Archive List for Market

FTX trial looks like ‘guilty plea in slow motion’: Former prosecutor says

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Former FTX (FTT-USD) CEO Sam Bankman-Fried has wrapped up the first week of testimony in his criminal fraud trial. SBF stands accused of defrauding investors and mishandling customer deposits leading to the crypto exchange’s collapse. Prosecutors have charged him with various counts of fraud and money laundering that could potentially result in a maximum sentence of life in prison if convicted. The prosecution has aimed to portray Bankman-Fried as knowingly misleading investors and misappropriating billions in client assets — Bankman-Fried’s defense maintains he never acted maliciously. According to Nick Ackerman, the Former Assistant U.S. Attorney for the Southern District of New York, Bankman-Fried faces an uphill battle against the charges: […]

What September’s jobs report means for interest rates, the Fed, markets, and the economy

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Yahoo Finance breaks down the September jobs report, the outlook for employment and a recession, plus what it means for the economy, markets, inflation, and future rate hikes. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #inflation #stockmarket 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 Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, […]

Michelin Guide to add hotel rating system in addition to restaurants

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The Michelin Guide announced today that it will add hotels to its rating system by giving worthy hotels a Michelin Key, a special distinction to be implemented starting in 2024. Yahoo Finance’s Josh Schafer, Alexandra Canal, and Brooke DiPalma discuss the addition to the Michelin Guide and their feelings behind its relevancy. 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 #youtube #stockmarket #michelin 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 […]

Real Estate: Mortgage rates continue to rise, pushing some potential homebuyers out of the market

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#youtube #stockmarket #news With 30-year mortgage rates sitting high above 7% and mortgage applications slowing significantly, when — and where — will prospective U.S. homebuyers find relief? Redfin (RDFN) CEO Glenn Kelman sits down with Yahoo Finance to explain the factors squeezing Americans out of the housing market, including the combo of elevated mortgage and interest rates, and noticeable regional and generational trends for homebuyers. “Chicago is doing better, Florida is doing better, Texas has mostly been doing better,” Kelman says. “It’s the West that’s really struggling, and especially Oregon and California. People are fleeing high-tax states and that trend has mostly not reversed.” For more expert insight and the […]

Consumers plan on spending more this holiday season: Report

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PwC released its 2023 Holiday Spending Outlook, which showed 40% of consumers plan on spending more than they did last year. Some surprises from the outlook include an increase in spending from Gen-Z versus baby boomers, who plan to spend 4% less than last year, as well as Gen-Z’s proclivity to shop in-person. Kelly Pedersen, PwC US Retail Leader, joins Yahoo Finance anchors Josh Lipton and Julie Hyman to break down the outlook and what trends are emerging from consumers for the upcoming holiday shopping season. Pedersen summarizes many of the trends, saying “we are seeing this movement towards a younger generation of shoppers and their willingness to spend more […]

Taylor Swift’s ‘The Eras Tour’ film hits over $100M in presales

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Taylor Swift’s The Eras Tour concert film reached over $100 million in presales, according to AMC (AMC). The film is set to hit theaters on October 13. Yahoo Finance’s Brad Smith and Seana Smith discuss the film’s popularity and the power of Taylor Swift. 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 #youtube #yahoofinance #stockmarket 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 […]

UAW President Shawn Fain delivers remarks on further walk-offs

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United Auto Workers President Shawn Fain gives a speech regarding plans for union workers to walk off the job at new plants. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #UAW #youtube #stockmarket 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 Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn […]

Jobs report ‘strengthens’ rate hike case, doesn’t guarantee it: Economist

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The September jobs report came in hotter than expected, with 336,000 jobs added to the U.S. economy. What does this mean for the Federal Reserve’s future rate hikes? Citi Global Economist Robert Sockin joins Yahoo Finance Live to discuss. “On balance, it puts the Fed in a difficult spot because, on the one hand, they’re seeing very strong labor demand and very strong hiring,” Sockin says, “[and] on the other hand, you also saw wage growth come in a bit softer than expected.” Sockin believes that while the jobs report encourages the case for another rate hike, “it doesn’t guarantee it given that you’re getting some mixed signals on the […]

Taiwan Semiconductor reports Q3 revenue declines during AI hype

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Chipmaker Taiwan Semiconductor (TSM) shared falling revenue in the month of September, asserting the declines were better than expected. Yahoo Finance Live’s Akiko Fujita and Rachelle Akuffo monitor the stock action surrounding the chip company and its competitors amid artificial intelligence trends and lags in the PC market. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #AI #youtube #stockmarket 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: […]

Tesla Model 3, Model Y get price cuts

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Tesla (TSLA) is trimming the costs of its Model 3 and Model Y EVs. Most versions of the Model 3 are getting a price cut of $1,250, while the long-range version of the Model Y SUV is now $2,000 cheaper. It comes after the EV maker reported third quarter deliveries that missed expectations. Yahoo Finance Live discuss the latest price cuts. 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 #youtube #Tesla #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction […]