Target’s (TGT) latest earnings report did not meet Wall Street’s expectations, as the retail giant reported a 3% year-over-year decline in sales and missed estimates for adjusted earnings. Storch Advisors CEO Jerry Storch joins Catalysts to discuss what these results mean for the broader state of the consumer. Storch suggests that the consumer slowdown has been brewing for some time, but its effects have been “disguised” by inflation. He notes, “The consumer is spending more and getting less, and they know it” — forcing consumers to prioritize essential expenditures like food and healthcare. With Target having “made its name around nice-to-have fun products,” Storch argues this is what is causing […]
The auto industry has faced various obstacles, from tariffs and dips in electric vehicle demand to auto worker strikes. It has also been challenging for consumers as prices for used cars have been higher, though shoppers recently felt some relief. Cars Commerce Senior Director of Industry Data and Insights Rebecca Lindland joins Wealth! to give insight into the auto industry moving forward and what consumers need to keep in mind when shopping for vehicles. On the shifts occurring in the industry, Lindland claims, “We do see some signs of stabilization. So when we look at particularly month over month, when we look at year over year, we are still seeing […]
China’s Chamber of Commerce to the European Union (CCCEU) signaled that it “could raise its temporary tariff rate on imported large-engine vehicles to a maximum of 25 percent.” The potential tariff comes after the Biden administration announced an increase in tariffs on Chinese electric vehicles, among other imports. Yahoo Finance’s Akiko Fujita joins Catalysts to break down the potential tariff increase from China and in the impacts it will have on global vehicle imports. 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 […]
Nvidia (NVDA) is set to report its first quarter earnings after the closing bell on Wednesday. Yahoo Finance’s Ines Ferré breaks down three things investors should look out for in the upcoming report. First, she points to AI chip demand. Back in March, Nvidia announced its new Blackwell chip, which is expected to hit the market later this year. Some analysts expect to see a slowdown during the transition from the company’s H100 chips, while others believe there won’t be an issue. Among increasing competition in the field, many analysts also feel the company will be able to keep its market share due to its platform and software stack. Analysts […]
In the face of lingering inflation, consumers are grappling with the pinch on their wallets. Edelman Financial Engines Director of Financial Planning Kelli Smith joins Wealth! to discuss strategies for combating inflation. Smith emphasizes the importance of being proactive, stating that individuals need “to get out in front of it.” She advises those preparing for “an inflationary environment” to prioritize saving and building an emergency fund, while focusing on minimizing debt as much as possible. Smith encourages individuals to ensure that their “expectations are flexible,” acknowledging that they cannot control external factors. She advises identifying areas where downsizing and cost control are possible, saying it’s important to “change behaviors where […]
Microsoft (MSFT) held a conference Monday, unveiling a new PC update featuring its latest AI Copilot technology, which will incorporate OpenAI’s GPT-4o language model. Yahoo Finance’s tech reporter Dan Howley breaks down the details of Microsoft’s continued investment into artificial intelligence, shedding light on Microsoft’s direct shots at its rival Apple (AAPL), drawing comparisons between their new PC offering and Apple’s product lineup. #youtube #yahoofinance #microsoft 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 […]
April’s Consumer Price Index (CPI) saw inflation come in lower than expected. However, prices continue to remain elevated in several areas. Yahoo Finance’s Alexandra Canal breaks down where consumers feel inflation hit the hardest. Shelter and gas were two of the biggest contributors to overall inflation. Gas prices rose 2.8% from March to April, and the index for shelter rose 5.5% year over year. Apparel also rose, with prices increasing 1.2% month over month, making it the largest rise in the category this year so far. Motor vehicle insurance, medical care, and personal care also saw notable upticks in inflation, impacting nearly every part of the consumer’s day-to-day. About Yahoo […]
The persistent rise in mortgage rates has cast a shadow over the housing market. A recent report from the National Association of Home Builders (NAHB) revealed that the index that tracks homebuilder confidence plunged 6 points in May — suggesting that homebuilders currently perceive the conditions for building as unfavorable in this higher-for-longer interest rate environment. 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 […]
Both Big Tech and US lawmakers are willing to spend tens of billions of dollars in the next few years to further develop and adopt AI models. But while more companies are unveiling new artificial intelligence products, are these offerings actually going to bring about the results and drivers they are looking for? BCG Global Chair Rich Lesser sits down with Catalysts to talk about the transition tech companies need to take to transition AI projects into “tangible” outcomes. “And the challenge is if you take a ‘thousand flowers bloom’ approach, you don’t translate anything into real outcomes at scale. And so we see companies more and more focused on […]
April’s Consumer Price Index (CPI) data was released on Wednesday, falling in line with expectations with a 3.4% year-over-year rise. Core CPI also matched estimates year over year, signaling inflation’s potential easing. EY Chief Economist Gregory Daco and Academy Securities Head of Macro Strategy Peter Tchir join The Morning Brief to discuss the CPI data and the impact it may have on the overall market. Daco suggests that a disinflation trend is picking up: “I think this recent retail sales report, while not alarming, does show that consumers are exercising a little bit more scrutiny. That’s generally disinflationary. I think that disinflation momentum will continue or probably hit an inflation […]
