Visa (V) shares soared to a new all-time high Friday morning, continuing an upward trajectory for the stock since the company’s last earnings report. In its recent financial results, Visa offered an optimistic view regarding consumer spending patterns going forward. Yahoo Finance’s Akiko Fujita and Rachelle Akuffo break down the details of this trending ticker. #youtube #stockmarket #yahoofinance Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb 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. Connect with Yahoo Finance: Check the latest news and data at finance.yahoo.com Follow Yahoo Finance on social: […]
Nvidia (NVDA) shares closed slightly lower on Friday following a Reuters report that the chipmaker has to delay the launch of its AI-focused chip for China, one that was specifically designed to comply with US restrictions on certain chips being exported to the country. Constellation Research Founder and Principal Analyst R “Ray” Wang explains that “it’s not easy to get a chip out there. It’s not easy to get a chip certified.” Wang tells Yahoo Finance Live that though this delay could leave an opening for Huawei, given how long it takes to develop a chip, it’s going to be just as hard for other rivals to get into the […]
As bitcoin prices edge nearer to $38,000 and beyond, Cathie Wood’s ARK Invest firm is reducing its holdings in Grayscale’s bitcoin trust (GBTC). Yahoo Finance Senior Markets Reporter Jared Blikre takes a closer look at the performances of ARK’s various funds. #bitcoin #crypto #youtube For more expert insight and the latest market action, click here to watch: Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb 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. Connect with Yahoo Finance: Check the latest news and data at finance.yahoo.com Follow Yahoo Finance on social: Connect […]
According to a new note from Bank of America Global Research (BAC), a large amount of money has flowed into the stock market recently, the biggest 2-week inflow since February of 2022. With inflation cooling and many believing the Federal Reserve is done with rate hikes, bullish sentiments have picked up. One bright spot leading the charge has been in the tech sector, with some of the Magnificent Seven leading large gains in the S&P 500 (^GSPC). Yahoo Finance Anchors Brad Smith and Seana Smith break down the note from Bank of America and give insight into what the market could look like going forward. For more expert insight and […]
More Wall Street strategists are getting increasingly bullish on the stock market with S&P 500 (^GSPC) point targets of 5,000 in 2024. Simplify Asset Management Chief Strategist Michael Green tells Yahoo Finance that inflows into equity assets don’t “feel like a renewed outbreak of optimism” as traders become overinvested to cover short positions. “Most people that are in this situation will acknowledge that a lot of this is simply a function of mechanical flows that are either occurring due to passive investments or systematic and algorithmically-driven strategies — there’s very little thought that seems to be going in,” Green explains. #WallSt #wallstreet #yahoofinance Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo […]
Lipow Oil Associates President Andy Lipow spoke with Yahoo Finance anchors Brad Smith and Seana Smith to detail the latest developments on the timing on the OPEC+ meeting which has now been scheduled online plus the outlook for oil prices for the end of 2023 and into 2024. ”OPEC+ plus has been increasing production over the last couple of months led by Iran, Iraq, Angola, and Nigeria and this is at the same time the burden of the oil market falling on Saudi Arabia shoulders with a production cut of two million barrels a day, Lipow says about disagreements in the oil market which have led to delays and impact […]
Nvidia (NVDA) shares fell in early trading on Friday after Reuters reported that the company is delaying the launch of an AI chip that was designed to get around restrictions on AI chip exports to China. Yahoo Finance Tech Editor Dan Howley discusses the report and what it means for Nvidia. #youtube #Nvidia #stockmarket 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: 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. Connect with […]
Crude oil prices (CL=F, BZ=F) slip further as Saudi Arabia pushes back Sunday’s OPEC+ meeting by another week. Prosper Trading Academy CEO Scott Bauer breaks down OPEC member countries’ sentiments on whether or not to extend oil production cuts. “I think they are buying time to hash that significant piece of the puzzle out before they get together,” Bauer says to Yahoo Finance while commenting on domestic and global oil demands. 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 #oil #gold #youtube About Yahoo Finance: At Yahoo Finance, you get free stock quotes, […]
Fed FOMC meeting minutes reinforce cautious pause on interest rates as inflation cools but economic risks pervade. RBC Capital Markets Head of Rates Strategy Blake Gwinn says stock markets sold off early in 2023 on inflation and supply worries, but the second half of the year data showed progress — especially on CPI (Consumer Price Index) prints — which he says “[changes] the context.” Investors still expect future rate cuts as conditions improve, which Gwinn agrees with but emphasizes persisting uncertainties. Gwinn believes the economy’s resilience may force the Fed to “proactively” ease tightness before a hard landing scenario appears on the horizon. Gwinn notes better data has shifted views […]
The tech industry is still reeling from the days of turmoil at OpenAI. Appian Founder and CEO Matt Calkins (APPN) says that what happened at OpenAI seems to be a “governance failure. Calkins explains that he understands how it can happen, saying “in our industry, the software industry, we’ve got a lot of talented, essential, and sometimes unpolished people and the board’s job is to educate, not necessarily to discipline, but to try to smooth the edges without killing the golden goose.” Calkins doesn’t think that issues at OpenAI are resolved, but that these changes represent “a chance to reset.” For more expert insight and the latest market action, click […]
