Yahoo Finance

‼️ Macy's in focus this Monday morning as it makes way into its biggest week of the year. 🚨 Early this morning (7 AM ET), the company announced it plans to delay its Q3 earnings release as it conducts an internal investigation into an employee hiding hundred of millions of dollars of expenses (nearly $132 million to $154 million). ➡️ Q3 results - a key indicator for the holiday season - saw preliminary same-store sales were down 1.3%, slightly better than expectations. ➡️ More in my latest for Yahoo Finance: https://lnkd.in/eQ4VhTnD #retail #holidayseason #macys

As of Sunday, MicroStrategy held approximately 386,700 bitcoins, acquired for an aggregate purchase price of about $21.9 billion and an average purchase price of approximately $56,761 per bitcoin. https://yhoo.it/4eOsNRo

After two years of annual gains north of 20% for the S&P 500, Wall Street strategists think 2025 will see a more measured year for stocks. https://yhoo.it/4eHpITl

📉 We have entered phase two of the Trump tariff concerns among the upper echelon of power brokers at the world's biggest companies. 📈 I would loosely characterize phase one as a shell-shocked, bantering state that emerged in the seven days after this month's election. 😱 Leaders I talked to in the election's aftermath were still trying to process the outcome and what it meant in the near term to their workers and businesses. Not many were sure if #Trump would make good on his litany of head-scratching promises — and if they did have a view, they had no intention of sharing it on the record with yours truly. As a reminder, Trump has floated 60% or higher tariffs on China and up to 20% on most goods out of other countries. Now, welcome to phase two, where leaders are beginning to speak publicly on the issue and work connections behind the scenes in an attempt to change the president-elect's mind on tariffs. What they are saying v/Yahoo Finance: https://lnkd.in/eHbSDU_Q Somewhat related, stocks look expensive. Nice call out from Apollo Global Management, Inc.'s Torsten Slok.

What's the best way you can budget for travel? NOMADNESS Travel Tribe and Nomadness TV founder Evita Robinson has some travel tips for a range of needs and comfortabilities, such as group travel, deal-finding digital products, and thinking local for more affordable adventures. More: https://lnkd.in/e_uYRmye

On paper, owning a home is almost always more expensive than renting — about 14% more, on average, after factoring in expenses like insurance, taxes, and upkeep. But the difference has grown much more extreme in recent years as just about all homeownership costs have ballooned. https://yhoo.it/3ZigXdM

Auto industry execs, fasten your seatbelts. If President-elect Donald Trump and his team repeal the $7,500 federal tax credit for EVs, as reported, the fallout will be massive. The Biden administration’s signature climate law, the Inflation Reduction Act, introduced the $7,500 EV tax credit for consumer vehicles and numerous others for commercial EVs and battery production, among other things. Since the law’s inception in 2022, EV sales have taken off. In 2023, the first full year of the credit, EV sales jumped 46% year over year to 1.19 million, compared to 813,000 in 2022, according to Cox’s Kelly Blue Book. Last month in a new report dubbed “The Effects of ‘Buy American’: Electric Vehicles and the Inflation Reduction Act, researchers Joseph Shapiro, Hunt Allcott, and Felix Tintelnot quantified the tax credit effect. After constructing a model and running a simulation, the report found that EV sales in the US would drop 27% if the federal EV tax credit were removed, compared to a scenario with the EV tax credit in place. The report found this would lead to EV registrations falling to 867,000 EVs from 1.184 million with the tax credit in place — or 317,000 fewer EVs. More: https://lnkd.in/gDfGUfV2

The country’s overall debt load reached a new peak of $17.9 trillion, thanks to across-the-board growth in mortgage, auto, credit card, education, and other consumer debt. The share of credit card balances more than 30 days past due hit 11.1%, the highest since early 2012. The total share of debt in delinquency inched up to 3.5%, from 3.2% in the spring. https://yhoo.it/4eG8NAt

Want to invest in gold? Novice to experienced investors may have a use for gold in their portfolios, but there is a caveat. Gold does not behave like cash, stocks, or bonds, so some learning may be required to use it appropriately. https://yhoo.it/3ASp2Na

The new buyback plan will expire in January 2029. https://yhoo.it/3CGiZMa