Reported 18 days ago
A former Snap engineer, Sterling Crispin, has publicly criticized the company's new augmented reality (AR) glasses, calling them 'obviously bad' in a social media post. Crispin, who worked on the design of previous versions of the product, expressed dissatisfaction with both the experience and the device itself. Despite some positive feedback from other sources, the negative comments raise concerns about Snap’s latest attempt to compete in a challenging AR market, especially following the struggles faced by other tech giants in the space.
Source: YAHOO
Reported 18 days ago
The Three Mile Island nuclear reactor in Pennsylvania is set to resume operations after more than five years, thanks to a new agreement between Microsoft and Constellation Energy. The deal, which aims to provide over 800 megawatts of emissions-free power by 2028, highlights the significance of nuclear energy in meeting the increasing energy demands of data centers, particularly as companies strive to decarbonize their energy supplies.
Source: YAHOO
Reported 18 days ago
The Dow Jones Industrial Average is on the brink of a new record high following the Federal Reserve's recent interest rate cut. As Wall Street prepares for the simultaneous expiration of stock index futures, stock options, and index options, shares of Constellation Energy surge due to a new partnership with Microsoft to meet the growing demand for clean energy in cloud computing and AI data centers. Other notable stocks trending include Rivian, GameStop, and Nike.
Source: YAHOO
Reported 18 days ago
Federal Reserve Governor Michelle Bowman was the sole dissenter against the recent large rate cut, suggesting a smaller reduction would be more prudent as inflation has not yet reached the central bank's 2% target. She expressed concerns that a more significant move might be viewed as a premature resolution to inflation issues. Bowman emphasized the importance of a measured approach to monetary policy to foster sustainable economic growth without igniting excess demand.
Source: YAHOO
Reported 18 days ago
James Egan, a U.S. housing strategist at Morgan Stanley, discusses the three essential components that determine housing supply: existing home listings, new home construction, and shadow inventory related to distressed foreclosures. He also addresses how current homeowners may feel locked into their mortgages, affecting their willingness to sell. For more insights, listen to the full episode on Stocks In Translation.
Source: YAHOO
Reported 18 days ago
Neon Money Club CEO Luke Bailey shares crucial advice for aspiring entrepreneurs in a recent interview. He highlights the importance of securing the right capital, whether through traditional bank loans or venture capital, emphasizing that in the latter, investing in people is key. Bailey also discusses the significance of genuine relationship building and draws on his extensive banking experience prior to launching Neon Money Club, which aims to promote financial wellness.
Source: YAHOO
Reported 18 days ago
Dennis Lockhart, former president of the Federal Reserve Bank of Atlanta, describes the current labor market as 'pretty healthy' despite a slowdown in hiring as the economy normalizes post-pandemic. He emphasizes that while the unemployment rate is stable, widespread firings have not materialized, and he reassures that the Fed remains focused on economic data rather than political influences ahead of the 2024 presidential election.
Source: YAHOO
Reported 18 days ago
The American Express Centurion Card, often referred to as the Black Card, is one of the most exclusive credit cards available; however, it comes with exorbitant fees and stringent requirements. An invitation is required to apply, which generally necessitates an annual spending of $200,000 to $1 million on American Express cards and a high credit score. The card charges a $10,000 initiation fee and a $5,000 annual fee, providing limited rewards points and several luxurious perks, mainly suited for high spenders who travel frequently. Despite its plush benefits, many may find the costs and exclusivity outweigh the advantages.
Source: YAHOO
Reported 18 days ago
Recent reports indicate that the average rate for a 30-year fixed mortgage has decreased to 6.09%, coinciding with a substantial decline in median monthly housing payments, which has experienced the largest drop in four years, according to a Redfin report. Senior Housing Reporter Dani Romero discusses the implications of these developments for potential homebuyers.
Source: YAHOO
Reported 18 days ago
According to a recent survey by Edmunds, 62% of potential car buyers delayed their purchases because of high interest rates. With the Federal Reserve cutting rates for the first time in four years, Edmunds’ Head of Insights Jessica Caldwell suggests it might be a better time to consider buying, noting that the average interest rate for used vehicles is over 11%.
Source: YAHOO
Reported 18 days ago
In 2024, artificial intelligence has significantly impacted investment strategies, with major companies like Nvidia leading market advancements. Yahoo Finance's Madison Mills highlights essential terms such as inference, compute, GPUs, and hyperscaler that investors should familiarize themselves with to navigate the AI investment landscape effectively.
Source: YAHOO
Reported 18 days ago
The Federal Reserve's recent 50-basis-point rate cut presents investors with an opportunity to reassess their portfolios, according to CFRA Research's Chief Investment Strategist Sam Stovall. He noted that typically, market reactions are muted in the first month post-cut, but there may be opportunities for discounts on small and mid-cap stocks despite large-cap stocks gaining popularity. Stovall also mentioned that September and October are usually challenging months during election years, but a market uptick often follows once the election uncertainty clears.
