting a profit and raising its sales guidance, while Lockheed Martin fell short of revenue estimates. Additionally, Kimberly-Clark reduced its full-year sales forecast after disappointing quarterly results.
Source: YAHOO
Reported about 1 month ago
Lockheed Martin and RTX stocks are under scrutiny as they report mixed earnings results, with Lockheed falling short of revenue expectations and RTX surpassing them. Despite the challenges, Tony Bancroft from Gabelli Funds maintains an optimistic outlook for these defense contractors, citing strong market demand and significant backlogs that suggest solid long-term growth potential.
Source: YAHOO
Reported about 1 month ago
With the 2024 US presidential election approaching, investors are evaluating how a win by Donald Trump or Kamala Harris could influence market dynamics and their portfolios. Host Alexandra Canal discusses the potential effects on various sectors that have shown resilience in 2024, while comparing their historical performances under different presidential administrations.
Source: YAHOO
Reported about 1 month ago
As the Federal Reserve approaches its next meeting, investors are keen on the direction of monetary policy. Bryant VanCronkhite from Allspring Global Investments advises the Fed to pause and gather more data rather than rush into another cut, citing significant challenges including labor market dynamics and supply-side issues impacting inflation. He warns of the implications if the Fed's credibility falters.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Tesla is set to release its Q3 earnings results on October 23, marking it as the first among the Magnificent Seven to do so. The company's challenges, particularly in European and Chinese markets where discounts on EV models have been significant, may adversely affect its performance this quarter, with analysts discussing the broader implications of these global EV trends.
Source: YAHOO
Reported about 1 month ago
IMF chief economist Pierre-Olivier Gourinchas emphasizes the need for a 'triple pivot' in the global economy post-inflation. This includes cutting interest rates, rebuilding fiscal buffers due to high debt levels, and boosting economic growth, particularly in countries like China and Europe where productivity is lagging. Despite a resilient economy returning to central bank inflation targets, Gourinchas advocates for innovation investments to foster improvement.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
The IRS has announced increased standard deductions for U.S. taxpayers in 2025, with single taxpayers receiving $15,000, married couples filing jointly getting $30,000, and heads of households at $22,500. These adjustments, aimed at shielding more income from taxation, also include upward revisions to income thresholds across all federal tax brackets, while the top tax rate remains at 37% for incomes exceeding $626,350. Despite these increases, they are smaller compared to previous years' adjustments.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
With mortgage rates dropping to 6.44%, there is a surge in the housing market and home improvement industry. A Harvard University report estimates that annual spending on home renovations will hit $477 billion by next year. In this context, Yahoo Finance's Rachelle Akuffo discusses budget-friendly strategies and loan options for homeowners looking to enhance their properties economically.
Source: YAHOO