Reported 14 days ago
In after-hours trading on Monday, shares of Deere fell following comments from former President Donald Trump about potential tariffs if the company shifts jobs to Mexico. Meanwhile, Snowflake's stock also dropped after the company announced plans to raise $2 billion through a convertible debt offering.
Source: YAHOO
Reported 14 days ago
Former President Donald Trump warned that a 200% tariff would be imposed on John Deere if the company shifts production to Mexico. During a forum aimed at supporting American farmers, Trump criticized the farm machinery maker for layoffs and discussed China's failure to uphold its trade agreements with the US. He expressed commitment to enforcing trade deals and suggested that he would call President Xi of China to discuss agricultural exports if re-elected.
Source: YAHOO
Reported 14 days ago
Source: BARRONS
Reported 14 days ago
Coinbase confronted the U.S. Securities and Exchange Commission (SEC) in a federal appeals court, urging the agency to develop new regulations for digital assets. The largest U.S. crypto exchange is pressing for clarity on digital asset classification and a revised market framework. This legal dispute follows the SEC's 2023 denial of Coinbase's petition for rulemaking, with Coinbase arguing that the SEC's stance hampers its operations and compliance. The ongoing conflict reflects the broader tension between the evolving crypto industry and U.S. regulatory frameworks.
Source: YAHOO
Reported 14 days ago
Boeing has presented a 'best and final offer' to striking machinists, proposing a 30% raise over four years and increased bonuses, following the rejection of a previous contract. This new offer aims to resolve the strike involving approximately 33,000 workers, which began on September 13, as financial pressures mount for these employees. The union is currently reviewing the offer, which includes higher pay and improved conditions, but does not restore the traditional pension plan eliminated years ago.
Source: YAHOO
Reported 14 days ago
Kmart is set to close its last full-size store in Bridgehampton, New York, on October 20, marking the end of an era for the once-prominent discount retailer. After its merger with Sears in 2005, Kmart struggled against competition from bigger retailers like Walmart and Target, ultimately leading to bankruptcy in 2018. Despite retaining a small convenience store format in Miami and a few locations overseas, this closure signifies a significant decline for the brand, which was once a leader in the discount retail market.
Source: YAHOO
Reported 14 days ago
Source: INVESTORS
Reported 14 days ago
On CNBC's 'Mad Money Lightning Round,' Jim Cramer endorsed Dominion Energy, stating, 'We need cheap power.' Analyst Paul Zimbardo initiated coverage on the stock with a Hold rating and a target price of $58. Cramer also expressed confidence in Dutch Bros while cautioning about LyondellBasell Industries, indicating it is not a recommended stock.
Source: YAHOO
Reported 14 days ago
U.S. stocks saw a rise on Monday as the Dow Jones Industrial Average and S&P 500 recorded new all-time closing highs, continuing a September rally. The Dow gained over 0.1% while the S&P 500 increased by more than 0.2%. Investors are awaiting important data this week regarding inflation and GDP, which may influence future Federal Reserve interest rate decisions. Strong performances from companies like Tesla and Intel contributed to the market's positive momentum.
Source: YAHOO
Reported 14 days ago
Moody's economist Nick Villa highlights the urgent need for increased home supply to tackle America's housing crisis, asserting that while recent interest rate cuts may help, they alone will not resolve the issue. He emphasizes the importance of constructing a diverse range of housing types, particularly class B and C units, to meet the needs of various income levels, as the current focus has been predominantly on luxury apartments. With demographic shifts and rising rental prices, Villa advocates for a comprehensive building strategy to ensure affordability for all.
Source: YAHOO
Reported 14 days ago
Source: BARRONS
Reported 14 days ago
Cards Against Humanity has filed a $15 million lawsuit against Elon Musk's SpaceX, claiming the company has trespassed on its land near the US-Mexico border. The lawsuit alleges that SpaceX has encroached on their property by dumping gravel and using generators without permission. This land was originally purchased in a protest against former President Trump's border wall, and the case reflects the company's commitment to political activism.
Source: YAHOO
Reported 15 days ago
Microsoft (MSFT) faced a rare downgrade by D.A. Davidson from Buy to Neutral, amidst concerns about its growing dependence on Nvidia for AI infrastructure and competition from Amazon and Google. The firm maintained its price target at $475, indicating an 8% potential upside. Analysts suggested that both Amazon and Google are catching up in AI capabilities, as they can utilize their own chips to reduce costs, placing Microsoft at a disadvantage. Despite the downgrade, Microsoft stock remained relatively stable.
Source: YAHOO
Reported 15 days ago
Tesla's stock is seeing significant gains as investors anticipate the unveiling of its long-awaited robotaxi and the release of third quarter sales data. Shares rose nearly 2% after a previous 5% increase, with analysts forecasting a 6% rise in deliveries to around 460,000 EVs. Barclays analyst Daniel Levy predicts that Tesla may exceed expectations with deliveries closer to 470,000, boosted by improved sales in China. Despite facing challenges over the past year, including recalls and competition, expectations are high for the upcoming 'Robotaxi Day' on October 10.
