Reported 5 days ago
BlackRock has become a significant beneficiary of a post-election bitcoin surge following Donald Trump’s victory, with its spot bitcoin ETF (IBIT) seeing inflows of $13 billion, pushing total assets to over $40 billion in less than a year. Once a skeptic of cryptocurrency, CEO Larry Fink now recognizes its mainstream acceptance, as pro-crypto sentiments gain traction with potential new policies under a Trump administration. Other companies, like Coinbase and MicroStrategy, are also experiencing substantial stock gains as the cryptocurrency market expands.
Source: YAHOO
Reported 5 days ago
A recent analysis reveals that U.S. government health plans, particularly Medicaid, provide majority coverage for Novo Nordisk's Wegovy and Eli Lilly's Zepbound weight-loss medications, reaching over 52 million Americans. This contrasts sharply with commercial health plans, which cover less than half that amount. The high price and ongoing demand for these drugs highlight significant disparities in coverage, sparking discussions on broader insurance policies and the treatment of obesity in the U.S.
Source: YAHOO
Reported 5 days ago
Plug Power, known for its hydrogen fuel cell technology, is facing significant challenges as its stock has plummeted 97% from a 2021 high, currently trading below $3. Despite potential growth in the green hydrogen market, the company has reported a 35% revenue decline this year and ongoing operational losses. Investors should exercise caution and wait for improvements in the company’s financial health before considering buying shares.
Source: YAHOO
Reported 5 days ago
MTN, Africa's largest mobile operator, is looking into partnerships with low-Earth-orbit satellite providers to enhance internet access for rural and remote customers. Group CEO Ralph Mupita noted that satellite internet, like that offered by Starlink, can provide high-speed connectivity in areas underserved by traditional telecommunications infrastructure. MTN is conducting proof of concepts with several satellite operators and aims to ensure that LEO satellite firms are subject to the same regulatory requirements as terrestrial operators.
Source: YAHOO
Reported 5 days ago
This article highlights ten promising dividend-focused exchange-traded funds (ETFs) that investors can start with as little as $1,000, aiming for significant passive income over time. These ETFs showcase varying yields and average returns, catering to diverse investor preferences for dividend growth or yield. Noteworthy options include JPMorgan Equity Premium Income ETF and Schwab U.S. Dividend Equity ETF, among others, each with unique strategies and investment focuses.
Source: YAHOO
Reported 5 days ago
Spirit Airlines has filed for Chapter 11 bankruptcy as it deals with over $2.5 billion in losses since 2020 and impending debt payments exceeding $1 billion in 2025 and 2026. Despite the bankruptcy filing, the airline plans to operate normally, allowing customers to book flights and use frequent-flyer points. Spirit has been facing stiff competition and rising costs, leading to a 20% drop in revenue per mile. In a shift from its traditional low-cost model, the airline has introduced bundled fares and cut its schedule to enhance profitability.
Source: YAHOO
Reported 5 days ago
In a challenging market, analysts have identified two dividend stocks to consider: AFC Gamma, a cannabis-focused REIT with a staggering 14.3% yield, and Four Corners Property Trust, a traditional REIT with a 5% yield. Both companies have shown solid financial results and exhibit potential for future growth, with AFC Gamma leading due to its unique position in a rapidly expanding industry. Investors seeking consistent income may find these stocks appealing as market volatility persists.
Source: YAHOO
Reported 5 days ago
Warren Buffett's portfolio includes Ares Capital, a leading business development company boasting a forward dividend yield of 8.9%. Ares Capital, which manages a diversified portfolio primarily focused on strong, stable companies, has seen significant total returns and consistent dividend growth since its inception in 2004. Despite some risks including leverage and potential client defaults, its solid fundamentals make it a compelling buy for dividend-seeking investors.
Source: YAHOO
Reported 5 days ago
Spirit Airlines has filed for bankruptcy protection as it faces significant financial losses and impending debt payments.
Source: YAHOO
Reported 5 days ago
In a climate of stock-split enthusiasm in 2024, Lam Research (NASDAQ: LRCX) has become a focus for investors following its 10-for-1 split on October 2, 2024. Although its shares are currently down 36% from their peak, Wall Street analysts see a potential upside of 29% over the next 12 months, driven by growth in advanced semiconductor technologies and a rebound in NAND flash memory investments. Despite risks related to market volatility in China and potential tariffs, analysts remain optimistic about Lam Research's long-term prospects.
Source: YAHOO
Reported 5 days ago
Xiaomi Corp announced a significant 30.5% increase in its third-quarter revenue, driven by soaring demand for its first electric vehicle, the SU7 sedan. The company raised its electric vehicle delivery target to 130,000 for the year, surpassing previous estimates as it seeks to capitalize on China's booming EV market. Despite still operating at a loss in its automotive segment, Xiaomi is aggressively investing in manufacturing and technology, including autonomous driving, aiming for substantial growth in the coming years.
Source: YAHOO
Reported 5 days ago
Wall Street analysts are downgrading their expectations for corporate earnings growth, which may halt the current stock market rally. A key indicator of earnings momentum has shifted to negative territory, raising concerns about the sustainability of gains in the S&P 500, especially as companies display mixed outlooks amid economic uncertainties. Analysts predict a modest profit growth overall for 2025, suggesting that high valuations in the index may face downward pressure if robust profit growth does not materialize.
Source: YAHOO
Reported 5 days ago
Delivery Hero SE is planning to raise up to $1.5 billion from its Middle Eastern subsidiary Talabat's initial public offering in Dubai, selling a 15% stake at 1.50 to 1.60 dirhams per share. This IPO, set to begin trading on December 10, 2024, could position Talabat’s valuation at $10 billion. Despite recent mixed results from other regional IPOs, analysts view Talabat as the 'crown jewel' of Delivery Hero's portfolio due to its growth potential and strong market position across eight Middle Eastern countries.
