Reported 8 days ago
In 2024, exchange-traded funds (ETFs) experienced an unprecedented surge in inflows, surpassing $913 billion, marking the highest annual inflow on record. Fueled by a robust bull market and significant investor interest post-Trump's election victory, the total US ETF assets exceeded $10 trillion for the first time. This year has seen over 600 new ETF products launched, with a notable demand for actively managed and crypto ETFs. While mutual funds faced net outflows, ETFs proved to be the favored investment vehicle, offering liquidity and low fees.
Source: YAHOO
Reported 8 days ago
The Virgin Hotels Las Vegas has experienced a walkout, signaling the first open-ended strike in over two decades for Nevada's largest labor union, highlighting tensions in the hospitality industry.
Source: YAHOO
Reported 8 days ago
Analysis reveals that Rachel Reeves's planned increase in National Insurance taxes could lead to the loss of 100,000 jobs as companies struggle under financial strain. Deutsche Bank predicts this impact will be worse than the government's forecast, as increased payroll costs force firms to reduce hiring and cut pay raises. Consequently, consumer prices are also expected to rise, contributing to inflationary pressures on the economy.
Source: YAHOO
Reported 8 days ago
Larry Fink is directing BlackRock Inc. to invest aggressively in private markets, aiming to emulate past successes in response to an influx of capital in this sector. This year, BlackRock has committed approximately $16 billion to establish itself as a major infrastructure investor and is in talks to acquire HPS Investment Partners and a stake in Millennium Management. However, the company also announced a retreat from long-term private equity investments. With a focus on capturing private asset growth akin to the rise of passive investment strategies, BlackRock is positioning itself to compete effectively against leading players in the private market landscape.
Source: YAHOO
Reported 8 days ago
The EU Commission reported that while the eurozone is moving past stagnation and on track for modest growth, U.S. protectionist trade policies pose significant risks. European Economic Commissioner Paolo Gentiloni emphasized that potential tariffs under the incoming U.S. administration could harm both economies. The eurozone is expected to grow by 0.8% this year and 1.3% next year, amid recovering consumer purchasing power and easing inflation, yet the growth remains vulnerable to external shocks.
Source: YAHOO
Reported 8 days ago
This article highlights three top oil stocks for investors looking to use $500 effectively: Chevron, which offers diversified and stable dividends, ideal for conservative investors; Devon Energy, an upstream player that provides variable dividends tied to energy prices, suitable for aggressive investors; and Enterprise Products Partners, a midstream company known for its high yield and consistent performance, best for conservative income seekers. Each stock has distinct characteristics catering to different investment strategies.
Source: YAHOO
Reported 8 days ago
U.S. equity funds experienced a significant influx of investor interest for the week ending November 13, 2024, driven by optimism surrounding Donald Trump's potential return to the presidency and its anticipated positive impact on corporate earnings. Investors poured a record $37.37 billion into these funds, marking the largest weekly net purchase since January 2014, particularly favoring small-cap and large-cap equities. Additionally, U.S. bond funds continued to see strong demand, while money market funds also recorded substantial inflows.
Source: YAHOO
Reported 8 days ago
In the latest edition of 'Pomp’s Playbook,' Yahoo Finance highlights key financial developments in sports, including DraftKings facing a $250 million revenue hit due to NFL betting trends favoring bettors, the National Women's Soccer League experiencing growth in fan engagement, and the upcoming boxing match between Mike Tyson and Jake Paul on Netflix, which is critical for Netflix's live sports strategy.
Source: YAHOO
Reported 8 days ago
Wall Street faced a downturn with the S&P 500, Dow Jones, and Nasdaq all closing lower as investors reconsider the likelihood of a Federal Reserve rate cut in December. This comes after Chair Jerome Powell indicated there is no rush to lower rates, leading to uncertainty in the market.
Source: YAHOO
Reported 8 days ago
In an interview at the Yahoo Finance Invest conference, Anduril Industries' CEO Brian Schimpf talked with anchor Josh Lipton about the ethical and effective deployment of artificial intelligence in military settings. He emphasized the need for human accountability in using force while leveraging AI to minimize human errors caused by fatigue in repetitive tasks.
Source: YAHOO
Reported 8 days ago
In the pursuit of solid long-term investments, dividend stocks like Realty Income and Brookfield Renewable stand out. Realty Income has a strong history of consistent dividend growth, boasting a yield over 5.5% and an ability to sustain this increase, while Brookfield Renewable offers nearly a 5% yield with significant growth potential due to its robust project pipeline. Both companies are positioned to deliver impressive total returns through their high yields and growth prospects, making them ideal options for investors seeking reliable dividend income.
Source: YAHOO
Reported 8 days ago
With Donald Trump's re-election, Wall Street is apprehensive about the potential debt surge his spending plans could trigger, estimated at $7.75 trillion. Investors are evaluating the long-term implications of this increase, particularly in relation to inflation and the possibility of a market reaction led by bond sellers if the fiscal policies are deemed inflationary. While federal debt has been on the rise for years, many market analysts believe it has yet to significantly hinder economic stability, although they acknowledge that it will eventually become a pressing issue.
