Latest Blogposts

  • Kanye West announced that he would be running for president in 2020 after an 11-minute speech during MTV’s Video Music Awards. During the speech West also insinuated that he was high on marijuana.

    Only time will tell whether West was serious about his presidential ambitions, but in the meantime the first political action committee has been formed in his name. "Ready for Kanye" was registered with the Federal Election Commission just a few hours after West’s announcement by Eugene Craig, a young republican from Maryland.

    Craig, who is currently the 3rd vice-chair of the Maryland Republican Party and the president of the Young Minority Republican Fund, supports Rand Paul for 2016 but will support West in 2020 if there isn’t already a republican in the White House.

    West has openly supported President Barack Obama and asked his fans to vote Democrat. Kim Kardashian, West’s wife has been vocal in her support for Hillary Clinton. Still, Craig believes that West’s ideals put him firmly on the

    Read More »from Meet the 24-year old who could get Kanye West elected
  • Want an Egg McMuffin for lunch? If a pilot program being tested at McDonald’s works out, that may become an option. WSJ’s Ilan Brat explains on MoneyBeat. Photo: Getty (Originally published March 31, 2015)Want an Egg McMuffin for lunch? If a pilot program being tested at McDonald’s works out, that may become an option. WSJ’s Ilan Brat explains on MoneyBeat. Photo: Getty (Originally published March 31, 2015)

    Starting Oct. 6, you'll be able to order an Egg McMuffin or Hotcake Platter any time you want.

    McDonald's (MCD), which has long been under pressure to extend its breakfast hours, has finally succumbed and said Tuesday that it would start selling breakfast all day at its more than 14,300 U.S. stores. The world's biggest burger chain quickly began tweeting the news to its followers who had been pushing for the change with a series of GIFs.

    McDonald's has been testing all-day breakfast in select markets since March. Franchisees approved the change in a vote last week, The Wall Street Journal first reported.

    The company later

    Read More »from McDonald's is finally rolling out all-day breakfast
  • Have You Seen the Duck Vine? You Should Really See the Duck Vine.

    America this morning is no doubt busy at work clicking through all the six-second recaps from Sunday night’s sooo Vineable MTV Video Music Awards.

    But trust us, no matter how great the looping vids of the Nicki-Miley beef or Kanye’s presidential announcement are, neither of those was the best Vine of the weekend.

    This was:

    In fact, the “duck army” Vine is the best piece of media the Internet has produced in the entire month of August — and probably the summer/the year/our lifetimes.

    In just under a day of existence, this thing has over 38 million loops (most coming from Yahoo Tech employees, sure). At this rate, “duck army” will probably be the most looped Vine ever by Monday afternoon. (Vine doesn’t make it easy to identify what the current most looped Vine is, but a May 2015 post by Logan Paul has been played over 40 million times.)

    As for MTV’s dashed hopes of taking its VMA Vines to a level of historic virality: Kanye, we’re happy for you. And good luck in 2020. But “duck army” is

    Read More »from Have You Seen the Duck Vine? You Should Really See the Duck Vine.
  • Stocks, oil tank again on new China fears

    New month, same volatility. The stock market roller coaster ride continues on the first day of trading in September. Yahoo Finance is live from the New York Stock Exchange for the closing bell. We'll break down just what is going on and what investors need to know going forward.

  • The kids may dread it but for retailers, particularly teen apparel chains, back-to-school is one of the most important times of the year.

    For the three giants of teen retail Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO), and Aeropostale (ARO) – and their investors – this season could be crucial. While American Eagle Outfitters is up 22% year-to-date, Abercrombie & Fitch and Aeropostale have suffered, dropping 30% and 54%, respectively.

    However, this year will be a little different. Not only is the 2015 school year starting later than usual but technology has also transformed the traditional back-to-school season, notes Stephens retail analyst Rick Patel.

    “What’s changed is that technology has really come to the forefront when it comes to the shopping experience,” he said. “We’ve seen the word ‘ominchannel’ being thrown around a lot by these retailers. What it basically means is that the teen is increasingly relying on shopping online for their back-to-school needs.”

    Read More »from Why back-to-school is different this year
  • The Wall Street bronze Bull looks out to an empty Broadway in Lower Manhattan. STAN HONDA/AFP/Getty Images)The Wall Street bronze Bull looks out to an empty Broadway in Lower Manhattan. STAN HONDA/AFP/Getty Images)Is a new reality dawning on Wall Street? Some major financial institutions are now cutting their once bullish market forecasts after August’s steep drop. Morgan Stanley (MS) dropped its S&P 500 (^GSPC) target today, citing slowing growth and a looming Fed rate hike. This followed a similar cut by Credit Suisse (CS) last week, which trimmed its year end S&P 500 forecast to 2,100.

