Yahoo News

President Biden and former President Donald Trump each notched a string of resounding victories on Super Tuesday that brought them even closer to a 2024 rematch of their fierce battle in 2020 for the White House. Biden notched early wins in Iowa, North Carolina, Virginia, Vermont, Tennessee, Oklahoma, Massachusetts, Maine, Arkansas, Alabama and Texas according to the Associated Press, while former President Donald Trump scored victories over former South Carolina Governor Nikki Haley in… Source link

(Bloomberg) — Stocks came under pressure as a trio of tech heavyweights fell, with traders wading through mixed economic data in the run-up to Jerome Powell’s testimony to Congress. Most Read from Bloomberg Equities lost traction after a rally that has spurred concern about sky-high valuations — especially in megacaps, leaving the group vulnerable to big moves in the face of bad news. Apple Inc.’s iPhone woes in China deepened while Advanced Micro Devices Inc. hit a US roadblock in… Source link

Target (TGT) is aiming to hit more bull’s-eyes in 2024 after a series of challenges last year. “We’ll be talking about our roadmap for growth, getting Target back to being a growth company, from a comparable sales standpoint, from a traffic standpoint, and from a [market] share standpoint,” Target chairman and CEO Brian Cornell told Yahoo Finance ahead of a closely watched investor day in New York City on Tuesday. Cornell says Target will spend 2024 opening new stores, remodeling existing… Source link

Bitcoin (BTC-USD) reached an all-time high Tuesday before falling back as some investors locked in their winnings. A new frenzy surrounding the world’s largest cryptocurrency pushed the price to to $68,869, exceeding the previous high of $68,789 established on Nov. 10, 2021. Then it tumbled below the $60,000 level again in a matter of hours. The new high reinforced a remarkable comeback for bitcoin following a 2022 crash that created huge losses for investors and triggered the downfall of… Source link

US stocks dropped on Tuesday, pulling further away from record highs as uncertainty over interest rate cuts and a shakeup in “Magnificent 7” stocks brought a note of wariness to the market. Contracts on the tech-heavy Nasdaq Composite (^IXIC) led the declines, sinking about 1.8% as a retreat in Apple (AAPL) and Tesla (TSLA) continued to drag on stocks more widely. Apple came under pressure after a report that iPhone sales fell 24% in China, adding to Monday’s loss in the wake of a $2 billion Source link

Gold hit new highs on Tuesday as investors continue to bet that major central banks will start cutting interest rates this year. On Tuesday morning gold futures (GC=F) reached a high of $2,150.50 after April contracts settled at a record $2,126.30 per ounce in the prior session. Tuesday’s intraday spot gold touched a record of $2,141.79 per ounce before paring back gains. The precious metal is considered a safe haven during times of geopolitical tensions and when interest rates decrease. While… Source link

With today’s inflated car prices and limited inventory, Americans are more apt to hold on to their cars longer and even drive them into the ground if necessary. Learn How: These 10 Cars Could Drain Your Savings Through Constant RepairsFind Out: Pocket an Extra $400 a Month With This Simple Hack If you’re wondering which vehicles are worth your hard-earned money, and if dependability and longevity are high priorities when you’re thinking of buying, it’s a good idea to see which cars… Source link

Your definition of fantasy baseball sleeper might vary, but the following list contains undervalued players when compared to ADP. Holliday was the No. 1 pick in the 2022 draft and is coming off a strong season across the minors. He posted a .396 OBP with impressive plate discipline as a 19-year-old in Triple-A, and projection systems call for the rookie to be an above-average hitter right away. Holliday has 15/15 potential yet is available 200+ picks into Yahoo drafts. Crawford posted a 3.96… Source link

Shares of Target (TGT) are trading higher on Tuesday as the company posted its fourth quarter earnings, easily beating Wall Street expectations on both the top and bottom lines. The company also revealed adjusted net earnings jumped 57.8% year over year to $1.38 billion. Target COO and CFO Michael Fiddelke joins the Live show alongside Yahoo Finance Executive Editor Brian Sozzi to discuss Target’s performance and how the company has organized its business model and inventories for better… Source link

The S&P 500 (^GSPC) opened lower on Tuesday thanks to a decline in tech stocks and concerns about when the Federal Reserve will start cutting rates. It’s a different story for bitcoin (BTC-USD), however, with the cryptocurrency notching a new all-time high. Alibaba (BABA) shares are on the move. The Chinese internet giant is one of the companies investing in Chinese AI startup MiniMax, according to a report from Bloomberg. Stitch Fix (SFIX) shares are trading lower after posting a… Source link