Reported about 2 months ago
The Nasdaq Composite and S&P 500 are rebounding following downward pressures on tech stocks earlier in August, with significant gains seen in major firms like Nvidia. Yahoo Finance's Josh Schafer discusses why this resurgence is happening and whether investors should consider re-entering the tech sector, as it leads the market rally.
Source: YAHOO
Reported about 2 months ago
Billionaire investor Bill Ackman has acquired 3 million shares of Nike, worth $229 million, after a significant dip in the company's stock, which fell nearly 30% in the first half of 2024. This move follows a history of successful investments by Ackman in Nike, despite the company's recent struggle with sales leading to substantial financial revisions and changes in analyst ratings.
Source: YAHOO
Reported about 2 months ago
Stock futures are showing a decline as the market prepares for Friday's opening, following a Thursday rally driven by strong retail sales and lower jobless claims. The tech sector is a key player in this rebound, especially with Nvidia's significant gains. Meanwhile, Vice President Kamala Harris is set to discuss her economic agenda, focusing on reducing inflation and essential costs for consumers.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
As labor costs rise, food chains like Sweetgreen, Chipotle, and Shake Shack are increasingly turning to robotic automation to enhance service efficiency. Sweetgreen's pilot stores employ automated systems to prepare meals quickly, drastically reducing staffing needs and wait times. Chipotle has introduced robotic innovations for tasks like tortilla and avocado preparation, while Shake Shack utilizes robots for delivery. These advancements aim to improve order accuracy, decrease employee turnover, and allow for reinvestment into innovation and pricing.
Source: YAHOO
Reported about 2 months ago
Mark Spitznagel, founder of Universa Investments, warns that the U.S. economy is on the brink of a recession and the largest market bubble in history is about to pop. Despite some bullish forecasts on Wall Street, Spitznagel argues that the economic indicators, such as the inverted yield curve and rising debt levels, signal an impending downturn. He foresees that once the bubble bursts, the result will be stagflation, leading to a challenging economic environment for consumers and investors.
Source: YAHOO
Reported about 2 months ago
US single-family housing starts plummeted to an annualized rate of 851,000 in July, marking a 14.1% drop as Hurricane Beryl disrupted activities and mortgage rates continued to rise. This decline signifies the fifth consecutive monthly decrease, indicating a slow housing market plagued by decreased builder confidence and oversupply concerns despite a recent retreat in mortgage rates.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
Rivian has temporarily halted production of its electric delivery vans for Amazon due to a shortage of parts, which reflects ongoing supply chain issues faced by the company. Despite this setback, Rivian assures that all missed production will be recovered. The company, which operates its manufacturing in Illinois, emphasized that this halt will not affect other vehicle productions. Amazon remains Rivian's largest investor, having ordered a total of 100,000 delivery vans to be deployed by 2030.
Source: YAHOO
Reported about 2 months ago
Super Micro Computer's stock has seen a significant decline of nearly 40% over the last month, primarily due to disappointing earnings despite a 144% rise in sales, underscoring profitability issues. With the potential for a U.S. recession looming, analysts predict challenging times ahead for the company, whose reliance on high-cost chip supplies and competition with firms like Dell and HP may hinder its growth. Investors are advised to approach Super Micro with caution, given its current undervaluation but complicated market dynamics.
Source: YAHOO
Reported about 2 months ago
Anduril Industries' co-founder and chairman, Trae Stephens, shared insights on the company's plans for a new factory and potential IPO within the next 3 to 5 years during an interview on Market Domination Overtime. He emphasized that the company is focused on growth and maintains a bipartisan impact on U.S. defense operations, regardless of the political administration in power.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Ghana is negotiating with cocoa traders for a $500 million loan to finance industry operations as it faces delays in securing its annual syndicated loan. The Ghana Cocoa Board is taking this step due to uncertainties in crop output and on-going discussions with banks, aiming to raise part of the $1.5 billion it requires before the cocoa season starts in October.
