Archive List for News

U.S. GDP grew at an annual rate of 4.9% in the third quarter of 2023, its fastest pace in two years. What does this mean for American workers and how should voters be feeling about this? Yahoo Finance Senior Columnist Rick Newman discusses what this means for President Biden’s approval rating under his Bidenomics policies, while also commenting on Former Congressman Dean Phillips’ (D) intent to challenge Biden in the Democratic primary election. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #yahoofinance #stockmarket #Biden Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get […]

This segment originally aired on October 27, 2023. Ford (F), General Motors (GM), and Tesla (TSLA) are all warning there may be tough times ahead for the U.S. electric vehicle market. It come after more than 313,000 EV’s were sold in the U.S. in the third quarter, a new record, according to data from Cox Automotive. Yahoo Finance Senior Autos Reporter Pras Subramanian explains why this may be a tipping point for U.S. EV sales. 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 […]

Consumer spending remains resilient, as evidenced by the latest earnings reports from major credit card companies Visa, Mastercard and American Express. All three reported growth in spending volumes across their customer bases last quarter, signaling that consumers are still opening their wallets despite high inflation and economic uncertainty. Ted Rossman, Senior Industry Analyst at Bankrate, spoke to Yahoo Finance anchor Rachelle Akuffo about rising debt levels, rising prices, and the strong job market fueling continued growth in credit card spending. Rossman believes credit card companies are “having a strong year”, despite big fears of delinquencies and defaults. “Honestly, from a bank standpoint, this is almost the best possible environment. This […]

Massive mergers between 4 major oil companies have been announced in October alone — Chevron’s (CVX) proposed buyout of Hess (HES) for $53 billion, ExxonMobil’s (XOM) acquisition of Pioneer Natural Resources (PXD) for $59.5 billion. With the International Energy Agency (IEA) predicting that peak oil demand will hit in 2030, questions arise as to what will these companies do if international and domestic green energy initiatives to go carbon neutral are met. Lipow Oil Associates President Andy Lipow joins Yahoo Finance to break down what these mergers will entail for these companies and their strategies going forward. “The question is can clean energy be delivered to the consumer at a […]

Oil (BZ=F, CL=F) rose this week on escalations in the Middle East. Solar stocks, on the other hand, saw a their shares prices decline despite the green energy push, with some companies saying they expect weak demand for solar products. Neil Dingmann, Truist Securities Managing Director – Energy, and Pavel Molchanov, Raymond James Managing Director, join Yahoo Finance to break down the current energy sector environment and give insight into the future of the these markets both near and long-term. Dingmann on the near-term outlook for big oil states: “I think its going to be a bit more of the same. That is, these companies now are turning into, or […]