In a stark contrast from OPEC’s forecast for 2024, the International Energy Agency has projected oil demand growth (CL=F, BZ=F) to ease to 1.2 million barrels per day in 2024, which is nearly a 50% reduction from the 2.3 million barrels per day in 2023. The IEA cites economic headwinds, geopolitical conflicts, and potential reduction in demand due to EVs. Yahoo Finance Reporter Ines Ferré joins the Live show to break down the latest development in the energy sector. #youtube #OIL #yahoofinance 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 […]
While the crypto world is abuzz with excitement after the Securities and Exchange Commission (SEC) approved trading of spot bitcoin ETFs, traditional investors are still awaiting further regulatory precautions before going in on crypto assets, according to a Harris Poll on Grayscale’s behalf. Grayscale CEO Michael Sonnenshein — whose company runs its own bitcoin trust ETF (GBTC) — sits down with Yahoo Finance’s Julie Hyman and Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss these poll results surveying American voters and whether crypto is on voters’ minds when casting their in the 2024 US presidential election. “When it comes to new technologies like crypto, like bitcoin, […]
In a memo, Alphabet (GOOG, GOOGL) CEO Sundar Pichai warned employees of additional job cuts to come in 2024, after laying off over 100 workers at YouTube. Not entirely exclusive to Big Tech, companies like Amazon (AMZN) and BlackRock (BLK) have also expanded plans for layoffs. Yahoo Finance Live anchors Seana Smith and Brad Smith explore the Google parent company’s outlook. 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 […]
The Consumer Financial Protection Bureau is trying to clamp down on overdraft fees issued by the nation’s largest banks. CFPB Director Rohit Chopra joined Yahoo Finance’s Jennifer Schonberger to discuss the proposed overdraft fee changes, noting they aim to empower consumers to “manage their overdraft loans more effectively,” though the proposals do not eliminate them entirely. Chopra says banks have displayed “a lot of abuse” around overdraft fees, fueling a “billion dollar bonanza.” He argues these new rules look to “close a longstanding loophole” and force fairer, upfront terms for customers. While banks “will always look to find profits everywhere they can,” Chopra calls the CFPB proposal “quite reasonable.” Chopra […]
Bank of America (BAC) CEO Brian Moynihan discussed what a soft landing means in today’s economy. Moynihan joined Yahoo Finance Live at the World Economic Forum in Davos on January 16, 2024. #yahoofinance #finance #news #youtubeshorts #youtube #shorts #shortsvideo #businessnews #business #stockmarket #financenews #worldeconomicforum #davos #2024 #bankofamerica #ceo #us #economy #outlook
Investors paid careful attention to Apple (AAPL) and Microsoft (MSFT) at CES 2024 (Consumer Electronics Show) as, for a brief moment, Microsoft took over as the most valuable company for the first time since 2021. Microsoft has made a lot of ground for investment and development of AI, from purchasing OpenAI to the buzz around ChatGPT, while Apple has been grappling with weaker iPhone demand, especially in China. Constellation Research Founder and Principal Analyst R “Ray” Wang joins Yahoo Finance to give insight into Apple’s AI strategy and share some of the latest tech innovations seen at CES. “What we’ve seen over the last couple of quarters is declining revenues […]
Intel (INTC) is stepping on the gas pedal on AI-enabled autonomous driving systems in an effort to penetrate the US auto market. Intel Automotive Vice President and GM Jack Weast sits down with Yahoo Finance’s Akiko Fujita at CES 2024 (Consumer Electronics Show) to discuss Intel’s AI chip integration to vehicle systems to create more unique and enhanced user experiences. “This new lineup of products brings the best of the AI PC and all the reliability of the data center into the vehicle so automakers can evolve their architecture away from fixed-function to software-defined and dynamic architectures going forward,” Weast says. #youtube #Intel #stockmarket About Yahoo Finance: Yahoo Finance provides […]
In the latest installment of Yahoo Finance’s Good Buy or Goodbye, Jared Blikre is joined by Constellation Research Founder and Principal Analyst R “Ray” Wang to review Magnificent Seven tech stock components Amazon (AMZN) and Microsoft (MSFT). Wang explains his bullish case for Amazon is enhanced by the diversity of the online retailer’s digital stream of income and its venturing into AI. “They’ve done $200 billion of investments and capital. that means the free cash flow has been really bad, but we’re now on the other end of that,” Wang says. “When we look at that, you’re going to see the ability for them to actually put that free cash […]
More trouble for Boeing (BA). At least seven passengers have filed a lawsuit against the company seeking unspecified damages after an exterior door plug ripped off during an Alaska Airlines (ALK) flight on January 5th. Yahoo Finance’s Alexis Keenan breaks down the details of the proposed class-action lawsuit. #youtube #Boeing #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 […]
BlackRock (BLK) announced a major deal on Friday — the acquisition of Global Infrastructure Partners for $12.5 billion as the asset management titan continues restructuring its core businesses. The agreement comes on the heels of BlackRock laying off employees earlier this week to cut costs amid market headwinds. Yahoo Finance’s Madison Mills breaks down the details, providing insights into BlackRock CEO Larry Fink’s plans for this partnership. #youtube #yahoofinance #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 – […]
