An explosive testimony from FTX’s former Head of Engineering Nishad Singh was heard by prosecutors today. Singh, also a former high school classmate of defendant Sam Bankman-Fried, is one of three top executives who have already pleaded guilty to multiple fraud charges and have agreed to cooperate with the prosecution. Singh walked the prosecution through conversations with Bankman-Fried that illustrate the FTX co-founder’s original intent to commit fraud. Yahoo Finance reporter Alexis Keenan details Singh’s testimony and what it means for the prosecution’s case. 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 […]
“Major retailers have felt the brunt of retail theft — commonly referred to as retail shrink — with organized retail crime reportedly costing stores over $112 billion in inventory losses in 2022, according to the National Retail Federation. Home Depot (HD) Vice President of Asset Protection Scott Glenn sits down with Yahoo Finance to discuss where these pressures are showing up in consumers’ receipts and how retailers are partnering with lawmakers to crack down on retail theft. “”There’s two sides to it — there’s the supply chain side of it… [which] certainly puts pressure on all of us in terms of keeping our shelves full, keeping product available for the […]
Stocks started the week on an upbeat note as investors gear up for third quarter earnings. With the next Federal Reserve meeting less than a month away investors are still debating if there will be a recession or if the central bank can pull off a soft landing. Thrivent CFO & CIO David Royal joins Yahoo Finance to discuss his theory as to why, despite current headwinds, the U.S economy is ready for a “”slow take off.”” Royal gives a suggestion for investors to keep their eyes on if he’s correct: “”Areas that we find attractive in this market, if I’m right and we are going through a slow take […]
Stocks traded higher during afternoon trading on Monday as investors prepared for a host of corporate earnings this week. Wall Street also braced for heightened geopolitical tensions as the US attempted to advance efforts to contain the Israel-Hamas conflict. The Dow Jones Industrial Average (^DJI) increased nearly 1% or about 300 points while the S&P 500 (^GSPC) gained just over 1%. The tech-heavy Nasdaq Composite (^IXIC) increased about 1.1%. Earnings season picks up steam this week, with reports from Goldman Sachs (GS) and Bank of America (BAC) due Tuesday after upbeat results from their Wall Street peers. Updates from Tesla (TSLA) and Netflix (NFLX) kick off tech earnings on Wednesday, […]
Tech stocks have buoyed stock investors’ returns this year, but Comerica Wealth Management CIO John Lynch says a new era is coming. Lynch says he is “”concerned”” about certain market dynamics, such as the energy sector outperforming consumer discretionary. Lynch also thinks the recent rise in 10-year Treasury yields is “”a function of Treasury issuance, which could be up another 20, 25% over the course of the next year.”” 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 […]
The discussions over who will serve as House speaker continue. House Minority Leader Hakeem Jeffries said informal talks are underway for a bipartisan solution. Representative Jim Jordan is nominated for House speaker, but still needs majority of the House votes. Yahoo Finance Senior Columnist Rick Newman discusses the latest news on the House speaker race. 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. […]
Bitcoin’s price is hovering around $28,000 as investors anticipate the SEC’s decision regarding the first-ever spot Bitcoin ETF. Yahoo Finance’s Jennifer Schonberger reports on what the possible outcomes are—what this could mean for Grayscale. 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. Optimize your trades with advanced portfolio […]
Taylor Swift’s Eras Tour concern film premiered over the weekend, making and breaking monumental box office records. Yahoo Finance Entertainment Reporter Alexandra Canal joins Rachelle Akuffo to discuss what the Eras Tours’ box office performance could mean for movie theaters ahead of Beyoncé’s own Renaissance concert film premiere. 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 […]
Earning season is well underway with banks JPMorgan (JPM), Citigroup (C), and Wells Fargo (WFC) reporting solid results. Despite this, some bank executives are saying there is still cause for concern. JPMorgan Chase CEO Jamie Dimon warns of danger ahead and notes that the firm is preparing for a “broad range of outcomes.” Wall Street Journal Reporter Ben Eisen joins Yahoo Finance Live to break down the factors surrounding the protective measures some banks are taking. “”A lot of the bank executives are sort of signaling we’re at a crossroads at this point,”” Eisen states, noting consistent consumer spending and the downside of higher interest rates. Subscribe to Yahoo Finance: […]
JPMorgan has increased its estimates on how much the United Auto Workers strike will cost Ford (F) and General Motors (GM) per day as the strike continues. The firm has also estimated that the strike already cost both companies over $500 million each. In addition, EV maker Tesla (TSLA) is facing pressure from increased competition and unenthusiastic consumers. A poll from Yahoo Finance shows 57% of respondents claim they’re unlikely to purchase an EV as their next car. AutoBlog Editor-in-Chief Greg Migliore joins the Live show to break down the details of the ongoing strike and the challenges that Tesla faces. Migliore expresses his optimism for Tesla: “”As you take […]
