Nvidia (NVDA) shares fell in early trading on Friday after Reuters reported that the company is delaying the launch of an AI chip that was designed to get around restrictions on AI chip exports to China. Yahoo Finance Tech Editor Dan Howley discusses the report and what it means for Nvidia. #youtube #Nvidia #stockmarket For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.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 […]
Crude oil prices (CL=F, BZ=F) slip further as Saudi Arabia pushes back Sunday’s OPEC+ meeting by another week. Prosper Trading Academy CEO Scott Bauer breaks down OPEC member countries’ sentiments on whether or not to extend oil production cuts. “I think they are buying time to hash that significant piece of the puzzle out before they get together,” Bauer says to Yahoo Finance while commenting on domestic and global oil demands. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #oil #gold #youtube About Yahoo Finance: At Yahoo Finance, you get free stock quotes, […]
Fed FOMC meeting minutes reinforce cautious pause on interest rates as inflation cools but economic risks pervade. RBC Capital Markets Head of Rates Strategy Blake Gwinn says stock markets sold off early in 2023 on inflation and supply worries, but the second half of the year data showed progress — especially on CPI (Consumer Price Index) prints — which he says “[changes] the context.” Investors still expect future rate cuts as conditions improve, which Gwinn agrees with but emphasizes persisting uncertainties. Gwinn believes the economy’s resilience may force the Fed to “proactively” ease tightness before a hard landing scenario appears on the horizon. Gwinn notes better data has shifted views […]
The tech industry is still reeling from the days of turmoil at OpenAI. Appian Founder and CEO Matt Calkins (APPN) says that what happened at OpenAI seems to be a “governance failure. Calkins explains that he understands how it can happen, saying “in our industry, the software industry, we’ve got a lot of talented, essential, and sometimes unpolished people and the board’s job is to educate, not necessarily to discipline, but to try to smooth the edges without killing the golden goose.” Calkins doesn’t think that issues at OpenAI are resolved, but that these changes represent “a chance to reset.” For more expert insight and the latest market action, click […]
Mortgages rates have fallen for the fourth week in a row. The average rate for a 30-year fixed-rate mortgage is down to 7.29%, according to Freddie Mac. That rate is still higher than it was a year ago, but it has been enough to lure some buyers back into the market, with the Mortgage Brokers Association reporting an uptick in mortgage applications. So what does this all mean for 2024? Morgan Stanley economists say there are a lot of factors that will be driving the housing market next year, but their base case is that home prices will fall 3% if mortgage rates come down. Yahoo Finance Housing Reporter Dani […]
Moody’s Analytics Chief Economist Mark Zandi joins Yahoo Finance Live to weigh in on the state of the real estate market and financial sectors plus areas for concern following regional bank failures in early 2023. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #realestate #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your […]
Microsoft (MSFT) shares rose amid drama at AI partner OpenAI, after MSFT offered jobs to OpenAI staff following CEO Sam Altman’s swift firing and rehiring. Piper Sandler Analyst Brent Bracelin says despite tensions, Microsoft retains strong AI footing with Azure, ChatGPT integration and its OpenAI-powered Copilot. Bracelin says establishing OpenAI’s governance post the leadership shakeup is now imperative. He argues Microsoft rightly lent Altman support, though the episode exposed Microsoft’s lack of control in the company despite being a major shareholder. By hiring Altman temporarily and reaffirming OpenAI ties, Bracelin speculates Microsoft may gain an OpenAI board seat. Still, OpenAI’s internal volatility spotlights the need for both clarity around decision-making […]
RBC Capital Markets joins the ranks of Wall Street strategists projecting a 5,000-point target for the S&P 500 (^GSPC) to reach in 2024, alongside forecasts from Bank of America and Federate Hermes. Yahoo Finance Live breaks down RBC Head of U.S. Equity Strategy Lori Calvasina’s note on market outlook. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #stocks #youtube #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance […]
Amazon (AMZN) Founder and Executive Chairman Jeff Bezos is reportedly seeking to sell 8 to 10 million of his Amazon shares — worth up to $1 billion — according to CNBC. Yahoo Finance Live examines the former CEO’s timeline of past stock sales while he currently owns 988 million shares in the e-commerce retailer. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #Amazon #stockmarket About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage […]
Oil prices (CL=F, BZ=F) fell sharply after OPEC+ decided to postpone the meeting that was supposed to be held November 25-26. The cartel will now meet on Thursday, November 30. In the video above, Yahoo Finance’s Ines Ferré explains the possible reasons why the meeting was delayed. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to […]
