Archive List for Market

Sam Altman ousted as OpenAI CEO from company’s board

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Sam Altman was reportedly fired as OpenAI CEO after losing the confidence of the artificial intelligence firm’s board of directors. Yahoo Finance’s Julie Hyman and Josh Lipton review Altman’s role in 2023’s AI hype cycle and what this news could mean for the AI landscape. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #stockmarket #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription […]

Real Estate: Why falling Treasury yields the green light to buy a home?

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With Treasury yields and mortgage rates dropping concurrently, as well as recent inflation data suggesting a possible soft landing for the US economy, questions arise for many Americans as to whether or not they should re-enter the housing market. While home builders have seen an increase in activity, housing inventory still remains low as many homeowners are content with previous lower fixed rate mortgages below 5% as well as existing housing prices remaining high. Yahoo Finance Reporters Dani Romero and Jennifer Schonberger join the Live show to discuss the current state of the economy and the housing market, giving insights as to how Americans should frame these recent economic developments. […]

Stocks, inflation, Fed rate cuts, and the possibility of a soft landing

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An economic narrative of a soft landing continues to gain traction after October’s cooling CPI report, though uncertainty persists around US growth prospects. NewEdge Wealth Senior Portfolio Manager Ben Emons sees encouraging signs of rebalancing that point to a continued interest rate pause by the Fed. Emons notes key inflation factors like rent are beginning to return to pre-pandemic levels. He tells Yahoo Finance that the Fed is neither cutting nor hiking rates further amid moderating price increases, and markets are normalizing. Retail earnings, from companies such as Walmart (WMT), are anticipating deflationary relief for consumers this holiday season. However, Emons says calls for Fed cuts don’t always point to […]

Investors should ‘fade’ the recent ‘epic risk rally’: Bank of America Analyst Michael Hartnett

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Bank of America Analyst Michael Hartnett (BAC) is advising investors to sell risky assets after the recent rally in the stock market, citing mounting technical and economic headwinds as a reason to be cautious. Stocks have rallied on falling oil prices and cooling inflation data that raises the hope the Federal Reserve may be done raising rates. Yahoo Finance Reporter Madison Mills joins the Live show to discuss the note and what it means for investors. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free […]

IBM suspends advertising on X

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International Business Machines (IBM) has decided to suspend advertising on X (formerly Twitter.com) after an independent watchdog organization alerted IBM to anti-semitic posts that were next to an advertisement on the social media platform. X CEO Linda Yaccarino nor Elon Musk have yet to comment on the specific situation with IBM. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #X #elonmusk About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. […]

One area where there could be a ‘win-win’ for homebuyers

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Mortgage rates have pulled back for the third straight week, with the 30-year fixed rate mortgage rate falling to 7.44%, the lowest level since September 28. Jeff Taylor, MPhasis Digital Risk Founder, joins Yahoo Finance to discuss what rates could look like going forward. Taylor explains a key takeaway from this drop in mortgage rates: “I think the big sort of news is look at the CPI dropping this month, we are starting to get closer to 2%, as Chairman Powell said we still have a period of time to go, and also the Fed decided obviously not to raise. So I think sort of the sentiment is okay we […]

Intel stocks jumps after upgrade, Sonos teases new product

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Intel (INTC) shares close Thursday higher after Mizuho upgraded the stock to a “Buy” with a $50 price target, citing improvements to the company’s data center roadmap and server product launches to come in 2024. Meanwhile, Sonos (SONO) stock surged on the company’s expectations to generate over $100 million from a major new product introduction this year — possibly hinting at new headphones. Yahoo Finance’s Julie Hyman and Josh Lipton weigh in on what investors might be looking for in these trending stocks in 2024. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb […]

‘Classic Buffett’ moves: Lee Munson discusses the latest investment plays from Warren Buffett

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Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) has sold its stake in several major companies, including General Motors (GM) and Johnson & Johnson (JNJ). Berkshire Hathaway’s biggest holdings remain Apple (AAPL), Bank of America (BAC), and American Express (AXP) in recent 13F filings. Portfolio Wealth Advisors President and CIO Lee Munson joins Yahoo Finance Live to weigh in on the possible reasons for the firm’s decision to exit its positions. Munson notes Buffett is “holding on” to investments in companies such as Bank of America due to the net profit boost a possible 2024 bond rally could bring. Munson sheds light on Buffett’s strategy which appears to be changing, insisting that […]

U.S. – China relations: A look at what was discussed during the Biden -Xi meeting

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Presidents Biden and Xi Jinping met Wednesday at the APEC summit, with both sides deeming talks constructive. They agreed to reopen military communications and increase cooperation on climate change and the environment. However, key disputes around technology sanctions and fentanyl trafficking went unresolved. Xi and Biden made no apparent progress on these issues amid ongoing trade and security tensions. Yahoo Finance Senior Reporter Rick Newman analyzes critical points left out of the leaders’ meeting, including China’s support for Russia as geopolitical tensions in Ukraine continue. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #Biden #Xi Subscribe to […]

Real estate: Home builder sentiment falls for fourth-straight month

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Home builder sentiment falls again in November for the fourth consecutive month — and the lowest level since December of last year — according to the National Association of Home Builders (NAHB). Yahoo Finance Housing Reporter Dani Romero highlights the challenges homebuilders face in the US housing market as prospective buyers wade through elevated mortgage rates. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #realestate #yahoofinance Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help […]