SoFi (SOFI) shares jumped on better-than-expected third-quarter earnings results, boosted by the return of federal student loan payments. Dominick Gabriele, Oppenheimer Executive Director and Senior Analyst of Equity Research – Fintech & Specialty Finance, is “surprised” by how much of an influence the impact of student loan repayments has been on the company’s stocks. Considering that student loan repayment resumed this month, Gabriele notes that personal loan origination growing by 100% was “much faster” than analysts expected. 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 #SOFI #stockmarket About Yahoo Finance: At Yahoo […]
A huge week lies ahead for investors watching the Federal Reserve’s interest rate announcement, the Treasury Department’s bond issuance, and more earnings reports rolling out. All of these headline events come as the broader market dips into a technical correction, making many investors nervous as to what this means for future investments in the short term. Annex Wealth Management Chief Economist Brian Jacobsen joins Yahoo Finance to discuss what this week holds in store for the market, and how investors should frame this as an opportunity. “The refunding issue, that’s a little bit bigger issue as the amount of debt the government is issuing. The Fed has stepped out as […]
On Friday, October 27, Sam Bankman-Fried took the stand and testified under oath in private for over 5 hours. The former FTX CEO admitted, in his own words, that he made “significant oversights” during his tenure, but stood firm that he did not steal from customers or commit fraud. SBF will take the stand once again on Monday, October 30, as the trial continues. Ice Miller LLP Partner Jarrod Loadholt joins Yahoo Finance anchors Rachelle Akuffo and Akiko Fujita to discuss the fraud trial, SBF’s initial testimony, and what it means for both sides of the case. “One of the things I find most interesting is, as someone who has […]
U.S. consumer spending is finding resiliency in recreation, as more Americans continue to seek out experiences and dine out. Yahoo Finance Live co-hosts Akiko Fujita and Rachelle Akuffo break down Monday’s chart of the day and whether American consumer spending can withstand higher for longer interest rates and other economic headwinds.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. 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 […]
The S&P 500 (^GSPC) has seen 2.7% growth from third-quarter earnings tied to Big Tech stocks. Yahoo Finance Live’s Rachelle Akuffo and Akiko Fujita preview the earnings expectations for chipmaker Advanced Micro Devices (AMD) — which is set to report earnings on Tuesday, October 31 — and Apple (AAPL) — reporting on Thursday, November 2. 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 […]
Americans are becoming increasingly concerned about their credit scores, with nearly a quarter of U.S. consumers citing bad credit scores as detracting from reaching financial goals according to a Harris Poll. NerdWallet (NRDS) is offering its new NerdUp credit card for the purpose of boosting Americans’ credit scores. NerdWallet CEO Tim Chen explains the importance of providing aid and bolstering credit scores, while also commenting on U.S. consumers’ spending trends. “We really want to register users, engage them, and help them improve their credit scores,” Chen tells Yahoo Finance. “After six, 12 months, the hope is that people will start establishing a credit history. People, especially like new immigrants, recent […]
The U.S. Treasury Department will be issuing $114 billion in bonds — at a time when Treasury yields are spiking and flirt with 5% rates — on Wednesday ahead of the Fed’s November interest rate decision. Yahoo Finance Senior Reporter Jared Blikre monitors how Wall Street is reacting to this rising bond supply and expectations on the Fed’s rate strategy. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #stockmarket #yahoofinance 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 […]
Broadcom (AVGO) plans to acquire VMware (VMW) in a $61 billion agreement that the companies hope to finalize soon. However, the deal faces potential delays in getting approval from Chinese regulators. The deadline for clearance from China is November 26th. Yahoo Finance’s Seana Smith and Brad Smith break down the details of this morning mover. 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 […]
Last week, the broader market fell into a decline, moving into technical correction territory with the S&P 500 down 10% from its peak in July. The correction comes from a mix of reactions to higher for longer interest rates, Treasury bond yields, and mortgage rates which continue to increase. With a Federal Reserve decision, Treasury borrowing plans, and continued earnings pressure on the horizon, investors are overwhelmed by all the changing variables and what it means for the markets. NewEdge Wealth Chief Investment Officer Cameron Dawson joins Yahoo Finance anchors Seana Smith and Brad Smith to break down what all these events will mean for the market and how they […]
U.S. GDP grew at an annual rate of 4.9% in the third quarter of 2023, its fastest pace in two years. What does this mean for American workers and how should voters be feeling about this? Yahoo Finance Senior Columnist Rick Newman discusses what this means for President Biden’s approval rating under his Bidenomics policies, while also commenting on Former Congressman Dean Phillips’ (D) intent to challenge Biden in the Democratic primary election. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #yahoofinance #stockmarket #Biden Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get […]
