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  • Yahoo Finance is tracking the stocks you’re following, based on your Yahoo Finance ticker searches.

    Valeant Pharmaceuticals (VRX) — Morgan Stanley (MS) upgraded Valeant Pharmaceuticals to overweight and raised its price target to $42 per share from $33. The investment firm says improved operating income and a lower debt load can help boost shares.

    Lumber Liquidators (LL) — A California court ruled in favor of Lumber Liquidators on claims it did not warn consumers that some of its flooring products used cancer-causing formaldehyde. The plaintiffs, Global Community Monitor and Sunshine Park, will pay Lumber Liquidators $100,000 for reimbursement costs incurred defending the lawsuit.

    Urban Outfitters (URBN) — The retailer reported better-than-expected earnings and sales. Urban Outfitters posted adjusted earnings per share of 66 cents on revenue of $890.6 million. Wall Street was expecting adjusted EPS of 55 cents and revenue of $885.6 million.

    Lowe’s (LOW) — The company lowered its

    Read More »from Valeant Pharmaceuticals upgrade; Lumber Liquidators wins ruling; Urban Outfitters soars
  • Kate Hudson's Fabletics profits off the athleisure craze

    Just a few years ago, it was almost unheard of to wear sneakers, yoga pants or stretchy T-shirts in the workplace. That’s all changed, though. These days, people sport so-called athleisure wear in casual workplaces all the time.

    The rise of athleisure is bucking the downward trend in retail and changing the landscape of the industry. Americans spent nearly $44 billion on active wear in 2015, up 16% from the previous year. In fact, the category has become so popular that the term “athleisure” has been added to the Merriam-Webster Dictionary.

    And the category’s rapid growth has piqued the interest of high-end and low-end retailers nationwide. Big, well-established names like Gap (GPS), Tory Burch, Lululemon (LULU) and H&M are looking to cash in on the athleisure craze, as are relatively new brands like Fabletics and IVY PARK.

    Adam Goldenberg of Fabletics, an active-wear line co-founded by actress Kate Hudson, told Yahoo Finance’s Seana Smith in the video above that the movement to be

    Read More »from Kate Hudson's Fabletics profits off the athleisure craze
  • 6 horrible moments from 2016’s summer of travel

    Is it just us, or has this summer been particularly difficult for travelers?

    Sure, the price of fuel is down and airline tickets are cheaper, but the actual “getting there” part has been wrought with danger, setbacks and startling discomfort. It seems like we can’t go more than a few days without hearing a shocking story about crazy turbulence, power outages or the constant newsmaker — Zika. Going on a vacation is supposed to be fun, but given all the news of inconveniences and mishaps, travelers might do better staying home.

    Here are a few travel lowlights from the summer so far:

    Passengers injured by extreme turbulence

    Turbulence is always a risk of flying, it’s part of the territory. But passengers aboard a JetBlue flight got the scare of their lives when their plane suddenly plummeted out of the sky. According to the Boston Globe, everything was normal when JetBlue Flight 429 left Boston on Aug. 12, but halfway through the flight to Sacramento, the plane made a sudden drop. “People

    Read More »from 6 horrible moments from 2016’s summer of travel
  • Here are some of the stocks the Yahoo Finance team will be tracking for you today.

    Target (TGT) shares fell in early trading. The discount department store chain lowered its profit forecast for the year after posting a sales decline at existing stores for the second quarter. Overall revenue fell 7% coming in roughly in line with estimates, while earnings topped expectations.

    Lowe’s (LOW) stock also took a hit this morning. The home improvement retailer cut its outlook for the year after reporting a miss on both its top and bottom lines for the second quarter due to weaker same-store sales growth. This comes after larger rival Home Depot reported strong quarterly results yesterday.

    Urban Outfitters (URBN) is closing in on a 52-week high in early trading after the apparel retailer behind brands such as Anthropologie and Free People delivered better than expected second-quarter earnings and revenue as the company’s profit jumped 10% from a year ago thanks to a rise in sales and fewer

    Read More »from Target, Lowe's same-store sales growth disappoints, Cisco may be planning massive job cuts
  • Searching for clues in Fed minutes

    Wall Street is treading carefully. Stocks (^DJI^GSPC^IXIC) are mixed in early trading as investors wait to see what the Fed minutes could reveal about the central bank’s debate about the timing of the next interest rate hike.

    Target (TGT) shares fell in early trading. The discount department store chain lowered its profit forecast for the year after posting a sales decline at existing stores for the second quarter. Overall revenue fell 7% coming in roughly in line with estimates, while earnings topped expectations.

    Lowe’s (LOW) stock also took a hit this morning. The home improvement retailer cut its outlook for the year after reporting a miss on both its top and bottom lines for the second quarter due to weaker same-store sales growth. This comes after larger rival Home Depot reported strong quarterly results Tuesday.

