Bitcoin (BTC-USD) is up more than 40% over the last three months. Investors are waiting to hear if the Securities and Exchange Commission will approve a spot bitcoin ETF, with inflows into the cryptocurrency surging the last five weeks. Yahoo Finance Reporter Jared Blikre joins the Live show to break down the numbers and give insight into whether or not this bitcoin rally can continue into next year. #youtube #bitcoin #crypto Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. Connect with Yahoo Finance: […]
Amazon (AMZN) has become the king of the hill when it comes to deliveries as the e-commerce giant, according to company documents released by the Wall Street Journal, delivered 4.8 billion packages by Thanksgiving this year — more than its competitors FedEx (FDX) and United Parcel Service (UPS). The company also estimates that it will reach 5.8 billion packages by the end of the year, outpacing its total deliveries compared to last year by 600 million. Scott Devitt, Wedbush Managing Director, Equity Research, joins Yahoo Finance to discuss why Amazon has continued to become a dominant force in the delivery business. “The way that the market share has changed is […]
This time last year, analysts were gloomy on the stock market outlook, given the war in Ukraine, the prospect of higher interest rates and expectations of a recession. Yet 2023 is proving the exact opposite, with the S&P 500 up more than 19% as of Monday, driven by strong outperformance among megacaps like Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Nvdia (NVDA). So what’s in store for 2024? Analysts are offering bullish predictions—with calls from Deutsche Bank and BMO hinting at a potential 13% rise in the S&P500 (^GSPC)—emphasizing the need to navigate the evolving dynamics in the coming year. Yahoo Finance’s Market Reporter Jared Blikre weighs in on analysts’ […]
Existing US home sales drooped to a 13-year low in October. National Association of Realtors (NAR) Chief Economist Lawrence Yun breaks down the unique set of circumstances weighing on homeowners and sellers in the US housing market. “The challenge is that with higher mortgage rates, it’s really hurting the first-time buyers from entering the market. First-time buyers, comprising less than 30% of all transactions, it should be closer to 40% in normal circumstance,” Yun tells Yahoo Finance Live. “So we have a divided market: homeowners doing well, yet the potential homebuyers, renters who want to be part of the ownership society, are struggling to get into the market.” For more […]
The holiday shopping season’s marquee event is finally here: Black Friday. Retailers begin their promotions earlier and earlier every year, with stores pushing discounts as early as October in 2023. Jones Lang LaSalle Incorporated (JLL) President of Retail Naveen Jaggi joins Yahoo Finance Live anchors Seana Smith and Brad Smith to talk retail sales data and the strength of the US consumer. The US consumer is as resilient as ever, and they have proven time and time again, they will spend when given the opportunity to spend, and no better example than when we came out of the pandemic… when we saw the whiplash at a mass of 60-70% year-over-year […]
During the pandemic, a lot of people couldn’t go to the gym. Those days are now behind us with Orangetheory Fitness Co-Founder and CEO Dave Long telling Yahoo Finance Live that though digital is “not going anywhere,” gym-goers still want the “in real life” experience. On the topic of pricing, Long says that Orangetheory has done more promotional activity such as free classes to show the value the fitness company offers in a bid to take “price out of the mix.” #youtube #exercise #youtube Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and […]
Stellantis (STLA) will partner with Chinese battery manufacturer Contemporary Amperex Technology Co., or CATL, to open a EV battery factory in Europe. The automaker signed a non-binding Memorandum of Understanding, or MoU, with CATL to localize the supply of lithium iron phosphate batteries and cells to power the automaker’s EV production in Europe. It comes as a new report from Goldman Sachs, which predicts EV battery prices will fall a whopping 40% by 2025. Yahoo Finance Senior Reporter Pras Subramanian joins the Live show to break down the partnership and Goldman Sachs report. For more expert insight and the latest market action, click here to watch this full episode of […]
SCrude oil prices (CL=F, BZ=F) slipped on news that the OPEC+ meeting between member countries has been pushed back to Thursday, November 30, unleashing uncertainty onto energy markets over the extent of OPEC’s production cuts. CIBC Private Wealth Senior Energy Trader Rebecca Babin sits down to talk about the price action manifesting in the oil market on rising demand heading into 2024. “Right now, it’s a ‘sell the rally, be short crude.’ 2024 isn’t going to perform as well as 2023,” Babin says. “I think we have overshot, I think the fundamental base case is we trade in that $80-85 range. And we’ll get back there.” For more expert insight […]
Investors could be shifting tones on AI as global regulators shift on Sam Altman’s ousting as OpenAI CEO and swift reinstatement five days later. With ties to Microsoft (MSFT) — a 49% stakeholder in the artificial intelligence firm — stronger than ever, regulators worry Altman and OpenAI’s connections to the tech giant will make way for an “acquisition without an actual acquisition.” Axios Tech and Policy Reporter Ashley Gold and Duke University Professor and Venture Capitalist Sultan Meghji join Yahoo Finance Live to discuss the types of guardrails lawmakers will want moving forward as similar shakeups could muddy the waters on transparency and antitrust issues. Meghji — former CIO of […]
OpenAI’s board is getting a makeover and expansion as per terms of Sam Altman’s reinstatement as the AI firm’s CEO. Former Salesforce Co-CEO Bret Taylor (CRM) and former US Treasury Secretary Larry Summers will now hold board seats, while experts speculate whether Microsoft (MSFT) — which owns a 49% stake in OpenAI — could push for its own seat at the table. Forbes Senior Editor Alex Konrad highlights who else these figures could bring onto OpenAI’s board of directors, believing this board won’t be “the exact board a year or two from now.” “The prevailing narrative is more of that OpenAI is going to get back to what it was […]
