Reported about 2 months ago
Estée Lauder's shares have dropped following the company's projection of weaker sales and earnings for 2025 than analysts anticipated. Additionally, CEO Fabrizio Freda announced his retirement at the end of fiscal 2025, which has led to discussions of a possible turnaround for the company and renewed investor confidence.
Source: YAHOO
Reported about 2 months ago
Markets rose as traders awaited updates on monetary policy at Jackson Hole, with AMD, Palantir, and fuboTV making headlines. AMD's shares increased after announcing a $4.9 billion acquisition of ZT Systems to enhance its AI infrastructure. Palantir's CEO defended the company's military ties in a NY Times profile, while shares have risen 85% this year. fuboTV's stock surged 30% after a judge's ruling blocked a competing sports streaming venture, although its shares remain down 40% year-to-date.
Source: YAHOO
Reported about 2 months ago
Investing in dividend stocks can be an effective strategy for creating passive income, especially during stock market downturns. Two recommended stocks are Realty Income, a well-diversified real estate investment trust with a solid 5.25% dividend yield, and Enbridge, an energy giant offering a 6.68% yield. Both companies have strong track records of consistent cash payments to investors, positioning them as reliable options for income-focused investors.
Source: YAHOO
Reported about 2 months ago
Advanced Micro Devices (AMD) has announced its acquisition of server builder ZT Systems for $4.9 billion, a strategic move to enhance its presence in the AI sector amid increasing competition in the industry. Morning Brief co-hosts Seana Smith and Brad Smith provide insights on this development.
Source: YAHOO
Reported about 2 months ago
Stocks opened higher, building on gains from the previous week, which marked the best trading week of 2024 thus far. Major market averages are slightly above their flatlines as investors focus on the upcoming Jackson Hole Economic Symposium.
Source: YAHOO
Reported about 2 months ago
FuboTV's stock price surged in pre-market trading after a court injunction halted the launch of Venu Sports, a competing sports streaming service backed by major media companies including Fox, Disney, and Warner Bros. Discovery. The decision is seen as a significant setback for Venu as the NFL season approaches, potentially benefiting FuboTV in the competitive streaming market.
Source: YAHOO
Reported about 2 months ago
Starbucks shares jumped nearly 25% after the announcement of Brian Niccol, the former CEO of Chipotle, as the new CEO, effective Sept. 9. This change comes amid struggles under ex-CEO Laxman Narasimhan, who faced declining U.S. sales and negative customer experiences. While Niccol's track record at Chipotle suggests potential for recovery, his ability to address Starbucks’ unique challenges, particularly in a competitive Chinese market, remains to be seen. Analyses indicate that despite the stock's recent surge and a reasonable P/E ratio, it may still be a viable long-term investment.
Source: YAHOO
Reported about 2 months ago
This article identifies five blue-chip dividend growth stocks—Apple, ExxonMobil, Medtronic, Johnson & Johnson, and Coca-Cola—that are ideal for long-term investors. Each stock demonstrates strong fundamentals, attractive dividend yields, and solid growth potential. The combination of consistent dividend increases and substantial cash flows makes these companies suitable for a well-rounded investment portfolio.
Source: YAHOO
Reported about 2 months ago
As markets prepare for the Federal Reserve's Jackson Hole Symposium starting August 22, stock futures are steady, with traders largely anticipating a 25-basis-point interest rate cut in September. This week will also see retail giants like Lowe's, Macy's, and Target announcing their earnings. Additionally, the Democratic National Convention kicks off with President Biden delivering a speech.
Source: YAHOO
Reported about 2 months ago
Recent significant merger and acquisition activity in the consumer sector is disrupting the traditional summer slowdown, with notable deals such as 7-Eleven's takeover proposal and Mars Inc.'s acquisition of Kellanova fueling confidence in corporate transactions. Over $725 billion in deals have been disclosed since June, representing a 20% increase from the prior year, as investment banks report a resurgence in activity and private equity firms remain active.
Source: YAHOO
Reported about 2 months ago
General Motors confirmed that it will lay off more than 1,000 salaried employees from its software and service units globally, with approximately 600 positions affected at its tech campus near Detroit. The layoffs, attributed to a strategic review of operations rather than cost-cutting measures, follow the departure of Mike Abbott, the executive vice president of software and services, who left for health reasons. The company had previously implemented buyouts for around 5,000 salaried workers as part of its broader cost-cutting efforts.
Source: YAHOO
Reported about 2 months ago
A recent Reuters poll indicates that the U.S. Federal Reserve is likely to enact three interest rate cuts of 25 basis points each in the remaining meetings of 2024, following unexpected economic data that suggests a stable economy. Despite the anticipated cuts, economists remain optimistic about the resilience of the economy, with a recession considered unlikely.
Source: YAHOO
Reported about 2 months ago
As the AI revolution continues, there are still significant investment opportunities to consider. This article explores three promising AI stocks: IonQ, a leader in quantum computing; SoundHound AI, known for its advanced conversational AI technologies; and Arm Holdings, a chipmaker poised to grow with the increasing demand for AI capabilities. While each company faces unique challenges, they are all strategically positioned for potential parabolic growth in the near future.
