Stifel Managing Director Stephen Gengaro spoke with Yahoo Finance anchor Josh Lipton about the outlook for the electric vehicle market. Stifel analysts initiated coverage of electric vehicle maker Rivian (RIVN) with a “Buy” rating and a $23 price target this week. Gengaro highlighted Rivian’s increasing brand awareness and partnerships as key strengths compared to Tesla and Lucid. Specifically, Rivian’s R1S SUV and R1T pickup truck are driving awareness and demand. A partnership with Amazon (AMZN) to produce electric delivery vans leverages Rivian’s EV capabilities. Additionally, the planned 2026 launch of Rivian’s R2 vehicle — an affordable crossover — capitalizes on interest in a practical and desired electric option. While the […]
As world leaders debate fossil fuel reliance at the COP28 climate summit, waste management innovators invest in sustainable practices and the reuse of plastics. Republic Services (RSG) CEO Jon Vander Ark tells Yahoo Finance’s Rachelle Akuffo that of 5 million items collected daily, plastics and cardboard dominate all which rely on fossil fuel usage for creation. While recyclables get reprocessed into products like carpets, Vander Ark notes these ultimately reach landfills too. However, Republic’s new Las Vegas Polymer Center aims to achieve “true circularity” — bottles remade endlessly into new bottles. Vander Ark says the facility will help overturn current shortages in sustainable recycling infrastructure. Alongside corporate and regulatory pressures […]
Credit card debt and delinquencies are rising, with some experts warning of a credit card crisis with the advent of holiday spending. Younger consumers are having to face a tough time as a Bank of America survey showed nearly three in four Gen-Zers have curbed their spending in response to higher inflation. VantageScore CEO Silvio Tavares joins Yahoo Finance’s Jared Blikre to discuss the state of credit and purchasing amongst younger consumers and the turmoil they may face going forward. Tavares comments on the rise of ‘buy now, pay later,’ saying “what we’re seeing is consumers shifting that spending to buy now, pay later…In three or four months there could […]
The FDA approved gene-editing therapy Casgevy to treat sickle cell disease. Developed by Vertex Pharmaceuticals (VRTX) and CRISPR Therapeutics (CRSP), the one-time treatment harnesses gene editing advancements. Vertex CEO Dr. Reshma Kewalramani says the approach involves extracting a patient’s stem cells, correcting the defect in those cells using CRISPR gene editing tools, then re-infusing the edited cells into the patient – relieving painful symptoms. Patients who undergo this $2.2 million procedure may eliminate painful sickle cell crises called VOC’s. Kewalramani contrasts the cost against the $4-6 million lifetime price tag for conventional sickle cell management. #youtube #genetics #yahoofinance About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, […]
While November jobs data outpaced economist expectations, many sectors are still struggling to fill roles, including cybersecurity. CrowdStrike (CRWD) CEO George Kurtz joins Yahoo Finance Live to weigh in on the necessary growth of cybersecurity jobs as widespread breaches become more sophisticated. “It’s incumbent on companies like CrowdStrike to be able to arm the people in the field to be able to create that multiplier effect, to be able to actually plug some of these holes, and it’s been something that’s obviously we’ve been focusing on extensively,” Kurtz says on the cybersecurity sector’s labor demand, also commenting on the use of AI to fight cyber threats. #yahoofinance #youtube #stockmarket About […]
It’s been just over a year since ChatGPT started to dominate headlines. The OpenAI platform introduced the world to generative AI, a type of AI that can be used in everyday functions. But what will 2024 bring? More AI. Bob O’Donnell, TECHnalysis Research President & Chief Analyst joins Yahoo Finance Live to discuss what the next wave of AI means for users, companies, and investors. Despite the craze over generative AI in the past year, O’Donnell says that not many people in the workforce have been directly using the applications, but that’s all going to change in the coming year. While everyday people are going to be using AI, businesses […]
Your Rich BFF Founder Vivian Tu shares her top strategies to build wealth, reduce debt, and maximize on investments across her social media, including TikTok and Instagram. Tu sits down with Yahoo Finance Live anchors Julie Hyman and Josh Lipton to discuss several of these methods, including the 50/30/20 Rule and taking advantage of high-yield savings accounts. “This is so easy because high-yield savings accounts are offered through FDIC-insured institutions, very similar to a traditional bank,” the financial influencer and Rich AF author says. “However, instead of giving you, I believe the national average right now is 0.46% in interest, a high-yield savings account will give you somewhere between 4 […]
Elon Musk is appealing his settlement with the Securities and Exchange Commission for his “funding secured” tweet all the way to the US Supreme Court. Musk argues the settlement is being used to infringe on his First Amendment rights. Yahoo Finance Legal Reporter Alexis Keenan explains the case. #youtube #elonmusk #Tesla 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 […]
This segment originally aired on December 8, 2023. Alphabet (GOOG, GOOGL) shares closed higher on Thursday, a day after Google unveiled its newest generative AI model, the Gemini chatbot. Created to handle text, images, video, and other content, Gemini comes in three versions — Ultra, Pro, and Nano — to compete with OpenAI’s ChatGPT and other rivals. The chatbot’s “natively multi-modal” feature is what Google believes will make it stand out—and will be available in Google smartphones including the Pixel 8 Pro, as well the Bard chatbox. Yahoo Finance Tech Editor Dan Howley analyzes Gemini’s features, examining its capabilities versus market alternatives, and talking about Google’s broader strategy moving forward. […]
The US added 199,000 jobs in the month of November according to the latest jobs data print, while consumer sentiment rose by 13.2% month-over-month alongside falling inflation expectations. Interactive Brokers Chief Strategist Steve Sosnick believes this combo of data should assuage recession risks while markets price in the Fed’s interest rate narrative for 2024.”Does [Fed Chair Jerome Powell] have his usual Goldilocks stance at the FOMC meeting where we get a little bit of this, little bit of that, and the market can read in what it wants?” Sosnick ponders to Yahoo Finance. “Or does he go a little more Grinch… at the meeting and sort of say, ‘Guys, you […]
