Reported 6 days ago
The dollar rose against the yen after Bank of Japan Governor Kazuo Ueda signaled potential policy tightening but did not specify a timeline for interest rate hikes. This led to a 54% chance pricing for a quarter-point increase at the BOJ's next meeting while the dollar index remains strong, reflecting optimism about U.S. economic performance despite market uncertainties surrounding future Federal Reserve actions and upcoming inflation reports.
Source: YAHOO
Reported 6 days ago
Chinese steel exports have surged to record levels as producers target overseas markets amidst domestic surplus, largely due to the ongoing property crisis. However, rising anti-dumping initiatives, potential trade tensions under a possible Trump administration, and saturation in developing economies cast uncertainty on the sustainability of this boom. Analysts predict a decline in exports by 2026 unless there are significant changes in production and consumption dynamics.
Source: YAHOO
Reported 6 days ago
Palantir has achieved a significant milestone by exceeding Lockheed Martin in market capitalization, now valued at $136 billion as its stock soared over 250% this year. The company's revenue growth is robust, particularly in U.S. government and commercial sectors, with Q3 showing a 40% increase in government revenue and 54% in commercial revenue year-over-year. Investors are optimistic, yet concerns about the stock's high valuation and future profitability persist.
Source: YAHOO
Reported 6 days ago
US officials have proposed increasing logging on federal lands in the Pacific Northwest to address wildfires and support rural economies, modifying a forest management plan from 1994. The U.S. Forest Service's proposal, aiming to enhance forest resilience against climate change, could boost timber harvests by over 33% and create more timber-related jobs, though it has raised concerns among environmentalists about the potential impact on old-growth forests. A public comment period will follow, with a final decision expected by early 2026.
Source: YAHOO
Reported 6 days ago
New York City transit officials are poised to implement a revised congestion pricing plan that will charge motorists $9 to enter parts of Manhattan starting January 5, 2025, with an increase to $15 by 2031. This initiative aims to generate $15 billion for the Metropolitan Transportation Authority’s infrastructure upgrades and reduce traffic and improve air quality. Governor Kathy Hochul has reintroduced the tolling plan, which had been stalled, and seeks federal approval to proceed.
Source: YAHOO
Reported 6 days ago
The quest for Donald Trump's Treasury secretary has turned chaotic, with various candidates vying for the position and internal conflicts surfacing. Billionaire Elon Musk recently endorsed Howard Lutnick for the role, causing frustration for Scott Bessent, who is also in the running. As aides scramble for alternatives, potential contenders include former officials and business leaders, amid mounting pressure on Trump to finalize his cabinet choices before taking office.
Source: YAHOO
Reported 6 days ago
As Ukraine nears 1,000 days of resisting the Russian invasion, allies are urging President Volodymyr Zelenskiy to explore new negotiation strategies with Vladimir Putin. With rising urgency to conclude the fighting and the looming return of Donald Trump, discussions around compromise are gaining traction among European leaders. Turkish President Erdogan plans to propose a conflict freeze and potential NATO membership delay, but challenges remain for Zelenskiy, who needs powerful support to strengthen Ukraine's bargaining position. However, Putin appears unyielding, signaling ongoing hostilities.
Source: YAHOO
Reported 6 days ago
The U.S. stock market's post-election rally, fueled by Donald Trump's victory, faced challenges after Federal Reserve Chair Jerome Powell suggested that interest rate cuts won't be happening soon due to the economy's resilience. This has sparked concerns among investors about potential future interest rate hikes, leading to a decline in major stock indexes. Commentary from Powell and other Fed officials, along with rising Treasury yields, indicate that stock investors could remain sensitive to shifts in the bond market as they navigate the uncertainty surrounding Trump's economic policies.
Source: YAHOO
Reported 6 days ago
Warner Bros. Discovery Inc. is rolling out its Max streaming service in Asia, approaching the market with a unique strategy of leveraging popular Hollywood content instead of investing heavily in local productions. By partnering with local platforms and utilizing franchises like Harry Potter and Friends, Warner Bros. aims to efficiently grow its subscriber base in a competitive environment where rivals are pulling back their investments. The rollout begins in multiple Asian countries and the platform is expected to generate significant revenue by 2029.
Source: YAHOO
Reported 6 days ago
As investors brace for significant shifts in markets following Trump's monumental win in the U.S. Presidential election, the focus turns to stocks poised to benefit from heightened defense spending and strategic industries. Key recommendations include Lockheed Martin, which is expected to thrive from defense budget increases, Military Metals Corp., capitalizing on the critical demand for antimony in defense applications, and Nucor, which stands to gain from anticipated protective tariffs on steel imports. Each of these companies intersects with national security needs and market dynamics that may evolve under Trump’s policies.
Source: YAHOO
Reported 6 days ago
Australia's corporate regulator, ASIC, has initiated civil penalty proceedings against National Australia Bank (NAB) for failing to respond to 345 financial hardship applications within the legally required 21-day period from 2018 to 2023. This oversight affected individuals facing significant challenges, including survivors of domestic abuse and those dealing with health issues or unemployment. NAB's shares dropped following the announcement, as ASIC aims to enforce compliance among lenders regarding their obligations to assist customers in financial distress.
Source: YAHOO
Reported 6 days ago
Jeff Bezos, founder of Amazon.com Inc., has finalized his sale of Amazon shares totaling $3.4 billion in November, bringing his total sales since July to $5.1 billion. This was conducted under a prearranged trading plan designed to sell 25 million shares by the end of 2025. Despite these massive sales, Bezos continues to hold over a billion Amazon shares worth approximately $213 billion, raising investor anticipation for a new trading plan announcement in Amazon's next quarterly report.
