Reported 13 days ago
As President-elect Donald Trump prepares to take office, student loan borrowers face uncertainty over Biden's forgiveness plans. Student loan expert Mark Kantrowitz predicts that Trump's administration may abandon these initiatives since he has historically opposed loan forgiveness. The existing SAVE plan is still in the courts and may not be resolved before Trump's inauguration, meaning borrowers can continue to benefit from interest-free forbearance. If Trump's presidency blocks the SAVE plan, borrowers may need to consider alternative repayment options.
Source: YAHOO
Reported 13 days ago
The UK government plans to initiate a trial for issuing digital gilts using blockchain technology within the next two years, aiming to modernize its financial markets. Chancellor Rachel Reeves is expected to announce this initiative during her upcoming speech, as the government embarks on significant borrowing activities. The move aims to streamline gilt trading processes, making them faster and more cost-effective, aligning with recent trends from other countries exploring digital debt issuance.
Source: YAHOO
Reported 13 days ago
Investing plays a crucial role for veterans and first responders, who often face unique financial circumstances compared to civilians. Military investing expert Kaj Larsen emphasizes the need for veterans to educate themselves about available benefits and maximize their financial potential through smart investing. He suggests leveraging their discretionary spending, often higher due to covered essentials like healthcare, and stresses the importance of sound investment principles such as diversification and emergency savings to secure their financial future.
Source: YAHOO
Reported 13 days ago
Warren Buffett has recently taken a cautious approach towards investing, evidenced by Berkshire Hathaway's $325 billion cash reserve and a historic $166 billion in stock sales, including divesting from major holdings like Apple. This shift indicates his belief that the market is significantly overvalued, leading him to prefer low-risk U.S. Treasury bills over equities. Analysts note that while this patience aligns with his strategy of waiting for better bargains, it also risks missing opportunities if the market rebounds.
Source: YAHOO
Reported 13 days ago
Analysts are adjusting Dell Technologies' stock price target upward, citing the company's strong positioning in the artificial intelligence sector, contrasting with the struggles faced by rival Super Micro Computer. Following allegations of accounting irregularities against Super Micro and significant losses in its share price, analysts are optimistic about Dell's potential gains in AI orders, with some estimating a substantial revenue increase in the coming fiscal years.
Source: YAHOO
Reported 13 days ago
Following Donald Trump's re-election in 2024, Google searches for 'leaving the US' have skyrocketed by 1,500%, indicating a significant number of Americans contemplating moving abroad. Yahoo Finance correspondent Rachelle Akuffo discusses popular destination countries and offers advice for those looking to make an international relocation.
Source: YAHOO
Reported 13 days ago
Onex Corp. saw its stock reach a record high after TD Cowen upgraded it from a neutral to a buy rating, following a successful year of credit fundraising where the firm raised $5.6 billion. CEO Bobby Le Blanc highlighted this as a remarkable year, significantly outpacing expectations. The share price climbed 6.5% to C$118.38, bolstered by an optimistic forecast from analysts for further growth and potential buyback activity, leading to a unanimous buy consensus.
Source: YAHOO
Reported 13 days ago
CMA CGM, a major container shipping company, experienced a remarkable increase in revenue and profits in the third quarter of 2024, with group revenue reaching $15.8 billion, a 38.5% rise from the previous year. This growth was attributed to higher demand for liner services and disruptions affecting shipping routes, despite potential future challenges posed by new vessels. The company's shipping revenue climbed 43.4% year-on-year to $10.9 billion, while EBITDA soared 179% to $4.4 billion. Geopolitical uncertainties and operational changes also contributed to the dynamic performance in their maritime activities.
Source: YAHOO
Reported 13 days ago
American Electric Power Co. is considering changes to its 2045 net-zero carbon target based on the direction of state regulators under new CEO Bill Fehrman. With many of AEP's states being conservative, Fehrman plans to align the company's climate strategies with local policies focused on economic development and jobs, rather than imposing a top-down approach. This shift comes as utilities face rising power demands, complicating their ability to meet previous emissions reduction goals.
Source: YAHOO
Reported 13 days ago
Schneider National will begin its intermodal service connecting the Southeast U.S. to Mexico in December. This service allows for seamless rail transportation without the need for border container handoffs, as customs are processed en route. It targets shippers in states like Florida and Georgia, enhancing efficiency, reducing delays, and minimizing theft risk. The initiative is part of a collaboration with CSX and Canadian Pacific Kansas City, marking a significant evolution in intermodal logistics.
Source: YAHOO
Reported 13 days ago
Source: BARRONS
Reported 13 days ago
Steve Schwarzman's early endorsement of Donald Trump is proving beneficial as he gains influence in the new administration. Schwarzman, who initially distanced himself from Trump, now has the potential to affect key policies while maintaining a hedge through differing political alliances at Blackstone. His support came after a series of shifts in his political stance, reflecting his concern for economic and immigration policies. Amid this, his heir-apparent, Jon Gray, who leans Democratic, showcases Blackstone's diverse political strategy aimed at business adaptability.
Source: YAHOO
Reported 13 days ago
The National Highway Traffic Safety Administration has opened an investigation into 1.4 million Honda vehicles following reports of severe engine issues. This comes after Honda recalled 249,000 cars in 2023 due to a manufacturing defect that could lead to engine failure. The probe will assess the severity of the problem and whether additional models from 2016-2020 should also be included in the recall.
Source: YAHOO
Reported 13 days ago
Partners Group Holding AG has selected Bank of America and UBS as leading arrangers for a potential IPO of Ammega Group BV, a European conveyor-belt manufacturer, aimed for late 2025. This follows Partners Group's evaluation of exit strategies for Ammega, which was formed in 2018 and is one of the firm's largest holdings. The private equity sector is seeing increased pressure to return investor capital, which may revitalize IPO activities despite potential challenges such as tariffs affecting export-dependent companies.
Source: YAHOO
Reported 13 days ago
Investors are pulling money from China-focused ETFs following Donald Trump's election victory, which raised concerns about potential tariffs on Chinese goods. The iShares China Large-Cap ETF and iShares MSCI China ETF saw significant outflows amidst a backdrop of disappointment in Beijing's stimulus measures, which were perceived as inadequate in addressing rising debt levels. Analysts suggest that while there's optimism for U.S. equities, global investors are cautious about the implications of Trump's trade policies as they carry on amidst a challenging economic outlook for China.
Source: YAHOO
Reported 13 days ago
The International Monetary Fund (IMF) has commenced its assessment of the loan program with Ukraine, despite Kyiv's postponement in passing expected tax legislation. The IMF aims to potentially release another $1.1 billion to Ukraine, contingent upon Kyiv meeting certain economic benchmarks. Ongoing discussions will examine Ukraine's financial risks and a privatization strategy for state-owned enterprises, while the IMF also raises concerns about Ukrainian tax plans and governance issues.
Source: YAHOO
Reported 13 days ago
According to JPMorgan Chase & Co.'s trading desk, the stock market is likely to experience a stronger rally heading into the end of 2024, spurred by Donald Trump's recent presidential election victory. The bank's head of U.S. market intelligence, Andrew Tyler, expects returns to surpass those of 2016, fueled by weak growth outside the U.S. and strength in technology stocks. While the S&P 500 index has seen significant gains recently, there are concerns about rising Treasury yields and inflationary policies, which could impact the market's prospects going into next year.
Source: YAHOO
Reported 13 days ago
FTX, the collapsed cryptocurrency exchange, is suing Binance and its former CEO Changpeng Zhao for $1.8 billion, claiming that this amount was fraudulently transferred to Binance during a share repurchase deal. The lawsuit argues that FTX's Alameda Research, which facilitated the transaction, was insolvent at the time and should not have been able to fund the share buyback. FTX seeks to recover the funds for its creditors and additional damages. Binance denies the claims, describing them as meritless.
Source: YAHOO
Reported 13 days ago
Tesla's stock surged nearly 9% on Monday, reaching its highest level since early 2022, as Wall Street grows increasingly optimistic about the company's prospects under the Trump administration. Analysts raised their price target for Tesla to $400, citing anticipated benefits from fast-tracked initiatives in artificial intelligence and autonomous driving. The stock has appreciated nearly 50% since the election, reflecting a significant shift in investor sentiment amidst a rally-induced short squeeze.
Source: YAHOO
Reported 13 days ago
Tesla's stock surged nearly 9% on November 11, 2024, reaching its highest price since 2022 as Wall Street's optimism grows following Donald Trump's election victory. Analysts from Wedbush raised their price target for Tesla to $400, anticipating that the Trump administration will accelerate initiatives in artificial intelligence and autonomous driving, potentially increasing the company's value by $1 trillion. The stock has risen nearly 50% since the election and has caused significant financial losses for hedge funds betting against it.
Source: YAHOO
Reported 13 days ago
Huawei Technologies has requested a U.S. court to dismiss several criminal charges against the company, accusing it of stealing technology secrets and misleading banks. In a federal court filing, Huawei argued there is no evidence of a conspiracy and claimed that many charges relate to actions outside the U.S. The company labeled the prosecution as part of the Justice Department's flawed China Initiative. A trial is set for January 5, 2026, which began as part of an investigation linked to the detention of Huawei's CFO in Canada.
Source: YAHOO
Reported 13 days ago
The largest gold-backed ETF, SPDR Gold Shares (GLD), experienced its biggest weekly outflow of over $1 billion since July 2022 following Donald Trump's election victory, as investors moved to take profits. While gold typically serves as a safe haven during political uncertainty, the definitive election results led to a shift in investor sentiment, coinciding with a drop in gold prices and a rise in US equities and the dollar.
Source: YAHOO
Reported 13 days ago
Following Donald Trump's 2024 election victory, tech CEOs expressed their support, though experts suggest this was more strategic than sincere due to lessons learned from Trump's first term. Analyst Rani Molla highlights that companies like Tesla may benefit under Trump's administration, but warns the overall tech landscape remains uncertain due to possible policies on China tariffs and AI regulations.
Source: YAHOO
Reported 13 days ago
Source: INVESTORS