Reported 7 days ago
Building a recession-resistant stock portfolio involves selecting stocks from defensive sectors and diversifying investments to minimize the impact of economic downturns. Focus on resilient companies, particularly in healthcare, utilities, and consumer staples, which tend to hold value during recessions. Incorporating alternative investments like precious metals and government bonds can also enhance portfolio stability. Although no portfolio can be entirely immune to recessions, these strategies can help mitigate risks and protect wealth during challenging economic times.
Source: YAHOO
Reported 7 days ago
Source: WSJ
Reported 7 days ago
MacKenzie Scott, the ex-wife of Amazon founder Jeff Bezos, has sold $8 billion worth of Amazon shares to fund charitable organizations across the U.S. Since their divorce in 2019, she has donated over $37 billion to nonprofits, focusing on education, health, and economic opportunities. Scott's approach to philanthropy emphasizes unrestricted funding to smaller community organizations, which often helps them secure additional donations. As Bezos's wealth increases with the stock market boom, Scott continues her commitment to giving away her fortune.
Source: YAHOO
Reported 7 days ago
Intermodal transportation is currently suppressing the truckload market, with demand for intermodal containers increasing by over 8% year-on-year while truckload demand is declining by 3%. Major routes like Los Angeles to Chicago are seeing significant growth, with intermodal volumes replacing thousands of truckloads per week. Although the truckload market faces challenges with tender rejection rates remaining high, intermodal's growth offers a buffer. The sustainability of this shift is in question as shipping uncertainties loom over future demand.
Source: YAHOO
Reported 7 days ago
Netflix announced that 60 million households worldwide tuned in for the boxing match between Jake Paul and Mike Tyson, which peaked at 65 million streams. Paul, 27, won the match against the 58-year-old Tyson, while nearly 50 million watched the co-main event featuring Katie Taylor and Amanda Serrano, potentially marking it as the most viewed professional women's sporting event in U.S. history. Despite experiencing streaming issues at peak times, the platform resumed normal operation after about six hours.
Source: YAHOO
Reported 7 days ago
Walmart is enhancing its holiday shopping experience this Black Friday by integrating artificial intelligence into its e-commerce platform. The retailer has rolled out AI technologies to tailor recommendations and predict user preferences, while expanding its GenAI-powered shopping assistant capabilities. CEO Doug McMillon highlights the improved efficiency brought by AI in catalog management and inventory, indicating a commitment to leveraging tech to enhance customer service and operational effectiveness, as Walmart aims for growth in both online and traditional sales this holiday season.
Source: YAHOO
Reported 7 days ago
Billionaire Elon Musk has endorsed Howard Lutnick as President-elect Donald Trump's Treasury secretary amid a competitive selection process involving rival candidate Scott Bessent. Tensions rising among factions supporting each candidate have slowed final decisions, and both sides are lobbying Trump while he considers alternatives. Lutnick's past donations to Democratic politicians complicate his path, while Trump continues to explore options for his cabinet amidst ongoing infighting.
Source: YAHOO
Reported 7 days ago
This article discusses three high yield energy stocks, including Devon Energy and Diamondback Energy, that present significant dividend potential for investors. The Global X MLP ETF is highlighted as a strong investment option for those seeking exposure to midstream pipelines and storage. With the expectation of increased cash flow and favorable production forecasts, these companies are well-positioned to enhance dividends in the coming years, making them enticing buys for long-term investors.
Source: YAHOO
Reported 7 days ago
Bill Gates has heavily invested in Berkshire Hathaway through his charitable foundation, owning approximately 24.6 million shares valued at around $10 billion, amounting to 21% of its portfolio. The foundation has recently purchased an additional 7.3 million shares, reflecting Gates' strong belief in Berkshire's potential, especially with its significant cash reserves and proven investment strategy. As a long-term investor, Gates sees Berkshire as a reliable opportunity whether markets improve or decline.
Source: YAHOO
Reported 7 days ago
President-elect Donald Trump has chosen Chris Wright, CEO of Liberty Energy and a strong advocate for fossil fuels and fracking, as his energy secretary for the upcoming administration. Wright, who has a history of opposing climate change initiatives, aims to reinforce the U.S. energy sector and is expected to lift regulations on natural gas exports. His nomination has garnered support from influential conservative figures in the energy industry, while environmentalists express concern over his potential impact on climate policies.
Source: YAHOO
Reported 7 days ago
Palantir Technologies, recently added to the S&P 500, has experienced a remarkable 845% increase in stock price since early last year, fueled by its advancements in artificial intelligence. Despite concerns regarding its high valuation, an analyst believes it still presents a buying opportunity, forecasting potential future gains as the company grows its commercial revenue significantly. With a strong backlog of deals and a strategic approach to market, Palantir is positioned well within the evolving AI landscape.
Source: YAHOO
Reported 7 days ago
Investors seeking reliable passive income should consider Ally Financial and Realty Income, both offering good dividends under $200. Ally, a digital bank and leading auto lender, presents a forward P/E ratio of 8 and a dividend yield of 3.2%. Realty Income, a real estate investment trust, offers a strong 5.4% yield and has a record of monthly dividend payments for over 53 years, focusing on essential retail tenants. Together, they provide stability and potential for long-term growth.
Source: YAHOO
Reported 7 days ago
Boeing has officially notified more than 400 employees from the Society of Professional Engineering Employees in Aerospace (SPEEA) about layoffs as part of a broader plan to reduce its workforce by 10%, totaling approximately 17,000 jobs. These layoffs come after an eight-week strike by its machinists' union and reflect Boeing's ongoing financial struggles, exacerbated by regulatory issues and production slowdowns. Affected employees will remain on payroll until mid-January and will receive severance and career transition support.