    As the bears rise from their slumber at the big banks, Kathy Boyle of Chapin Hill Advisors believes their roars will start getting louder. “I think [Wall Street banks are] going to have to continue to lower their sights down unfortunately,” she says in the attached video. “Wall Street is a distribution mechanism - they make the most money from their investment banking side, where they create products basically whether they’re mutual funds or ETFs… So you're never paid to be bearish on Wall Street.”

    Get the Latest Market Data and News with the Yahoo Finance App

    However, when as she says the “horse is out of the

    Read More »from Bears on parade: Wall Street market downgrades just beginning
  • U.S. stocks kicked off September with heavy losses on the heels of the worst month for Wall Street since 2012 amid mounting concerns over the strength of the global economy.

    The Dow Jones Industrial Average (^DJI) dropped 469.7 points, or 2.8%, to 16058.3, the S&P 500 (^GSPC) fell 58.3 points, or 3.8%, to 1913.8 and the Nasdaq Composite (^IXIC) tumbled 140.4 points, or 2.9%, to 4636.1.

    The broad S&P 500 tumbled 6.26% in August, its worst month since May 2012. The rout erased some $5 trillion in global equity market value as traders ditched stocks.

    On Tuesday, traders cited swelling anxiety over the state of two of the world's biggest economies as reasons for steep losses.

    The Institute for Supply Management's manufacturing PMI dropped to 51.1 in August from 52.7 the month prior, compared to expectations of a much shallower drop to 52.6. The reading indicates U.S. factory growth slowed down in August to the lowest level since August 2013.

    Michael Montgomery, U.S. economist at IHS Global

    Read More »from Dow plunges 470 points as oil sinks 8% in grim September debut
  • Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

    Exxon Mobil & Chevron

    Exxon Mobil (XOM) led the blue chips lower. Oil giants Exxon and Chevron (CVX) are the Dow Jones Industrial's worst performers as they declined with oil prices resuming their fall. Investors took profits after crude oil surged nearly 9% on Monday. 

    Dollar Tree

    Dollar Tree (DLTR) struggled to bounce off its lows. The discount retailer opened sharply lower after posting both revenue and same store sales that missed analyst estimates. Dollar Tree, however did beat earnings expectations at $0.67 a share. The company said despite the quarterly loss, it is starting to see positive effects from its merger with Family Dollar.

    Get the Latest Market Data and News with the Yahoo Finance App

    American Airlines & Delta

    Not even an upgrade was able lift American Airlines (AAL) from the market's correction. Deutsche Bank raised its rating for American Airlines

    Read More »from Exxon & Chevron slips on oil; American & Delta upgraded; Dollar Tree misses sales
  • The day that Steve Jobs prophesied back in 2010 in one of his most famous screeds is finally upon us -- the death of Adobe's (ADBE) Flash web format.

    Beloved by advertisers, hated by users, security experts and pretty much everyone else, Flash is still all too common, especially on media sites. One survey found 90% of all so-called rich media ads -- the ones with videos or other moving elements -- relied on Flash in the first quarter.

    But starting today, Google's (GOOGL) Chrome, the browser of choice for a majority of desktop users, will be effectively cutting off Flash advertising at the knees, ignoring those intrusive, battery-sucking, fan-spinning, auto-play videos and banners. (Now people will have to click on the ads to see them in Flash.)

    Google's move follows a similar anti-Flash play by Mozilla, the third-most-used browser, and Amazon's (AMZN) recent decision to ban Flash-based ads from its ad network. Microsoft (MSFT) and its No. 2 browser, Internet Explorer, have long had a

    Read More »from Google move signals the death of hated Flash advertising
  • With Emma Peters

    Sheldon Adelson, the casino magnate, is a self-made billionaire whose knack for business has helped him amass an enormous $28 billion fortune, according to Forbes. His winning percentage in politics, however, is far below his success rate in business.

    Adelson and his wife Miriam have become political megadonors, giving roughly $100 million to federal candidates and groups supporting them during the last two election cycles, including failed presidential candidate Newt Gingrich in 2012. Only 56% of the candidates backed by Adelson won during those two cycles. That’s slightly better than the odds of winning a coin toss, yet it’s far below the reelection rate for incumbents, which exceeds 90%. And the winning percentage of candidates backed by political-action committees Adelson gave money to was just 42%, the worst performance among the 10 biggest megadonors in politics today.

    Money has been flooding into politics during the last five years, an era in which corporate

    Read More »from Why rich political donors are wasting a lot of money
  • U.S. stocks are on the move again and not in a good way. If you had hoped last week was the end of volatility (for now) then you are having a rough day. All three major indices (^DJI, ^GSPC, ^IXIC) are down well over a percent and the Dow Jones Industrial Average in particular is back in correction territory. Check out the video above for all the latest.

