Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
Stocks experienced a decline after a lengthy rally, with traders anticipating essential earnings reports from major companies like Tesla, Boeing, and UPS. The S&P 500 pulled back by 0.2% and the Dow Jones fell by 0.8%, influenced by profit-taking amid concerns over high valuations and potential volatility ahead of the upcoming US elections. Despite the downturn, analysts believe the overall market may still have room for growth, especially during the typically strong earnings season.
Source: YAHOO
Reported about 1 month ago
Tesla has quietly transferred approximately $765 million worth of Bitcoin to unidentified wallets, leading to speculation about the company’s future plans for its cryptocurrency holdings. This move comes as Musk's strategies involving Bitcoin face scrutiny, especially after past controversies surrounding sales and the shift in Tesla's acceptance of cryptocurrency for payments. As the market awaits comments from the company, the new accounting standards set to take effect could further influence Tesla's approach to its Bitcoin assets.
Source: YAHOO
Reported about 1 month ago
If you've inherited a pre-tax retirement account, be aware of significant tax changes coming next year. Estate planning strategist Jerry Doyle discusses the new rules surrounding required minimum distributions (RMDs) for IRAs, particularly after the Secure Act of 2019, which limits who can take distributions based on life expectancy to specific individuals. Most beneficiaries will now be required to withdraw the entire balance over a ten-year period. Understanding these changes is crucial to avoiding hefty tax bills.
Source: YAHOO
Reported about 1 month ago
Amazon is making a significant investment in Small Modular Reactors (SMRs) through X-energy, as revealed by CEO Clay Sell. This move aims to lower energy costs to support AI technology demands. With a recent funding round generating $500 million, the initiative will design and build a new SMR plant in Texas. Sell emphasizes that Amazon’s commitment could transform energy landscapes in the US, enabling greater energy supply for AI and decarbonizing industrial operations.
Source: YAHOO
Reported about 1 month ago
Rupert Murdoch's companies, Dow Jones and the New York Post, have filed a lawsuit against the AI startup Perplexity, accusing it of illegally copying a significant amount of their copyrighted materials to fuel its search tools. The lawsuit claims that Perplexity's use of these works without permission or compensation undermines the value created by journalists and publishers. The suit seeks to prevent Perplexity from utilizing their content and demands the destruction of databases containing the infringed works.
Source: YAHOO
Reported about 1 month ago
In a recent podcast, CNN's Van Jones discussed the transformative potential of artificial intelligence, likening it to a 'jetpack' that can enhance individual capabilities and provide an unfair advantage. He emphasized the importance of using AI as a tool to empower marginalized communities, especially through initiatives like his Dream Machine Innovation Lab, which teaches young students of color how to leverage AI for innovation. Jones believes that with the right tools and knowledge, this generation can disrupt industries and close socioeconomic gaps.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Changing jobs can lead to higher earnings but may also result in a decline in retirement savings. Fiona Greig from Vanguard shares three key strategies to keep retirement goals on track: actively enroll in your employer's retirement plan, maintain previous savings momentum, and utilize the employer match. These steps can help prevent a significant decrease in retirement wealth.
Source: YAHOO
Reported about 1 month ago
Brian Mulberry, a portfolio manager at Zacks Investment Management, shares his preference for value stocks during a discussion on Yahoo Finance. He highlights that while the S&P 500 trades at a high valuation, the 'Magnificent Seven' stocks are even pricier, suggesting that sectors like utilities offer more favorable valuations with sustainable earnings growth. Mulberry believes that shifting focus to traditional value sectors, such as banking, could provide better investment opportunities in the current market environment.
Source: YAHOO
Reported about 1 month ago
Cboe Global Markets' head of product innovation, Rob Hocking, discusses how the upcoming 2024 election is contributing to market volatility, highlighting investor concerns over geopolitical tensions and potential delays in election results. Insights from Cboe's Risk Management Conference indicate that markets are pricing in significant uncertainty ahead of the election, with implications of a contested outcome affecting options pricing. Despite the current volatility, Hocking suggests that the market may stabilize and adjust to subsequent information post-election.
Source: YAHOO
Reported about 1 month ago
Boeing, struggling to return to profitability since 2018 and having lost around $25 billion, is taking significant steps to raise funds by selling off parts of its business. Recently, the company completed the sale of its small defense subsidiary, Digital Receiver Technology, to Thales Defense & Security and plans to implement job cuts and delay new aircraft launches. These moves come amid ongoing production challenges due to strikes and aim to stabilize Boeing's financial situation over the next three years.
Source: YAHOO
Reported about 1 month ago
Kenvue Inc., the recently spun-off consumer-products company from Johnson & Johnson, saw its shares rise significantly after activist investor Starboard Value acquired a substantial stake. As Kenvue faces challenges with underperforming sales and market share, particularly in its skin health and beauty segment, Starboard aims to push for changes to enhance the company's stock performance, amid an ongoing weak consumer sentiment.
