Reported 11 days ago
Barclays has upgraded New York Community Bank (NYCB) from 'Equal Weight' to 'Overweight', anticipating improved performance for the stock. Financial analysts Julie Hyman and Josh Lipton discuss the upgrade in their latest segment on Market Domination.
Source: YAHOO
Reported 11 days ago
Wendy's is seizing the opportunity presented by McDonald's infamous broken ice cream machines by offering small Frosty desserts for just $1 until September 30. In collaboration with the website McBroken, Wendy's is highlighting its reliable dessert option as nearly 15% of McDonald's ice cream machines are currently out of service, particularly during peak hours. This move not only aims to attract budget-conscious customers but also positions Wendy's Frosty as a popular alternative to McDonald's ice cream products.
Source: YAHOO
Reported 11 days ago
Wall Street analysts are expressing concerns about lower-than-expected demand for Apple's new iPhone 16 lineup, as evidenced by shorter shipping times compared to previous launches. Analysts note that the average lead time for the iPhone 16 is significantly lower than for the iPhone 15 and 14 models. Factors affecting this trend may include a more efficient supply strategy by Apple and potential consumer hesitation to upgrade until the launch of the new 'Apple Intelligence' feature expected later this fall.
Source: YAHOO
Reported 11 days ago
All three major indexes closed higher on Thursday, driven by better-than-expected initial claims and GDP data, which boosted investor confidence in the economy. Additionally, Micron's optimistic first-quarter forecast contributed to gains in tech stocks.
Source: YAHOO
Reported 11 days ago
The average rate for a 30-year fixed mortgage has decreased to 6.08%, marking a decline from 6.09% the previous week and representing the lowest rate in two years, according to Freddie Mac data. Yahoo Finance reporter Claire Boston provides an overview of the current housing market.
Source: YAHOO
Reported 11 days ago
The United States Postal Service (USPS) announced plans to raise First-Class postage prices from the current 73 cents five times through 2027, with scheduled hikes every January and July. The first increase is set for July 2025. USPS will maintain its commitment to affordability and efficiency amid declining mail volume due to digital communication.
Source: YAHOO
Reported 11 days ago
Deutsche Bank has raised its price target for Nike shares (NKE), attributing the adjustment to the recent change in CEO and expectations surrounding upcoming earnings. Market analysts Josh Lipton and Julie Hyman analyzed the implications of this decision in the latest episode of Market Domination.
Source: YAHOO
Reported 11 days ago
Michael Darda, chief economist at Roth Capital Partners, discusses the mixed signals from recent economic data during an appearance on Yahoo Finance. While initial jobless claims have dropped to a four-month low, other indicators suggest a weakening labor market, raising concerns about potential unemployment increases and a recession. Despite the optimism reflected in market highs, Darda warns that the prevailing data leaves more questions than concrete answers.
Source: YAHOO
Reported 11 days ago
Alphabet, the parent company of Google, plans to invest $3.3 billion in South Carolina to construct two new data centers, according to CEO Sundar Pichai. This investment includes $2 billion for facilities in Dorchester County and $1.3 billion to expand an existing site in Berkeley County, creating 200 operational jobs. The investment comes as Alphabet and other tech giants significantly ramp up infrastructure spending to support AI development.
Source: YAHOO
Reported 11 days ago
Chip stocks such as Nvidia, AMD, and Intel are experiencing gains as Micron announces stronger-than-expected Q4 earnings and raises guidance for Q1. Analysts discuss the implications for the sector and Micron's financial performance.
Source: YAHOO
Reported 11 days ago
Super Micro Computer's stock has experienced a significant drop following a Wall Street Journal report indicating that the Department of Justice is investigating the company for possible accounting irregularities. Trading of the stock was temporarily halted due to the news.
Source: YAHOO
Reported 11 days ago
Recent data from the Department of Labor indicates that initial jobless claims have fallen to their lowest level in four months. Madison Mills joins Brad Smith on Wealth! to discuss the implications of this trend and provide insights into the latest market conditions.
Source: YAHOO
Reported 11 days ago
Super Micro Computer's stock fell by 15% following a Wall Street Journal report indicating a DOJ investigation into potential accounting violations. This development comes after previous concerns raised by a short-seller about the company's financial practices. Despite this drop, shares remain up 57% year-over-year. The CEO reassured customers that production capabilities are unchanged, but analysts have downgraded the stock and significantly lowered price targets.
