Archive List for FX

Expect a ‘new normal’ in 2024, Economist says

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#inflation #economists #yahoofinance #consumerspending Despite inflation and higher interest rates, consumers still increased their holiday spending, according to the latest data from Mastercard. RSM Economist Tuan Nguyen isn’t surprised given the excessive savings Americans built up during the pandemic. Nguyen believes that 2024 will be the year a “new normal” sets in, with the US economy achieving a soft landing with growth rates returning to pre-pandemic levels. However, Nguyen argues that over the coming years, inflation will be higher because “demographic changes, labor shortages, and re-globalization will lead to some more pressure on prices.” For more expert insight and the latest market action, click here to watch this full episode […]

Holiday retail sales will be ‘most surprising’ in 3 years, economist says

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#holidays #holidayshopping #retail #unemployment #yahoofinance The US Misery Index — a composite measurement of unemployment and inflation rates — is on track to end 2023 at 6.8%, its lowest level since the COVID-19 pandemic. While consumers continued to spend through the holiday shopping season, how is the Misery Index becoming apparent in consumer sentiment? Robertson Stephens Chief Economist Jeanette Garretty details the trends seen in recent consumer spending patterns and the data that may serve as a “check engine light” in 2024. “There is very little… economic evidence that consumer sentiment directly feeds into those near-term spending patterns — it is really driven by income. Income is up,” Garretty explains […]

Biden’s biggest challenges in the 2024 election

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Yahoo Finance Senior Political Columnist Rick Newman breaks down some of the challenges facing President Biden as he fights to get reelected in 2024 amid high food prices, inflation, and low approval ratings. #youtube #2024election #stockmarket 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 life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

Fed outlook for interest rates in 2024 and economic factors that could indicate a soft landing

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The Federal Reserve has been at the center of much of the discussion throughout Wall Street for 2023, speculating the nature of monetary policy decisions and their forward impacts. The discussion persists into 2024 as inflation appears to be cooling down, and it becomes increasingly likely the Fed plans to cut interest rates. GLOBALT Investments Senior Portfolio Manager Keith Buchanan and Interactive Brokers Chief Strategist Steve Sosnick join Yahoo Finance to discuss the Fed’s potential next moves and some of the factors that could indicate a soft landing for the economy in 2024. Buchanan mentions financials as one sector that could deal with most scenarios: “We’re looking selectively, we’re warming […]

How rate cuts could impact stocks in 2024, plus why investors should consider ‘dividend aristocrats’

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As the last trading day of 2023 comes to a close, investors are eagerly looking ahead to 2024 for new investment opportunities. 2023 was the year of the Magnificent Seven and the S&P 500 (^GSPC), but is there something new to consider ahead of cooling inflation and potential interest rate cuts? Roundhill Investments Chief Strategy Officer Dave Mazza joins Yahoo Finance Live anchors Madison Mills and Julie Hyman to give insight into what is being referred to as “dividend aristocrats” and why they should be considered for investor portfolios in 2024. “So a dividend aristocrat is a company that has increased their dividend each and every year for 20 or […]

Stocks: Value stocks vs. growth stocks: Good Buy or Goodbye

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In the latest edition of Yahoo Finance’s Good Buy or Goodbye, Julie Hyman is joined by Interactive Brokers Chief Strategist Steve Sosnick to weigh the benefits of choosing to invest in value stocks over growth stocks, outlined by thematic performances seen in 2023. “The Russell 1,000 value, which is what [the Vanguard Russell 1000 Value Index Fund ETF (VONV)] is based on, has a [price] of about 15… almost 16… so it’s really not very expensive,” Sosnick says on a value stock portfolio. “There is not a lot of downside from that regard. and the expectations for earnings are relatively modest. Call it about 5% is what that forward PE […]

Magnificent 7 and AI will continue to dominate in 2024, says analyst Ray Wang

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The Magnificent Seven stocks — Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG, GOOGL), Amazon (AMZN), Meta (META), Tesla (TSLA), and Nvidia (NVDA) — dominated the tech landscape in 2023, and Constellation Research Founder and Principal Analyst R “Ray” Wang believes they could “definitely” continue leading into 2024 after driving two-thirds of the S&P 500’s (^GSPC) gains. Wang attributes their outperformance to AI, digital networks, and unmatched revenue growth. These core strengths with wide enterprise adoption position them to maintain index sway. Beyond the Magnificent Seven, Wang highlighted other names like Oracle (ORCL) and ServiceNow (NOW) also poised to “benefit from the AI boom.” For more expert insight and the latest market […]

Fed rate cut outlook for 2024, plus what it could mean for markets and the economy

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As the final trading day for 2023 commences, Wall Street is looking forward to 2024 when many believe the Federal Reserve will begin to cut interest rates. What could the fallout look like if the Fed begins to cut too early or too many times in this economic environment? Unlimited Co-Founder, CEO, and CIO Bob Elliott joins Yahoo Finance to give insight into the Fed’s looming rate decisions and the impacts they could have on the overall stock market. “Any time the Fed quickly cuts interest rates is a time you don’t want to be holding stocks, and so I think there’s a real disconnect between what we see priced […]

Oil heads for biggest annual drop since 2020

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Crude oil futures (CL=F, BZ=F) are ticking up Friday morning, the final trading day of 2023, but it is still on course for its biggest annual drop in three years. Yahoo Finance Market Reporter Jared Blikre tracks the path oil prices have taken in 2023, a year wrought with geopolitical conflicts, OPEC’s production cuts, and energy sector M&A. #OIL #stockmarket #youtube 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 life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or […]

Warren Buffett’s stock picks in 2023, plus what to expect in 2024

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Warren Buffett, CEO of Berkshire Hathaway, (BRK-A, BRK-B) enters the new year with over 40 holdings in the company’s portfolio—including Occidental Petroleum (OXY), Apple (AAPL), and BYD (BYD). While these stocks attracted attention due to Berkshire’s positions, Buffett’s traditional investment style, focusing on solid fundamentals, contrasts with the high valuations and non-traditional nature of A.I. plays. Yahoo Finance’s Brian Sozzi and Bradley Smith take a closer look at potential shifts in Buffett’s investment strategy and whether A.I could be in view. 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 […]