Reported about 13 hours ago
Jaguar's new rebranding effort and logo, set to be unveiled at Miami Art Week on December 2, have incited backlash online due to a promotional video featuring models in colorful outfits without any cars. Critics, including Elon Musk, questioned the brand's direction and the absence of its luxury car heritage in the marketing. Experts suggest this approach could alienate potential buyers and negatively impact the brand's image amid its transition to electric vehicles.
Source: YAHOO
Reported about 13 hours ago
Grayscale has introduced options trading for its Grayscale Bitcoin Trust ETF (GBTC) following substantial interest in BlackRock's iShares Bitcoin ETF (IBIT), which also began options trading. According to Amplify ETFs CEO Christian Magoon, the nearly $1.9 billion trading volume in IBIT ETF options signifies a growing interest that allows investors to hedge or amplify their positions in bitcoin ETFs. This development is seen as a positive step towards institutionalizing bitcoin ETF trades and enhancing overall bitcoin adoption.
Source: YAHOO
Reported about 13 hours ago
President-elect Donald Trump has nominated Dr. Mehmet Oz, a cardiologist and television personality, to head the Centers for Medicare and Medicaid Services, alongside Robert F. Kennedy Jr. as Secretary of Health and Human Services. Analysts are discussing the implications of these appointments on Medicare policy and healthcare, while investors await further nominations for key health positions.
Source: YAHOO
Reported about 13 hours ago
As bitcoin approaches the $100,000 mark, Galaxy Digital CEO Mike Novogratz highlights the potential positive impact of Donald Trump's upcoming administration on the cryptocurrency sector. Discussing Trump's Cabinet nominees, Novogratz notes their favorable views on digital assets and predicts a shift in energy away from the previous regulatory approach. He suggests that a strategic bitcoin reserve could position the U.S. as a leader in the cryptocurrency space.
Source: YAHOO
Reported about 13 hours ago
A rare $20 'double eagle' gold coin minted in 1870 sold for $1.44 million at an auction in Costa Mesa, California, attracting keen interest from collectors. Only 3,789 coins were minted, with an estimated 40 to 50 remaining. The coin, noted for its superior grade, was last sold in 1986 for $23,100. Despite its staggering sale price, it fell short of expectations to surpass $2 million.
Source: YAHOO
Reported about 13 hours ago
Bank of England Deputy Governor Dave Ramsden indicated a willingness to support quicker interest rate cuts if uncertainties surrounding the UK economy are resolved in the coming months. He noted that although inflation exceeded expectations, he anticipates a return to 'low and relatively stable inflation.' Ramsden emphasized that any shift towards faster cuts would depend on clear signs of disinflationary pressures, amid concerns related to domestic and international economic factors.
Source: YAHOO
Reported about 13 hours ago
U.S. stocks fell on Wednesday as investors awaited Nvidia's (NVDA) earnings report, deemed critical for the artificial intelligence sector and market direction. The Dow dropped 0.2%, the S&P 500 fell 0.5%, and the Nasdaq slid 0.8%. This follows Target's significant stock drop of over 21% after cutting its full-year profit outlook. Traders anticipate Nvidia's post-earnings stock movement could be as much as 8%, amounting to a potential $300 billion shift in market value.
Source: YAHOO
Reported about 13 hours ago
Qualcomm CEO Cristiano Amon remains optimistic about the company's strategy to expand into new markets, projecting significant future revenue growth, despite a recent dip in stock prices following a disappointing investor presentation. Amon highlighted the strong performance of Qualcomm's PC chips and expects new product categories, including automotive and Internet of Things devices, to contribute an additional $22 billion in revenue by fiscal 2029. While the firm faces challenges due to customer shifts like Apple's transition to in-house components, Amon maintains confidence in reaching ambitious targets.
Source: YAHOO
Reported about 13 hours ago
The FAFSA form for the 2025-2026 academic year is now accessible during expanded beta testing, helping students determine their eligibility for financial aid such as grants, scholarships, and loans. Host Brad Smith provides guidance on getting started with the process, including the creation of an FSA ID on Studentaid.gov.
Source: YAHOO
Reported about 13 hours ago
Federal Reserve Governor Michelle Bowman emphasized the need for a cautious approach to further interest rate cuts, citing a slowdown in inflation reduction. During her speech in Florida, she expressed concern over the current state of inflation and the labor market, indicating potential reluctance to support additional cuts if economic conditions do not improve. Bowman previously dissented against a half-point cut in September, stating that more modest adjustments may be prudent until inflation goals are met.
Source: YAHOO
Reported about 13 hours ago
The U.S. housing market is struggling with high prices and rising mortgage rates, which have surged over three percentage points since pre-pandemic levels, significantly affecting affordability for buyers. Despite a slight increase in purchase applications, driven by lower FHA rates for first-time buyers, overall demand remains low, and the average home price has risen more than a third since 2019, reaching approximately $425,000. President-elect Donald Trump aims to cut housing costs by eliminating regulations, but ongoing construction declines and the potential impact of privatizing Fannie Mae and Freddie Mac could further complicate recovery efforts.
