Reported 21 days ago
In a recent discussion on Yahoo Finance, portfolio manager George Cipolloni emphasized strategies for investing in a broadening market. He noted the past concentration around a few major stocks, now shifting towards more sector diversity, particularly in utilities benefiting from rising energy demands tied to AI technology. Cipolloni advised that index funds can shield investors during periods of market volatility, highlighting the importance of diversification to avoid being overly reliant on single stocks.
Source: YAHOO
Reported 21 days ago
The Federal Reserve is widely anticipated to reduce interest rates for the first time in four years on Wednesday, with speculation about whether the cut will be 25 or 50 basis points. As inflation trends downward, the Fed’s focus has shifted to the job market, which has shown signs of weakness. Fed Chair Jerome Powell is expected to clarify the decision and outline future rate cut projections in a press conference after the meeting, marking the beginning of a new phase in monetary policy.
Source: YAHOO
Reported 21 days ago
In a recent discussion on Yahoo Finance, economist Steve Hanke warned that the United States is heading towards a recession, pointing to the Federal Reserve's slow response in cutting interest rates as a key factor. He noted that the shrinking money supply since July 2022 typically signals economic downturns, cautioning against investing in high-risk assets and advocating for safer options like U.S. Treasuries and gold. Hanke also expressed doubts about the economic policies proposed by both U.S. presidential candidates.
Source: YAHOO
Reported 21 days ago
Chinese chip-related stocks experienced significant gains following claims of a breakthrough in the development of domestically produced semiconductor-making equipment. This advancement aims to help China circumvent U.S. export restrictions on critical chip technology. Notably, Changchun UP Optotech Co. surged by the daily limit of 10%, while other companies like Sai Micro Electronics Inc. and Semiconductor Manufacturing International Corp. also saw substantial increases, indicating investor optimism about China's progress in semiconductor manufacturing.
Source: YAHOO
Reported 21 days ago
The yen strengthened against the dollar, reversing earlier losses, as traders awaited the Federal Reserve's upcoming interest rate decision. In a mixed Asian market session, stocks showed fluctuations, with investors anticipating a potential rate cut from the Fed and its impact on the economy. While most Asian markets remained lower, US equity futures ticked slightly up following a record high for the S&P 500 Index.
Source: YAHOO
Reported 21 days ago
Pizza Hut is launching a creative recruitment campaign called ResZAme, allowing job seekers to print their résumés on pizza boxes, delivered alongside a pizza. Candidates can submit their résumés on the ResZAmes.com website for a chance to have them delivered to potential employers in New York City. However, Pizza Hut clarifies that while they will deliver the pizzas, they cannot guarantee that the résumés will reach their intended recipients or lead to job offers.
Source: YAHOO
Reported 21 days ago
Intuitive Machines has been awarded a $4.82 billion contract by NASA for navigation and communication services, specifically for the Artemis program. The contract includes deploying lunar relay satellites over a five-year period. Following the announcement, Intuitive's shares surged 52%, reflecting strong investor confidence and the company's potential for future contracts in space exploration, including upcoming moon missions.
Source: YAHOO
Reported 21 days ago
California Governor Gavin Newsom has enacted three new laws aimed at regulating the use of AI-generated video, audio, and images in political advertisements to combat election misinformation, particularly in response to a controversial deepfake video shared by Elon Musk. The legislation requires political ads to disclose the use of generative AI, holds online platforms accountable for deceptive content, and prohibits the creation of misleading AI content related to elections. These measures come as part of California's broader efforts to lead in AI regulation amidst ongoing concerns over the technology's impact.
Source: YAHOO
Reported 21 days ago
Jon Hilsenrath, a former Wall Street Journal reporter now with Serpa Pinto Advisory, anticipates that the Federal Reserve will implement a 50 basis points cut at the upcoming FOMC meeting. Hilsenrath explains that the Fed is likely to ease significantly in the coming year, as they need to lower rates more aggressively to reach their targets. Given the current economic context and the volume of data influencing their decisions, he believes that substantial cuts are necessary to effectively manage interest rates.
Source: YAHOO
Reported 21 days ago
A coordinated attack in Lebanon involving the detonation of hundreds of pagers has resulted in at least nine deaths and thousands injured, raising concerns about a new form of tech-based sabotage. Believed to target Hezbollah members, this incident marks a shift in warfare strategies, as simple devices are manipulated to cause devastation. Experts warn that this attack could signal increased vulnerabilities in digital communication, emphasizing potential risks in modern warfare.
Source: YAHOO
Reported 21 days ago
Hennion & Walsh CIO Kevin Mahn discusses the attractiveness of the utility sector in the context of an expected interest rate cut. He emphasizes that utility stocks are appealing due to their high dividend yields and defensive nature, making them suitable during market volatility. Mahn also points out that these stocks could serve as a 'backdoor play' into the AI revolution, particularly given the power demands of data centers, highlighting companies like Southern Company, Sempra Energy, and NiSource as potential investment opportunities.
Source: YAHOO
Reported 21 days ago
As the Federal Reserve prepares to cut interest rates, investors are urged to have a solid plan in place to navigate potential market uncertainty. Experts like JPMorgan's David Kelly recommend a gradual approach to rate changes to maintain economic confidence. While some strategists predict a recession by 2025 due to inflation and slowing consumer spending, there remains a cautious optimism about the economy’s resilience. Investors should reconsider their portfolio allocations in light of the shifting interest rate landscape, potentially moving towards a more diverse investment strategy.
