Reported about 1 month ago
Boeing's main supplier, Spirit AeroSystems, announced it will temporarily furlough 700 workers starting on October 28 due to a strike by Boeing machinists, which halted production. This decision comes as Boeing is under a new FAA review regarding its safety compliance practices. The strike and subsequent layoffs are part of a broader picture of operational challenges the aerospace company is facing, exacerbating concerns over its supply chain and regulatory oversight.
Source: YAHOO
Reported about 1 month ago
A significant portion of Americans, over a third, seek advice from financial advisors, but a recent discussion raises concerns about whether they are overpaying for these services. According to FinanceHQ's Alex Choi, fees typically range from $3,000 to $7,000 annually, with charges above this threshold potentially being excessive. Choi emphasizes the importance of asking advisors key questions, such as their fiduciary status, to ensure that they prioritize clients' best interests.
Source: YAHOO
Reported about 1 month ago
A dividend investor shared on Reddit how he generates $1,000 monthly from a $40,000 'hyper dividend' portfolio, achieving a remarkable yield of around 34%. His portfolio mainly consists of high-yield ETFs, including notable options like the YieldMax MSTR and JPMorgan Equity Premium ETFs, highlighting the risks and rewards associated with high-yield investing.
Source: YAHOO
Reported about 1 month ago
Cathie Wood, notable for her successful investments in technology stocks, recently acquired a significant number of Amazon shares, igniting discussions about the potential of Amazon ETFs. Despite past performance challenges of her flagship fund, Wood's current investment strategy, focused on emerging tech, suggests a promising outlook for Amazon, particularly as the holiday season approaches. Analysts recommend considering Amazon-heavy ETFs as a way to mitigate risks while capitalizing on the company's dominance in e-commerce and cloud services.
Source: YAHOO
Reported about 1 month ago
Utilities have shown remarkable performance this year, driven by increased demand for electricity fueled by AI, with the S&P 500 Utilities ETF up 29% compared to the broader index's 23%. Significant gains are attributed to power producers benefiting from the electrification boom, including major players like Vistra Corp, whose stocks have surged 243% year-to-date. Analysts predict continued outperformance for utilities as the demand for electricity is expected to grow significantly in the coming years, leading many investors to consider these defensive stocks as promising investments.
Source: YAHOO
Reported about 1 month ago
The S&P 500 is on track for its sixth consecutive week of gains, driven by robust quarterly earnings, particularly from Netflix, which reported better-than-expected Q3 results. Other notable trending stocks include Peloton, American Express, and CVS Health, as analysts discuss market movements and forecasts.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
According to Ram Ahluwalia, CEO of Lumida Wealth Management, Nvidia is set to be the first company to achieve a $4 trillion market capitalization by capitalizing on the AI boom and strong demand for its GPU chips. Ahluwalia believes Nvidia's stock could reach $150 by the end of 2024, driven by significant investments from hyperscalers, and attests to its leading position in the 'Magnificent Seven' alongside Alphabet and Meta.
Source: YAHOO
Reported about 1 month ago
Jeanne, a resident of Sandusky, Ohio, won $15 million from a lottery scratch-off game but will only receive about $4.5 million after taxes. Despite joyous initial reactions, she faces a substantial tax burden of nearly $3 million, due to federal withholding and state taxes. She opted for a lump sum payment of $7.5 million rather than the annuity option, which could have resulted in lower yearly taxes.
Source: YAHOO
Reported about 1 month ago
Redfin CEO Glenn Kelman discusses how the recent Federal Reserve rate cut has influenced consumer psychology in the real estate market, highlighting a 2.5% rise in pending home sales in September. Despite rising mortgage rates, buyers remain active, as monthly payments have dropped since April. Kelman suggests that the Fed's decisions and the upcoming presidential election may not have immediate effects on housing prices, but they impact buyer and seller sentiments.
Source: YAHOO
Reported about 1 month ago
As the presidential election approaches, economic proposals from Vice President Kamala Harris and former President Donald Trump are under scrutiny. Harvard professor Jason Furman highlights concerns regarding Trump's fluctuating tariff policies, which could lead to a trade war, and emphasizes the potential risks to the Federal Reserve's stability. He believes Trump's economic plan would result in significantly higher spending compared to Harris's, warning of long-term implications if Trump's policies were to continue under future administrations.
Source: YAHOO
Reported about 1 month ago
Online spending is increasing as the holiday season approaches, primarily driven by lower-income consumers seeking deals. Bank of America Institute's David Tinsley highlights a trend of value-seeking behavior, indicating that this demographic is opting for online shopping to access a wider range of products and discounts. Despite concerns over spending habits, the labor market remains strong and wage growth is solid, suggesting a positive outlook for consumer spending.
Source: YAHOO
Reported about 1 month ago
Nvidia (NVDA) stands out as a promising growth stock due to its robust earnings growth, with an impressive projected EPS increase of 117.2% this year, and exceptional cash flow growth of 303.7%, significantly outperforming industry averages. Additionally, positive trends in earnings estimate revisions support its strong growth potential, earning it a favorable Growth Score and a Zacks Rank of #2 (Buy), making it an attractive option for growth investors.