Source: YAHOO
Reported 7 days ago
President-elect Donald Trump has nominated Chris Wright, CEO of Liberty Energy Inc., a prominent oil and natural gas fracking services company, to lead the Energy Department. Wright, a strong advocate for fossil fuels and critic of climate change concerns, aims to support Trump’s energy policies, including efforts to increase domestic energy production. With no prior experience in Washington, Wright's appointment reflects Trump's commitment to fossil fuel interests and signals a continuation of controversial energy strategies that could reshape U.S. energy priorities.
Source: YAHOO
Reported 7 days ago
SpaceX is reportedly set to initiate a tender offer next month, allowing the sale of existing shares at $135 each, which will value the company at over $250 billion. This move comes as SpaceX continues to expand its influence in the space sector, notably through its Starlink satellite network, which connects over 4 million customers worldwide. Despite the rising valuation, CEO Elon Musk has dismissed the idea of an initial public offering, citing pressures faced by publicly listed companies.
Source: YAHOO
Reported 7 days ago
Michel Doukeris, the CEO of Anheuser-Busch InBev, discusses the company's venture into zero-alcohol beer, highlighting its flexibility for consumers. At the Yahoo Finance Invest conference, he explained that non-alcoholic beer allows people to enjoy the beverage socially without concerns about driving or restrictions tied to the time of day, making it an appealing option in various situations. The manufacturing technology used retains the traditional beer taste, ensuring that customers still experience the familiar flavor.
Source: YAHOO
Reported 7 days ago
UK inflation is anticipated to have risen above the Bank of England's target in October, suggesting a careful stance on interest rate cuts. The consumer price index may show an annual increase of 2.2%, up from 1.7% the previous month, indicating rising energy costs despite slight easing in services inflation. This backdrop supports the BOE's gradual monetary easing strategy as it prepares for potential questions regarding its economic policies during an upcoming meeting with lawmakers.
Source: YAHOO
Reported 7 days ago
Source: YAHOO
Reported 7 days ago
The Asia-Pacific Economic Cooperation (APEC) summit concluded in Peru with a focus on trade and globalization, prominently featuring Chinese President Xi Jinping at the forefront. While leaders, including U.S. President Joe Biden, gathered to address economic challenges, concerns loomed regarding the upcoming Trump administration's stance on free trade. The summit yielded little concrete progress, with Biden, facing electoral defeat, striving to solidify alliances that may be threatened by Trump's policies. Xi emphasized the importance of open trade, marking a tense period ahead as the dynamics of U.S.-China relations remain uncertain.
Source: YAHOO
Reported 7 days ago
Hundreds of hospitality workers at Virgin Hotels Las Vegas are on strike for a second day, demanding a new contract with better wages and benefits from the Culinary Workers Union, which represents around 60,000 members. This marks the first open-ended strike by the union in 22 years, as workers face financial challenges while standing firm in negotiations that have stalled over pay disagreements. The union provides some financial support to striking members as they advocate for improved working conditions.
Source: YAHOO
Reported 7 days ago
Cryptocurrency analyst Michael Van De Poppe has suggested that both Bitcoin and Ethereum are nearing significant buying levels, which could be advantageous for investors looking to 'buy the dip.' Currently, Bitcoin is priced at $89,250 and is approaching its first major point of interest for traders, while Ethereum, at $3,040, is also nearing an optimal entry point. Van De Poppe encourages traders to look for entry opportunities in altcoins as well, expecting notable breakouts in the near future despite recent market fluctuations.
Source: YAHOO
Reported 7 days ago
Market participants are increasingly worried about the credit risk associated with significant risk transfers (SRTs), which banks use to alleviate capital pressures by offloading credit risks to investors. Global regulatory bodies are closely watching this trend due to potential implications for financial stability, although current observed losses remain modest. The surge in new investors entering the SRT market is also driving down risk premiums, which some analysts warn may lead to a more challenging pricing environment for transactions in the future.
Source: YAHOO
Reported 7 days ago
The Inflation Reduction Act has allowed millions of consumers to receive cash back for purchasing clean technologies like electric vehicles and heat pumps, supported by the Biden administration. However, President-elect Donald Trump plans to cut funding for such incentives, which could significantly affect tax credits and rebates benefiting consumers. As Trump’s administration may change or eliminate these benefits, experts advise taking advantage of existing tax credits and rebates quickly, especially for electric vehicles and energy-efficient home improvements.
Source: YAHOO
Reported 7 days ago
The House has passed a bipartisan bill aimed at expanding Social Security benefits by repealing two provisions that limit payouts for approximately 2.8 million individuals, including public sector workers and surviving spouses. While the bill adds an estimated $195 billion to federal deficits over the next decade, supporters advocate for its fairness, arguing that it restores benefits that Americans have rightfully earned. The legislation now moves to the Senate, where its future remains uncertain amid a crowded legislative schedule.
Source: YAHOO
Reported 7 days ago
Bitcoin's price has surged past $90,000, with prediction markets suggesting a 72% chance it could reach $95,000 by the end of November. Various betting contracts show differing odds for other price milestones, including $105,000 and $150,000 by 2026. Fundstrat's Tom Lee has maintained that Bitcoin could hit $150,000 by year's end, though optimism remains for hitting $100,000 soon. The recent rally, however, may be losing steam amidst stock market fluctuations, but confidence among crypto investors persists.
Source: YAHOO