Reported 2 months ago
NVIDIA's upcoming Blackwell AI chips have encountered significant design flaws late in the production process, resulting in a potential delay of at least three months. Major clients, including Microsoft and Google, have been notified of the hold-up, which could push shipments to early 2025 instead of the initially planned timeline. The chips, announced in March with promises of substantial performance and energy efficiency improvements, are now undergoing test production to resolve the issues.
Source: ENGADGET
Reported 2 months ago
Investors seeking reliable income are encouraged to consider Pfizer and Ares Capital, both providing attractive dividend yields significantly above the S&P 500 average. Pfizer boasts a 5.5% yield backed by a solid track record of raising dividends, while Ares Capital offers a compelling 9.2% yield as a business development company focusing on lending to mid-sized firms. Holding these stocks could yield substantial passive income and potential capital appreciation over the next decade.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
Starting August 17, significant shifts in the real estate market will empower buyers and sellers by allowing them to negotiate agent commissions independently. The new rules, stemming from a class-action lawsuit, eliminate the previous practice of sellers funding buyer's agent commissions, potentially reducing overall home prices and marking a move towards a more consumer-friendly real estate industry.
Source: YAHOO
Reported 2 months ago
Berkshire Hathaway reported a record cash reserve of $276.9 billion and an increase in operating income to $11.6 billion, driven largely by improvements in its insurance underwriting business. Despite reducing its stake in Apple by nearly 50% and also trimming its shares in Bank of America, Buffett indicated that Apple would likely remain a key holding. The company's performance has outpaced the S&P 500 with a 20% increase in Class B shares this year.
Source: YAHOO
Reported 2 months ago
Costco is popular for its low gas prices, but many customers find long lines and a lack of cash back rewards frustrating, especially for Executive members who expect benefits at the pump. Unlike regular purchases, gas purchases do not earn cash back. To maximize savings, it's advisable to use a high-reward credit card or explore local gas stations offering discounts for cash payments.
Source: YAHOO
Reported 2 months ago
Source: WSJ
Reported 2 months ago
While many invest in real estate for passive income, the article argues that true passive income comes from dividend stocks. Philip Morris International (NYSE: PM) stands out as a top choice, offering a 4.5% yield, meaning a $25,000 investment could generate $1,000 annually. Despite challenges, the company is investing heavily in alternative nicotine products, which show rapid growth potential, and it is expected to sustainably increase dividends over time, making it a compelling long-term investment.
Source: YAHOO
Reported 2 months ago
In light of growing economic uncertainties, including a slowing economy and geopolitical tensions, investors may want to consider high-yield dividend stocks as a protective measure. WEC Energy, Enbridge, and Northwest Natural Holding are highlighted as strong options, each boasting impressive dividend growth and stable business models that can withstand market fluctuations. With WEC Energy yielding about 4%, Enbridge offering 7%, and Northwest Natural providing 4.8%, these stocks present potential safe havens amidst a bear market.
Source: YAHOO
Reported 2 months ago
Source: BARRONS
Reported 2 months ago
SoFi Technologies has reported strong second-quarter results with a 22% increase in revenue and net income of $17 million, yet its stock remains down, following the trend after previous earnings reports. Despite strong performance across its financial services and lending segments, investor focus continues to linger on lending concerns, leading to a lack of enthusiasm in the market. CEO Anthony Noto emphasizes the company’s expansion into broader financial services as a key future growth strategy, but the stock may not see significant gains until interest rates decline.
Source: YAHOO
Reported 2 months ago
In a fluctuating market, long-term growth potential is key for stock investments. Celsius Holdings and Lululemon Athletica, both currently trading significantly below their peak prices, represent strong buy opportunities due to their robust revenue growth trajectories and market positioning. Celsius has expanded its energy drink offerings, successfully doubling its revenue, while Lululemon continues to see healthy sales growth despite recent challenges, indicating that both companies hold significant upside potential for investors.
Source: YAHOO
Reported 2 months ago
Despite a weaker-than-expected jobs report and a rising unemployment rate, experts are reassuring that the economy is not in a recession. Job creation under President Biden remains strong, with 114,000 jobs added in July, despite concerns triggered by indicators like the Sahm Rule. Investor anxiety has led to stock market declines, but the prevailing view suggests the economy is stabilizing rather than deteriorating further. Meanwhile, forecasts point to potential Fed rate cuts to support growth, minimizing the risk of a recession in the near future.
Source: YAHOO
Reported 2 months ago
Vail Resorts, facing challenges including reduced consumer confidence and snowfall at its ski resorts, has seen its stock prices drop by 50% since 2021. Despite this decline, the company remains an industry leader with a significant market presence and a strong subscription model, demonstrating profitability even in tough conditions. Currently, with its price-to-sales ratio at historic lows and a high dividend yield, Vail Resorts represents a potential once-in-a-decade investment opportunity for long-term holds.
