Reported 13 days ago
Traders are flocking to the Direxion Daily 20-Year Treasury Bull 3X ETF, despite its history of disappointing returns, with a record $625 million injected last week, amid speculation that interest rates have peaked. The fund, which offers triple exposure to the Treasury market, along with the iShares 20+ Year Treasury Bond ETF, are drawing significant investments even as they face losses this year, indicating a risky bet in a potentially volatile economic landscape.
Source: YAHOO
Reported 13 days ago
The stock market saw significant gains on Monday, with the Dow Jones Industrial Average closing above 44,000 and the S&P 500 surpassing 6,000 for the first time, boosted by optimism surrounding a Trump administration that may reduce corporate taxes and deregulate industries. Bitcoin also surged, reaching an all-time high of nearly $87,000, while Tesla's stock continued to rise amid favorable investor sentiment. However, caution about the sustainability of this rally lingered as markets awaited consumer inflation data.
Source: YAHOO
Reported 13 days ago
Source: INVESTORS
Reported 13 days ago
US veterans face unique challenges when starting small businesses, a topic discussed by Elizabeth Gore and Brad Smith. With 1.9 million veteran-owned businesses, issues like poor or nonexistent credit histories hinder access to loans needed for startup. However, grants for veterans and military spouses offer valuable funding opportunities. Get more insights on resources available for veterans looking to launch their businesses.
Source: YAHOO
Reported 13 days ago
Bitcoin soared to a record high of $84,400 following Donald Trump's election victory, contributing to a stock market rally. The Dow Jones increased over 300 points, while stocks related to cryptocurrencies, like Coinbase and MicroStrategy, saw significant gains. Tesla's shares also surged amid optimism about Trump's administration favoring electric vehicle manufacturers. Cigna's stock rose after it abandoned plans to merge with Humana, which faced a decline in its stock price. Overall, the market displayed mixed results, evidencing investor reactions to the political landscape.
Source: YAHOO
Reported 13 days ago
The proposed tariffs by President-elect Trump may have a different impact on the economy compared to historical tariffs like the Smoot-Hawley Act, due to advancements in transportation, widespread industrialization, and the globalization of markets. Today’s technological edge, real-time economic capabilities, and the shift towards domestic sourcing could potentially drive innovation and reshape global supply chains, presenting opportunities rather than the economic disasters seen in the past.
Source: YAHOO
Reported 13 days ago
Itau Asset Management, managing around 1 trillion reais ($173 billion), has established a new emerging-market equity desk in Miami, headed by Jamie Rice, previously of Wellington Management. This strategic move aims to capitalize on developing-nation stocks as interest in emerging equities rises amidst economic changes and political implications from a potential second Donald Trump presidency.
Source: YAHOO
Reported 13 days ago
At COP29 in Azerbaijan, John Podesta, the top U.S. representative, asserted that the United States will continue its efforts to combat climate change despite President-elect Donald Trump's plans to retreat from global warming initiatives. Podesta emphasized the progress made in reducing carbon emissions, even as the anticipated rollback in U.S. climate policies complicates international negotiations. He called for sustained commitment to fight climate change, noting that the effectiveness of the Paris Agreement remains despite Trump's previous withdrawal announcement.
Source: YAHOO
Reported 13 days ago
Investors are increasingly betting on Tesla's stock options, which have surged to a two-year high following Donald Trump's electoral win, spurred by expectations that CEO Elon Musk's affiliation with Trump may benefit the electric car company. Tesla shares rose 8% to $346.12 and have increased over 35% since the election. The trading volume of Tesla options has doubled, particularly for contracts expiring soon, reflecting investor optimism about the company's prospects under a Trump administration. Analysts have adjusted their target price for Tesla shares higher, predicting favorable conditions for the company's growth in the coming years.
Source: YAHOO
Reported 13 days ago
Vialto Partners, a tax and immigration services provider backed by Clayton Dubilier & Rice, has announced a debt restructuring deal that will provide $225 million in new equity and reduce approximately $700 million of its existing debt. The move comes after the company, which separated from PricewaterhouseCoopers two years ago, faced financial difficulties due to a cash crunch and high debt. The restructuring is set to close in early 2025.
Source: YAHOO
Reported 13 days ago
The US Bureau of Labor Statistics is set to release the Consumer Price Index (CPI) for October on November 13, which reflects monthly price changes faced by consumers, an essential indicator of inflation trends. Wealth host Brad Smith discusses CPI's meaning, what to anticipate from the upcoming data, the distinction between headline and core CPI, and which industries will be under scrutiny by economists.
Source: YAHOO
Reported 13 days ago
US stock indexes are on a winning streak as investor optimism about a Trump administration grows, with bitcoin reaching a record $88,000. Live Nation is set to announce its quarterly earnings, while Yahoo Finance highlights trending stocks such as Abbvie, MARA Holdings, and Coinbase.
Source: YAHOO
Reported 13 days ago
Blackstone Inc. is in advanced negotiations to purchase a minority stake in American Industrial Partners (AIP), known for its investments in middle-market industrial companies. While a deal has not yet been finalized, it could be announced in the coming weeks. AIP currently manages about $16 billion in assets and recently completed buying AGCO Corp.'s grain and protein division.
