The US House Ways and Means Committee has proposed a strategy for Medicare to cover GLP-1 weight-loss drugs like Novo Nordisk’s (NVO) Wegovy and Eli Lily’s (LLY) Zepbound. Yahoo Finance Health Reporter Anjalee Khemlani breaks down the details of the proposed bill ahead of Thursday’s vote to amend part of the Treat and Reduce Obesity Act of 2023. 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) – […]
Citi Global Markets posted its US Economic Surprise Index, which has reached its lowest level in over a year. Citi head of equity trading strategy Stuart Kaiser joins Catalysts to give insight into the US Economic Surprise Index and what it means for the broader market. “The reason surprise has gone negative is because consensus has revised up their numbers as the recession hasn’t materialized. So you kind of set a higher bar from consensus. Now, the data has been coming in below that higher bar since early May. So it’s concerning just in the sense you have negative surprise on hard economic data,” Kaiser tells Yahoo Finance. About Yahoo […]
US new home sales dove by 11.3% month-over-month in May, a noticeable difference between expectations for just a 0.2% drop. The US Census Bureau also reported that median new home prices fell to $417,400 in the month. Catalysts Hosts Seana Smith and Madison Mills sift through the fresh housing data and its relation to elevated mortgage rates and homebuilder sentiments. 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 […]
59% of employees not saving for retirement believe they are saving for retirement, according to Principal Financial Group. IRAHelp.com Founder & CPA Ed Slott joins Wealth! to discuss retirement plans and some of the changes that you should take advantage of. “Everybody thinks inflation is bad, and I get that because things cost more. But when it comes to taxes, inflation is great because tax brackets expand too. So more money can come out at lower rates. And the other opportunity now is the low rates… We have historic low tax rates now. So the key to anybody saving for retirement is if you have an IRA, a 401(k), remember […]
Recent Case-Shiller data reveals that home prices in the 20 largest US cities have surged by an average of 7.2% year over year. In light of this increase, Structured Finance Association CEO Michael Bright joins Wealth! to offer insights into how borrowers can potentially reduce their loan burdens. Bright emphasizes the importance of working with a broker agent and thoroughly exploring options. He advises homebuyers to “shop around” and build relationships with brokers. These connections can potentially help borrowers “get a loan at a lower rate than you otherwise would.” “I really don’t want houses to continue to be unaffordable for so many Americans, and we are at historic unaffordability […]
Former President Donald Trump has become the first US president to ever be convicted of a felony. A New York jury found the former commander-in-chief guilty on all 34 charges related to his hush money trial, a pivotal moment in American political history. However, the courts have not seen the last of Trump, as he faces additional trials on the horizon. Yahoo Finance’s Rick Newman breaks down the details, shedding light on the other criminal cases looming over the former president. #youtube #news #Trump 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 […]
On Thursday afternoon, former President Donald Trump was found guilty by a New York jury on all 34 counts tied to falsifying business records in his criminal trial. Former Federal Prosecutor Renato Mariotti joins Morning Brief to give insight into the guilty verdict and what it means for Trump moving forward with his pending cases and presidential campaign. “I think it’s very fair to say that this case was winnable for the defense, but they really pursued a very poor strategy, and I think it will be interesting to see if they repeat that similar, very Trumpian strategy in the subsequent cases,” Mariotti, who is also a POLITICO Magazine Columnist […]
Discount retailer Dollar General (DG) is getting a lift on its first-quarter earnings beat, reporting $9.91 billion in revenue ($9.88 billion expected) and adjusted earnings of $1.65 per share ($1.57 expected). Dollar General’s same-store sales have risen 2.4% year-over-year, an integral part of the store’s decision to reaffirm its full-year guidance. Loop Capital Markets Managing Director Anthony Chukumba details what retail earnings have been indicating about the US consumer and where Dollar General fits into Americans’ budgets in this inflationary environment. “Dollar General is kind of at an interesting sort of point right now because, remember, like last year was an absolute positive dumpster fire for Dollar General — comps […]
The Securities and Exchange Commission (SEC) has given approval for US stock exchanges to begin listing ether ETFs, following in the footsteps of the spot bitcoin ETFs (BTC-USD) greenlit at the beginning of 2024. But what exactly are the fundamental differences between the two major cryptocurrencies (ETH-USD) and the blockchain networks they run on? Wealth! Host Brad Smith breaks it all down. #youtube #Ether #crypto 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 […]
In Nvidia’s (NVDA) broad earnings beat reported on Wednesday, the chip giant announced a 10-for-1 stock split to be implemented for current shareholders on June 7. But what exactly is a stock split and what happens to company shares when one is approved? Wealth! Host Brad Smith gives a thorough break down of what happens to corporate stock under a split and the incentive behind one. For more of everything Nvidia, catch Yahoo Finance’s exclusive interview with CEO Jensen Huang. 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. […]
