Reported 2 months ago
Despite July's disappointing jobs report, the labor market is being described as 'considerably healthy' by experts. Although job openings and hiring rates have slowed, there are signs of resilience including increased productivity and wages growing faster than inflation. The unemployment rate, while elevated, is still considered healthy, with indications that sectors like healthcare and government are experiencing significant labor exchange.
Source: YAHOO
Reported 2 months ago
Australia's iron ore industry, crucial to its economy and worth $91 billion in exports, faces increasing threats from extreme heat as temperatures record highs in the Pilbara region. Mining companies like Rio Tinto and BHP predict significant rises in the number of extreme heat days, impacting worker safety and operational reliability. As climate risks grow, mining firms are investing in technology and strategies to protect employees and maintain their operations in challenging conditions.
Source: YAHOO
Reported 2 months ago
Recent weeks have seen a decline in the valuations of the well-known 'Magnificent Seven' tech stocks, leading investors to reconsider their attractiveness as investment options. Yahoo Finance reporter Josh Schafer explores the current landscape of these tech stocks and their potential appeal in today's market.
Source: YAHOO
Reported 2 months ago
Fitch Ratings has downgraded Israel's sovereign debt rating from A+ to A, citing the prolonged Gaza conflict and rising geopolitical risks. The conflict is anticipated to extend into 2025, with forecasts indicating a significant budget deficit increase and sustained high debt levels affecting Israel's public finances. The Finance Minister acknowledged the downgrade, promising to maintain support for military needs while promoting fiscal responsibility.
Source: YAHOO
Reported 2 months ago
Realtors in the US are preparing for significant changes in commission structures starting August 17, resulting from a $418 million settlement by the National Association of Realtors. These changes include eliminating the standard practice where home sellers pay commissions to both their agent and the buyer's agent, promoting transparency in agent compensation. Agents are now required to discuss their fees upfront with homebuyers, which may lead to a decrease in commission percentages and the rise of alternative business models, while some predict that less experienced agents may struggle in the new landscape.
Source: YAHOO
Reported 2 months ago
The benchmark price for diesel fuel has fallen for the fifth consecutive week, with the latest average retail price reported at $3.704 per gallon, 40.5 cents lower than recent highs. However, potential military conflict in the Middle East and a decrease in refinery profitability may lead to higher diesel prices in the near future.
Source: YAHOO
Reported 2 months ago
Markets closed flat as investors prepare for significant economic data. David Bahnsen from the Bahnsen Group highlights the importance of distinguishing between substantive and non-substantive market reactions to data, explaining that quick responses to economic reports may not accurately reflect market sentiment. He emphasizes the need for investors to consider multiple influencing factors and suggests focusing on cash flow and balance sheet strength.
Source: YAHOO
Reported 2 months ago
Former Federal Reserve executive Robert Kaplan suggests that the upcoming August jobs report will significantly influence whether the Federal Reserve will implement a 25-basis-point interest rate cut in September. Despite concerns over rising unemployment, he believes that a balanced approach to inflation and unemployment is necessary. Kaplan argues that while the inflation fight continues, there is still room for the Fed to reduce rates without compromising its objectives.
Source: YAHOO
Reported 2 months ago
Shares of Trump Media & Technology Group (DJT) fell nearly 5% on Monday after Donald Trump reactivated his account on X, the platform previously known as Twitter, just hours before his interview with Elon Musk. This marked Trump's first post since August 2023, coinciding with DJT's announcement of significant financial losses and plummeting revenues. The stock has experienced volatility, highlighted by a 50% drop since the company's public debut in March and further pressure from political events.
Source: YAHOO
Reported 2 months ago
On Monday, stocks closed mixed as Wall Street braces for a week full of economic data and corporate earnings that could increase market volatility. Key trends include a decline in risk momentum, a loss of liquidity driven by heightened volatility, and recent developments in the Japanese yen carry trade, as analyzed by Yahoo Finance's Jared Blikre.
Source: YAHOO
Reported 2 months ago
Johnson & Johnson has reportedly gained sufficient support from over 75% of claimants for its proposed $6.5 billion settlement regarding lawsuits alleging that its talc products caused cancer. This marks a key milestone for the company as it attempts a third time to resolve the litigation through bankruptcy protection. However, legal challenges persist, with opposing attorneys labeling the voting process a 'fake bankruptcy election' that may face further scrutiny in courts.
Source: YAHOO
Reported 2 months ago
In a recent column, the LA Times critiques Elon Musk's federal lawsuit against major advertisers, accusing them of colluding to boycott X, his social media platform. The article argues that Musk underestimates the essential role advertisers play and blames them for X's financial struggles, despite the platform's decline in ad revenue coinciding with his controversial management decisions.
