PwC released its 2023 Holiday Spending Outlook, which showed 40% of consumers plan on spending more than they did last year. Some surprises from the outlook include an increase in spending from Gen-Z versus baby boomers, who plan to spend 4% less than last year, as well as Gen-Z’s proclivity to shop in-person. Kelly Pedersen, PwC US Retail Leader, joins Yahoo Finance anchors Josh Lipton and Julie Hyman to break down the outlook and what trends are emerging from consumers for the upcoming holiday shopping season. Pedersen summarizes many of the trends, saying “we are seeing this movement towards a younger generation of shoppers and their willingness to spend more […]
Taylor Swift’s The Eras Tour concert film reached over $100 million in presales, according to AMC (AMC). The film is set to hit theaters on October 13. Yahoo Finance’s Brad Smith and Seana Smith discuss the film’s popularity and the power of Taylor Swift. 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 #yahoofinance #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 a subscription to […]
United Auto Workers President Shawn Fain gives a speech regarding plans for union workers to walk off the job at new plants. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #UAW #youtube #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 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 trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn […]
The September jobs report came in hotter than expected, with 336,000 jobs added to the U.S. economy. What does this mean for the Federal Reserve’s future rate hikes? Citi Global Economist Robert Sockin joins Yahoo Finance Live to discuss. “On balance, it puts the Fed in a difficult spot because, on the one hand, they’re seeing very strong labor demand and very strong hiring,” Sockin says, “[and] on the other hand, you also saw wage growth come in a bit softer than expected.” Sockin believes that while the jobs report encourages the case for another rate hike, “it doesn’t guarantee it given that you’re getting some mixed signals on the […]
Chipmaker Taiwan Semiconductor (TSM) shared falling revenue in the month of September, asserting the declines were better than expected. Yahoo Finance Live’s Akiko Fujita and Rachelle Akuffo monitor the stock action surrounding the chip company and its competitors amid artificial intelligence trends and lags in the PC market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #AI #youtube #stockmarket 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: […]
Tesla (TSLA) is trimming the costs of its Model 3 and Model Y EVs. Most versions of the Model 3 are getting a price cut of $1,250, while the long-range version of the Model Y SUV is now $2,000 cheaper. It comes after the EV maker reported third quarter deliveries that missed expectations. Yahoo Finance Live discuss the latest price cuts. 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 #Tesla #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction […]
The Biden administration, despite previous opposition, has decided to resume construction on a section of the U.S.-Mexico border wall started under Former President Trump. Additionally, to address concerns about the number of migrants in places like New York City, the administration will start deportations of Venezuelan migrants who do not meet the criteria for temporary protected status, a program introduced by Biden last month. Yahoo Finance’s Rick Newman explains the immigration challenges faced by the Biden administration. 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 […]
The U.S. auto market is seeing a growing preference for hybrid vehicles over fully electric vehicles. Hybrid sales have doubled since 2020 from Global Data, now outpacing pure EVs in the U.S. While pricier upfront, Idaho National Lab reported hybrids can save consumers money long-term on fuel costs. Yahoo Finance’s Rachelle Akuffo and Akiko Fujita examine what’s driving the hybrid demand surge. 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 #yahoofinance #EV About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social […]
Oil prices continue their decline this week with JPMorgan analysts noting deepening demand destruction fears. Yahoo Finance Markets Reporter Ines Ferre examines recent analyst comments on crude oil demand forecasts as overseas suppliers extend their production cuts. 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 #OIL #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 […]
Hyundai (HYMTF, 005380.KS) announced that by its fourth quarter of 2024, it will adopt the Tesla (TSLA) style charger — also known as the North American style charger — for its EVs. Tesla charging stations are more widely available than its competitors, with over 12,000 charging stations in the U.S. and over 40,000 globally. Yahoo Finance’s Seana Smith and Brad Smith break down Hyundai’s announcement and its broader EV consumer appeal. 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 #Hyundai #Tesla About Yahoo Finance: At Yahoo Finance, you get free stock quotes, […]
