Reported 8 days ago
Russia has announced a temporary restriction on the export of enriched uranium to the United States, which raises concerns for American utilities reliant on this fuel for approximately 20% of the nation's electricity. This decision follows a US ban on Russian uranium imports and highlights Russia's use of energy supply as a geopolitical leverage amidst ongoing tensions. While the immediate impact may be limited, potential consequences for the US nuclear fuel supply chain could arise by 2025, especially since domestic enrichment capacity is currently inadequate.
Source: YAHOO
Reported 8 days ago
Billionaire investor Bill Ackman has significantly increased his stake in Nike, indicating potential moves to enhance shareholder value. Meanwhile, Amazon has debuted low-cost health services through One Medical, starting at $10, which may intensify competition in the market. Additionally, FuelCell Energy plans to reduce its operating costs by 15% by 2025, including cutting 17% of its workforce, while aiming for AI-driven growth in energy demand.
Source: YAHOO
Reported 8 days ago
Major stock market indexes are declining as the post-election rally driven by Trump's victory wanes. Investors are now considering the potential economic impacts of the new administration's policies following Federal Reserve Chair Jerome Powell's remarks that the bank is not in a hurry to lower interest rates.
Source: YAHOO
Reported 8 days ago
Source: INVESTORS
Reported 8 days ago
1789 Capital, led by Omeed Malik and recently employing Donald Trump Jr., has spearheaded a $140 million funding round for the drug startup BlinkRx, which aims to provide affordable prescription medications. The round values BlinkRx at approximately $2 billion, with additional investments from firms like Fidelity Investments and 8VC. 1789 Capital focuses on conservative investments, favoring companies that challenge regulatory barriers in industries like healthcare and education, distancing itself from traditional environmental and social governance principles.
Source: YAHOO
Reported 8 days ago
A coalition of electric vehicle and battery manufacturers, including Rivian and Tesla, urged President-elect Donald Trump not to eliminate tax credits for electric vehicle sales and production. They highlighted the significant job creation in Republican-leaning states and the potential negative impact on American job growth if these credits are removed.
Source: YAHOO
Reported 8 days ago
Amazon and SpaceX are set to confront the National Labor Relations Board (NLRB) in a conservative appeals court, questioning the constitutionality of its structure amid ongoing legal battles over labor practices. The cases are part of a broader effort by several companies to limit the powers of federal agencies. With a pro-union stance from the Biden administration, these challenges come at a time when unions are experiencing a resurgence. The outcome could significantly impact the NLRB's enforcement capabilities and set the stage for potential reviews by the conservative-dominated Supreme Court.
Source: YAHOO
Reported 8 days ago
North Dakota regulators have approved a siting permit for Summit Carbon Solutions' proposed 333-mile section of a carbon dioxide pipeline that aims to transport emissions from 57 ethanol plants across five Midwestern states for underground storage. This decision comes after previous setbacks for the company, including permit denials in 2023. While the approval is a significant step forward, challenges remain in other states, with landowner concerns and regulatory hurdles continuing to complicate the project.
Source: YAHOO
Reported 8 days ago
A woman reached out to financial expert Dave Ramsey on his show, sharing her frustration over her husband, who has not worked for 13 years despite holding a Ph.D. in pharmaceutical chemistry. With rising tensions as she remains the sole provider, Ramsey emphasized that her husband’s refusal to seek employment is a matter of motivation rather than opportunity. He advised that tough love may be necessary to help her husband face the reality of his situation and the consequences of his inaction.
Source: YAHOO
Reported 8 days ago
Cathie Wood, CEO of ARK Invest, believes Elon Musk will successfully lead an audit of the federal government due to his access to vast proprietary data. Appointed by President-elect Donald Trump to head the Department of Government Efficiency, Musk aims to reduce government spending using technology and data from his companies, including Tesla and SpaceX. Wood asserts that Musk's unique understanding of technological advancements positions him well for this role, despite the specifics of the commission remaining unclear.
Source: YAHOO
Reported 8 days ago
Regulators have approved the North Dakota segment of a proposed five-state Midwest carbon dioxide pipeline, but significant challenges persist in other regions.
Source: YAHOO
Reported 8 days ago
Mexico is set to transfer 136 billion pesos ($6.7 billion) to state oil company Pemex for debt payments in 2025, as outlined in a recent budget proposal. This financial support, aimed at alleviating Pemex's nearly $100 billion debt burden, comes as the company anticipates significant oil production and export increases. The draft budget also reflects continued backing from the government, with plans to inject funds for Pemex alongside another allocation to the state utility Comision Federal de Electricidad.
