Archive List for News

Google parent Alphabet (GOOGL, GOOG) reported third quarter results that topped Wall Street expectations. The tech giant reported adjusted earnings of $1.55 per share versus estimates of $1.45 and revenue of $64.05 billion compared to expectations of $63.04 billion. Revenue for its cloud unit, however, fell short, $8.41 billion compared to the estimate of $8.6 billion. Roth MKM Managing Director Rohit Kulkarni joins Yahoo Finance anchors Julie Hyman and Josh Lipton to break down earnings. Kulkarni describes the quarter as having “a lot of positives with a slight yellow flag.” When it comes to AI, Kulkarni describes how Google is considered a “godfather of AI,” but that they “lost the […]

Microsoft (MSFT) shares are popping after the tech giant reported a fiscal first-quarter earnings beat. Baird Technology Desk Sector Strategist Ted Mortonson joins Yahoo Finance Live anchors Julie Hyman and Josh Lipton to weigh in on the report and what direction Microsoft will be taking with its products and software. Mortonson says Microsoft’s rebounding Azure cloud growth signals it’s moving past optimization and leaning toward more aggressive “investing in core generative AI” capabilities. 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 […]

While General Motors (GM) pulled through with a third-quarter earnings beat, CFO Paul Jacobsen admitted that the United Auto Workers (UAW) strike led the automaker to pull back on its 2023 guidance, already costing the company over $800 million. UAW picket lines expanded its picket lines on Tuesday, targeting GM’s full-size SUV plant in Arlington, Texas. Autoblog Editor-in-Chief Greg Migliore and CFRA Analyst Garrett Nelson compare the current auto workers’ strike with the 2019 strike and how each Big Three automaker — GM, Ford (F), Stellantis (STLA) — is positioned in the labor negotiations. “What you’re seeing more recently is the UAW walking out at the really high-margin plants of […]

JPMorgan Chase CEO Jamie Dimon warned about the Fed Reserve’s economic forecast at a conference in Saudi Arabia, calling Fed regulators “100% dead wrong” on their track record over the past 18 months. Tim Urbanowicz, Innovator Capital Management ETF Head of Research, reacts to Dimon’s comments on future interest rate hikes and how rates could be influencing Treasury yields. “There’s a very strong case right now that interest rates are restrictive,” Urbanowicz tells Yahoo Finance. “We’re at this point where we need to wait and see what the damage looks like with those hikes, but I think [Dimon is] exactly right in that it’s really about how long rates stay […]

The 30-Year fixed mortgage rate is quickly approaching 8% for many potential home buyers. Meanwhile, prices for new homes continue to rise, and inventory remains low, making both new and existing home owners reluctant to buy. According to the National Association of Realtors (NAR) existing-home sales dropped 15% in September on a year-over-year basis. This provides a miserable mix for the housing market that makes many believe the market has entered an early winter. David Mericle, Goldman Sachs Chief US Economist in Global Investment Research, joins Yahoo Finance to break down the impact all of this has on the housing market and what it will look like in the near […]

Treasury yields orbit 5% just as Fed regulators seek clarity as to whether or not to hike interest rates in the final months of 2023. RBC Capital Markets Head of Rates Strategy Blake Gwinn details the Fed’s mindset and why it may seem “very reluctant to continue rising rates.” “If longer-term rates are moving up and these mortgage costs and other ways it impacts the economy, if those are starting to get tighter and those financial conditions are tightening on their own, we need to do less,” Gwinn explains to Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo […]

One of Wall Street’s most-watched recession indicators is the inverted yield curve. An inverted yield curve is when the yield on a shorter duration Treasury, such as the 2-year, are yielding more than those on a longer duration, such as the 10-year. The yield curve has been inverted for several months, but now it’s starting to “uninvert,” In the video above, Yahoo Finance’s Josh Schafer explains why it’s important for investors to take note. 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 […]

The annual Davos in the Desert conference is being held in Saudi Arabia, with top bank executives and investors expressing pessimism about the global economy’s trajectory. Ongoing Middle East conflicts ranked among their chief concerns. BlackRock’s Larry Fink stated that war breeds societal despair, which leads to “contractions in economies.” Yahoo Finance’s Seana Smith and Brad Smith delve into the dismay surrounding the global economy, discussing issues like oil cuts in Saudi Arabia and Russia, along with worries about geopolitical tensions. 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 #bank #yahoofinance About […]