Source: YAHOO
Reported 5 days ago
Top oil companies like ConocoPhillips and Devon Energy are significantly increasing cash returns to shareholders, driven by strong cash flow from operations and strategic acquisitions. ConocoPhillips plans to return $9 billion this year and raise dividends by 34%, while Devon is focusing on stock buybacks and aims to return up to 70% of its free cash flow to investors. Both companies are well-positioned to continue delivering strong total returns in the years ahead.
Source: YAHOO
Reported 5 days ago
As Thanksgiving approaches, national average gasoline prices in the US are expected to drop below $3 per gallon for the first time in three years, coinciding with a return to pre-pandemic travel levels. AAA forecasts 71.7 million car travelers during the holiday week, leading to increased traffic but lower fuel costs as prices continue to decline, driven by reduced crude oil prices and high refinery output. While gasoline demand has rebounded year-on-year, refiners are still facing challenges, and air travelers benefit from lower international flight costs.
Source: YAHOO
Reported 5 days ago
Spirit Airlines, a pioneer in no-frills travel in the U.S., has filed for bankruptcy protection after struggling with ongoing quarterly losses, failed merger attempts, and increasing debt. Despite strong travel demand, the airline has faced substantial operating costs, further exacerbated by the collapse of a planned merger with JetBlue and issues with its aircraft engines. As part of its Chapter 11 process, Spirit has secured financial backing from bondholders and plans to continue operations while aiming for a return to profitability.
Source: YAHOO
Reported 5 days ago
Billionaire Jeff Yass has sold 29% of Susquehanna International's stake in Nvidia, amounting to around $722 million, as he shifts focus toward investing in Meta Platforms. Susquehanna raised its investment in Meta by 54%, which is seen as a promising opportunity in the booming AI sector, despite the company's significant expenditures on AI infrastructure.
Source: YAHOO
Reported 5 days ago
Billionaire investor Warren Buffett, through Berkshire Hathaway, has sold off its entire stake in Floor & Decor after a decline in profits and sales, marking a significant shift in strategy. In its place, Berkshire has made a new investment in Domino's Pizza, purchasing over 1.27 million shares valued at around $549 million. This move reflects Buffett's cautious approach amid current economic challenges and positions Berkshire in a growing and resilient sector.
Source: YAHOO
Reported 5 days ago
Spirit Airlines Inc. has filed for Chapter 11 bankruptcy in New York, seeking to restructure $1.6 billion in debt after unsuccessful merger attempts with rivals. The airline will continue operations during the bankruptcy process, which is expected to conclude by early 2025. Bondholders will gain control through a debt restructuring deal, and Spirit aims to adapt its business model to better compete in the post-pandemic market. Despite numerous challenges, the airline promises that customers can still utilize their tickets and points normally.
Source: YAHOO
Reported 5 days ago
China's recent cancellation of tax rebates on aluminum exports has sent shockwaves through the aluminum industry, causing significant declines in stock prices for Chinese companies while international counterparts seem to gain. The reform, aimed at addressing overcapacity and low profitability among Chinese enterprises, will make Chinese aluminum more expensive on the global market, potentially reducing export volumes. Analysts suggest that while the immediate effects may be challenging for exporters, the long-term benefits could help clear excess capacity in the industry.
Source: YAHOO
Reported 5 days ago
A year after Javier Milei's election as President of Argentina, investors are increasingly confident in his austerity measures and economic reforms, even as the country faces a recession and high inflation. Despite significant spending cuts and a recent fiscal surplus, Milei's popularity remains relatively stable, prompting further investment in Argentina's stocks and bonds. As the government focuses on curbing inflation, eyes are on the upcoming 2025 midterms, which could affect Milei's political strength and the nation’s financial strategies.
Source: YAHOO
Reported 5 days ago
Nomura has indicated that the U.S. Federal Reserve is unlikely to cut interest rates during its December meeting, marking it as the first major brokerage to do so following Donald Trump's election victory. The firm forecasts only two rate cuts of 25 basis points each in March and June 2025, maintaining its projection for the Fed's rate at 4.125% through the next year, amid ongoing inflation concerns and a robust economy.
Source: YAHOO
Reported 5 days ago
President-elect Donald Trump has announced Brendan Carr as the new chairman of the Federal Communications Commission (FCC). A strong opponent of the Biden administration's telecom policies and a critic of Big Tech, Carr previously served as the top Republican on the FCC and has called for measures to restore free speech rights and hold tech companies accountable. His appointment is expected to shift the FCC's focus on regulation and licensing, amid controversies over censorship and ownership rules.
Source: YAHOO
Reported 5 days ago
Warren Buffett's Berkshire Hathaway has recently acquired nearly 1.28 million shares of Domino's Pizza, valued at approximately $557 million. While the brand is well-known for its pizza delivery, its stock performance has lagged behind the market. Despite moderate sales growth and a steady dividend, analysts suggest that the company's future growth potential is limited, raising questions about whether investors should follow Buffett into this stock. The Motley Fool's Stock Advisor has recommended different stocks instead, indicating a cautious outlook on Domino's.
Source: YAHOO
Reported 5 days ago
Morgan Stanley strategist Michael Wilson, known for his bearish stance on US equities, has flipped to a bullish outlook for 2025, predicting the S&P 500 will reach about 6,500, a rise of 11% from current levels. He attributes this optimistic forecast to improving economic growth, expected Federal Reserve interest rate cuts, and potential benefits from deregulation. Despite his previous cautious approach, Wilson now believes the rally will continue, though he advises investors to stay flexible due to uncertainties surrounding future policies. He also notes the US stock market is likely to outperform other regions, particularly Europe.
Source: YAHOO