Archive List for FX

NerdWallet CEO talks NerdUp card bolstering consumer credit

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 […]

Treasury Dept. expected to issue $114B in bonds amid elevated yields

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, VMware says deal closing ‘soon,’ awaits China’s OK

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 […]

S&P in correction territory: Analyst discusses what lies ahead for investors

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 4.9%, but may not be enough toboost Biden’s approval rating

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 […]

Ford, GM, and, Tesla all warn on slowing EV demand

This segment originally aired on October 27, 2023. Ford (F), General Motors (GM), and Tesla (TSLA) are all warning there may be tough times ahead for the U.S. electric vehicle market. It come after more than 313,000 EV’s were sold in the U.S. in the third quarter, a new record, according to data from Cox Automotive. Yahoo Finance Senior Autos Reporter Pras Subramanian explains why this may be a tipping point for U.S. EV sales. 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 […]

Taylor Swift is a billionaire, here’s a breakdown of her net worth and businesses

After putting together a monumental world tour, a concert movie release, and bringing new life into the U.S. economy via consumer spending, is the world really ready for Taylor Swift, the billionaire? Yahoo Finance Live’s Seana Smith and Diane King Hall do a deep dive into the singer’s reported net worth, tied to her music catalog, streaming, and the overwhelming success of the Eras Tour, and how influential the singer has been on the U.S. economy this year. 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 […]

Credit card company earnings show resilient consumer spending as Millennial and Gen Z users grow

Consumer spending remains resilient, as evidenced by the latest earnings reports from major credit card companies Visa, Mastercard and American Express. All three reported growth in spending volumes across their customer bases last quarter, signaling that consumers are still opening their wallets despite high inflation and economic uncertainty. Ted Rossman, Senior Industry Analyst at Bankrate, spoke to Yahoo Finance anchor Rachelle Akuffo about rising debt levels, rising prices, and the strong job market fueling continued growth in credit card spending. Rossman believes credit card companies are “having a strong year”, despite big fears of delinquencies and defaults. “Honestly, from a bank standpoint, this is almost the best possible environment. This […]

What Exxon and Chevron are telling us about the future of fossil fuels and oil demand

Massive mergers between 4 major oil companies have been announced in October alone — Chevron’s (CVX) proposed buyout of Hess (HES) for $53 billion, ExxonMobil’s (XOM) acquisition of Pioneer Natural Resources (PXD) for $59.5 billion. With the International Energy Agency (IEA) predicting that peak oil demand will hit in 2030, questions arise as to what will these companies do if international and domestic green energy initiatives to go carbon neutral are met. Lipow Oil Associates President Andy Lipow joins Yahoo Finance to break down what these mergers will entail for these companies and their strategies going forward. “The question is can clean energy be delivered to the consumer at a […]

Oil and solar stocks: Energy sector breakdown amid geopolitical conflict, energy transition

Oil (BZ=F, CL=F) rose this week on escalations in the Middle East. Solar stocks, on the other hand, saw a their shares prices decline despite the green energy push, with some companies saying they expect weak demand for solar products. Neil Dingmann, Truist Securities Managing Director – Energy, and Pavel Molchanov, Raymond James Managing Director, join Yahoo Finance to break down the current energy sector environment and give insight into the future of the these markets both near and long-term. Dingmann on the near-term outlook for big oil states: “I think its going to be a bit more of the same. That is, these companies now are turning into, or […]