Archive List for Money

Boeing stock soars on $52B Emirates deal

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Boeing (BA) shares are climbing Monday after the company secured major deals with Emirates Airline. Emirates agreed to purchase 90 Boeing 777 jets valued at $52 billion, while sister airline Flydubai will add 30 Boeing 787 Dreamliners to its fleet in an $11 billion deal. This deal comes as Emirates faces increasing competition in the Middle East, including from Turkish Airlines which plans to add 600 new planes to its fleet. The deals were announced at the Dubai Air Show amid declining travel demand in the region resulting from the Israel-Hamas conflict. Yahoo Finance’s Akiko Fujita breaks down all the details. For more expert insight and the latest market action, […]

Exxon seeks to become leading lithium producer for EVs

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Oil producer Exxon Mobil (XOM) is now seeking to produce battery-grade lithium for EV batteries. Yahoo Finance Live relates Exxon’s pivot to commentary from electric vehicle makers, including Tesla (TSLA) CEO Elon Musk, and discusses the opportunities Exxon’s lithium strategy could open up for the EV landscape. 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 data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to […]

Why Holiday shopping will be ‘waiting game’ for top retail deals

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The holiday season is right around the corner, with retailers already executing their Black Friday weeks ahead of Thanksgiving. So far it appears like holiday shopping in America will persevere despite the record amount of credit card debt from U.S. consumers. Natalie Kotlyar, BDO Retail & Consumer Products National Industry Leader, joins Yahoo Finance to break down the status of both consumers and retailers as they prepare for the holiday season. “It’s going to be almost a waiting game between consumer and the retailer. So the consumer is going to try and hold out for that best, best price and we are dealing with a really educated consumer today,” Kotlyar […]

Affirm stock pops after earnings beat, CFO says company is taking share in a growing market

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Affirm Holdings (AFRM) shares soared after reporting a 37% jump in revenue, year-over-year, in its fiscal first quarter. The buy now, pay later company also saw gross merchandise volume (GMV) increase 28% from last year. Affirm CFO Michael Linford says the company is “taking share in a growing market.” When it comes to the consumer, Linford says people are still spending on general merchandise, travel, and experiences, adding that the likely reason for the company’s strong GMV demand is due to the macro headwinds. Watch the video above to hear what Linford has to say about delinquencies and Affirm. For more expert insight and the latest market action, click here […]

Joe Manchin announces he won’t seek 2024 Senate re-election

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West Virginia Senator Joe Manchin (D) announced he will not seek re-election in 2024, ending his tenure in the U.S. Senate. However, Manchin indicated he is not done with politics, though his specific plans remain unclear. Manchin’s announcement opens up speculation about his political future, even giving rise to talk of a 2024 presidential bid as an independent candidate. Yahoo Finance’s Rick Newman analyzes Manchin’s options coming out of his Senate career, providing insight on how the lawmaker could impact the 2024 presidential race if he ran as an independent. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. […]

Powell warns Fed ‘will not hesitate’ to raise rates again

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The Federal Reserve Chair Jerome Powell spoke at the International Monetary Fund in Washington Thursday afternoon, maintaining that monetary policy is in “restrictive territory.” However, Powell would continue on to say “if it becomes appropriate to tighten policy further, we will not hesitate to do so” suggesting that raising rates is still on the table. Yahoo Finance Senior Reporter Jennifer Schonberger joins the Live show to discuss Powell’s speech. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #JeromePowell #youtube Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, […]

Fed Chair Powell’s comments spark stock sell-off

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Stocks closed lower on Thursday, with the S&P 500 (^GSPC) ending in negative territory. A bond auction sparked a sell-off on Wall Street that left all three major indices red for the day. Yahoo Finance’s Jared Blikre analyzes the bond market moves that drove broader selling as investors weigh the impacts of Fed Chair Jerome Powell’s earlier comments to the International Monetary Fund. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #JeromePowell #yahoofinance 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, […]

Bond market is doing ‘some of the Fed’s dirty work’: Advisor

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Treasury yields are taking a bow and retreating below 5% rates as stocks dip on the backend of Fed Chair Jerome Powell’s comments to the International Monetary Fund on Thursday. The Wealth Alliance President and Managing Director Eric Diton explains what bond market moves and the status of the economy may mean for the trajectory of future interest rate policies. “Despite the strong 4.9 third-quarter GDP, which was really due to a low savings rate, that was an anomaly… the bottom line is I see a slowing economy but I do not see a recession,” DIton explains. For more expert insight and the latest market action, click here to watch […]

SAG-AFTRA, Studios reach tentative agreement

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After 118 days of strikes, the Screen Actors Guild‐American Federation of Television and Radio Artists (SAG-AFTRA) has reached a tentative deal with major Hollywood studios valued at $1 billion. The union had been fighting for improved working conditions, protections against misuse of artificial intelligence, and increased residuals for streaming projects. Specific terms of the deal will be made public on Friday pending ratification by the SAG-AFTRA national board. The lengthy strikes had disrupted film and TV production, impacting Los Angeles’ economy. Yahoo Finance senior reporter Alexandra Canal analyzes how the approval of this deal could get Hollywood back on track. For more expert insight and the latest market action, click […]

Why Apple could make a run for a 52-week high

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The rally in the S&P 500 (^GSPC) could “have some legs” if the US 10-year yield (^TNX) falls below 4.5%, according to Freedom Capital Markets Chief Global Strategist Jay Woods. One of the stocks that has been carrying the S&P 500 is Apple (AAPL). Woods says that Apple could reach new 52-week highs based on the stock’s recent price action. 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 data, social interaction and mortgage rates that […]