Source: YAHOO
Reported 2 months ago
Nvidia (NASDAQ: NVDA) saw its stock rise by 4.1% during Monday's trading session, driven by reassessments regarding potential delays of its upcoming Blackwell processors and a new AI training partnership with California. Analysts from UBS reaffirmed a buy rating, anticipating significant future gains as the stock has been considered undervalued despite fluctuating market conditions. With a price target of $150 per share, the bank forecasts strong demand for Nvidia's processors, suggesting continued profitability growth beyond 2025.
Source: YAHOO
Reported 2 months ago
A fixed annuity is a retirement income solution that guarantees a specific income amount, either for life or for a set period. It involves contracting with an insurance company to receive payments in exchange for an upfront investment. While it offers benefits like tax-deferred growth and security of income, fixed annuities also present drawbacks such as complexity, high fees, and potential penalties for early withdrawal. They may be suitable for individuals seeking stable retirement income, especially if they lack other sources of guaranteed income.
Source: YAHOO
Reported 2 months ago
Expedia's new CEO Ariane Gorin acknowledges a slowdown in travel demand due to high costs and cautious consumer spending, with expectations of recovery in time for the holiday season. Despite a decline in bookings in recent months, the company reported growth in sales and net income for the second quarter, indicating potential resilience as they focus on marketing and overseas expansion.
Source: YAHOO
Reported 2 months ago
At the recent D23 Expo, Disney announced significant investments in theme parks despite current challenges, such as a decline in projected growth for their parks due to changing consumer behavior. Analyst Barton Crockett emphasizes that Disney's theme parks are critical to its value and cash flow, and while the streaming industry presents competition, the company's long-term strategy focuses on attracting the next generation of families.
Source: YAHOO
Reported 2 months ago
Super Micro Computer's stock rose over 6% following a significant drop after its recent earnings report. Although the company faced declining margins, it reported a doubling of revenue compared to the previous year. Analysts remain cautious, noting persistent margin pressures, but expect potential improvements through manufacturing efficiencies and innovations in liquid cooling technology, particularly for AI data centers.
Source: YAHOO
Reported 2 months ago
Starbucks shares saw a rise after activist investor Starboard Value acquired a stake in the company. Analyst Gregory Francfort highlighted the struggles Starbucks has faced due to structural issues and fierce competition in the industry. He argued that the company’s aggressive expansion strategy doesn’t align with market realities and suggested that it should consider slowing down growth. While acknowledging the potential of Starbucks's new energy products, he expressed doubts about their effectiveness in competing against established brands.
Source: YAHOO
Reported 2 months ago
Investors should focus on several significant events this week, including Home Depot's earnings report, the release of July's Producer Price Index (PPI) on Tuesday morning, and Vice President Kamala Harris's unveiling of her economic policy platform. These developments are crucial for understanding market movements and economic trends.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Expedia Group CEO Ariane Gorin discusses consumer travel trends, indicating that while there has been some short-term pressure on pricing for air tickets, car rentals, and hotels, she remains optimistic about the long-term outlook. After a slow start for Vrbo, Gorin believes the platform offers strong value for travelers and anticipates a recovery in the travel sector in the fourth quarter.
Source: YAHOO
Reported 2 months ago
This article discusses how much money a $50,000 annuity can provide monthly, outlining factors that influence payouts such as age, type of annuity, interest rates, and the payout period. For a 65-year-old, immediate annuities typically pay between $300 to $320 per month. Annuities can be a secure option, especially for those nearing retirement concerned about outliving their savings, but it's essential to research and consult with a financial advisor before making decisions.
Source: YAHOO
Reported 2 months ago
The idea of exempting tips from income tax, recently advocated by presidential candidates like Donald Trump and Kamala Harris, raises significant concerns. Experts warn that such a policy could lead to loopholes, allowing high earners to classify their income as tips to avoid taxes, while primarily benefiting low-wage workers who rely on tips for income. This change could reduce federal revenue by billions, exacerbating existing fiscal challenges. Additionally, a substantial portion of tip income is already untaxed, indicating that potential benefits of this exemption may be overstated.
Source: YAHOO
Reported 2 months ago
Nvidia's earnings report on August 28 is expected to be a significant event, with investors looking for insights from CEO Jensen Huang on the anticipated demand for AI chips through 2025. Analysts predict a pivotal moment for the company, especially after a $900 billion market value decline and amid rising investments in AI from major tech firms. Despite recent volatility, Nvidia's stock has surged 117% year-to-date, and optimism remains high regarding its future growth.
Source: YAHOO