Source: YAHOO
Reported about 13 hours ago
Gary Wang, co-founder of FTX, received no prison time after cooperating with prosecutors in the case against Sam Bankman-Fried. Wang testified for three days at Bankman-Fried's trial, sharing crucial information that aided in his extradition from the Bahamas. While expressing remorse for his role in the cryptocurrency fraud, he was commended by the judge for his cooperation and efforts to help recover losses for victims. Bankman-Fried is currently serving a 25-year sentence for fraud that misappropriated over $11 billion.
Source: YAHOO
Reported about 13 hours ago
In today's market update, Bitcoin (BTC-USD) reaches a record high of over $94,000, benefiting from early options trading for Bitcoin ETFs. Roku (ROKU) experienced a decline due to rising competition, particularly with The Trade Desk introducing its own connected TV system. In contrast, Williams-Sonoma (WSM) saw its stock soar following strong third-quarter earnings and an increase in guidance.
Source: YAHOO
Reported about 13 hours ago
Soitec, a French semiconductor materials supplier, announced a 16% decline in first-half sales, resulting in revenue of 338 million euros, down from 401 million euros last year. This drop is attributed to high inventories in the smartphone market and a weakened automotive sector. EBITDA also fell 15% to 113 million euros. Looking forward, the CEO expects differing dynamics in their three end markets with Mobile Communications improving slightly, while Automotive and Industrial sectors remain weak in the near term.
Source: YAHOO
Reported about 13 hours ago
As the Biden administration hosts international allies in San Francisco to discuss AI safety, President-elect Donald Trump's promise to undo Biden's AI policies creates uncertainty for the future of AI governance. The meeting, involving officials from various countries, aims to address crucial issues like deepfakes and fraud as the world seeks to establish safety protocols in AI technology. While Trump's campaign has criticized Biden's approach, experts believe that the technical initiatives aimed at AI safety will likely continue regardless of political shifts.
Source: YAHOO
Reported about 13 hours ago
Finnish authorities have initiated an investigation into the rupture of the C-Lion1 data cable under the Baltic Sea, which links Finland and Germany. This comes amidst a Swedish investigation into potential sabotage following similar damage to another cable between Lithuania and Sweden. The incidents raised concerns, with Finland's National Bureau of Investigation suspecting aggravated criminal mischief, while reports indicated a Chinese-flagged vessel was present in the vicinity during the damage.
Source: YAHOO
Reported about 14 hours ago
US banks have successfully reduced unrealized paper losses that arose during last year's financial turmoil, marking a significant recovery. In the third quarter, the top 30 regional banks reported a 25% decrease in these losses from the previous quarter and a 44% improvement year-over-year, largely due to easing interest rates. This shift is reassuring for banks, particularly regional and community ones, which were previously vulnerable to large, sustained losses.
Source: YAHOO
Reported about 14 hours ago
Ukrainian forces have for the first time launched British cruise missiles at military targets in Russia, marking a significant escalation in the conflict as the war enters its 1,000th day. This action follows the UK government's approval of Storm Shadow missiles in response to Russia's escalatory moves, including the deployment of North Korean troops. Tensions have heightened with the U.S. also supporting Ukraine by providing additional weaponry, despite ongoing discussions about potential cease-fires that remain met with skepticism from Western officials.
Source: YAHOO
Reported about 14 hours ago
As Nvidia prepares to report its fiscal third quarter earnings, analysts express optimism about the company's ability to exceed expectations due to robust demand for AI products. However, questions remain about the long-term sustainability of its remarkable growth, with expectations of continued strong performance into 2025 as attention shifts to future technological advancements.
Source: YAHOO
Reported about 14 hours ago
Super Micro Computer (SMCI) 股票周三下跌，期权交易活动表明市场可能持续波动。这一情况发生在该服务器制造商采取果断步骤以确保其NASDAQ上市地位，包括聘请新审计师和向证监会提交合规计划。
Source: YAHOO
Reported about 14 hours ago
Analysts at Pivotal Research Group have raised Netflix's price target to $1,100 for the end of 2025, attributing the increase to the success of the recent Jake Paul and Mike Tyson fight, prompting a closer examination of the implications for investors.
Source: YAHOO
Reported about 14 hours ago
Qualcomm is looking to diversify its revenue sources by venturing beyond traditional smartphone technology, targeting an additional $22 billion in annual revenue from non-smartphone products by 2029.
Source: YAHOO
Reported about 15 hours ago
Target has signaled concerns over a disappointing holiday shopping season, forecasting flat sales and a lowered profit outlook for the final quarter of the year. The company reported only a 0.3% increase in sales for the latest quarter, attributing its struggles to strained middle-class customers who are prioritizing essential goods due to rising prices. This decline puts Target at risk of losing market share to competitors like Walmart and Amazon, as it continues to focus on non-essential merchandise.
Source: YAHOO
Reported about 15 hours ago
Owning a home has become significantly more expensive compared to renting, with the cost differential soaring to at least 35% in recent years, driven by higher mortgage rates and insurance premiums. Though renting offers more immediate affordability, many Americans still aspire to homeownership despite the persistent increase in home prices. Some renters are opting to remain in the rental market due to the high monthly payments associated with buying a home, which can outstrip the cost of renting.
Source: YAHOO
Reported about 15 hours ago
UBS forecasts that gold prices may rise to $2,900 per ounce by the end of 2025, following a bullish prediction from Goldman Sachs which suggested a potential price of $3,000. Analysts Seana Smith and Madison Mills discuss the market factors influencing these optimistic outlooks.
Source: YAHOO