The jobs report for October showed slowing labor growth as the U.S. unemployment rate slightly increased. The prolonged strikes from auto workers, Hollywood actors, and healthcare workers are significant contributors to the jobs slowdown, according to the Bureau of Labor Statistics survey conducted during the middle of these strikes. Yahoo Finance Reporters Alexandra Canal and Anjalee Khemlani join the Live show to discuss the impact strikes had on the jobs report and how the future of the strikes may continue to impact their respective markets. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #yahoofinance #stockmarket Subscribe to […]
Apple (AAPL) stock dipped Friday morning despite reporting a fiscal fourth-quarter earnings beat, communicating caution on its growth outlook in China. While new iPhone launches alone may not be enough to propel the stock forward, could Apple’s services segment be just what it was looking for all along? Yahoo Finance Tech Editor Dan Howley details Apple services segment’s overwhelming $22.3 billion in net sales and the growth it could offer to the company as Apple unveils new M3 semiconductor chips and wearable devices. 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 […]
Sam Bankman-Fried, former CEO of crypto exchange FTX, has been convicted on all seven fraud charges at his criminal trial. The charges are related to allegations that Bankman-Fried deceived FTX customers and investors, misusing billions in client funds. The guilty verdict carries a maximum penalty of up to 110 years in prison if Bankman-Fried receives the highest sentence for each count. Former Federal Prosecutor Renato Mariotti explains that the conviction is “[sending] a message to the crypto industry,” which U.S. regulators appointed by the Biden administration are watching closely. He notes substantial resources were used for this case, defying expectations that Bankman-Fried’s Democratic ties would allow for leniency. “I really […]
Crypto platform Coinbase (COIN) posted a mixed third-quarter earnings report, beating revenue estimates as trading volumes declined over the quarter. Yahoo Finance Live monitor Coinbase’s stock action while sharing a consensus on the overall crypto landscape, referencing fallout from recent crypto scandals including FTX’s collapse while under the helm of Sam Bankman-Fried. 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 #crypto #youtube 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 […]
A New York City jury convicted FTX founder Sam Bankman-Fried of fraud on Thursday after less than 5 hours of deliberation. He was found guilty of all 7 charges, with sentencing to take place on March 28, 2024. Bankman-Fried may also have to face another set of criminal charges that allege he committed bank fraud and bribed Chinese officials. Yahoo Finance Legal Reporter Alexis Keenan joins the Live show to break down everything involved in the trial and the decision handed down by the jury. 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 […]
October’s jobs data came out cooler than expected Friday morning, reporting nonfarm payroll growth of only 150,000 jobs — short of economist estimates of 180,000. The unemployment rate rose slightly to 3.9% while wage growth rose to 4.1%. Is this softening in the labor market good for the economy or just good for the Fed’s monetary policy? The Conference Board Chief Economist Dana Peterson and RSM Chief Economist Joe Brusuelas share their views on the cooling jobs data, which Peterson characterized as “the same story” coming out companies and their hiring practices, which is setting the stage for a “short and shallow recession in the first half of next year.” […]
Yahoo Finance anchors Brad Smith and Akiko Fujita break down the jobs report for October 2023. The US economy added 150,000 jobs in October while the unemployment rate ticked higher to 3.9% indicating signs of a slowing labor market after a robust September report. Economists surveyed by Bloomberg had expected 180,000 jobs were added in October while also projecting the unemployment rate would remain flat. The Bureau of Labor Statistics cited a decline in manufacturing due to “strike activity,” amid the United Auto Workers strike across plants at three major auto manufacturers. Employment in the manufacturing sector decreased by 35,000 in October due to the strike activity, per BLS. Earlier […]
While boasting a third-quarter revenue beat, biotech firm Moderna (MRNA) reported an overwhelmingly higher-than-expected loss of $9.53 per share. Its shares find themselves under pressure over weakening COVID-19 vaccine demand. Moderna’s Chief Financial Officer Jamey Mock joins Yahoo Finance’s Anjalee Khemlani to discuss the company’s forward strategy. Mock notes that the company aims to “break-even by 2026,” acknowledging investors’ concerns. Mock’s optimism for the 2026 deadline is based on “organic growth opportunity” in the late-stage product pipeline with plans to introduce RSV and flu vaccines in the coming years. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube […]
U.S. President Joe Biden and Chinese President Xi Jinping are slated to meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. The two leaders are expected to talk about a range of topics including nuclear armaments and trade. The talks have been emphasized after Secretary of the Treasury Dept. Janet Yellen made remarks on how the U.S. “does not seek to decouple from China”, but should be considerate of its stance on human rights and national security. China Beige Book Co-Founder and CEO Leland Miller joins Yahoo Finance to discuss U.S.-China relations as well as the challenges the Biden administration has in its policies toward […]
Block (SQ) reported third-quarter results that topped Wall Street estimates on both the top and bottom lines. The fintech company reported adjusted earnings of $0.55 per share compared to estimates of $0.45 cents and revenue of $5.62 billion versus expectations of $5.47 billion. The company also raised its full-year adjusted EBITDA forecast for 2023 and issued upbeat guidance for 2024. Yahoo Finance Live breaks down the report. 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 […]
