Reported about 2 months ago
A recent analysis reveals that the ongoing strike by 33,000 Boeing workers has already resulted in nearly $5 billion in losses, affecting not only the company but also its suppliers and customers. Boeing's production has ceased since the strike began on September 13, 2024, with significant financial repercussions spilling over to Seattle-area businesses. CEO Kelly Ortberg acknowledged the challenges facing the company, as it will lay off 10% of its workforce amid this crisis. Although negotiations with the union have stalled, both sides express a desire to reach a resolution.
Source: YAHOO
Reported about 2 months ago
Significant changes to Social Security benefits are set for 2025, including a 2.5% cost-of-living adjustment (COLA) aimed at helping retirees cope with inflation, alongside an increase in the earnings-test limit. This allows retirees to earn up to $23,400 without affecting their benefits, encouraging part-time work without financial penalties. These updates can enhance financial security for many older Americans.
Source: YAHOO
Reported about 2 months ago
Bitcoin surged to a two-week high as traders reacted to China's uncertain fiscal stimulus, favoring cryptocurrencies over Chinese stocks. The largest digital asset rose nearly 2.8% before settling around $63,890, with other tokens like Ether and Solana also gaining. Economic uncertainties in China and the potential influence of the U.S. presidential election, particularly rising prospects for pro-crypto candidate Donald Trump, fueled this bullish sentiment.
Source: YAHOO
Reported about 2 months ago
Oil prices fell following a lackluster briefing from China's Finance Ministry, which failed to unveil significant new measures to stimulate consumption. While Brent crude dropped nearly 2% before recovering to around $78, concerns remained over rising tensions between Israel and Iran, particularly the potential impacts on oil supply from the region. Market analysts predict that oil prices may stabilize within a limited range despite these geopolitical stresses.
Source: YAHOO
Reported about 2 months ago
Asian stock markets experienced a rise on Monday, with notable gains in China, where shares climbed over 1% following the finance minister's comments about the necessity for additional economic stimulus. While there is anticipation for a detailed stimulus plan, market analysts are cautious about the lack of concrete information. Meanwhile, U.S. stocks reached record highs, driven by strong profits reported by large banks, juxtaposed against minor fluctuations in energy prices.
Source: YAHOO
Reported about 2 months ago
China's latest stimulus measures have led to a volatile response in its stock markets, with investors uncertain due to the lack of specific financial commitments despite policies aimed at supporting the struggling economy. While stocks in mainland China showed some gains, Hong Kong shares drooped. The week's upcoming economic data releases, including third-quarter growth figures, may influence market sentiments further.
Source: YAHOO
Reported about 2 months ago
Chinese stocks managed to extend gains following a tumultuous morning session, fueled by optimism regarding government fiscal support, even as deflationary pressures lingered. The CSI 300 Index saw a 2.4% rise, overcoming earlier losses. Although there are indications of increased fiscal measures and government borrowing to boost the property sector, some investors remain cautious, anticipating potential slowdowns ahead before any significant stimulus materializes.
Source: YAHOO
Reported about 2 months ago
Source: WSJ
Reported about 2 months ago
Chinese shares showed volatility but ultimately advanced as investors digested the government's recently announced growth revival measures. Despite the positive movement, concerns linger about the adequacy of these measures, particularly in stimulating the real estate sector. The market anticipates further details from upcoming policy briefings, with a watchful eye on fiscal stimulus amounts expected to be substantial. Meanwhile, global markets remained mixed as economic indicators from Europe and other regions influenced trader sentiment.
Source: YAHOO
Reported about 2 months ago
Tesla's stock dropped 10% after a lackluster presentation of its robotaxi concept, featuring two-seater Cybercabs designed for autonomous operation. Investors were unimpressed by the event, likening the vehicle demonstrations to a dull amusement ride, and criticized the absence of a detailed execution strategy. Analyst skepticism about Tesla's ability to launch a profitable robotaxi network by 2026 or 2027, alongside a rise in Uber's stock, suggests ongoing confidence in traditional ride-hailing services despite advancements in autonomous technology.
Source: YAHOO
Reported about 2 months ago
Source: BARRONS
Reported about 2 months ago
On Monday, oil prices fell significantly, erasing nearly all the gains from the previous week due to declining inflation rates in China, raising worries about fuel demand from the world's largest crude importer. Brent crude futures dropped by $1 to $78.04 per barrel, while U.S. West Texas Intermediate crude fell 1.3% to $74.56 per barrel, as uncertainty surrounding China's economic stimulus measures contributed to a bleak outlook for consumption.
Source: YAHOO
Reported about 2 months ago
Legendary investor Bill Gross offers a balanced outlook on the current stock market, which is buoyed by strong earnings and falling inflation. He suggests investors hold defensive, high-yielding stocks while expressing concerns about overvaluations and potential market hurdles. Gross recommends Allete, oil and gas pipeline partnerships, Annaly Capital Management, and DWS Municipal Income Trust as attractive investment options.
Source: YAHOO
Reported about 2 months ago
Taiwan Semiconductor Manufacturing Co (TSMC) is projected to report a 40% jump in its third-quarter profits due to soaring demand for AI chips, with an expected net profit of T$298.2 billion ($9.27 billion) for the quarter ending September 30, compared to T$211 billion in the same period last year. Major clients like Apple, Nvidia, AMD, and Qualcomm are launching new products leveraging TSMC’s advanced technologies, significantly boosting the company's revenue and stock performance.
Source: YAHOO
Reported about 2 months ago
Analysts have mixed reactions to AMD's recent 'Advancing AI 2024' event, which showcased new products like the 5th Generation EPYC processors and MI325X accelerators. While expectations were initially high, many analysts noted a lack of surprises and have adjusted their price targets, with Oppenheimer expressing caution and Piper Sandler maintaining a positive outlook. Despite current stock performance issues, AMD's growth opportunities in the AI and data center markets remain promising.
Source: YAHOO
Reported about 2 months ago
Source: INVESTORS
Reported about 2 months ago
Nvidia, a dominant player in artificial intelligence, faces a mixed outlook for the next five years. While its H100 GPU continues to drive sales, the impending release of the Blackwell GPU and rising capital spending from big tech firms are promising. However, growing competition and the potential shift towards in-house chip designs by major customers may pressure Nvidia's pricing and profit margins in the long term, possibly leading to underperformance compared to its peers.
Source: YAHOO
Reported about 2 months ago
After losing her mother, who had $17,000 in credit-card debt, a daughter is frustrated by relentless creditor calls and the uncertainty about her responsibility for her mother's debts or the potential sale of her home. She learns that, under certain conditions, she may not have to sell her inheritance to settle these debts and seeks guidance on navigating probate and estate matters.
Source: YAHOO
Reported about 2 months ago
A woman reveals her mother-in-law illegally withdrew $25,000 from her husband's emergency fund using a power of attorney. Instead of acknowledging this theft, the in-law demanded gifts for her birthday, leading the couple to donate to charity instead. Tensions rise as they try to manage financial boundaries and protect themselves from further unauthorized access.
Source: YAHOO
Reported about 2 months ago
TPG Telecom has agreed to sell its fibre and fixed network infrastructure, including Vision Network, to Vocus for A$5.25 billion (approximately $3.54 billion). This transaction allows Vocus to enhance its enterprise and government services, while TPG will retain its mobile and retail operations. The sale, expected to yield between A$4.65 billion and A$4.75 billion in net cash, follows previous negotiations between the two companies and comes amid TPG's recent regulatory challenges.
Source: YAHOO
Reported about 2 months ago
Barclays has raised its price target for MicroStrategy from $173 to $225 while maintaining an Overweight rating. The firm believes that despite elevated bitcoin prices, MicroStrategy is well-positioned to enhance its bitcoin yield and expand its financial reserves, reflecting recent market dynamics.
Source: YAHOO
Reported about 2 months ago
Source: YAHOO
Reported about 2 months ago
Investors are hedging against potential crude price spikes as palm oil futures surge, alongside a growing interest in gold exchange-traded funds amidst geopolitical uncertainties and interest rate cuts. Key insights show that Brent call options are at a record high, significant investments are needed for renewable energy, natural gas futures have dropped, and gold ETFs have seen notable inflows despite overall selling this year.
Source: YAHOO
Reported about 2 months ago
China's recent Finance Ministry briefing failed to meet investor expectations, leaving them unsatisfied and concerned about the ongoing market volatility. Despite promises of support for the struggling property sector and hints at increased government borrowing, no substantial fiscal stimulus figures were presented. Market analysts had anticipated a fiscal package of up to 2 trillion yuan, but the lack of new incentives may exacerbate investor unease as the stock market experiences profit-taking and declines.
Source: YAHOO
Reported about 2 months ago
Chinese automaker GAC is considering manufacturing electric vehicles (EVs) in Europe to avoid impending EU tariffs. With plans to launch an electric SUV at the Paris Auto Show, GAC's international business general manager expressed optimism about overcoming tariff impacts and emphasized local production as a potential solution. The company aims to sell 500,000 vehicles overseas by 2030, starting with a compact SUV expected in mid-2025.
Source: YAHOO