Holiday shopping season is right around the corner, with retailers gearing up for major shopping events like Black Friday and Cyber Monday. Due to a series of economic headwinds and changing consumer habits, retailers are faced with s supply issues from dealing with old stock, new inventory, and a focus on secondary market discounts from consumers. Coresight Research CEO Deborah Weinswig joins Yahoo Finance to break down the latest findings on consumer trends during the holiday season and how retailers will fare with the changes. Weinswig elaborates on changes in consumer habits: “The other change we are starting to see is around this idea of ‘fast-luxury’ which is consumers who […]
Surging retail sales showed resilient consumers, with 9 of 13 categories rising month-over-month. Yahoo Finance’s Josh Schafer reports on this story and weighs in the possibility of the a Fed rate hike in December. 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 Yahoo Finance Plus get the tools you need to invest with confidence. Discover […]
Homebuilders aren’t feeling as confident as they used to. The October National Association of Home Builders/Wells Fargo Housing Market Index fell to 40, the lowest level since January. Anything below 50 indicates negative sentiment. Higher mortgage rates have weighed on builders, with the survey noting some are starting to trim prices in a bid to attract buyers. Yahoo Finance Live discusses the report. 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 […]
Bank of America’s (BAC) third-quarter earnings show profits rose up to 10% year-over-year, citing a boost from higher interest income and a strong performance from its Wall Street unit. Yahoo Finance anchors Seana Smith and Brad Smith break down the bank’s earnings figures and top takeaways from its earnings call. 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 expert […]
An explosive testimony from FTX’s former Head of Engineering Nishad Singh was heard by prosecutors today. Singh, also a former high school classmate of defendant Sam Bankman-Fried, is one of three top executives who have already pleaded guilty to multiple fraud charges and have agreed to cooperate with the prosecution. Singh walked the prosecution through conversations with Bankman-Fried that illustrate the FTX co-founder’s original intent to commit fraud. Yahoo Finance reporter Alexis Keenan details Singh’s testimony and what it means for the prosecution’s case. 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 […]
“Major retailers have felt the brunt of retail theft — commonly referred to as retail shrink — with organized retail crime reportedly costing stores over $112 billion in inventory losses in 2022, according to the National Retail Federation. Home Depot (HD) Vice President of Asset Protection Scott Glenn sits down with Yahoo Finance to discuss where these pressures are showing up in consumers’ receipts and how retailers are partnering with lawmakers to crack down on retail theft. “”There’s two sides to it — there’s the supply chain side of it… [which] certainly puts pressure on all of us in terms of keeping our shelves full, keeping product available for the […]
Stocks started the week on an upbeat note as investors gear up for third quarter earnings. With the next Federal Reserve meeting less than a month away investors are still debating if there will be a recession or if the central bank can pull off a soft landing. Thrivent CFO & CIO David Royal joins Yahoo Finance to discuss his theory as to why, despite current headwinds, the U.S economy is ready for a “”slow take off.”” Royal gives a suggestion for investors to keep their eyes on if he’s correct: “”Areas that we find attractive in this market, if I’m right and we are going through a slow take […]
Stocks traded higher during afternoon trading on Monday as investors prepared for a host of corporate earnings this week. Wall Street also braced for heightened geopolitical tensions as the US attempted to advance efforts to contain the Israel-Hamas conflict. The Dow Jones Industrial Average (^DJI) increased nearly 1% or about 300 points while the S&P 500 (^GSPC) gained just over 1%. The tech-heavy Nasdaq Composite (^IXIC) increased about 1.1%. Earnings season picks up steam this week, with reports from Goldman Sachs (GS) and Bank of America (BAC) due Tuesday after upbeat results from their Wall Street peers. Updates from Tesla (TSLA) and Netflix (NFLX) kick off tech earnings on Wednesday, […]
Tech stocks have buoyed stock investors’ returns this year, but Comerica Wealth Management CIO John Lynch says a new era is coming. Lynch says he is “”concerned”” about certain market dynamics, such as the energy sector outperforming consumer discretionary. Lynch also thinks the recent rise in 10-year Treasury yields is “”a function of Treasury issuance, which could be up another 20, 25% over the course of the next year.”” 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 […]
The discussions over who will serve as House speaker continue. House Minority Leader Hakeem Jeffries said informal talks are underway for a bipartisan solution. Representative Jim Jordan is nominated for House speaker, but still needs majority of the House votes. Yahoo Finance Senior Columnist Rick Newman discusses the latest news on the House speaker race. 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. […]
