SCrude oil prices (CL=F, BZ=F) slipped on news that the OPEC+ meeting between member countries has been pushed back to Thursday, November 30, unleashing uncertainty onto energy markets over the extent of OPEC’s production cuts. CIBC Private Wealth Senior Energy Trader Rebecca Babin sits down to talk about the price action manifesting in the oil market on rising demand heading into 2024. “Right now, it’s a ‘sell the rally, be short crude.’ 2024 isn’t going to perform as well as 2023,” Babin says. “I think we have overshot, I think the fundamental base case is we trade in that $80-85 range. And we’ll get back there.” For more expert insight […]
Investors could be shifting tones on AI as global regulators shift on Sam Altman’s ousting as OpenAI CEO and swift reinstatement five days later. With ties to Microsoft (MSFT) — a 49% stakeholder in the artificial intelligence firm — stronger than ever, regulators worry Altman and OpenAI’s connections to the tech giant will make way for an “acquisition without an actual acquisition.” Axios Tech and Policy Reporter Ashley Gold and Duke University Professor and Venture Capitalist Sultan Meghji join Yahoo Finance Live to discuss the types of guardrails lawmakers will want moving forward as similar shakeups could muddy the waters on transparency and antitrust issues. Meghji — former CIO of […]
OpenAI’s board is getting a makeover and expansion as per terms of Sam Altman’s reinstatement as the AI firm’s CEO. Former Salesforce Co-CEO Bret Taylor (CRM) and former US Treasury Secretary Larry Summers will now hold board seats, while experts speculate whether Microsoft (MSFT) — which owns a 49% stake in OpenAI — could push for its own seat at the table. Forbes Senior Editor Alex Konrad highlights who else these figures could bring onto OpenAI’s board of directors, believing this board won’t be “the exact board a year or two from now.” “The prevailing narrative is more of that OpenAI is going to get back to what it was […]
Yahoo Finance Live sits down with Annex Wealth Management Chief Economist and Strategist, Brian Jacobsen, to discuss the probability of another rate hike. Jacobsen says the Fed’s decision to “proceed carefully” with rate hikes going forward is wise following what he described as them previously “proceeding recklessly.” However, he notes that yields reaching around 4.5% does risk additional hikes. Jacobsen explains that typically the level of yields itself is not problematic, but rather the speed at which rates change. He states that more stability in interest rates “aids business owners and consumers in long-term planning” by giving them time to adapt to the shifting economic landscape. However, the uncertainty surrounding […]
Sam Altman will return as CEO of OpenAI after massive employee pushback on the board’s original decision to terminate Altman from his role last week. The whirlwind development only took a few days causing chaos in the board. Questions now arise about the future of OpenAI, its board, and what it can do moving forward with its tech. Nina Schick, Advisor and Speaker on generative AI, joins Yahoo Finance to give insights into the recent development with Altman and OpenAI and what steps the company can take to capitalize on the success of their AI technology. “These capabilities are going to continue to increase, not least because the incredible amount […]
The OpenAI board of directors unleashed a whirlwind of news with its decision to fire CEO Sam Altman on Friday, November 17th. The saga that followed featured the intense reaction by the employees of OpenAI, as well as the counter measures taken by its parent company, Microsoft. Yahoo Finance Live breaks down the day-by-day occurrences of this blockbuster news story, featuring expert guests that break down the details. Guests include: Macquarie Lead Software Equity Research Analyst Fred Havemeyer Headline Venture Partner Kamran Ansari NYU Professor of Media and Technology W. Russel Newman Brave New World’ Host Vasant Dhar RBC Capital Markets Analyst Rishi Jaluria WSJ Reporter Dan Gallagher Yahoo Finance […]
Shares of iRobot (IRBT), maker of the Roomba vacuum, jumped Friday morning on a Reuters report indicating European Union regulators are likely to approve Amazon’s (AMZN) $1.4 billion acquisition bid. Sources told Reuters the deal will meet competition requirements following an in-depth antitrust investigation, however the Federal Trade Commission (FTC) still needs to sign off before the deal can proceed. Yahoo Finance’s Tech Editor Dan Howley breaks down the details, providing insights into how Amazon could look to leverage iRobot’s data to improve the intelligence of Alexa devices if the deal closes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo […]
Visa (V) shares soared to a new all-time high Friday morning, continuing an upward trajectory for the stock since the company’s last earnings report. In its recent financial results, Visa offered an optimistic view regarding consumer spending patterns going forward. Yahoo Finance’s Akiko Fujita and Rachelle Akuffo break down the details of this trending ticker. #youtube #stockmarket #yahoofinance Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb 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. Connect with Yahoo Finance: Check the latest news and data at finance.yahoo.com Follow Yahoo Finance on social: […]
Nvidia (NVDA) shares closed slightly lower on Friday following a Reuters report that the chipmaker has to delay the launch of its AI-focused chip for China, one that was specifically designed to comply with US restrictions on certain chips being exported to the country. Constellation Research Founder and Principal Analyst R “Ray” Wang explains that “it’s not easy to get a chip out there. It’s not easy to get a chip certified.” Wang tells Yahoo Finance Live that though this delay could leave an opening for Huawei, given how long it takes to develop a chip, it’s going to be just as hard for other rivals to get into the […]
As bitcoin prices edge nearer to $38,000 and beyond, Cathie Wood’s ARK Invest firm is reducing its holdings in Grayscale’s bitcoin trust (GBTC). Yahoo Finance Senior Markets Reporter Jared Blikre takes a closer look at the performances of ARK’s various funds. #bitcoin #crypto #youtube For more expert insight and the latest market action, click here to watch: Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb 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. Connect with Yahoo Finance: Check the latest news and data at finance.yahoo.com Follow Yahoo Finance on social: Connect […]
