Archive List for News

As Microsoft (MSFT) broadens its AI reach through partnerships like OpenAI while advancing in-house offerings such as Copilot, Macquarie’s Head of AI & Software Research Fred Havemeyer joins Yahoo Finance Live to discuss why he sees Microsoft shares as undervalued given its generative AI potential. Havemeyer believes the revenue and profit opportunities for Microsoft in this space are significant. He forecasts potential EPS reaching as high as $2.17 by fiscal 2026, driving his current $430 per share price target. His projections are based on monthly usage fees between $10-30 across Microsoft’s AI portfolio. With what Havemeyer calls an “”enterprise-capable and ready”” approach to delivering business-focused AI, he argues Microsoft is […]

Market strategists have collectively gone bullish on the S&P 500 (^GSPC) in 2024, forecasting upwards of 5,000 points by next year’s end. But is it still too early to be this bullish? Infrastructure Capital Advisors CEO Jay Hatfield anticipates the S&P to reach as high as 5,500 points by the end of 2024, joining Yahoo Finance Live to discuss Europe’s economic situation and what factors are going into these US market calls. “”It is really based on an optimistic work on interest rates, but that has been unfolding,”” Hatfield says on rate cuts expected by the Federal Reserve. “”Like I said, now it’s actually consensus that we’ll have cuts.”” About […]

Shares of United States Steel (X) jumped after is was announced Japan’s Nippon Steel was acquiring the company for $14.9 billion including debt, in an all-cash transaction. The stock rose over 25% in pre-market trading Monday morning. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest development and what it could mean for both companies moving forward. 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. […]

November’s better-than-expected retail sales underscored resilient consumer demand, though department stores struggled, seeing a 2.5% drop in activity. ICSC CEO Tom McGee joined Yahoo Finance’s Rachelle Akuffo to discuss the “”halo effect”” brick-and-mortar stores can have on e-commerce. McGee highlights data showing that opening a physical store can lift a retailer’s digital sales by nearly 7%. However, shuttering physical locations can cause online sales in the trade area surrounding that location to fall 11.5% on average. While younger consumers have technology “”integrated into their life,”” McGee notes their preference trends align very closely with baby boomers when it comes to enjoying the in-store experience. About Yahoo Finance: Yahoo Finance provides […]

Novo Nordisk (NVO) and more specifically its weight-loss drugs Ozempic and Wagovy have been the topic of many conversations across Wall Street. The company’s financial performance, impact and buzz has lead to Yahoo Finance naming Novo Nordisk its 2023 Company of the Year. Novo Nordisk CEO Lars Fruergaard Jorgensen spoke with Yahoo Finance Senior Health Reporter Anjalee Khemlani and Yahoo Finance reporters take a closer look at the success and impacts on December 11, 2023. 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 […]

A recent Bank of America survey revealed that 85% of young adults with extra income have adapted their investment strategies due to the economic challenges in the past year. How do millennials’ and Gen Z’s investment strategies differ? Bank of America President of Preferred Banking Aron Levine notes a “get rich quick” approach by Gen Z opposed to long-term, retirement focused decisions made by millennials. The survey was carried out on young professionals who have between $50 thousand to $1 million in investable assets, who according to Levine have “good earning power.” #stockmarket #investing #youtube About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, […]