Source: YAHOO
Reported 8 days ago
Judy Shelton, a former economic advisor to Donald Trump, argues that cryptocurrencies provide a necessary challenge to the dollar, reflecting growing distrust in government money management. In a recent interview, she expresses that the rise of decentralized finance is healthy for the economy and emphasizes the importance of innovation in alternative currencies while opposing a government-controlled digital dollar.
Source: YAHOO
Reported 8 days ago
Bitcoin has surged over 50% recently, driven by investor enthusiasm and potential favorable policies under President-elect Donald Trump. Billionaire Michael Saylor of MicroStrategy predicts Bitcoin could skyrocket another 15,000%, reaching $13 million by 2045. His company's significant investment in Bitcoin suggests he has a vested interest in its success. Saylor argues Bitcoin's unique characteristics, such as its limited supply and decentralized nature, enhance its appeal, especially as institutional investors increasingly allocate funds to digital assets. While some skeptics doubt the likelihood of such extreme gains, they acknowledge Bitcoin could still outperform the market.
Source: YAHOO
Reported 8 days ago
Deux Cranes, an artisanal chocolate business founded by Michiko Marron-Kibbey in 2018, has successfully navigated significant ingredient shortages and rising cocoa prices by mechanizing manufacturing, raising prices, and diversifying its product line. Based in Los Gatos, California, the company achieved profitability in 2022 and generated $800,000 in revenue in 2023, aiming for over $1 million in 2024. Inspired by Japanese and French cultures, Marron-Kibbey envisions expanding Deux Cranes internationally, particularly to Japan.
Source: YAHOO
Reported 8 days ago
Billionaire investors David Tepper and Michael Burry show a shift in their investment strategies regarding Chinese stocks, signaling a move away from the broad 'buy everything' approach. Tepper has reduced his stake in Alibaba while increasing investments in other companies like PDD Holdings, and Burry has also added bearish options to his portfolio despite increasing his Alibaba holdings. This reflects a growing caution among investors in light of disappointing fiscal stimulus measures and ongoing geopolitical tensions between the U.S. and China.
Source: YAHOO
Reported 8 days ago
As Donald Trump prepares to impose new tariffs, ranging from 10% to 20% on imports, business leaders express confidence in their ability to adapt, citing previous experiences navigating his trade policies. Despite warnings from economists about potential economic turmoil, executives from major companies have already devised strategies to mitigate the effects of his proposed tariffs and realign supply chains. The uncertainty surrounding global trade dynamics continues to grow, raising questions about how nations will respond to Trump's aggressive trade stance and the long-term implications for the U.S. economy.
Source: YAHOO
Reported 8 days ago
Samsung Electronics plans to repurchase shares worth 10 trillion won ($7.2 billion) over one year in response to a significant decline in its share price, which recently hit a four-year low. This marks the company's first buyback since 2017, with immediate plans to repurchase 3 trillion won in shares within three months. Analysts suggest that while this buyback could temporarily boost stock performance, Samsung will need to implement concrete business strategies moving forward.
Source: YAHOO
Reported 9 days ago
US stocks, particularly the S&P 500, have seen a pullback of about a third from their post-election rally as inflation remains sticky and the Federal Reserve signals a cautious approach to interest rate cuts. Futures for the S&P 500 are down 0.6%, reflecting ongoing concerns about economic stability and traders scaling back expectations for monetary easing despite early optimism following Donald Trump’s election.
Source: YAHOO
Reported 9 days ago
China's economy shows signs of recovery as consumption growth nearly matches factory output, largely driven by recent stimulus measures. Retail sales surged in October, raising hopes for domestic demand amid fears of potential high tariffs from a returning Trump administration. Analysts emphasize the need for further policy support to maintain the growth momentum as the government aims to stabilize the economy against external pressures.
Source: YAHOO
Reported 9 days ago
Chinese tech giant Alibaba Group Holding Ltd. is reportedly planning to offer bonds worth approximately $5 billion, potentially including both dollar and yuan components. This move follows a successful $5 billion convertible bond offering earlier this year, with the last public sale of dollar notes occurring in 2021. The current market conditions are favorable for borrowing in Asia due to low yield premiums on dollar securities.
Source: YAHOO
Reported 9 days ago
The US Commerce Department has finalized a $6.6 billion subsidy for Taiwan Semiconductor Manufacturing Co. (TSMC) to support semiconductor production in Phoenix, Arizona. This marks the first major contract under a $52.7 billion program aimed at boosting domestic chip manufacturing. TSMC plans to produce advanced 2 nanometer technology by 2028 at its new facility, while also agreeing to forgo stock buybacks for five years and share excess profits with the US government. The agreement comes as the country aims to enhance its semiconductor capabilities amid growing competition and security concerns related to technology exports.
Source: YAHOO