Source: YAHOO
Reported about 2 months ago
Germany's government plans to alleviate budgetary pressures for military aid to Ukraine by leveraging a $50 billion international loan package, funded by interest from profits on frozen Russian assets. Despite some concerns regarding domestic budget constraints, officials affirmed their commitment to continue supporting Ukraine as the nation faces ongoing financial challenges in providing military assistance. The German budget anticipates nearly €7.5 billion ($8.3 billion) for military aid this year, with projections for future support to be bolstered by these asset profits.
Source: YAHOO
Reported about 2 months ago
As the Federal Reserve is anticipated to cut interest rates for the first time since March 2020, the stock market is poised for potential winners. With expectations of up to two percentage points of cuts by September 2025, companies like Redfin, which stands to gain from a recovering real estate market, and SoFi, which could benefit from lower deposit costs, are highlighted as strong investment options. However, investors are reminded to consider the unpredictable nature of the economic environment.
Source: YAHOO
Reported about 2 months ago
Cocoa prices have increased in New York as traders assess production prospects in West Africa, with futures climbing 2.6% despite earlier losses. Recent rains in Nigeria and Cameroon are expected to benefit crop growth, although some areas face drier conditions that could stress yields. Despite a pullback from record highs earlier this year, cocoa prices remain significantly elevated compared to last year, keeping traders vigilant about upcoming weather impacts as the main harvest season approaches.
Source: YAHOO
Reported about 2 months ago
Following a suicide bombing in Tel Aviv, Iran-backed Palestinian groups Hamas and Islamic Jihad claimed responsibility and warned of additional operations if Israel continues its military actions in Gaza. The Israeli police confirmed the attempted bombing and emphasized increased security efforts amid ongoing tensions, coinciding with U.S. Secretary of State Anthony Blinken's visit to promote a ceasefire.
Source: YAHOO
Reported about 2 months ago
Canada's Alimentation Couche-Tard has officially confirmed its offer to acquire Japan's Seven & i, the parent company of 7-Eleven. Following the announcement, Seven & i saw its shares rise approximately 23%, bringing its market valuation to around 5.6 trillion yen ($38 billion). Couche-Tard, which operates Circle-K, is valued at C$79.65 billion ($58.25 billion).
Source: YAHOO
Reported about 2 months ago
Brazilian analysts have revised their estimates for the benchmark interest rate higher due to stronger-than-expected economic performance, with predictions now set at 10% by December 2025, up from 9.75%. Inflation projections remain elevated, prompting central bank leaders to adopt a more hawkish stance. The strong economic activity, along with rising inflation rates, has led some analysts to raise their end-of-2024 key rate estimates to 11.75%. The central bank emphasizes its commitment to control inflation, despite uncertainties surrounding the government's fiscal plans.
Source: YAHOO
Reported about 2 months ago
Thunderstorms in Greece and the Balkans pose risks of flooding and lightning strikes, increasing wildfire threats, while southern Spain swelters under high temperatures. Greece’s Ionian islands face storm alerts and wildfires sparked by lightning. Meanwhile, heat warnings are issued for parts of Spain, Romania, and Hungary, reflecting rising climate challenges across the Mediterranean.
Source: YAHOO
Reported about 2 months ago
Canada's Alimentation Couche-Tard has made a preliminary proposal to acquire Japan's Seven & i Holdings, the owner of the 7-Eleven chain, marking a significant foreign interest in Japanese retail. The bid highlights a growing trend among Western investors attracted by Japan's improved corporate governance. While the specifics of the offer remain undisclosed, it has already prompted a nearly 23% surge in Seven & i's stock price. The deal, if finalized, would represent the largest acquisition of a Japanese firm by a foreign entity, surpassing the previous record involving Toshiba.
Source: YAHOO
Reported about 2 months ago
The Swiss National Bank has announced a change in the threshold factor for remuneration on sight deposits, lowering it from 25 to 22 times the banks' minimum reserve requirement. This modification aims to partially reverse the previous increase in minimum requirements set in July, which affected how much interest banks earn on parked cash. While it may slightly alleviate some revenue losses for banks, economists believe it will not significantly impact overall interest earnings.
Source: YAHOO
Reported about 2 months ago
A leveraged investment strategy that collapsed during the 2008 financial crisis is making a comeback in the form of new exchange-traded funds (ETFs), which integrate the concept of 'return stacking.' This strategy aims to diversify portfolios by combining various uncorrelated assets while leveraging borrowed money. Despite its risks, such as potential losses in downturns, early adopters have seen significant interest, with one fund quickly acquiring $200 million in assets since its launch, and the total assets across all return-stacking funds exceeding $600 million.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
This week features several key stock splits, including reverse stock splits for Surf Air Mobility, Better Home Finance, and more. These corporate actions are part of efforts by companies to comply with Nasdaq and NYSE listing requirements while improving share liquidity for retail investors. Notable mentions include Faraday Future's one-for-40 reverse split and Aligos Therapeutics' one-for-25 split, both effective August 19. Companies typically engage in such splits to maintain market capitalization while adjusting share prices.
Source: YAHOO