Archive List for Money

How Coinbase could become more than a crypto exchange

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yahoo finance

#coinbase #bitcoin #crypto #yahoofinance #france #europe Coinbase (COIN) received a virtual asset service provide license in France, meaning it can operate crypto services in the country. Needham and Company Senior Analyst John Todaro joined Yahoo Finance to discuss Coinbase’s overseas growth strategy and continued hopes for a Bitcoin ETF (BTC-USD) stateside. In Todaro’s view, the “lack of regulatory clarity in the US” has pushed Coinbase to target international opportunities. However, he attributes the rise in Coinbase’s stock to how well crypto has performed the last several weeks and the expectation that a spot bitcoin ETF will be approved. For more transformational growth, Todaro believes Coinbase needs to move beyond “just […]

Berkshire Hathaway boosts Occidental Petroleum stake by $5.2M

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yahoo finance

#berkshirehathaway #occidentalpetroleum #yahoofinance Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) purchased $5.2 million more shares of Occidental Petroleum (OXY), boosting its stake to around 28% in the oil & gas producer. The increased investment follows Occidental’s recent agreement to acquire Permian Basin driller CrownRock for $12 billion. Yahoo Finance’s Seana Smith and Bradley Smith break down the details of this trending ticker. 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. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or […]

Rocket Lab stock soars after winning U.S. government contract

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yahoo finance

#rocketlab #yahoofinance #space Shares of Rocket Lab (RKLB) jumped in early trading on Friday after winning a U.S. government contract that could be worth as much as $515 million. The space company will “design, manufacture, deliver, and operate 18 space vehicles” as part of the deal. Yahoo Finance Live take a closer look at the deal. 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 to help you manage your financial life. – Get the latest […]

Tencent leads China selloff amid new gaming restrictions

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yahoo finance

#tencent #china #gaming #yahoofinance Shares of tech conglomerate Tencent (0700.HK) were down more than 12% Friday morning amid an $80 billion market selloff in Chinese gaming stocks, sparked by new, unexpected restrictions from Beijing. The restrictions come from Chinese government regulators who are attempting to combat addictive gaming lifestyles among users. Yahoo Finance Reporter Jared Blikre breaks down the latest developments with Tencent and the broader Chinese markets. 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 […]

November PCE inflation: What it means for Fed rate hikes

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yahoo finance

#yahoofinance #inflation #fed #fedratehike The November Personal Consumption Expenditures (PCE) price index came in lower than expectations, declining 0.1 percent month-over-month. Core PCE inflation grew 3.2 percent, which was below estimates of 3.3 percent. Yahoo Finance’s Jennifer Schonberger discusses the data and what this cooling inflation may mean for the future of the Federal Reserve’s rate hikes. 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 to help you manage your financial life. – Get the […]

Honda recalls 2.5M vehicles due to fuel pump issue

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yahoo finance

Honda (HMC) is recalling 2.5 million cars after reporting a fuel pump issue that could put drivers at risk of a crash. This follows Toyota’s (TM) recent recall of 1 million Toyota and Lexus vehicles with airbag issues, and a recall from Tesla’s (TSLA) last week. Autoblog Editor-in-Chief Greg Migliore joins Yahoo Finance Live to weigh in on the influx of recalls and what this suggests about the automobile industry. Migliore does not see this recall as a negative, stating “automakers are becoming increasingly proactive,” which will ultimately benefit the customers. Migliore notes that in Honda’s case the fix will be a “fairly simple.” About Yahoo Finance: Yahoo Finance provides […]

Angola leaving OPEC amid oil production dispute

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yahoo finance

Angola is leaving the Saudi-led oil producer group OPEC, saying that the country does not gain anything from its membership. Yahoo Finance’s Julie Hyman and Josh Lipton discuss how this news has impacted the oil market and tensions within OPEC. 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. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance #angola #opec #yahoofinance

China EVs: Biden considers raising tariffs, WSJ reports

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yahoo finance

The Biden administration is considering raising tariffs on Chinese EV exports to the U.S., according to a report from the Wall Street Journal. The move may be a part of Biden’s broader attempts to bolster the clean energy industry in the U.S. against cheaper Chinese exports. Yahoo Finance Rick Newman joins the Live show to give insight into the report and the implications for both the U.S. and Chinese economy. 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. – Get the latest news and data at finance.yahoo.com – […]

Oil is indicator of a recession: Strategist

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yahoo finance

The stock market went through a bit of a rally in recent weeks, until Wednesday afternoon when the market pulled back. After commentary and data from the Federal Reserve on interest rates, many on Wall Street have been debating how the economy will play out for 2024. Jeff Bierman, TheoTrade Chief Market Technician, joins Yahoo Finance to break down his feelings on the current status of the market as well as what is in store for 2024. Bierman claims that oil (CL=F, BZ=F), among others, is a clear indicator of a recession: “” If we are not going into a recession, which is what the market is signaling, then I […]

WBD, Paramount merger talk: Why a deal could be challenging

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yahoo finance

“Warner Bros. Discovery (WBD) CEO David Zaslav met with Paramount Global (PARA) CEO Bob Bakish about a potential deal, according to a report from Axios. Analysts have expected to see Paramount to engage in some sort of M&A activity this year, but the companies’ debt loads have raised some concerns. Yahoo Finance’s Seana Smith and Brad Smith report on some of the analyst commentary surrounding the news. 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. – Get the latest news and data at finance.yahoo.com – Download the Yahoo […]