Archive List for Business

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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#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 […]

Putin to visit UAE, Saudi Arabia this week

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#russia #putin #uae #saudiarabia #yahoofinance Russian President Vladimir Putin travels to the Middle East this week, visiting the UAE and Saudi Arabia to discuss oil, trade, and geopolitical issues. The trip comes as Russia aims to strengthen ties with the oil-rich nations at a time of conflict in Ukraine and tensions with the West. Yahoo Finance’s Senior Business Reporter Ines Ferre analyzes the implications of Putin’s visit against the backdrop of volatile energy markets, while also providing insights into the current oil and energy price outlooks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo […]

Google unveils Gemini, its latest AI chatbot

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#google #gemini #ai #chatbot #yahoofinance Google (GOOG, GOOGL) 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. 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. 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 management resources, comprehensive market data, advanced tools, and more […]

Former House Speaker Kevin McCarthy to leave Congress

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#kevinmccarthy #congress #congress #yahoofinance Former House Speaker Kevin McCarthy (R-California) has announced he will leave Congress at the end of the year. In The Wall Street Journal, McCarthy writes that he has “decided to depart the House at the end of this year to serve America in new ways,” adding that “I know my work is only getting started.” Yahoo Finance Live reports on the breaking story. 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 management resources, comprehensive market data, advanced tools, and more information […]

Apple stock feeling the holiday cheer, surpassing $3T mark

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#apple #holiday #yahoofinance Tech giant Apple (AAPL) has hit the $3 trillion mark in terms of market cap for the first time since August, and is set for its best yearly performance since 2020. While sales have improved on the back of the release of the iPhone 15, analysts remain focused on the company’s current sales cycle as well as its performance in China – a key market for the company – and whether changes in consumer trends may impact the company’s bottom line going into the new year. Yahoo Finance’s Diane King Hall and Brad Smith weigh in on Apple’s journey throughout the year—and outlook for 2024. About Yahoo […]

Grand Theft Auto 6 trailer is released, here’s what investors should know about TakeTwo stock

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Take-Two Interactive’s (TTWO) Rockstar Games released the first trailer for Grand Theft Auto VI early after it was leaked. Now, it’s already set to break records on YouTube. Oppenheimer Senior Analyst of Emerging Technologies and Services Martin Yang joins Yahoo Finance Live to take a closer look at what the response to the trailer could indicate for the stock. Hang notes that there is no direct point of reference to suggest potential sales, but there are “indirect signals” such as likes, which have far exceeded past trailers. However, the game will not be released until 2025. Is it too soon to buy Take-Two now? Yang says no, “we’re happy to […]

Mortgage rates, home prices should fall in 2024: Economist

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2023 has been a turbulent year for the housing market as 30-year fixed mortgage rates flirt with 8% while housing prices continue rising. Housing Inventories and potential home buyers have dropped off as a result. Redfin Chief Economist Daryl Fairweather joins Yahoo Finance to discuss why the housing market may have some relief on the horizon and trends in the US housing market for 2024. “In the most likely scenario, we expect rates to come down to around 6.5-6% by the end of the year, which isn’t a huge relief but it’s enough to make hundreds of dollars of a difference for a potential homebuyer,” Fairweather says. For more expert […]

Market’s 2024 hopes for rate cuts are ‘overdone’: BlackRock

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BlackRock (BLK) released its 2024 outlook, avoiding concrete predictions on potential Fed rate cuts despite recent market moves betting on easing monetary policy. With analysts divided on whether the Fed engineers a soft landing or the economy ultimately heads into a recession, BlackRock states that post-pandemic data has not shown reliability for confident projections. Against this backdrop of uncertainty, Yahoo Finance’s Josh Schafer analyzes BlackRock’s perspectives, providing insights into its cautious tone on the trajectory of inflation heading into the new year. 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 […]

U.S. job openings fall to 8.7 million in October, suggesting a cooling labor market

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The latest Job Openings and Labor Turnover Survey (JOLTS) data released Tuesday morning shows US job openings decreased to 8.7 million in October, the lowest level since March 2021. Sectors recording fewer openings included healthcare, social assistance, finance, insurance, real estate, and rentals. However, the information industry saw openings rise by almost 39,000. The JOLTS report lands ahead of Friday’s anticipated jobs data. Yahoo Finance’s Jared Blikre analyze the fall in openings and what the weakening labor demand indicates for the market. #youtube #stockmarket #job 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 […]