Archive List for News

Israel releases video it says proves hospitals are being used by Hamas

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CNBC

Hours after Israel launched a targeted raid inside Gaza’s Al-Shifa Hospital, its military released images it says show Hamas terrorist weapons there. Israel and the US say Hamas operates out of hospitals. Meanwhile, the Hamas-run Gaza Health Ministry released video of smoke pouring into the ICU during the raid. NBC News is unable to independently confirm either video. Keir Simmons 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 […]

Mortgage rates and real estate: U.S. housing market recovery will be ‘slow trickle’: Economist

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yahoo finance

The US housing market is long overdue to catch a break as experts believe peaking mortgage rates have come just in time alongside Fed forecasts planning for interest rate cuts in 2024. Redfin Chief Economist Daryl Fairweather tells Yahoo Finance this could be a set up for a slow recovery for homebuyers. “It’s going to be more of a slow trickle of people deciding that ‘you know, I can’t wait any longer and I want to move,'” Fairweather comments, “but a strong economy does mean that more people are moving for job opportunities — they feel more confident, they feel like even though rates are high, they can make it […]

Biden and Xi summit might be the ‘most important meeting’ since Nixon: Dennis Unkovic

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yahoo finance

President Biden’s face-to-face meeting with China’s Xi Jinping today marks the most significant talks between the leaders of the two nations since Nixon’s China visit, according to author and attorney Dennis Unkovic. However, Unkovic believes meaningful change post-summit will be limited to the military sectors. Unkovic notes that unlike during Nixon’s time, China now operates on an equal playing field and has greater demands. However, he thinks “Biden either can’t or won’t deliver” on core Chinese interests. He highlights the military communication breakdown following House Speaker Pelosi’s Taiwan visit against Xi’s wishes. Unkovic says reopening direct lines between U.S. and Chinese military officials is crucial in case crises emerge. “If […]

Cisco stock plunges after cutting full-year revenue forecast

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yahoo finance

Cisco (CSCO) reported fiscal first quarter results that topped analyst estimates, but the guidance fell short of expectations. In the first quarter, the tech giant reported adjusted earnings of $1.11 per share versus estimates of $1.03 and revenue of $14.67 billion compared to an expectation of $14.63 billion. However, Cisco’s second quarter and full-year revenue guidance was well below what Wall Street had been expecting. Its revenue outlook for the second quarter is $12.6-$12.8 billion compared to a $14.2 billion estimate. Cisco cut its full-year revenue outlook to $53.8-$55.0 billion versus the previous estimate of $57-$58.2 billion. Yahoo Finance Live breaks down Cisco’s first quarter report. Subscribe to Yahoo Finance: […]

Fed may achieve its goals without a recession: Strategist

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yahoo finance

As 2024 comes upon investors faster with every day, experts are now believing the Fed may reach its inflation mandates and promote GDP growth in the new year with a recession. Yardeni Research President Ed Yardeni explains the economy has been more resilient than even he expected, reconsidering his past recession calls. “It’s almost contrary to agree with the Fed, and I’ve been a contrarian saying the Fed may actually get it right. Inflation may come down and they may get it without a recession,” Yardeni tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe […]

Fed rate outlook, plus a look at opportunities in Big Tech and small caps

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yahoo finance

As the stock market surges, inflation cools, and consumer spending habits shift, many investors are betting that the Federal Reserve is done with interest rate hikes and are preparing for a soft landing scenario. Some experts are going so far as to say that the Fed will cut rates in 2024. Mahoney Asset Management CEO Ken Mahoney joins Yahoo Finance to discuss what investors need to pay attention to during periods of uncertainty and why cutting rates may not be in the Fed’s best interest. “A lot of people are talking about these rate cuts next year, I don’t see that. Again, I know Fed fund futures have shown by […]

U.S. China relations: What Biden and Xi meeting means for multinational businesses and trade

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yahoo finance

President Biden will be meeting with Chinese President Xi Jinping on Wednesday at the APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, where major CEOs and other world leaders will also be in attendance. China Beige Book International Managing Director Shehzad Qazi analyzes what Xi’s attendance and availability to business leaders will mean for investment into China. “The message to CEOs, of course, remains, ‘China’s open for business and we welcome foreign companies and foreign executives to come in,'” Qazi tells Yahoo Finance. “You don’t really have to sell foreign executives… on China very much still.” Qazi also cautions American business leaders on the geopolitical risks still tied to China. […]

LIVE: NBC News NOW – Nov. 16

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CNBC

NBC News NOW is live, reporting breaking news and developing stories in real time. We are on the scene, covering the most important stories of the day and taking deep dives on issues you care about. » 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 video coverage, original journalism and segments from your favorite NBC […]

Stocks: Why the Russell 2000 has been soaring

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yahoo finance

Small cap stocks, as measured by the Russell 2000 index (^RUT), saw their biggest single-day gain of 2023 on Tuesday. The index surged 5.2% as the risk-on rally extended to small caps. The broad market advance was sparked by October’s cooler-than-expected CPI report, which boosted hopes of less aggressive Fed rate hikes going forward. Yahoo Finance’s Madison Mills breaks down all the details. 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 #stockmarket #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, […]

Cathie Wood discusses conversations with SEC over crypto ETFs

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yahoo finance

As the January 10 deadline for the SEC to decide on a spot Bitcoin (BTC-USD) ETF approaches, investors are watching closely for any new details on how it will affect the market. Yahoo Finance’s Julie Hyman sat down with ARK Invest Founder, CEO, and CIO Cathie Wood to discuss her stance on bitcoin, the crypto market, and digital assets in general. During the interview, Woods enthusiastically elaborated on her interactions with the SEC: “We were thrilled to get questions back [from the SEC] because it means they’re engaged now. We have met a number of the research people at the SEC… they know what they’re talking about and the level […]