Source: YAHOO
Reported 15 days ago
Source: INVESTORS
Reported 15 days ago
This article highlights three health care stocks, Progyny Inc. (PGNY), Indivior PLC (INDV), and Moderna Inc. (MRNA), that are currently considered oversold with an RSI of 30 or below, presenting potential investment opportunities. Each company has faced recent challenges, leading to dips in their stock prices, but market indicators suggest these stocks may be poised for a rebound this month.
Source: YAHOO
Reported 15 days ago
Boyd Interactive has officially acquired Resorts Digital, the online gambling division of Resorts Casino in Atlantic City. The deal, completed on September 1, underscores the success of Resorts Digital, which has consistently outperformed the physical casino in terms of revenue, generating over $573 million compared to $109 million for the physical location in the first eight months of this year. Boyd aims to leverage this acquisition to enhance its presence in New Jersey's thriving online gaming market while maintaining a collaborative marketing relationship with the Resorts Casino.
Source: YAHOO
Reported 15 days ago
Shares of Trump Media & Technology Group (DJT) fell over 6% to their lowest since the company's public listing in March, following the expiration of a six-month lockup period for stakeholders, including former President Donald Trump. While Trump affirmed he would not sell his shares, the stock has now decreased around 15% since the lockup ended. Trump maintains a 60% stake, valued at approximately $1.5 billion, down from over $4.5 billion at the company’s debut. The stock's volatile performance is linked to political events and the company’s financial struggles, including a recent net loss of $16.4 million.
Source: YAHOO
Reported 15 days ago
U.S. stocks climbed on Monday, with both the Dow Jones Industrial Average and S&P 500 achieving record closings, extending a rally sparked by last week’s Federal Reserve interest rate cut. Investors are focusing on remarks from Fed officials and upcoming inflation data for insights into future rate adjustments. Sector gains were particularly noted in Energy, Consumer Discretionary, and Real Estate. Notable stock movements included rises for Tesla and Intel amid positive forecasts and potential investments.
Source: YAHOO
Reported 15 days ago
California has filed a lawsuit against ExxonMobil, accusing the oil giant of misleading the public for decades by falsely promoting the recyclability of its plastic products. Attorney General Rob Bonta highlighted that less than 5% of plastic is actually recycled in the U.S., despite being labeled as recyclable, leading to significant environmental pollution. The lawsuit follows an investigation revealing hidden documents and aims to hold ExxonMobil accountable for its deceptive practices and seek penalties.
Source: YAHOO
Reported 15 days ago
Shares of Trump Media, the company behind the Truth Social app and partially owned by former President Donald Trump, fell by 10% to a new low following the expiration of insider-selling restrictions. The stock has declined 17% since Thursday, bringing its market value down to $2.4 billion, amidst ongoing volatility ahead of the upcoming presidential election.
Source: YAHOO
Reported 15 days ago
Ukrainian President Volodymyr Zelenskiy is set to meet with executives from major energy companies at Bank of America's New York headquarters to address the urgent power needs arising from the ongoing energy crisis exacerbated by the war with Russia. The discussions follow a series of aggressive Russian airstrikes targeting Ukraine’s energy infrastructure, with efforts ongoing to secure alternative energy supplies. Zelenskiy is also scheduled to speak at the UN General Assembly during his visit.
Source: YAHOO
Reported 15 days ago
As interest rates begin to decrease following a Federal Reserve rate cut, stocks are seeing a positive uptick. F/m Investments' Senior Portfolio Manager Dan Skubiz discusses the implications, identifying data infrastructure, re-shoring, and housing sectors as key areas for investors to explore. He emphasizes the importance of employment data, suggesting that stability in this area will increase the likelihood of a soft economic landing and create profitable opportunities for investors.
Source: YAHOO
Reported 15 days ago
Joe Dominguez, CEO of Constellation Energy, emphasizes the urgent need for the U.S. to rethink its energy strategy to support AI technology, suggesting that the country mimic China’s integration of data centers with nearby power facilities. With a rising demand for electricity due to AI, he points out that nuclear energy is a viable solution, especially as the U.S. faces challenges with its current long-distance transmission system.
Source: YAHOO
Reported 15 days ago
The U.S. Department of Labor has reached out to the United States Maritime Alliance as concerns rise over a potential strike by the International Longshoremen's Association, set to start on October 1. The current contract for 45,000 workers at East Coast and Gulf of Mexico ports expires on September 30. Negotiations have been contentious, and the Biden administration aims to facilitate a resolution to avoid disruptions that could impact U.S. supply chains and the economy ahead of the presidential election.
Source: YAHOO