Reported about 2 months ago
Nvidia's stock is drawing significant investor interest, nearing a record high and on track to potentially surpass Apple as the most valuable company on Wall Street. Concurrently, Trump Media and Technology Group is experiencing a stock rally driven by speculation surrounding former President Donald Trump's potential victory in the upcoming elections. Trending tickers alongside Nvidia include Upstart Holdings, McDonald's, and SoFi Technologies.
Source: YAHOO
Reported about 2 months ago
This Halloween, candy prices are frighteningly high due to a 14% drop in cocoa production and a staggering 120% increase in cocoa prices year-over-year. Candy manufacturers are struggling to cope with these increased costs as they try to maintain prices for consumers. Senior Yahoo Finance reporter Brooke DiPalma discusses how companies are adapting to these market challenges.
Source: YAHOO
Reported about 2 months ago
Some employers are increasingly providing support for employees facing student loan debt, empowered by new legislation allowing companies to match student loan payments with 401(k) contributions. This innovative approach helps employees balance loan repayment while saving for retirement, although direct contributions to loans are less common. Job seekers are encouraged to inquire about such benefits from their employers, emphasizing the importance of these supports in today's competitive job market.
Source: YAHOO
Reported about 2 months ago
IBM is investigating allegations of misconduct against its China head, Chairman Chen Xudong, following a letter that claims he accepted gifts from business partners and leaked confidential information. A spokesperson confirmed the investigation and stated IBM treats such allegations seriously. The inquiry comes amidst rising operational tensions for the company in China.
Source: YAHOO
Reported about 2 months ago
Ken Mahoney, CEO of Mahoney Asset Management, discusses strategies for identifying earnings winners during the earnings season. He emphasizes the importance of investing in companies that beat estimates and raise guidance, warning against those that miss earnings expectations. Highlighting companies like Nvidia, Apple, Microsoft, and Walmart, he advocates for focusing on consistent performers in the technology sector and avoiding stocks that appear cheap after earnings misses, as they can be trap investments.
Source: YAHOO
Reported about 2 months ago
In a recent episode of her podcast, Suze Orman addressed a listener's complicated plan to roll over $1.6 million from a pretax 401(k) to a Roth IRA over ten years, cautioning that the strategy could lead to unexpected tax liabilities. The listener, Gina, intended to minimize immediate tax payments but Orman clarified that any conversion from a pretax to a Roth account incurs taxes at the time of conversion. She advised Gina to consider converting smaller amounts directly to the Roth IRA and pay taxes with savings instead, emphasizing the importance of understanding tax implications before executing such strategies.
Source: YAHOO
Reported about 2 months ago
Recent data from Kelley Blue Book indicates that electric vehicle (EV) sales have hit a new high, experiencing an 11% increase year-over-year in the third quarter of 2024. Auto reporter Pras Subramanian analyzes the driving factors behind this growth in EV adoption.
Source: YAHOO
Reported about 2 months ago
Analyst Ming-Chi Kuo predicts Qualcomm will see a 50% increase in shipments of its Snapdragon 8 Gen 4 chips, reaching 9 million units by the end of 2024, driven by strong demand from companies like Samsung and favorable market trends in Chinese smartphone sales. This surge is expected to significantly boost Qualcomm's revenue and profit during the fourth quarter of 2024.
Source: YAHOO
Reported about 2 months ago
Dina Caggiula from Vanguard provides a simple three-step approach to retirement savings: understand your plan, choose a comfortable contribution rate, and develop a personalized investment strategy. She highlights the necessity of addressing high-interest debt and establishing an emergency fund before focusing on retirement savings. This tailored method aims to help individuals secure their financial futures.
Source: YAHOO
Reported about 2 months ago
In a recent episode of Financial Freestyle, personal finance educator Jamila Souffrant shares her transformative journey from feeling unfulfilled in a corporate job to discovering the FIRE (Financial Independence Retire Early) movement. Born in Jamaica, Souffrant impressed by her rapid savings of $169,000 in two years with her husband, created the blog 'Journey to Launch' to document her quest for financial independence. Through her experiences and insights, she encourages others to be honest about what truly matters to them on their path to financial freedom.
Source: YAHOO
Reported about 2 months ago
Goldman Sachs has raised its forecast for China's economic growth due to recent government stimulus measures aimed at revitalizing the economy. The bank now projects a GDP growth of 4.9% for the year, up from 4.7%, and anticipates a 4.7% growth rate in 2025. Recent comments from officials hint at further fiscal spending, especially in the troubled property sector, which could lead to a larger stimulus package, boosting optimism in the stock market.
Source: YAHOO
Reported about 2 months ago
Trump Media & Technology Group's stock (DJT) surged nearly 9% following a positive shift in betting markets favoring Donald Trump's chances in the upcoming election. The company also launched its Truth+ TV streaming service on Monday. Despite previous polling indicating Kamala Harris in the lead, Trump's recent rally appearances, supported by figures like Elon Musk, appear to have boosted his campaign momentum. DJT's stock has been volatile since its public debut, currently trading around $27 per share, giving it a market cap of about $5.5 billion.
