Archive List for Market

JPMorgan has increased its estimates on how much the United Auto Workers strike will cost Ford (F) and General Motors (GM) per day as the strike continues. The firm has also estimated that the strike already cost both companies over $500 million each. In addition, EV maker Tesla (TSLA) is facing pressure from increased competition and unenthusiastic consumers. A poll from Yahoo Finance shows 57% of respondents claim they’re unlikely to purchase an EV as their next car. AutoBlog Editor-in-Chief Greg Migliore joins the Live show to break down the details of the ongoing strike and the challenges that Tesla faces. Migliore expresses his optimism for Tesla: “”As you take […]

“Taylor Swift’s Eras Tour concert film broke box office records in its theatrical debut, boasting the highest-ever concert film premiere while simultaneously becoming the highest-grossing concert film ever. Box Office Pro Chief Analyst Shawn Robbins sits down with Yahoo Finance Live to talk about the Eras Tour’s box office performance and the ways in which Taylor Swift’s brand and recent NFL appearances have had a spillover effect with the film’s premiere. “”Taylor has a very loyal, dedicated fan base that turns out, and really drove those pre-sales, and ended up making it very front-loaded in that aspect,”” Robbins explains. “”And I think that’s what caused a lot of volatility in […]

This segment originally aired on October 10, 2023. Major importers and shipping companies are anticipating a leaner year as cargo rates to and from China have seen major declines in 2023. Port of Los Angeles Executive Director Gene Seroka explains the boost in shipments to West Coast ports as businesses diversify their trade with countries outside of just China. “We’re starting to see importers ship cargo to the West Coast that normally would go to Panama because of the drought,” Seroka tells Yahoo Finance. “Second, with the dock workers’ contract that was just ratified in August, that was a pretty quick switch of cargo back to the West Coast, and […]

Most Americans know Bayer (BAYN.DE) for its over-the-counter medicines like Aleve and Claritin. But that’s not all the company does. Bayer U.S. President Sebastian Guth tells Yahoo Finance’s Anjalee Khemlani that the company just opened a new facility to focus on cell and gene therapies to help treat diseases such as Parkinson’s. Guth also weighed in on the company’s acquisition of agricultural biotechnology company Monsanto. Guth says the company is “squarely focused on innovation in a space that continues to require innovation. Feeding the world is a very, very significant task and food is a medicine.” For more expert insight and the latest market action, click here to watch this […]

Weight loss drugs, such as Novo Nordisk’s (NVO) Ozempic and Wegovy, continue to grow in popularity. With many brand and retailer CEOs signaling the hit to snack food sales, how will these drugs impact the packaged food industry? Morgan Stanley Equity Research Analyst Pam Kaufman joins Yahoo Finance Live to discuss. “We see long-term implications across the food ecosystem from the growing adoption of GLP-1 anti-obesity drugs,” Kaufman says, citing implications for packaged foods, restaurants, beverages, and food retail. “Our biopharma analysts expect drug use to grow fivefold over the next 12 years and project that about seven percent of the population is going to be on the drugs by […]

“The House Speaker race continues after Rep. Steve Scalise (R-LA.) withdrew and Rep. Austin Scott (R-GA.) emerged to challenge Rep. Jim Jordan (R-OH.). Henrietta Treyz, Veda Partners Managing Partner and Director of Economic Policy Research, belives it will be difficult for Jordan to rally sufficient bipartisan support to secure the House Speakership. With the Speaker race unsettled, Rep. Patrick McHenry (R-NC) is tasked with overseeing the vote as Speaker Pro Tempore. However, pressing global issues are arising, from Israel-Hamas tensions to Ukraine aid, requiring legislative action. Given the uncertainty around the Speaker vote, Treyz suggests current Pro Tempore McHenry becoming Speaker may be the “”path of least resistance.”” “”Remember these […]

“Taylor Swift’s theatrical version of her ‘Eras Tour’ has a wide release this weekend, hitting theaters across the country, many of which have been already sold out. The movie has brought in $100+ million dollars in presales, with Variety reporting that Swift’s camp will receive about 57% of total ticket sales. Yahoo Finance Entertainment Reporter Alexandra Canal details everything you need to know surrounding the debut. 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 […]