Reported 3 months ago
Cocoa futures have reached their lowest point in over four months as traders assess a potential rise in supply against weak demand expectations. The most-active futures contract in New York fell by 4.4%, influenced by an anticipated surplus in the upcoming season and concerns about production recovery in major producers like Ivory Coast and Ghana. Analysts are cautious about rising cocoa prices impacting demand, with concerns that chocolate manufacturers may face margin pressures as consumer preferences shift towards more affordable options.
Source: YAHOO
Reported 3 months ago
A new reform bill for the Federal Reserve's discount window, introduced by Senator Mark Warner, aims to address the long-standing stigma associated with this emergency lending facility. The Fed seeks to encourage banks to utilize the discount window during liquidity crises, following the challenges faced in March 2023 which highlighted the urgent need for modernization. The bill mandates that banks test their access to the discount window and requires accountability from regulators, fundamentally reshaping how banks view and access emergency loans.
Source: YAHOO
Reported 3 months ago
Tesla's stock surged in Monday trading following Morgan Stanley's analyst Adam Jonas naming the company as a 'top pick.' Jonas highlighted Tesla's potential for positive cash flow due to recent cost-cutting and restructuring efforts, creating a positive outlook amid discussions on the overall electric vehicle market.
Source: YAHOO
Reported 3 months ago
The comic book film 'Deadpool & Wolverine' exceeded expectations with a $211 million debut, making it the sixth largest opening weekend ever, surpassing 'Jurassic World.' Directed by Shawn Levy and starring Ryan Reynolds and Hugh Jackman, the film also set a record for R-rated movies. The total global earnings reached $444.3 million.
Source: YAHOO
Reported 3 months ago
The newly launched Ethereum ETFs in the U.S. faced $340 million in outflows during their first week, as investors withdrew funds from a high-fee legacy product converted into an ETF. While investors shifted their assets, the new ETFs attracted $1.17 billion within just four trading days, with major inflows noted for funds by BlackRock, Bitwise, and Fidelity. Meanwhile, Grayscale's fund suffered a loss of $1.5 billion, leading to increased interest in their new Ethereum Mini Trust, which has a lower fee structure.
Source: YAHOO
Reported 3 months ago
In a recent discussion, Anthony Pompliano shared his insights on Trump’s evolving perspective towards Bitcoin, suggesting he may be more sympathetic now than in the past due to his close associates' influence. Pompliano pointed out that regardless of the political landscape, the U.S. national debt is on the rise, leading to the devaluation of the dollar, which historically favors Bitcoin’s long-term increase in value.
Source: YAHOO
Reported 3 months ago
Small-cap stocks are witnessing a rally as market rotation continues, particularly in the tech sector. RBC Capital's Lori Calvasina indicates that despite earnings not fully supporting the trend, small-cap stocks may see further short-term gains. The analysis was discussed during Yahoo Finance's Morning Brief with hosts Brian Sozzi and Brad Smith.
Source: YAHOO
Reported 3 months ago
McDonald's recent quarterly report revealed a disappointing decline in global same-store sales, attributed to rising prices and a shift in customer behavior. Wedbush's Nick Setyan highlighted that the $5 meal, aimed at drawing customers from grocery shopping, is backfiring by also alienating higher-income customers who don’t need such offers, suggesting that the fast-food giant may need to rethink its pricing strategy.
Source: YAHOO
Reported 3 months ago
Philips shares experienced a significant boost in trading after the company reported a 2% year-over-year increase in comparable sales, with robust demand in North America countering a decline in China.
Source: YAHOO
Reported 3 months ago
The Federal Reserve is in the process of reducing its balance sheet, which is still larger than pre-pandemic levels. According to BlackRock's Tom Becker, expectations are that the Fed will maintain a cautious stance, avoiding significant changes to its portfolio following a major adjustment in June. Future discussions may focus on the composition of the balance sheet and the duration of the bonds held, but substantial shifts are not anticipated.
Source: YAHOO
Reported 3 months ago
This week, several companies are executing stock splits, including Meta Data Limited with a reverse split to comply with NYSE requirements, Ashford Inc. with a dramatic reverse and forward split to ease delisting, and Sacks Parente Golf initiating a reverse split for Nasdaq compliance. Concord Medical Services will alter its ADS structure, and Viridien has already executed a reverse split. Investors should pay attention to these changes for potential market impacts.
Source: YAHOO
Reported 3 months ago
The Federal Reserve's upcoming two-day meeting starting July 30 is anticipated to maintain current interest rates, but investors are keenly observing communications from leadership, particularly Chair Jerome Powell, for indications of possible rate cuts in September. Yahoo Finance's Jennifer Schonberger discusses what to expect and the implications for the market.
