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 […]
Mortgages rates have fallen for the fourth week in a row. The average rate for a 30-year fixed-rate mortgage is down to 7.29%, according to Freddie Mac. That rate is still higher than it was a year ago, but it has been enough to lure some buyers back into the market, with the Mortgage Brokers Association reporting an uptick in mortgage applications. So what does this all mean for 2024? Morgan Stanley economists say there are a lot of factors that will be driving the housing market next year, but their base case is that home prices will fall 3% if mortgage rates come down. Yahoo Finance Housing Reporter Dani […]
Moody’s Analytics Chief Economist Mark Zandi joins Yahoo Finance Live to weigh in on the state of the real estate market and financial sectors plus areas for concern following regional bank failures in early 2023. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #realestate #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. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your […]
Microsoft (MSFT) shares rose amid drama at AI partner OpenAI, after MSFT offered jobs to OpenAI staff following CEO Sam Altman’s swift firing and rehiring. Piper Sandler Analyst Brent Bracelin says despite tensions, Microsoft retains strong AI footing with Azure, ChatGPT integration and its OpenAI-powered Copilot. Bracelin says establishing OpenAI’s governance post the leadership shakeup is now imperative. He argues Microsoft rightly lent Altman support, though the episode exposed Microsoft’s lack of control in the company despite being a major shareholder. By hiring Altman temporarily and reaffirming OpenAI ties, Bracelin speculates Microsoft may gain an OpenAI board seat. Still, OpenAI’s internal volatility spotlights the need for both clarity around decision-making […]
RBC Capital Markets joins the ranks of Wall Street strategists projecting a 5,000-point target for the S&P 500 (^GSPC) to reach in 2024, alongside forecasts from Bank of America and Federate Hermes. Yahoo Finance Live breaks down RBC Head of U.S. Equity Strategy Lori Calvasina’s note on market outlook. 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 #stocks #youtube #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. Yahoo Finance […]
Amazon (AMZN) Founder and Executive Chairman Jeff Bezos is reportedly seeking to sell 8 to 10 million of his Amazon shares — worth up to $1 billion — according to CNBC. Yahoo Finance Live examines the former CEO’s timeline of past stock sales while he currently owns 988 million shares in the e-commerce retailer. 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 #Amazon #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 […]
Oil prices (CL=F, BZ=F) fell sharply after OPEC+ decided to postpone the meeting that was supposed to be held November 25-26. The cartel will now meet on Thursday, November 30. In the video above, Yahoo Finance’s Ines Ferré explains the possible reasons why the meeting was delayed. 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 help you manage your financial life. Yahoo Finance Plus: With a subscription to […]
Nvidia (NVDA) released its third-quarter earnings report Tuesday afternoon after the closing bell, once again beating Wall Street expectations. Third-quarter revenue increased 34% from the prior quarter and is up 206% year-over-year, reflecting the massive rise in demand for AI models and chips. While concerns loom over the Chinese market and recent US restrictions over semiconductor chip exports, it doesn’t seem like much is in the way of this company’s dominating presence. Wedbush Managing Director and Senior Equity Analyst Dan Ives joins Yahoo Finance to discuss Nvidia’s dominance in the tech sector and outline what is in store for the company’s future. “It shows that this AI gold rush is […]
Israel and Hamas reach a deal to release 50 Israeli hostages, Pope Francis meets some of the hostage’s families and a storm system makes its way across the northeast that could affect Thanksgiving travel. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. […]
Israel and Hamas reach a deal to release 50 Israeli hostages, Pope Francis meets some of the hostage’s families and a storm system makes its way across the northeast that could affect Thanksgiving travel. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. […]
