Former Alameda Reserach CEO Caroline Ellison wraps up her testimony on Thursday in the fraud trial against FTX Co-Founder Sam Bankman-Fried. Yahoo Finance Legal Correspondent Alexis Keenan reports from outside the New York City courthouse, recounting the biggest moments from Ellison’s testimony explaining SBF’s intent to defraud FTX customers. 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 […]
Mortgage rates climbed for the 5th straight week, with the 30-year fixed average nearing 8% as the Fed battles shelter inflation. Yahoo Finance’s Dani Romero reports on the continued housing cost increase and how both consumers and investors are responding. 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. […]
“Inflation appears to be holding steady according to the September CPI data. But what does the fresh inflation data and the Fed’s interest rate outlook entail for markets? Roth MKM Chief Economist and Macro Strategist Michael Darda examines the relationship between risks in the stock market and rising bond yields. “”Equities actually have not become cheaper relative to bonds, they have become more expensive because bond yields have gone up so much relative to an equity market that’s not much off of the highs of the year,”” Darda points out. 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 […]
The ongoing autoworker strike against Detroit’s Big 3 automakers (F, GM, STLA) is expanding, targeting Ford. Auto Workers are now setting up picket lines at Ford’s Kentucky Truck Plant, the company’s largest manufacturing facility. The plant is responsible for producing several top-selling Ford models, over $25 billion in annual revenue. Morningstar U.S. Autos Equity Analyst David Whiston joins Yahoo Finance Live to discuss the potential blowback from a prolonged strike, and whether or not any progress is being made in negotiations. “”There’s so much ramifications, not just in the auto supply chain but throughout the whole broader U.S economy.”” Whiston tells Yahoo Finance. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo […]
Taylor Swift’s Eras Tour film will hit theaters a day earlier than scheduled. Originally set for October 13th, the concert film will now be available on October 12th due to overwhelming demand. With over 350 sold-out IMAX showings across 45 global markets, IMAX CEO Richard Gelfond reveals that even The Exorcist had to delay its release by a week due to the exceptional demand for Taylor’s film. “”We’ve seen demand like this, but we’ve seen it for big blockbuster movies. I don’t think there’s ever been a concert film like this ever before,”” Gelfond tells Yahoo Finance, adding: “”…The question is will we ever see it again?”” Subscribe to Yahoo […]
Delta Air Lines’ (DAL) third-quarter earnings results topped estimates, but is it too soon to celebrate? George Ferguson, Bloomberg Intelligence Senior Aerospace Defense and Airlines Analyst, joins Yahoo Finance Live to weigh in on the airline operator’s figures and what that spells for the U.S. consumer’s travel demand. “”There’s a diminution in fares’ yields — they’re down 5% in the U.S. domestic — and that probably concerns us the most going forward,”” Ferguson says. “”It feels like the U.S. consumer could be running out of gas.”” 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, […]
“September’s Consumer Price Index (CPI) print saw core inflation rise 0.3% month-over-month and 4.1% year-over-year — in line with what was expected. Expert opinions seem to be mixed on what this means for the economy, some saying it shows healthy signs for the economy while others were expecting better numbers. KPMG Senior Economist Yelena Maleyev and Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist, join Yahoo Finance Live to share their feelings on the Core CPI and how it relates to inflation and the economy moving forward. “”The market was braced for a hotter report after a hotter PPI yesterday and hot jobs report on Friday,”” Kleintop says. “”So initial […]
The Consumer Price Index (CPI) ticks up in the month of September, rising 0.4% month-over-month and 3.7% year-over-year — slightly higher than expected. Core CPI — the cost of goods and services, excluding the food and energy sector — rose 0.3% month-over-month and 4.1% year-over-year, coming in line with projections. Yahoo Finance Live breaks down the September inflation print and how the market is reacting to the data in the pre-market session from the Nasdaq MarketSite. 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 […]
Yardeni Research has raised its odds of a U.S. recession before the end of 2024 from 25% to 30%, citing heightened tensions in the Middle East. Yahoo Finance’s Seana Smith and Bradley Smith do a deep dive into the implications of a recession in the U.S. and how CEOs are watching for potential ripple effects from geopolitical conflicts. 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 stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you […]
Wednesday marks the second day of Former Alameda Research CEO Caroline Ellison’s testimony in court against her ex-boyfriend and FTX Co-Founder Sam Bankman-Fried. Axios Crypto Reporter Brady Dale highlights the biggest takeaways from Ellison’s statements in the fraud trial. “The prosecution showed copious documentation yesterday,” the journalist explains. “We had extremely detailed looks at these various spreadsheets that Caroline had made in 2021, where Sam… was making a decision, should I borrow another $3 billion from crypto lenders backstopped by FTX customer funds, and he asked Caroline to prepare spreadsheets, if various bad scenarios happen could they still repay them.” For more expert insight and the latest market action, click […]
