WEN Aug 2024 16.000 put
| Previous close | 0.2000 |
| Open | 0.1500 |
| Bid | 0.1500 |
| Ask | 0.2500 |
| Strike | 16.00 |
| Expiry date | 2024-08-16 |
| Day's range | 0.1500 - 0.2000 |
| Contract range | N/A |
| Volume | |
| Open interest | 477 |
- Yahoo Finance Video
What Nvidia, consumer spending signal for the market: Catalysts
On today's episode of Catalysts, Hosts Seana Smith and Madison Mills break down key market trends and the trading day's biggest stories. As Nvidia (NVDA) is set to report its earnings this week, HSBC Global Private Banking and Wealth Management Americas CIO Jose Rasco joins the show to discuss how the chip company and the overall AI push may impact the market (^DJI,^GSPC, ^IXIC). He explains that new technology, like artificial intelligence, is diffusing across all sectors as companies seek to find efficiencies and expand revenue. Rasco adds that Nvidia and the AI boom will ultimately drive deflation in the market, ultimately resulting in lower prices for goods and services. However, there are some geopolitical pressures facing the chip sector. ASML (ASML) and Taiwan Semiconductor Manufacturing Company (TSM) could disable their chip machines remotely if China were to invade Taiwan, according to a report from Bloomberg. JPMorgan Chase (JPM) CEO Jamie Dimon sparked speculation about his potential resignation after pivoting from his usual stance during the company's annual investor day and saying that his remaining time at the company is no longer five years. Yahoo Finance's David Hollerith explains what this means for the company's future and who might be considered to succeed Dimon. Lowe's (LOW) topped Wall Street's first quarter earnings estimates, posting revenue of $21.36 billion and gains of $3.06 per share. While consumer spending remains low, CEO Marvin Ellison points to loyalty programs and online spending as areas offsetting pullback concerns. Meanwhile, Peloton (PTON) is having a more difficult time dealing with the consumer sales slump as the home fitness company announced it is starting the sale of a $1 billion loan offering. Wendy's (WEN) and (TGT) both announced new initiatives to draw consumers back to their stores, from a $3 breakfast value meal to price cuts on five thousand items. This post was written by Melanie Riehl
- Yahoo Finance Video
What fast food chains are getting wrong about inflation
Wendy's (WEN) is debuting a $3 breakfast combination meal, which includes potatoes and a bacon or sausage egg and cheese sandwich. This move comes as fast food chains increasingly introduce value meals to combat weakened consumer spending. Salad and Go CEO Charlie Morrison joins Wealth! to discuss whether these value offerings are the right move. "Providing access to consumers for a good value is absolutely always the right thing to do. The challenge we're dealing with right now is something that's quite cyclical. Chains are taking lots and lots of price when they feel like they can. And then when the consumer starts to push back, we go right back into the cycle of value orientation," Morrison explains. "What doesn't seem to be working is the idea of sustaining an everyday low price." Morrison notes that in order to normalize value pricing over a sustained period of time, companies have to examine their supply chains thoroughly. He points to Salad and Go's vertical process in order to deliver consumers low prices as they seek to eat healthy on a budget. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl
- Yahoo Finance Video
Food inflation's tight grip on Americans' grocery budgets
As inflation persistently squeezes consumer wallets, its impact on food security for American households is becoming increasingly apparent. Alarmingly, a study by the Urban Institute reveals that nearly one in five adults have resorted to dipping into savings intended for other purposes to cover their grocery bills. Yahoo Finance's Brad Smith discusses the far-reaching implications of inflationary pressures within the food industry. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
