Reported 4 days ago
S&P Global Ratings report suggests that low credit spreads may mask high borrowing costs and compromised debt sustainability, indicating a possible credit bubble in the US. Investment-grade spreads remain at near-record lows, while high-yield spreads have fluctuated, raising concerns amid rising interest rates and economic uncertainty. Despite this, corporate earnings and overall economic growth provide some assurance, with more credit upgrades than downgrades since 2022, though potential risks remain from upcoming tariff plans.
Source: YAHOO
Reported 4 days ago
On Monday, the 30-year US Treasury yield climbed to 4.68%, its highest since May, attracting investors amid uncertainty following Donald Trump's presidential victory. With strong economic data raising doubts about potential Federal Reserve interest rate cuts, bonds had previously faced declines. Analysts suggest the elevated yield levels provide a cushion for investors, as market reactions will hinge on future economic policies and shifts within the Fed.
Source: YAHOO
Reported 4 days ago
Nasdaq Inc. is set to list options for BlackRock Inc.'s Bitcoin exchange-traded fund (ETF) on Tuesday, allowing investors to trade derivatives that speculate on Bitcoin's performance. This development follows a favorable notice from the Commodity Futures Trading Commission, enabling the Options Clearing Corporation to supervise these trades. Nasdaq's initiative aims to enhance trading opportunities for investors and comes as the iShares Bitcoin Trust ETF has attracted nearly $30 billion in assets since its inception.
Source: YAHOO
Reported 4 days ago
US stock markets closed mixed on Monday, with the S&P 500 and Nasdaq rising due to a surge in Tesla shares, while the Dow Jones Industrial Average dipped slightly. Investors are looking ahead to Nvidia's earnings report on Wednesday to gauge the health of the AI market. Amidst this, Tesla jumped over 5% on news regarding potential relaxed regulations on self-driving vehicles under the incoming Trump administration, while Nvidia shares fell as concerns mounted over their upcoming product issues.
Source: YAHOO
Reported 4 days ago
On November 19, 2024, investors should watch for earnings reports from major retailers Walmart and Lowe's, alongside several other companies. Additionally, housing market data including Housing Starts and Building Permits will be released, providing insight into construction activity. Chicago Fed President Austan Goolsbee is expected to speak, following Fed Chair Jerome Powell's recent remarks about the central bank's cautious stance on interest rates.
Source: YAHOO
Reported 4 days ago
Following President-elect Donald Trump’s victory, confidence among homebuilders is rising, as noted by NAHB CEO Jim Tobin. He anticipates that Trump's second term will bring an accelerating economy and a favorable housing market, aided by low interest rates. Tobin highlights reduced federal regulations as a significant benefit for builders, emphasizing the importance of housing construction in Trump's economic agenda.
Source: YAHOO
Reported 4 days ago
Trump Media & Technology Group's stock surged over 16% after reports revealed it is in advanced negotiations to acquire cryptocurrency exchange Bakkt, which saw its shares skyrocket by over 162%. The stock's rise follows President-elect Trump's positive stance towards cryptocurrencies, highlighted by his attendance at a bitcoin conference and plans for a crypto advisory council. Bakkt has struggled since going public, while Trump’s company faces scrutiny over its financial fundamentals amid a backdrop of rising bitcoin prices.
Source: YAHOO
Reported 4 days ago
As Wall Street anticipates Nvidia's earnings report, Julie Hyman discusses Marvell Technology and ASML Holding with Ivana Delevska of Spear Invest. Delevska highlights Marvell's strong position in the AI GPU market, labeling it a 'Good Buy' due to its potential growth, while ASML is deemed a 'Goodbye' due to challenges in the chip equipment industry and declining revenues from China amid export restrictions.
Source: YAHOO
Reported 4 days ago
Nvidia's shares declined due to reported overheating of its Blackwell chips, just before its third-quarter earnings report. Analyst Hans Mosesmann noted that while Nvidia's technology advancements are outpacing supply chain capabilities, a recovery is expected in early next year, although it may impact unit market share.
Source: YAHOO
Reported 4 days ago
Analysts see potential benefits for Robinhood (HOOD) under a Trump presidency, citing pro-crypto regulations and a favorable SEC leadership change. Analyst John Todaro believes that Robinhood can launch various crypto products, boosting its market share, particularly in the booming meme crypto sector. He indicates that changes at the SEC will provide Robinhood with significant opportunities, especially if Hester Pierce is appointed as SEC chair, as she is viewed as a strong proponent of cryptocurrency.
Source: YAHOO
Reported 4 days ago
A Palantir Technologies board member deleted his X account following his controversial post about the company's upcoming move to the Nasdaq, which he claimed would prompt significant ETF buying and boost share prices for investors. This announcement was made as Palantir prepares to transition their Class A stock listing, aiming for inclusion in the Nasdaq 100 index. Critics have raised concerns over board members making such public statements, especially regarding their company's financial strategies.
