Reported about 1 month ago
Lucid Motors' stock has fallen sharply after the company announced a significant share sale to raise approximately $1.67 billion ahead of its new Gravity SUV's production later this year. The stock dropped by 16% following the news, as Lucid's majority shareholder indicated plans to maintain ownership through additional purchases. Despite a promising revenue outlook, Lucid posted a substantial operating loss and faces challenges in efficiently producing the new SUV, which is projected to target a much larger market than its current vehicle offerings.
Source: YAHOO
Reported about 1 month ago
During open enrollment, individuals face the choice between an indemnity plan and a high-deductible health plan (HDHP). An indemnity plan compensates for a set amount for medical services while requiring the insured to cover additional costs, while HDHPs feature lower premiums but higher out-of-pocket costs before coverage begins. HDHPs can be paired with Health Savings Accounts (HSAs), which allow tax-free savings for health expenses. Experts suggest choosing a plan based on current health needs rather than future expectations.
Source: YAHOO
Reported about 1 month ago
Chipmaker stocks experienced a significant rally as Taiwan Semiconductor Manufacturing Company (TSMC) reported a 54% increase in quarterly profits and forecasted strong, long-term demand for AI-related chips. As a result, stocks of major players like Nvidia, AMD, and Qualcomm all saw upticks, with TSMC's shares jumping nearly 10%. TSMC's optimistic assessment of AI demand, coupled with its market dominance over rivals in the AI semiconductor space, has reassured investors amidst previous market uncertainties.
Source: YAHOO
Reported about 1 month ago
Moody's chief economist Mark Zandi argues that the Federal Reserve should continue its interest rate cuts, citing the achievement of full employment and stable inflation as key reasons. He believes the economy's growth potential is higher than its current rate, suggesting that maintaining high rates is unnecessary given the positive economic indicators.
Source: YAHOO
Reported about 1 month ago
Taiwan Semiconductor Manufacturing Company (TSMC) has reported strong third-quarter results, raising its 2025 sales forecasts and reassuring investors about the AI chip market's strength. This positivity contrasts with ASML Holding's lowered guidance, prompting industry analysts to view TSMC as a more reliable indicator of market trends. Experts highlight TSMC's robust demand and its crucial role in driving high-end semiconductor markets, particularly in AI.
Source: YAHOO
Reported about 1 month ago
Recent analysis reveals that Chinese stock exchange-traded funds (ETFs) have become significant wealth destroyers for US investors, similar to the underperforming ARK Innovation ETF managed by Cathie Wood. Despite attracting over $12 billion since 2013, these funds, particularly the KraneShares CSI China Internet Fund, have seen a dramatic decline in asset value, with many investors facing losses. The funds' volatility and timing issues have made them unreliable long-term investment vehicles, further evidenced by their performance compared to major US ETFs.
Source: YAHOO
Reported about 1 month ago
Planning for retirement is crucial, and it's beneficial to start in your 30s and 40s. Understanding whether you're on track involves evaluating your savings and retirement goals. Certified financial adviser Bob Powell shares strategies to effectively track and enhance your retirement savings, particularly as you approach your peak earning years.
Source: YAHOO
Reported about 1 month ago
On October 17, gold reached an all-time high, driven by increased investments, particularly from Costco members. Judy Shelton, a senior fellow at the Independent Institute, noted that gold serves as a reliable financial resource amid economic uncertainties, acting both as a trusted currency and a store of wealth.
Source: YAHOO
Reported about 1 month ago
The MOVE Index, which measures bond market volatility, has increased in October, coinciding with 10-year Treasury yields remaining above 4%. Yahoo Finance's Madison Mills highlights this trend as the 2024 US election approaches, emphasizing the implications for investors.
Source: YAHOO
Reported about 1 month ago
The Walt Disney Company is launching a premium service at its theme parks that allows guests to skip lines at popular attractions, costing between $300 and $450 per person. While the service has limited availability and restrictions on rides, it highlights ongoing pricing and demand challenges faced by Disney's theme park operations.
Source: YAHOO
Reported about 1 month ago
The Russell 2000 small-cap index has hit a three-year high, indicating a shift in market dynamics. Michele Schneider, chief strategist at MarketGauge.com, discusses the potential market rotation due to investor sentiment around interest rates, suggesting they might have peaked. Despite an overall bullish outlook following two years of growth, she cautions investors to be wary of rate trends, especially in historically volatile October. Schneider highlights retail companies like Ulta Beauty and e.l.f. Beauty, along with pharmaceutical firm Novo Nordisk, as attractive investment targets.
Source: YAHOO
Reported about 1 month ago
At the first annual HOOD Summit in Miami, Robinhood CEO Vlad Tenev revealed the launch of new futures and index options trades aimed at active investors and presented a redesigned desktop platform, Robinhood Legend, to enhance trading capabilities. Tenev emphasized the increasing importance of desktop trading, particularly as wealth shifts to younger generations, suggesting that Robinhood's innovations could help them capture a larger share of the market compared to traditional financial institutions that focus more on wealth management.