Source: YAHOO
Reported 6 days ago
Union workers at Virgin Hotels Las Vegas have been picketing for a third consecutive day as they seek a pay raise and better benefits, with no negotiations underway between the union and management. Approximately 700 members of the Culinary Workers Union are striking ahead of the Las Vegas Grand Prix, marking the first open-ended strike for Nevada's largest labor union since 2002. Despite recent agreements with other casinos, Virgin Hotels claims previous contracts to be unsustainable and desires what it calls a 'reasonable agreement' for its employees.
Source: YAHOO
Reported 6 days ago
As Donald Trump prepares for a second term, economists are adapting to a new era of uncertainty influenced by his policies, particularly regarding trade and tariffs. Analysts are scrambling to develop new forecasting models and assess the potential impacts of anticipated tariffs, especially between the U.S. and China. With the unpredictability of Trump's approach, economists are focusing on scenario analysis and economic repercussions, as they navigate the complexities of trade relationships and financial markets.
Source: YAHOO
Reported 6 days ago
An outbreak of E. coli from bagged organic carrots has resulted in 39 infections and one death across 18 states, prompting a recall by Grimmway Farms. The recalled products, including whole and baby carrots sold under various brand names, have been removed from stores, but consumers are advised to check their homes for any remaining inventory. Though recent E. coli outbreaks have raised concerns, experts maintain that the overall food supply is safe.
Source: YAHOO
Reported 6 days ago
Barnes & Noble, the largest retail bookseller in America, is experiencing a remarkable revival as it reopens its flagship store in Georgetown, DC, after more than a decade. Under CEO James Daunt, the company has shifted its strategy to prioritize community-focused, curated selections of books tailored by individual stores, moving away from a uniform corporate model. This strategy, combined with the influence of BookTok, has not only increased foot traffic by 7% since 2019 but also reignited public interest in reading, proving that there is still a strong market for physical books.
Source: YAHOO
Reported 6 days ago
As proposed tariffs threaten to impose 10-20% taxes on imports, AutoZone's CEO, Philip Daniele, announced that the company will pass these costs onto consumers. Other retailers like Steve Madden and Columbia Sportswear are also preparing for price hikes due to increased expenses from foreign suppliers. The National Retail Federation has warned that everyday goods may see significant price increases if the tariffs come into effect, impacting American families and challenging value-focused retail models.
Source: YAHOO
Reported 6 days ago
Palantir Technologies, a leading data analytics software developer, has been gaining traction in the defense sector, particularly with a recent contract win worth nearly $1 billion from the Naval Information Warfare Center. The company's growth has been significant, with 40% year-over-year revenue increase from U.S. government contracts, now surpassing $1 billion annually. Despite the stock's high price-to-sales ratio, Palantir is well-positioned in the evolving AI-driven military landscape, prompting interest from major tech firms like Microsoft and Amazon to integrate its services into their cloud platforms.
Source: YAHOO
Reported 6 days ago
As Gary Gensler's tenure as SEC chair comes to a close, Tyler Winklevoss of Gemini has publicly condemned him, calling him 'evil' and claiming his regulatory actions have harmed the crypto industry and led to significant job losses. Winklevoss believes Gensler's actions were intentional and served his personal political agenda, expressing hope for a more pro-crypto successor under President-Elect Donald Trump.
Source: YAHOO
Reported 6 days ago
Billionaire Tom Steyer, a former presidential candidate focused on climate, believes the energy transition will continue regardless of Donald Trump's presidency. During an interview, he expressed confidence that market forces will drive climate solutions, citing the growth of renewable energy in conservative states. He emphasized the rising consumer demand for climate-related innovations, like electric vehicles, and encouraged investors to focus on sectors crucial for future returns, such as real estate and agricultural innovations.
Source: YAHOO
Reported 6 days ago
Source: YAHOO
Reported 6 days ago
IBM CEO Arvind Krishna expresses optimism about Donald Trump’s potential return to the White House, suggesting that less regulation and more innovation could boost the tech industry. At a recent Yahoo Finance conference, Krishna noted that a lighter regulatory environment would encourage faster investment decisions and a favorable market for mergers and acquisitions. Despite ongoing uncertainties around Trump’s antitrust policies, sentiment among tech leaders is optimistic as they anticipate a more relaxed regulatory climate compared to the Biden administration, which has been critical of major tech companies.
Source: YAHOO
Reported 6 days ago
The Bangko Sentral ng Pilipinas has launched an interest rate swaps market, linked to a new overnight reference rate to improve bond market trading and increase liquidity. With the backing of the International Swaps and Derivatives Association and support from 16 banks as market makers, the initiative aims to create a better benchmark for loan pricing, facilitating deeper capital markets and improved interest rate transparency.
Source: YAHOO
Reported 6 days ago
Admiral Bill McRaven emphasizes the mutual benefits of hiring veterans in the inaugural episode of Yahoo Finance's Warrior Money. He urges companies to provide jobs for veterans, stating it allows them to feel valued and contribute meaningfully. Veterans bring essential qualities like strong work ethic and leadership skills, enriching the workplaces they join.
Source: YAHOO
Reported 6 days ago
The excitement surrounding artificial intelligence (AI) remains strong, with McKinsey predicting up to $13 trillion in economic growth by 2030. Despite some stocks being overvalued, three standout companies worth investing in today are Taiwan Semiconductor Manufacturing Company (TSMC), Tesla, and Qualcomm. TSMC is poised for growth in the AI chip market, Tesla's AI investments could enhance its value significantly, and Qualcomm is well-positioned with its diverse AI-related product offerings despite legal challenges. Investors are encouraged not to miss this opportunity.
Source: YAHOO