Reported about 1 month ago
As the November presidential election approaches, the economy is showing mixed signals, with a moderating job market, new layoffs from major companies partly due to AI, and record-high gold prices. Additionally, the Federal Reserve's expected interest rate cuts have investors optimistic, though some experts warn this may indicate a looming economic slowdown in 2025. In a discussion with economist Judy Shelton, concerns about the Fed's timing in rate cuts and predictions for gold prices post-election are highlighted.
Source: YAHOO
Reported about 1 month ago
US stock futures saw a slight pause as investors analyzed recent earnings results, particularly from Morgan Stanley, in the aftermath of a significant dip influenced by ASML's reduced sales forecast. The major indices remained stable, with the tech-heavy Nasdaq showing a slight gain, while markets are on alert for upcoming earnings reports from companies like Abbott, Alcoa, and Discover Financial. Commodities, particularly gold, continued to rise amid political uncertainties.
Source: YAHOO
Reported about 1 month ago
Morgan Stanley has reported a significant profit increase of 32% in the third quarter, driven by a surge in investment banking activities, including IPOs and mergers. The bank's earnings per share reached $1.88, surpassing analyst expectations, as investment banking revenue rose by 56%. This momentum, fueled by a revival in corporate debt issuance and a favorable market environment, boosted Morgan Stanley’s shares to a record high. The wealth management sector also performed well, contributing to a substantial rise in total client assets.
Source: YAHOO
Reported about 1 month ago
A disappointing sales forecast from ASML Holding NV has resulted in a significant sell-off in global chip stocks, erasing over $420 billion in market value. ASML's shares dropped sharply, impacting major industry players, including Nvidia and Taiwan Semiconductor Manufacturing Company, which also saw declines. The warning revealed sluggish demand beyond artificial intelligence applications, surprising investors and marking one of the largest single-day market capitalization losses in European history.
Source: YAHOO
Reported about 1 month ago
U.S. Bancorp reported net interest income of $4.14 billion in the third quarter, surpassing analysts' expectations of $4.04 billion. The increase was driven by the bank's portfolio of fixed-rate assets, benefiting from higher borrowing costs. This performance aligns with trends seen across the banking sector following recent Federal Reserve policy changes. Despite missing loan estimates, U.S. Bancorp's shares have experienced notable growth this year.
Source: YAHOO
Reported about 1 month ago
The Cybersecurity Association of China (CSAC) has urged for a security review of Intel products sold in China, claiming the U.S. chipmaker poses a threat to the country's national security. CSAC's allegations imply that Intel's products have several vulnerabilities and could be backdoored by the NSA. This call for a review raises concerns about a potential ban on Intel goods, which could impact the company's revenues significantly, especially as over 25% of its earnings come from China.
Source: YAHOO
Reported about 1 month ago
Nvidia shares have dropped from their peak following a disappointing outlook from chip manufacturer ASML, raising concerns about demand outside the AI sector. However, analysis suggests that demand for Nvidia's new Blackwell chip is still strong, leading to speculation that the recent sell-off may be overblown. Brian Sozzi discusses this on today's Opening Bid Market Minute.
Source: YAHOO
Reported about 1 month ago
US mortgage rates have surged for the second consecutive week, reaching 6.52%, the highest since early August. This increase has resulted in a significant decline in both home purchase and refinance activity, with a 7.2% drop in home purchases and a 26% decline in refinancing applications. The rise in rates, driven by strong job growth and persistent inflation, has dashed hopes for a quick recovery in the housing market, which is already struggling with high borrowing costs.
Source: YAHOO
Reported about 1 month ago
The chip sector faces downward pressure due to ASML Holding's disappointing sales forecast and concerns over potential U.S. chip export restrictions. Market attention is shifting towards imminent earnings reports from notable companies, including Morgan Stanley, Abbott, and Discover Financial Services, while key trending tickers feature Intel, LVMH, and Applied Materials.
Source: YAHOO
Reported about 1 month ago
Chinese stocks are nearing a correction, with the CSI 300 index declining nearly 10% from its peak earlier this month. Investor optimism, stirred by recent stimulus measures from the central bank, is fading as the government remains slow to outline further fiscal support. Despite some market fluctuations, uncertainty persists among investors regarding the sustainability of recent gains and the future trajectory of stock prices.
Source: YAHOO
Reported about 1 month ago
Tech continues to lead the market upward, but it is now joined by consumer discretionary, industrials, and financials, all of which have risen about 15% since the recent market low. This broad sector performance stems from significant third-quarter earnings that have supported the major indexes in October, indicating a shift in investment flows among sectors, which is crucial for a healthy bull market.
Source: YAHOO
Reported about 1 month ago
Despite Donald Trump's firm stance on tariffs, there's a surprising lack of pushback from both his supporters and economists about their economic implications. During a recent episode of Capitol Gains, experts discussed how many Americans remain unaware that these tariffs would effectively impose a financial burden on them, with recent polls indicating that half of the population does not view it as a tax. This prompts questions about the broader understanding of economic policies among the electorate and the apparent inaction from Washington.
