Archive List for Markets

Food prices rise 3.3% in the last year: CPI October print

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yahoo finance

With inflation pushing food prices higher by 3.3%, value-driven purchases is still the order of the day for many consumers relying on Walmart (WMT) and other cost-effective grocery retailers. Amazon (AMZN) — which also owns Whole Foods — is expanding its online fresh grocery delivery service, to which Forrester Research Retail Analyst Sucharita Kodali believes that the online retailer is still thriving primarily in non-perishable and non-food items. The US online grocery market is forecasted to be valued at $243 billion by 2025. Kodali notes to Yahoo Finance that online fresh grocery sales are an “under-penetrated category” and sees room for growth in this market. For more expert insight and […]

Hedge funds withdrawing cash to buy stocks in bulk: Survey

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Bank Of America’s Global Fund Managers survey shows that hedge funds are withdrawing cash so much so that they are at the lowest cash levels in two years. Reportedly, this is to capitalize on bullish and end-of-year sentiment pouring into stocks and bonds as many investors look toward recent Fed comments and recent Treasury bond yields, confident that the market will turn around. Yahoo Finance Senior Reporter Jared Blikre joins to break down the survey and market trends. 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 […]

Stock market outlook: Bulls and bears divided on likelihood of a Santa Claus rally

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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 data as Goldilocks as it can get: Strategist

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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 […]

Inflation cooled in October, with CPI flat from prior month

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The Consumer Price Index rose 3.2% year-over-year in October, less than the expected 3.3%. Month-over-month, the index was flat versus estimates of an increase of 0.1%. Stripping out food and energy, prices rose 4.0% year-over-year compared to an estimate of 4.1%. Core prices rose 0.2%, less than the 0.3% estimate. Yahoo Finance Live’s Seana Smith, Brad Smith, and Brian Sozzi breaks down the report. 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 […]

October CPI print may allow Fed to be ‘a notch less’ hawkish

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October’s Consumer Price Index (CPI) — which gauges inflation — came out flat month-over-month against expectations of an increase of 0.1%. While the CPI print rose 3.2% year-over-year, core CPI — which accounts for everything but food and energy prices — rose lower than expected at 4.0% year-over-year and 0.2% month-over-month. After another month of cooling inflation data, how will Federal Reserve officials position themselves ahead of their December FOMC meeting? Wells Fargo Chief Corporate Economist Tendayi Kapfidze and Citi Global Chief Economist Nathan Sheets join Yahoo Finance Live to comment on the trajectory the Fed could take on interest rates and how the course of disinflation is currently looking. […]

How Amazon, other companies are investing in robots

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Amazon (AMZN) has made a big bet on robotics, particularly in its warehouses. However, with it’s agreement to purchase Roomba-maker iRobot (IRBT), their robots could be coming to your home too. Jason Del Rey, Tech Business Journalist and Author of Winner Sells All: Amazon, Walmart and the Battle For Our Wallets, says the acquisition “has a lot to do with Amazon’s intent and play to own as much gadgetry and robotics around the home,” highlighting it’s Alexa products and Ring acquisition. When it comes to how to play the robotics space R “Ray” Wang, Constellation Research Principal Analyst and Founder recommends stocks like ABB (ABBNY), Fanuc (FANUY), and SMC Corporation […]

Airbnb named a top stock for 2024 by Bernstein

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Bernstein released a note on Monday claiming Airbnb (ABNB) to be a top pick for 2024, giving the stock an “Outperform” rating and a $163 price target while citing top-line growth acceleration and increased travel demand. Yahoo Finance Anchors Julie Hyman and Josh Lipton break down the note and why investors should pay attention to this stock. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #yahoofinance #stockmarket 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 […]

Nvidia launches new AI chip, building on lead in chip market

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Nvidia (NVDA) has launched a new chip — the H200 — alongside a new platform and CPU build, furthering the company’s commitment to AI technology. Yahoo Finance Tech Editor Dan Howley reports on the launch, explains the H200’s new capabilities, and deep dives into Nvidia’s leading stance in the AI chip space. 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 #Nvidia #stockmarket 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 […]

What Wall Street thinks of Fed interest rates for 2024

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Wall Street institutions have released forecasts on which direction the Federal Reserve could push interest rates next year. Yahoo Finance Head of News Myles Udland comments on predictions for Fed rate cuts in 2024, while also commenting on stock market projections and analyst outlooks on future corporate earnings. 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 #wallstreet #stockmarket 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: […]