Posts by Lauren Lyster
- Lauren Lyster at Yahoo Finance21 hrs ago
Despite the hope for a "manufacturing renaissance" in the U.S., a Wall Street Journal article reports U.S. factories continue to lose ground to rivals abroad.
The article points out that the U.S. trade deficit widened in the first half of the year, with manufactured exports (excluding petroleum on coals) rising 0.8%, below last year's 2.1% gain. Without a "strong, sustainable increase in exports, U.S. factories are unlikely to have the kind of resurgence forecast by some pundits," according to the article.
So is the U.S. manufacturing comeback not happening? Yahoo Finance Editor-in-chief Aaron Task and I examine that question in the video above, and note some of the tailwinds for U.S. manufacturing that may benefit the sector in the future.
- Lauren Lyster at Yahoo Finance1 day ago
Hey kids, want to be successful in life? Don't go to Harvard, Yale or another Ivy League college. That's the message from former Yale Professor William Deresiewicz.
Why? He lays out his view in his new book Excellent Sheep: The Miseducation of the American Elite and a July New Republic article:
Our system of elite education manufactures young people who are smart and talented and driven, yes, but also anxious, timid, and lost, with little intellectual curiosity and a stunted sense of purpose: trapped in a bubble of privilege, heading meekly in the same direction, great at what they’re doing but with no idea why they’re doing it.
- Lauren Lyster at Yahoo Finance5 days ago
The Kansas City Fed's annual Jackson Hole economic symposium kicks off Thursday, and Fed Chair Janet Yellen will give the keynote speech Friday morning. For most of the past seven years, the S&P 500 has rallied an average of 1.3% on the day that the Fed chair speaks, according to Bloomberg.
So will the trend continue?
It could, says Pedro da Costa, a reporter at The Wall Street Journal. He explains in the video above that the market is trying to get ready for interest rate hikes and has been on alert for any signals that might be hawkish from the Fed. (Consensus expectations are for the first rate hike in July of 2015, and signs of potential for a hike sooner are thought to impact stocks negatively.)
- Lauren Lyster at Yahoo Finance6 days ago
More fresh reads on housing this week as an industry group reported applications for home mortgages rose last week -- driven by refinancingdemand -- and home improvement retailer Lowe's came out with second quarter earnings, lowering its outlook on sales for the year.
- Lauren Lyster at Yahoo Finance7 days ago
When you think of Hollywood blockbusters like "The Hunger Games" and "The Hobbit," actress Jennifer Lawrence might come to mind... actor Orlando Bloom, too, perhaps. But billioniare investor Carl Icahn? Probably not. Yet some sophisticated hedge fund investors like Icahn have bet on tinseltown and seen billions in (paper) gains thanks to the success of movies like the aforementioned. (In this case, Icahn actually lost out on $2 billion in profits due to his timing.) That's according to Greg Zuckerman and Ben Fritz's reporting in the Wall Street Journal.
- Lauren Lyster at Yahoo Finance7 days ago
A Barron's story sent sharesof oil and gas equipment company Schlumberger (SLB) higher Monday as the company focuses more of its efforts on the North American energy market. Meanwhile, theEnergy Information Administration recently reported thatU.S. crude oil production in July was the highest since April 1987. Greg Zuckerman, a reporter at The Wall Street Journal and author of The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters, sat down with us to talk about where we are in the U.S. "energy revolution."
- Lauren Lyster at Yahoo Finance11 days ago
It's the 27th year of Discovery Channel's (DISCA) Shark Week, and while it has scored some record ratings, it might have viewers treading water in fear. One company, perhaps, can relieve some of that terror -- Shark Shield, which makes a device that claims to deter sharks from attacking people.
Amanda Wilson, general manager of the company, tells Yahoo Finance in the accompanying video, "We know shark attacks are rare, but that doesn't mean it isn't terrifying for people. Unfortunately, [the movie] Jaws has had a tremendous effect on our mentalities when we go in the water. This gives you the peace of mind to enjoy your water sport."
- Lauren Lyster at Yahoo Finance12 days ago
Mayors of the 30 biggest cities in the U.S.met in New York this week, pledging to fight inequality, while another report blames the record income gap for weakness in the housing market. But Tyler Cowen, an economics professor at George Mason University and author of Average is Over, tells us all of the focus on inequality has somewhat obscured the actual problem.
"The top one-percent is earning more ... because they're doing well in global markets," he tells us in the accompanying video, asserting that's largely a good thing. "The other issue is that people on the bottom are seeing smaller or slower gains and that is the real problem."
- Lauren Lyster at Yahoo Finance14 days ago
Watchout Apple (AAPL), Google (GOOG) and Fitbit. While consumers await the rumored iWatch, anticipate Google Glass'scommercial lauch and try to discern the merit of a senator's FitBit privacy concerns, a startup called Ringly is trying to take tech wearables mainstream. The company's strategy is to take up the fashion quotient and target women, with a new line of smartphone-connected jewelry.
Related: 4 tips for protecting your passwords
- Lauren Lyster at Yahoo Finance18 days ago
President Obama shook up the debate over the future of the Internet this week, when he raised some net neutrality concerns in response to a question at the U.S. Africa Business forum this week. His comments put his position at odds with the Federal Communications Commission's proposal, which would open the door to allowing Internet providers to offer content companies so-called "fast-lane" access.