Archive List for FX

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 […]

Apple (AAPL) reported fiscal fourth-quarter results that topped Street expectations. The tech giant reported earnings per share of $1.46 compared to estimates of $1.39 and revenue of $89.50 billion versus estimates of $89.35 billion. The results got a boost from better-than-expected iPhone sales and its services segment. Greater China sales missed analyst estimates, however. Tom Forte, D.A. Davidson Managing Director and Senior Research Analyst, discusses Apple’s earnings results ahead of its earnings calls and the challenges the iPhone maker is seeing in device sales and China. “The 2% decline in China is a concern and China is about 20% of revenue for Apple,” Forte tells Yahoo Finance. “But, again, investors […]

On the backdrop of rising Treasury yields and a chance the Fed could raise interest rates one last time in 2023, new opportunities are blooming in once-lagging sectors. Ameriprise Financial Private Wealth Advisor Nancy Daoud explains the areas and stocks she is advising clients on investing in. “As far as opportunity, we always look for what has taken the biggest hit,” Daoud says. “So, I see opportunity in small-cap stocks because they’re down significantly, have not performed as well as large cap, but with a great deal of caution and risk appetite check…” For more expert insight and the latest market action, click here to watch this full episode of […]

In an exclusive interview with Yahoo Finance, JPMorgan Chase CEO Jamie Dimon says that, when it comes to geopolitics, U.S. political turmoil has “created a certain amount of uncertainty that I wish we hadn’t.” Eurasia Group Founder and President Ian Bremmer weighs in, saying that for global economic stability, “the United States has to not just display power, but has to display credibility, and that is the challenge.” Bremmer says the U.S. isn’t viewed as the democratic leader that it used to be, arguing that a big reason for that is “Americans increasingly don’t know what their country stands for. Americans increasingly don’t believe in their own political leaders… the […]