Reported 11 days ago
The U.S. Department of Justice is reportedly probing Super Micro Computer following allegations of accounting manipulation by short-seller Hindenburg Research. The investigation is in its early stages, and the company's shares have dropped approximately 12% after the news. Super Micro delayed its annual report due to concerns over its internal financial controls, while Hindenburg claimed to have evidence of various violations, which the company denies.
Source: YAHOO
Reported 11 days ago
Meta's stock surged to a record high following the Meta Connect 2024 event, where CEO Mark Zuckerberg highlighted the company's advancements in artificial intelligence, including the launch of the Llama 3.2 AI model. With new augmented reality products and strong competition in the AI field, analysts raised their price forecasts for Meta shares, reflecting confidence in its future potential despite ongoing losses from its Reality Labs division.
Source: YAHOO
Reported 11 days ago
Approximately 30,000 Boeing employees are currently on strike, significantly halting production and costing the company around $1 billion each month. Analyst Ben Tsocanos from S&P Global Ratings indicated that this strike, which began on September 13, is exacerbating pressures that Boeing was already facing, with implications for the recovery timeline of 737 Max production and free cash flow generation.
Source: YAHOO
Reported 11 days ago
Southwest Airlines has announced that it will begin offering reserved seating in late 2025, with implementation in early 2026 as part of a shift away from its longtime open seating policy. The airline also plans to introduce premium seating, addressing the growing customer demand for assigned seating. Additionally, Southwest will maintain its policy of allowing two checked bags without fees, which it believes is crucial for customer satisfaction.
Source: YAHOO
Reported 11 days ago
Costco (COST) is preparing to release its quarterly earnings, creating anticipation among investors. Yahoo Finance's Seana Smith and Madison Mills highlight crucial information for stakeholders ahead of the earnings release, as expert insights and market dynamics come into play.
Source: YAHOO
Reported 11 days ago
Recent economic data, including a 3% GDP growth rate and a decline in jobless claims, suggests the labor market is healthier than previously thought. Despite a weak consumer confidence report, Deutsche Bank's Deepak Puri indicates that there isn't enough evidence to justify a 50 basis point rate cut from the Federal Reserve, predicting instead that two 25 basis point cuts may occur later this year.
Source: YAHOO
Reported 11 days ago
Carmax's stock price saw fluctuations after releasing a mixed earnings report for the quarter, marking a reversal from a premarket decline. Investors are analyzing the financial results of the used car retailer as its shares rise.
Source: YAHOO
Reported 11 days ago
In a recent market update, Accenture (ACN) saw its shares rise due to stronger-than-expected earnings and a $4 billion share buyback announcement. Conversely, Sonos (SONO) faced a decline after Morgan Stanley downgraded the stock, anticipating negative impacts from their application redesign. Meanwhile, Starbucks (SBUX) experienced an uptick following an upgrade from Bernstein, which raised its price target significantly.
Source: YAHOO
Reported 11 days ago
State Street Global Advisors' chief investment strategist Michael Arone discusses the Federal Reserve's interest rate easing cycle, suggesting a soft landing for the economy is achievable. He highlights confidence from both the Fed and the market, supported by positive labor market data and asset valuations. As the Fed navigates its next policy move post-election, Arone anticipates more cautious steps rather than aggressive cuts.
Source: YAHOO
Reported 11 days ago
Pending home sales rose by 0.6% in August, falling short of the anticipated 1% increase, indicating a modest recovery in the housing market.
Source: YAHOO
Reported 11 days ago
Stocks opened positively on Thursday, rebounding from previous losses, primarily driven by Micron Technology's unexpected strong earnings report for the fourth quarter. This report has notably benefited the Nasdaq Composite Index and the broader semiconductor market.
Source: YAHOO
Reported 11 days ago
Yahoo Finance discusses how hurricanes, like the intensifying Hurricane Helene, historically affect oil prices. The Morning Brief team, featuring Madison Mills, Brad Smith, and Seana Smith, delves into the nuances of this phenomenon, offering insights for investors and market watchers.
