Reported 2 months ago
Palantir Technologies saw its stock price rise after the company raised its annual outlook due to strong demand for its artificial intelligence software. CEO Alex Karp described the earnings report as historic, increasing revenue guidance to $2.74-$2.75 billion and adjusted operating income to $966-$974 million for 2024. The company highlighted its crucial role in military applications and reported a significant rise in both government and commercial sales.
Source: YAHOO
Reported 2 months ago
On Monday, U.S. interest rate swap spreads over Treasuries tightened or turned negative as investors hedged for lower interest rates amid a sharp sell-off in stocks. Analysts noted a correlation between declining equities and the movement of swap spreads, indicating concern about recession risks prompted by disappointing economic data. The spread for 10-year swaps fell to -45.75 basis points, reflecting increasing hedging activity in the swaps market.
Source: YAHOO
Reported 2 months ago
Traders who made aggressive bets on significant interest rate cuts by the Federal Reserve in July are now positioned to reap substantial profits as markets adjust their expectations. Following disappointing economic data, market sentiments have drastically shifted, now forecasting a half-point rate cut for the upcoming September meeting, compared to earlier expectations of a quarter-point reduction. Traders who anticipated this change have seen their investments surge, with one notable bet potentially yielding around $85 million in profit.
Source: YAHOO
Reported 2 months ago
Lumen Technologies has secured $5 billion in contracts from cloud and tech firms for its networking and cybersecurity services, driven by the rapid adoption of AI technologies. Notably, Microsoft has chosen Lumen's network equipment to support its AI workloads. Lumen is also in talks for an additional $7 billion in potential sales as companies seek high-capacity fiber resources. Lumen's CEO highlighted the company's AI-ready infrastructure as pivotal in this expanding market.
Source: YAHOO
Reported 2 months ago
On Monday, stock markets experienced a sharp decline, with the Dow Jones dropping by 1,033 points (2.6%), the Nasdaq falling by 570 points (3.4%), and the S&P 500 down by 160 points (3.0%). This widespread selling was accompanied by rising Treasury yields and an increase in the volatility index. Experts recap the day's events and market movements in a summary.
Source: YAHOO
Reported 2 months ago
In July, Nvidia CEO Jensen Huang sold a record $322.7 million in company shares, bringing his total summer sales to nearly $500 million, just before a significant tech stock market decline fueled by weak earnings and economic indicators. This move aligns with a pre-arranged trading strategy filed earlier and occurs amidst wider selling trends within Nvidia, where insiders have sold over $1 billion in stock this year.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS
Reported 2 months ago
Nvidia and Apple stocks experienced significant declines as the tech sector faced a global market sell-off. Experts highlighted concerns over a potential delay in Nvidia's new AI chip, while Apple's shares fell sharply following Berkshire Hathaway's sale of nearly half of its holdings in the company.
Source: YAHOO
Reported 2 months ago
The current sell-off in US equities is significantly impacting the tech sector, which has been dragging down tech-heavy indexes. Analysts are questioning whether this could lead to a better positioning for major tech companies as investors shift focus. With Nvidia's second quarter earnings report on the horizon, Wall Street's attention remains fixed on the tech trade's response to these evolving challenges.
Source: YAHOO
Reported 2 months ago
Allianz Chief Economic Advisor Mohamed El-Erian cautions that an interest rate cut by the Federal Reserve before its September meeting might indicate 'total panic' and could worsen recession fears among consumers. He emphasizes that the Fed's delayed response to changing market indicators could send the wrong message, especially following disappointing job data and ongoing sell-offs in major stock indices.
Source: YAHOO
Reported 2 months ago
Recently, analysts have focused on Tesla's Full Self-Driving (FSD) system following a risky demonstration that raised concerns about its safety. Despite these worries, some analysts continue to endorse Tesla, predicting strong market positioning. Meanwhile, Stellantis faces declining revenues and earnings, prompting downgrades from some analysts, but there are hints of a potential turnaround as management acknowledges issues affecting their North American strategy.
Source: YAHOO
Reported 2 months ago
In a recent post on Truth Social, Donald Trump criticized President Biden and Vice President Harris for their handling of the economy, claiming their leadership is responsible for the global stock market downturn. He declared on social media that markets are crashing due to 'inept U.S. Leadership' and emphasized that Biden is 'sound asleep' while Harris 'doesn't have a clue.' This statement comes amid significant declines in global markets, notably in Japan, where stocks have entered bear territory.
