West Virginia Senator Joe Manchin (D) announced he will not seek re-election in 2024, ending his tenure in the U.S. Senate. However, Manchin indicated he is not done with politics, though his specific plans remain unclear. Manchin’s announcement opens up speculation about his political future, even giving rise to talk of a 2024 presidential bid as an independent candidate. Yahoo Finance’s Rick Newman analyzes Manchin’s options coming out of his Senate career, providing insight on how the lawmaker could impact the 2024 presidential race if he ran as an independent. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. […]
The Federal Reserve Chair Jerome Powell spoke at the International Monetary Fund in Washington Thursday afternoon, maintaining that monetary policy is in “restrictive territory.” However, Powell would continue on to say “if it becomes appropriate to tighten policy further, we will not hesitate to do so” suggesting that raising rates is still on the table. Yahoo Finance Senior Reporter Jennifer Schonberger joins the Live show to discuss Powell’s speech. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #JeromePowell #youtube Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, […]
Stocks closed lower on Thursday, with the S&P 500 (^GSPC) ending in negative territory. A bond auction sparked a sell-off on Wall Street that left all three major indices red for the day. Yahoo Finance’s Jared Blikre analyzes the bond market moves that drove broader selling as investors weigh the impacts of Fed Chair Jerome Powell’s earlier comments to the International Monetary Fund. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #JeromePowell #yahoofinance 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, […]
Treasury yields are taking a bow and retreating below 5% rates as stocks dip on the backend of Fed Chair Jerome Powell’s comments to the International Monetary Fund on Thursday. The Wealth Alliance President and Managing Director Eric Diton explains what bond market moves and the status of the economy may mean for the trajectory of future interest rate policies. “Despite the strong 4.9 third-quarter GDP, which was really due to a low savings rate, that was an anomaly… the bottom line is I see a slowing economy but I do not see a recession,” DIton explains. For more expert insight and the latest market action, click here to watch […]
After 118 days of strikes, the Screen Actors Guild‐American Federation of Television and Radio Artists (SAG-AFTRA) has reached a tentative deal with major Hollywood studios valued at $1 billion. The union had been fighting for improved working conditions, protections against misuse of artificial intelligence, and increased residuals for streaming projects. Specific terms of the deal will be made public on Friday pending ratification by the SAG-AFTRA national board. The lengthy strikes had disrupted film and TV production, impacting Los Angeles’ economy. Yahoo Finance senior reporter Alexandra Canal analyzes how the approval of this deal could get Hollywood back on track. For more expert insight and the latest market action, click […]
The rally in the S&P 500 (^GSPC) could “have some legs” if the US 10-year yield (^TNX) falls below 4.5%, according to Freedom Capital Markets Chief Global Strategist Jay Woods. One of the stocks that has been carrying the S&P 500 is Apple (AAPL). Woods says that Apple could reach new 52-week highs based on the stock’s recent price action. 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 that […]
Apple (AAPL) may have to pay $14 billion dollars in back taxes to the country of Ireland after advisors to the European Union’s highest court claims the court should re-evaluate a 2020 decision to squash the money owed, claiming legal mistakes made by the court as grounds for the re-evaluation. Yahoo Finance Tech Editor Dan Howley joins the Live show to break down this development and the background for the massive tax bill. 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 […]
Gold (GC=F) is under pressure after nearly reaching the $2,000 mark. A big buyer of gold has been central banks and it is possible that, in 2023, those purchases could exceed those from last year. Yahoo Finance’s Jared Blikre deep dives into recent history of purchasing trends of central banks and the possible impact of the Mideast conflict on the 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 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 […]
Take-Two Interactive (TTWO) stock extends its gains surrounding its new announcement on the long-awaited Grand Theft Auto VI while also reporting fiscal second-quarter earnings. Michael Pachter, Wedbush Securities Managing Director of Equity Research, explains how the stock continues to react to the slightest detail on the next Grand Theft Auto installment and whether it is all hype or not at the moment. “The biggest problem investors have with Take-Two is lack of visibility,” Pachter tells Yahoo Finance on the developer’s history of teasing this title. “The stock is not trading on yesterday’s print or the hype around upcoming titles. It’s solely up on GTA, it’s going to have a trailer […]
Nvidia (NVDA) shares climbed after reports that the chipmaker plans to release three new AI chips specifically for China. This follows Nvidia announcing last month that new export restrictions may prevent it from selling its top AI chips in China. Nvidia currently dominates China’s AI chip market with over a 90% share. These alternative AI processors aim to comply with regulations. Yahoo Finance’s Tech Editor Dan Howley discusses the new China-exclusive chips Nvidia is reportedly creating to bypass trade limits on its AI semiconductors, providing insights on other tech firms affected by heightened export controls to China. For more expert insight and the latest market action, click here to watch […]
