Apple (AAPL) is set to announce earnings on Thursday, Nov. 2 and many investors are already looking ahead to the fourth quarter. With the recent release of the iPhone 15, questions about demand are still swirling. Ben Bajarin, Creative Strategies CEO and Principal Analyst joins Yahoo Finance Live to weigh in on demand and consumer trends that could indicate how the tech giant is faring, globally. Noting “”a couple challenges”” including supply constraints, Bajarin suggests a sense of “”some elongated demand”” but its too soon to gauge. 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 […]
Zillow (Z, ZG) shares closed nearly 7% lower after a Missouri jury ruled the National Association of Realtors colluded with brokerages to keep agent commissions high, awarding nearly $1.8 billion in damages. The class action lawsuit focused on the opaque nature of brokerage fees and commission splits. Other real estate stocks like Compass (COMP) and Redfin (RDFN) also fell on the news, though none of the real estate companies were named in the suit. 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. […]
The fraud trial against FTX Co-Founder Sam Bankman-Fried continued on Tuesday with SBF taking the stand. The defense made its final arguments and rested its case while the prosecution continued with cross-examination. Lead prosecutor, U.S. Assistant Attorney Danielle Sassoon, continued to poke holes in SBF’s testimony and find points of contradiction in his previous statements. CoinDesk U.S. Markets Reporter Helene Braun joins Yahoo Finance to discuss what she witnessed in the courtroom and the overall feeling of the trial. “”[Sassoon] also pulls out a video of Sam with former U.S. President Bill Clinton and U.K. Prime Minister Tony Blair in the Bahamas, which Sam claims were there for the FTX […]
WeWork (WE) shares sink even lower on headlines that the company is planning to file for bankruptcy next week, according to the Wall Street Journal. Yahoo Finance anchors Julie Hyman and Josh Lipton comment on the coworking space provider’s fall from grace as an original startup darling. 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 Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment […]
Uncertainty remains in the market, stemming from a variety of factors— economic headwinds, geopolitical conflicts, an inert Congress, inflation — extending volatility. Investors are rushing to safer, more stable investments, but do they have the whole picture? Is there more that needs to be considered? BloxCross Global Head of Markets & Strategy Keith Bliss joins Yahoo Finance to discuss the broader market and what investors need to pay attention to heading into 2024. “”The stock market hates two things: an increasing rate environment and a lack of earnings. Generally, they go hand-in-hand, especially in the financial sectors. So the market has not really come to grips with that.”” Bliss continues, […]
Federal Reserve officials are convening for their November FOMC meeting with Chair Jerome Powell to announce the Fed’s decision on interest rates on Wednesday. Cindy Beaulieu, Conning CIO for North America, joins Yahoo Finance Live to discuss what December could look like based on the likelihood of tomorrow’s decision and what may be causing division between Fed regulators. “”Part of the reason they’ve been careful in their pauses along the way here has been because we have seen so many, so many lag effects in this that have taken place and that’s why they’re being cautious and careful,”” Beaulieu says on consumer savings. “”But I think the problem they have […]
The Federal Reserve’s two-day policy meeting started today as investors anticipate rates will be held steady in the 5.25-5.50% range. Markets are looking to Fed Chair Jerome Powell for guidance on future monetary policy moves. September inflation dropped to 3.7%, meeting the Fed’s year-end forecast. Meanwhile, surging bond yields have fueled hopes of a potential pause. However, Powell said they will be ‘proceed cautiously’ amid a strong economy. Yahoo Finance’s Fed reporter Jennifer Schonberger explores how data like GDP and consumer spending support further hikes, though lagging indicators like mortgages haven’t fully allowed consumers and businesses to feel the rises yet. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At […]
AMD (AMD) will release third-quarter earnings after Tuesday’s closing bell, with Wall Street hoping for positive results despite other mixed Big Tech earnings. The company announced its drive to join the AI chip race and catch up to chip maker giant Nvidia (NVDA). Yahoo Finance anchors Brad Smith and Diane King Hall break down what investors should pay attention to as AMD gears up to release its third-quarter earnings. 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 […]
Stocks may be in for a little scare heading into 2024, with Interactive Brokers Chief Strategist Steve Sosnick stating the “”setup isn’t great.”” Sosnick went on to convey hesitancy over the strength of the Magnificent Seven tech stocks — comprised of Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), Tesla (TSLA) — and whether they should be grouped together at all. “At this point, you can’t look at them as seven stocks together,”” Sosnick explains to Yahoo Finance about the mixed earnings results from Big Tech players. “”Tesla is, I think, at risk of being kicked out of the club right now because they’ve been […]
The U.S. Treasury Department is expected to issue $114 billion in bonds as markets cope with elevated bond yields and higher for longer interest rates. Kovitz Principal and Portfolio Manager John Buckingham explains his thoughts on how well the stock market should hold up against economic headwinds and the Fed’s rate policy as earnings season continues. “Historically speaking… stocks have done well in higher interest rate environments, stocks have done well in inflationary environments. Well, heck, stocks have done well no matter what the backdrop is,” Buckingham tells Yahoo Finance. “Unfortunately, in the near term, obviously, there can be some volatility as we have certainly seen here of late.” For […]
