Reported 2 months ago
As the Federal Reserve holds interest rates steady in July, discussions about potential cuts in September arise. Veronica Willis from Wells Fargo highlights favorable sectors for investors to watch, emphasizing potential gains in financials, energy, materials, industrials, and healthcare as the economy adjusts to these changes.
Source: YAHOO
Reported 2 months ago
As the second quarter earnings season unfolds, Big Tech stocks are in focus with investors keen on indicators that may influence market direction. The Federal Reserve has decided to hold interest rates steady for now, though a possible cut in September looms. Analyst Brian Levitt discusses the implications for the market, the impact of the election, and how to manage reinvestment risk in this dynamic environment.
Source: YAHOO
Reported 2 months ago
Gold futures are on the rise as traders react to Federal Reserve Chair Jerome Powell's positive outlook for potential rate cuts in September. Yahoo Finance's Ines Ferré explains how these anticipated cuts could boost gold prices, reflecting a broader optimism in the commodity markets.
Source: YAHOO
Reported 2 months ago
Volkswagen's shares dropped after the company reported mixed earnings for the second quarter, falling short of profit expectations from the previous year. The automaker is struggling with cost-cutting measures amidst difficulties in the competitive electric vehicle market.
Source: YAHOO
Reported 2 months ago
The surge in artificial intelligence investments across major tech companies, including Meta Platforms, is shaping market perceptions. While significant AI spending can enhance investor confidence, performance in core business operations remains key; companies face scrutiny if AI investments fail to translate into overall growth. Meta's recent success following strong earnings has led to an uptick in its stock value, demonstrating the market's favorable response to effective capital allocation in AI.
Source: YAHOO
Reported 2 months ago
A recent report highlights that a significant number of Americans are uninformed about their right to contest insurance coverage denials. According to a survey by the Commonwealth Fund, 54% of respondents who did not challenge unexpected medical bills were unaware of their ability to do so. In contrast, 38% of those who did challenge their bills found them reduced or eliminated. The report suggests that increased consumer awareness and support could help ease burdens from complex healthcare systems and insurance plans.
Source: YAHOO
Reported 2 months ago
The upcoming July jobs report, set to be released this Friday, may trigger the Sahm Rule, a key recession indicator. Yahoo Finance reporter Josh Schafer discusses what the Sahm Rule entails and reasons it might not apply in this instance.
Source: YAHOO
Reported 2 months ago
Anheuser-Busch InBev's stock rose on Thursday after the company reported better-than-expected adjusted earnings of $0.90 per share for the second quarter, surpassing forecasts of $0.86. However, the company's revenue fell slightly short of expectations, totaling $15.33 billion compared to the anticipated $15.49 billion.
Source: YAHOO
Reported 2 months ago
Recent second-quarter results from Advanced Micro Devices (AMD) have sparked optimism in the AI sector, contributing to a rise in Nvidia (NVDA) shares. Analyst Stacy Ragson from Bernstein highlights that elevated capital expenditure (capex) from tech giants like Meta and Alphabet for AI projects is significantly driving this trend. Despite concerns over sustainability, Ragson notes that spending remains strong and is expected to continue into the next year.
Source: YAHOO
Reported 2 months ago
The Federal Reserve maintained steady interest rates recently, with insights from former St. Louis Fed President Jim Bullard. He highlights the Fed's commitment to closely tracking economic data and emphasizes the critical question of their long-term interest rate policy. Bullard reassures that political influences will minimally affect the Fed's decisions moving forward.
Source: YAHOO
Reported 2 months ago
The Federal Reserve is maintaining interest rates for now, but Chair Jerome Powell has indicated a potential rate cut could be considered in September. BNY Wealth's Sinead Colton Grant suggests that this delay allows the Fed to gather more data on inflation and the labor market, stating that it could lead to a higher likelihood of a rate cut in September.
Source: YAHOO
Reported 2 months ago
The Federal Reserve has opted to maintain interest rates in July, but Chair Jerome Powell hinted that reductions could be possible in September. Financial experts emphasize that disappointing economic indicators could negatively impact market expectations, with current data trends falling below forecasts. Analysts point out that the market is anticipating a high likelihood of rate cuts ahead, with various cuts potentially affecting future monetary policy.
