Reported about 2 months ago
Market strategist Tim Murray discusses the labor market's troubling trends, as recent Consumer Price Index data met expectations, boosting confidence in a potential Federal Reserve rate cut. He emphasizes the need for the Fed to adopt a forecast-dependent approach while acknowledging that although the labor market seems stable now, there are concerning signs that could have future implications.
Source: YAHOO
Reported about 2 months ago
Recent data from the US Bureau of Labor Statistics indicates that inflation is cooling, aligning with economist forecasts. This report discusses how the latest Consumer Price Index (CPI) aligns with the Federal Reserve's target of 2% inflation and analyzes inflation trends over the past three months.
Source: YAHOO
Reported about 2 months ago
A U.S. judge has indicated that he will order Google to provide Android users with more options for downloading apps, responding to allegations of monopolistic practices in an antitrust case brought by Epic Games, the creator of 'Fortnite.' Judge James Donato expressed his intention to implement reforms that enhance flexibility for users and developers, despite Google's objections regarding the complexities involved. He emphasized the need to foster competition by allowing access to third-party app stores and maintaining oversight to ensure compliance with the forthcoming injunction.
Source: YAHOO
Reported about 2 months ago
Polestar has commenced production of its Polestar 3 SUV in South Carolina, a move designed to circumvent tariffs on Chinese-made electric vehicles. CEO Thomas Ingenlath emphasized that this production plan was established years ago as part of a broader strategy to localize manufacturing, ensuring their all-electric SUV fits the U.S. market. The Polestar 3, priced starting at $74,400, will not face tariffs, marking a significant milestone for the company as it aims for a stronger presence in the luxury electric vehicle segment.
Source: YAHOO
Reported about 2 months ago
Stocks rallied as the July Consumer Price Index indicated a continued decline in inflation, boosting hopes that the Federal Reserve may cut interest rates during its September meeting. Despite the positive market sentiment, there remains uncertainty regarding the extent of the potential rate cut. Yahoo Finance's Alexandra Canal explores the trading dynamics and concerns in the technology sector.
Source: YAHOO
Reported about 2 months ago
Recent Consumer Price Index data indicates that shelter inflation remains strong, posing challenges for the Federal Reserve's rate cut strategy. Economist José Torres emphasizes that while certain sectors like gasoline and transportation showed declines, overall inflation is stagnating around 3%. He predicts fewer rate cuts than anticipated by the market, suggesting a cautious approach similar to the European Central Bank.
Source: YAHOO
Reported about 2 months ago
A Redditor shares insights into earning $4000 monthly through dividends from an initial investment of $150,000. The article details various high-yield covered call ETFs and their income strategies, including notable funds like the YieldMax AI Option Income Strategy ETF and the S&P 500 Enhanced Options Income ETF, highlighting the potential for significant returns despite the inherent risks.
Source: YAHOO
Reported about 2 months ago
As the trading day ends on August 15, 2024, investors should pay attention to Walmart and other major retailers releasing their quarterly earnings, along with the anticipated US retail sales growth of 0.4% for July. Additionally, the Federal Reserve is expected to provide insights on upcoming rate decisions, while mortgage rates updates from Freddie Mac will also be made public.
Source: YAHOO
Reported about 2 months ago
Mars has unveiled plans to acquire Kellanova for $36 billion, which BofA Securities analyst Peter Galbo believes is a strategic move that enhances Mars' snack portfolio by adding salty products, allowing them to compete more globally. Despite challenges in the snack sector, Kellanova has seen positive growth, making this acquisition timely and insightful for investors seeking opportunities in the snacking industry.
Source: YAHOO
Reported about 2 months ago
Despite beating earnings expectations and providing a positive outlook, analyst William Kerwin describes Cisco Systems as not being 'a true AI play.' He highlights their strengths in networking infrastructure but suggests that AI initiatives will only contribute modestly to overall business performance.
Source: YAHOO
Reported about 2 months ago
DraftKings has decided to drop its proposed betting surcharge for winning bets in high-tax states following Flutter Entertainment's (parent of FanDuel) rejection of the idea during its earnings call. The move comes amidst a positive earnings report for Flutter, which has led to a rise in its stock. Market analysts continue to explore the implications of state tax policies on sports betting.
Source: YAHOO
Reported about 2 months ago
Intel has sold its stake of 1.18 million shares in Arm Holdings, with the sale generating nearly $147 million, as indicated by a regulatory filing. This move is part of Intel's efforts to reduce costs and strengthen its financial position.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
Electric vehicle company Polestar has begun manufacturing its Polestar 3 EV model in Charleston, South Carolina, at Volvo's plant. This decision is part of their strategy to avoid tariffs on vehicles made in China, with Polestar CEO Thomas Ingenlath emphasizing the importance of local production for US consumers.