Source: YAHOO
Reported 18 days ago
Tamar Essner from Vectis Energy Partners asserts that the presidential election in two months won't have a significant short-term impact on oil prices, despite the market's complexities. With a current surplus from OPEC and increasing supply from non-OPEC countries, oil demand dynamics are coupled with a strong production cut by OPEC. Essner anticipates that U.S. companies might maintain disciplined production levels regardless of election outcomes, complicating predictions in the volatile oil market.
Source: YAHOO
Reported 18 days ago
SpaceX's Crew-9 mission, a joint operation with NASA, has been postponed once more and is now scheduled for launch on Thursday, September 26. The mission aims to send a two-man crew to the International Space Station (ISS) to retrieve astronauts Butch Wilmore and Suni Williams. This delay highlights the ongoing investments companies are making in the space sector, as reported by Yahoo Finance special reporter Akiko Fujita.
Source: YAHOO
Reported 18 days ago
The Japanese yen has weakened against the US dollar following the Bank of Japan's decision to maintain interest rates, suggesting a cautious approach to rate hikes. Lauren van Biljon, a portfolio manager at Allspring Global Investments, discusses strategies for navigating currency markets, highlighting the importance of position sizing and stop-loss measures. She particularly points to the Norwegian krone as a favorable option due to differing global monetary policies.
Source: YAHOO
Reported 18 days ago
With the recent interest rate cut by the Federal Reserve, experts discussed the investment landscape focusing on growth and value stocks. Seana Smith and Madison Mills hosted a panel featuring Vontobel's Markus Hansen, who favors quality growth stocks such as Coca-Cola and Walmart due to their dividend potential, and Greenwich Wealth's Vahan Janjigian, who believes undervalued stocks, including traditional value stocks like IBM and Pfizer, will outperform in this economic climate. The debate centers on which strategy will yield better returns in the post-rate cut environment.
Source: YAHOO
Reported 18 days ago
In a recent discussion, Raymond James strategist Matt Orton suggests diversifying investment portfolios beyond major tech giants by exploring opportunities in sectors benefiting from the AI boom. He highlights the potential of industrial companies focused on power solutions and cooling systems, as well as defense firms seeing growth from increased government spending. Orton encourages investors to balance their portfolios as market conditions change with interest rate cuts.
Source: YAHOO
Reported 18 days ago
BMO Capital Markets has raised its S&P 500 price target to 6,100, marking it as the highest projection among Wall Street strategists following a record high above 5,700 in recent trading. Chief Investment Strategist Brian Belski discusses this bullish forecast during an episode of Catalysts, hosted by Madison Mills and Seana Smith.
Source: YAHOO
Reported 18 days ago
Shares of Constellation Energy soared following a new agreement with Microsoft to supply clean energy for its cloud computing and AI data centers. This collaboration could lead to the reopening of the Three Mile Island nuclear plant and is projected to contribute $16 billion to Pennsylvania's economy.
Source: YAHOO
Reported 18 days ago
FedEx's latest fiscal earnings fell short of expectations, leading to a decrease in its full-year forecast, which resulted in a sharp decline in its stock price. Analyst Daniel Imbro from Stephens Equity Research suggests that while the reaction is justified, the current stock price presents an appealing buy opportunity. He notes a shift from priority to deferred freight could hinder revenue, although potential seasonal normalization is anticipated as the holiday season approaches.
Source: YAHOO
Reported 18 days ago
FedEx's stock dropped almost 15% following a disappointing earnings report that showed profits significantly below analysts' expectations, raising concerns about the strength of the US economy. The company also lowered its projected earnings for the upcoming fiscal year, contrasting its outlook with recent Federal Reserve rate cuts. CEO Raj Subramaniam cited inflation's impact on customer behavior and a weakening industrial economy as key factors behind the company's struggles.
Source: YAHOO
Reported 18 days ago
Palantir Technologies has been awarded a $100 million contract by the US Department of Defense to expand its AI tool, the Maven Smart System, to a broader base of military personnel. This significant deal illustrates the growing reliance on advanced technology in military applications.
Source: YAHOO
Reported 18 days ago
ASML shares have declined after Morgan Stanley downgraded its earnings estimates, joining earlier downgrades from Deutsche Bank and UBS due to concerns about growth in the semiconductor market and rising competition from Intel and Chinese manufacturers.
Source: YAHOO
Reported 18 days ago
Former President Donald Trump has expressed a desire to eliminate the $10,000 cap on state and local tax (SALT) deductions established by the 2017 tax law. This cap particularly impacted taxpayers in affluent states, and with significantly shifting political landscapes expected after the 2024 elections, there seems to be a feasible path toward its repeal. The outcome will depend heavily on the composition of Congress and the winner of the presidential election. Democrats, including Vice President Kamala Harris, have long sought to repeal the cap, which could trigger significant political battles in 2025 as various tax cuts also approach expiration.
Source: YAHOO
Reported 18 days ago
As the market reacts positively to the Federal Reserve's recent rate cut, strategist Emily Roland emphasizes the need to focus on midcaps and industrials over small caps. Despite small caps experiencing significant gains, she warns that their growth is largely driven by investor sentiment rather than fundamental earnings growth, which remains weak. Roland suggests prioritizing quality companies with strong balance sheets and cash flow as the market evolves.
Source: YAHOO