Reported about 2 months ago
Nouriel Roubini, a professor at NYU Stern School of Business, argues that former President Trump's economic policies would introduce significant uncertainty and volatility compared to Vice President Kamala Harris's more predictable approach. While Roubini acknowledges that some of Trump's potential policies might benefit the economy, he contends that his proposed measures, particularly regarding trade and monetary policy, could pose serious risks.
Source: YAHOO
Reported about 2 months ago
Shares of Donald Trump’s media firm have plummeted to near-record lows due to disappointing quarterly results and the former president's return to the social media platform X, previously known as Twitter. Trump's diminishing poll numbers and election betting prospects have further impacted the stock, which has lost over half its value since going public. Analysts express concern about the firm's financial stability, especially with the presidential election approaching and potential revenue declines.
Source: YAHOO
Reported about 2 months ago
Duke University professor Dan Ariely discusses how understanding the psychological impact of spending can help consumers manage their finances better. By analyzing their spending habits, individuals can identify which expenditures bring happiness and which lead to regret, such as overspending while dining out. Ariely emphasizes the importance of mindful spending to alleviate financial stress amidst rising inflation.
Source: YAHOO
Reported about 2 months ago
Mahoney Asset Management CEO Ken Mahoney recommends investors focus on large-cap stocks as inflation cools, suggesting that small-cap stocks show limited potential. He highlights the disparity between the performance of the Nasdaq and the Russell 2000, indicating that many small-cap companies are unprofitable, while large-cap stocks continue to outperform.
Source: YAHOO
Reported about 2 months ago
Walmart is expected to post solid growth for fiscal 2025 Q2, with revenue projected to increase by 4.23% to $168.46 billion and adjusted earnings per share rising by 5.22% to $0.65. The retailer continues to attract consumers with value offerings, especially in groceries, which account for about 60% of its U.S. sales. Analysts predict an increase in same-store sales and believe Walmart's strong grocery business will continue to drive customer traffic and spending.
Source: YAHOO
Reported about 2 months ago
Financial expert Dave Ramsey urges retirees to consider taking Social Security benefits at 62, provided they invest the payments wisely. While this advice diverges from traditional opinions favoring delayed benefits for a larger payout, Ramsey believes investing early can yield greater returns. However, critics warn that this strategy may not suit everyone, as many depend on timely benefits for living expenses rather than investment opportunities, highlighting the need for personalized financial planning.
Source: YAHOO
Reported about 2 months ago
Retirement savings are a vital concern, requiring early attention to prevent the risk of depleting funds later. Anne F. Ackerley, a senior advisor at BlackRock, discusses Americans' growing confidence in their retirement savings, particularly among younger generations like Gen Z, while noting the apprehensions of Gen X. Despite market volatility, Ackerley advises a steady approach to investments without trying to time the market.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
IMAX CEO Richard Gelfond highlights the resurgence of the traditional movie industry as summer box office hits like 'Deadpool and Wolverine' and 'Inside Out 2' dominate the scene. He notes that despite the rise of streaming during the pandemic, audiences are now returning to cinemas, and IMAX is committed to enhancing theatrical experiences with various events. With an increasing number of films being shot in IMAX, he is optimistic about the future of cinema.
Source: YAHOO
Reported about 2 months ago
In response to the Consumer Price Index for July meeting expectations, U.S. equities showed mixed movements, with the Dow Jones Industrial Average climbing alongside the S&P 500, while the Nasdaq Composite fell. The data raises anticipation for a potential interest rate cut by the Federal Reserve in September, and investors are closely watching Cisco's quarterly earnings report.
Source: YAHOO
Reported about 2 months ago
The July 2024 Consumer Price Index shows inflation for the year is below 3%, but essential costs for seniors—like groceries, healthcare, and housing—are increasing faster than the overall rate. Yahoo Finance's Kerry Hannon reveals how this may affect Social Security benefits in 2025, potentially leading to a 2.6% increase based on inflation data. The decision will depend on additional economic reports from August and September.
Source: YAHOO
Reported about 2 months ago
Two prominent real estate investment trusts (REITs) recently announced dividend increases, reflecting strong financial health and stable cash flow. Federal Realty Investment Trust raised its dividend by 0.9%, marking its 57th consecutive annual increase, while Terreno Realty Corporation announced an impressive 8.9% hike in its dividend, maintaining a consistent growth trend since its IPO in 2011.
Source: YAHOO
Reported about 2 months ago
As gold prices surge and global gold ETF assets hit a record high, strategist Robert Minter recommends investing in gold ETFs ahead of anticipated interest rate cuts by the Federal Reserve. Historically, gold prices have significantly risen during previous rate cut cycles, prompting many investors to consider this a strategic time to enter the gold market.