Source: YAHOO
Reported about 2 months ago
BMW is recalling over 1.3 million vehicles in China due to potential issues with Takata airbag inflators, following a similar recall in the U.S. The recall affects around 600,000 domestically produced cars from 2005 to 2017 and over 750,000 imported models from 2003 to 2018. Owners are advised to check their steering wheels, especially if they have been replaced, as faulty inflators can pose serious safety risks. BMW will provide free replacements for affected airbags.
Source: YAHOO
Reported about 2 months ago
As the Democratic National Convention approaches, Chicago is implementing heightened security measures in anticipation of protests led by pro-Palestinian groups outside the Accenture Tower. Police vow to prevent any chaos, recalling past demonstrations that resulted in violence. The protests draw attention to the tensions surrounding Vice President Kamala Harris, whose support for Israel has angered some activists. While there are concerns about potential unrest, the local economy is poised to benefit from the influx of visitors during the convention.
Source: YAHOO
Reported about 2 months ago
In the week ending August 14, global investors showed a strong preference for money market and government bond funds, investing $14.24 billion in the former as economic uncertainties in the U.S. persisted. This trend followed a disappointing jobs report and disappointing manufacturing data that had caused previous stock market declines. Despite the cautious stance, recent positive retail sales figures contributed to a slight recovery in equities, with riskier funds seeing a small resurgence of $857 million in net inflows.
Source: YAHOO
Reported about 2 months ago
Nvidia's stock has recently faced a significant 20% drop, marking its first major decline since 2023, leading to concerns about the sustainability of its impressive growth. After a peak value exceeding $3.2 trillion, the stock has seen a dramatic loss of over $650 billion, with analysts questioning whether rising sales will continue to support such a high stock valuation. While Nvidia remains a strong company, short-term volatility suggests that caution may be warranted before investing.
Source: YAHOO
Reported about 2 months ago
BHP has reached a collective agreement with the union representing workers at the Escondida copper mine, putting an end to a three-day strike that threatened global copper supplies. The strike was initiated by approximately 2,400 workers over disputes related to pay, but resumed negotiations led to a suspension of the strike effective August 16.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
U.S. stock futures remain stable as the market wraps up a strong week, highlighted by Walmart's record close despite slight premarket declines. Applied Materials faces a dip despite strong sales linked to the AI boom, while upcoming housing start data is expected to show a minor increase from June. Dell Technologies sees rising shares following positive analyst attention, reflecting a growing confidence in the company's AI potential.
Source: YAHOO
Reported about 2 months ago
Investors looking for reliable dividend income can consider three ETFs: ProShares S&P 500 Dividend Aristocrats ETF (NOBL), iShares Select Dividend ETF (DVY), and Vanguard Dividend Appreciation Index Fund ETF Shares (VIG). Each ETF offers different yields and focuses on dividend growth or high yields, providing diversification and reducing risks associated with individual stocks. These ETFs encompass a broad range of sectors and stable companies, appealing for long-term investment.
Source: YAHOO
Reported about 2 months ago
Stocks ended a strong week on a low note as housing market data disappointed traders. New-home construction in the US fell to its lowest level since the pandemic, prompting concerns about economic growth despite an overall positive week for equities. Traders remained cautious, now looking toward upcoming consumer sentiment data as signs of a slowing economy persist.
Source: YAHOO
Reported about 2 months ago
Source: YAHOO
Reported about 2 months ago
BHP has come to a preliminary agreement with the Escondida union in Chile concerning the ongoing strike at its copper mine, as reported by Bloomberg News.
Source: YAHOO
Reported about 2 months ago
Stock futures showed little change on Friday morning after a rally on Thursday helped the S&P 500 and Nasdaq recover losses from earlier in August. Despite a slow day for economic announcements, investors reacted positively to strong retail sales and Walmart's earnings, reducing recession fears and tempering expectations for aggressive Federal Reserve rate cuts. Futures for major indexes were all off slightly over 0.1% as the market remains on track for its best week of the year.
Source: YAHOO