Source: YAHOO
Reported about 1 month ago
The Biden administration will provide up to $325 million to Hemlock Semiconductor to establish a new factory in Michigan, creating 180 manufacturing jobs and associated construction work. This initiative is part of the CHIPS and Science Act, aimed at revitalizing the U.S. semiconductor industry, with the factory expected to produce polysilicon used in electronics and solar technologies, beginning production in 2028.
Source: YAHOO
Reported about 1 month ago
Citi's aerospace and defense analyst Jason Gursky discusses expectations for the defense industry earnings reports, particularly focusing on Boeing, which is preparing for negotiations with union leaders. He anticipates that companies will share their outlooks for 2025, highlighting a shift from margin pressures to potential revenue growth and expanding margins. Gursky emphasizes the importance of improving labor productivity to enhance production rates in the defense sector.
Source: YAHOO
Reported about 1 month ago
In a discussion on Yahoo Finance, Van Jones emphasizes the transformative potential of AI, viewing it as a tool for equality rather than a threat to jobs. He highlights that both Black and white communities lack understanding of AI, presenting a unique opportunity to disrupt existing inequalities. By leveraging AI, Jones aims to create new opportunities for underrepresented groups, fostering innovation and social change.
Source: YAHOO
Reported about 1 month ago
As Tesla prepares to report its third-quarter earnings, investors are concerned about the lack of specifics regarding the company's anticipated affordable electric vehicle, projected at around $30,000. Greg Migliore points out that there are conflicting messages about the vehicle's development timeline and platform, leading to frustration among investors and consumers alike. The ambiguity surrounding Tesla's new product line comes at a time when the market is also considering other factors, including CEO Elon Musk's public engagements.
Source: YAHOO
Reported about 1 month ago
Ahead of the US presidential election, Bitcoin prices are fluctuating around the $70,000 mark, influenced by growing optimism among crypto investors regarding a potential Trump victory. Axios Crypto reporter Brady Dale highlights that over $2 billion flowed into Bitcoin exchange-traded funds recently, as market predictions lean toward Trump winning. Although sentiments are mixed about the upcoming election, many in the crypto industry expect a Trump win would likely bring changes to the SEC's leadership, promoting a more favorable environment for cryptocurrency.
Source: YAHOO
Reported about 1 month ago
As the US presidential election approaches, housing affordability has become a key concern for voters. Yahoo Finance's Josh Lipton analyzes the differing policy proposals of Vice President Kamala Harris and former President Donald Trump aimed at addressing this pressing issue.
Source: YAHOO
Reported about 1 month ago
In a recent discussion, Piper Sandler's chief investment strategist Michael Kantrowitz suggested that fears surrounding high market valuations may be overstated. He identifies potential risks such as rising interest rates, increased inflation, or higher unemployment as possible catalysts for declining valuations but notes that these scenarios seem unlikely as the earnings season approaches. Kantrowitz attributes market gains this year largely to positive earnings forecasts and multiple expansions, advising investors to remain calm unless significant economic deterioration occurs.
Source: YAHOO
Reported about 1 month ago
Union Pacific (UNP) stands out as a promising dividend stock, offering a yield of 2.2% compared to industry and S&P averages of 1.37% and 1.51%, respectively. The company has demonstrated consistent annual dividend growth, recently increasing its payout by 3.1% to $5.36, with a relatively low payout ratio of 49%. With projected earnings growth of nearly 6% for 2024, Union Pacific presents an attractive option for income-focused investors despite recent stock price fluctuations.
Source: YAHOO
Reported about 1 month ago
A Roth IRA can be utilized to fund college expenses as it allows penalty-free withdrawals of contributions and potentially earnings for qualified education costs; however, families should weigh its pros and cons, especially the impact on retirement savings and financial aid eligibility. Additionally, starting in 2024, families may convert unused 529 plan funds to a Roth IRA, providing further options for education savings. Considering both Roth IRAs and 529 plans can help determine the best fit for your financial circumstances.
Source: YAHOO
Reported about 1 month ago
General Motors (GM) will release its third quarter earnings results on October 22, with investors keenly observing sales figures, profitability from electric vehicles, and future guidance. These factors are crucial in understanding GM's performance and outlook in a competitive automotive market.
Source: YAHOO
Reported about 1 month ago
Despite issuing a $132 billion warning to Wall Street about overpriced stocks, Warren Buffett continues to invest heavily in four key stocks: Sirius XM Holdings, Occidental Petroleum, Chubb, and his own company, Berkshire Hathaway. While his company has sold $132 billion more in stocks than it has bought recently, Buffett's investments highlight his belief in the resilience and future growth potential of these companies, particularly in stable industries like satellite radio, oil and gas, and insurance.
Source: YAHOO
Reported about 1 month ago
Goldman Sachs strategists project that the S&P 500's annual returns will decrease to 3% over the next ten years. This forecast is driven by several factors, including comparisons with bond market dynamics. CNBC's Seana Smith and Madison Mills discuss these insights from Goldman.
Source: YAHOO