Source: YAHOO
Reported about 2 months ago
As the Federal Reserve's September meeting approaches, there is increasing anticipation of an interest rate cut, driven by the bank nearing its 2% inflation target. This shift could significantly impact various financial areas, and Yahoo Finance's Alexandra Canal discusses how it may affect individual finances, highlighting the implications of inflation and potential market responses.
Source: YAHOO
Reported about 2 months ago
July's Consumer Price Index (CPI) data reveals that used car prices have decreased by 10.9% compared to the previous year, reflecting a broader trend of declining prices in the automotive sector. This aligns with economists' expectations and indicates a cooling market for both new and used vehicles, prompting an analysis of the underlying factors.
Source: YAHOO
Reported about 2 months ago
UBS shares rose significantly after announcing a net profit of $1.1 billion for the second quarter, surpassing Wall Street expectations. The growth was partly attributed to the successful consolidation with Credit Suisse, as discussed by hosts Seana Smith and Madison Mills.
Source: YAHOO
Reported about 2 months ago
The Justice Department is reportedly considering a breakup of Google following a recent antitrust ruling that found the tech giant monopolizes online search. Former Assistant Attorney General Bill Baer comments on the case, describing it as strong and akin to a criminal trial, emphasizing the need for remedies that restore market fairness. Possible actions include requiring Google to share user data with competitors, divesting parts of its business, such as Android or Chrome, to create better competition opportunities.
Source: YAHOO
Reported about 2 months ago
Cardinal Health's stock rose after the company exceeded expectations in its fourth-quarter results, with revenue increasing 12% year-over-year to $59.87 billion. CFO Aaron Alt highlighted ongoing momentum, growth in pharmacy and medical distribution, and confidence in their partnership with CVS Health. Despite acknowledging inflation as a persistent challenge, Alt expressed optimism about the company's future strategy to collaborate with suppliers and consumers to mitigate impacts.
Source: YAHOO
Reported about 2 months ago
Egg prices have risen nearly 20% since last year, with a 5.5% monthly increase reported. This spike is attributed to supply chain issues, particularly from avian flu impacts and rising costs in grain, transportation, and labor, according to Pete & Gerry’s CEO, Tom Flocco.
Source: YAHOO
Reported about 2 months ago
July's Consumer Price Index indicates a monthly rise of 0.2% and a yearly increase of 2.9%, aligning with economists' predictions but falling short of the 3.0% annual estimate. Despite these numbers, shelter costs continue to be a concern for American consumers. Yahoo Finance's Dani Romero discusses the implications for renters and homebuyers in a recent episode of Wealth!
Source: YAHOO
Reported about 2 months ago
In July, used car prices experienced a notable decline of 2.3% month-over-month and a significant 10.9% year-over-year, reflecting a reduction of nearly 20% since the pandemic peaks in February 2022. The automotive market is returning to normal as inventories build up, leading to lower prices for both new and used vehicles. While this decline benefits consumers, it poses challenges for dealers, although some signs of stable demand in the used car sector remain.
Source: YAHOO
Reported about 2 months ago
Nouriel Roubini, known as 'Dr. Doom,' provides his analysis on the recent Consumer Price Index data indicating cooling inflation, suggesting the Federal Reserve may soon cut interest rates. While he acknowledges rising recession risks due to softening in manufacturing and parts of the labor market, he maintains a baseline expectation for a soft landing, asserting that the economy is cooling but not contracting significantly. Roubini anticipates that unless forthcoming employment data is significantly poor, the Fed might start reducing rates in September.
Source: YAHOO
Reported about 2 months ago
Former Google CEO Eric Schmidt expressed concern over the company's emphasis on work-life balance at the expense of innovation during a talk at Stanford University, attributing Google's struggles in the AI sector to its remote work policy. He argued that success in tech requires a more rigorous in-office presence, contrasting Google's approach with the hustle seen in startups like OpenAI.
Source: YAHOO
Reported about 2 months ago
The July Consumer Price Index report showed an increase in shelter costs, climbing 0.4% month-over-month, contributing nearly 90% to the overall inflation rise. Despite expectations of easing rent inflation, both rent and owners' equivalent rent rose, raising concerns among economists about persistent housing cost pressures. Observers indicate that while shelter inflation may eventually decline, it may take significant time to reflect on standard inflation measures.
Source: YAHOO
Reported about 2 months ago
For income investors, dividends are crucial for generating cash flow from investments. Shell (SHEL), an oil and gas company, currently has a dividend yield of 3.81%, surpassing industry and S&P averages. With an annualized dividend increase of 11.2% over the past year and a solid earnings growth estimate of $8.63 per share for 2024, Shell presents a compelling investment opportunity. However, investors should be wary of high-yield stocks during rising interest rates.
Source: YAHOO