Reported about 2 months ago
In a discussion following the first night of the Democratic National Convention, economist Joe Brusuelas analyzed Vice President Harris's economic proposals. He described them as 'the left's version of economic populism,' calling for caution in expectations. He criticized concepts like rent control while endorsing the idea of building 3 million new homes with tax incentives. Brusuelas emphasized the urgent fiscal challenges ahead, particularly the upcoming expiration of the 2017 Tax Cuts and Jobs Act, which could significantly impact economic policy.
Source: YAHOO
Reported about 2 months ago
The conventional investment strategy advocates for a 60/40 portfolio split between stocks and bonds, but experts argue that younger investors, especially millennials and Gen Z, may not need bonds at this stage in their lives. With decades ahead to invest, their focus should be on leveraging stock market growth instead of seeking stability through bonds, which have shown diminishing diversification benefits and have been negatively affected by rising interest rates and inflation.
Source: YAHOO
Reported about 2 months ago
Gold prices have reached a record high of over $2,500 per ounce as investors flock to the precious metal, anticipating an interest rate cut from the Federal Reserve in September. The rising demand for gold as a safe haven and the increased inflows into gold ETFs are significant factors contributing to this price surge.
Source: YAHOO
Reported about 2 months ago
The S&P 500 has achieved eight consecutive days of gains, exceeding JPMorgan's year-end target of 5,600. As optimism grows over the economy and potential Federal Reserve interest rate cuts, the market's future direction hinges on upcoming catalysts, notably the September employment report, which is expected to influence Fed decisions.
Source: YAHOO
Reported about 2 months ago
Netflix's stock price skyrocketed to a new record above $700 following a remarkable 150% increase in ad sales compared to the previous year. Analysts discuss the company's strategies that contributed to this growth, such as introducing ad-tier subscriptions and tackling password sharing reform.
Source: YAHOO
Reported about 2 months ago
In a recent episode of Stocks In Translation, Yahoo Finance's Jared Blikre discusses the rising investor frustration with Big Tech's high capital expenditures and the slow returns on AI investments. Joined by investment adviser Trent Smalley, they explore hedging strategies to minimize risk during market fluctuations, particularly addressing the recent yen carry trade unwinding. The team also shares tailored investment strategies for younger investors and examines the timeless relevance of certain sectors like technology and healthcare.
Source: YAHOO
Reported about 2 months ago
During the Democratic National Convention, Vice President Kamala Harris unveiled her housing policies aimed at addressing the housing shortage, focusing on expanding housing supply and providing tax credits for first-time homebuyers lacking sufficient down payments. Experts estimate that her housing supply expansion could cost around $100 billion, while the tax credit for first-time buyers might amount to tens of billions. This initiative aligns with the Biden administration's strategy to collaborate with the private sector to build more homes.
Source: YAHOO
Reported about 2 months ago
Equity markets are experiencing a rebound after a shaky start to August, propelled by gains in the Magnificent Seven tech stocks and small-cap stocks. Yahoo Finance reporter Jared Blikre discusses the underlying factors driving these market improvements and examines the broader narrative of market rotation trends.
Source: YAHOO
Reported about 2 months ago
The grocery sector is opposing Vice President Kamala Harris's proposed economic policy designed to reduce grocery prices, with the National Grocers Association criticizing it as unnecessary. Additionally, Kroger is set to sue the FTC over its merger freeze with Albertsons, while authors are suing AI firm Anthropic for copyright infringement regarding its chatbot's training materials.
Source: YAHOO
Reported about 2 months ago
Alphabet's Waymo has doubled its weekly paid rides to 100,000 in just over three months, thanks to the expansion of its service areas and a significant investment from Alphabet. The company is currently the only U.S. firm operating paid, uncrewed robotaxis and recently opened its service to all users in San Francisco while extending coverage to areas in metro Phoenix and parts of Los Angeles.
Source: YAHOO
Reported about 2 months ago
In a recent discussion, portfolio manager Dan Niles highlighted Meta as the leading tech company effectively utilizing its AI investment, noting that they exceeded revenue and earnings expectations and raised future AI spending guidance. In comparison, Microsoft reported disappointing growth in its Azure business, affecting its forward outlook.
Source: YAHOO
Reported about 2 months ago
A recent study shows that Eli Lilly's weight-loss drug tirzepatide, known as Mounjaro and Zepbound, can cut the long-term risk of developing Type 2 diabetes by an impressive 94%, leading to a rise in the company's stock value.
Source: YAHOO
Reported about 2 months ago
Nvidia's upcoming Q2 earnings report on August 28 comes amidst a recovery phase for the tech sector, which has experienced significant sell-offs in August. Dan Niles, founder of Niles Investment Management, shares insights on potential challenges for Nvidia in this earnings season while maintaining a long-term bullish outlook. Despite concerns about AI spending and revenue generation, investors are keenly watching Nvidia as it could trigger another rally in tech stocks.
