According to the CME Fedwatch tool, 30% of interest rate traders are pricing in the Fed’s first rate cut to come in March 2024. Verdence Capital Advisors Chief Investment Officer Megan Horneman joins Yahoo Finance Live to weigh in on a feasible timeline for a rate cut. Horneman predicts a rate cut in the second half of next year — possibly even as far out as 2025. Horneman refers to housing, services, and wage inflation as impacting factors that “are still growing on an annual basis well above what the Fed wants.” Horneman plainly points out her concern about rate optimism and insists “some pain in the economy” will be […]
Citigroup (C) has started trimming staff as part an ongoing reorganization, saying in a statement, “the actions we’re taking to reorganize the firm involve some difficult, consequential decisions, but we believe they are the right steps.” These cuts consist of about 300 senior managers, according to a report from Bloomberg. Citigroup CEO Jane Fraser announced in September her plan to restructure and slim down the banking giant. Yahoo Finance Senior Reporter David Hollerith explains the layoffs and what lies ahead for Citigroup. 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 #yahoofinance #bank […]
Oil prices (BZ=F, CL=F) have begun to trend upward after 4 weeks of losses ahead of an OPEC+ meeting this weekend. Geopolitical conflicts, production cuts, and easing US sanctions on Venezuelan oils have contributed to downward price moments. Does this mean there is an opportunity for investors to buy in? Marketgauge.com Chief Strategist Michele Schneider joins Yahoo Finance to discuss her recent note on crude oil and how it’s the new gold buy (GC=F) Schneider puts commodities in perspective to understand oil her stance on oil: “Everybody got so negative on the oil because there was a 20% drop, and I think that’s what’s so dangerous when you talk about […]
The US dollar has faced competing pressures, propelled in markets as a result of high-interest rates prompting inflows, yet also declining as belief grows that the Fed is done with its monetary tightening cycle. The dollar’s strength was spurred by aggressive Fed policy which impacted many emerging market currencies, but with the Fed potentially pausing hikes now, some experts see room for recovery in battered currencies like Argentina’s peso. Argentina faces immense economic hurdles with 143% inflation, negative foreign reserves, and the possibility of a recession. Yet hopes have pinned on newly elected President Javier Milei to lead a turnaround. A key part of his plan is shifting Argentina to […]
Nvidia (NVDA) is the next Big Tech stock on the docket to report earnings on Tuesday, November 21. The chipmaker is not stopping in its investments in AI infrastructure. Stifel Applied Technology Analyst Ruben Roy joins Yahoo Finance Live to take a closer look at global demand for AI semiconductor chips and who are the key frontrunners. Roy explains Nvidia should be able to navigate export restrictions on chip shipments to China while meeting strong global demand, emphasizing that “there is quite a bit of demand.” Competition is increasing as Microsoft (MSFT) is in the midst of developing its own AI chips, but Nvidia still has the best tech for […]
The broader market has seen a bit of a rally, with the S&P 500 (^GSPC) up about 9% since late October. This comes amidst cooling inflation, gains from Big Tech, and commentary from leadership of the Federal Reserve suggesting rate hikes may be over. But, will all of these lead to an extended recovery in the market? Deutsche Bank strategists (DB) have commented that the recent rally has “unwound the impact of the rates volatility and geopolitical shocks rather than pricing in upside to economic growth.” Yahoo Finance Reporter Madison Mills joins the Live show to break down the commentary from Deutsche Bank. For more expert insight and the latest […]
Shares of Nvidia (NVDA) are up a staggering 237% year-to-date as of Monday morning. The chipmaker is set to release its third-quarter earnings Tuesday after the closing bell. The company has become an investor favorite: it’s one of the Magnificent Seven and has been a top stock for Big Tech. Yahoo Finance Anchors Seana Smith and Brad Smith break down Nvidia’s recent market performance and what the third-quarter report could mean for the broader semiconductor sector going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #Nvidia #yahoofinance Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At […]
It was a whirlwind weekend at OpenAI after the board ousted CEO Sam Altman on Friday, which led to pleas from employees and investors to bring him back, only for him to join Microsoft (MSFT) early Monday morning after talks for him to return the company failed. RBC Capital Markets Software Equity Analyst Rishi Jaluria says the move is “a huge coup for Microsoft,” and that bringing Altman on board is “really the best-case scenario for Microsoft given everything that transpired since Friday.” As for what the move means for the Microsoft-OpenAI relationship, Jaluria expects the two companies to continue to work together, but it “remains to be seen” if […]
In the Yahoo Finance series NEXT, Yahoo Finance anchor Allie Garfinkle travels to Matteson, Illinois, and Boston, Massachusetts, for an exclusive look at the future of Amazon’s warehouses, where the e-commerce giant is building and deploying its next generation robots. Amazon’s robotics have become the center of the company’s strategy to fulfill the pledge it makes to you, me, and anyone with a Prime membership — lightning fast delivery. These robots are mission-critical — the company is betting they will be the edge they need to corner online retail and improve margins. Amazon (AMZN) today operates at a scale that was unthinkable in the 1990s, when Jeff Bezos was mailing […]
2023 has seen the lowest volume in mergers & acquisitions deals since 2020, according to Bloomberg Law. A variety of factors make up this year’s uncertainty, but could there be another reason for declining M&A activity? Solomon Partners CEO Marc Cooper joins Yahoo Finance to discuss the current status of the M&A landscape and what the future of corporate mergers could look like heading into next year. “I am cautiously optimistic that things will open up next year… I can see our own volume picking up, our own backlog picking up. Certainly, when it comes to the private equity community, they have to get back in the marketplace and return […]
