Archive List for Money

Mortgage rates pulled back below 8% last year, remaining elevated but plunging by the highest rate in 16 months. First American Chief Economist Mark Fleming reacts to the slip in fixed mortgage rates and what may encourage homeowners to enter the U.S. housing market. “There is sort of psychological handles around the main numbers, so getting back below 7% would be really good,” Fleming tells Yahoo Finance on mortgage rates. “Getting back below 6 [or] a 5% range mortgage rate, I think, would really begin to make people sort of say, ‘Well, look, I’ve lived in my house a few years, I know my mortgage rates maybe a little bit […]

The Walt Disney Company (DIS) reported mixed fiscal fourth quarter results. Adjusted earnings per share of $0.82 topped analyst expectations of $0.69, while revenue of $21.24 billion fell slightly short of estimates of $21.43 billion. The entertainment giant also now sees bigger cost savings than it had previously expected, raising its estimate to $7.5 billion from $5.5 billion. The company’s main streaming service, Disney+, also added more subscribers than the Street had been anticipating. Third Bridge Group Sector Analyst Jamie Lumley says that the growth in streaming subscribers is a “positive sign,” but that its direct-to-consumer losses, though smaller, are nonetheless still losses. Overall, Lumley says the streaming business is […]

Treasury yields are starting to come off from their highs. What does that mean for stocks? Watch Yahoo Finance’s Jared Blikre explain the connection in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #stockmarket #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, 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 […]

Federal Reserve Chair Jerome Powell spoke at a conference Wednesday morning, celebrating 100 years of the Fed’s Division of Research and Statistics. While he made no comment on the status of the economy or monetary policy, the Dow Jones Industrial Average (^DJI) still rose after his speech. Investors have been closely eyeing any and all comments from the central bank to get a better insight as to future movement in the economy, as fears of a recession still loom. Girard CIO Tim Chubb joins Yahoo Finance to discuss the market and what investors should consider for their portfolios. “Looking at fixed income at particular, much more attractive and relative terms […]

Nintendo (NTDOY) shares gained after the video game company announced it will release a live-action ‘Legend of Zelda’ movie funded and distributed by Sony. This news comes on the heels of the successful release of Nintendo’s Super Mario Bros. movie adaptation earlier this year. Yahoo Finance’s entertainment reporterr Alexandra Canal break down the details of Nintendo’s strategy, providing insights on the trend of gaming companies leveraging popular franchises and characters to produce blockbuster movies. 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, […]

The Federal Reserve Bank of New York’s Household Debt and Credit report shows Americans owe approximately $1.08 trillion in credit card debt. This represents a $154 billion year-over-year increase, the largest annual jump since 1999. The report also found rising delinquencies across age groups, specifically among millennials aged 30-39. Yahoo Finance’s Rachelle Akuffo and Jared Blikre break down all the details. or 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 […]

Take-Two Interactive (TTWO) may soon announce details about the highly anticipated Grand Theft Auto 6, according to a Bloomberg report. The Grand Theft Auto franchise has sold over 405 million units to date, with the most recent entry, GTA 5, launching a decade ago in 2013. GTA 5 has sold over 185 million units as of Take-Two’s last earnings report, generating over $1 billion in sales. Yahoo Finance’s Tech Editor Dan Howley analyzed the enduring popularity of the decades-old GTA franchise, providing insights into the rumored GTA 6 release and what a new entry in the blockbuster series could mean for Take-Two Interactive. For more expert insight and the latest […]