Presidents Biden and Xi Jinping met Wednesday at the APEC summit, with both sides deeming talks constructive. They agreed to reopen military communications and increase cooperation on climate change and the environment. However, key disputes around technology sanctions and fentanyl trafficking went unresolved. Xi and Biden made no apparent progress on these issues amid ongoing trade and security tensions. Yahoo Finance Senior Reporter Rick Newman analyzes critical points left out of the leaders’ meeting, including China’s support for Russia as geopolitical tensions in Ukraine continue. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #Biden #Xi Subscribe to […]
Home builder sentiment falls again in November for the fourth consecutive month — and the lowest level since December of last year — according to the National Association of Home Builders (NAHB). Yahoo Finance Housing Reporter Dani Romero highlights the challenges homebuilders face in the US housing market as prospective buyers wade through elevated mortgage rates. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #realestate #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, social interaction and mortgage rates that help […]
On the backdrop of President Biden’s meeting with China’s Xi Jinping this week, Alibaba (BABA) has scrapped plans to spin off its cloud segment, citing the Biden administration’s recent export restrictions on AI chips to China. KraneShares Chief Investment Officer Branden Ahern comments on Alibaba’s value amid international trade pressures and what US tariffs could mean for Chinese business relations. “The Biden administration is looking to reset the relationship,” Ahern tells Yahoo Finance on easing trade tensions with China, adding on Biden’s meeting with President Xi: “There’s clearly [an] effort to stabilize the relationship, and I think that there’s really strong progress from the four-hour meeting around further military communication.” […]
Nvidia (NVDA) shares have begun to enter overbought territory for the first time since July of this year. Nvidia is part of an array of technology stocks rebounding amid cooling inflation and hopes that Federal Reserve interest rates have peaked. On Monday, the company announced several updates on its artificial intelligence processors, giving a boost in trading. Yahoo Finance Reporter Jared Blikre joins the Live show to break down the semiconductor giant’s previous win streak. 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 #tech #yahoofinance About Yahoo Finance: At Yahoo Finance, you […]
The APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco continues after its headline event: President Biden’s meeting with Chinese President Xi Jinping on Wednesday. Chinese stocks are seemingly still reeling from the talks between the world leaders and forecasts on business investments into China, as Alibaba (BABA), Pinduoduo (PDD), and JD.com (JD) shares see losses in today’s pre-market trading. Yahoo Finance Markets Reporter Jared Blikre takes a closer look at Chinese and China-exposed stocks in relation to China’s expected GDP decline. 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 #China #Biden #youtube About […]
Barclays strategists are forecasting global equities to outpace bonds in 2024 as markets navigate a soft economic landing. The bank predicts mid- to high single-digit stock returns amid moderate growth and slowing inflation. This outlook contrasts Barclays’ previous “cash is king” mindset. Yahoo Finance Live examines Barclays’ evolving perspective on stocks. 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 #stockmarket #yahoofinance 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. […]
The US housing market is long overdue to catch a break as experts believe peaking mortgage rates have come just in time alongside Fed forecasts planning for interest rate cuts in 2024. Redfin Chief Economist Daryl Fairweather tells Yahoo Finance this could be a set up for a slow recovery for homebuyers. “It’s going to be more of a slow trickle of people deciding that ‘you know, I can’t wait any longer and I want to move,'” Fairweather comments, “but a strong economy does mean that more people are moving for job opportunities — they feel more confident, they feel like even though rates are high, they can make it […]
President Biden’s face-to-face meeting with China’s Xi Jinping today marks the most significant talks between the leaders of the two nations since Nixon’s China visit, according to author and attorney Dennis Unkovic. However, Unkovic believes meaningful change post-summit will be limited to the military sectors. Unkovic notes that unlike during Nixon’s time, China now operates on an equal playing field and has greater demands. However, he thinks “Biden either can’t or won’t deliver” on core Chinese interests. He highlights the military communication breakdown following House Speaker Pelosi’s Taiwan visit against Xi’s wishes. Unkovic says reopening direct lines between U.S. and Chinese military officials is crucial in case crises emerge. “If […]
Cisco (CSCO) reported fiscal first quarter results that topped analyst estimates, but the guidance fell short of expectations. In the first quarter, the tech giant reported adjusted earnings of $1.11 per share versus estimates of $1.03 and revenue of $14.67 billion compared to an expectation of $14.63 billion. However, Cisco’s second quarter and full-year revenue guidance was well below what Wall Street had been expecting. Its revenue outlook for the second quarter is $12.6-$12.8 billion compared to a $14.2 billion estimate. Cisco cut its full-year revenue outlook to $53.8-$55.0 billion versus the previous estimate of $57-$58.2 billion. Yahoo Finance Live breaks down Cisco’s first quarter report. Subscribe to Yahoo Finance: […]
As 2024 comes upon investors faster with every day, experts are now believing the Fed may reach its inflation mandates and promote GDP growth in the new year with a recession. Yardeni Research President Ed Yardeni explains the economy has been more resilient than even he expected, reconsidering his past recession calls. “It’s almost contrary to agree with the Fed, and I’ve been a contrarian saying the Fed may actually get it right. Inflation may come down and they may get it without a recession,” Yardeni tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe […]
