Reported 21 days ago
At the GasTech conference in Houston, leading natural gas executives expressed their belief that Vice President Kamala Harris is now open to continuing fracking, despite her past opposition. They argue that maintaining fracking is crucial for controlling energy prices, especially in battleground states like Pennsylvania, where fracking plays a significant role in the economy. Harris has shifted her stance, stating that she would not ban fracking on federal lands if elected president, which the executives see as a necessary move to prevent economic devastation from higher natural gas prices.
Source: YAHOO
Reported 21 days ago
Blink Charging announced a plan to lay off approximately 14% of its global workforce as part of a cost-reduction strategy due to weakened demand for electric vehicles. The company aims to save about $9 million annually through these cuts, expected to be completed by Q1 2025. This move aligns with recent trends in the market where higher borrowing costs and consumer preferences for hybrids have impacted EV sales.
Source: YAHOO
Reported 21 days ago
A truck driver from W-L Construction & Paving was awarded roughly $184,000 following a whistleblower investigation by OSHA, which uncovered violations of federal rest-break and hours-of-service regulations. The investigation revealed that the company retaliated against the driver for raising concerns about unsafe working conditions that jeopardized his safety and others. The awarded amount includes back wages, compensatory damages, punitive damages, and attorney fees, along with an order for the company to reinstate the driver.
Source: YAHOO
Reported 21 days ago
Traders are facing potential losses on their record wagers anticipating a significant Federal Reserve interest-rate cut if officials opt for a smaller reduction. As speculation rises about the size of the forthcoming cut, the sentiment has shifted notably, with the market now pricing a greater likelihood for a half-point reduction, instead of the previously expected quarter-point. This heightened positioning in the futures market signals vulnerability should the Fed opt for a smaller cut, leading to sharp reactions in U.S. Treasury yields.
Source: YAHOO
Reported 21 days ago
Microsoft and BlackRock have announced a new fund exceeding $30 billion, aimed at investing in artificial intelligence infrastructure such as data centers and energy projects. This initiative, called the Global AI Infrastructure Investment Partnership, responds to the increasing computational demands of AI models, facilitating better AI supply chains and energy sourcing. The partnership, which includes Abu Dhabi-backed MGX and AI chip firm Nvidia, could mobilize up to $100 billion with debt financing, focusing investments primarily in the U.S.
Source: YAHOO
Reported 21 days ago
Bank of America Securities has upgraded Hewlett Packard Enterprise (HPE) from Neutral to Buy, highlighting key factors such as the growing demand for its liquid-cooling technology in AI applications, the positive outlook from the Juniper acquisition, and the stock's favorable valuation.
Source: YAHOO
Reported 21 days ago
Livspace, a home interiors platform supported by KKR and Goldman Sachs, anticipates its first profit in early 2025 as it gears up for an IPO. The Singapore-based startup, which generates 85% of its revenue from India, is experiencing 40% year-over-year revenue growth and plans to relocate its headquarters to India by mid-2025. Livspace aims to increase its store presence across India while focusing on organic revenue growth after shifting away from acquisitions.
Source: YAHOO
Reported 21 days ago
Joe Lonsdale, co-founder of Palantir Technologies and managing partner at 8VC, shares insights on achieving success in business during an interview with Yahoo Finance. He emphasizes the importance of having extraordinary talent dedicated to a mission, highlighting that great achievements require years of hard work.
Source: YAHOO
Reported 21 days ago
TJX Companies, the parent of TJ Maxx, Marshalls, and HomeGoods, is seen as a strong investment opportunity due to its aggressive growth strategy and 6% year-over-year revenue increase, capturing a larger share of consumer spending. With plans to open up to 1,300 new locations globally and improved margins, TJX is outpacing many competitors. In contrast, Target faces challenges with declining same-store sales and increased competition, though it is making efforts to optimize costs and improve inventory management.
Source: YAHOO
Reported 21 days ago
On September 17, 2024, U.S. stock indexes closed mixed as the market remained near all-time highs in anticipation of a crucial Federal Reserve meeting. The S&P 500 inched up slightly, while the Dow Jones Industrial Average dipped marginally below its previous day's record. The Nasdaq composite rose due to gains in major tech companies. Overall, stocks are reflecting expectations for potential economic relief through an interest rate cut by the Fed, with year-to-date performances showing significant gains across all major indexes.
Source: YAHOO
Reported 21 days ago
Teladoc Health's stock experienced a significant rise in Tuesday trading after Jefferies analysts raised their price target from $8 to $10 per share, attributing the increase to Teladoc's growing web traffic for BetterHelp.
Source: YAHOO
Reported 21 days ago
Activist investor Elliott Investment Management has reiterated its demand for the ouster of Southwest Airlines CEO Robert Jordan in a memo to the Aircraft Mechanics Fraternal Association. Despite Southwest pledging to overhaul its board, Elliott, which owns 10% of the airline's shares, insists that Jordan and Executive Chairman Gary Kelly should not remain in their positions. Elliott is actively seeking to rally support from the airline's unions for its campaign while Southwest struggles to navigate post-pandemic challenges.
Source: YAHOO
Reported 21 days ago
On the eve of the Federal Reserve's interest rate decision, major stock indices closed relatively unchanged, with the Nasdaq Composite slightly up while the Dow Jones Industrial Average dipped 0.2% after reaching a record high the day before. Market analysts provided insights on sector performance as investors await further developments.
