Archive List for News

Surging retail sales showed resilient consumers, with 9 of 13 categories rising month-over-month. Yahoo Finance’s Josh Schafer reports on this story and weighs in the possibility of the a Fed rate hike in December. 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 life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover […]

Homebuilders aren’t feeling as confident as they used to. The October National Association of Home Builders/Wells Fargo Housing Market Index fell to 40, the lowest level since January. Anything below 50 indicates negative sentiment. Higher mortgage rates have weighed on builders, with the survey noting some are starting to trim prices in a bid to attract buyers. Yahoo Finance Live discusses the report. 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 life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get […]

Bank of America’s (BAC) third-quarter earnings show profits rose up to 10% year-over-year, citing a boost from higher interest income and a strong performance from its Wall Street unit. Yahoo Finance anchors Seana Smith and Brad Smith break down the bank’s earnings figures and top takeaways from its earnings call. 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 life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert […]

An explosive testimony from FTX’s former Head of Engineering Nishad Singh was heard by prosecutors today. Singh, also a former high school classmate of defendant Sam Bankman-Fried, is one of three top executives who have already pleaded guilty to multiple fraud charges and have agreed to cooperate with the prosecution. Singh walked the prosecution through conversations with Bankman-Fried that illustrate the FTX co-founder’s original intent to commit fraud. Yahoo Finance reporter Alexis Keenan details Singh’s testimony and what it means for the prosecution’s case. 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 […]

“Major retailers have felt the brunt of retail theft — commonly referred to as retail shrink — with organized retail crime reportedly costing stores over $112 billion in inventory losses in 2022, according to the National Retail Federation. Home Depot (HD) Vice President of Asset Protection Scott Glenn sits down with Yahoo Finance to discuss where these pressures are showing up in consumers’ receipts and how retailers are partnering with lawmakers to crack down on retail theft. “”There’s two sides to it — there’s the supply chain side of it… [which] certainly puts pressure on all of us in terms of keeping our shelves full, keeping product available for the […]

Stocks started the week on an upbeat note as investors gear up for third quarter earnings. With the next Federal Reserve meeting less than a month away investors are still debating if there will be a recession or if the central bank can pull off a soft landing. Thrivent CFO & CIO David Royal joins Yahoo Finance to discuss his theory as to why, despite current headwinds, the U.S economy is ready for a “”slow take off.”” Royal gives a suggestion for investors to keep their eyes on if he’s correct: “”Areas that we find attractive in this market, if I’m right and we are going through a slow take […]