Archive List for News

Stocks, inflation, Fed rate cuts, and the possibility of a soft landing

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yahoo finance

An economic narrative of a soft landing continues to gain traction after October’s cooling CPI report, though uncertainty persists around US growth prospects. NewEdge Wealth Senior Portfolio Manager Ben Emons sees encouraging signs of rebalancing that point to a continued interest rate pause by the Fed. Emons notes key inflation factors like rent are beginning to return to pre-pandemic levels. He tells Yahoo Finance that the Fed is neither cutting nor hiking rates further amid moderating price increases, and markets are normalizing. Retail earnings, from companies such as Walmart (WMT), are anticipating deflationary relief for consumers this holiday season. However, Emons says calls for Fed cuts don’t always point to […]

Investors should ‘fade’ the recent ‘epic risk rally’: Bank of America Analyst Michael Hartnett

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yahoo finance

Bank of America Analyst Michael Hartnett (BAC) is advising investors to sell risky assets after the recent rally in the stock market, citing mounting technical and economic headwinds as a reason to be cautious. Stocks have rallied on falling oil prices and cooling inflation data that raises the hope the Federal Reserve may be done raising rates. Yahoo Finance Reporter Madison Mills joins the Live show to discuss the note and what it means for investors. 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 […]

Professor arrested after Jewish man’s death during California protest

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CNBC

A computer science professor was arrested following the death of Paul Kessler, who was knocked to the ground in what witnesses describe as a physical altercation during a California protest over the Israel-Hamas war. The arrest comes amid soaring tensions in the U.S. and as colleges and universities have turned to the federal government for help keeping students safe. NBC News’ Julia Ainsley reports. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and […]

Sean ‘Diddy’ Combs accused of rape and abuse by singer Cassie

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CNBC

In a lawsuit, Casandra Ventura, better known as Cassie, alleges that music mogul Sean “Diddy” Combs not only raped her, but over the course of a decade physically abused her and “lured her into a drug-fueled lifestyle.” Combs’ lawyer said in a statement in part that his client “vehemently denies” the “baseless and outrageous” allegations. NBC News’ Chloe Melas reports. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and […]

IBM suspends advertising on X

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yahoo finance

International Business Machines (IBM) has decided to suspend advertising on X (formerly Twitter.com) after an independent watchdog organization alerted IBM to anti-semitic posts that were next to an advertisement on the social media platform. X CEO Linda Yaccarino nor Elon Musk have yet to comment on the specific situation with IBM. 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 #X #elonmusk 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. […]

Israel releases video it says shows Hamas tunnel after Al-Shifa hospital raid

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CNBC

Israel has released video today of what it claims is a Hamas tunnel on the grounds of Al-Shifa hospital. NBC News cannot independently verify that claim. The announcement comes after Israel faced widespread condemnation for its raid on Gaza’s largest hospital. NBC News’ Raf Sanchez reports. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live […]

One area where there could be a ‘win-win’ for homebuyers

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yahoo finance

Mortgage rates have pulled back for the third straight week, with the 30-year fixed rate mortgage rate falling to 7.44%, the lowest level since September 28. Jeff Taylor, MPhasis Digital Risk Founder, joins Yahoo Finance to discuss what rates could look like going forward. Taylor explains a key takeaway from this drop in mortgage rates: “I think the big sort of news is look at the CPI dropping this month, we are starting to get closer to 2%, as Chairman Powell said we still have a period of time to go, and also the Fed decided obviously not to raise. So I think sort of the sentiment is okay we […]

Intel stocks jumps after upgrade, Sonos teases new product

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yahoo finance

Intel (INTC) shares close Thursday higher after Mizuho upgraded the stock to a “Buy” with a $50 price target, citing improvements to the company’s data center roadmap and server product launches to come in 2024. Meanwhile, Sonos (SONO) stock surged on the company’s expectations to generate over $100 million from a major new product introduction this year — possibly hinting at new headphones. Yahoo Finance’s Julie Hyman and Josh Lipton weigh in on what investors might be looking for in these trending stocks in 2024. 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 […]

‘Classic Buffett’ moves: Lee Munson discusses the latest investment plays from Warren Buffett

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yahoo finance

Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) has sold its stake in several major companies, including General Motors (GM) and Johnson & Johnson (JNJ). Berkshire Hathaway’s biggest holdings remain Apple (AAPL), Bank of America (BAC), and American Express (AXP) in recent 13F filings. Portfolio Wealth Advisors President and CIO Lee Munson joins Yahoo Finance Live to weigh in on the possible reasons for the firm’s decision to exit its positions. Munson notes Buffett is “holding on” to investments in companies such as Bank of America due to the net profit boost a possible 2024 bond rally could bring. Munson sheds light on Buffett’s strategy which appears to be changing, insisting that […]

U.S. – China relations: A look at what was discussed during the Biden -Xi meeting

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yahoo finance

Presidents Biden and Xi Jinping met Wednesday at the APEC summit, with both sides deeming talks constructive. They agreed to reopen military communications and increase cooperation on climate change and the environment. However, key disputes around technology sanctions and fentanyl trafficking went unresolved. Xi and Biden made no apparent progress on these issues amid ongoing trade and security tensions. Yahoo Finance Senior Reporter Rick Newman analyzes critical points left out of the leaders’ meeting, including China’s support for Russia as geopolitical tensions in Ukraine continue. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #Biden #Xi Subscribe to […]