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, […]
Oil producer Exxon Mobil (XOM) is now seeking to produce battery-grade lithium for EV batteries. Yahoo Finance Live relates Exxon’s pivot to commentary from electric vehicle makers, including Tesla (TSLA) CEO Elon Musk, and discusses the opportunities Exxon’s lithium strategy could open up for the EV landscape. 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 holiday season is right around the corner, with retailers already executing their Black Friday weeks ahead of Thanksgiving. So far it appears like holiday shopping in America will persevere despite the record amount of credit card debt from U.S. consumers. Natalie Kotlyar, BDO Retail & Consumer Products National Industry Leader, joins Yahoo Finance to break down the status of both consumers and retailers as they prepare for the holiday season. “It’s going to be almost a waiting game between consumer and the retailer. So the consumer is going to try and hold out for that best, best price and we are dealing with a really educated consumer today,” Kotlyar […]
Lawmakers on Capitol Hill are attempting to avoid a government shutdown with the deadline for Congress to pass a spending bill to fund the government just one week away. NBC News’ Julie Tsirkin reports on the fast-approaching deadline and how a shutdown could be averted. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video […]
Protesters clashed with police in Madrid outside Spain’s Socialist party headquarters. Some citizens are outraged over acting Prime Minister Pedro Sanchez’s attempts to secure another term in office by making a deal with Catalan separatists who want to secede from Spain. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and […]
Affirm Holdings (AFRM) shares soared after reporting a 37% jump in revenue, year-over-year, in its fiscal first quarter. The buy now, pay later company also saw gross merchandise volume (GMV) increase 28% from last year. Affirm CFO Michael Linford says the company is “taking share in a growing market.” When it comes to the consumer, Linford says people are still spending on general merchandise, travel, and experiences, adding that the likely reason for the company’s strong GMV demand is due to the macro headwinds. Watch the video above to hear what Linford has to say about delinquencies and Affirm. For more expert insight and the latest market action, click here […]
West Virginia Senator Joe Manchin (D) announced he will not seek re-election in 2024, ending his tenure in the U.S. Senate. However, Manchin indicated he is not done with politics, though his specific plans remain unclear. Manchin’s announcement opens up speculation about his political future, even giving rise to talk of a 2024 presidential bid as an independent candidate. Yahoo Finance’s Rick Newman analyzes Manchin’s options coming out of his Senate career, providing insight on how the lawmaker could impact the 2024 presidential race if he ran as an independent. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. […]
The Federal Reserve Chair Jerome Powell spoke at the International Monetary Fund in Washington Thursday afternoon, maintaining that monetary policy is in “restrictive territory.” However, Powell would continue on to say “if it becomes appropriate to tighten policy further, we will not hesitate to do so” suggesting that raising rates is still on the table. Yahoo Finance Senior Reporter Jennifer Schonberger joins the Live show to discuss Powell’s speech. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #JeromePowell #youtube Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, […]
