Yahoo Finance anchors Brad Smith and Akiko Fujita break down the jobs report for October 2023. The US economy added 150,000 jobs in October while the unemployment rate ticked higher to 3.9% indicating signs of a slowing labor market after a robust September report. Economists surveyed by Bloomberg had expected 180,000 jobs were added in October while also projecting the unemployment rate would remain flat. The Bureau of Labor Statistics cited a decline in manufacturing due to “strike activity,” amid the United Auto Workers strike across plants at three major auto manufacturers. Employment in the manufacturing sector decreased by 35,000 in October due to the strike activity, per BLS. Earlier […]
While boasting a third-quarter revenue beat, biotech firm Moderna (MRNA) reported an overwhelmingly higher-than-expected loss of $9.53 per share. Its shares find themselves under pressure over weakening COVID-19 vaccine demand. Moderna’s Chief Financial Officer Jamey Mock joins Yahoo Finance’s Anjalee Khemlani to discuss the company’s forward strategy. Mock notes that the company aims to “break-even by 2026,” acknowledging investors’ concerns. Mock’s optimism for the 2026 deadline is based on “organic growth opportunity” in the late-stage product pipeline with plans to introduce RSV and flu vaccines in the coming years. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube […]
U.S. President Joe Biden and Chinese President Xi Jinping are slated to meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco. The two leaders are expected to talk about a range of topics including nuclear armaments and trade. The talks have been emphasized after Secretary of the Treasury Dept. Janet Yellen made remarks on how the U.S. “does not seek to decouple from China”, but should be considerate of its stance on human rights and national security. China Beige Book Co-Founder and CEO Leland Miller joins Yahoo Finance to discuss U.S.-China relations as well as the challenges the Biden administration has in its policies toward […]
Block (SQ) reported third-quarter results that topped Wall Street estimates on both the top and bottom lines. The fintech company reported adjusted earnings of $0.55 per share compared to estimates of $0.45 cents and revenue of $5.62 billion versus expectations of $5.47 billion. The company also raised its full-year adjusted EBITDA forecast for 2023 and issued upbeat guidance for 2024. Yahoo Finance Live breaks down the report. 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 […]
Apple (AAPL) reported fiscal fourth-quarter results that topped Street expectations. The tech giant reported earnings per share of $1.46 compared to estimates of $1.39 and revenue of $89.50 billion versus estimates of $89.35 billion. The results got a boost from better-than-expected iPhone sales and its services segment. Greater China sales missed analyst estimates, however. Tom Forte, D.A. Davidson Managing Director and Senior Research Analyst, discusses Apple’s earnings results ahead of its earnings calls and the challenges the iPhone maker is seeing in device sales and China. “The 2% decline in China is a concern and China is about 20% of revenue for Apple,” Forte tells Yahoo Finance. “But, again, investors […]
The FTX trial against Sam Bankman-Fried is beginning to wrap up as the jury deliberations are underway. The prosecution has finished their cross-examination of SBF, to which some courtroom attendants have reported that it is looking incredibly tough for the defense. Zeke Faux, Bloomberg Investigative Reporter and Number Go Up Author, joins Yahoo Finance to share his observations on the trial, describing the prosecution as “basically going for almost bonus points here, where they’re trying to argue that even if you only listen to the words of Sam Bankman-Fried, that itself is enough to convict.” For more expert insight and the latest market action, click here to watch this full […]
On the backdrop of rising Treasury yields and a chance the Fed could raise interest rates one last time in 2023, new opportunities are blooming in once-lagging sectors. Ameriprise Financial Private Wealth Advisor Nancy Daoud explains the areas and stocks she is advising clients on investing in. “As far as opportunity, we always look for what has taken the biggest hit,” Daoud says. “So, I see opportunity in small-cap stocks because they’re down significantly, have not performed as well as large cap, but with a great deal of caution and risk appetite check…” For more expert insight and the latest market action, click here to watch this full episode of […]
In an exclusive interview with Yahoo Finance, JPMorgan Chase CEO Jamie Dimon says that, when it comes to geopolitics, U.S. political turmoil has “created a certain amount of uncertainty that I wish we hadn’t.” Eurasia Group Founder and President Ian Bremmer weighs in, saying that for global economic stability, “the United States has to not just display power, but has to display credibility, and that is the challenge.” Bremmer says the U.S. isn’t viewed as the democratic leader that it used to be, arguing that a big reason for that is “Americans increasingly don’t know what their country stands for. Americans increasingly don’t believe in their own political leaders… the […]
Renewable energy companies are particularly struggling while facing a heavy hand of economic headwinds, volatile markets, and higher for longer interest rates. These pressures have squeezed solar energy stocks over the past couple of quarters as consumers appear less inclined to spend on solar installations. In addition, California — the biggest U.S. market for solar panels — cut down on solar panel incentives earlier this year. Yahoo Finance Reporter Ines Ferre joins the Live show to discuss how this sector of the market is hurting and what this means for electricity prices going forward. For more expert insight and the latest market action, click here to watch this full episode […]
Treasury yields continue their slide lower Thursday morning after the Federal Reserve announced an interest rate pause coming out of its November FOMC meeting. Yahoo Finance’s Jared Blikre analyzes the drop in bond yields, providing insights into the state of the stock market. 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 help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo […]
