Reported 4 days ago
In the latest Investopedia survey, retail investors are showing a cautious outlook on the market, grappling with uncertainties post-election. Amidst rising Nvidia stock and upcoming policy changes under President-elect Trump, key interests among investors include ETFs and cryptocurrencies. They are evaluating the potential impacts of proposed tax reforms and tariffs on their portfolios, revealing mixed sentiments about the future.
Source: YAHOO
Reported 4 days ago
Super Micro Computer's stock jumped over 20% after the company filed a compliance plan with the SEC to avoid being delisted from Nasdaq. The plan aims to address delayed filings, and follows a series of controversies that had previously sent shares plummeting. Despite recent gains, the stock remains down significantly this year, fueled by concerns over accounting issues and ongoing investigations.
Source: YAHOO
Reported 4 days ago
Palantir Technologies, known for its data analytics and AI solutions tailored for defense and law enforcement, has seen significant stock gains following Trump's election, yet concerns arise regarding its sustainability amid heightened competition. While the company's revenue showed a robust 44% growth year-over-year, its high price-to-earnings ratio of 143 raises questions about valuation, suggesting a possible correction in the next year. Investors are advised to focus on the broader financial health rather than specific, controversial contracts.
Source: YAHOO
Reported 4 days ago
As tensions rise globally and military demands surge, America faces a critical shortage of antimony, a key metal essential for military operations. The U.S. heavily relies on China, which controls almost half of the world's supply and has recently restricted exports. Companies like Military Metals Corp. are stepping in to secure new antimony sources in North America and Europe, aiming to diminish China's dominance and support U.S. defense needs at a time when demand is rapidly increasing.
Source: YAHOO
Reported 4 days ago
Source: BARRONS
Reported 4 days ago
MSNBC 'Morning Joe' hosts Joe Scarborough and Mika Brzezinski, known for their sharp criticism of Donald Trump, met with him at Mar-a-Lago to reopen lines of communication for their viewers. The unexpected meeting, which comes two weeks after the election, has drawn mixed reactions, with some praising their willingness to engage and others criticizing it as submission. Trump acknowledged the meeting, expressing regret that it hadn't happened sooner. Scarborough emphasized their role in providing insight rather than normalizing Trump.
Source: YAHOO
Reported 4 days ago
President-elect Trump's nomination of Robert F. Kennedy Jr. as Secretary of Health and Human Services has raised alarm regarding his critical views on the pharmaceutical industry and GLP-1 drugs. Analysts express worries about Kennedy's inexperience in executive roles impacting policy advancements, particularly with Medicare coverage. However, some suggest that the recent declines in pharmaceutical stocks may be exaggerated.
Source: YAHOO
Reported 4 days ago
The U.S. Department of Justice plans to request a judge to compel Alphabet's Google to sell its Chrome browser, citing concerns of illegal monopolization in the search market. This request follows a previous ruling against Google and highlights ongoing efforts by the Biden administration to tackle perceived Big Tech monopolies. Google has criticized the move as harmful to consumers, while the outcome of the case could be affected by the political landscape, including Donald Trump's potential re-election.
Source: YAHOO
Reported 4 days ago
Super Micro Computer announced the appointment of BDO USA as its auditor and submitted a plan to Nasdaq for an extension to regain compliance with listing rules, causing its shares to jump 25% in after-hours trading. The company plans to finalize its annual and quarterly reports but hasn't provided a target date. This comes after facing compliance issues from delays in filing its annual 10-K report and accusations of accounting manipulation. Despite recent challenges, including a notable decline in shares this year, optimism remains due to AI-driven demand for its products.
Source: YAHOO
Reported 4 days ago
Court documents reveal that Jeffrey Epstein maintained communication with ex-Barclays CEO Jes Staley through his daughter, Alexa Staley, between 2016 and 2017, despite Staley's claims that he severed ties with Epstein after becoming CEO. The emails, disclosed in a legal case regarding Staley's ties to Epstein, show that Alexa acted as an intermediary for Epstein's inquiries, including a suggestion for Staley to consider a Treasury Secretary position under President Trump. Staley is currently appealing a ban from the UK finance industry, arguing he misled regulators about his interactions with Epstein.
Source: YAHOO
Reported 4 days ago
Amazon and Elon Musk's SpaceX have initiated a legal challenge against the National Labor Relations Board (NLRB), arguing that its structure is unconstitutional. This challenge, occurring in a federal appeals court, arises from disputes regarding workers' rights and union activities, with potential implications that could limit the NLRB's power, which has been enforcing labor laws for nearly a century. Both companies are appealing after facing complaints from the NLRB, with SpaceX disputing allegations of unlawful firings and Amazon contesting the handling of a union election. The cases may eventually reach the U.S. Supreme Court.
Source: YAHOO
Reported 4 days ago
Archer-Daniels-Midland Co. has restated its previous earnings following the discovery of new accounting errors, aiming to regain investor trust. The Chicago-based company noted that the revised figures for intersegment sales, which had been overestimated by $1.28 billion, do not affect its consolidated results for 2023 or the first half of this year. This move comes after an accounting scandal that resulted in significant market value loss and ongoing investigations. Despite the challenges, ADM's operating profits remained unchanged, though its shares have dropped 27% this year.