Source: YAHOO
Reported 3 months ago
Global tensions have influenced crude oil prices, prompting investors to monitor the effects of geopolitical events on the market. Analyst Bob Iaccino from Path Trading Partners suggests there could be 'an August surprise' from OPEC+ regarding production cuts, largely influenced by reduced demand traced back to weakness in China. He emphasizes that if one believes the economy isn't slowing as significantly as perceived, then energy could be a strong sector to watch during periods of reflation.
Source: YAHOO
Reported 3 months ago
US stocks opened higher on Monday as the Dow Jones, S&P 500, and Nasdaq all saw gains, setting the stage for a significant week of economic events. Investors are anticipating a Federal Reserve rate decision, a crucial jobs report, and earnings from major tech companies like Apple and Microsoft. Despite earlier losses, markets rebounded amid optimistic inflation readings, although caution remains following recent market volatility.
Source: YAHOO
Reported 3 months ago
Wharton finance professor Jeremy Siegel predicts a significant change in the stock market as the Federal Reserve is expected to initiate rate cuts, which could benefit underperforming value stocks. With the S&P 500 Value index lagging behind growth stocks this year, Siegel emphasizes that a shift towards value investing may occur once the Fed lowers interest rates, especially amid cooling inflation data that supports this move.
Source: YAHOO
Reported 3 months ago
Major video game publishers like Electronic Arts and Take-Two are likely to weather a recent strike by voice actors and motion-capture artists, thanks to in-house studios and long game development cycles. Analysts suggest that the impact on production will be minimal, as ongoing projects were initiated years ago, with little budget impact from voice work leading companies to continue development. However, the strike raises concerns about broader industry challenges and could affect future earnings if unresolved by early September.
Source: YAHOO
Reported 3 months ago
Abbott Laboratories has been ordered by a jury to pay $495 million in damages after being found liable for not disclosing that its baby formula for premature infants could increase the risk of bowel disease. The company intends to appeal the ruling.
Source: YAHOO
Reported 3 months ago
Bitcoin prices have seen a significant increase after former President Donald Trump expressed his bullish stance on the cryptocurrency, promising to retain his bitcoin holdings and hinting at possible actions against SEC Chair Gary Gensler. Analysts are now assessing what implications a Trump presidency could have on the cryptocurrency market.
Source: YAHOO
Reported 3 months ago
Kamala Harris's investment portfolio reveals significant wealth, estimated at around $8 million, primarily from real estate, stocks, and index funds. Her financial growth accelerated after her marriage to lawyer Douglas Emhoff, whose earnings bolstered their combined assets. Their investments include substantial retirement accounts, dominated by ETFs and mutual funds, as well as a notable real estate that has seen considerable appreciation in value. This overview provides a snapshot of the financial maneuvers behind her burgeoning net worth.
Source: YAHOO
Reported 3 months ago
ON Semiconductor's shares surged in early trading after the company reported second quarter earnings that exceeded analyst estimates. Additionally, its guidance for the third quarter aligns closely with Wall Street's expectations.
Source: YAHOO
Reported 3 months ago
A significant number of earnings reports from 171 S&P 500 companies are set to be released this week, which may influence stock market movements. Investor attention is on technology stocks as they navigate through recent adjustments, with experts evaluating whether the market is stabilizing or headed for further decline. Despite recent weaknesses, analysts suggest that the fundamentals of tech stocks remain strong, although rising valuations could lead to increased market volatility.
Source: YAHOO
Reported 3 months ago
A 66-year-old couple with $715,000 in 401(k)s and $2,700 in monthly Social Security could expect a total annual income of around $61,000, potentially covering their expenses. However, individual needs and costs can vary significantly. Creating a personalized retirement budget that balances income with major expense categories such as housing, healthcare, and taxes is essential. A consultation with a financial advisor can help tailor a suitable retirement plan to ensure financial stability.
Source: YAHOO
Reported 3 months ago
Heineken's stock plummeted following the announcement of disappointing first-half profits, impacted significantly by an impairment related to its investment in China Resources Beer.
Source: YAHOO
Reported 3 months ago
The S&P 500 opened higher on Monday, reflecting a continued shift toward small-cap stocks, though the Dow Jones Industrial Average reversed its gains shortly after. Notably, Bitcoin prices also increased following positive remarks from former President Donald Trump at a recent conference. Market reporter Jared Blikre provides further analysis on the morning's market movements.
Source: YAHOO
Reported 3 months ago
Starbucks is anticipated to announce weak sales in its upcoming earnings report, with experts predicting a modest revenue growth of just 0.37% to $9.20 billion and an adjusted earnings per share of $0.92, down from $1.00 a year ago. Same-store sales are projected to decline for the second consecutive quarter, primarily due to reduced consumer traffic and macroeconomic pressures. The company aims to rebound through new product launches, but analysts express concern over persistent challenges in its key markets, particularly China.
Source: YAHOO