Archive List for News

SoFi cites student loan repayments in Q3 earnings beat

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yahoo finance

SoFi (SOFI) shares jumped on better-than-expected third-quarter earnings results, boosted by the return of federal student loan payments. Dominick Gabriele, Oppenheimer Executive Director and Senior Analyst of Equity Research – Fintech & Specialty Finance, is “surprised” by how much of an influence the impact of student loan repayments has been on the company’s stocks. Considering that student loan repayment resumed this month, Gabriele notes that personal loan origination growing by 100% was “much faster” than analysts expected. 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 #SOFI #stockmarket About Yahoo Finance: At Yahoo […]

Why Treasury bonds could be ‘bigger issue’ for markets than Fed

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yahoo finance

A huge week lies ahead for investors watching the Federal Reserve’s interest rate announcement, the Treasury Department’s bond issuance, and more earnings reports rolling out. All of these headline events come as the broader market dips into a technical correction, making many investors nervous as to what this means for future investments in the short term. Annex Wealth Management Chief Economist Brian Jacobsen joins Yahoo Finance to discuss what this week holds in store for the market, and how investors should frame this as an opportunity. “The refunding issue, that’s a little bit bigger issue as the amount of debt the government is issuing. The Fed has stepped out as […]

Sam Bankman Fried admits to ‘significant oversights’ in FTX testimony

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yahoo finance

On Friday, October 27, Sam Bankman-Fried took the stand and testified under oath in private for over 5 hours. The former FTX CEO admitted, in his own words, that he made “significant oversights” during his tenure, but stood firm that he did not steal from customers or commit fraud. SBF will take the stand once again on Monday, October 30, as the trial continues. Ice Miller LLP Partner Jarrod Loadholt joins Yahoo Finance anchors Rachelle Akuffo and Akiko Fujita to discuss the fraud trial, SBF’s initial testimony, and what it means for both sides of the case. “One of the things I find most interesting is, as someone who has […]

Americans can’t stop spending amid high interest rates, student loan payments, and recession fears

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yahoo finance

U.S. consumer spending is finding resiliency in recreation, as more Americans continue to seek out experiences and dine out. Yahoo Finance Live co-hosts Akiko Fujita and Rachelle Akuffo break down Monday’s chart of the day and whether American consumer spending can withstand higher for longer interest rates and other economic headwinds.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. 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 […]

Apple & AMD: What to expect from Q3 tech earnings this week

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yahoo finance

The S&P 500 (^GSPC) has seen 2.7% growth from third-quarter earnings tied to Big Tech stocks. Yahoo Finance Live’s Rachelle Akuffo and Akiko Fujita preview the earnings expectations for chipmaker Advanced Micro Devices (AMD) — which is set to report earnings on Tuesday, October 31 — and Apple (AAPL) — reporting on Thursday, November 2. 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 manage your financial […]

NerdWallet CEO talks NerdUp card bolstering consumer credit

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yahoo finance

Americans are becoming increasingly concerned about their credit scores, with nearly a quarter of U.S. consumers citing bad credit scores as detracting from reaching financial goals according to a Harris Poll. NerdWallet (NRDS) is offering its new NerdUp credit card for the purpose of boosting Americans’ credit scores. NerdWallet CEO Tim Chen explains the importance of providing aid and bolstering credit scores, while also commenting on U.S. consumers’ spending trends. “We really want to register users, engage them, and help them improve their credit scores,” Chen tells Yahoo Finance. “After six, 12 months, the hope is that people will start establishing a credit history. People, especially like new immigrants, recent […]

Treasury Dept. expected to issue $114B in bonds amid elevated yields

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yahoo finance

The U.S. Treasury Department will be issuing $114 billion in bonds — at a time when Treasury yields are spiking and flirt with 5% rates — on Wednesday ahead of the Fed’s November interest rate decision. Yahoo Finance Senior Reporter Jared Blikre monitors how Wall Street is reacting to this rising bond supply and expectations on the Fed’s rate strategy. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #stockmarket #yahoofinance 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 […]

Broadcom, VMware says deal closing ‘soon,’ awaits China’s OK

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yahoo finance

Broadcom (AVGO) plans to acquire VMware (VMW) in a $61 billion agreement that the companies hope to finalize soon. However, the deal faces potential delays in getting approval from Chinese regulators. The deadline for clearance from China is November 26th. Yahoo Finance’s Seana Smith and Brad Smith break down the details of this morning mover. 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 manage your financial […]

S&P in correction territory: Analyst discusses what lies ahead for investors

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yahoo finance

Last week, the broader market fell into a decline, moving into technical correction territory with the S&P 500 down 10% from its peak in July. The correction comes from a mix of reactions to higher for longer interest rates, Treasury bond yields, and mortgage rates which continue to increase. With a Federal Reserve decision, Treasury borrowing plans, and continued earnings pressure on the horizon, investors are overwhelmed by all the changing variables and what it means for the markets. NewEdge Wealth Chief Investment Officer Cameron Dawson joins Yahoo Finance anchors Seana Smith and Brad Smith to break down what all these events will mean for the market and how they […]

Suspect arrested in deadly Halloween weekend shooting in Tampa

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CNBC

A suspect has been arrested after a shooting during Halloween weekend celebrations in Tampa, Florida, police announced on Sunday. Two people were killed and 16 others were injured in the incident. NBC News’ Guad Venegas 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 in breaking news, live video coverage, original journalism and segments from your favorite NBC […]