Reported about 2 months ago
Ryan Detrick, Chief Market Strategist at Carson Group, argues that recent market pullback should not be seen as a sign of a bear market, but rather as part of the ongoing bull market. He highlights that the major indexes are recovering from last week's sell-off, and that the inflation data indicates a cooling economy. Detrick believes the lows seen last week will serve as the temporary bottom for this correction, signaling a return to the bull market trend.
Source: YAHOO
Reported about 2 months ago
Evercore ISI's Vice Chairman Krishna Guha highlights the significance of upcoming labor data in determining the Federal Reserve's interest rate cuts, suggesting that better-than-expected labor numbers might result in smaller cuts, while weaker data could lead to more aggressive reductions. He emphasizes that this labor information is pivotal in shaping the Fed's approach in September and beyond.
Source: YAHOO
Reported about 2 months ago
Brent Thill, a senior analyst at Jefferies, shared insights on Yahoo Finance about the U.S. Department of Justice's antitrust actions against Google. He believes a breakup of the company is unlikely and, if it occurs, it could benefit shareholders due to the value of the individual parts exceeding the whole. He noted that increasing competition from companies like Meta and Amazon in the advertising space suggests that a regulatory action may not significantly impact Google's market dominance.
Source: YAHOO
Reported about 2 months ago
Japan's Prime Minister Fumio Kishida has announced his resignation, opting not to pursue a second term, which has led to minor fluctuations in the Nikkei 225 index. Investors are now wary of the potential effects on the dollar-yen carry trade as the Bank of Japan is likely to increase interest rates amidst this leadership change.
Source: YAHOO
Reported about 2 months ago
Micron Technology's stock price increased by 1.5% following Citigroup's reaffirmation of a buy rating and a price target of $175. Despite a slight reduction in revenue and earnings forecasts for 2024 due to DRAM inventory concerns, Citi remains bullish on the stock, noting the potential for a substantial upside given its current price of around $99.
Source: YAHOO
Reported about 2 months ago
The Consumer Price Index (CPI) data released reveals that inflation is cooling and approaching the Federal Reserve's 2% target. This trend across various economic sectors could influence the Fed's future monetary policy decisions, as explained by Yahoo Finance's Fed reporter Jennifer Schonberger.
Source: YAHOO
Reported about 2 months ago
In turbulent market conditions, some investors remain confident in their holdings, especially dividend stocks. This article highlights Realty Income, a real estate investment trust known for its stable income and long-term growth, and Markel, an insurance provider with diverse investments. Both companies are seen as resilient to market fluctuations, making them strong candidates for long-term investment without panic during downturns.
Source: YAHOO
Reported about 2 months ago
Fitbit has teamed up with Peloton to provide its premium members access to Peloton's content. Meanwhile, Flutter Entertainment's stocks are rising as it surpasses profit forecasts for the second quarter and raises its yearly guidance. In contrast, Brinker International's shares are declining following fiscal fourth quarter earnings that, despite exceeding revenue expectations, did not meet market anticipations.
Source: YAHOO
Reported about 2 months ago
Recent Consumer Price Index data shows a decrease in inflation rates, encouraging experts to believe that the Federal Reserve may cut interest rates in September. The CPI rose by 2.9% year-over-year in July, down from 3% in June, while core inflation remained stable at 3.2%. This trend could signal a shift in monetary policy, as traders anticipate a high likelihood of rate cuts, influenced by upcoming economic indicators like the PCE index and labor market reports.
Source: YAHOO
Reported about 2 months ago
Moody’s Chief Economist Mark Zandi argues that the Federal Reserve should have lowered interest rates months ago, citing that inflation is cooling towards the target of 2%, employment levels are favorable with a 4.3% unemployment rate, and the current rate of 5.5% is overly restrictive on the economy. He believes these factors warrant a decrease in the federal funds rate to support economic growth.
Source: YAHOO
Reported about 2 months ago
Mars Inc. has announced a significant acquisition of Kellanova for $35.9 billion, which is known for popular brands like Cheez-Its and Pringles. This move aims to strengthen Mars' position as a global leader in the snacking industry.
Source: YAHOO
Reported about 2 months ago
Planning ahead is crucial for retirees looking to optimize their Social Security benefits. Many retirees face unexpected taxes on their benefits due to their combined income from various sources. To mitigate this, consider making Roth IRA conversions before claiming Social Security, as these conversions do not affect your taxable income. Proper financial planning and possibly consulting a financial planner can help avoid unnecessary taxes and enhance your retirement income.
Source: YAHOO
Reported about 2 months ago
Elliott Investment Management is preparing for a proxy battle at Southwest Airlines, aiming to nominate 10 candidates for the airline's 15-member board. In response, Southwest stated that it has continuously engaged with Elliott in good faith, but Elliott has disregarded these attempts.
