Archive List for Money

TikTok generates $10B in consumer spending: Report

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yahoo finance

According to a report from data.ai, TikTok is now the first non-gaming mobile app to generate $10 billion in consumer spending. The report also predicts that the app will reach another milestone of $15 billion in consumer spending next year. TikTok has joined an elite group, becoming one of only five apps to do so. Yahoo Finance Tech Reporter Dan Howley joins the Live show to put these numbers into context and discuss what this means for the video app going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo Finance provides free stock […]

AI, tech stocks, and the Magnificent Seven: What investors should be looking for

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yahoo finance

Dominating the tech-heavy S&P 500 (^GSPC) this year were the Magnificent Seven tech stocks — Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) — which are up around 70% year-to-date. Many of these companies have, in some form or another, implemented the buzziest tech of Wall Street: Artificial intelligence. With such a strong performance, it begs the question of whether these companies and AI have hit their peaks or will they continue to grow in 2024? TECHnalysis Research, LLC President and Chief Analyst Bob O’Donnell joins Yahoo Finance to discuss AI and its use within these companies as we head into 2024. […]

Amazon is JPMorgan’s top internet stock pick

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yahoo finance

JPMorgan released its picks for the internet sector in 2024. These picks include Amazon (AMZN), Uber (UBER) and Alphabet (GOOG,GOOGL). J.P. Morgan cites reasonable valuation, proven profitability, and potential for growth as its reasons for picking those stocks.. Yahoo Finance Anchors Brad Smith and Seana Smith break down the stocks and what it could mean for them going forward. #Amazon #Google #youtube 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. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) […]

Fed Chair Jerome Powell’s comments on Dec FOMC meeting: Key takeaways

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yahoo finance

The Federal Reserve has decided to pause interest rates and hold them where they are for the month of December. In a press conference coming out of the December FOMC meeting, Fed Chair Jerome Powell state officials want to see more progress made on inflation in their monetary policy. Yahoo Finance Fed Reporter Jennifer Schonberger breaks down the top takeaways from Powell’s statement and the Fed’s 2024 economic expectations outlined in his comments. #stockmarket #youtube #jeromepowell 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. – Get the latest […]

Fed rate cuts and the economy: Economic impacts of pandemic ‘longer lasting’ than thought

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yahoo finance

The Federal Reserve has announced its decision to leave interest rates unchanged for the remainder of 2023, leaving investors unsure about what may lie ahead for the US economy and markets in 2024. Vanguard Senior Economist Andrew Patterson and Andrew Levin Dartmouth College Professor of Economics join Yahoo Finance Live to weigh in on the profound impacts the COVID-19 pandemic has left on the US economy. “We’re not done here, these core measures of service inflation are high and workers want to catch up with the cost of living, and those things are not over yet,” Levin, a former Federal Reserve Board Special Adviser, notes. “Whether you’re talking about inflation… […]

Fed suddenly ‘seems to be dovish,’ strategist explains

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yahoo finance

The Federal Reserve announced they will be holding interest rates steady. Fed Chair Jerome Powell revealed that potential future rate cuts have been discussed. Yardeni Research President Ed Yardeni says the Fed’s decision and messaging were “very rationale” and a “correct assessment.” In his view, the Fed’s monetary policy signals the economy is slowing as expected without entering recession territory, while inflation continues on a moderating trajectory. “All of a sudden the Fed seems to be dovish,” Yardeni exclaims, believing recent commentary points to a pivot to an easing policy stance. With the change in tone, Yardeni now predicts a Fed rate cut is possible as early as March 2024. […]

Fed isn’t in last mile on inflation just yet: Dartmouth College of Economics Professor

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yahoo finance

Coming out of the December FOMC meeting, Federal Reserve officials have opted to hold interest rates where they are for the remainder of 2023 and signaled up to three rate cuts over the next year. Dartmouth College Economics Professor Andrew Levin reacts to the Fed’s rate decision, the direction of inflation, and what this economic environment may mean for US workers. “When we think of a marathon, the last mile is like you’re 95% of the way there. The supercore [inflation] peaked at around 6% on a 12-month basis, right now it’s around 4% but it’s actually been heading up over the last three months,” Levin, a former Federal Reserve […]

Stocks: Why a Fed pause could be good for the market

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yahoo finance

The Federal Reserve is widely expected to keep rates where they are into 2024. That may be a good thing for the stock market. Yahoo Finance Markets Reporter Josh Schafer examines how stocks (^DJI, ^GSPC, ^IXIC) have reacted to recent rate pause decisions. #yahoofinance #FederalReserve #youtube 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. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: […]

2024 Fed rate cuts outlook: ‘3 or 4 cuts in the back half of next year’: JPMorgan’s Jack Manley

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yahoo finance

The Federal Reserve is expected to cut rates in 2024. The big question is: When in 2024? J.P. Morgan Asset Management Global Market Strategist Jack Manley doesn’t think it’s going to as early as some investors expect and that “volatility is the name of the game.” Manley thinks that in 2024 there will be room for “opening up the opportunity set a little bit and remembering there are 490+ names in the S&P 500 that haven’t done a whole lot of anything,” referencing the outperformance of the Magnificent Seven tech stocks. Manley says volatility will create a “ripe environment” for active management. Watch the video above to hear how Manley […]

Chinese government to focus on industrial sector in 2024

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yahoo finance

Chinese economic leaders released their plan for 2024 naming industrial policy as their top priority, much to the dismay of investors who wished to see a stimulus to boost overall growth. In turn, many Chinese stocks began to trend downward after the announcement. Yahoo Finance Markets Reporter Jared Blikre joins the Live show to break down China’s most recent economic data points and how China-based stocks are reacting. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more […]