Source: YAHOO
Reported 11 days ago
US Treasury Secretary Janet Yellen and former Federal Reserve Chair Ben Bernanke expressed optimism that the US will likely avoid a recession, citing stabilizing labor markets and decreasing inflation in their recent comments. Yellen noted the cooling job market and ongoing inflation adjustments, while Bernanke mentioned risks related to unemployment should the economy slow down. Recent data shows a 3% annualized economic growth in the second quarter and a decline in unemployment claims, reinforcing a positive outlook as the Fed considers further rate cuts.
Source: YAHOO
Reported 11 days ago
Daniel Lubetzky, the founder of Kind Snacks and the newest judge on 'Shark Tank', shares insights about his role on the show and the food industry. He emphasizes the importance of authenticity in business and acknowledges the unhealthy trends in the food sector due to ultra-processed ingredients. Lubetzky also talks about his confidence in his recent investment in Cava, highlighting that strong products can thrive even amidst economic challenges.
Source: YAHOO
Reported 11 days ago
According to a recent report by the Indeed Hiring Lab, artificial intelligence (AI) is more likely to assist rather than replace human workers, with only 28.5% of skills potentially vulnerable to AI automation. Economist Cory Stahle emphasizes that jobs requiring human interaction are safer, while tasks dependent on structured data, like accounting, face greater risk. He suggests that workers should view AI as a tool to enhance their productivity and urges them to learn and adapt to these technologies.
Source: YAHOO
Reported 11 days ago
Shares of Super Micro Computer fell over 15% following news of a Department of Justice investigation into possible accounting violations. Meanwhile, Costco is set to announce its fourth-quarter earnings, attracting analysts' attention alongside other trending stocks like Micron Technology and Alibaba.
Source: YAHOO
Reported 11 days ago
A significant majority of parents believe they should teach their children about managing money, yet many college students feel unprepared for financial realities. According to Mary Hines Droesch from Bank of America, parents should start teaching financial concepts as early as six years old through practical experiences. Using everyday scenarios, like grocery shopping, and introducing allowances can help children understand the value of money, distinguishing wants from needs, and saving for larger purchases.
Source: YAHOO
Reported 11 days ago
U.S. airlines have canceled over 1,200 flights and delayed more than 4,100 others as Hurricane Helene approaches Florida's Big Bend. Major carriers like Southwest, American, and Delta are significantly impacted, prompting travel advisories and warnings for coastal evacuations ahead of the storm.
Source: YAHOO
Reported 11 days ago
The Department of Justice is investigating Super Micro Computer (SMCI) for accounting violations, triggered by a report from activist short-seller Hindenburg Research. Following the announcement, the trading of Super Micro Computer was briefly halted but has since resumed. Analysts Seana Smith and Madison Mills provide further details on the situation.
Source: YAHOO
Reported 11 days ago
As Hurricane Helene approaches the Gulf Coast, Wealth! Host Brad Smith discusses the limitations and coverage aspects of homeowners insurance in the context of increasingly frequent extreme weather events.
Source: YAHOO
Reported 11 days ago
Kamini Lane, CEO of Coldwell Banker Realty, discusses the implications of the Federal Reserve's interest rate cut on the housing market amid an affordability crisis. She highlights that home affordability is at its lowest since 1985 and emphasizes the psychological effect of the Fed's actions on buyers. While mortgage rates remain higher than in previous years, Lane believes further reductions and increased inventory will encourage buyers to return to the market and address current affordability concerns.
Source: YAHOO
Reported 11 days ago
The average rate for a 30-year fixed-rate mortgage fell to 6.08%, marking its lowest level in two years. While mortgage applications surged due to refinancing, many potential homebuyers are eagerly watching to see if rates will drop further before making a purchase.
Source: YAHOO
Reported 11 days ago
The S&P 500 hit a new intraday high as investors await further Federal Reserve rate cuts. Great Hill Capital's Thomas J. Hayes shares an optimistic outlook, suggesting lesser-known stocks could outperform the well-known 'Magnificent Seven' due to stronger earnings potential. He anticipates small caps will edge out large caps, value stocks will outshine growth stocks, and emerging markets will surpass developed markets.
Source: YAHOO
Reported 11 days ago
Oil prices dropped more than 2% after reports indicated that Saudi Arabia plans to ease production cuts starting December 1, even if it means lower prices. This decision comes as the country looks to regain market share, abandoning its previous unofficial price target of $100 per barrel. Following the announcement, West Texas Intermediate crude fell below $68 per barrel, while Brent crude hovered around $71 per barrel.
Source: YAHOO