October’s Consumer Price Index (CPI) — which gauges inflation — came out flat month-over-month against expectations of an increase of 0.1%. While the CPI print rose 3.2% year-over-year, core CPI — which accounts for everything but food and energy prices — rose lower than expected at 4.0% year-over-year and 0.2% month-over-month. After another month of cooling inflation data, how will Federal Reserve officials position themselves ahead of their December FOMC meeting? Wells Fargo Chief Corporate Economist Tendayi Kapfidze and Citi Global Chief Economist Nathan Sheets join Yahoo Finance Live to comment on the trajectory the Fed could take on interest rates and how the course of disinflation is currently looking. […]
Amazon (AMZN) has made a big bet on robotics, particularly in its warehouses. However, with it’s agreement to purchase Roomba-maker iRobot (IRBT), their robots could be coming to your home too. Jason Del Rey, Tech Business Journalist and Author of Winner Sells All: Amazon, Walmart and the Battle For Our Wallets, says the acquisition “has a lot to do with Amazon’s intent and play to own as much gadgetry and robotics around the home,” highlighting it’s Alexa products and Ring acquisition. When it comes to how to play the robotics space R “Ray” Wang, Constellation Research Principal Analyst and Founder recommends stocks like ABB (ABBNY), Fanuc (FANUY), and SMC Corporation […]
Bernstein released a note on Monday claiming Airbnb (ABNB) to be a top pick for 2024, giving the stock an “Outperform” rating and a $163 price target while citing top-line growth acceleration and increased travel demand. Yahoo Finance Anchors Julie Hyman and Josh Lipton break down the note and why investors should pay attention to this stock. 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 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 […]
Nvidia (NVDA) has launched a new chip — the H200 — alongside a new platform and CPU build, furthering the company’s commitment to AI technology. Yahoo Finance Tech Editor Dan Howley reports on the launch, explains the H200’s new capabilities, and deep dives into Nvidia’s leading stance in the AI chip space. 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 #Nvidia #stockmarket 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 […]
Wall Street institutions have released forecasts on which direction the Federal Reserve could push interest rates next year. Yahoo Finance Head of News Myles Udland comments on predictions for Fed rate cuts in 2024, while also commenting on stock market projections and analyst outlooks on future corporate earnings. 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 #wallstreet #stockmarket 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 life. Yahoo Finance Plus: […]
Morgan Stanley (MS) and Goldman Sachs(GS) economists diverge on their Federal Reserve interest rate forecasts over the next two years. Morgan Stanley expects deep cuts, projecting the Fed funds rate will fall to 2.375% by end of 2025. In contrast, Goldman Sachs sees rates remaining elevated with a small cut in Q4 2024, then dropping every quarter through mid-2026 to between 4.0-4.25% by end of 2025. Yahoo Finance’s Seana Smith and Brad Smith analyze the competing projections, discussing factors like unemployment, equity markets, and the Fed’s inflation outlook. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to […]
Disney’s (DIS) latest Marvel Cinematic Universe (MCU) adventure The Marvels opens to its worst debut weekend in the MCU’s history. Yahoo Finance Entertainment Reporter Alexandra Canal reviews the film’s box office performance so far and why the film may not be performing up to the franchise’s expectations. 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 financial life. Yahoo Finance Plus: With a subscription to […]
The market awaits the Fed’s final rate decision of 2023 and Chair Jerome Power suggests that any decision made will be based on data. October’s Consumer Price Index (CPI) — one of the inflation indicators that gauges the state of the US economy — is due out this week Lakshman Achuthan, Co-Founder of the Economic Cycle Research Institute, joins Yahoo Finance Live to take a closer look at recent forward-looking data. Achutan predicts inflation may stay higher for longer as econcomic patterns point to the fact that the US may be in a “cyclical breakdown.” For more expert insight and the latest market action, click here to watch this full […]
Sony Group (SONY) is reportedly launching a new handheld gaming device called the ‘PlayStation Portal’ this week. The portable console will feature an 8-inch display and the ability to stream PS5 games over WiFi using Sony’s Remote Play technology. The Portal will allow PS5 owners to access their console games on the go, as long as they have a WiFi connection. However, it will only stream from a user’s own PS5 rather than from the cloud. Yahoo Finance’s Tech Editor Dan Howley provides details on how the Portal will function, comparing the device to alternatives with similar capabilities like the Steam Deck and Nintendo Switch which are already on the […]
Boeing (BA) shares are climbing Monday after the company secured major deals with Emirates Airline. Emirates agreed to purchase 90 Boeing 777 jets valued at $52 billion, while sister airline Flydubai will add 30 Boeing 787 Dreamliners to its fleet in an $11 billion deal. This deal comes as Emirates faces increasing competition in the Middle East, including from Turkish Airlines which plans to add 600 new planes to its fleet. The deals were announced at the Dubai Air Show amid declining travel demand in the region resulting from the Israel-Hamas conflict. Yahoo Finance’s Akiko Fujita breaks down all the details. For more expert insight and the latest market action, […]
