Reported 3 days ago
As President-elect Donald Trump prepares to impose heavy tariffs on imports, corporate leaders, including those from Walmart, express growing worries about the potential impact on inflation and costs. Several major companies have addressed the issue in recent meetings, highlighting their ongoing efforts to diversify supply chains away from China and the potential for increased prices on consumer goods if tariffs are implemented.
Source: YAHOO
Reported 3 days ago
Nebraska Attorney General Michael Hilgers has filed an antitrust lawsuit against major heavy-duty truck manufacturers, alleging they are conspiring to limit the availability of diesel-powered trucks as part of a shift to electric vehicles. The lawsuit claims this collusion, driven by California's emissions regulations, could raise prices and reduce truck availability for Nebraska residents, constituting a serious violation of antitrust laws.
Source: YAHOO
Reported 3 days ago
With college tuition climbing towards $100,000 annually, families must make informed savings decisions to avoid compromising their financial goals, including retirement. Experts suggest starting education savings early and involving family members in funding discussions. Key considerations include the types of savings accounts, their flexibility, tax efficiency, and impact on financial aid. While 529 plans are often recommended for their benefits, exploring a mix of options like Coverdell accounts can provide additional flexibility. Furthermore, completing the FAFSA is crucial for accessing federal loans and potential scholarships.
Source: YAHOO
Reported 3 days ago
Nvidia is set to reveal its Blackwell GPU chip lineup amidst growing investor interest as it prepares for its fiscal third quarter earnings report on November 20. This article by Akiko Fujita delves into the Blackwell chip's design specifications, potential applications, and how Nvidia plans to address overheating issues, signaling its importance for AI chip demand in 2025.
Source: YAHOO
Reported 3 days ago
Kate Monroe, CEO of VetComm.US, provides three crucial tips for veterans seeking Veterans Affairs (VA) benefits. She emphasizes the importance of starting the claims process by filing an intent to file, seeking expert assistance if needed, and overcoming the mindset of feeling undeserving of benefits. By addressing these points, veterans can better navigate the system and ensure they receive the support they are entitled to.
Source: YAHOO
Reported 3 days ago
In a recent market analysis, XPeng and Viking Holdings saw declines of nearly 3% and 1% respectively, while C3.ai experienced a remarkable 16% increase in its stock price. This fluctuation follows a backdrop of geopolitical tensions after Ukraine launched US-made missiles into Russia, causing earlier losses in the overall stock market.
Source: YAHOO
Reported 3 days ago
Wall Street analysts are optimistic that President-elect Trump's proposed corporate tax cuts, reducing the rate from 21% to 15%, will significantly boost the S&P 500, potentially reaching 7,500 by 2026. This outlook is based on expected corporate earnings growth of over 20% and positive sentiment around his pro-market policies. Trump's tax proposals are predicted to benefit a substantial portion of S&P 500 companies, instigating a bullish trend in the stock market.
Source: YAHOO
Reported 3 days ago
SpaceX is poised to conduct its sixth test of the Starship rocket in Texas, with U.S. President-elect Donald Trump witnessing the event live. Scheduled for a 4 p.m. CT launch, the test aims to enhance Starship's reentry capabilities and landing techniques, including a notable reusable booster recovery. Trump, a supporter of Elon Musk, has shown interest in the progress of both SpaceX and NASA’s initiatives, particularly with future plans for moon and Mars missions.
Source: YAHOO
Reported 3 days ago
In a discussion led by Ed Slott, founder of Ed Slott & Company, the potential extension of tax cuts by President-elect Donald Trump is highlighted as an opportunity for retirement savers to capitalize on tax-free investments. Slott advocates for converting traditional retirement accounts to Roth 401Ks and IRAs, emphasizing the long-term benefits of building tax-free wealth as a smarter investment strategy.
Source: YAHOO
Reported 3 days ago
QuantumScape's stock experienced a notable surge, rising nearly 6%, after HSBC upgraded its recommendation from sell to hold and increased its price target by 13% to $5.30. The upgrade reflects progress in the company's solid-state battery technology and a significant partnership agreement with Volkswagen's battery division, PowerCo, which could enhance their production capabilities. While the investment remains high-risk, successful development of the new technology could revolutionize EV batteries.
Source: YAHOO
Reported 3 days ago
Professor Jeffrey Campbell from the University of Notre Dame discusses the influence of the Ukraine-Russia conflict on inflation, emphasizing its connection to economic uncertainty. He highlights that if energy prices decrease due to a resolution of the conflict, consumer spending may increase. However, without an end to the war, inflation is likely to remain high at around 3%, hindering economic recovery.
Source: YAHOO
Reported 3 days ago
As President-elect Donald Trump evaluates candidates for Treasury Secretary, discussions around his proposed tariffs on China intensify. Economist Jeffrey Roach highlights the stark shifts in the US-China economic landscape since 2017, suggesting that the implications of tariffs may now place more burden on foreign producers rather than domestic consumers. Insights from Scott Bessent, a potential Treasury choice, indicate that Trump's tariff proposals may serve as a negotiation tactic rather than actual policy implementations.
Source: YAHOO
Reported 3 days ago
Lowe's reported third quarter earnings that exceeded estimates and raised its full-year guidance; however, the stock fell due to declining sales growth. Additionally, October's US housing starts decreased to 1.31 million from the previous month, indicating a cooling housing market. Yahoo Finance's Dani Romero discusses the implications of these trends for the home improvement sector.