Source: YAHOO
Reported 21 days ago
Creatio CEO Katherine Kostereva discussed the transformative potential of AI in the software industry during an interview. She emphasized that the limited number of software developers—25 million—cannot meet the demands of the 500 million applications needing automation. Kostereva believes that AI will revolutionize app creation and enhance productivity among nonprofessional developers, or 'citizen developers'. Creatio, which recently raised $200 million to invest in AI technology, aims to innovate in the no-code arena, enabling users to construct apps through simple interfaces.
Source: YAHOO
Reported 21 days ago
Investors on Wall Street are increasingly optimistic about the Federal Reserve's ability to achieve a soft landing as they prepare for an interest rate-easing cycle. Recent data from a Bank of America Global Fund Managers survey highlights a surge in investor confidence regarding this outlook.
Source: YAHOO
Reported 21 days ago
David Kelly, JPMorgan Asset Management’s chief global strategist, warns that reckless interest rate cuts by the Federal Reserve could trigger recession fears and damage investor confidence. While he describes the current US economy as healthy, he cautions against aggressive rate reductions, emphasizing that initial cuts may hurt the economy before they help. Kelly also highlights potential risks from tariffs, which could cause both economic slowdown and inflation.
Source: YAHOO
Reported 21 days ago
Stocks remained largely unchanged on Tuesday as investors waited for the Federal Reserve's decision on an expected rate cut, slated for reveal on Wednesday. The Dow Jones and S&P 500 fell about 0.2%, while the Nasdaq Composite stayed above the flatline. Concerns about the potential size of the rate cut alongside recent retail sales data contributed to uncertainty, affecting trading momentum for major indices.
Source: YAHOO
Reported 21 days ago
The weight-loss drug market is becoming increasingly competitive as companies like Roche, Novo Nordisk, and Eli Lilly develop new GLP-1 pills designed to rival the existing injectable options. Recent trial data suggests that these oral medications could achieve significant weight loss, yet concerns about side effects and patient preferences linger. As the landscape evolves, experts argue the need for diverse treatment options, stressing that patient response varies, making competition essential in addressing various obesity-related health issues.
Source: YAHOO
Reported 21 days ago
The article argues that Donald Trump's proposed tariffs, which could impose a 20% tax on most imports and a 60% tax on Chinese goods, would greatly exacerbate inflationary pressures faced by American households. While President Biden's inflation has resulted in a loss of purchasing power, estimates suggest that Trump's tariffs could cost households an additional $2,600 annually, far outweighing the economic impact of Biden's policies. The commentary emphasizes that these tariffs represent a tax paid by American importers, underlining that the true cost of Trump's trade policy may prove more burdensome than the inflation experienced under Biden.
Source: YAHOO
Reported 21 days ago
On September 17, 2024, the S&P 500 achieved an intraday record high but closed slightly below its opening value, coinciding with the upcoming Federal Reserve interest rate decision. Analysts, including Jared Blikre from Yahoo Finance, discussed key market trends, highlighting the ongoing bullish sentiment from fund managers towards the Magnificent Seven technology stocks and notable pricing movements in silver.
Source: YAHOO
Reported 21 days ago
As the cryptocurrency market anticipates the Federal Reserve's first interest rate cut in four years, Bitcoin has reached a three-week high. Devin Ryan, director of financial technology research at Citizens JMP, discusses the potential positive impacts of lower interest rates on the crypto and fintech sectors, highlighting that easing rates could foster a 'risk-on' environment conducive to growth and increased transaction activity. He notes a significant divergence in performance among fintech companies, with those achieving profitability showing substantial stock gains, while others remain under pressure.
Source: YAHOO
Reported 21 days ago
Instagram is introducing new accounts specifically for teens, which will limit exposure to sensitive content and restrict app usage. This move comes in response to concerns about the platform's impact on the mental health of younger users, with Meta Platforms implementing various safety and privacy features to enhance online security for this demographic.
Source: YAHOO
Reported 21 days ago
BlackRock Inc. and Microsoft Corp. are collaborating to raise $30 billion in private equity to fund the development of data warehouses and energy infrastructure for artificial intelligence. This initiative aims to leverage additional investments totaling up to $100 billion, highlighting the urgent need for global data center expansion amidst the soaring AI demand. Alongside partners like Nvidia and MGX, the companies emphasize that improving infrastructure will facilitate technological advancements and economic growth across multiple sectors.
Source: YAHOO
Reported 21 days ago
Canada Jetlines, a regional airline based in Ontario, has begun the liquidation process after accruing debts of $11.8 million CAD and unable to secure necessary financing. The airline, which started operations in September 2022, abruptly canceled all flights in August 2024 and has now formally filed for bankruptcy. A trustee has been appointed to oversee the sale of assets to repay creditors, marking a significant failure in the regional airline market.
Source: YAHOO
Reported 21 days ago
The Federal Reserve is set to announce its interest rate decision tomorrow, with expectations of a 25-basis-point cut following the September FOMC meeting. Alongside this, August housing data will be released, including monthly housing starts and building permits. Additionally, General Mills (GIS) will report earnings for its fiscal first quarter of 2025.
Source: YAHOO
Reported 21 days ago
Steve Cohen, the billionaire founder of Point72 Asset Management, has announced he will no longer engage in trading at the hedge fund, instead focusing on strategic management and developing future talent. Currently, he remains active in investment decision-making as a co-chief investment officer.
Source: YAHOO