Early Friday morning, U.S. fighter jets targeted Iran-backed facilities in Syria. Yahoo Finance Senior Columnist Rick Newman explains how this may further tension in the Middle East region as the Israel-Hamas conflict also escalates, while also commenting on how newly elected Speaker of the House Mike Johnson (R-La.) could vote on President Biden’s proposed aid to Israel and Ukraine. 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 #Iran #Syria 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 […]
The Personal Consumption Expenditures (PCE) price index — the Fed’s preferred inflation measuring tool — rose 0.4% in September and 3.4% year-over-year. Core PCE came in line with economic forecasts, cooling to 3.7%. DoubleLine Deputy Chief Investment Officer Jeffrey Sherman sits down with Yahoo Finance Live to talk about what the new inflation print could mean for the Fed’s interest rate strategy ahead of its November FOMC meeting. “When I look at the report, too, on PCE, there’s a little disconcerting behavior in here,” Sherman says, adding: “When you continue to look at this all year, we’ve seen an increase in spending that outstrips the increase in earnings on the […]
JPMorgan Chase CEO Jamie Dimon (JPM) will be selling one million shares of his stake in the bank, according to a regulatory filing. The sales will be scheduled starting in 2024. The filing says Dimon is selling the shares for “financial diversification and tax-planning purposes.” The filing also states that “Dimon continues to believe the company’s prospects are very strong and his stake in the company will remain very significant.” Dimon’s currently owns about 8.6 million JPMorgan shares. It is his first stock sale since becoming the bank’s CEO. Yahoo Finance Live discusses the move and what it means for the bank. For more expert insight and the latest market […]
The AI buzz has turned a new leaf—with companies moving from the phase of expressing interest in incorporation to investors expecting evidence of adoption. John Chambers, Former Cisco Executive Chairman & CEO joins Yahoo Finance’s Brian Sozzi to break down what investors should consider and how tech companies —both big and small— have to get ahead of the game. Chambers insists that AI is essential, stating “those companies that get AI right are going to see explosive growth”. Investors are making “careful selection” and in order to stand out, there has to be a strong incorporation strategy, notes. Chambers. Chambers further harps on his point of the need for AI […]
Disney (DIS) stock has plummeted by over 50% over the past two years. Yahoo Finance Entertainment Reporter Alexandra Canal outlines the uncertainty surrounding various factors, including CEO Bob Iger’s renewed tenure after former CEO Bob Chapek’s departure and the media company’s restructuring of streaming and linear TV assets.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 #Disney #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 your financial life. Yahoo Finance Plus: With […]
Amazon’s (AMZN) third quarter earnings topped Wall Street estimates. Earnings of $0.94 per share topped expectations of $0.58. Net sales of $143.08 billion beat estimates of $141.56 billion. JMP Securities, a Citizens Company, Equity Research Analyst Nick Jones tells Yahoo Finance Live anchors Julie Hyman and Josh Lipton that the numbers were “solid.” Referencing the stock’s initial pop in after-hours trading, Jones suspects it’s because of operating income margins that “look really good.” Jones says that he thinks the company is “pulling all the various levers they have across their businesses units to kind of give investors what they’re looking for, which is better operating income margin.” For more expert […]
The United Auto Workers (UAW) union has reached a tentative deal with Ford — a four-year contract that includes most of the union’s demands, including wage hikes. Now the next question for the automaker is looking to be: How soon will Ford resume production? Autoblog Editor-in-Chief Greg Migliore says the automaker is already on it. “They [Big Three automakers] know what they’re doing”, Migliore tells Yahoo Finance anchor Rachelle Akuffo. Migilore expects “clear, structured labor costs” over the next four years to meet the demands of the union. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to […]
U.S. GDP grew by 4.9% at an annual rate in the third quarter of the fiscal year, defying a multitude of expectations of a slowdown. Some believe that a recession is on the way, as economic headwinds continue to spook investors and Treasury bond yields spike. Canaccord Genuity Chief Market Strategist Tony Dwyer is one such person, claiming investors need to brace for that eventuality. He joins Yahoo Finance anchors Julie Hyman and Josh Lipton to give insight into what he believes to be an inevitability. Dwyer postulates that a recession will be necessary to finally get the Fed to make major changes: “Earlier this week, we made [a] new […]
Sam Bankman-Fried, former founder of crypto exchange FTX (FTT-USD), is set to testify in his criminal trial in front of the judge, without a jury present. This arrangement is intended to ensure that all parts of the witness testimony are admissible, while also making it easier for appellate courts to understand the judge’s reasons for striking certain testimony later on, explains Sam Enzer, a partner at law firm Cahill Gordon & Reindel LLP. A key focus of Bankman-Fried’s testimony will be the role of lawyers in his actions. Prosecutors allege that Bankman-Fried intentionally instructed employees to auto-delete messages in order to evade regulators. However, Bankman-Fried claims he received approval from […]
The Federal Reserve has signaled on multiple occasions that they will keep interest rates higher for longer, much to the chagrin of some investors. The Fed’s policies, mixed with a myriad of economic headwinds, have simultaneously opened up new opportunities for investors, including parking investments in fixed-income. John McClain, Brandywine Global Portfolio Manager, joins Yahoo Finance to discuss his views on the Fed’s policies, where its true intentions lie, and how investors should frame these new opportunities. “This is a generational opportunity for investors to shift capital away from equities into fixed-income. The relative attractiveness of fixed-income compared to equity markets is the strongest it’s been in 20-plus years,” McClain […]