Source: YAHOO
Reported 8 days ago
RBC has rated Starbucks (SBUX) and Chipotle (CMG) as Outperform, projecting a 15% upside for both stocks. Starbucks is assigned a $115 price target due to anticipated growth and margin enhancements in 2025 and 2026, while Chipotle has a $70 price target based on expected unit expansion and valuation drivers.
Source: YAHOO
Reported 8 days ago
Impossible Foods has received a second food-safety clearance from the European Food Safety Authority, allowing it to sell its plant-based Impossible Burger in the EU. The approval of soy leghemoglobin, an ingredient that mimics meat flavors, is a key milestone in navigating the regulatory process that Impossible Foods has pursued since 2019. The company awaits final permission from the European Commission and member states to finalize its entry into the European market.
Source: YAHOO
Reported 8 days ago
New York is investigating interest in developing new nuclear power projects, seeking input from atomic energy developers and major power users to meet the growing demand for clean energy. The state’s Energy Research and Development Authority has called for information from various stakeholders, including potential host communities and companies providing nuclear components, by December 16. This marks a significant shift in policy after the recent closure of the Indian Point nuclear plant, as officials aim to engage with this evolving sector to promote economic growth.
Source: YAHOO
Reported 8 days ago
Source: BARRONS
Reported 8 days ago
Gold prices are poised for their largest weekly decline since June 2021, trading near a two-month low, as traders lower expectations for a Federal Reserve interest rate cut in December following comments from Fed Chair Jerome Powell about the strong U.S. economy. Over the past week, gold has fallen over 4%, following a nearly 8% drop since reaching a record high on October 31, largely influenced by economic expectations tied to Donald Trump's election victory. Despite the recent downturn, gold remains up 24% for the year, supported by central bank purchases and geopolitical tensions.
Source: YAHOO
Reported 8 days ago
Disney plans to appoint a successor to CEO Bob Iger by early 2026, and analyst Michael Pachter suggests that EA's CEO Andrew Wilson could be a strong candidate. Pachter highlights Wilson’s experience and potential appeal to the Disney board, which is seeking a younger, accomplished leader as Iger's contract nears its end in December 2026.
Source: YAHOO
Reported 8 days ago
The Federal Motor Carrier Safety Administration's (FMCSA) new CDL requirement, set to take effect on Monday, could have significant implications for safety and trucking capacity, affecting nearly 200,000 drivers. This rule, known as Clearinghouse II, mandates that drivers with drug or alcohol violations be barred from driving until they complete a return-to-duty process. The success of this implementation largely hinges on how individual states manage the downgrading process of affected drivers, leading to concerns about potential impacts on freight availability and overall trucking operations.
Source: YAHOO
Reported 8 days ago
Warren Buffett's Berkshire Hathaway has been aggressively selling stocks, notably reducing its stake in Apple from nearly $175 billion to around $70 billion. This move comes as the holding company's cash reserves have soared to a record $320.3 billion, reflecting a cautious outlook on the stock market. Buffett is concerned that the market's valuation, presently at 198.1% of U.S. GDP, indicates potential overvaluation, prompting him to secure cash as a buffer against future uncertainties.
Source: YAHOO
Reported 8 days ago
In the inaugural episode of Yahoo Finance’s Warrior Money, retired Admiral Bill McRaven shares vital guidance for veterans entering the civilian workforce. He emphasizes the importance of mastering the specifics of one's industry to leverage the strong work ethic and leadership skills gained from military service. McRaven encourages veterans to seek deeper meaning in their roles, illustrating this by reminding them that their work connects people, not just wires. He also highlights that financial success should aim for the broader goal of helping families prosper.
Source: YAHOO
Reported 8 days ago
Bloom Energy's shares skyrocketed by 47.8% on Friday after the announcement of a significant deal to provide American Electric Power with up to 1 gigawatt of fuel cells. This news followed a disappointing earnings report from the previous week, where another deal for South Korea's SK Eternix was also shared. The new agreement, which involves an initial order of 100 megawatts, has the potential to generate over $7 billion in revenue for Bloom, bolstering hopes of achieving profitability.
Source: YAHOO
Reported 8 days ago
Super Micro Computer (SMCI) is at risk of delisting from the Nasdaq if it fails to submit its 10-K and 10-Q reports or a compliance plan by November 16. Yahoo Finance's Rachelle Akuffo discusses the implications for shareholders in light of this potential outcome.
Source: YAHOO
Reported 8 days ago
A recent H&R Block survey reveals that two-thirds of Americans believe they will have better economic prospects than their parents, largely due to rising wages, increased savings focus, and the growing popularity of side hustles among Gen Z. Curtis Campbell from H&R Block highlights the innovative and financially savvy nature of Gen Z, noting their tendency to change jobs for higher salaries and engage in multiple income streams through activities such as surveys and product testing.
Source: YAHOO