Source: YAHOO
Reported about 1 month ago
ASML's recent downgrade of its 2025 sales expectations has caused panic among chip investors, leading to a significant drop in chip stock prices. However, analysts suggest that this might reflect overcapacity in chip factories rather than a decline in chip demand. Chipmakers had previously ramped up production capacity during the pandemic but have now paused new orders from ASML as they work through existing stockpiles. Although AI chip demand remains strong, many producers are delaying expansions and new investments due to current efficiencies and market conditions.
Source: YAHOO
Reported about 1 month ago
LVMH shares dropped significantly after the luxury goods giant reported disappointing third-quarter sales, marking its first decline in quarterly sales since the pandemic. The company's weaker performance was attributed to declining demand in China and Japan, impacting the overall luxury sector, where other brands like Kering and Hermes also saw their stocks decline. Investment analysts indicated that the outlook remains challenging for luxury stocks, especially given the economic uncertainty in China.
Source: YAHOO
Reported about 1 month ago
JPMorgan Chase is launching new 'financial center' branches in New York City and San Francisco as part of a strategy to attract wealthy clients with over $750,000 in assets. These centers will feature a concierge banking model, luxurious sitting areas, and unique perks such as complimentary branded umbrellas and gourmet snacks. The initiative aims to enhance the banking experience for the 'mass affluent' demographic, distinguishing itself from traditional branch setups.
Source: YAHOO
Reported about 1 month ago
A recent survey from the London Bullion Market Association predicts that gold prices will rise to $2,917.40 per ounce by late October 2025, marking a 10% increase from current levels. The rise is attributed to gold's popularity as a safe-haven asset and increased central-bank purchases, with the metal already hitting a peak of $2,685 last month. Investors are also watching political influences, especially ahead of the upcoming U.S. presidential elections, as they analyze market dynamics.
Source: YAHOO
Reported about 1 month ago
UK inflation has dropped to 1.7% for the year ending September 2024, marking the first time it has fallen below the government's 2% target since 2021, according to the Office for National Statistics (ONS). This decrease, influenced primarily by lower airfares and petrol prices, comes after inflation peaked at 11.1% in October 2022. Expectations are building for potential interest rate cuts by the Bank of England in response to this significant decline in inflation rates.
Source: YAHOO
Reported about 1 month ago
European equities fell due to disappointing earnings in the luxury sector, particularly from LVMH and Salvatore Ferragamo, alongside concerns in the semiconductor industry. The pound also dropped following lower-than-expected inflation figures, influencing market views on potential interest rate cuts. Conversely, Chinese property stocks surged in anticipation of government measures to support the economy.
Source: YAHOO
Reported about 1 month ago
Gregg A. Lowe, CEO of Wolfspeed, which is set to receive a $750 million CHIPS Act grant, acknowledges that while efforts to reshore semiconductor manufacturing in the US are crucial due to ongoing global economic interdependence, achieving complete independence in chipmaking is unrealistic. He emphasizes the need for a balanced approach that focuses on trade and cooperation amidst the upcoming 2024 presidential election.
Source: YAHOO
Reported about 1 month ago
Ed Yardeni, President of Yardeni Research, forecasts that the S&P 500 could hit 8,000 by the end of the decade, primarily driven by rising earnings. He anticipates that earnings growth will continue, with projections of $250 per share this year increasing to $400 by 2030. Yardeni is particularly optimistic about sectors like technology, industrials, and financials but expresses caution regarding interest-rate-sensitive sectors as he doesn't expect significant drops in interest rates.
Source: YAHOO
Reported about 1 month ago
Kinetic Automation, led by CEO Nikhil Naikal, is innovating electric vehicle (EV) repair services by integrating artificial intelligence and robotics. As cars evolve from mechanical to digital systems, traditional auto repair methods struggle to meet the new challenges. Naikal emphasizes the importance of addressing consumer concerns about EV maintenance, stating that enhancing repair capabilities is crucial for building confidence in electric vehicles alongside charging infrastructure.
Source: YAHOO
Reported about 1 month ago
As the bull market reaches its two-year anniversary, Yahoo Finance experts discuss the S&P 500 index's recent performance and how it stacks up against previous bull markets. Ed Yardeni, president of Yardeni Research, shares insights on the ongoing rally, highlighting key trends and predictions for the future.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
一项来自Resume Builder的调查显示，近五分之一的美国全职员工无视老板发出的返岗令。根据调查，许多员工通过同事帮助进出办公室，或者在周末偷偷打卡来避免被监督。这一现象在混合工作制下最为普遍，达60%的员工未完全遵守规定。员工们认为返岗工作既费时又昂贵，普遍希望公司提供更好的补贴和灵活的工作安排，否则宁愿选择辞职。随着远程工作的普及，许多员工已经在追求更大的工作灵活性。
Source: YAHOO
Reported about 1 month ago
In recent market developments, all three major indexes closed lower with the financial sector leading amid major bank earnings reports. Oil prices are diverging from inflation expectations due to macroeconomic uncertainty, while Bitcoin shows potential for a breakout around $67,000. Expert analysis discusses these key market movements and their implications.
Source: YAHOO