“The House Speaker race continues after Rep. Steve Scalise (R-LA.) withdrew and Rep. Austin Scott (R-GA.) emerged to challenge Rep. Jim Jordan (R-OH.). Henrietta Treyz, Veda Partners Managing Partner and Director of Economic Policy Research, belives it will be difficult for Jordan to rally sufficient bipartisan support to secure the House Speakership. With the Speaker race unsettled, Rep. Patrick McHenry (R-NC) is tasked with overseeing the vote as Speaker Pro Tempore. However, pressing global issues are arising, from Israel-Hamas tensions to Ukraine aid, requiring legislative action. Given the uncertainty around the Speaker vote, Treyz suggests current Pro Tempore McHenry becoming Speaker may be the “”path of least resistance.”” “”Remember these […]
“Taylor Swift’s theatrical version of her ‘Eras Tour’ has a wide release this weekend, hitting theaters across the country, many of which have been already sold out. The movie has brought in $100+ million dollars in presales, with Variety reporting that Swift’s camp will receive about 57% of total ticket sales. Yahoo Finance Entertainment Reporter Alexandra Canal details everything you need to know surrounding the debut. 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 […]
JPMorgan (JPM) CEO Jamie Dimon has warned of U.S. consumers spending down excess savings—amid a “”tighter”” economy, stopping short of projecting recession. S&P Global Market Intelligence Director for Financial Institutions Research Nathan Stoval weighs in on the CEO’s warning. Stoval believes that Dimon’s statements may be the CEO “trying to throw out some caution,”. Hennessy Funds Portfolio Manager Dave Ellison expressed concerns about Dimon’s criticisms—fearing lower bank valuations. “”It hurts the ability of somebody like myself to make money in the space,”” notes Ellison. 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 […]
Former Alameda Reserach CEO Caroline Ellison wraps up her testimony on Thursday in the fraud trial against FTX Co-Founder Sam Bankman-Fried. Yahoo Finance Legal Correspondent Alexis Keenan reports from outside the New York City courthouse, recounting the biggest moments from Ellison’s testimony explaining SBF’s intent to defraud FTX customers. 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 […]
Mortgage rates climbed for the 5th straight week, with the 30-year fixed average nearing 8% as the Fed battles shelter inflation. Yahoo Finance’s Dani Romero reports on the continued housing cost increase and how both consumers and investors are responding. 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 ideas backed by technical and fundamental analysis. […]
“Inflation appears to be holding steady according to the September CPI data. But what does the fresh inflation data and the Fed’s interest rate outlook entail for markets? Roth MKM Chief Economist and Macro Strategist Michael Darda examines the relationship between risks in the stock market and rising bond yields. “”Equities actually have not become cheaper relative to bonds, they have become more expensive because bond yields have gone up so much relative to an equity market that’s not much off of the highs of the year,”” Darda points out. 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 […]
The ongoing autoworker strike against Detroit’s Big 3 automakers (F, GM, STLA) is expanding, targeting Ford. Auto Workers are now setting up picket lines at Ford’s Kentucky Truck Plant, the company’s largest manufacturing facility. The plant is responsible for producing several top-selling Ford models, over $25 billion in annual revenue. Morningstar U.S. Autos Equity Analyst David Whiston joins Yahoo Finance Live to discuss the potential blowback from a prolonged strike, and whether or not any progress is being made in negotiations. “”There’s so much ramifications, not just in the auto supply chain but throughout the whole broader U.S economy.”” Whiston tells Yahoo Finance. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo […]
Taylor Swift’s Eras Tour film will hit theaters a day earlier than scheduled. Originally set for October 13th, the concert film will now be available on October 12th due to overwhelming demand. With over 350 sold-out IMAX showings across 45 global markets, IMAX CEO Richard Gelfond reveals that even The Exorcist had to delay its release by a week due to the exceptional demand for Taylor’s film. “”We’ve seen demand like this, but we’ve seen it for big blockbuster movies. I don’t think there’s ever been a concert film like this ever before,”” Gelfond tells Yahoo Finance, adding: “”…The question is will we ever see it again?”” Subscribe to Yahoo […]
Delta Air Lines’ (DAL) third-quarter earnings results topped estimates, but is it too soon to celebrate? George Ferguson, Bloomberg Intelligence Senior Aerospace Defense and Airlines Analyst, joins Yahoo Finance Live to weigh in on the airline operator’s figures and what that spells for the U.S. consumer’s travel demand. “”There’s a diminution in fares’ yields — they’re down 5% in the U.S. domestic — and that probably concerns us the most going forward,”” Ferguson says. “”It feels like the U.S. consumer could be running out of gas.”” 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, […]
“September’s Consumer Price Index (CPI) print saw core inflation rise 0.3% month-over-month and 4.1% year-over-year — in line with what was expected. Expert opinions seem to be mixed on what this means for the economy, some saying it shows healthy signs for the economy while others were expecting better numbers. KPMG Senior Economist Yelena Maleyev and Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist, join Yahoo Finance Live to share their feelings on the Core CPI and how it relates to inflation and the economy moving forward. “”The market was braced for a hotter report after a hotter PPI yesterday and hot jobs report on Friday,”” Kleintop says. “”So initial […]