Source: YAHOO
Reported 21 days ago
Hennion & Walsh's CIO Kevin Mahn anticipates the Federal Reserve will implement a 25 basis point interest rate cut in September, potentially marking the start of a series of reductions. He suggests that the Fed may revert to its previous chart predicting three cuts of 25 basis points each this year, with further cuts possible in 2025 and 2026, leading to significantly lower rates by the end of 2026. Mahn advises investors to focus on long-term opportunities in both stocks and bonds, as he expects lower rates and inflation in the coming years.
Source: YAHOO
Reported 21 days ago
The increasing presence of institutional investors like BlackRock and Fidelity in the Bitcoin market raises concerns about the potential erosion of Bitcoin's original decentralized ideals. In a discussion featuring industry experts David Duong and Kelly Kellam, they highlighted that while institutions may accumulate Bitcoin, they do not control the network, which is primarily governed by miners. However, the possibility of these entities influencing Bitcoin's role as a currency and creating a more centralized system remains a concern. Kellam emphasized the importance of self-custody for true financial independence and noted that while ETFs can make Bitcoin accessible to less tech-savvy investors, individuals should prioritize learning to manage their own Bitcoin holdings.
Source: YAHOO
Reported 21 days ago
Experts discuss the progress toward fully immersive virtual reality, emphasizing advancements in technology that might bridge the gap between digital and physical worlds. While references like 'Snow Crash' depict a captivating future, challenges remain; technologies such as haptic suits are essential, and advancements like Neuralink could push the boundaries further. Despite optimism, significant strides are still necessary before such experiences become commonplace.
Source: YAHOO
Reported 21 days ago
Diamondback Energy Inc. is considering utilizing its natural gas production to generate electricity for its drilling and fracking operations in the Permian Basin. Chief Executive Travis Stice highlighted the need for reliable power sources amid frequent grid instability in Texas, expressing an interest in how they could meet electrification demands. While the company has acquired Endeavor Energy and signed an intent to collaborate with nuclear developer Oklo Inc., Stice indicated that Diamondback is unlikely to build its own gas-fired power plants.
Source: YAHOO
Reported 21 days ago
In a recent discussion, Gary Cardone highlighted the growing influence of Bitcoin on capital flows in the digital economy. He suggested that as Bitcoin gains dominance, it could enhance liquidity across the cryptocurrency market. Cardone views Bitcoin as not just a digital asset but as an industry, emphasizing the infrastructure necessary for its integration into the financial system and acknowledging that full adoption will take considerable time.
Source: YAHOO
Reported 21 days ago
Jim Tobin, CEO of the National Association of Home Builders (NAHB), stated that the days of 3 to 4% mortgage rates are likely over, as current rates hover around 5.5%. Despite rising rates, builder confidence is improving, influenced by the Federal Reserve's recent interest rate cuts, which are expected to positively impact construction loans and new housing projects.
Source: YAHOO
Reported 21 days ago
Boeing's stock is nearing 52-week lows as a significant strike by the International Association of Machinists and Aerospace Workers impacts production. Analysts project potential losses exceeding $100 million daily if the strike continues. While Boeing is actively negotiating with union representatives to resolve the situation, the company's financial condition remains precarious, intensified by recent production issues and a declining stock price.
Source: YAHOO
Reported 21 days ago
Accenture has announced a delay of six months for most staff promotions, causing a decline in its shares. This news comes amidst ongoing challenges in the professional services sector, as discussed by Market Domination hosts who delve deeper into the implications of this decision.
Source: YAHOO
Reported 21 days ago
JPMorgan is in discussions to become the new issuer for Apple's credit card, according to reports. This potential partnership could significantly impact Apple's services business, as analysts speculate on the implications for both companies. The news was shared during a segment on Market Domination, highlighting further expert insights into the market.
Source: YAHOO
Reported 21 days ago
Federal Reserve Chair Jerome Powell's recent comments highlight the economic implications of immigration in Springfield, Ohio, which has welcomed around 15,000 Haitian refugees. During a Senate hearing prompted by Senator JD Vance, Powell acknowledged the strain on local resources, particularly in housing and healthcare, while expressing skepticism about broad claims linking immigration to inflation. With the 2024 campaign's increasing anti-immigrant rhetoric overshadowing these economic discussions, Powell is expected to navigate carefully during upcoming Fed meetings.
Source: YAHOO
Reported 21 days ago
The Biden administration plans to purchase up to 6 million barrels of oil for the Strategic Petroleum Reserve, aiming to replenish stocks after a significant sale in 2022. This acquisition, announced to come as early as Wednesday, will allow the U.S. to take advantage of current low crude prices, which are below the targeted $79.99 per barrel for buybacks. The oil is set for delivery in early 2025 to a Louisiana site, with the reserve currently holding 380 million barrels of oil.
Source: YAHOO
Reported 21 days ago
A recent survey by HSBC revealed that 42% of business leaders hesitate to make decisions due to uncertainty. Racquel Oden, HSBC's US head of wealth and personal banking, discussed strategies for overcoming this paralysis in decision-making, noting that fear of failure often inhibits risk-taking and innovation. She emphasized reframing failure as an opportunity to foster a more proactive approach to decision-making.
Source: YAHOO