Source: YAHOO
Reported about 2 months ago
Serve Robotics is making significant strides in the food delivery sector, having seen its stock rise nearly 400% in a month, despite being down over 50% since its IPO. The company has announced a collaboration with Shake Shack to deliver meals through Uber Eats and plans to deploy over 2,000 delivery robots nationwide. Currently, 100 robots operate in Los Angeles, and CEO Ali Kashani claims these robots are completing deliveries more effectively than human couriers.
Source: YAHOO
Reported about 2 months ago
Cisco Systems exceeded earnings expectations for its fiscal fourth quarter, reporting adjusted earnings of $0.87 per share and revenue of $13.64 billion. However, the company forecasted potential job cuts ahead while projecting annual revenue between $55.0 billion and $56.2 billion.
Source: YAHOO
Reported about 2 months ago
In a recent discussion, Steven Rattner of Willett Advisors indicated that the US economy is showing signs of slowing down, despite a 2.9% rise in the Consumer Price Index in July, marking the lowest increase since 2021. He suggested that the Federal Reserve has the opportunity to cut interest rates, but whether this slowdown signifies the onset of a recession is still uncertain. Rattner emphasized the difficulty in predicting economic shifts, cautioning that the actual transition into or out of recession may only be recognized after significant developments have occurred.
Source: YAHOO
Reported about 2 months ago
The stock market closed higher on Wednesday, driven by encouraging July inflation data suggesting a decrease in consumer prices. Major indices like the Dow Jones Industrial Average surpassed the 40,000 mark, and the report had a positive effect on market sentiment.
Source: YAHOO
Reported about 2 months ago
In 2024, the definition of being 'rich' encompasses not just financial wealth but also lifestyle and mindset. Generally, to be in the top 20% of earners in the U.S., one needs an income around $130,545, varying by state. A net worth of about $2.2 million is perceived as rich, down from $2.6 million in 2020. Wealth distribution reveals that the top 10% control about $6.7 million, while the bottom 50% only average $50,000. Ultimately, a combination of income, net worth, location, and a healthy mindset defines true wealth today.
Source: YAHOO
Reported about 2 months ago
Mars Inc., led by the secretive Mars family, has finalized its largest acquisition yet, a $36 billion deal for Kellanova, a snack and cereal producer, reflecting its strategy of long-term, low-pressure investments. The privately-held company, known for M&Ms and Pedigree pet food, has been expanding through acquisitions for decades, significantly growing its net sales from $10 billion in 1996 to over $50 billion today. Despite the risks involved, Mars is positioned to navigate regulatory challenges and leverage its substantial cash reserves to pursue its ambitious growth plans.
Source: YAHOO
Reported about 2 months ago
Victoria's Secret announced the appointment of Hillary Super as its new CEO, effective September 9. Super, who previously served in an executive role at Savage X Fenty, will take over from Martin Waters to help the company address declining sales.
Source: YAHOO
Reported about 2 months ago
Hedge fund manager Michael Burry, known for his 2008 housing market bet, has raised his stake in Alibaba Group while reducing his overall stock portfolio by nearly 50%. Burry's firm, Scion Asset Management, reported an increase in Alibaba holdings to $11.2 million and expanded positions in sectors like financial services and healthcare, concurrently exiting several previous investments.
Source: YAHOO
Reported about 2 months ago
Ed Yardeni, a veteran market strategist, predicts that the Federal Reserve will only implement one interest rate cut this year as the US economy remains robust. Despite market speculation for multiple rate reductions, Yardeni believes the strength of the economy and receding inflation do not warrant aggressive cuts. He expects job growth to rebound and inflation to align with the Fed's targets by year-end, making substantial easing unnecessary.
Source: YAHOO
Reported about 2 months ago
Amid significant market fluctuations in August, Ryan Detrick, Chief Market Strategist at The Carson Group, expresses confidence in the ongoing bull market, asserting that there are no signs of a recession. He discusses the impact of seasonality on market performance and reassures investors, emphasizing a positive outlook.
Source: YAHOO
Reported about 2 months ago
In a recent episode of Financial Freestyle, Lee Moulton from The Mansa Fund shared his top three strategies for effectively scaling a business with Ross Mac. He emphasized the importance of having a clear vision, securing adequate capital, and surrounding oneself with the right people to ensure success.
Source: YAHOO