Source: YAHOO
Reported 2 months ago
The Federal Reserve has emerged as a critical topic during the current earnings season, with CEOs mentioning it at record levels amid concerns over interest rate cuts. A Bloomberg analysis found that mentions of the Fed are on track to hit approximately 380 during second-quarter calls, reflecting its significant influence on corporate discussions as the economy faces mixed signals. Companies are voicing their expectations for potential rate cuts, which they believe could provide necessary support to consumer spending and overall economic stability.
Source: YAHOO
Reported 2 months ago
Amazon's stock fell 4% following the announcement of its third-quarter sales guidance, which failed to meet analysts' expectations. The company projected sales between $154 billion and $158.5 billion, while analysts had predicted $158.43 billion. Other metrics include adjusted earnings per share of $1.26 versus the expected $1.04, and total revenue of $148 billion compared to $148.8 billion forecasted. This report comes amidst wider scrutiny of Big Tech's spending on AI, especially after mixed results from competitors.
Source: YAHOO
Reported 2 months ago
Hershey has revised its full-year outlook downwards after missing earnings estimates due to declining consumer demand. Roblox's stock dipped even after it reported positive second-quarter results and increased its annual bookings forecast. In contrast, Shake Shack's shares surged following its strong second-quarter earnings and optimistic full-year guidance.
Source: YAHOO
Reported 2 months ago
Former St. Louis Fed President Jim Bullard discusses the current US job market, highlighting its 'extraordinary' performance and emphasizing the need for normalization rather than deterioration. While the Fed holds interest rates steady, Bullard believes a rate cut may be appropriate, pending upcoming economic reports. He stresses the importance of managing the labor market effectively without letting it get out of control.
Source: YAHOO
Reported 2 months ago
Meta Platforms exceeded expectations in its second-quarter earnings, but questions remain about the revenue potential of its significant AI investments. Analyst Josh Beck from Raymond James noted a positive shift in narrative, driven by diverse AI applications that enhance user engagement. He believes that while investors may not fully appreciate Meta's entry into the enterprise sector, it could serve as a long-term growth driver.
Source: YAHOO
Reported 2 months ago
Crocs reported second quarter earnings that exceeded expectations, leading to a raised full-year guidance. However, despite the positive earnings report, the company's stock fell due to disappointing Q3 adjusted operating margin projections.
Source: YAHOO
Reported 2 months ago
Moderna's stock dropped sharply by 20% following the release of mixed second-quarter results, where the company reported revenues of $241 million but adjusted losses of $3.33 per share. CEO Stéphane Bancel emphasized a pullback from European governments due to budget constraints and ongoing economic difficulties, contributing to the company's decision to lower its full-year guidance.
Source: YAHOO
Reported 2 months ago
Carvana's stock price is rising sharply following the announcement of an unforeseen profit in the second quarter, with the company highlighting significant untapped potential in its business in a letter to shareholders.
Source: YAHOO
Reported 2 months ago
Arm Holdings' shares are experiencing a significant decline following the announcement of their first quarter results, which, despite surpassing analysts' expectations, included uninspiring guidance for the upcoming fiscal second quarter.
Source: YAHOO
Reported 2 months ago
U.S. stocks opened higher on Thursday, with the Dow Jones Industrial Average gaining over 170 points, spurred by the Federal Reserve's indication of a possible interest rate cut in September. The Fed had previously chosen to maintain current rates following its July meeting.
Source: YAHOO
Reported 2 months ago
Qualcomm's stock declined in pre-market trading after CEO Cristian Amon indicated that cell phone demand growth is expected to be 'flattish' this year, despite the company exceeding Q3 revenue expectations with $9.39 billion and adjusted earnings of $2.33 per share. The discourse also highlighted Qualcomm's shift towards AI chip production.
Source: YAHOO
Reported 2 months ago
After a two-day policy meeting, the Federal Reserve announced it is holding interest rates steady, indicating possible cuts in September. Meta Platforms saw a significant rise in shares after exceeding earnings expectations and plans to increase capital expenditures in AI. Meanwhile, Qualcomm experienced a decline in pre-market trading following concerns about phone demand, despite beating fiscal third quarter earnings estimates.
Source: YAHOO
Reported 2 months ago
Federal Reserve Chair Jerome Powell indicated he is prepared for political backlash as the Fed considers cutting interest rates in September, just weeks before the 2024 election. With inflation cooling, Powell stated that any decision would be based on data and economic outlook rather than political pressures, affirming the Fed's nonpartisan stance despite potential criticism from both sides of the aisle depending on the outcome.
Source: YAHOO