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The Federal Reserve has left interest rates unchanged, maintaining a target range for the federal funds rate at 5.25 to 5.5%. In the statement, FOMC officials say the Committee “judges that the risks to achieving its employment and inflation goals are moving into better balance.” The March release also includes an updated Summary of Economic Projections. That release shows nine officials see three rate cuts in 2024. Yahoo Finance Federal Reserve Reporter Jennifer Schonberger reports on the Fed’s decision. #youtube #FederalReserve #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 […]

Saudi Aramco CEO Amin Nasser told attendees at CERAWeek by S&P Global, a global energy conference, that global leaders should “abandon the fantasy of phasing out oil and gas.” When asked about those comments, ExxonMobil Chairman and CEO Darren Woods (XOM) tells Yahoo Finance’s Julie Hyman that things like wind and solar power and the rise of EVs are a “necessary but not sufficient set of solutions” to the energy transition. Instead, Woods proposes a “broader” set of solutions is needed, including things like carbon capture and storage, hydrogen, and biofuels. Woods credits the Inflation Reduction Act (IRA) for opening “the aperture on other opportunities to reduce emissions above and […]

According to the latest Consumer Price Index (CPI) reading, the rise in grocery costs has decelerated significantly more than dining costs. Yahoo Finance Retail Reporter Brooke DiPalma joins the Live show to detail McDonald’s leading in the breakfast category compared to other fast food chains. #youtube #mcdonalds #food 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: […]

According to a report from Bank of America, US worker productivity has hit an all-time high. As productivity has increased, wage growth year-over-year has also seen a slight increase, meaning consumers are willing to spend more. Yahoo Finance Markets Reporter Josh Schafer joins the Live show to break down why the results do not comprise an ‘inflationary problem’ and how productivity can help company margins. #youtube #stockmarket #work 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 […]

Cyberattacks — whether from rogue hacking groups or organized state actors — are becoming increasingly sophisticated due to the integration of artificial intelligence. Ahead of the presidential elections occurring around the world in 2024, cybersecurity firms like CrowdStrike (CRWD) are prepping themselves for the oncoming wave of hackers. As I say, you can’t fight fire of a house fire with a garden hose — the AI that’s being developed now, using generative AI for attacks is very hard to get away,” Bess explains. “It’s not just deep fakes where people are… imitating somebody’s voice. It’s very creative ways to get around a lot of the security that customers are fatigued […]

The amount of Americans who are 401(k) millionaires — those holding $1 million or more in their retirement funds — jumped up by 20% in the final months of 2023. Yahoo Finance readers had a lot to say about this news, even offering an array of financial advice for younger workers seeking to save. Yahoo Finance Columnist Kerry Hannon details the response to her latest story, highlighting some of the strategies for maxing out 401(k) savings. #youtube #401K #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. – […]

The amount of Americans holding at least $1 million in their 401(k)s grew by 20% between September and December 2023, according to Fidelity Investments. Yahoo Finance Columnist Kerry Hannon joins the Live show to discuss the savings strategies this group of individuals have in common, also discussing the results of the American College of Financial Services’ latest financial literacy survey. #youtube #stockmarket #yahoofinance 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 […]

Elevated mortgage rates remain above 7%, putting the squeeze on potential US homebuyers who are already feeling inventory and price pressures. But is there a tax benefit that takes into account and deducts home mortgage interest? Yahoo Finance Reporter Rebecca Chen explains the concept of mortgage interest deductions that taxpayers can itemize as the housing market is compounded by higher rates and average home prices. 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 […]