Archive List for News

Sam Bankman-Fried guilty on all charges including wire fraud, securities fraud, and money laundering

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yahoo finance

A New York City jury convicted FTX founder Sam Bankman-Fried of fraud on Thursday after less than 5 hours of deliberation. He was found guilty of all 7 charges, with sentencing to take place on March 28, 2024. Bankman-Fried may also have to face another set of criminal charges that allege he committed bank fraud and bribed Chinese officials. Yahoo Finance Legal Reporter Alexis Keenan joins the Live show to break down everything involved in the trial and the decision handed down by the jury. 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 […]

October jobs report is ‘rock solid…the Fed is done hiking rates,’ economist says

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yahoo finance

October’s jobs data came out cooler than expected Friday morning, reporting nonfarm payroll growth of only 150,000 jobs — short of economist estimates of 180,000. The unemployment rate rose slightly to 3.9% while wage growth rose to 4.1%. Is this softening in the labor market good for the economy or just good for the Fed’s monetary policy? The Conference Board Chief Economist Dana Peterson and RSM Chief Economist Joe Brusuelas share their views on the cooling jobs data, which Peterson characterized as “the same story” coming out companies and their hiring practices, which is setting the stage for a “short and shallow recession in the first half of next year.” […]

Oct jobs report: US economy adds 150,000 jobs, unemployment rises as auto strikes impact labor force

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yahoo finance

Yahoo Finance anchors Brad Smith and Akiko Fujita break down the jobs report for October 2023. The US economy added 150,000 jobs in October while the unemployment rate ticked higher to 3.9% indicating signs of a slowing labor market after a robust September report. Economists surveyed by Bloomberg had expected 180,000 jobs were added in October while also projecting the unemployment rate would remain flat. The Bureau of Labor Statistics cited a decline in manufacturing due to “strike activity,” amid the United Auto Workers strike across plants at three major auto manufacturers. Employment in the manufacturing sector decreased by 35,000 in October due to the strike activity, per BLS. Earlier […]

Tensions on college campuses escalating amid Israel-Hamas war

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CNBC

At Tulane University in New Orleans, pro-Israel students and a pro-Palestinian group got into an altercation just off campus. NBC News’ Stephanie Gosk spoke with the school’s president on how the university is balancing free speech and keeping students safe. » 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 […]

Video appears to show Israel Defense Forces abusing detained Palestinian men

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CNBC

A video appears to show a group of Palestinian men being abused by Israeli soldiers. The Israel Defense Forces tell NBC News that the conduct is “deplorable” and they are investigating. It is not exactly clear when or where the incident took place. It comes as violence by Israeli settlers against Palestinians is sharply increasing, following the Hamas terror attacks on October 7. Richard Engel 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, […]

Moderna CEO discusses earnings and how the company aims to break even by 2026

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yahoo finance

While boasting a third-quarter revenue beat, biotech firm Moderna (MRNA) reported an overwhelmingly higher-than-expected loss of $9.53 per share. Its shares find themselves under pressure over weakening COVID-19 vaccine demand. Moderna’s Chief Financial Officer Jamey Mock joins Yahoo Finance’s Anjalee Khemlani to discuss the company’s forward strategy. Mock notes that the company aims to “break-even by 2026,” acknowledging investors’ concerns. Mock’s optimism for the 2026 deadline is based on “organic growth opportunity” in the late-stage product pipeline with plans to introduce RSV and flu vaccines in the coming years. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube […]

U.S. and China: Sec. Yellen says U.S. needs to focus on other Indo-Pacific countries

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yahoo finance

U.S. President Joe Biden and Chinese President Xi Jinping are slated to meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. The two leaders are expected to talk about a range of topics including nuclear armaments and trade. The talks have been emphasized after Secretary of the Treasury Dept. Janet Yellen made remarks on how the U.S. “does not seek to decouple from China”, but should be considerate of its stance on human rights and national security. China Beige Book Co-Founder and CEO Leland Miller joins Yahoo Finance to discuss U.S.-China relations as well as the challenges the Biden administration has in its policies toward […]

Block earnings top estimates, issues upbeat guidance.

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yahoo finance

Block (SQ) reported third-quarter results that topped Wall Street estimates on both the top and bottom lines. The fintech company reported adjusted earnings of $0.55 per share compared to estimates of $0.45 cents and revenue of $5.62 billion versus expectations of $5.47 billion. The company also raised its full-year adjusted EBITDA forecast for 2023 and issued upbeat guidance for 2024. Yahoo Finance Live breaks down the report. 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 […]

Apple earnings top expectations, Investors can ‘breathe a sigh of relief’ on Q4 results: Analyst

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yahoo finance

Apple (AAPL) reported fiscal fourth-quarter results that topped Street expectations. The tech giant reported earnings per share of $1.46 compared to estimates of $1.39 and revenue of $89.50 billion versus estimates of $89.35 billion. The results got a boost from better-than-expected iPhone sales and its services segment. Greater China sales missed analyst estimates, however. Tom Forte, D.A. Davidson Managing Director and Senior Research Analyst, discusses Apple’s earnings results ahead of its earnings calls and the challenges the iPhone maker is seeing in device sales and China. “The 2% decline in China is a concern and China is about 20% of revenue for Apple,” Forte tells Yahoo Finance. “But, again, investors […]

Sam Bankman-Fried fraud trial got ‘worse everyday’ for FTX CEO: Journalist

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yahoo finance

The FTX trial against Sam Bankman-Fried is beginning to wrap up as the jury deliberations are underway. The prosecution has finished their cross-examination of SBF, to which some courtroom attendants have reported that it is looking incredibly tough for the defense. Zeke Faux, Bloomberg Investigative Reporter and Number Go Up Author, joins Yahoo Finance to share his observations on the trial, describing the prosecution as “basically going for almost bonus points here, where they’re trying to argue that even if you only listen to the words of Sam Bankman-Fried, that itself is enough to convict.” For more expert insight and the latest market action, click here to watch this full […]