Source: YAHOO
Reported about 2 months ago
Netflix's stock soared to an intraday record high of $711 on August 20, 2024, driven by a significant increase in upfront ad sales, which surged over 150% compared to the previous year. The company is capitalizing on upcoming major releases like 'Happy Gilmore 2' and live sports events, including NFL games and WWE Raw. Analysts predict potential price hikes for subscription plans, enhancing Netflix's revenue prospects as it continues to expand its ad-supported offerings.
Source: YAHOO
Reported about 2 months ago
In a recent interview, Donald Trump downplayed his previous comments on wanting a say in setting interest rates, asserting it is acceptable for presidents to express their opinions without requiring the Federal Reserve to heed them. This statement arises amidst ongoing discussions about the Fed's independence, with some officials indicating a potential interest rate cut on the horizon. Trump's remarks have sparked criticism and raised concerns about political interference in monetary policy, especially as the upcoming presidential election approaches.
Source: YAHOO
Reported about 2 months ago
Investor fears regarding a recession have diminished due to positive economic data and robust earnings reports, suggesting an improving economy. Yahoo Finance's Josh Schafer explores Wall Street's outlook on the recession risks.
Source: YAHOO
Reported about 2 months ago
XPeng Motors reported larger-than-expected losses and missed revenue estimates for the second quarter, leading to a decline in its stock price. Additionally, the EU has announced a reduction in proposed tariffs on XPeng and other electric vehicle manufacturers importing from China.
Source: YAHOO
Reported about 2 months ago
The U.S. Transportation Department announced that it is reviewing the merger between Alaska Airlines and Hawaiian Airlines after the deal received a crucial approval from the Justice Department. The $1.9 billion acquisition aims to combine both airlines, enhancing travel options for Hawaiian residents. Following the Justice Department's approval, shares of Hawaiian Airlines surged over 11%. Alaska Airlines, the fifth largest domestic carrier, has extended the review process for the acquisition, which has also seen recent legal challenges. This milestone signifies a step closer to finalizing the merger.
Source: YAHOO
Reported about 2 months ago
Johnson & Johnson has completed its $1.7 billion acquisition of V-Wave, including a $600 million upfront payment. Amer Sports saw a stock surge following impressive quarterly results thanks to strong demand for its Arc'teryx brand. Meanwhile, Alaska Airlines and Hawaiian Airlines are progressing with their merger after receiving the green light from the DOJ, seeking further approval from the Department of Transportation.
Source: YAHOO
Reported about 2 months ago
Apple's AI initiative, termed 'Apple Intelligence', is driving significant advancements but comes with inherent risks as it navigates the competitive tech landscape. MoffettNathanson rates Apple as Neutral with a price target of $211, cautioning that capitalizing on new hardware and subscription services simultaneously is challenging. Analysts also point to external pressures, such as Google's antitrust issues, that may impact Apple's performance moving forward.
Source: YAHOO
Reported about 2 months ago
As Nvidia prepares to release its Q2 earnings on August 28th, investors are keenly awaiting updates on demand trends and the introduction of its new product, Blackwell. Portfolio Manager Tony Wang emphasizes the significance of product innovation for Nvidia's performance and future market demand. Additionally, he discusses the broader tech industry's engagement in AI and the evolving returns from these developments.
Source: YAHOO
Reported about 2 months ago
Insigneo's Chief Investment Officer Ahmed Riesgo warns that ongoing weaknesses in the labor market may drive U.S. unemployment to 6%, citing a drop in labor demand coupled with an increase in labor supply. While consumer job stability currently supports spending, a rise in unemployment could destabilize consumer confidence. He advises investors to focus on sectors such as utilities and healthcare as potential safe havens in this uncertain economic climate.
Source: YAHOO
Reported about 2 months ago
In a recent interview, former President Trump expressed admiration for Tesla CEO Elon Musk and hinted at potentially involving him in a future administration. However, he also indicated that he might eliminate the $7,500 tax credit currently offered to electric vehicle buyers, including those purchasing Teslas.
Source: YAHOO
Reported about 2 months ago
Palo Alto Networks (PANW) experienced a significant rise in both pre-market and regular trading hours following the release of its fiscal fourth-quarter earnings, which exceeded analyst expectations. The cybersecurity firm reported $2.2 billion in revenue, surpassing the anticipated $2.16 billion, alongside adjusted earnings of $1.51 per share, beating the expected $1.41 per share. The company's earnings breakdown and strategies for future revenue growth were discussed by analysts Seana Smith and Brad Smith.
Source: YAHOO
Reported about 2 months ago
Disney has reversed its request to dismiss a wrongful death lawsuit linked to an allergic reaction experienced by a doctor after dining at a restaurant in Disney Springs. The company had previously argued that the victim's family could not sue because they had signed up for Disney+, which included arbitration clauses. However, Disney's theme park division leader stated that the company would allow the lawsuit to proceed in court, emphasizing their commitment to handle the situation with sensitivity due to the family's tragic loss.
Source: YAHOO