    Urban Outfitters (URBN) is closing in on a 52-week high in early trading after the apparel retailer behind brands such as Anthropologie and Free People delivered

    Read More »from Searching for clues in Fed minutes
  • Hugh Hefner’s Playboy Mansion sold for $100 million

    The Playboy Mansion has officially been sold for $100 million – but former owner Hugh Hefner, 90, can live there for the remainder of his life.

    Under the terms of the deal – signed provisionally by both sides and announced in June – Playboy will pay the famed mansion’s new owner $1m a year for upkeep.

    A view of the Playboy Mansion in Los Angeles, California, U.S. February 10, 2011.   REUTERS/Fred Prouser/File PhotoA view of the Playboy Mansion in Los Angeles, California, U.S. February 10, 2011. REUTERS/Fred Prouser/File Photo

    The Holmby Hills estate – owned by Playboy Enterprises – was bought by businessman Daren Metropoulos, who lives next door to the property, and plans to reconnect the five-acre estate to his own home in the future. 

    The Playboy founder bought the 21,987-square-foot mansion for $1.05m in 1971, but put the estate on the market for $200m – double the final sale price, so Daren, whose father is billionaire C. Dean Metropoulos, scored a bargain. 

    Hugh Hefner’s Playboy Mansion Sold For $100 MillionHugh Hefner’s Playboy Mansion Sold For $100 Million

    The sprawling property comes complete with 29 rooms, including 12 bedrooms, and a cinema, tennis courts, waterfall, swimming pool and extensive wine cellar; it also houses the Playboy Magazine HQ in a separate wing.

    Upon final sale, Metropoulos said

    Read More »from Hugh Hefner’s Playboy Mansion sold for $100 million
  • Ford wants your cabdriver to be a robot

    Ford wants to replace your Uber driver with a robot. The automaker announced Tuesday its plans to put its own high-volume, self-driving cars on the road in just five years.

    The company made its announcement during a live video stream, with CEO Mark Fields declaring that the company is “dedicated to putting on the road an autonomous vehicle that can improve safety and solve social and environmental challenges for millions of people — not just those who can afford luxury vehicles.”

    Ford’s plans call for the company’s autonomous vehicles to hit the road by 2021 and be used in conjunction with ride-sharing services such as Uber and Lyft. As it stands, it would make sense for Ford to work with Uber, as the company is already testing Ford’s existing autonomous vehicles, while Lyft is working with GM.

    Read More: Self-Driving Cars Are Coming Soon to a Highway Near You 

    Ford specifically says its vehicles will be rated SAE level 4 on the Society for Automotive Engineers International autonomous

    Read More »from Ford wants your cabdriver to be a robot
  • Stocks ease back from record highs despite oil's climb

    Stocks (^DJI^GSPC^IXIC) are easing back from all-time highs. Is this just a short breather, or are traders growing wary of the recent rally?

    Catch The Final Round at 4 p.m. with Jen Rogers and columnist Rick Newman.

    Winners and losers

    Stocks on the move lower today include defense name Lockheed Martin on its spinoff of division to Leidos holdings, oil and gas company Concho Resources on a new share offering, and Hain Celestial — shares of the organic food maker tumbling after it announced a deal in its annual report due to an accounting issue. Hain also said it would miss prior profit and revenue targets for the just-ended fiscal year.

    Stocks on the move higher include Dick’s Sporting Goods as it beat on earnings and raised its full-year profit guidance, industrial gas supplier Praxair on reports it’s in talks to buy German rival Linde, and Morgan Stanley — shares of the investment bank rising after activist hedge fund ValueAct disclosed a 2% stake in Morgan Stanley, worth $1.1

    Read More »from Stocks ease back from record highs despite oil's climb
  • Brooks Running is leading the charge against a controversial Olympics rule

    On Sunday night at the Rio Olympics, in the 100-meter track final, “The man, the myth, the running legend lived up to his name that we dare not mention.” That’s according to a summary of the action by the @rule40 Twitter account.

    The summary is referring to Jamaican runner Usain Bolt, of course. But the account is showing faux deference to Rule 40, the US Olympic Committee’s restrictions against brands that are not official Olympics sponsors. While the account can be humorous, its overall tone is quite serious: non-official sponsors are angry about the rule, and are fighting back.

    Who’s behind the account? The Berkshire Hathaway-owned sneaker company Brooks Running, based in Seattle, which sponsors 12 athletes competing at this year’s Olympics. Brooks CEO Jim Weber says Rule 40 must change.

    In addition to the @rule40 Twitter handle, Brooks owns the rule40.com domain name, and is using both to

    Read More »from Brooks Running is leading the charge against a controversial Olympics rule
  • Consumer spending hinges on Thursday's Walmart earnings: trader

    By Alan Valdes, director of floor operations at Silverbear

    Well, here we are. Earning season is about done—four weeks left ’til the official end of summer, Labor day. Volume is a trickle of what it should be on an average day. And, why not? Vacations should be the only thing on traders’ minds.