Source: YAHOO
Reported about 1 month ago
Elon Musk's decision to campaign with former President Donald Trump is described as a significant error for Tesla, according to Ram Ahluwalia, CEO of Lumida Wealth Management. He argues that Musk's endorsement could associate Tesla's stock performance with the Trump campaign's fortunes, which may deter retail investors. Ahluwalia highlights ongoing challenges for Tesla, including competition from new EV players and ongoing delivery issues, which could lead to a decline in stock value if not addressed.
Source: YAHOO
Reported about 1 month ago
Elon Musk and Mark Cuban showcased their differing campaign strategies during recent events for their preferred presidential candidates. Musk, supporting Donald Trump, took a freewheeling approach, discussing various topics with a focus on broad issues like immigration and crime. In contrast, Cuban, backing Vice President Kamala Harris, presented a structured economic case, emphasizing small business support and fiscal strategies. Their distinct styles highlight the contrasting philosophies of the candidates they represent as both billionaires gear up for more campaigning.
Source: YAHOO
Reported about 1 month ago
Disney has raised its subscription prices for Disney+, reflecting a growing trend among streaming services. With competitors like Comcast's Peacock and Warner Bros.' Max also increasing rates, analysts are debating whether Netflix should follow suit. While some believe a price hike is overdue, others argue that Netflix's engagement growth doesn't support an increase. Yahoo Finance's Alexandra Canal provides insights on this development.
Source: YAHOO
Reported about 1 month ago
As Medicare open enrollment begins, experts highlight significant changes for beneficiaries in 2025, notably from the Inflation Reduction Act, which will limit out-of-pocket drug costs to $2,000 and could lead to changes in deductibles and co-pays. Additionally, challenges for Medicare Advantage plans may affect coverage options. Beneficiaries are advised to carefully assess available plans and ensure their chosen coverage meets their medication needs and financial situations.
Source: YAHOO
Reported about 1 month ago
During a recent discussion on Yahoo Finance, NFJ Investment Group's Burns McKinney highlighted the current strength of market indexes and the Federal Reserve's potential interest rate cuts, creating a favorable environment for equities. However, he cautioned against overly optimistic growth expectations, pointing out that the S&P's high price-to-earnings ratio reflects aggressive market assumptions, suggesting that while positive returns are anticipated, investors should remain cautious.
Source: YAHOO
Reported about 1 month ago
Advertising expert Mark Douglas explains that Netflix's shift towards ad-supported subscriptions is strategically boosting its revenue and subscriber growth. As the company adds customers to this tier faster than monetizing them, it creates a significant revenue backlog expected to benefit Netflix in the coming years. Douglas suggests that advertisers will effectively cover costs that would have been passed to subscribers, making the ad-supported model more lucrative for the streaming giant.
Source: YAHOO
Reported about 1 month ago
Despite Netflix's positive third quarter results, analyst Jason Bazinet from Citi expresses skepticism about the streaming giant's ability to increase prices due to stagnant engagement levels. While competitors like Disney+ and Warner Bros. Max have raised prices, Bazinet argues that Netflix can only do the same if their content drives significant engagement growth, which they currently lack. He notes that consumer preference for the low-cost ad-tier suggests that price increases may not be feasible at this time.
Source: YAHOO
Reported about 1 month ago
The US Commerce Department is investigating Taiwan Semiconductor Manufacturing Company (TSMC) over potential violations of export controls linked to its dealings with Huawei. This scrutiny arises from concerns about TSMC collaborating with the banned Chinese tech firm, which has faced restrictions on acquiring US-manufactured chips since 2020. TSMC is reportedly taking prompt action to address the investigation.
Source: YAHOO
Reported about 1 month ago
Former Chairman of the Council of Economic Advisers, Jason Furman, discusses Larry Summers' criticism of the Federal Reserve's recent rate cut during an interview. Furman emphasizes the existing inflation risks in the economy, suggesting that while the Fed's monetary policy should remain cautious, it does not need to be as restrictive as in the past. He believes there is still significant demand in the economy despite low unemployment rates.
Source: YAHOO
Reported about 1 month ago
Microsoft has reportedly paused its funding for OpenAI after concerns about financial sustainability and governance, sparking a broader discussion on the precarious position of private AI firms that are heavily burning cash. Experts warn that, while the AI sector requires massive investments, the current market is volatile, and many startups are struggling to turn profits except for a few like Nvidia. As companies navigate these challenges, there might be compromises and new partnerships in this high-stakes game, with the IPO market expected to see activity in 2025 despite significant hurdles.
Source: YAHOO
Reported about 1 month ago
American Express (AXP) shares are facing pressure in the market even after the company reported better-than-expected earnings and raised its outlook. Morning Brief hosts Seana Smith and Brad Smith analyze the situation, highlighting that market performance remains unfavorable for the stock.
Source: YAHOO
Reported about 1 month ago
Vice President Kamala Harris has demonstrated significant growth as a presidential candidate since her first run in 2019. In a high-stakes interview with Fox News, she skillfully navigated tough questions on immigration without faltering, showcasing her improved communication skills and strategic messaging. Harris has managed to stay focused on key issues while addressing criticisms from her past, signaling a more polished and prepared candidate for the 2024 election.
Source: YAHOO