The Federal Reserve Bank of New York’s Household Debt and Credit report shows Americans owe approximately $1.08 trillion in credit card debt. This represents a $154 billion year-over-year increase, the largest annual jump since 1999. The report also found rising delinquencies across age groups, specifically among millennials aged 30-39. Yahoo Finance’s Rachelle Akuffo and Jared Blikre break down all the details. or 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 […]
Will there be a recession or not? It depends on who you ask. Raymond James CEO Paul Reilly (RJF) tells Yahoo Finance Live that he sees a soft landing ahead for the economy. “It’s hard to have a really big recession when everyone who wants to work can work and wages are going up, so I think the soft landing scenario is kind of where I would land,” Reilly says. Watch the video above to see what Reilly has to say about what a soft landing means for Raymond James. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. […]
Take-Two Interactive (TTWO) may soon announce details about the highly anticipated Grand Theft Auto 6, according to a Bloomberg report. The Grand Theft Auto franchise has sold over 405 million units to date, with the most recent entry, GTA 5, launching a decade ago in 2013. GTA 5 has sold over 185 million units as of Take-Two’s last earnings report, generating over $1 billion in sales. Yahoo Finance’s Tech Editor Dan Howley analyzed the enduring popularity of the decades-old GTA franchise, providing insights into the rumored GTA 6 release and what a new entry in the blockbuster series could mean for Take-Two Interactive. For more expert insight and the latest […]
Before the pandemic, WeWork (WE) was valued at $47 billion, quite the high for a company that just filed for Chapter 11 bankruptcy on Monday. According to Bloomberg, the company’s first appearance in bankruptcy court will be on Wednesday, to settle the $4 billion debt it can’t afford to pay back. The George Washington University School of Business Professor Christopher Kayes joins Yahoo Finance to discuss WeWork’s fall from grace as a startup darling, how it got to this point, and whether or not the original valuation was overhyped. “This is a company that never really had a business model that met the overhyped expectations that were placed on it. […]
Earnings season has almost come and gone for the past quarter and whether the Fed’s higher for longer interest rates have filtered through the markets has been a topic of many discussions. Ellen Hazen, F.L. Putnam Investment Management Co. Chief Market Strategist and Portfolio Manager, joins Yahoo Finance Live anchors Seana Smith and Brad Smith to discuss consistent stock performers following a majority underwhelming earnings season for tech giants like the Magnificent Seven stocks. “We’re looking at very steady, high cash flow, high return on invested capital compounders,” Hazen says, listing companies like Paychex (PAYX) and waste management provider Republic Services (RSG), later adding: “So some of these ‘steady-eddy’ companies […]
Shares of Robinhood (HOOD) are down 10% Wednesday morning after it reported a slowdown in trading activity in the third quarter, with transaction-based revenues declining by 11% year-on-year The company’s third-quarter revenue of $467 million missed expectations of $478.9 million. Yahoo Finance Anchors Seana Smith and Brad Smith break down the latest numbers with the stock. 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 […]
While most investors believe another rate hike is on the way, DoubleLine Founder and CEO Jeffrey Gundlach is not one of them. During Yahoo Finance Invest, Gundlach told Executive Editor Brian Sozzi “I think the Fed has stopped raising interest rates, I don’t think they’re gonna do it again.” The uncertainty surrounding the Federal Reserve this year has caused ripple effects in the markets, raising concerns about just how all of this will end. Gundlach explained his biggest concern right now, saying, “What worries me the most is the concept of higher for longer.” He explained that he does not think the Fed will cut rates in 2024, rather they […]
In the current market environment, sometimes safe-haven assets aren’t guaranteed safe investments anymore. Universa Investments Founder and Chief Investment Officer Mark Spitznagel sits down with Yahoo Finance’s Head of News Myles Udland to discuss his investment philosophy emphasizing cost-effective save-haven strategies. “Risk mitigation can end up being the costliest thing we do as investors,” Spitznagel explains on safe-haven assets. “We need to think of our safe havens as being cost-effective — which is something you don’t often hear used in the investing industry simply because risk mitigation typically is not affected, hardly ever is — and cost is usually a cure that is worse than the disease.” Spitznagel calls Treasury […]
The 2024 presidential election is only one year away. The U.S. economy has seen a multitude of headwinds, with much speculation of a potential recession. NYU Stern School of Business Professor Emeritus Nouriel Roubini joins Yahoo Finance Senior Columnist Rick Newman to discuss the possibilities of what the economy will look like as election season starts to heat up. Roubini warns: “Even a short and shallow recession will be very damaging for Biden, because a recession during an election year, of course, his popularity will further decline.” Click here to watch more from Yahoo Finance Invest. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #interest rates #Trump #Biden About Yahoo Finance: At […]
The stock market had its best week of 2023 last week with the Dow Jones Industrial Average (^DJI), S&P 500 (^GSPC) Nasdaq Composite (^IXIC) gaining over 5% each. Investors are closely watching upcoming earnings reports and the next decision from the Federal Reserve to see if the market can continue its rally. UBS Private Wealth Management Managing Director Brad Bernstein joins Yahoo Finance to discuss the Central Bank’s next moves and what investors should consider as strategy heading into next year. When asked about the 10-year Treasury yield, Bernstein explains that “we see the 10-year by next summer, potentially, down 100 basis points from here. We are recommending right now […]