    Get the Latest Market Data and News with the Yahoo Finance App

    If you need something to distract you from the market's moves, here are some of the other stories Yahoo Finance is keeping an eye on today.

    Trump's tax plan worries GOP
    Donald Trump is taking on tax reform, and his plan has already alarmed some conservative groups. The Donald has suggested raising taxes on hedge funds and corporations that don't act in the best interest of the U.S.

    Amazon work culture
    It's been a few weeks since the New York Times article on the inner workings of Amazon (AMZN) became national water cooler fodder. Now a study from the University of Calgary is

    Read More »from Markets sliding again, Trump's tax plan, and Amazon culture
  • Kanye West for President? Not so fast

    Sunday night’s MTV Music Video Awards were full of viral moments but the biggest surprise of the evening came from Kanye West. At the end of a six-minute long acceptance of the Video Vanguard Award, West insinuated that he had smoked marijuana before coming on stage and that he was planning to run for president in the 2020 U.S. election.

    A PAC, Ready for Kanye, has already been registered with the Federal Election Commission. The PAC's creator, Eugene Craig III, is the 3rd vice-chair of the Maryland Republican Party and the chair of the Young Minority Republican Fund. “If you look at [Kanye West’s] policy positions over the years, he’s anti-corporatist and pro-small business and pro-entrepreneurship. That sounds like a Republican to me,” he tells Yahoo Finance. “A party that welcomes Donald Trump would welcome Kanye West,” he says.

    Kanye has not identified with a particular party, but has endorsed President Obama in the past and asked his fans to vote for Democrats during the midterm

    Read More »from Kanye West for President? Not so fast
  • Here are some of the stocks the Yahoo Finance team will be watching for you today.

    Apple (AAPL) Various reports say the company is in talks with Hollywood executives about creating original programming. That would put Apple in direct competition with streaming services such as Netflix (NFLX) as well as more traditional pay-TV providers such as Time Warner's HBO (TWX). 

    Dollar Tree (DLTR)  The discount retailer had a very big miss in second quarter profit, while revenue also came in light. Dollar Tree says sales were driven largely because of the acquisition of Family Dollar stores...that deal closed in July. Dollar Tree sees sales in the current quarter and full year to be in the low single digits.

    Get the Latest Market Data and News with the Yahoo Finance App

    AstraZeneca (AZN) The drugmaker is selling the rights to its late-stage experimental psoriasis treatment to Canada's Valeant Pharmaceuticals (VRX) for what could be as much as $445 million.  Valeant jumped in after Amgen (AMGN)

    Read More »from Apple original content; Dollar Tree profit miss; Penn West cuts; Whirlpool bid
  • It looks to be a brutal start to the month of September as Wall Street is getting slammed by new concerns about the Chinese economy.  Stocks (^GSPC) heading deep into the red on two reports showing manufacturing weakness in China.

    Kathy Boyle, President of Chapin HIll Advisors, tells Yahoo Finance investors have been mesmorized by the long-running bull market...and now the situation may be unraveling right before their eyes.

    "People have gotten very apathetic," she argues. "They have gotten very used to a market that has gone straight up. Everybody's been taught to buy the dips, buy the dips...and it rips up after that."

    Get the Latest Market Data and News with the Yahoo Finance App

    Apple taking on Netflix?

    Here are some of the stocks the Yahoo Finance team will be watching for you today.

    Apple (AAPL) Various reports say the company is in talks with Hollywood executives about creating original programming. That would put Apple in direct competition with streaming services such as

    Read More »from Stocks slammed; Fed rate hike in limbo?; Hedge funds pounded
  • When the patient isn’t improving fast and the doctors are stumped, they order more tests.

    Even after bouncing hard off last week’s lows, the stock market has appeared unwell, with jumpy vital signs and acute sensitivity to new stimuli.

    The Dow Jones Industrial Average fell more than 300 points at the start of trading Tuesday to below 16,200, following following sharp declines overseas. Stocks in Asia and Europe falling more than 2% overnight. 

    The latest setback in global markets following a weak Chinese manufacturing report - with stocks in Asia and Europe losing more than 2% overnight - will surely stir up calls that the S&P 500 (^GSPC) needs to “retest” the recent lows, which sit some 5% below Monday’s closing quote.

    This is all from the standard the standard trading-desk playbook, which holds that true “V” bottoms are rare. Even though we pretty much got a flawless “V” last October, it’s more common to knock around the vicinity of market lows for a while to see if the lower

    Read More »from A sick market is set to be tested further

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