Yahoo News

GLASGOW — The world’s two largest coal producers cast a big shadow on Day 2 of the United Nations Climate Change Conference (COP26) as stated commitments from India and China fell well below that of climate action needed to keep global warming in line with the Paris Agreement. Speaking at the World Leaders Summit in Glasgow, Indian Prime Minister Narendra Modi announced plans to reach carbon neutrality by 2070 — a significant promise for one of the last remaining holdouts to set… Source link

Warren Buffett says this is the best type of business to own when inflation spikes — in other words, what you should buy right now High inflation rates in the country have become a serious concern on Wall Street. But fortunately for everyday investors, Berkshire Hathaway chief Warren Buffett has plenty of experience in navigating such an environment. Buffett managed a stock portfolio through periods of double-digit inflation rates in the 1970s and has plenty of advice on what to own when… Source link

Hilton CEO Christopher Nassetta says the hotelier’s recovery from the depths of the pandemic continues, with notable strength in demand by travelers on non-work days. “The weekends are slammed everywhere,” said Nassetta in an exclusive interview on Yahoo Finance Live. “The one area that continues to lag a little bit — which is probably not surprising — is the urban markets have been a little bit on lag for a whole bunch of reasons.” Hilton’s rebound was on full display in the company’s… Source link

Goldman Sachs is taking a somewhat contrarian view on the longer-term outlook for inflation. The global banking and investment giant is expecting a core inflation rate of 4.3% in the U.S. at the end of this year, followed by a drop to 3% in June 2022 and 2.15% by December 2022. Yahoo!Finance editor Brian Sozzi points to several factors informing Goldman Sachs’ analysis: “First is an improved supply of semiconductors as manufacturers such as Intel and Taiwan Semiconductor ramp up… Source link

Supply chain issues may be keeping many Americans up — literally — due to backlogs experienced by the world’s largest bedding provider. “We’re seeing it a little bit in trucking, obviously the shipping, a little bit in the component issues, primarily chemicals, … it’s getting better, but it continues to be a challenge,” Scott Thompson, chairman, president, and CEO of Tempur Sealy, told Yahoo Finance Live (video above). “And we think we’ll be working through supply issues probably here… Source link

The last time the Russell 2000 (^RUT) hit a new high was in March of this year, peaking at just over 2,360 points, while the S&P 500 (^GSPC) continues to break new highs. According to DataTrek Research, however, there are two factors that will determine whether the Russell 2000 can outperform the S&P. “The first is US high yield corporate spreads over Treasuries, which play an outsized role in the Russell’s relative performance,” DataTrek Co-Founder Nicholas Colas said in their Oct. 28… Source link

In this article, we will look at the top 10 stocks to invest in according to Victor Ho’s Yarra Square Partners. If you want to skip our detailed analysis of Victor Ho’s Yarra Square Partners, then head on over to 5 Stocks to Invest in According to Victor Ho’s Yarra Square Partners. Yarra Square Partners is an American investment firm that focuses on investing in stocks after conducting in-depth, bottom-up research. The firm was founded by its portfolio manager Mr. Victor Ho in 2016, and it… Source link

Walmart (WMT) is holding a supply-chain national hiring event later this week. The average wage for the retail giant’s supply chain associates is $20.37 per hour. The hiring event will take place on Wednesday and Thursday, November 3-4, in numerous states and locations. Job openings include equipment operators, repair technicians, freight handlers and order filler/lift drivers just to name a few. A worker is seen wearing a mask while organizing merchandise at a Walmart store, in North… Source link

Southwest Airlines (LUV) trimmed its schedule for November and December and has beefed up staffing ahead of the expected Thanksgiving and Christmas holiday travel rush. “So our reserves are over 20% for our crews, which helps you operate every single day,” Incoming CEO Bob Jordan told Yahoo Finance Live. That 20% is almost double the number Southwest had in place in early October when bad weather and Federal Aviation Administration (FAA) air traffic delays cascaded into a logistics nightmare… Source link

When Commerce Secretary Gina Raimondo spoke at the recent Milken Institute global conference, moderator Andy Serwer of Yahoo Finance asked her about President Biden’s plan to offer free community college to any student who wants it. “I can tell you this,” Raimondo said. “I know it works. About four years ago, when I was the governor of Rhode Island, I worked with our legislature to put through a plan to provide every Rhode Island student two years tuition-free community college. Fast… Source link