Source: YAHOO
Reported 13 days ago
At the COP29 climate summit, negotiators achieved a significant breakthrough by establishing rules for a UN-administered global carbon market aimed at enhancing emissions trading. This market, which proponents believe will attract billions for emissions reduction projects especially in developing nations, allows buyers in wealthier countries to purchase credits from projects that mitigate pollution. While the new rules provide a framework under 'Article 6.4' of the Paris Agreement, concerns remain regarding transparency and the integrity of carbon credit verification. Negotiators are also tasked with finalizing additional rules under Article 6.2 for bilateral trades.
Source: YAHOO
Reported 13 days ago
The impending victory of Donald Trump poses a risk to the tax exemption for municipal bond investors, as Republicans attempt to regain control of the White House and Congress. Trump's proposed tax cuts could necessitate finding new revenue sources, with the municipal tax exemption, costing the government less than $40 billion annually, seen as a potential target. Despite some bipartisan support for this exemption, analysts warn that removing it could hinder infrastructure financing and increase costs for local governments.
Source: YAHOO
Reported 13 days ago
Boeing announced that Elizabeth Lund, its head of quality for commercial airplanes, will retire in December after a 33-year career, during which she led key improvement initiatives. Lund's tenure included fallout from a January incident involving a 737 MAX 9, prompting regulatory scrutiny and a commitment to enhance safety protocols. Doug Ackerman will succeed her as the company continues to address quality and production issues under increased FAA oversight.
Source: YAHOO
Reported 13 days ago
Groupe Dynamite, a Canadian women’s clothing retailer, has launched its initial public offering aimed at a C$2.3 billion ($1.7 billion) valuation. The site plans to offer subordinate voting shares priced between C$19 to C$23 each, potentially raising C$300 million. CEO Andrew Lutfy will retain significant ownership and voting rights, making his stake worth around C$2 billion if valued at C$21 per share. The company operates nearly 300 stores across Canada and the US, with revenue of C$888 million in the past year.
Source: YAHOO
Reported 13 days ago
Elliott Investment Management has named Samantha Algaze as its first female partner and promoted John Pike and Pat Frayne to its management committee. Algaze, a senior portfolio manager who joined the firm in 2013, was notable for her involvement in significant trades. With these changes, the management committee will now consist of 12 members, as the firm continues to grow, overseeing approximately $70 billion in assets.
Source: YAHOO
Reported 13 days ago
Investors are optimistic about Big Tech's prospects during Donald Trump's potential second term, driven by his support for cryptocurrency, hopes for deregulation, and backing from influential tech leaders like Elon Musk. Sultan Meghji, co-founder and CEO of Frontier Foundry, believes that Trump's administration may view AI and crypto as vital economic growth tools rather than areas to regulate. However, concerns about mass deportation plans and the challenges immigrants face in finding jobs remain critical issues, suggesting that the tech industry could help improve the immigration process.
Source: YAHOO
Reported 13 days ago
The recent surge in Bitcoin prices, spurred by geopolitical factors including Donald Trump's presidential win, has revived a popular trading strategy among crypto hedge funds known as the basis trade. This involves buying Bitcoin at spot prices while selling long-dated futures, amplifying investor demand and pushing prices higher. With Bitcoin nearing a record $85,000, institutions are increasingly leveraging futures and options markets, driving the basis on CME contracts to approximately 18%. Predictions suggest a potential rise to $100,000 by year-end, reflecting growing confidence in the cryptocurrency's future.
Source: YAHOO
Reported 13 days ago
Source: INVESTORS
Reported 13 days ago
Chipotle Mexican Grill has officially named Scott Boatwright, who has been serving as interim CEO since Brian Niccol left for Starbucks, as its permanent CEO. Boatwright, a veteran in the restaurant industry with seven years at Chipotle and previous experience at Arby's, aims to transform the chain into a 'global lifestyle brand' and plans to expand to 7,000 locations in North America. His appointment comes amidst significant management changes following Niccol’s exit.
Source: YAHOO
Reported 13 days ago
On November 11, 2024, the Dow Jones and S&P 500 reached all-time highs, closing above 44,000 and 6,000 respectively, as investor optimism surged following the recent presidential election and a favorable environment for cryptocurrencies. Bitcoin hit a record near $87,000, buoyed by expectations for a pro-crypto Trump administration, while shares of Tesla continued to rise. Despite the rally, concerns about the sustainability of the market gains surface as investors await key inflation data.
Source: YAHOO
Reported 13 days ago
Invesco Portfolio Manager Ben Gutteridge advocates for US equities to play a 'dominant' role in international investment portfolios, suggesting they should constitute a significant portion of equity exposure. While he favors a diversified approach for tech and financial investments, he emphasizes that international investors should consider allocating around half of their equity investments to US stocks, balancing with other global opportunities.
Source: YAHOO
Reported 13 days ago
Crude oil and gold prices have fallen as the US dollar strengthens following President-elect Donald Trump's re-election. Analysts are assessing Trump's potential impact on global markets, particularly regarding the ongoing conflict in Gaza and proposed tariffs on Chinese imports, which could trigger a trade war. Yahoo Finance Senior Business Reporter Ines Ferré discusses the market movements in detail.
Source: YAHOO