Reported 12 days ago
In an interview with Yahoo Finance, Macy's Chairman and CEO Tony Spring discussed the uncertain effects of President-elect Donald Trump's proposed tariffs, which include significant increases on Chinese goods. He highlighted that while retail companies have already adjusted their sourcing in response to previous tariffs, it remains uncertain if additional tariff measures will lead to price increases for consumers. Spring expressed hope that Macy's could maintain current pricing but acknowledged the need for evaluation if the tariffs are substantial.
Source: YAHOO
Reported 12 days ago
Cathie Wood, the co-founder and CEO of Ark Invest, has made strategic moves in her portfolio by adding positions in The Trade Desk, Pacific Biosciences of California, and Guardant Health. Despite a challenging couple of years, her investments reflect a focus on aggressive growth, with The Trade Desk showcasing strong revenue growth, while Guardant Health's recent positive earnings report resulted in a stock surge. Meanwhile, Pacific Biosciences is showing potential for future growth despite current struggles.
Source: YAHOO
Reported 12 days ago
Deena Shakir from Lux Capital discusses the significant opportunity in women's health for venture capitalists, amid a contrasting landscape in tech investments as other sectors struggle. Despite uncertainties in IPOs and M&A activities, Shakir emphasizes the ongoing healthcare needs and the importance for entrepreneurs to leverage technology to create impactful businesses in this vital area.
Source: YAHOO
Reported 12 days ago
Marc Rowan, Co-Founder and CEO of Apollo Global Management, emphasizes the need for investors to reevaluate the traditional distinctions between private equity and public assets. In a recent interview, he pointed out that both types of investments now carry similar risks and rewards, and highlighted a growing trend where investors question why their fixed-income portfolios are solely composed of public assets.
Source: YAHOO
Reported 12 days ago
Source: YAHOO
Reported 12 days ago
Federal Reserve Chair Jerome Powell has raised concerns about the unsustainable trajectory of the U.S. national debt, currently at $35 trillion, following the recent surge in the stock market after Trump's election. He warned that growing budget deficits pose a potential threat to the economy. While investors are currently optimistic, they may need to prepare for future risks as Powell suggests that fiscal policies are not on a sustainable path.
Source: YAHOO
Reported 12 days ago
Hertz Global Holdings experienced a decline in stock prices after reporting a broader-than-expected loss in Q3, primarily due to the setbacks from its electric vehicle (EV) initiative, particularly the integration of Tesla cars into its rental fleet.
Source: YAHOO
Reported 12 days ago
Source: BARRONS
Reported 12 days ago
Shopify shares surged nearly 25% on Tuesday after the e-commerce company reported quarterly earnings that exceeded analyst expectations and provided optimistic guidance, highlighting strong holiday shopping and AI-driven growth.
Source: YAHOO
Reported 12 days ago
Tyson Foods (TSN) exceeded its fiscal fourth quarter earnings expectations thanks to a rebound in its chicken business, which compensated for weaknesses in its beef sector. The company is optimistic about growth in its chicken operations for 2025, and its stock has risen over 20% this year. Reports from Seana Smith and Jared Blikre provide insights into the earnings and stock performance.
Source: YAHOO
Reported 12 days ago
Macy's CEO Tony Spring, who took charge in February, is implementing a 'Bold New Chapter' strategy to revitalize the nearly century-old department store amid dwindling sales and investor pressure. The plan involves closing underperforming stores and opening smaller locations to foster sustainable growth and enhance customer experience. Despite challenges from cautious consumers, Spring remains optimistic about Macy's extensive portfolio and its ability to attract customers.
Source: YAHOO
Reported 12 days ago
Rick Rieder, BlackRock's Chief Investment Officer, shared insights with Yahoo Finance about the U.S. economy if Trump wins a second term. He highlighted concerns around high national debt of $35.9 trillion and its potential impact on inflation and growth. Rieder anticipates a more measured approach to Trump's proposed tariffs, suggesting they may not be as extensive as promised. He emphasizes the importance of growing the economy while managing debt as a key strategy moving forward.
Source: YAHOO
Reported 12 days ago
In an interview with Yahoo Finance, Marc Rowan, CEO of Apollo Global Management, expressed optimism about market changes under the incoming Trump administration, highlighting the need for significant reforms and small acquisitions to enhance business growth. He noted that the U.S. economy is positioned for a strong rebound and better global influence, with investments in infrastructure and energy set to propel advancements. Rowan emphasized that cultural aspects are crucial for Apollo's future success as they aim to lead in economic security amidst geopolitical challenges.
