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 […]
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. […]
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 (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 […]
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 […]
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 […]
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 […]
On the backdrop of President Biden’s meeting with China’s Xi Jinping this week, Alibaba (BABA) has scrapped plans to spin off its cloud segment, citing the Biden administration’s recent export restrictions on AI chips to China. KraneShares Chief Investment Officer Branden Ahern comments on Alibaba’s value amid international trade pressures and what US tariffs could mean for Chinese business relations. “The Biden administration is looking to reset the relationship,” Ahern tells Yahoo Finance on easing trade tensions with China, adding on Biden’s meeting with President Xi: “There’s clearly [an] effort to stabilize the relationship, and I think that there’s really strong progress from the four-hour meeting around further military communication.” […]
Nvidia (NVDA) shares have begun to enter overbought territory for the first time since July of this year. Nvidia is part of an array of technology stocks rebounding amid cooling inflation and hopes that Federal Reserve interest rates have peaked. On Monday, the company announced several updates on its artificial intelligence processors, giving a boost in trading. Yahoo Finance Reporter Jared Blikre joins the Live show to break down the semiconductor giant’s previous win streak. 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 #tech #yahoofinance About Yahoo Finance: At Yahoo Finance, you […]
The APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco continues after its headline event: President Biden’s meeting with Chinese President Xi Jinping on Wednesday. Chinese stocks are seemingly still reeling from the talks between the world leaders and forecasts on business investments into China, as Alibaba (BABA), Pinduoduo (PDD), and JD.com (JD) shares see losses in today’s pre-market trading. Yahoo Finance Markets Reporter Jared Blikre takes a closer look at Chinese and China-exposed stocks in relation to China’s expected GDP decline. 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 #China #Biden #youtube About […]