    Most trading desks usually have the second-string guys manning the phones this time of year. Therefore, the markets should be dead in the water, right? Wrong! For the second time in a week, all three indices (the DOW, S&P and NASAQ) closed at all-time highs.

    Last week jobs numbers showed us that 151 million Americans are working (121 million full-time). Never in the history of our country have so many people been employed. Inflation numbers—out today—show price inflation remains tepid.

    Energy stocks have taken it on the chin this summer with a glut around the world. OPEC is talking about cutting production (though, it will probably be just that: “talk”). Consumers have benefited from this glut

    Read More »from Consumer spending hinges on Thursday's Walmart earnings: trader
  • An RV that looks ready to withstand Armageddon

    Read More »from An RV that looks ready to withstand Armageddon
  • Dan Carley’s tragic tumble from lottery winner to convicted cocaine trafficker caught the attention of Canadians across the country last week.  

    10 years ago, the now 35-year-old from St. Catharines, Ont., won $5 million at the tender of 24.

    And his life quickly spiraled out of control.

    He told The Toronto Star that he was soon “drinking every single day, partying every single day, doing coke.”

    Carley estimated that over the next nine years more the one-fifth of his winnings went towards feeding his habits for cocaine, oxycodone and heroine. 

    He was sentenced to serve two-and-a-half years for cocaine trafficking earlier this month.

    But Carley isn’t the only lottery winner with a tragic tale of riches to rags.

    About 70 per cent of people who unexpectedly receive an influx of cash will be broke within seven years, according to the National Endowment for Financial Education.

    Here’s a look at others who lucked out but lost it all.

    Michael Carroll

    The Brit won a US$15-million jackpot in

    Read More »from Ten lottery winners who lost it all
  • Nearly 20% of employers are firing workers due to health care: NY Fed

    Stocks (^DJI^GSPC^IXIC) are under pressure at the midday mark, with utilities (XLU) leading the way down, with financials (XLF) and consumer discretionary (XLY) the least in the red. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.

    To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman and Thomson Reuters correspondent Bobbi Rebell, author of “How to be a Financial Grownup.”

    Google releases the ‘Duo’
    Your next video chat may be on a Google App. The app is called “Duo”. Google says it’ll be a much simpler and reliable form of video chatting. We already have Apple’s FaceTime and Microsoft’s Skype, is Google too late to the game at this point?

    Rise in health care costs: study
    Some chilling assessments are out on the Affordable Care Act. Health care costs went up 8.5% this year and may rise by ten percent more next year, this is according to the Federal Reserve Bank of New York.

    Read More »from Nearly 20% of employers are firing workers due to health care: NY Fed
  • Hedge fund giants have cut their bets on gold

    gold
    (Image: Wikimedia Commons)

    A number of big-name hedge fund managers have cut back their bets on gold during the second quarter.

    Prominent hedge fund manager Stanley Druckenmiller, who now runs Duquesne Capital as a family-office hedge fund, closed his entire position in the SPDR Gold Trust ETF (GLD), which had been his fund’s biggest allocation.

    Druckenmiller, who bought GLD in the form of call options in the third quarter of 2015, has been critical about the efficacy of central bank policy. Eight years after the financial crisis, interest rates are at or near zero, and in some parts of the world they’re negative yielding.

    Speaking at the Sohn Conference in May, Druckenmiller hinted at owning gold without giving any explicit recommendations.

    Shares of the SPDR Gold ETF have risen 26% in 2016.

    Stanley Druckenmiller closed his position on the SPDR Gold ETF, which had been his fund's largest allocation.
    Stanley Druckenmiller closed his position on GLD, which had been his fund’s largest allocation.

    Druckenmiller still owns just over 1.82 million shares of Barrick Gold (ABX), a position he opened in

    Read More »from Hedge fund giants have cut their bets on gold
  • Yahoo Finance is tracking the stocks you’re following, based on your Yahoo Finance ticker searches.

    JPMorgan (JPM) — Bernstein analyst John McDonald has downgraded JPMorgan to market perform from outperform, citing valuation and credit concerns.

    Ford (F) — The US auto giant revealed it is doubling the size of its presence in Silicon Valley over the next 16 months and has invested $75 million in Velodyne, a developer and manufacturer of light detection and ranging sensors needed for self-driving cars.

    Dick’s Sporting Goods (DKS) — The sporting goods retailer reported a stronger than expected rise in same-store sales in the second quarter and lifted its earnings forecast for the year. Sales at existing stores increased 2.8% in the July period. The company forecasted same-store sales to drop between 1% and 4%.

    MGM Resorts (MGM) — The company has increased its stake in MGM China, acquiring 188.1 million shares of the subsidiary. MGM now holds approximately 56% of MGM China’s outstanding

    Read More »from JPMorgan downgrade; Ford bets on self-driving cars; Dick's Sporting Goods soars

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