Archive List for FX

October’s Consumer Price Index (CPI) print came in cooler than expected, raising hopes that inflation is beginning to moderate in late 2023. Does this change anything for the Federal Reserve and its 2% inflation target? BNP Paribas US Economist Yelena Shulyatyeva explains expectations she has for Fed interest rate cutes in 2024 and how the Fed’s rhetoric has changed. The Fed has become “so much more cautious even as inflation continues to run high, they have become much more cautious talking about risk approach, risk management when they conduct monetary policy,” Shulyatyeva tells Yahoo Finance. “Today’s number just helps to alleviate some of the concerns that the process is not […]

Nvidia (NVDA) stock roseTuesday afternoon as Bank of America (BAC) raises its price target for the chipmaker to $650 per share. Analysts cite the AI chips as a decent upgrade for the company. The company will report its quarterly earnings next week on Tuesday, November 21. Snap Inc. (SNAP) shares are also moving higher as Amazon (AMZN) reportedly reached a deal to run shopping ads for Amazon on Snapchat, according to The Information. This will supposedly make it easier for users to connect their accounts and buy products from Amazon through the social media app. Airbnb (ABNB) is rising as well since it announced on Tuesday that it has acquired […]

Video game developer Take-Two Interactive (TTWO) is seeing stock gains Tuesday morning as Deutsche Bank analysts upgrade the stock to “Buy” on headlines of a December announcement for the long-awaited Grand Theft Auto VI. Yahoo Finance Anchors Akiko Fujita and Rachelle Akuffo observe Take-Two’s recent stock action and other trends in the gaming market. 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 #gaming #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 […]

A new Moody’s (MCO) report estimates that the recent strikes in Hollywood will cost entertainment studios $450-600 million dollars annually going forward, as the new union contracts go into effect. The report said that this increase in costs “will not pose a credit risk for the studios in isolation,” citing the massive spending that already occurs globally, this only makes up an incredibly small percentage. Yahoo Finance Senior Reporter Alexandra Canal joins the Live show to break down the report and what it means for the entertainment industry going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. […]

At its Design and Make conference, Autodesk unveiled new AI-powered products for industries like architecture, manufacturing, and media. The technology provides generative design capabilities and intelligent assistance for tasks like building, product design, and 3D modeling. CEO Andrew Anagnost says Autodesk’s AI aims to help companies “build more with less” by automating processes, generating data, and creating sophisticated 3D models. This allows customers to work faster and more cost efficiently. The AI tools also offer predictive insights and can analyze complex sustainability projections, shortening lengthy development cycles to weeks. Anagnost emphasized that many industries have “massive capacity problems” and cannot meet demand growth. By leveraging AI to eliminate repetitive tasks […]

Wall Street Strategist Ed Yardeni predicts the Santa Clause rally could continue through the end of 2023 citing easing oil prices and bond yields, but other analysts remain cautious on growth. Yahoo Finance’s Seana Smith and Brad Smith weigh in on both Yardeni’s prediction against other experts’ opinions and what the Fed may ultimately do in response to October’s inflation data. 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 stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates […]

Inflation is starting to cool, with the October Consumer Price Index coming in flat from last month. HSBC Chief Multi-Asset Strategist Max Kettner tells Yahoo Finance Live that the report was “as Goldilocks as it can possibly get.” Kettner says that the biggest risk for him was “a continued overheating of the US economy and an uptick in inflation and that’s just not happening. It’s the opposite and that’s really, really good.” Watch the video above to find out how Kettner thinks investors should be overweight US stocks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to […]