According to data from Freddie Mac, 30-year mortgage rates have once again risen above 7%. As home prices continue to rise and inventory remains low, the potential for new homebuyers to afford a home dwindles. Kinloch Partners Co-Founder and CEO Bruce McNeilage joins Yahoo Finance to break down what higher mortgage rates mean for homebuyers and the overall demand for homes. McNeilage affirms his stance on why mortgage rates will increase: “I’m calling 8%. There is not enough supply out there. Supply and demand is working. The value and price of homes is just simply not going down. If anybody is waiting to get a house and can get a […]
Tesla (TSLA) was once soaring high — a member of the Magnificent Seven group of tech or tech-adjacent stocks that led rallies in the S&P 500 (^GSPC) to one of its all-time highs — but has since fallen from grace in the 2024 trading calendar. The company has faced a litany of challenges, from disappointing production figures to leadership concerns around CEO Elon Musk. Yahoo Finance Anchor Madison Mills breaks down a timeline of the challenges that Tesla has faced in recent months to give context to its slide from the top. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, […]
Gas prices have risen by a substantial 20 cents on a month-over-month basis, now sitting at an average of $3.66 per gallon nationwide. As the United States transitions into the summer season, several factors are expected to drive gas prices even higher in the coming weeks and months. Yahoo Finance’s Ines Ferré breaks down the details, highlighting the areas that are likely to see the most significant price increases in the weeks ahead. #news #gas #youtube About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest […]
Maconomics Founder Ross Mac joins Wealth! to discuss how parents can ensure their children have better financial prospects than they did. Mac highlights the importance of education: as a parent, Mac teaches his children that money comes from work and that they are shareholders, not just consumers. Custodial Roth IRA accounts are also among Mac’s top recommendations: a few hundred dollars every few months could be the difference between your child having student loans or asking you for financial help in the future, Mac signals. Mac says 529 accounts, or tax-advantaged college savings plans, are also a key strategy to consider. The Maconomics founder explains that the accounts are like […]
You know what time of the year it is – it’s tax time. Did you know that more than 70 percent of Americans actually get a tax refund? So it’s only right that we talk about what it really is and what to do with it. Ross Mac of Macenomics joins Yahoo Finance to break down your tax refund. Tax refund is actually your money (00:00:13) A tax refund isn’t just a magical bonus that the government was feeling generous about giving you. It was actually your money in the first place. You were just paying the government too much in taxes the prior year. Yes, you were giving the […]
Tesla (TSLA) is set to lay off more than 10% of its global workforce, according to a report from Electrek citing an internal email from CEO Elon Musk. Musk writes the layoffs will set Tesla up to “be lean, innovative and hungry for the next growth phase cycle.” Yahoo Finance Reporter Pras Subramanian joins the Morning Brief to discuss the details of the announcement and Tesla’s Q1 report. #youtube #tesla #stockmarket About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com […]
As climate-conscious shoppers enter auto dealerships, they are faced with a choice: EV or hybrid. Yahoo Finance reporter Pras Subramanian joins Wealth! to discuss what consumers should consider when deciding which vehicle to purchase. #youtube #ev #hybrid About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
Benchmark interest rates may be slow to come down, meaning mortgages and loans are going to cost more. But there are stocks that investors may want to take advantage of while they’re still cheap. GLOBALT Investments Senior Portfolio Manager Keith Buchanan joins Wealth! to discuss buying opportunities in a higher-for-longer environment. As rate cut outlooks continue to shift, Buchanan claims the last mile for inflation will be “stickier” and “more difficult.” Buchanan currently favors low-duration assets, as high-duration assets have more volatility when interest rates move. The portfolio manager also recommends value assets on the equity and fixed-income sides. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date […]
In a blow to Intel (INTC) and AMD (AMD), China has asked its largest telecom carriers to phase out foreign chips from their networks by 2027, according to a Wall Street Journal report. With shares of Intel and AMD sinking on the news, Yahoo Finance reporter Akiko Fujita joins Yahoo Finance to discuss the latest Chinese effort to remove America from its technology. Despite US export controls aimed at Huawei’s semiconductor capacities, the Chinese technology company is still able to produce chips for Chinese telecom carriers. China constitutes a large share of Intel and AMD’s revenue, though only some of the demand comes from telecommunications and data centers. #news #youtube […]
Google (GOOG, GOOGL) has announced the development of a new custom-built server chip based on Arm Holdings (ARM) technology. The CPU dubbed “Axion” is a chip that the tech giant has designed in-house. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance #google #alphabet #yahoofinance