Source: YAHOO
Reported 12 days ago
CyberArk, a leader in identity security, is currently rated as a strong buy by Zacks and has seen its stock price increase by 32% year-to-date, outpacing the S&P 500. As the company prepares to release its quarterly earnings, it has shown robust growth expectations with a forecasted EPS growth of 7% and sales increase of 22%. Despite trading at high valuation multiples, positive momentum is expected to continue, making it an appealing option for investors looking for cybersecurity stock exposure.
Source: YAHOO
Reported 12 days ago
Following President-elect Donald Trump's victory, stock markets including the S&P 500 and Dow Jones have hit record highs. Analysts Saira Malik and Nela Richardson discuss factors driving this rally, emphasizing the importance of market fundamentals and the economy's strength. Investors are advised to focus on Federal Reserve policies and monitor the shift in market trends, notably a decline in tech stocks as broader market rallies emerge.
Source: YAHOO
Reported 12 days ago
Home Depot reported stronger-than-expected third-quarter earnings, with sales reaching $40.217 billion, a 6.6% increase compared to last year. While customer transactions saw a slight dip of 0.2% and comparable sales decreased, the company has raised its full-year 2024 revenue forecast and adjusted EPS expectations. CEO Ted Decker noted that despite macroeconomic uncertainties, the performance was boosted by improved engagement in seasonal goods and hurricane-related sales.
Source: YAHOO
Reported 12 days ago
Home Depot's shares rose after the retailer reported third-quarter earnings that exceeded expectations and raised its full-year guidance. With $40.2 billion in sales, a 6.6% year-over-year increase, CEO Ted Decker noted that warmer weather and an active hurricane season contributed to increased sales, particularly in seasonal goods and outdoor projects. The company now anticipates a 4% rise in total revenue for the year, up from its previous estimate of 2.5% to 3.5%.
Source: YAHOO
Reported 12 days ago
Crude oil prices are gaining after OPEC+ cut their global oil demand growth forecasts, while gold futures are declining. Yahoo Finance's Alexandra Canal reviews the commodities market and the performance of the US dollar.
Source: YAHOO
Reported 12 days ago
ON Holding (ONON) shares are gaining attention as the activewear company reveals mixed results for the third quarter, highlights record sneaker sales, and raises its full-year guidance.
Source: YAHOO
Reported 12 days ago
Shell has successfully appealed a 2021 ruling from The Hague district court that mandated the company to reduce its carbon emissions by 45% from 2019 levels by 2030. The appeals court confirmed that while Shell must make emissions cuts, it cannot specify the extent of those reductions. Yahoo Finance anchors discuss the implications of this decision.
Source: YAHOO
Reported 12 days ago
Hertz Global announced a third-quarter loss of $1 billion, significantly higher than expected, mainly due to elevated depreciation costs from its vehicle fleet. This led to a more than 4% decline in share prices. The company's revenue also fell short of estimates, dropping 5% to $2.58 billion, as it faced challenges from declining used car demand and rising repair costs associated with electric vehicles.
Source: YAHOO
Reported 12 days ago
Shopify anticipates stronger than expected fourth-quarter revenue growth, driven by increased adoption of AI tools that attract more merchants ahead of the holiday season. Its shares surged nearly 15% after beating third-quarter revenue estimates with a 26% rise, reflecting continued customer growth and a focus on enhancing e-commerce services.
Source: YAHOO
Reported 12 days ago
New data reveals that rents dropped 0.6% in October compared to the previous month, with the median asking rent now at $1,619. This decline is attributed to an oversupply of apartments in the market, surpassing demand. Despite the downward trend, shelter and food costs still significantly contribute to inflation. The construction of multifamily housing units is ongoing, promising more affordable rentals in the future, though current rents have remained mostly stable over the past two years.
Source: YAHOO
Reported 12 days ago
The US stock market experienced a pullback on Tuesday, with the Dow Jones dropping nearly 0.8% and the S&P 500 falling over 0.2%, as investors reconsider buying pressures and await the upcoming Consumer Price Index report. Boeing's shares slid more than 2.5% due to decreased aircraft deliveries amidst strikes, while Bitcoin continues its rally, nearing $90,000. Analysts suggest that recent post-election surges in stock prices may be running out of steam, with concerns about inflation and potential policy impacts from President-elect Donald Trump's Cabinet selections.
Source: YAHOO
Reported 12 days ago
Novavax has once again lowered its revenue forecast for 2024, now estimating between $175 million and $225 million in sales for its COVID-19 vaccine, amid disappointing market performance. This revision precedes the transfer of sales rights to Sanofi, as Novavax continues to struggle against competitors like Moderna and Pfizer. The company has also adjusted its total revenue expectations for 2024 to between $650 million and $700 million, significantly down from earlier estimates of up to $1 billion. Despite a slight increase in third-quarter COVID vaccine sales compared to expectations, Novavax reported a net loss of $121 million.
Source: YAHOO