Source: YAHOO
Reported about 2 months ago
Following the lukewarm sales of the iPhone 16, analysts have mixed views on Apple's outlook. While recent reports indicate that demand for the standard iPhone 16 models has been lacking, investment firms like JP Morgan and Evercore remain optimistic. They predict that Apple is poised to surpass lowered expectations in its upcoming quarterly report, buoyed by anticipated momentum from its Pro models and bolstered by strong demand for upgrades in the U.S. market.
Source: YAHOO
Reported about 2 months ago
Yahoo Finance's Josh Lipton explores the world of small-cap investing, comparing the performance of small-cap stocks to mid- and large-cap stocks. He highlights the annual trends of small-cap stocks and emphasizes the current valuations as a promising entry point for new investors.
Source: YAHOO
Reported about 2 months ago
A recent Census Bureau report highlights that 25% of Americans are struggling with housing costs, raising concerns about the affordability of homeownership. Yahoo Finance Housing Reporter Dani Romero examines the various factors behind this distressing trend.
Source: YAHOO
Reported about 2 months ago
KB Home and Lennar, two major U.S. homebuilders, reported lower-than-expected net orders in their Q3 results, raising alarms about the weak housing demand facing the market. Yahoo Finance's Dani Romero discusses these developments.
Source: YAHOO
Reported about 2 months ago
In a recent analysis, Anthony Pompliano suggests that Tesla's new autonomous vehicles and robots may pave the way for a broader use of stablecoins. During Tesla's Robotaxi Day, CEO Elon Musk showcased innovations like driverless Cybercabs and Optimus humanoid robots. Pompliano emphasizes that as automation integrates with our daily transactions, stablecoins could become the preferred digital currency for easier and more efficient payment processing, contrasting with Bitcoin, which many might hold as a store of value.
Source: YAHOO
Reported about 2 months ago
An investor shares his journey of doubling his passive income to $1,000 a month in just six months by strategically investing in high-yield dividend stocks. With an initial investment of approximately $200,000, his portfolio has grown significantly by focusing on stocks with consistent dividends and strong fundamentals, such as Altria, Arbor Realty Trust, and Realty Income. The article discusses his stock-picking strategies and provides insights into the top eight dividend stocks that contributed to his success.
Source: YAHOO
Reported about 2 months ago
U.S. stocks surged toward new record highs on Monday, driven by a significant rally in technology shares, particularly Nvidia, which saw an increase of over 3%. The S&P 500 and Dow Jones Industrial Average also rose, with the S&P eyeing fresh records after closing above 5,800 for the first time. Meanwhile, Bitcoin and Ethereum prices spiked, contributing to gains across cryptocurrency-related stocks. Furthermore, earnings reports from major banks and ongoing discussions about potential rate cuts by the Federal Reserve are closely watched as the earnings season unfolds.
Source: YAHOO
Reported about 2 months ago
Netflix is expected to report strong third quarter earnings, with revenue forecasted at $9.77 billion and adjusted earnings per share at $5.16. Annandale Capital’s George Seay emphasizes the company's status as 'the 800-pound gorilla' of streaming, asserting its significant pricing power and exceptional execution compared to its inept competitors. He suggests that while Netflix is a must-own stock, potential investors may have opportunities to enter the market post-correction.
Source: YAHOO
Reported about 2 months ago
Trump Media & Technology Group, the company behind Truth Social, has experienced a remarkable stock recovery, surging over 120% since hitting a record low in September. This rebound is primarily driven by growing perceptions of Donald Trump's chances to win the presidential election, appealing to investors wagering on election outcomes. Despite skepticism about the company's long-term value, the stock's volatility has attracted attention in the market.
Source: YAHOO
Reported about 2 months ago
Yahoo Finance discusses how if elected, Vice President Kamala Harris could inherit President Biden's improved economic performance, recently graded from a B+ to an A. Experts highlight Biden's successes in job creation and GDP growth compared to previous administrations, raising questions about whether voters will credit Harris with these achievements and how her campaign aligns with Biden's legacy.
Source: YAHOO
Reported about 2 months ago
Recent options trading for Nvidia suggests a promising surge in stock performance as the company enters the fourth quarter of 2024 and the first quarter of 2025. David Boole, managing director at aCrest, noted on Yahoo Finance that seasonal trends and a significant increase in call options indicate a potential rally, reminiscent of Nvidia's strong performances in previous years. This influx of call buying could compel dealers to buy more stock, further fueling the anticipated growth.
Source: YAHOO
Reported about 2 months ago
Boeing has reported a larger-than-expected loss for Q3 and plans to cut around 17,000 jobs, about 10% of its workforce. This news comes as the company navigates a strike by the International Association of Machinists that has extended beyond one month, highlighting the significant difficulties the aerospace manufacturer is encountering.
Source: YAHOO