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 […]
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 […]
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 […]
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 (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 […]
Google-parent Alphabet (GOOG, GOOGL) stock tumbled earlier this week after reporting slower-than-expected revenue growth for its cloud division. RBC Capital Markets Internet Analyst Brad Erickson spoke with Yahoo Finance anchor Rachelle Akuffo to discuss cloud technology’s current influence on Big Tech earnings, particularly in Meta (META) as well. “They have covered a lot more ground with money they have spent than people realized, they’re not going to have to spend as much as people thought in 2024,” Erickson says on Meta’s building out of its facilities and AI infrastructure. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe […]
Bank of America Strategist Michael Hartnett (BAC) warns of trouble ahead with the S&P 500 (^GSPC), claiming it’s at risk of dropping another 5% after falling below 4200, just shy of a technical correction. Stocks across the board have seen a decline in recent months due to seasonal trends as well as a myriad of economic headwinds from geopolitical conflicts to higher interest rates, and more. Many investors were looking forward for a strong performance from the Magnificent Seven, but so far, those stocks have not been able to turn the market around. Yahoo Finance Anchors Seana Smith and Diane King Hall break down Hartnett’s comments, the tech sector’s quarterly […]
Small cap stocks, as represented by the Russell 2000 index (IWM), have reached their lowest levels since President Biden’s election, breaking below the 23-month low and 80-month low. This contrast from the larger-cap S&P 500 (SPY) is a “recession indicator” according to Michele Schneider, Chief Strategist at Marketgauge.com. Yahoo Finance’s Jared Blikre is joined by Michele Schneider to analyze the technical charts of the S&P 500, Nvidia (NVDA), and Russell 2000 indexes, examining the corrections and interpreting the market signals. 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 […]
Early Friday morning, U.S. fighter jets targeted Iran-backed facilities in Syria. Yahoo Finance Senior Columnist Rick Newman explains how this may further tension in the Middle East region as the Israel-Hamas conflict also escalates, while also commenting on how newly elected Speaker of the House Mike Johnson (R-La.) could vote on President Biden’s proposed aid to Israel and Ukraine. 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 #Iran #Syria 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 […]
The Personal Consumption Expenditures (PCE) price index — the Fed’s preferred inflation measuring tool — rose 0.4% in September and 3.4% year-over-year. Core PCE came in line with economic forecasts, cooling to 3.7%. DoubleLine Deputy Chief Investment Officer Jeffrey Sherman sits down with Yahoo Finance Live to talk about what the new inflation print could mean for the Fed’s interest rate strategy ahead of its November FOMC meeting. “When I look at the report, too, on PCE, there’s a little disconcerting behavior in here,” Sherman says, adding: “When you continue to look at this all year, we’ve seen an increase in spending that outstrips the increase in earnings on the […]
