Archive List for FX

CPI data: Is the economy headed for disinflation or stagflation?

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yahoo finance

April’s Consumer Price Index (CPI) data was released on Wednesday, falling in line with expectations with a 3.4% year-over-year rise. Core CPI also matched estimates year over year, signaling inflation’s potential easing. EY Chief Economist Gregory Daco and Academy Securities Head of Macro Strategy Peter Tchir join The Morning Brief to discuss the CPI data and the impact it may have on the overall market. Daco suggests that a disinflation trend is picking up: “I think this recent retail sales report, while not alarming, does show that consumers are exercising a little bit more scrutiny. That’s generally disinflationary. I think that disinflation momentum will continue or probably hit an inflation […]

Inflation will stay elevated unless employment improves: Strategist

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yahoo finance

While the company is seeing improvement from Chinese consumers, Zino is unsure whether that momentum will be sustainable through the end of the year. #youtube #news #stockmarket About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

What Biden’s tariffs on China mean for the auto sector

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yahoo finance

The Biden administration’s decision to raise tariffs on $18 billion worth of imports from China has sent ripples across various sectors, including semiconductors and aluminum and steel. The new trade policy particularly targets China’s electric vehicle sector, where tariffs have quadrupled from 25% to a staggering 100% to “protect the American autoworkers” according to President Biden. Yahoo Finance’s Pras Subramanian breaks down the details, discussing how this will impact the sector moving forward. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data […]

Inflation is going in the wrong direction, adviser says

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Recent economic data, such as Tuesday’s hotter-than-expected Producer Price Index (PPI) reading, suggest inflation is not moving as swiftly as hoped toward the Federal Reserve’s 2% target. Verdence Capital Advisors Chief Investment Officer Megan Horneman joins The Morning Brief to give insight into how the markets are moving and why the Fed will need to adopt a more hawkish tone to rectify the current inflationary trend. Horneman explains that beyond the recent PPI report, there have been other economic warning signs: “This isn’t the only report that has warned us that inflation is not going in the right direction. You can look at the ISM Manufacturing Report. You can look […]

US-China tariffs force China to be creative, analyst says

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yahoo finance

The Biden administration has enacted a new set of tariffs against China that will hit up to $18 billion in imported goods, including quadrupling the duties imposed on electric vehicles (EVs) and doubling tariffs on solar panels and semiconductors to 50% each. Bernstein Managing Director and Senior Analyst Stacy Rasgon joins The Morning Brief to elaborate on whether or not these trade policies will have any lasting effects on the United States, its demand for semiconductor imports, and the new avenues China is approaching to acquire more AI chips. “The US just doesn’t import a lot of direct semiconductors from China… it’s maybe a few billion dollars, it’s not any […]

Tesla is rehiring some of the Supercharging team that it laid-off

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yahoo finance

Tesla (TSLA) is rehiring back some of its Supercharger team which were laid off last month, according to Bloomberg. This comes after CEO Elon Musk posted on X (formerly Twitter) that the EV maker was all in on expanding its Supercharger network with an investment of over $500 million in spite of headcount reductions and recent executive departures. ROTH Capital Senior Research Analyst Craig Irwin sits down with Catalysts to talk about Tesla’s Supercharger road map and which areas the auto company should be prioritizing. They got to show they can they can get growth going again right? When you decline 7 or 8% you’ve got to actually show that […]

What Biden’s tariffs on China mean for the US economy and the election

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yahoo finance

The Biden administration has imposed tariffs on $18 billion worth of annual imports from China, including semiconductors, electric vehicles, steel, and other sectors. With growing trade tensions between China and the United States, this move raises questions about its potential impact on the upcoming election. According to Yahoo Finance’s Senior Columnist Rick Newman, the tariffs “do fit with what Biden has been doing his whole term, which is incentivizing the development of certain industries within the United States.” He explains that the tariffs are intended to make those goods originating from China more expensive, thereby promoting domestic manufacturing of these products. About Yahoo Finance: Yahoo Finance provides free stock ticker […]

Biden announces tariffs on $18B of Chinese goods

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yahoo finance

The Biden Administration has imposed new tariffs on $18 billion worth of Chinese goods. The sweeping tariffs will impact a wide range of products, including semiconductors, aluminum, steel, and more. The tariff on the electric vehicle sector will see a staggering quadruple increase, soaring from the current 25% to a 100% rate. Yahoo Finance’s Jennifer Schonberger sheds light on the sectors set to see the most significant impact, delving into the strategic rationale behind the implementation of these new tariffs. #Biden #stockmarket #youtube About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage […]

Inflation history: How past price increases and monetary policy impacted the consumer

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Inflation is not a new phenomenon for the U.S. economy. Although the Federal Reserve has sustained a higher-for-longer inflation environment, historical outcomes provide valuable insights. Brookings Institution Director of Economic Studies Ben Harris joins Wealth! to talk economic history. Harris draws parallels to the 1970s and early 1980s, when “inflation lasted for roughly a decade.” During that time, inflation reached a staggering 14%, he says, whereas inflation peaked at 9% most recently. While Harris acknowledges that though the current experience “wasn’t as severe, some of the lessons were the same.” Harris emphasizes that monetary policy is the primary tool for combating inflation, stating that the Fed will “keep interest rates […]

What April’s CPI data could mean for Fed rate cuts, plus opportunities for investors

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All eyes are on April’s Consumer Price Index (CPI) report, as it will reveal details about the current state of inflation among consumers. SEI (SEIC) CIO Jim Smigiel joins Market Domination to break down what investors should expect from Wednesday’s CPI print and what it could signal for the Fed’s next moves. “We have three hot prints in a row, as most investors are aware, and the Fed is really running out of room here in order to deliver the cuts that I think most investors would love to see,” Smigiel tells Josh Lipton and Julie Hyman. He anticipates April’s numbers to be slightly weaker, adding that he’s bearish on […]