Source: YAHOO
Reported 3 days ago
President-elect Donald Trump has appointed Elon Musk to lead a new Department of Government Efficiency aimed at reducing waste and improving operations in government, leveraging Musk's track record of cost-cutting and efficiency at his companies like Tesla and SpaceX. Musk is known for his intense work culture and has implemented significant layoffs, stringent demands on employees, and a focus on maximizing productivity and minimizing unnecessary expenditures, which he hopes to bring to federal operations.
Source: YAHOO
Reported 3 days ago
The recent increase in interest rates has raised concerns for the stock market, coinciding with a wave of optimism following Donald Trump's election victory. While the stock market initially reacted positively, the unexpected rise in the 10-year treasury yield, which jumped from 3.74% to 4.47%, suggests a shift towards potentially more lucrative bonds. This change, driven by rising inflation expectations and increases in real yields, poses a threat to stock valuations, as high PE ratios might lose their appeal in a financial landscape where bonds become more competitive. As uncertainty looms over profit growth and budget deficits under Trump's policies, the balance between stocks and bonds may be shifting dramatically.
Source: YAHOO
Reported 3 days ago
Gold futures surged to a one-week high of approximately $2,630 per ounce as fears of nuclear escalation in the Russia-Ukraine war intensified. Following Russian President Putin's new nuclear doctrine and the U.S. allowing long-range missile use by Ukraine, investors turned to gold as a safe haven. Despite fluctuations impacted by the U.S. dollar, gold is up 27% year-to-date, outperforming the S&P 500, and analysts at Goldman Sachs suggest now is a prime time to invest in gold.
Source: YAHOO
Reported 3 days ago
Retailers, especially giants like Walmart, are closely monitoring how consumers will react to potential tariff increases imposed by the Trump administration. While Walmart has exceeded earnings expectations and maintains a strong market position, experts warn that any price hikes due to tariffs could disproportionately affect lower and middle-income consumers. The main challenge for retailers will be passing on these costs to consumers while maintaining their competitive edge.
Source: YAHOO
Reported 3 days ago
Jersey Mike's, the rapidly growing sandwich chain, has been acquired by private equity firm Blackstone for approximately $8 billion. The deal, aimed at accelerating Jersey Mike's expansion and enhancing its technological investments, is expected to close by early 2025, subject to regulatory approvals. Despite the acquisition, founder and CEO Peter Cancro will continue to lead the company and retains a significant equity stake. The chain has tripled its locations over the last decade and posted sales of $3.3 billion in 2023, benefitting from market share gains against competitors like Subway.
Source: YAHOO
Reported 3 days ago
In October, job losses were reported in Washington State and Florida, primarily due to a Boeing factory workers' strike and the aftermath of Hurricane Helene. The Labor Department revealed a decrease of 38,000 jobs in Florida and 35,900 in Washington State. With the strike concluded and recovery efforts ongoing in hurricane-affected areas, an increase in job growth is anticipated for November.
Source: YAHOO
Reported 3 days ago
U.S. stocks retreat after a rally spurred by President-elect Trump's reelection, influenced by escalating geopolitical tensions in the Russia-Ukraine conflict. Equity strategist Drew Pettit views this pullback as beneficial, allowing for renewed investment opportunities in industrials, consumer stocks, and cyclical trades, indicating that the previous market enthusiasm may have been overly stretched. He emphasizes this downturn as a chance to buy back into promising sectors, particularly in communication services.
Source: YAHOO
Reported 3 days ago
Protesters opposing Tesla's plant expansion near Berlin are occupying treehouses, as German police attempt to dismantle their camp. Amid tensions, protesters argue that the factory's enlargement endangers the environment. Police cite safety concerns for the ongoing clearance, while demonstrators express determination to continue their protest despite harsh weather conditions.
Source: YAHOO
Reported 3 days ago
Hewlett Packard Enterprise (HPE) recently engaged with the US Justice Department to push for its $14 billion acquisition of Juniper Networks (JNPR). This meeting aims to navigate regulatory concerns surrounding the deal, with HPE CEO Antonio Neri discussing the importance of the acquisition to the Yahoo Finance team.
Source: YAHOO
Reported 3 days ago
A U.S. congressional commission has proposed a large-scale initiative resembling the Manhattan Project to advance the development of artificial intelligence systems capable of matching or surpassing human intelligence. Amid growing competition with China in technology, the commission emphasizes the importance of public-private partnerships in achieving these goals but did not outline specific investment strategies. The recommendation comes as the U.S. seeks to maintain its technological edge and address challenges posed by China's advancements in artificial general intelligence.
Source: YAHOO
Reported 3 days ago
According to the International Atomic Energy Agency (IAEA), Iran has agreed to cease its production of uranium enriched close to the levels needed for nuclear weapons. In a recent report, the IAEA indicated that Iran has started implementing measures to control its uranium stockpile, following concerns over its 60% enrichment levels that could quickly be escalated to weapon-grade. The report arrives ahead of the inauguration of US President-Elect Donald Trump, who previously withdrew the US from an international nuclear agreement with Iran.
Source: YAHOO
Reported 3 days ago
Shares of Trump Media & Technology Group (DJT) are retreating following reports of discussions to acquire cryptocurrency trading platform Bakkt Holdings (BKKT). While DJT's stock fell, Bakkt's shares rose significantly, reflecting differing market reactions to the news.
Source: YAHOO