Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
A study by the Federal Reserve Bank of San Francisco reveals that middle- and low-income Americans are running out of disposable cash, with their liquid assets significantly declining since the COVID pandemic. The study indicates that the lowest 80% of income households are currently about 13% below their projected financial path pre-pandemic, in contrast to a 2% drop for the highest income bracket. This trend has been exacerbated by rising credit card delinquencies among lower-income families, posing potential risks to future consumer spending growth.
Source: YAHOO
Reported 2 months ago
Bank of America analyst Vivek Arya has designated Nvidia as a top 'rebound' stock for 2024, despite concerns regarding the company's hefty investments in artificial intelligence. The stock has seen an uptick following Arya's positive assessment.
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
B. Riley Financial (RILY) shares saw a significant drop on Monday due to the company's announcement of a suspended dividend following a preliminary Q2 earnings report indicating a stark net loss of $435 to $475 million, equating to a loss per share of $14 to $15. Market analysts discuss the implications of these projected losses.
Source: YAHOO
Reported 2 months ago
Markets are bracing for crucial consumer data, including CPI and retail figures, as they prepare for the Federal Reserve's September policy meeting. Analysts are particularly focused on how strong consumer sentiment is amid rising unemployment, with expectations leaning toward a moderate inflation rate that could shape future market dynamics.
Source: YAHOO
Reported 2 months ago
Intel stock fell 2% today, reflecting a continued downward trend since a disappointing second-quarter earnings report, resulting in a 37% loss over the past week and a half. Despite the Wall Street Journal asserting that Intel's recovery is inevitable due to its valuable factories and significant government support, investors remain skeptical about its ability to compete effectively in the semiconductor market, especially against rivals like Nvidia and AMD. This uncertainty raises hesitation about whether Intel stock is a sound investment at this time.
Source: YAHOO
Reported 2 months ago
The rouble reached its lowest level since late May, weakening by 1.9% to 90.30 against the dollar, following Ukraine's largest incursion into Russian territory since the 2022 war began. This significant military action may be intended to gain leverage in potential ceasefire discussions post-U.S. elections, with Kyiv's President Zelenskiy framing the offensive as a move to restore justice and pressure Moscow.
Source: YAHOO
Reported 2 months ago
Inheriting $50,000 can be a significant financial opportunity, but careful consideration is essential to avoid common pitfalls. Instead of investing all in individual stocks, which can be risky, experts recommend diversifying across several funds or ETFs to mitigate risk, especially in a volatile market. It's also advisable to prioritize paying off high-interest debt and establishing an emergency fund before making any investments. This strategy allows for better financial security and potential growth.
Source: YAHOO
Reported 2 months ago
Bank of America's CEO, Brian Moynihan, announced that the bank no longer predicts a recession for the U.S., diverging from previous concerns held last year. He asserted that the economy is expected to grow at a rate of 1.5% to 2% over the next six quarters. However, contrasting viewpoints exist; JPMorgan economists recently raised the likelihood of a recession this year to 35%, attributing it to easing labor market pressures.
Source: YAHOO
Reported 2 months ago
Despite ongoing market volatility in August, Robinhood's CEO, Vlad Tenev, indicated that investors are focusing more on buying rather than selling. With the CBOE Volatility Index cooling after a spike, Robinhood has seen a surge in deposits as users view the downturn as an opportunity to enhance their portfolios. Tenev highlighted the diverse strategies of traders on the platform and emphasized the company's strong position in the cryptocurrency market, anticipating significant future technological shifts.
Source: YAHOO
Reported 2 months ago
In the second quarter, Chipotle (NYSE:CMG) reported impressive revenue growth of 18.2% year on year, exceeding analysts' expectations, while modern fast food stocks collectively saw a 10.5% rise. Despite a challenging economic environment, Chipotle's effective brand marketing and operational improvements resulted in strong demand, reflected in its stock's 7.4% increase post-earnings. Meanwhile, Potbelly and Sweetgreen also performed well, while Noodles & Company struggled, missing revenue expectations.
Source: YAHOO
Reported 2 months ago
In a competitive job market, career expert Jasmine Escalera shares essential tips for job seekers to enhance their resumes and improve their chances of landing their dream job. She emphasizes the importance of identifying unique skills and networking effectively, particularly through LinkedIn. Escalera advises focusing on quantifiable achievements in resumes and encourages the use of cover letters to provide a personal touch and tell a compelling story, especially addressing any gaps on the resume.
Source: YAHOO
Reported 2 months ago
Super Micro Computer (NASDAQ: SMCI) saw a significant stock surge, rebounding 7.2% after its previous decline following mixed earnings results. The company anticipates nearly 100% revenue growth for the upcoming year despite current margin pressures tied to increased shipping costs for direct liquid cooling (DLC) components. A recent Wall Street Journal article highlighting Supermicro's pioneering DLC solutions, crucial for Nvidia's upcoming Blackwell chips, has further boosted investor confidence. As demand for AI technology remains robust, Supermicro stands to benefit significantly in the coming months.
Source: YAHOO
Reported 2 months ago
The U.S. Securities and Exchange Commission has filed a lawsuit against cryptocurrency company NovaTech and its co-founders, Cynthia and Eddy Petion, accusing them of defrauding over 200,000 investors worldwide of more than $650 million. The complaint states that the Petions misled investors about the safety of their funds and instead used new investments to pay earlier investors and maintain their lifestyle. The allegations describe the operation as a pyramid scheme, which allegedly exploited social media and community trust, particularly among Haitian-American investors. This lawsuit follows a previous action taken by the New York Attorney General, which estimated the total fraud amount to be over $1 billion.
Source: YAHOO
Reported 2 months ago
Truth Social's parent company, Trump Media & Technology Group, reported losses of over $16 million and less than $1 million in revenue for the second quarter of 2024, primarily due to legal and technology expenses. The company's stock, trading under DJT, fell more than 7% as analysts pointed to its volatile market behavior. Despite the losses, the company believes new TV streaming services could pave the way for future revenue growth.
Source: YAHOO
Reported 2 months ago
Walmart's second quarter earnings report, scheduled for August 15, 2024, is highly anticipated as analysts expect the company to show resilience in a weak consumer spending environment. Analyst Michael Lasser predicts that Walmart will maintain consistent consumer demand due to its focus on groceries and household products, which will likely contribute to market share growth. Additionally, Lasser expects rapid growth in alternative profit areas like advertising and membership fees, and anticipates Walmart to raise its full-year guidance, supporting a bullish outlook for the stock.
Source: YAHOO
Reported 2 months ago
Zero-based budgeting is a financial strategy that starts from scratch each period, helping individuals allocate every dollar to necessary expenses rather than relying on past budgets. With many Americans feeling financially strained, this approach can increase financial awareness and assist in achieving both short-term goals and long-term wealth, especially as over 60% lack sufficient retirement savings. Wealth advisor Scott Ward explains how this budgeting method empowers individuals to effectively manage their finances and prepare for unexpected changes.
Source: YAHOO
Reported 2 months ago
Americans who secured jobs, homes, and stocks in recent years are experiencing financial success, while those without these advantages face increasing challenges. The job market has tightened, housing prices have surged, and stock valuations have risen, leaving many frustrated by their economic situation. Despite rising stockholder optimism and significant real estate wealth for some, many Americans struggle with job uncertainty and unaffordable housing markets, highlighting a growing divide in wealth creation opportunities.
Source: YAHOO
Reported 2 months ago
In the latest episode of 'Financial Freestyle with Ross Mac', Lee Moulton, founder of The Mansa Fund, discusses his Wall Street beginnings under Lloyd Blankfein and the lessons learned during the 2008 crisis. Moulton highlights the unique challenges faced by Black and Latinx business owners, which inspired him to create The Mansa Fund to bridge funding gaps. He shares the positive response to his initiative, partnership with Bridge Marketplace, and overall mission to promote economic prosperity and inclusivity for underrepresented communities.
Source: YAHOO
Reported 2 months ago
The era of freeloading seems to be over as major companies like Costco and Disney crack down on account sharing and unauthorized discounts. Advances in technology are making it harder for people to exploit loopholes, similar to what Netflix recently implemented to boost its subscriber base after experiencing losses. As these companies enforce stricter access requirements, consumers will need to pay for their memberships and subscriptions if they want to enjoy services.
Source: YAHOO
Reported 2 months ago
Investors expect the Federal Reserve to lower interest rates in September, which may significantly influence personal finances, including checking and savings accounts. Yahoo Finance's Kerry Hannon discusses the potential advantages and disadvantages of a rate cut for consumers regarding their banking and credit situations.
Source: YAHOO
Reported 2 months ago
With Bitcoin soaring over 35% this year, tax implications for crypto investors are front and center. Gordon Law's Andrew Gordon highlights that, like stocks, cryptocurrencies incur taxes on every transaction, including conversions between cryptos. As the 2024 election approaches, there's a notable shift in political discourse around crypto, signaling potential regulatory changes aimed at fostering innovation and easing tax reporting for Americans holding crypto. With over 40% of the population invested in cryptocurrency, the call for simpler tax policies is growing.
Source: YAHOO