Source: YAHOO
Reported 4 days ago
AI startup Perplexity has introduced a shopping hub to enhance its platform and compete with Google's search dominance. This new feature includes product cards displaying relevant items in response to shopping queries, powered by integrations with platforms like Shopify. Perplexity's rollout includes a visual search tool called 'Snap to Shop' and aims to attract more merchants, while the company seeks new investments valuing it at $9 billion.
Source: YAHOO
Reported 4 days ago
A Bitcoin investor, referred to as a 'whale', has transformed a $120 investment made in 2010 into an astonishing $179 million over 14 years by holding onto 2,000 Bitcoin. This massive increase, nearly 150,000,000%, showcases the potential for significant long-term returns in digital assets, as Bitcoin price has risen dramatically in recent years.
Source: YAHOO
Reported 4 days ago
Meredith Whitney, known as the 'Oracle of Wall Street,' states that a 20% decline in home prices is necessary to address the growing divide between baby boomers and younger generations in the housing market. She explains that boomers are not selling due to aging in place and favorable mortgage rates, creating a standoff with buyers. Whitney anticipates a drop in home prices could lead to improved affordability for younger buyers, although current market dynamics suggest prices are unlikely to decline significantly due to a housing supply shortfall.
Source: YAHOO
Reported 4 days ago
The Nasdaq Composite and S&P 500 experience positive gains as they approach Nvidia's earnings report set for Wednesday, with Tesla stocks also on the rise, contributing to market optimism. Market experts provide insight into these movements following Monday's closing bell.
Source: YAHOO
Reported 4 days ago
Lowe's is expected to report its eighth consecutive quarter of same-store sales decline, with analysts predicting a 3% drop in Q3 revenue to $19.93 billion compared to last year and a 9.62% decrease in adjusted earnings per share to $2.82. The estimated decline in same-store sales is 2.7%, influenced by reduced foot traffic despite a slight increase in average ticket size. Positive indicators for future growth include potential Fed rate cuts and recovery efforts following recent hurricanes, which may boost consumer spending for home improvement.
Source: YAHOO
Reported 4 days ago
Trump Media & Technology Group is reportedly in talks to acquire the cryptocurrency trading platform Bakkt, leading to a surge in shares for both companies. The discussions occur as President-elect Donald Trump shows support for the development and regulation of the cryptocurrency market, raising concerns about potential conflicts of interest as he prepares to assume office.
Source: YAHOO
Reported 4 days ago
Source: INVESTORS
Reported 4 days ago
The U.S. government will update automobile safety ratings starting in the 2026 model year, incorporating new driver-assistance technologies like pedestrian detection and blind spot warnings. This change, mandated by a 2021 infrastructure law, aims to improve safety evaluations not just for passengers but also for pedestrians, while introducing a grading system for the new features to motivate automakers. Additional measures include stricter standards for existing safety technologies, with automatic emergency braking becoming standard by 2029.
Source: YAHOO
Reported 4 days ago
President-elect Donald Trump's proposal to eliminate capital gains taxes on cryptocurrencies issued by American companies has sparked excitement in the crypto community, especially for Upland, a U.S.-based firm. With this potential policy shift, investors could profit tax-free from tokens like $SPARKLET and $XRP, positioning the U.S. as a leading hub for crypto. Upland's recent launch of its utility token and partnerships may significantly benefit from this change, although there are concerns about market distortions and possible revenue losses for the government.
Source: YAHOO
Reported 4 days ago
Trump's social media company, Trump Media and Technology Group, is reportedly in advanced negotiations to acquire crypto trading firm Bakkt in an all-stock deal. The news caused Bakkt's shares to surge nearly 66% before trading was halted. This potential acquisition would strengthen Trump's connection to the cryptocurrency industry ahead of the U.S. presidential election.
Source: YAHOO
Reported 4 days ago
Super Micro Computer (SMCI) shares have surged as investors await news on the company's strategy to prevent delisting. Market analysts discuss essential insights for investors while waiting for Super Micro's forthcoming filing update.
Source: YAHOO
Reported 4 days ago
In the wake of Donald Trump's election victory, market rally gains are waning, leading Solidarity Capital CEO Jeff McClean to predict 'super volatile' markets for the rest of 2024. He notes that each new administration appointment impacts market trends and remains optimistic about financial stocks, M&A activities, and IPOs under the incoming administration. McClean expresses trust in the current Federal Reserve leadership while expecting a moderation in monetary policy adjustments.
Source: YAHOO
Reported 4 days ago
Building products distributor QXO Inc. has put forth an offer to acquire Beacon Roofing Supply, as reported by the Wall Street Journal. Market experts discuss the implications of this development on the stock prices of both companies.
Source: YAHOO
Reported 4 days ago
Netflix shares rebounded after experiencing a decline due to technical issues during the live boxing match between Jake Paul and Mike Tyson. The glitches, which caused significant viewer complaints, raised concerns ahead of the upcoming NFL Christmas Day games. Despite these challenges, analysts noted the event attracted immense viewership and expressed confidence in Netflix's ad strategy. The company recently reported strong financial results, though it did warn of potential revenue slowing in the future.
Source: YAHOO