Reported 2 months ago
The Canada Industrial Relations Board has approved a potential rail strike on Canadian National and Canadian Pacific Kansas City lines, which could start as early as August 22 if no agreement is reached between the rail companies and the union. The decision allows workers to strike without essential services, reigniting negotiations after a cooling-off period. Both rail companies have indicated they may lock out employees if a resolution is not found, causing significant disruption to commuter services in major cities.
Source: YAHOO
Reported 2 months ago
DevRev, a customer relationship software firm, has successfully raised $100.8 million in its Series A funding round led by Khosla Ventures, bringing its valuation to $1.15 billion and marking its entry into the AI unicorn club. The investment highlights a growing interest in AI startups, with overall funding in this sector significantly increasing. Founded in 2020 by Dheeraj Pandey, DevRev aims to integrate various roles within companies through its AI-driven platform.
Source: YAHOO
Reported 2 months ago
The stock market sees midday gains with the S&P 500 up 0.7% and notable stocks like Expedia, Sweetgreen, and Eli Lilly experiencing significant increases. Expedia shares jumped 9% despite a warning of waning travel demand, while Sweetgreen surged 28.6% on strong revenue growth. Conversely, chipmakers Nvidia and Intel faced declines, contributing to a mixed performance across tech stocks.
Source: YAHOO
Reported 2 months ago
As the 2024 US presidential election approaches, many are considering its potential impact on the stock market. EquitySet CEO Tony Zipparro highlights three critical sectors to watch: energy, technology, and consumer discretionary. He suggests focusing on individual stocks, recommending Chevron, NextEra Energy, and Tesla in energy; Nvidia and Advanced Micro Devices in tech; and Home Depot and Lowe's in consumer discretionary. Zipparro emphasizes the importance of policies related to domestic innovation and supply chains when making investment decisions.
Source: YAHOO
Reported 2 months ago
As summer ends, insights reveal that consumer spending remains strong, with a notable increase in both credit and debit transactions. Aron Levine from Bank of America highlights a 2.5% year-over-year rise in spending, particularly in services and entertainment, driven by wage growth and confidence in employment. Consumers are making more travel plans, like trips to Paris for the Olympics, and indulging in dining and entertainment experiences.
Source: YAHOO
Reported 2 months ago
Cognizant CEO Ravi Kumar discusses the economic landscape, voicing concerns on potential recession impacts and the influence of artificial intelligence on business transformation and job markets. He emphasizes the urgency for workers to adapt to the impending changes driven by AI and the uncertain economic forecast.
Source: YAHOO
Reported 2 months ago
Major stock indexes have stabilized following a turbulent trading week where they fell sharply on Monday but rebounded with the S&P 500 marking its best day since 2022 on Thursday. Investors are now focused on the upcoming July CPI report and earnings from major companies like Walmart, Home Depot, and Cisco.
Source: YAHOO
Reported 2 months ago
人工智能可以在个人财务管理中发挥重要作用，尤其是在退休计划管理方面。Yahoo Finance的资深专栏作家Kerry Hannon介绍了如何通过AI学习个人财务的基础知识，并有效管理退休计划。
Source: YAHOO
Reported 2 months ago
Lumen Technologies' stock skyrocketed by 75.2% this week due to significant new revenue deals related to artificial intelligence (AI), alongside a promising earnings report. Despite past challenges, including heavy debt and declines in legacy businesses, Lumen's partnership with Microsoft for AI connectivity and a recent announcement of $5 billion in AI-related deals signal potential growth, encouraging investor confidence. Additionally, plans for a $1 billion cost-cutting initiative by 2027 have further excited the market, though risks remain as the company faces ongoing revenue and debt management challenges.
Source: YAHOO
Reported 2 months ago
Former Treasury Secretary Lawrence Summers has called on the SEC and financial exchanges to investigate the recent historic surge in the VIX, which spiked above 65 during a significant stock selloff, signaling potential investor panic. Summers suggested that illiquidity issues may have artificially influenced the VIX's movement, and he emphasized that a thorough study is needed to understand the implications for market liquidity and volatility calculations.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
McDonald's is attracting customers with its $5 meal deal but is facing significant challenges to maintain its position as a value leader in the fast food industry. Despite the popularity of the meal deal, which has increased foot traffic particularly among low-income diners, the chain reports a decline in same-store sales and a weaker value proposition compared to its competitors. Analysts suggest that rising costs and changing consumer preferences require McDonald's to innovate its menu and marketing strategies to effectively address the evolving market dynamics.
Source: YAHOO
Reported 2 months ago
As AI tools like chatGPT gain traction among students, with 37% using them for assignments, discussions emerge regarding the implications for education. Richard Culatta, CEO of the International Society for Technology in Education, emphasizes that while AI can enhance learning, teachers must guide students on its proper use and limitations, ensuring it complements education rather than detracts from essential skills. He highlights AI's capacity to distill vast amounts of information, making it a valuable resource in complex subjects such as finance.
Source: YAHOO
Reported 2 months ago
After a severe incident caused by a faulty software update from CrowdStrike, which resulted in significant operational disruptions for various sectors including airlines and healthcare, analysts have revised their stock price targets for the company. Delta Air Lines has filed a lawsuit against CrowdStrike amid claims of financial losses exceeding $500 million due to flight cancellations and system outages. Despite the turmoil, some analysts believe that CrowdStrike will eventually recover, providing potential investment opportunities.
Source: YAHOO
Reported 2 months ago
In a recent discussion, Tulane University finance professor Peter Ricchiuti emphasized that despite market volatility, now is an excellent time for individual investors. He urged long-term focus and value buying, highlighting that as commissions drop to zero and information becomes readily available, investors can benefit by looking at the fundamental performance of businesses, which will eventually reflect in stock prices.
Source: YAHOO
Reported 2 months ago
Mortgage rates have recently dropped to their lowest point in over a year, with the average rate for a 30-year fixed mortgage falling from 6.73% to 6.47%. Experts, including Yahoo Finance's Senior Housing Reporter Dani Romero, suggest that these rates are likely to continue declining, especially in anticipation of an interest rate cut by the Federal Reserve in September.
Source: YAHOO
Reported 2 months ago
In light of recent market volatility, Matt Powers from Powers Advisory Group advises investors to avoid overreacting and to seek opportunistic investments. He emphasizes not to liquidate affected areas entirely but to consider undervalued sectors like consumer staples, healthcare, and utilities. Notable mentions include Mondelez International for its high dividend yield and Eli Lilly for its impressive earnings performance.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
In a recent interview, Robert Kiyosaki, co-founder of the Rich Dad Company, expressed concerns over the sustainability of the U.S. dollar, highlighting a trend where China and Japan are converting their bonds into gold. He believes this signals a lack of confidence in the dollar and critiques current economic policies, particularly under President Biden, while praising former President Trump for his financial knowledge. Kiyosaki advocates for investing in tangible assets like gold, silver, and Bitcoin, viewing the latter as a promising asset class despite its volatility.
Source: YAHOO
Reported 2 months ago
Despite widespread anticipation on Wall Street for a Federal Reserve interest rate cut as early as September, Chief Economist Brad Case suggests that the Fed may hold off until November. He argues that while recent data shows some economic softening, it does not yet indicate the sustained weakness needed for a rate cut. He emphasizes the importance of observing consistent trends across multiple economic indicators before making such a significant decision.
Source: YAHOO
Reported 2 months ago
Cisco is set to announce a second round of layoffs this year, potentially affecting thousands of employees, as it shifts focus towards higher-growth sectors such as cybersecurity and AI. This comes after a previous layoff of 4,000 employees in February, and the total job cuts indicated may be similar or slightly higher. The company, which has faced sluggish demand and supply chain issues, aims to diversify its business through acquisitions and AI integration.
Source: YAHOO
Reported 2 months ago
Apple is set to launch a new Mac Mini this fall, marking it as its smallest computer yet, comparable in size to the Apple TV. The new device will feature the AI-focused M4 chip, which is currently utilized in the latest iPad Pro. Tech Editor Dan Howley provides insights on what consumers should know about this exciting release.
Source: YAHOO
Reported 2 months ago
Media giants Warner Bros. Discovery and Paramount Global reported staggering write-downs of $9.1 billion and $6 billion, respectively, reflecting the sharp decline in cable business valuations amid competitive pressures and a shift towards streaming. With consumers increasingly cutting cable, the industry's financial struggles have intensified, prompting companies to reassess strategies, lay off staff, and raise prices as they navigate a challenging landscape marked by high debt and declining ad revenue.
Source: YAHOO
Reported 2 months ago
As the 2024 presidential race intensifies, Vice President Kamala Harris partners with Minnesota Governor Tim Walz, who is gaining attention for his significant contributions in the Midwest, including expanding child tax credits. Analysts explore the agendas of both the Harris-Walz and Trump-Vance tickets, discussing their potential economic impacts and the role of vice presidential candidates in elections. Key insights suggest that Harris must navigate her past policy positions to appeal to voters nationally, as her 2020 campaign platform could be detrimental in the current political landscape.
Source: YAHOO