Source: YAHOO
Reported 4 days ago
In 2024, US blue-chip companies have issued $1.417 trillion in high-grade bonds, marking the second-highest level in history, just surpassing last year’s record before interest rates increased. As companies aim to capitalize on favorable borrowing costs before the holiday season, the bond market remains active, with predictions of $20 billion to $25 billion more in issuance this week. Factors such as falling risk premiums and stabilized market conditions are encouraging borrowing, despite potential cost increases anticipated in 2025.
Source: YAHOO
Reported 4 days ago
The Magnificent Seven stocks—including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—are witnessing a slowdown in earnings growth compared to the broader S&P 500. As Nvidia prepares to report earnings on November 20, experts discuss the implications of this deceleration and the potential for broader trends within the S&P 493.
Source: YAHOO
Reported 4 days ago
Corteva Inc. has announced a groundbreaking non-genetically modified wheat seed that could increase yields by 10% using the same resources. This innovation aims to capitalize on the expected growth in demand for wheat while competing against GMO options from rivals like Bioceres. Set to enter the North American market by 2027, Corteva's new hybrid seed could significantly enhance wheat production, which has been declining in the U.S. amid rising competition.
Source: YAHOO
Reported 4 days ago
Super Micro Computer Inc. shares surged by up to 27% following the announcement of a new auditor, BDO USA, and a plan to comply with Nasdaq listing requirements. The company's compliance plan seeks to file outstanding financial reports, including the delayed 10-K for the fiscal year ending June 30, 2024. Super Micro aims to remain listed on Nasdaq after facing challenges, including a previous auditor's resignation and a DOJ probe, but some analysts remain optimistic about its potential in the AI server market.
Source: YAHOO
Reported 4 days ago
In a recent market summary, Yahoo Finance's Josh Schafer discusses significant takeaways from the day, focusing on Tesla's stock rise amid the broader 'Trump trade', the market's anticipation for Nvidia's third-quarter earnings, and Wall Street's targets for the S&P 500 as they consider the potential economic impact of the incoming Trump administration.
Source: YAHOO
Reported 4 days ago
Trump Media & Technology Group's stock surged nearly 17% after reports emerged that the company is in discussions to acquire the cryptocurrency exchange Bakkt. President-elect Donald Trump, who owns a 53% share in Trump Media, has stated he intends to hold on to his stake. Bakkt's shares also saw significant gains before being halted for volatility, further reflecting the impact of Trump Media's prospective acquisition.
Source: YAHOO
Reported 4 days ago
Robbie Mitchnick, head of digital assets at BlackRock, emphasizes that while Bitcoin is a 'risky' asset, it should not be classified as a risk-on asset. In light of the recent rally linked to President-elect Donald Trump's victory and the new ETF access, Mitchnick argues that Bitcoin's volatility and regulatory uncertainties differentiate it from more traditional risk-on assets. He urges investors to understand Bitcoin's unique position within portfolios and highlights the importance of education in navigating the evolving crypto landscape.
Source: YAHOO
Reported 4 days ago
Following the Biden administration's decision to allow Ukraine to utilize US-made missiles in their ongoing conflict with Russia, oil prices have experienced a significant increase. Yahoo Finance's Ines Ferré discusses the implications of this decision on the market with host Josh Lipton.
Source: YAHOO
Reported 4 days ago
Phil Orlando, chief market strategist at Federated Hermes, forecasts an optimistic trajectory for the S&P 500, aiming for 6200 by the end of 2024, 7000 by the end of 2025, and ultimately reaching 7500 by 2026. He attributes these expectations to anticipated tax changes from the newly elected government but warns of uncertainty tied to personnel decisions under Trump's administration, which could greatly impact markets.
Source: YAHOO
Reported 4 days ago
The average retail price of diesel has fallen to $3.491 per gallon, its lowest since October 2021, marking a decrease of $2.319 since its peak of $5.81 in June 2022. Despite fluctuations in the oil markets influenced by potential U.S. sanctions against Iran and varying regulations, the U.S. refining industry is operating at high capacity, offering some optimism for diesel consumers.
Source: YAHOO
Reported 4 days ago
The U.S. Senate Judiciary subcommittee plans to hold a hearing regarding recent Chinese hacking incidents, particularly those impacting American telecom companies. Chaired by Senator Richard Blumenthal, the session aims to discuss the implications of Chinese cyber threats on U.S. democracy, national security, and the economy, alongside potential conflicts of interest involving Elon Musk. This follows revelations that China-linked hackers compromised networks of telecom firms, intercepting surveillance data intended for U.S. law enforcement.
Source: YAHOO
Reported 4 days ago
The Bank of Japan (BOJ) is set to release findings next month from a review assessing the impacts of its unconventional monetary easing methods used over the past 25 years. This marks a pivotal move toward normalizing monetary policy and may potentially include a decision to raise interest rates from the current 0.25% during the BOJ's final policy meeting of the year. The review is expected to analyze the limitations of past stimulus efforts and provide insights into the BOJ's future policies in response to evolving economic conditions.
Source: YAHOO
Reported 4 days ago
The post-election environment is fostering optimism in the crypto sector, with discussions led by Kelly Kellam highlighting the potential for Bitcoin's rise due to favorable policies and institutional backing. The anticipated Trump administration is seen as a pro-crypto force, with factors like SEC developments and corporate interest, notably from Microsoft, enhancing momentum. Predictions suggest Bitcoin could reach between $240,000 and $260,000 in the near future, driven by significant capital inflows from institutions and nations.
Source: YAHOO