Archive List for News

Stocks extend gains, retail sector trends higher

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yahoo finance

Stocks are extending their rally from Tuesday, with gains led by small cap stocks as bond yields rebound and defensive sectors and retail outperform. Target (TGT) shares surged on its third-quarter earnings beat, exhibiting resilience in consumer spending, while Tesla (TSLA) stock continues to see gains. Yahoo Finance’s Jared Blikre breaks down the market and sector action. 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, social interaction and mortgage rates that […]

Warren Buffett’s Berkshire Hathaway exits GM, Johnson & Johnson positions

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yahoo finance

Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) has exited positions and sold its stakes in several companies like General Motors (GM) and Johnson & Johnson (JNJ) that recently underwent or announced new business ventures. Meanwhile, Apple (APPL), Bank of America (BAC), and American Express (AXP) continue to stand as Berkshire’s top holdings. Yahoo Finance’s Seana Smith and Brad Smith analyze Berkshire Hathaway’s portfolio adjustments. 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 #WarrenBuffett #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, […]

Retail sales in Oct fell by 0.1%, here’s what it means for stocks, the Fed, and the economy

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yahoo finance

U.S. retail sales fell by 0.1% in the month of October, lower than previously expected estimates of 0.3%, while shooting up 2.5% year-over-year. Furthermore, retailers Target (TGT) and TJX Companies (TJX) — the parent company of TJ Maxx and Marshalls — both beat third-quarter earnings estimates. Yahoo Finance Reporter Madison Mills joins the Live show to break down what resilient consumer spending means for the end-of-year market rally. 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 […]

Israeli soldiers conducting operation at Gaza’s Al-Shifa hospital

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CNBC

Israel is now saying its military has control of Gaza City Center. This comes as the largest hospital there is becoming a graveyard without power, water or basic medical supplies. Staff at al-Shifa hospital tell NBC News they buried 80 people in a mass grave. 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 […]

March for Israel takes place in Washington, D.C. to push for release of hostages

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CNBC

Tens of thousands of demonstrators took to Washington, D.C. for the “March for Israel” today. As the fighting rages in Gaza, the worldwide outcry on both sides has intensified. NBC News’ Gabe Gutierrez has more details. » 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 […]

Tesla and Cathie Wood: Oppenheimer analyst weighs in on ARK Invest CEO’s latest comments on EVs

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yahoo finance

Tesla (TSLA) is starting to see its business cool off at the same time inflation seems to be moderating for another consecutive month. ARK Invest Founder and CEO Cathie Wood believes the EV maker’s recent price cuts have “offset the interest rate hit” from the Fed’s monetary policy while still grabbing market share from American auto companies. Oppenheimer Senior Research Analyst Colin Rusch disagrees with some points of Wood’s recent comments to Yahoo Finance. “The landscape is changing — I don’t see GM and Ford as the primary competition,” Rusch explains. “We’re looking at VW and Hyundai as the established OEM [original equipment manager] leaders in this space. And then […]

Penn Entertainment launches ESPN bet in 17 states

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yahoo finance

Shares of Penn Entertainment (PENN) closed higher Tuesday after the company launched ESPN Bet, a rebranding of an existing sports-betting app owned by Penn Entertainment, in 17 states after dropping Barstool Sportsbook. According to the AP, Penn will pay $1.5 billion over the next 10 years for exclusive rights to the ESPN name. According to Disney (DIS): “ESPN BET will become ESPN’s exclusive sportsbook, and PENN Entertainment will receive odds attribution, promotional services inclusive of digital product integrations, traditional media and content integrations, and ESPN talent access, among other services.” For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. […]

Fed rate outlook: Next Fed move is going to be a discussion on when to cut: Marketreader

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yahoo finance

With 2023 winding down in its final months, investors and the market alike are keeping a watchful eye on the Fed and what regulators may decide for interest rates in 2024. Exante Data Founder and CEO Jens Nordvig joins Yahoo Finance Live to weigh in on the factors surrounding the extent to which the Fed could cut rates. Nordvig says the magnitude of cuts would be determined by inflation or the likelihood of a recession. Nordvig notes that just stabilizing inflation could allow modest cuts but a recession would prompt far more aggressive easing. Nordvig states there is a “long way to go” before being able to determine the Fed’s […]

Interest rate hikes and the Fed: What the latest inflation data means for investors

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yahoo finance

October’s Consumer Price Index (CPI) print came in cooler than expected, raising hopes that inflation is beginning to moderate in late 2023. Does this change anything for the Federal Reserve and its 2% inflation target? BNP Paribas US Economist Yelena Shulyatyeva explains expectations she has for Fed interest rate cutes in 2024 and how the Fed’s rhetoric has changed. The Fed has become “so much more cautious even as inflation continues to run high, they have become much more cautious talking about risk approach, risk management when they conduct monetary policy,” Shulyatyeva tells Yahoo Finance. “Today’s number just helps to alleviate some of the concerns that the process is not […]

Cathie Wood: Odds of spot bitcoin ETF approval have gone up

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yahoo finance

ARK Invest is teaming up with 21shares to launch new crypto-focused ETFs. ARK Invest Founder and CEO Cathie Wood says the partnership made sense given how complementary the firms’ areas of expertise are. Wood says that bitcoin (BTC-USD) is “the first global, digital, private rules based monetary system in history” adding that global monetary policy is “unhinged, it’s not hinged to anything except human decision-making” and that “the monetary system is bitcoin.” Ark is one of the several firm trying to launch a spot bitcoin ETF. Wood says “something has changed,” noting that the Securities and Exchange Commission has responded to their application with questions instead of just rejecting it. […]