Archive List for News

PwC released its 2023 Holiday Spending Outlook, which showed 40% of consumers plan on spending more than they did last year. Some surprises from the outlook include an increase in spending from Gen-Z versus baby boomers, who plan to spend 4% less than last year, as well as Gen-Z’s proclivity to shop in-person. Kelly Pedersen, PwC US Retail Leader, joins Yahoo Finance anchors Josh Lipton and Julie Hyman to break down the outlook and what trends are emerging from consumers for the upcoming holiday shopping season. Pedersen summarizes many of the trends, saying “we are seeing this movement towards a younger generation of shoppers and their willingness to spend more […]

United Auto Workers President Shawn Fain gives a speech regarding plans for union workers to walk off the job at new plants. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #UAW #youtube #stockmarket 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 research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn […]

The September jobs report came in hotter than expected, with 336,000 jobs added to the U.S. economy. What does this mean for the Federal Reserve’s future rate hikes? Citi Global Economist Robert Sockin joins Yahoo Finance Live to discuss. “On balance, it puts the Fed in a difficult spot because, on the one hand, they’re seeing very strong labor demand and very strong hiring,” Sockin says, “[and] on the other hand, you also saw wage growth come in a bit softer than expected.” Sockin believes that while the jobs report encourages the case for another rate hike, “it doesn’t guarantee it given that you’re getting some mixed signals on the […]

Chipmaker Taiwan Semiconductor (TSM) shared falling revenue in the month of September, asserting the declines were better than expected. Yahoo Finance Live’s Akiko Fujita and Rachelle Akuffo monitor the stock action surrounding the chip company and its competitors amid artificial intelligence trends and lags in the PC market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #AI #youtube #stockmarket 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: […]

Tesla (TSLA) is trimming the costs of its Model 3 and Model Y EVs. Most versions of the Model 3 are getting a price cut of $1,250, while the long-range version of the Model Y SUV is now $2,000 cheaper. It comes after the EV maker reported third quarter deliveries that missed expectations. Yahoo Finance Live discuss the latest price cuts. 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 #Tesla #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction […]