As mortgage rates ease, Redfin Head of Economic Research Chen Zhao joined Yahoo Finance Live to discuss the 2024 housing outlook after a “largely frozen” 2023 market. Zhao expects next year’s homebuying season to be “better” than 2023 when inventory was low, rates were high, and prices sidelined buyers. As those headwinds abate, she anticipates a “transactions increase” in housing sales. After a rapid acceleration in prices during the pandemic, Zhao predicts a 1% decline in prices for 2024. Zhao argues given high mortgage rates and high prices, housing has “hit a ceiling for affordability,” and, as a result, prices can’t really move much higher. #realestate #mortgages #youtube About Yahoo […]
After a volatile 2023, the housing market enters 2024 with some relief as two major headwinds — high mortgage rates and inflation — show signs of easing. This backdrop has sparked cautious optimism for a rebound after affordability challenges crushed demand. Yahoo Finance’s Brad Smith and Brian Sozzi discuss the improving outlook for housing in 2024 now that rates and consumer prices are moderating, providing insights into homebuilder strategies. #youtube #stocks #REALESTATE 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 […]
After paring back on Tesla (TSLA) shares in the Ark Innovation ETF (ARKK), the firm has recently started to add to its position again. Ark Invest CEO Cathie Wood tells Yahoo Finance’s Julie Hyman that the decisions by General Motors (GM) and Ford (F) to delay some of their EV investments was a “telltale” sign that Tesla is in position to gain market share, calling the automakers’ decisions “puzzling.” The move comes as Tesla CEO Elon Musk’s X platform (formerly Twitter) is suffering from a decline in ad revenue, raising concerns he may have to sell Tesla shares. Wood, however, doesn’t seemed to be concerned, claiming that the platform’s traffic […]
China’s Xiaomi (1810.HK, XIACY) is entering the electric vehicle market after investing over $1.5 billion into developing its first EV model, the Xiaomi SU7. The consumer tech manufacturer, known for smartphones and electronics, aims to become a top automaker within 15 to 20 years per CEO Lei Jun’s recent statements. Yahoo Finance Autos Reporter Pras Subramanian analyzes Xiaomi’s goal, discussing the SU7’s positioning and its similarities to luxury EVs currently on the market. 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 […]
2023 was full of economic headwinds to new and ongoing geopolitical conflicts, chaos in Congress, a banking crisis, and more. 2024 will bring new headwinds the for the markets, with looming deadlines to avoid a government shutdown, escalating geopolitical conflicts and more. HSBC Global Private Banking and Wealth Chief Investment Officer, Americas Jose Rasco joins Yahoo Finance to give insight into the outlook for 2024 and what investors should expect when it comes to economic headwinds and potential volatility in the market. Rasco points out there are two potential headwinds coming out of Washington at the beginning of the year: the 2024 election process begins and another scramble to avert […]
Shares of crypto mining operators Riot Blockchain (RIOT) and Marathon Digital Holdings (MARA) are popping off on the prospects of Securities and Exchange Commission (SEC) regulators approving a spot bitcoin ETF (BTC-USD). Yahoo Finance Reporter Madison Mills joins the Live show to discuss bitcoin miners’ plans to expand operations on this pending news and how their stocks have exponentially outperformed bitcoin and other digital asset companies in 2023. #stockmarket #youtube #BITCOIN 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 […]
#tech #sp500 #stockmarket #yahoofinance The S&P 500 (^GSPC) has been on the run recently, with the Magnificent Seven leading the charge and holding almost 30% of the index’s value. Wall Street is arguing over whether the S&P can maintain this momentum into 2024. Spouting Rock Asset Management Chief Strategist Rhys Williams joins Yahoo Finance to discuss the state of the stock market and whether or not it can continue its recent hot streak into the new year. Williams puts the current market in a historical context, pointing out a productivity boom in the mid-90s due to “the power of Cisco Technology with the client-server technology and the internet” and makes […]
#microsoft #nytimes #ai #copyright #yahoofinance The New York Times (NYT) is suing OpenAI and Microsoft (MSFT) for allegedly using millions of articles without permission to train its AI chatbots. MIT Initiative on the Digital Economy Director Sinan Aral and Newsroom Robots Podcast host Nikita Roy discuss the details of the copyright lawsuit and potential implications for the publishing industry with Yahoo Finance Live. Roy says she was “completely expecting” this scenario, suggesting the Times is “helping” smaller publishers lacking resources to take legal action. However, she notes accusing chatbots of infringement is “complex,” hinging on whether courts deem AI a tool or if liability falls on the user. Still, Roy […]
#investing #reits #yahoofinance #realestate Real Estate Investment Trusts or REITs have been hit by issues such as high interest rates, lackluster return to office, and overall concerns about an economic slowdown. Infrastructure Capital Advisors CEO Jay Hatfield gives his take on the space in the latest Good Buy or Goodbye. Hatfield is buying Boston Properties (BXP) because he believes the stock will rally as interest rates fall and that it has an attractive valuation. He also likes the stock because, even though they do have office properties, Hatfield says they tend to cater to sectors that favor work from the office. A stock Hatfield is avoiding is Prologis (PLD), which […]
#deflation #fed #investors #yahoofinance As more inflation data is released, many on Wall Street speculate as to when the Federal Reserve may cut interest rates within the first half of 2024. Investors maneuver through the confusion of how to best manage their portfolios as economic conditions fluctuate. Adam Phillips, Managing Director at EP Wealth Advisors, joins Yahoo Finance to give insight into market conditions and what he advises his clients to keep an eye on, including gold futures (GC=F) “Maybe investors have taken the Fed’s comments a little bit too far, but we certainly don’t want to fight the Fed and try to argue against what they’re obviously seeing and […]
