Yahoo Finance Arm Stock Slips Despite Earnings Beat. Investors Wanted More.
The chip design firm said its revenue jumped 21% from a year ago, but the stock has already soared since last year’s IPO.
The chip design firm said its revenue jumped 21% from a year ago, but the stock has already soared since last year’s IPO.
The Under Armour meltdown continues.
Analysts see Nvidia's earnings per share soaring 474% to $5.22, with revenue up 241% to $24.5 billion.
The price of gold hit a record high Monday as the shock death of Iranian President Ebrahim Raisi in a helicopter crash boosted support for the precious metal seen as a haven investment."Gold and copper have hit record highs, (and) silver jumped to an 11-year high... after the death of Iran's president in a helicopter crash," noted Neil Wilson, chief market analyst at Finalto trading group.
Over the past few years, Michael Burry has gained more media attention with his recession warnings and market crash “predictions” than he did for accurately foreseeing the 2008 financial crisis. But his persistent warnings about recession and market crashes never realized, denting his reputation as an expert and hedge fund manager. Were Michael Burry’s Recession […]
Gold prices rose to an all-time high on Monday as a cocktail of factors from U.S. rate cut expectations, China's stimulus measures to geopolitical tensions lifted demand, with the momentum also carrying silver to a more than 11-year peak. Spot gold rose 0.4% to $2,424.30 per ounce as of 1529 GMT after hitting a record high of $2,449.89 earlier in the session. Data last week showed that U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend, boosting expectations for a September interest rate cut.
Broadly speaking, the global backdrop for Asian markets is still bright, with investors confident that the Fed will soon cut U.S. interest rates keeping the dollar, bond yields and volatility in check, and boosting risk assets. But there's a cloud that shows no sign of lifting: China. The economic "data dump" from Beijing on Friday showed that China's recovery is sputtering - investment growth slowed, retail sales expanded at the slowest pace since late 2022, and new home prices fell at the fastest rate in nine years.
A crucial earnings report from AI leader Nvidia greets a stock market that hit new records last week.
Consumers still have some control where their money goes.
Why did Roaring Kitty return, and what — if anything — does it mean for the future of GameStop’s stock prices?
BABA, ASGN and BGS have been added to the Zacks Rank #5 (Strong Sell) List on May 20, 2024.
U.S. inflation data through the first months of 2024 has been "disappointing," Fed vice chair for supervision Michael Barr said on Monday, leaving the central bank short of the evidence it needs to ease monetary policy. "We will need to allow our restrictive policy some further time to continue its work," Barr said, reinforcing the Fed's overarching message that rate cuts, highly anticipated by markets, are on hold until it is clear inflation will return to the Fed's 2% target.
NEW YORK (Reuters) -The dollar was firm against the euro on Monday as investors awaited further clues to help them figure out the path of U.S. interest rates in the wake of cautious comments from Federal Reserve officials, even as inflation showed signs of cooling. Atlanta Fed President Raphael Bostic said on Monday it will take a while for the U.S. central bank to be confident that inflation is on track back to the central bank's 2% goal. Besides Bostic, several other Fed speakers are due to speak on Monday and later in the week.
NEW YORK (Reuters) -U.S. stocks followed the example of their European counterparts, gaining ground on Monday while gold and copper touched all-time highs powered by investor optimism over cooling inflation and easing central bank policy. All three major U.S. stock indexes were green, led by the tech-heavy Nasdaq. Commentary from U.S. Federal Reserve officials has reflected the central bank's cautious stance regarding its progress toward reining in inflation and the timing of interest rate cuts.
Luxury watch prices are moderating on the secondary market, but retailers like Watches of Switzerland see demand continuing to outpace supply.
Yukon Cornelius, the self-proclaimed greatest prospector from the north in the TV movie Rudolph the Red-Nosed Reindeer, would be thrilled to learn that this year’s bull run in gold shows no signs of slowing down. Other precious metals such as silver stand to gain too, for many of the same reasons. Gold tends to do well during times of dollar weakness.
Retirement comes with many expenses, including healthcare, long-term care, housing, food, transportation and entertainment -- to name a few. As someone in the middle class, if your goal is to maintain...
NEW YORK (Reuters) -Oil prices were stable on Monday as the market awaited further clues on the likely path of U.S. interest rates in the wake of cautious comments from U.S. Federal Reserve officials, even as inflation shows signs of cooling. Brent futures fell 2 cents to $83.96 a barrel by 11:10 a.m. EDT (1510 GMT), while U.S. West Texas Intermediate (WTI) crude rose 5 cents, or 0.1%, to $80.11. U.S. inflation data through the first months of 2024 has been disappointing, the Fed's vice-chair for supervision, Michael Barr said, leaving the central bank short of the evidence it needs to ease monetary policy.
As of May 2024, the Hong Kong market has shown resilience with the Hang Seng Index gaining 3.11%, reflecting a positive sentiment among investors despite broader global economic uncertainties. This backdrop creates an interesting scenario for dividend-seeking investors, as stable, high-yield stocks could be particularly appealing in such an environment where steady returns are prized amidst fluctuating markets.
LVMH founder Bernard Arnault remains at the top of the heap.
As of May 2024, the US stock market has shown robust performance with major indices nearing record highs, buoyed by optimistic economic indicators such as a cooling April CPI report which has fueled hopes for potential Federal Reserve interest rate cuts. In this context of economic optimism and potential shifts in monetary policy, dividend stocks may offer investors a blend of income generation and stability.