Source: YAHOO
Reported 11 days ago
Micron Technology exceeded Wall Street expectations in its fourth-quarter results and raised guidance for the next quarter, leading to a rally in chip markets. Analyst William Kerwin termed the results 'impressive' and noted that Micron is currently experiencing a 'cyclical upswing' in memory demand, expected to last through 2025. However, he cautioned that this growth may decelerate in the future, maintaining a target share price of $110 as the market sentiment adjusts.
Source: YAHOO
Reported 11 days ago
Today, Federal Reserve Chair Jerome Powell and Governor Michelle Bowman will speak, providing insights that are vital for investors. Yahoo Finance Senior Reporter Jennifer Schonberger discusses what to anticipate from their comments and how it may influence market dynamics.
Source: YAHOO
Reported 11 days ago
Congress has successfully avoided a government shutdown by passing a temporary funding measure lasting three months, but new fiscal disputes are on the horizon. The next significant deadlines include another potential shutdown debate by December 20 and the reinstatement of the federal debt limit at the beginning of 2025. These upcoming conflicts may be influenced by November's election results, raising concerns among the business community and credit rating agencies about economic stability amid ongoing government dysfunction.
Source: YAHOO
Reported 11 days ago
In a discussion on Yahoo Finance, host Jared Blikre highlighted that not all months have the same impact on stock market trends, emphasizing the significance of January and September. He noted that market volatility follows its own schedule, separate from equity movements.
Source: YAHOO
Reported 11 days ago
Southwest Airlines (LUV) stock is experiencing a surge after the company increased its revenue per available seat mile guidance and announced a $2.5 billion stock buyback program. The news comes amid rising tensions with activist investor Elliott Management, as reported by Market Domination hosts Julie Hyman and Josh Lipton.
Source: YAHOO
Reported 11 days ago
Hong Kong stocks are on the rise as reports emerge of a potential stimulus package from the People's Bank of China, which may involve allocating up to $142 billion to major banks. This plan aims to support China's economy, and Yahoo Finance's Akiko Fujita discusses its implications for US investors.
Source: YAHOO
Reported 11 days ago
Shares of Meta (META) rose following exciting product announcements at the company's annual Connect event, including the Meta Quest 3S headset and Orion AR glasses. Analysts discuss the potential impact of these innovations on consumers and the market.
Source: YAHOO
Reported 11 days ago
Micron Technology (MU) surpassed earnings expectations for its fourth quarter, driven by high demand for AI memory products, leading to a rise in its shares and fueling a rally across the global semiconductor market.
Source: YAHOO
Reported 11 days ago
The latest estimates reveal that the US economy grew by 3% in the second quarter, surpassing the previous quarter's 1.4% growth. Additionally, new jobless claims fell to 218,000, lower than expected, indicating overall economic stability.
Source: YAHOO
Reported 11 days ago
US stocks gained on Thursday, pushing the S&P 500 to a new record high, fueled by solid GDP growth data, buoyant earnings from Micron, and positive signals from China's economic stimulus plans. The Dow Jones Industrial Average rose 0.62%, while the Nasdaq Composite climbed 0.6%, benefiting from a surge in chip stocks like Micron and Advanced Micro Devices. As investors await the upcoming PCE inflation data, hopes remain high for continued market support.
Source: YAHOO
Reported 11 days ago
On September 26, 2024, major U.S. stock indexes are set to open higher due to positive GDP and jobless claims data. Micron Technology reported fourth quarter earnings that exceeded analyst expectations, contributing to the stock market's rise. Furthermore, Chinese stocks gained traction after reports that the government is considering a $142 billion capital injection into state banks to support economic growth.
Source: YAHOO
Reported 11 days ago
As the market attempts to maintain momentum following a recent rate cut, Yahoo Finance experts analyze critical trends and stocks. Discussions highlight Nvidia's performance and Meta's new product launches, alongside insights into the electric vehicle sector and wholesale retail strategies.
Source: YAHOO
Reported 11 days ago
Target's CEO Brian Cornell expresses optimism about eventually removing locked cases for commonly stolen products as the company fights retail theft. He acknowledges improvements from recent legislation, including the INFORM Consumers Act, and supportive state measures like stricter theft penalties in California. While Target has implemented security measures like locked cases and has closed some underperforming stores, the CEO hopes for a future where stores can operate normally without such restrictions.
Source: YAHOO