Archive List for Savings

Former Microsoft CEO Steve Ballmer says being a good listener is key to leadership

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yahoo finance

Steve Ballmer started at Microsoft (MSFT) as Bill Gates’ assistant in 1980, when he was employee number 30. He later went on to become its CEO at the height of the dot-com bubble. His unmatched energy and passion for all things Microsoft was on full display at his infamous product launches. Unfortunately for Ballmer, Microsoft’s stock price did not match that energy. He announced his retirement in 2013, after losing billions of dollars on acquisitions and on the Surface tablet. Microsoft’s stock price rebounded on the news, in part contributing to the billions he ultimately made in Microsoft employee stock options – enough to buy the Los Angeles Clippers. You […]

U.S. economy: ‘The consumer is really what’s going to make the difference,’ expert explains

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yahoo finance

The banking industry has been through a rough patch in 2023 with the collapse of several regional banks, increased regulations, and higher interest rates encouraged by the Federal Reserve. Citizens Vice Chair Brendan Coughlin joins Yahoo Finance to discuss what lies ahead as the financial sector deals with a looming credit crisis and an economic hard-landing scenario leading into 2024. “”There’s a lot of dynamics to face. I would say the resiliency and the strength of the consumer [is] still really strong despite all that, and I think there’s a chance that the strength of the consumer is really what’s going to make the difference in this economy in 2024 […]

Fed Chair on monetary policy: ‘Inflation is too high… and the path forward is uncertain’

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yahoo finance

The Federal Reserve announced Wednesday that it has decided to maintain interest rates in a range of 5.25%-5.50%. Federal Reserve Chairman Jerome Powell announced the decision this afternoon. Here are the top three takeaways investors need to know regarding the decision. 1. The Fed remains committed to return inflation to 2% (00:00:03) “Inflation is still too high. Ongoing progress in bringing it down is not assured, and the path forward is uncertain,” Powell said. “As we look ahead to next year, I want to assure the American people that we’re fully committed to returning inflation to our 2% goal.” 2. The Fed decided to maintain target range at 5.25-5.5% (00:00:39) […]

Can the Magnificent Seven continue to dominate in 2024?

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yahoo finance

The Magnificent Seven tech stocks — Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) — have dominated 2023’s headlines, as well as the S&P 500 (^GSPC). Continuously outperforming expectations in spite of higher interest rates, can these stocks keep their shine with the Federal Reserve signaling an end to rate hikes? Envestnet Co-Chief Investment Officer Dana D’Auria joins Yahoo Finance to discuss stock market forecasts for 2024 and provides alternatives to the Magnificent Seven for investors to put in their portfolios. D’Auria explains that since many companies have yet to figure out AI, it becomes “”a lot to expect, you’re pricing in […]

Stock market news: Stocks little changed as rate cut doubts set in December 15 | Yahoo Finance

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yahoo finance

Stocks moved into positive territory Friday, with the Dow pulling just over the flat line as the prospect of deeper and earlier interest-rate cuts continued to buoy Wall Street’s spirits. The Dow Jones Industrial Average (^DJI) ticked up 0.1%, or about 30 points, after the blue-chip index closed at a fresh all-time high Thursday. The S&P 500 (^GSPC) was virtually unchanged, while the tech-heavy Nasdaq Composite (^IXIC) gained 0.5%. Markets rejoiced after the Federal Reserve’s surprise shift in tone to dovish this week, as it signaled more rate cuts in 2024 and acknowledged its anti-inflation campaign is gaining traction. That has helped drive a record-setting rally in US stocks, and […]

GM to layoff 1300 workers at Michigan plant in early 2024

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yahoo finance

General Motors (GM) will be laying off about 1,300 workers at two plants in Michigan. The move comes after GM announced it would be delaying the production of its electric pickup trucks to 2025. Yahoo Finance’s Seana Smith and Brad Smith discuss the announcement. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.” 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 […]

REITS poised for a strong showing in 2024: Economist

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yahoo finance

Mortgage rates have finally dipped below 7% and with the Federal Reserve on pause, mortgage rates may continue to drift lower, paving the way for commercial real estate sales to open back up. John Worth, Nareit Economist and Head of Investor Outreach, joins Yahoo Finance to discuss the easing of rates and why REITs should be considered by investors to put on the top of their watch list for 2024. Worth explains the upside for REITs here: “I think that even with the Fed easing, that’s going to be easing to a higher rate environment. So I do think in 2024, we’ll see some of that commercial real estate sales […]

Intel CEO discusses AI PC’s, stock performance, chip manufacturing

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yahoo finance

Intel (INTC) hosted its “AI Everywhere” event on Thursday, showcasing a range of products and services which all include artificial intelligence. Included in the showcase was the Gaudi3, an artificial intelligence chip for generative AI software. The chip will officially launch next year. Intel CEO Pat Gelsinger joins Yahoo Finance to discuss the implementation of AI across the company and its products and how the AI market will move into next year and beyond. Gelsinger comments on future use cases for AI: “I do think that enterprises are just going to find a lot of critical use cases for this. We showed a couple today in some of the communications […]

Why the Fed is entertaining rate cut talk: Wall Street Journal’s Nick Timiraos discusses

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yahoo finance

The Federal Reserve’s decision to hold rates steady, didn’t surprise investors. But their Summary of Economic Projections, which signaled three rate cuts next year, did catch a few people off guard. Nick Timiraos, The Wall Street Journal Chief Economics Correspondent joins Yahoo Finance Live to weigh in on the potential timeline for the first rate cut—and what could signal it. Timiraos explains why Fed Chair Jerome Powell’s tone on rate cuts has shifted. Timiraos makes clear that any rate cuts would be dependent on inflation continuing to decline. “It does seem like they [the FOMC] could be moving ahead the discussions around when to cut rates after [January] if inflation […]

Fed Chair Powell ‘took the lid off market concerns’

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yahoo finance

Following the Federal Reserve’s decision to hold rates steady, investors have turned optimistic about potential rate cuts in 2024. CFRA’s Chief Investment Strategist Sam Stovall joined Yahoo Finance Live anchors Brad Smith and Seana Smith to discuss the renewed market optimism and massive rally following the Fed decision. Stovall notes Wall Street “had been guessing” about rate hikes versus cuts in 2024, but Fed Chair Jerome Powell’s press conference signaling that the Fed is done with hikes and is considering cuts “took the lid off the markets concerns.” Stovall suggests sectors like financials and real estate are good investment opportunities now, as they were “pressured the most” due to high […]