Source: YAHOO
Reported 2 months ago
Warren Buffett's Berkshire Hathaway has significantly reduced its stock holdings, selling $75.5 billion worth of equities in the second quarter of 2024. This includes nearly halving its stake in Apple and cutting its investment in Bank of America. Buffett's actions come amid growing concerns in the U.S. stock market following disappointing economic indicators, leading to increased expectations of interest rate cuts by the Federal Reserve.
Source: YAHOO
Reported 2 months ago
The Vanguard Information Technology Index Fund ETF has consistently outperformed the S&P 500 over the past decade, achieving an impressive 530% total return compared to the S&P 500's 230%. With a low expense ratio of 0.1% and a focus on high-growth technology sectors, this ETF is considered a strong investment option for those optimistic about the tech industry's future, despite its heavy reliance on leading companies like Microsoft, Apple, and Nvidia.
Source: YAHOO
Reported 2 months ago
Warren Buffett has significantly reduced Berkshire Hathaway's investment in Apple, selling over 116 million shares this year, which has raised concerns among investors given the company's previously strong position in Buffett's portfolio. This move, coupled with a decline in Berkshire's overall earnings and Buffett's rising cash reserves, signals potential caution about economic conditions. Analysts suggest that while the sale may reflect prudent portfolio management, it could also indicate preparation for a challenging market ahead.
Source: YAHOO
Reported 2 months ago
Jason Windsor, currently Abrdn's finance chief, is poised to take over as CEO from Stephen Bird, who stepped down after a challenging four-year term. Windsor's formal appointment may be announced as early as Tuesday when the company reports its half-year results. Bird's tenure was marked by significant client outflows and a controversial rebranding effort.
Source: YAHOO
Reported 2 months ago
Warren Buffett's Berkshire Hathaway has increased its cash reserves to nearly $277 billion, marking a significant retreat from stocks, including a major reduction of its Apple holdings by about half. This shift comes amid a record quarterly operating profit of $11.6 billion, yet concerns grow over the overall economic climate and stock market valuations. Analysts suggest Buffett's actions indicate a more defensive stance towards potential market instability.
Source: YAHOO
Reported 2 months ago
Berkshire Hathaway has significantly reduced its stake in Apple by almost 50% during a major selling spree, contributing to an unprecedented cash reserve of $276.9 billion for Warren Buffett's company. This selling activity, amounting to a net $75.5 billion in stock during the second quarter, coincides with a decline in the S&P 500 index amid economic concerns. Analysts suggest the sell-off may be driven by potential capital gains tax avoidance. Despite this reduction, Buffett has previously highlighted Apple as a top-tier investment, indicating the decision reflects broader strategic financial moves.
Source: YAHOO
Reported 2 months ago
Coca-Cola (NYSE: KO) has impressively raised its dividend for 62 consecutive years, recently announcing a 5.4% increase, which highlights its status as a strong, stable brand in the beverage industry. Despite its consistent financial performance and loyalty from customers, its recent stock valuation at a P/E ratio of 27.2 raises concerns about whether it can outperform the S&P 500 in the long run. Investors are advised to consider alternative stocks with higher growth potential before investing.
Source: YAHOO
Reported 2 months ago
The recent U.S. jobs report has raised significant concerns about a potential recession, leading to a sharp decline in stock values exceeding $1.2 trillion over two trading days. As labor market indicators suggest weakening conditions, including rising unemployment and sluggish wage growth, Wall Street anxiously anticipates the Federal Reserve's response, fearing that prolonged high interest rates may have been a mistake. The Sahm Rule's activation further signals recession risks, intensifying scrutiny on future economic performance.
Source: YAHOO
Reported 2 months ago
Ford will finally offer an all-wheel drive (AWD) option for the hybrid version of its popular Maverick pickup in 2025, responding to customer demand. The hybrid's powertrain is now enhanced, making it a more attractive option for buyers in regions where AWD is essential. Ford's changes reflect significant sales boosts, with Maverick being the bestselling hybrid pickup in the nation. The base model will start at $26,295, and deliveries are expected to begin in Fall 2024.
Source: YAHOO
Reported 2 months ago
As major tech companies report slowing profits, investors are demanding tangible results from their AI investments instead of mere promises. The recent earnings reports from leading firms like Microsoft and Amazon show that despite heavy spending on AI, the expected financial benefits have not materialized. Analysts suggest that this has led to a 'show me' mentality among investors, creating volatility in the tech stock market.
Source: YAHOO
Reported 2 months ago
Source: INVESTORS