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Tesla Cybertruck workers begin 3-day furlough, signaling demand slowdown

Tesla’s Cybertruck may be hitting a demand rut.

Yahoo Finance 10 hours ago

Job openings rise more than expected in October

Job openings rebounded in October as investors continued to debate how rapidly the US labor market is cooling to end 2024.

Why these 2 billionaire-led crypto plays stand out as buys: Analyst

Why two names in crypto standout as buys.

BlackRock acquires HPS for $12 billion, taking it deeper into private credit

BlackRock agreed to make a $12 billion acquisition that will take it deeper into the hottest trade on Wall Street.

Pat Gelsinger and Carlos Tavares had the same big problem: Morning Brief

So far, 2024 is pacing to have a record number of CEOs out of a job. This week, two big ones — from Intel and Stellantis — illustrated a key point: It's hard to keep your job when your stock is down big.

US economy poised for 'solid' growth in 2025 because America 'doesn't import recessions': BofA

The US economy is on solid footing. Bank of America expects it to stay that way through next year.

04:04

Why there's 'cautious optimism in the air' for the labor market

The labor market is focus with fresh economic data set to be released later this week. ZipRecruiter chief economist Julia Pollak joins Josh Lipton on Asking for a Trend to check in on the labor market. "We have actually seen quite a rebound both in job seeker sentiment and in the sentiment among newly hired workers in just the last month. So, there is definitely cautious optimism in the air," Pollak says, crediting this positive sentiment shift to avoiding a recession, a less significant slowdown in the labor market, and positive growth in the stock market. "There is an anticipation among employers and among job seekers that we might see those gains [seen in the stock market] in the labor market, too, and not just in a couple of places, but that the whole labor market might get a lift." The economist says "The most important labor market trend at the moment is how narrowly distributed the job gains are." She explains, "More than 100% of the job gains in the last quarter came from just four sectors that are less than half of the workers in America. The other half of the labor market was flat or negative. And that is why there are still so many job seekers who are struggling, especially among white collar, new grads, and people looking for entry-level jobs." Watch the video above for more from Pollak about wage growth and her expectations for the November jobs report. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan.

Stock market today: S&P 500, Nasdaq close at record highs as tech surges to kick off December

Investors are looking ahead to a week of labor data that could influence the scope of interest rate cuts.

3 things the next Stellantis CEO will need to fix

The Stellantis 2024 roller coaster hit a new low with CEO Carlos Tavares’s abrupt resignation. Here are three areas a new CEO must address to right the ship at Stellantis.

02:28

Why Trump is targeting Mexico, Canada, and China

On his first day in office, President-elect Donald says he plans to impose new tariffs on the country’s largest trading partners. The proposal includes a 25% tariff on all goods imported from Mexico and Canada, along with an additional 10% duty on Chinese imports. Trump argues that these tariffs will help combat illegal immigration and the flow of drugs into the country. In this week’s episode of Capitol Gains, anchor Akiko Fujita, Washington Correspondent Ben Werschkul, and Senior Columnist Rick Newman discuss why Trump is targeting Mexico, Canada, and China with his new proposal of tariffs. “Trump wants some leverage,” said Newman. “He's going where the money is. Those three countries are the top three sources of imports to the United States.” Newman also suggests that one reason Trump’s tariff plan may face little pushback is that many voters don’t fully understand how tariffs work. “I'm just really intrigued that voters don't seem to care that much that Trump wants to basically raise the cost of goods they buy every day,” Newman said. According to a recent Morning Consult poll, only 25% of voters correctly defined a tariff as a fee a US company pays to the US government to import a product. “Sixty percent thought that either the foreign government or the foreign company importing the product pays the tariff, and 15% said they didn't know," Newman added. Watch more episodes of Capitol Gains here. Capitol Gains is Yahoo Finance’s unique look at how US government policy will impact your bottom line long after the Presidential election polls have closed. This post was written by Shelby Boamah.

07:52

Intel CEO's sudden retirement likely tied to foundry split: Analyst

Intel (INTC) CEO Pat Gelsinger has retired, effective Dec. 1, the company announced on Monday. The company's stock was trading higher following the news but has roughly halved in value year-to-date. Intel named CFO David Zinsner and Intel Products CEO Michelle Johnston interim co-CEOs, but they are working to find Gelsinger's permanent replacement. The Futurum Group research director for semiconductors, EVs, and autos, Olivier Blanchard joins Catalysts Hosts Seana Smith and Madison Mills to discuss the news and what it means for Intel and investors going forward. Blanchard says Gelsinger's retirement is "big" and "sudden" news, that "I don't think anybody really saw that coming." He adds, "I'm not sure that Intel's communications so far on this have been as clear as it could have been. But at the very least, you have two interim CEOs right now that are very competent. I think that the very first step, though, is going to be to find the next CEO, the next leader of Intel, and put it on the right path to recovery and growth." The analyst says, "For Pat, I think it was a bit of a passion project and not just being the CEO of a company, but seeing it through ... So for him to exit this suddenly I feel that there must have been some differences in opinions about where the company needed to go and how. And that probably had something to do with the business having some members of the board wanting to split the business between foundry and design." "Whatever precipitated Pat's exit must have had something to do with the speed at which Intel was making its turn right into AI. And so starting from scratch with a brand new CEO who hasn't had a lot of experience with Intel specifically might not yield that velocity that some of the board members who might be inclined to look for velocity are looking for." Blanchard adds Intel's recent declines could be a buying opportunity since "the fundamentals of Intel are strong as a business and, I think, that its prospects are still very positive. And a company like Intel is often, I think, not just misunderstood but I think people sleep on Intel just because it's been a little bit late to the game with a few things, and it's had a few misses. But it's an extremely strong, extremely resilient and extremely embedded company in so many different really high growth verticals." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.