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TOKYO, Nov 16 (Reuters) - Japan's economic stimulus package will exceed 17 trillion yen ($110 billion), Finance Minister Satsuki Katayama said after meeting with Prime Minister Sanae Takaichi, the Nikkei business daily reported on Sunday.Since taking office in October, Takaichi has pledged to compile a sizeable package of spending measures to cushion the economic blow from rising living costs, and boost investment in growth areas such as artificial intelligence and semiconductors. Sign up here.The administration is expected to finalise the package with approval by the cabinet on November 21.Reporting by Satoshi Sugiyama; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles., opens new tabPurchase Licensing Rights Source link

Image Credits:Cooper Neill / Getty Images Apple is getting serious about succession planning, according to a new report in The Financial Times. The company’s board and senior executives are reportedly preparing for the possibility that Tim Cook could step down as CEO as soon as early next year. This would come after Apple’s earnings report in late January, giving the new leadership team time to settle into their roles before Apple’s big events like the Worldwide Developers Conference in June. The 65-year-old Cook has been Apple’s chief executive since Steve Jobs resigned in 2011; he’s now served as CEO for longer than Jobs. Under his leadership, Apple has grown from a market capitalization of $350 billion to $4 trillion, although the company has apparently struggled to find the...

Zhang Weiguo / VCG via Getty Images Bank of America's chief equity strategist expects stocks to charge higher in the first quarter of 2026. Support from the Fed, the Trump administration, and dip-buyers is likely to keep stocks rising well into next year, according to a recent research note from Bank of America. BofA's Michael Hartnett expects the signs of a sustained risk-off shift in markets to come from bank stocks or widening credit spreads. Tech stocks may be in a slump. One Wall Street strategist says now is not the time to pull out. Michael Hartnett, Chief Investment Strategist at BofA Merrill Lynch Global Research, sees stocks maintaining their momentum into the spring, with support from the Fed, the Trump administration, and dip-buyers, according to a Friday...

Wendy’s will close between 200 and 350 restaurants across the United States as part of a major restructuring plan aimed at reversing declining sales, the company announced Friday, according to CNN. During a quarterly earnings call, interim CEO Ken Cook told analysts the closures represent a “mid single-digit percentage” of the brand’s roughly 6,000 U.S. restaurants. The move will primarily affect underperforming locations that have weighed down overall results. The shutdowns will begin this year and continue through 2026, though Wendy’s did not disclose which specific restaurants will be impacted. “This action will strengthen the system and enable franchisees to invest more capital and resources in their remaining restaurants,” Cook said. “Closures of underperforming units are...

Arqit Quantum (NASDAQ: ARQQ) stock sank over the last week of trading as investors moved out of speculative growth stocks. The quantum cryptography company's share price sank 18.9% across the stretch. Arqit announced the launch of a new software platform this week, but the debut wasn't enough to stop its share price from getting hit with a big pullback. Macroeconomic and geopolitical concerns shaped trading for quantum computing and artificial intelligence (AI) companies, and this backdrop resulted in substantial sell-offs for the stock. Image source: Getty Images. Investors sold out of highly growth-dependent quantum computing stocks in response to concerns that the Federal Reserve will not be issuing another interest rate cut before the year is out. The government sh...

00:00 Speaker A When you're surveying all those fans over in Investopedia, how would you broadly characterize investor sentiment right now based on your survey work? I mean, is it, is it optimistic, Caleb, cautious, downbeat? What do you see? 00:13 Caleb Yeah, cautiously optimistic is how I would describe it and why not? We are seen many all-time highs already so far this year. We do have the wind at our backs in terms of corporate profits and we've been seeing that play out in the earnings numbers, but they're also concerned about the underlying economy. At what point does a potential weakness in the economy translate into weakness in the stock market? So far, they're still dancing in opposite directions and that's kind of they usually move in different directions or ne...

Robert "Bob" Powell — the host of Yahoo Finance's Decoding Retirement podcast — sits down with an expert panel of Focus Partners Wealth chief planning officer Jeffrey Levine, Silvur founder and CEO Rhian Horgan, and Lazetta & Associates founder and CEO Lazetta Rainey Braxton to speak extensively about the simplicity of keeping your retirement savings in one account. Make sure to watch Yahoo Finance's interview with the full panel. For full interviews, highlights, and key insights, check out more from Yahoo Finance Invest. Source link

Coca-Cola Consolidated stock surged this week as the company bought back shares from one of its largest stakeholders. Coca-Cola Consolidated bought back $2.4 million in stock from The Coca-Cola Company. The stock also got a boost from sector rotation trends. 10 stocks we like better than Coca-Cola Consolidated › Coca-Cola Consolidated (NASDAQ: COKE) stock soared this week following a big financial move from the company. The bottling specialist's share price marched 15.8% higher in a stretch of trading that saw the S&P 500 nudge 0.1% higher and the Nasdaq Composite decline by 0.5%. After the market closed on Nov. 7, Coca-Cola Consolidated announced that it bought back all of its common stock that had previously been held by The Coca-Cola Company. Investors are bullish on the...

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AUSTIN (KXAN) — On Friday, Google announced a $40 billion investment in Texas. The funding was part of Google’s “Investing in America” initiative, which it said was to further American innovation. “The investment will boost cloud and artificial intelligence (AI) infrastructure, with the development of data center facilities, programs to strengthen energy capacity and affordability, and workforce training in the state,” the Texas governor’s office said. Gov. Greg Abbott joined Google leaders and state officials to announce the investment. Take our survey: What do you want to know about AI? “This is a Texas-sized investment in the future of our great state,” Abbott said. “Texas is the epicenter of AI development, where companies can pair innovation with expanding energy. Googl...