Source: YAHOO
Reported about 1 month ago
The US stock market saw significant gains with the Dow Jones Industrial Average reaching a record high, driven by a strong quarterly report from Taiwan Semiconductor Manufacturing Company (TSMC) and robust retail sales data. TSMC's forecast boosted optimism in the semiconductor sector, particularly benefiting Nvidia and other chip stocks, while retail sales exceeded expectations, indicating potential economic growth. Investors are now focused on upcoming earnings reports from major tech companies.
Source: YAHOO
Reported about 1 month ago
Disney has announced price hikes for its subscription plans, including Disney+ and Hulu, as part of a trend among streaming services to improve profitability. Most plans will increase by $1 to $2 monthly, with Hulu Live TV seeing a $6 rise. This shift comes after Disney's streaming division turned a profit for the first time and follows similar strategies adopted by other platforms like Peacock and Max. Analysts warn that persistent price increases might lead to higher cancellation rates among subscribers.
Source: YAHOO
Reported about 1 month ago
Retail sales in the United States saw a solid increase in September, fueled by lower gasoline prices that allowed consumers to spend more at restaurants and stores. The Commerce Department reported a 0.4% rise in sales, marking a continuation of strong economic growth. Increases were noted in clothing stores, online purchases, and health and personal care outlets, although some categories like electronics saw declines. Overall, consumer spending remains robust due to solid income growth and low unemployment rates.
Source: YAHOO
Reported about 1 month ago
The Travelers Companies (TRV) saw a rise in third-quarter earnings, attributed to strong underwriting performance and increased investment income, despite facing higher catastrophe losses from extreme weather events. Analysts discuss the factors influencing the stock's surge during premarket trading.
Source: YAHOO
Reported about 1 month ago
Economist Kathy Bostjancic discusses recent retail sales data showing a 0.4% increase in September, indicating robust consumer spending. She suggests that this economic momentum could lead the Federal Reserve to reconsider interest rate adjustments in November, stating that while an increase is possible, it's not guaranteed.
Source: YAHOO
Reported about 1 month ago
Nvidia shares reached a record high as US chip stocks rallied after TSMC, the leading chipmaker, projected strong annual revenue growth driven by AI chip sales. TSMC's positive outlook encouraged investors, lifting its own shares over 11% and boosting major players like Nvidia and AMD. Despite concerns about demand for non-AI semiconductors, TSMC’s forecast reinforced confidence in the chip sector's ongoing momentum.
Source: YAHOO
Reported about 1 month ago
The European Central Bank (ECB) has lowered interest rates by 25 basis points for the third time in 2024, marking the first consecutive cuts in 13 years. The new deposit rate is set at 3.25%, responding to a weakening growth outlook and declining inflation, which fell to 1.7% in September. As a result, the ECB faces increasing pressure to maintain price stability amidst projections of a recession in Germany, the largest economy in Europe.
Source: YAHOO
Reported about 1 month ago
Regional banks including M&T Bank (MTB), Truist Financial (TFC), Huntington (HBAN), and KeyCorp (KEY) are the center of attention as they report their earnings. Morning Brief hosts Seana Smith and Brad Smith discuss key insights that investors need to consider regarding these banks.
Source: YAHOO
Reported about 1 month ago
The Nasdaq Composite rose by 0.9% following positive earnings from TSMC, with the S&P 500 also up over 0.5%. This boost in the tech sector comes as US retail sales figures were released, alongside movements in other stock indices and Treasury yields, signaling a strong performance in the market.
Source: YAHOO
Reported about 1 month ago
Reports suggest that Uber Technologies is considering a bid for Expedia Group, a prominent travel booking platform that includes brands like Trivago and Orbitz. This move could significantly enhance Uber's presence in the travel sector, allowing for a strategic expansion beyond ridesharing.
Source: YAHOO
Reported about 1 month ago
The latest Labor Department data shows that unemployment claims in the U.S. fell by 19,000 to 241,000 for the week ending October 12, returning to recent levels following a significant rise attributed to hurricanes. The four-week average also increased slightly to 236,250. Though the total count of people receiving jobless benefits increased to about 1.87 million, the numbers indicate a general stabilization in job claims, reflecting the Labor Department's ongoing adjustments to economic pressures and the Federal Reserve's rate cuts aimed at supporting the job market.
Source: YAHOO
Reported about 1 month ago
TSMC's shares surged following the company’s announcement of better-than-expected quarterly earnings and an optimistic sales outlook driven by artificial intelligence (AI) demand. This performance alleviated fears of a slowdown in AI-related growth, positively affecting other semiconductor stocks such as Nvidia and Micron.
Source: YAHOO
Reported about 1 month ago
US retail sales increased by 0.4% in September, surpassing expectations, while initial jobless claims were lower than anticipated. Treasury Secretary Janet Yellen cautioned that proposed tariffs from former President Trump could worsen inflation. Additionally, US stock futures rose following positive earnings from Taiwan Semiconductor Manufacturing Company, with more earnings reports expected today from Netflix and M&T Bank.
Source: YAHOO