Source: YAHOO
Reported about 2 months ago
Laxman Narasimhan, the ousted CEO of Starbucks, will depart with a substantial severance package totaling approximately $10.6 million, including salary and bonuses, despite overseeing a $32 billion drop in the company's market value during his tenure. His potential earnings could be even higher if he negotiates additional agreements or collects unvested equity awards, although his exit raises questions about the circumstances leading to his departure amid declining sales.
Source: YAHOO
Reported about 2 months ago
Economists Nathan Sheets and Nicholas Brooks discuss the July Consumer Price Index report, which showed a 0.2% price rise from June, aligning with expectations and indicating ongoing disinflation. They suggest that while there may be a chance for the Federal Reserve to cut interest rates in September, market expectations for cuts may be overly optimistic despite a generally stable economic outlook.
Source: YAHOO
Reported about 2 months ago
Economist Steve Moore supports Donald Trump's proposal to eliminate federal taxes on Social Security income, arguing it could benefit seniors who continue to work and alleviate their tax burden. Moore suggests that current tax structures penalize older workers, making it difficult for them financially. However, critics warn that this plan could significantly increase the budget deficit and jeopardize Social Security and Medicare trust funds. As the 2024 presidential race heats up, this issue is likely to resonate strongly with senior voters.
Source: YAHOO
Reported about 2 months ago
The recent Consumer Price Index (CPI) indicates a modest increase in prices, prompting shifts in the bond market, particularly with the 10-Year Treasury yield. BlackRock's David Rogal emphasizes that now is an exceptional time to invest in fixed income, foreseeing a possible Federal Reserve rate cut that could steepen yield curves and attract more investments into bonds as cash assets rise. Investors are advised to consider this strategic opportunity.
Source: YAHOO
Reported about 2 months ago
The US Department of Justice is exploring the possibility of breaking up Google following a judge's ruling that the tech giant holds an illegal monopoly in search. Bloomberg reports that this option, along with others, is on the table as a potential solution to address the antitrust concerns surrounding the Alphabet-owned company.
Source: YAHOO
Reported about 2 months ago
In July, inflation trends matched economists' expectations, with the Consumer Price Index (CPI) increasing by 0.2% monthly and 2.9% yearly, slightly below the anticipated 3.0% annual rate. A detailed analysis by Yahoo Finance reporters explores how inflation has influenced essential sectors, including housing, food, and auto insurance.
Source: YAHOO
Reported about 2 months ago
The Consumer Price Index (CPI) for July showed a 0.2% monthly increase and a 2.9% annual rise, aligning with economist expectations. Housing costs surged by 0.4% month-over-month and 5.1% year-over-year, leading to discussions about potential Federal Reserve interest rate cuts. Meanwhile, the Department of Justice has initiated antitrust proceedings against Alphabet, accusing Google of monopolistic practices.
Source: YAHOO
Reported about 2 months ago
In a recent discussion, Kathryn Kaminski, chief research strategist of AlphaSimplex, advises investors to look for opportunities during market crises rather than withdrawing investments. With the stock market experiencing significant fluctuations and recent sell-offs driven by fears of slowing U.S. growth, Kaminski highlights the importance of monitoring data and staying committed to long-term themes like AI. The market's current state reflects classic risk-off indicators, raising concerns about potential recession, prompting advice to maintain diversification in investment strategies.
Source: YAHOO
Reported about 2 months ago
The July Consumer Price Index (CPI) report revealed a 0.2% increase in prices from June and a 2.9% rise compared to the previous year, just below the Bloomberg consensus estimate of 3.0%. Excluding food and energy, prices rose by 0.2% month-over-month and 3.2% year-over-year, aligning with economist forecasts.
Source: YAHOO
Reported about 2 months ago
In July, the US Consumer Price Index rose by 0.2% month-over-month, aligning with economists' expectations amidst increasing energy prices, and recorded a 2.9% annual increase. This marked a slight decrease from June's 3% rise, bringing inflation closer to the Federal Reserve's target of 2%. Following the release of these figures, markets significantly raised their expectations for potential interest rate cuts by the Fed, with a near 100% probability of a cut by the end of September.
Source: YAHOO
Reported about 2 months ago
Generative AI is revolutionizing various industries by improving data handling, productivity, and operational efficiency. In a discussion with DataStax CEO Chet Kapoor, Yahoo Finance Executive Editor Brian Sozzi explores the infrastructure behind AI, its business integration, and concerns about job displacement, highlighting the future prospects of this technology.
Source: YAHOO
Reported about 2 months ago
Nvidia's stock has experienced a significant drop of 23% since its peak, but New Street Research has upgraded its rating from neutral, viewing the recent sell-off as a buying opportunity. The firm has set a price target of $120, suggesting a 15% upside, as Nvidia's strong momentum in the AI sector remains intact, especially with expectations of robust growth in its upcoming earnings report.
Source: YAHOO