Voters across America are deciding between electing Vice President Kamala Harris and former President Donald Trump as the 47th US president. Evercore senior strategist Matthew Aks joins Market Domination to break down what each candidate’s respective policy agendas would mean for markets and the economy. “I think there are a few clear spots where you’re going to see major differences between Trump and Harris show up quite quickly,” Aks told Yahoo Finance. He notes that if Harris were to win, sectors like energy, healthcare, and financials could benefit. Conversely, a Trump win could lead to “big structural shifts” in areas like tariffs and immigration policy. However, Aks believes the federal […]
Markets closed the day in the red on Monday as investors are gearing up for a week of potentially huge market-moving events, including the US presidential election and the Federal Reserve’s next policy decision. The S&P 500 (^GSPC) dipped 0.28% while the tech-heavy Nasdaq Composite (^IXIC) fell a third-of-a-point, and the Dow Jones Industrial Average (^DJI) fell over 250 points in the day’s session Piper Sandler Chief Investment Strategist Michael Kantrowitz joins Josh Lipton and Julie Hyman on Market Domination to discuss his market outlook ahead of a key week for Wall Street. When asked about what to watch over the next few days Kantrowitz says “there’s quite a bit […]
The bond market bounces higher after the better-than-expected September jobs report indicated the labor market may be stronger than previously expected. George Catrambone, head of fixed income and head of trading at DWS Group, joins Julie Hyman and Josh Lipton on Market Domination to outline his view that the Federal Reserve’s September 50 basis cut may have been preemptive and what it means for the fixed income market going forward. He says the Fed may have been too eager to cut 50 basis points at the September meeting, explaining, “I think they were in front, and I think it’s too early to call it a policy error. But the data […]
Middle Eastern conflict has escalated following Iran’s missile strike on Israel on Tuesday. Eurasia Group Founder & President Ian Bremmer joins Market Domination to discuss the aftermath of this intensifying geopolitical situation. Bremmer notes that Iran’s strike on Israel was “significantly greater” and posed considerably more danger than the strike back in April, when the Iranians sought to retaliate for the assassination of a leader in Tehran. He points out that the strike on Israel was telegraphed to the Americans, allowing Israel to implement defenses and safety measures. As a result, Bremmer observes, “it was very hard for Iranians to cause any significant damage.” “They clearly tried to meet in […]
#travel #fall #autumn #yahoofinance If summer travel was too pricey for you, it may be worth considering traveling during the fall. Yahoo Finance Senior Columnist Kerry Hannon joins Wealth! to break down some of the top destinations for fall travel and how you can secure the best deals. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl Yahoo Finance: Market Coverage, Stocks, & Business News About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial […]
New data from Principal reveals that less than 50% of Americans believe they can manage their current finances while also planning for the future. Principal’s President of Retirement & Income Solutions Chris Littlefield discusses why this perception may not reflect reality for most people. Littlefield points out that inflation has significantly impacted American consumers. The combination of rising prices and the depletion of pandemic savings is causing individuals to “really feel that stress,” he says. While many Americans may feel that saving for retirement while managing current finances is unattainable, Littlefield notes there is still “a big effort” among Americans to save. However, Littlefield highlights a concerning gender gap in […]
The Federal Reserve’s recent 50 basis point rate cut in September has investors speculating about the central bank’s future rate-cutting path as the November meeting approaches. With rates trending downward, Claris Financial Advisors Founder Lee Baker joins Wealth! to discuss the impact of lower rates on personal finances. Baker explains that rate cuts have a dual effect on individual finances. First, they lead to lower returns on savings accounts, including high-yield options. Second, they result in reduced interest rates on debt, potentially allowing individuals to save more on their borrowings. For those with high-yield savings accounts, Baker advises careful consideration of financial needs before making any changes to investment strategies. […]
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