Reported about 1 month ago
Next week marks the start of earnings season with Tesla (TSLA) leading the pack among the tech giants, alongside quarterly results from Coca-Cola (KO), Amazon (AMZN), and General Motors (GM). Additionally, commentary from Federal Reserve officials Lorie Logan and Patrick Harker is anticipated. The housing market will also be highlighted with reports on existing and new home sales.
Source: YAHOO
Reported about 1 month ago
The industrial sector has been trading at a premium compared to the S&P 500 due to factors like easing interest rates, boosting performance for companies such as Deere & Company and Caterpillar. Jonathan Sakraida from CFRA Research indicates high expectations for sales and earnings recovery in 2025, but warns of increasing valuations and deteriorating fundamentals in companies like Deere, urging investors to be selective in their investments.
Source: YAHOO
Reported about 1 month ago
In 2023, CEO compensation for publicly traded companies fell by nearly 20%, a surprising decline despite a strong stock market, according to a report by the Economic Policy Institute. Since 1978, CEO pay has skyrocketed by over 1,000%, while typical worker wages have only increased by 24%. The report highlights the significant wage gap, revealing that CEOs earned 290 times more than the average worker in 2023. Experts are puzzled by the decline in pay as it traditionally aligns with stock performance, leading to questions about potential shifts in compensation practices.
Source: YAHOO
Reported about 1 month ago
As the US elections approach, significant differences emerge between polling data and betting markets regarding voter turnout and potential results. Despite a thriving October for US stocks, with consumers showing strong spending, analysts like Yahoo Finance's Rick Newman share insights into how these factors might influence the upcoming election.
Source: YAHOO
Reported about 1 month ago
US stocks achieved record highs on Friday, marking the S&P 500's sixth consecutive week of gains and spurred by Netflix's strong earnings report, which exceeded expectations. The Nasdaq Composite also performed well, driven by optimism as major tech companies prepare to report their earnings. Meanwhile, gold prices exceeded $2,700 an ounce amid concerns about geopolitical tensions and the upcoming US presidential election.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
The U.S. budget deficit has surged to $1.833 trillion in fiscal 2024, marking the highest amount outside of the COVID-19 era and the third-largest deficit in U.S. history. This increase was driven by rising interest costs on federal debt, which surpassed $1 trillion for the first time, alongside significant spending on Social Security, healthcare, and military programs. While government receipts hit a record high of $4.919 trillion due to tax revenue growth, expenditures also rose, leading to heightened concerns about fiscal responsibility ahead of upcoming elections.
Source: YAHOO
Reported about 1 month ago
The US National Highway Traffic Safety Administration (NHTSA) has initiated an investigation into Tesla's Full Self-Driving systems following multiple crashes, including a fatal incident. The investigation aims to understand the technical factors involved in these accidents, raising concerns about the safety and future of Tesla's autonomous vehicle technology.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Meta Platforms is compelled to face a lawsuit from Massachusetts, accusing the company of deliberately designing addictive features on Instagram that endanger the mental health of teenagers. A judge ruled that claims against Meta, including violations of consumer protection laws, can proceed, despite the company's arguments for dismissal based on federal protections. State officials aim to hold Meta accountable for its practices and advocate for changes to safeguard young users.
Source: YAHOO
Reported about 1 month ago
In a recent segment, Mizuho Americas analyst Salim Syed endorsed Enliven Therapeutics (ELVN) as his top biotech pick, citing promising developments in their drug ELVN-001 for chronic myeloid leukemia. With the global market for CML growing rapidly, he believes the drug could generate significant revenue. Conversely, he expressed concerns about Amgen (AMGN), highlighting difficulties in its valuation and upcoming data releases that could lead to drastic stock price fluctuations.
Source: YAHOO
Reported about 1 month ago
Intuitive Surgical's stock price jumped over 10% on Friday following the company's impressive third quarter earnings that exceeded expectations. The firm has seen a remarkable year-to-date increase of nearly 55% in 2024.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Ally Financial's stock fell after reports of declining auto loan charge-offs, despite surpassing earnings estimates for the third quarter. Analysts Julie Hyman and Josh Lipton discussed the stock's reaction to this news, emphasizing concerns over the company's auto loan performance.
Source: YAHOO
Reported about 1 month ago
SLB's shares dropped following the company's third-quarter earnings report, which fell short of revenue and sales expectations. The oil producer highlighted concerns regarding slowing spending growth from international oil explorers, raising alarm over the industry's financial trajectory.
Source: YAHOO
Reported about 1 month ago
The S&P 500 and Dow Jones Industrial Average reached new all-time highs on Friday, capping a strong week for the stock market. The Nasdaq Composite also saw gains of 0.63%. Market Domination Overtime's Julie Hyman highlighted the performance of small-cap stocks, tech leaders, and key individual stocks such as Netflix and Apple.
Source: YAHOO
Reported about 1 month ago
Netflix's stock surged 11% to a new record above $760 after the company reported stronger-than-expected Q3 earnings, beating revenue and EPS estimates. With a 15% year-over-year increase in revenue, Netflix added over 5 million new subscribers due to popular programming and successful initiatives, including an ad-supported tier. The company anticipates continued growth, projecting Q4 revenue significantly above consensus expectations, as well as an improved operating margin.
Source: YAHOO
Reported about 1 month ago
Achieving the American Dream, which includes homeownership, children, and retirement, now costs an estimated $4.4 million—over $1 million more than the average American will earn in a lifetime. Major expenses include retirement savings at nearly $1.6 million, a home costing about $930,000, and raising two children costing roughly $832,172. This staggering financial requirement is pushing many to believe the American Dream is increasingly out of reach, with only 21% of younger generations perceiving it as attainable.
Source: YAHOO
Reported about 1 month ago
Shares of Lamb Weston Holdings surged by up to 11% after activist investor Jana Partners disclosed a 5% stake in the company, advocating for strategic alternatives to address what it sees as the underperformance of Lamb Weston. The move follows a significant decline in the company's stock this year, and Jana's involvement could lead to changes in board composition, management, and strategic direction as it pushes for improvements to shareholder value.
Source: YAHOO
Reported about 1 month ago
Atlanta Federal Reserve Bank President Raphael Bostic urged a careful approach to lower the Fed's policy rate to between 3% and 3.5% by the end of next year. He emphasized the need to reach the 2% inflation target without hastening the process, advocating that maintaining restrictive measures is crucial for economic stability. While there are expectations for more rate cuts, Bostic reassured that he does not foresee a recession, citing sustained economic momentum.
Source: YAHOO
Reported about 1 month ago
New York Community Bank (NYCB) announced it will cut 700 jobs, approximately 8% of its workforce, at its Flagstar subsidiary as it strives to return to profitability after receiving over $1 billion in investor support earlier this year. Additionally, the bank is selling its mortgage-servicing business, which will lead to another 1,200 job reductions, although many employees may be offered positions at the buyer, Mr. Cooper. NYCB has faced challenges due to its recent acquisition of Signature Bank and ongoing issues in commercial real estate.
Source: YAHOO
Reported about 1 month ago
U.S. stocks reached record highs on Friday with the S&P 500 closing at an all-time peak and achieving its longest winning streak of 2024. The rise was bolstered by Netflix's strong quarterly performance, which exceeded earnings expectations and led to an 11% increase in its share price. The Nasdaq Composite and Dow Jones also noted gains, while gold prices soared above $2,700 per ounce amid heightened risks globally.
Source: YAHOO
Reported about 1 month ago
A federal judge in California has granted Google's request to temporarily suspend an order mandating significant changes to its Android app store, originally set for implementation by November 1, 2024. This decision follows an antitrust lawsuit filed by Epic Games, which accused Google of monopolizing app distribution. While the judge's ruling delays the reformation to allow for further legal considerations, Epic criticized Google's claims of security risks as a means to maintain its market control.
Source: YAHOO
Reported about 1 month ago
Yahoo Finance's Pras Subramanian takes the new Lamborghini Urus SE Hybrid for a test drive, exploring whether electrification in luxury SUVs is becoming more accepted.
Source: YAHOO
Reported about 1 month ago
One of the largest solar projects in the U.S., supported by Google, officially opened in Texas, featuring three solar farms that collectively provide 875 megawatts of clean energy. Google plans to invest $16 billion in clean energy through 2040 and aims to meet its electricity demands without contributing to climate change. The project is part of a broader effort to increase renewable energy sources amid rising global electricity consumption, particularly driven by data centers.
Source: YAHOO