Source: YAHOO
Reported 2 months ago
A federal judge has ruled that Google, a subsidiary of Alphabet, engaged in monopolistic practices to maintain its dominance in the internet search market. Judge Amit P. Mehta stated that Google acts as a monopolist, charging supracompetitive prices for advertisements, which allows it to earn excessive monopoly profits. The ruling follows a case filed by the US Justice Department arguing that Google's payments to web browser companies to be their default search engine were anti-competitive.
Source: YAHOO
Reported 2 months ago
The recent withdrawal from 2024's successful trades has hit global markets hard, with significant declines in major indexes and cryptocurrencies amid rising economic concerns. The S&P 500 has fallen over 5% within days, while the Nikkei and bitcoin have also dropped sharply. Analysts caution against potential further volatility due to over-leverage within the financial system and high valuations in tech stocks. Despite this, some investors see opportunities to buy into the market's dips, emphasizing historical trends suggesting recoveries often follow market corrections.
Source: YAHOO
Reported 2 months ago
In a significant ruling, a judge found that Google violated antitrust laws concerning its search and advertising business, siding with the U.S. Justice Department. The decision could lead to changes in contracts that solidified Google's market dominance. Google plans to appeal the ruling, asserting that it only succeeded due to the quality of its services. This verdict has implications not only for Google but also for other tech giants like Apple and Amazon, who are facing similar scrutiny regarding their market practices.
Source: YAHOO
Reported 2 months ago
A major sell-off gripped Wall Street as the Dow Jones Industrial Average plummeted over 1,000 points, alongside significant declines in the Nasdaq and S&P 500, primarily driven by fears of a potential recession and poor economic indicators. With global markets reacting to these concerns, the CBOE Volatility Index surged, and fears of an impending interest rate cut by the Federal Reserve intensified, as major tech stocks and cryptocurrencies, including Bitcoin, suffered heavy losses.
Source: YAHOO
Reported 2 months ago
This week saw downgrades for five real estate investment trusts (REITs), including Digital Realty Trust, Host Hotels & Resorts, Public Storage, Community Healthcare Trust, and Healthcare Realty Trust. Analysts are advising caution after these downgrades, citing slower growth projections and disappointing financial results, suggesting potential stock price declines in the near term. Investors are encouraged to carefully consider these developments before making investment decisions.
Source: YAHOO
Reported 2 months ago
Fannie Mae and Freddie Mac are planning to implement stricter regulations for commercial property lenders in response to increasing concerns about fraud in the multi-trillion dollar market. New rules will require lenders to independently verify financial information of borrowers, particularly for multifamily properties, and may include tougher standards for confirming sufficient cash and source of funds.
Source: YAHOO
Reported 2 months ago
In a recent review of tech earnings, major companies like Microsoft (MSFT), Meta (META), and Advanced Micro Devices (AMD) shared their performance results. Experts from Yahoo Finance highlighted concerns over high valuations for the 'Magnificent Seven' stocks and noted macroeconomic challenges impacting Microsoft's consumption pace while praising Meta's disciplined investment approach. Investors are keenly interested in Microsoft's returns on its AI investments.
Source: YAHOO
Reported 2 months ago
The July jobs report released on August 2 fell short of expectations, revealing unexpectedly high unemployment rates and prompting discussions among experts about potential Federal Reserve rate cuts. Key sectors, particularly healthcare, construction, transportation, and warehousing, saw job gains, despite losses in higher-income categories like tech. While some analysts predict rate cuts, others argue the economy remains strong overall, though the market reacted negatively to the report.
Source: YAHOO
Reported 2 months ago
Amid market turbulence, US Treasury yields are facing pressure, with the 10-year Treasury yield expected to stay below 4% due to uncertainties around elections and geopolitical events. Wells Fargo's Brian Rehling suggests that it is unlikely to dip below 3.5% unless significant signs of economic weakening emerge.
Source: YAHOO
Reported 2 months ago
In discussing the Great Wealth Transfer, which involves nearly $84 trillion in assets, Valerie Galinskaya of Bank of America's Merrill Center emphasizes the importance of defining the purpose of wealth to ensure successful generational transfer. She highlights that 70% of wealthy families lose their fortunes by the second generation and advocates for families to approach wealth with curiosity, aiming to understand future success aspirations.
Source: YAHOO
Reported 2 months ago
Warren Buffett's recent sale of half of Berkshire Hathaway's Apple stock highlights important lessons for investors, including the benefits of portfolio rebalancing, the significance of valuations, the impact of capital gains taxes, and the importance of learning from past investment mistakes. Despite still valuing Apple's business, Buffett's decision reflects a proactive approach to managing investment risk and adapting to changing market conditions.
Source: YAHOO