The Federal Reserve is expected to cut rates in 2024. The big question is: When in 2024? J.P. Morgan Asset Management Global Market Strategist Jack Manley doesn’t think it’s going to as early as some investors expect and that “volatility is the name of the game.” Manley thinks that in 2024 there will be room for “opening up the opportunity set a little bit and remembering there are 490+ names in the S&P 500 that haven’t done a whole lot of anything,” referencing the outperformance of the Magnificent Seven tech stocks. Manley says volatility will create a “ripe environment” for active management. Watch the video above to hear how Manley […]
Chinese economic leaders released their plan for 2024 naming industrial policy as their top priority, much to the dismay of investors who wished to see a stimulus to boost overall growth. In turn, many Chinese stocks began to trend downward after the announcement. Yahoo Finance Markets Reporter Jared Blikre joins the Live show to break down China’s most recent economic data points and how China-based stocks are reacting. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more […]
X, the social media company formerly known as Twitter, is expecting to rake in about $2.5 billion in ad revenue in 2023, short of both its internal estimates and what it has reported in years past, according to a report from Bloomberg. In a statement to Bloomberg, Joe Benarroch, head of business operations for X, argues that the numbers are an “incomplete view” of where the business currently stands. Yahoo Finance Live breaks down the report. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest […]
Netflix (NFLX) has published its first biannual viewing metrics report, covering a 6-month period. The report discloses hours viewed for TV series and films that reached over 50,000 viewing hours on the platform. It also provides premiere dates for Netflix original titles and indicates whether they were available globally. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en […]
Google (GOOG, GOOGL) lost an antitrust case brought by Epic Games, with a jury finding that the company engaged in anticompetitive conduct with its Play Store. Adam Kovacevich, Chamber of Progress Founder and CEO, joins Yahoo Finance Live to take a closer look at the trial and what makes it different from the one Apple (AAPL) won. Google is set to appeal the ruling with the Ninth Circuit, the same court that decided for Apple in Epic Games’ suit against the tech giant. Kovacevich says that the court will have to “grapple with how these two cases could come to different outcomes.” About Yahoo Finance: Yahoo Finance provides free stock […]
The Federal Reserve will make its final interest rate decision of 2023 on Wednesday. The Fed is widely expected to hold rates steady, so Fed Chairman Jerome Powell’s commentary will be what investors will be paying close attention to. Azoria Partners CEO and CIO James Fishback does not see Powell “actually validating any of that dovish-ness that the market is currently professing,” and states plainly “it will be a hawkish meeting tomorrow,” compared to what market expectations are. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get […]
Berkshire Hathaway (BRK-A, BRK-B) has slashed its stake in HP (HPQ). The move comes as demand for personal computers has declined. Bank of America Senior Equity Research Analyst Wamsi Mohan joins Yahoo Finance Live to weigh in on the challenges the PC maker has faced post-pandemic. Mohan notes that while HP had a strong period during the pandemic, post-pandemic “all this pull-forward that happened for PCs is now acting against them.” Taking a look at competition, Mohan predicts “the performance delta is going to be closing between Dell (DELL) and HP.” About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced […]
While the November Consumer Price Index (CPI) reading saw inflation tick up by 0.1% month-over-month, Federal Reserve regulators convene for the December FOMC meeting to discuss monetary policy and interest rate maneuvers. Yahoo Finance Fed Reporter Jennifer Schonberger details which way Fed members are likely to vote on pausing rates where they are or proposing more hikes. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow […]
Google (GOOG, GOOGL) lost an antitrust lawsuit brought by Epic Games with a jury unanimously deciding the tech giant acted anti-competitively in the app market. The verdict states Google unfairly leveraged its monopoly power. Yahoo Finance’s tech editor Dan Howley analyzes the implications, examining why Apple (APPL) avoided similar app store scrutiny and discussing how the decision could impact Play Store revenue as Google faces pressure to open up its platform. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com […]
As we move toward the end of 2023, Citi (C) has released a note on its outlook for 2024. The company has lowered its mid-2024 S&P 500 (^GSPC) target to 4800 from 5000, but is keeping its year-end target at 5100. Yahoo Finance’s Madison Mills discusses the company’s note. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download […]
