Archive List for Market

Why the Fed could hold rates steady next year

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yahoo finance

Treasury bond yields have been steadily declining as many investors believe the Federal Reserve is done with interest rate hikes and may begin cutting rates as early as June of 2024. With recent commentary from the Bank Of Japan and November jobs data due out on Friday, predictions for the Fed’s next move have been called into question. RiverFront Global Fixed Income CIO Kevin Nicholson joins Yahoo Finance to discuss the current status of the market. “I think you’ll probably see the bond market go up by 10-15 basis points. I think that you’re going to really see a sell-off abruptly and not to the same degree as the momentum […]

What a labor market slowdown could mean for Fed policy

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According to RBC Captial’s November jobs report forecast, the unemployment rate will increase to 4% with labor force participation to remain the same. Growth in ADP’s private payroll data has also shrunk in recent months. What does this mean for the labor market at large? RBC Capital Markets US Economist Michael Reid joins Yahoo Finance’s Diane King Hall to discuss his forecast and what this could mean for the labor market and the Federal Reserve’s monetary policy going forward. “We’re looking for the headline payroll gain to come in around 185,000. But, We are looking for the unemployment rate to tick up to 4%. That would be in line with […]

EU regulators to resume talks on first AI laws on Friday

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yahoo finance

European lawmakers are set to resume discussions this week on drafting and passing the world’s first law regulating artificial intelligence. Yahoo Finance Tech Editor Dan Howley highlights the provisions that have been suggested, including consumer concerns and a desire for AI source code transparency. #youtube #EU #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 […]

AMD’s MI300 AI chip: ‘Most complex in industry,’ CEO

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yahoo finance

AMD (AMD) unveiled its new MI300 data center chip – an ultra-powerful AI accelerator years in the making. CEO Dr. Lisa Su joined Yahoo Finance’s Brian Sozzi to discuss the complex processor and booming AI chip demand. Su highlighted the MI300’s record 153 billion transistors, calling it the “most complex chip in the industry.” With AI adoption surging, she says extremely robust GPUs like MI300 are essential for businesses, cloud platforms and researchers. Detailing steady progress over 5+ years, Su explains the MI300 chips is comprised of 12 stacked “chiplets,” noting each MI300 chip takes over 7 months to produce given intricate designs. With Microsoft (MSFT), Meta (META), Oracle (ORCL) […]

Stock market news: Stocks slide, oil hits 5-month lows December 6 | Yahoo Finance

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yahoo finance

US stocks slipped on Wednesday amid fresh signs of economic malaise, as oil prices hit lows not seen since June and investors looked to data that signaled more cooling in the labor market. The S&P 500 (^GSPC) fell about 0.4% while the Dow Jones Industrial Average (^DJI) dropped more nearly 0.2% or about 70 points. The Nasdaq Composite (^IXIC) shed roughly 0.6%. Wednesday brought fresh signs of softening in the labor market, as the ADP gauge on private payrolls missed expectations, finding that 103,000 jobs were added in November. That came after Tuesday’s soft reading on jobs openings bolstered optimism for a Fed pivot to cutting interest rates. Markets are […]

Elon Musk’s SpaceX considers selling insider shares, company valued at $175 billion: Report

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yahoo finance

According to a report from Bloomberg, SpaceX has begun discussions on selling insider shares to raise somewhere between $500 and 700 million. Current pricing offers value SpaceX at $175 billion. In the past, founder Elon Musk has commented on keeping the company private, but what has changed? Yahoo Finance Reporter Pras Subramanian joins the Live show to break down how SpaceX’s purported value compares with that of other aerospace companies and what a path forward for a SpaceX IPO could look like. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #ElonMusk #SpaceX About Yahoo Finance: Yahoo Finance […]

Bank of Japan may end decades long negative interest rate policy

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The Bank of Japan might be set to exit from ultra-low interest rates that have sat at these levels since 2015. This unexpected rate hike has led to the Japanese yen rallying to a three-month high. Yahoo Finance’s Jared Blikre takes a deep dive into this rate hike and what this decision may hold in store for Japan’s currency. #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 – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) […]

Campbell Soup CEO talks earnings, outlook, and the consumer

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yahoo finance

#campbellsoup #consumer #soup #yahoofinance Campbell Soup Company (CPB) reported fiscal first-quarter adjusted earnings per share of $0.91, better than analysts had expected. Net organic sales, however, fell 1% from the prior year. In an interview with Yahoo Finance Executive Editor Brian Sozzi, Campbell Soup CEO Mark Clouse says a positive for him in the quarter was how the results were in line with the company’s expectations, though he does admit volumes “are a still bit under strain.” Clouse also explains how comparisons are tough given how strong the year-ago quarter was. As to why the company reaffirmed its full-year outlook, Clouse says he is not anticipating a “radical change in […]

Lower oil prices will persist into 2024: Portfolio Manager

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yahoo finance

#crudeoil #oilstocks #yahoofinance Crude oil (CL=F) dipped below $70 per barrel on Wednesday, weighed down by demand concerns. Tortoise Senior Portfolio Manager Rob Thummel believes negative demand sentiment is fueling oil prices to the downside. He expects prices to stay lower as shifts in the energy market finish playing out. Thummel outlines how evidence of declining global inventories due to OPEC+ production cuts and demand recovery will be needed to shift sentiment — all factors requiring time. 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 […]

Big bank CEOs testify before Congress: Top takeaways

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yahoo finance

#bigbank #ceo #congress #yahoofinance The CEOs of America’s largest banks, including Bank of America (BAC) Chairman and CEO Brian Moynihan, JPMorgan Chase (JPM) Chairman and CEO Jamie Dimon, Citigroup (C) CEO Jane Fraser, and more, testified before the Senate’s banking committee as part of Congress’s annual oversight of the financial sector. The controversial capital requirements proposed by the Federal Reserve came up repeatedly throughout the hearing, with many CEOs opposed to the provisions or in favor of amendments before the requirements go into effect. Here are the top takeaways that investors need to know. Small business lending (00:00:24) Banking analyst Meredith Whitney of Meredith Whitney Advisory Group broke down the […]