Archive List for Savings

Fed isn’t in last mile on inflation just yet: Dartmouth College of Economics Professor

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yahoo finance

Coming out of the December FOMC meeting, Federal Reserve officials have opted to hold interest rates where they are for the remainder of 2023 and signaled up to three rate cuts over the next year. Dartmouth College Economics Professor Andrew Levin reacts to the Fed’s rate decision, the direction of inflation, and what this economic environment may mean for US workers. “When we think of a marathon, the last mile is like you’re 95% of the way there. The supercore [inflation] peaked at around 6% on a 12-month basis, right now it’s around 4% but it’s actually been heading up over the last three months,” Levin, a former Federal Reserve […]

Stocks: Why a Fed pause could be good for the market

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yahoo finance

The Federal Reserve is widely expected to keep rates where they are into 2024. That may be a good thing for the stock market. Yahoo Finance Markets Reporter Josh Schafer examines how stocks (^DJI, ^GSPC, ^IXIC) have reacted to recent rate pause decisions. #yahoofinance #FederalReserve #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 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: […]

2024 Fed rate cuts outlook: ‘3 or 4 cuts in the back half of next year’: JPMorgan’s Jack Manley

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yahoo finance

The Federal Reserve is expected to cut rates in 2024. The big question is: When in 2024? J.P. Morgan Asset Management Global Market Strategist Jack Manley doesn’t think it’s going to as early as some investors expect and that “volatility is the name of the game.” Manley thinks that in 2024 there will be room for “opening up the opportunity set a little bit and remembering there are 490+ names in the S&P 500 that haven’t done a whole lot of anything,” referencing the outperformance of the Magnificent Seven tech stocks. Manley says volatility will create a “ripe environment” for active management. Watch the video above to hear how Manley […]

Chinese government to focus on industrial sector in 2024

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yahoo finance

Chinese economic leaders released their plan for 2024 naming industrial policy as their top priority, much to the dismay of investors who wished to see a stimulus to boost overall growth. In turn, many Chinese stocks began to trend downward after the announcement. Yahoo Finance Markets Reporter Jared Blikre joins the Live show to break down China’s most recent economic data points and how China-based stocks are reacting. 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 […]

X ad revenue to miss internal targets: Report

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yahoo finance

X, the social media company formerly known as Twitter, is expecting to rake in about $2.5 billion in ad revenue in 2023, short of both its internal estimates and what it has reported in years past, according to a report from Bloomberg. In a statement to Bloomberg, Joe Benarroch, head of business operations for X, argues that the numbers are an “incomplete view” of where the business currently stands. Yahoo Finance Live breaks down the report. 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 […]

Netflix releases tons of viewership data for first time

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Netflix (NFLX) has published its first biannual viewing metrics report, covering a 6-month period. The report discloses hours viewed for TV series and films that reached over 50,000 viewing hours on the platform. It also provides premiere dates for Netflix original titles and indicates whether they were available globally. 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 […]

Google loses Epic case: What happens next?

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Google (GOOG, GOOGL) lost an antitrust case brought by Epic Games, with a jury finding that the company engaged in anticompetitive conduct with its Play Store. Adam Kovacevich, Chamber of Progress Founder and CEO, joins Yahoo Finance Live to take a closer look at the trial and what makes it different from the one Apple (AAPL) won. Google is set to appeal the ruling with the Ninth Circuit, the same court that decided for Apple in Epic Games’ suit against the tech giant. Kovacevich says that the court will have to “grapple with how these two cases could come to different outcomes.” About Yahoo Finance: Yahoo Finance provides free stock […]

Fed Dec FOMC meeting: Expect a more hawkish tone, strategist says

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yahoo finance

The Federal Reserve will make its final interest rate decision of 2023 on Wednesday. The Fed is widely expected to hold rates steady, so Fed Chairman Jerome Powell’s commentary will be what investors will be paying close attention to. Azoria Partners CEO and CIO James Fishback does not see Powell “actually validating any of that dovish-ness that the market is currently professing,” and states plainly “it will be a hawkish meeting tomorrow,” compared to what market expectations are. 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 […]

Warren Buffett’s Berkshire Hathaway slashes stake in HP

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Berkshire Hathaway (BRK-A, BRK-B) has slashed its stake in HP (HPQ). The move comes as demand for personal computers has declined. Bank of America Senior Equity Research Analyst Wamsi Mohan joins Yahoo Finance Live to weigh in on the challenges the PC maker has faced post-pandemic. Mohan notes that while HP had a strong period during the pandemic, post-pandemic “all this pull-forward that happened for PCs is now acting against them.” Taking a look at competition, Mohan predicts “the performance delta is going to be closing between Dell (DELL) and HP.” About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced […]

How Fed members could vote on interest rates at FOMC meeting

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While the November Consumer Price Index (CPI) reading saw inflation tick up by 0.1% month-over-month, Federal Reserve regulators convene for the December FOMC meeting to discuss monetary policy and interest rate maneuvers. Yahoo Finance Fed Reporter Jennifer Schonberger details which way Fed members are likely to vote on pausing rates where they are or proposing more hikes. 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 […]