Archive List for Savings

In the face of lingering inflation, consumers are grappling with the pinch on their wallets. Edelman Financial Engines Director of Financial Planning Kelli Smith joins Wealth! to discuss strategies for combating inflation. Smith emphasizes the importance of being proactive, stating that individuals need “to get out in front of it.” She advises those preparing for “an inflationary environment” to prioritize saving and building an emergency fund, while focusing on minimizing debt as much as possible. Smith encourages individuals to ensure that their “expectations are flexible,” acknowledging that they cannot control external factors. She advises identifying areas where downsizing and cost control are possible, saying it’s important to “change behaviors where […]

April’s Consumer Price Index (CPI) saw inflation come in lower than expected. However, prices continue to remain elevated in several areas. Yahoo Finance’s Alexandra Canal breaks down where consumers feel inflation hit the hardest. Shelter and gas were two of the biggest contributors to overall inflation. Gas prices rose 2.8% from March to April, and the index for shelter rose 5.5% year over year. Apparel also rose, with prices increasing 1.2% month over month, making it the largest rise in the category this year so far. Motor vehicle insurance, medical care, and personal care also saw notable upticks in inflation, impacting nearly every part of the consumer’s day-to-day. About Yahoo […]

The persistent rise in mortgage rates has cast a shadow over the housing market. A recent report from the National Association of Home Builders (NAHB) revealed that the index that tracks homebuilder confidence plunged 6 points in May — suggesting that homebuilders currently perceive the conditions for building as unfavorable in this higher-for-longer interest rate environment. 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 […]

Both Big Tech and US lawmakers are willing to spend tens of billions of dollars in the next few years to further develop and adopt AI models. But while more companies are unveiling new artificial intelligence products, are these offerings actually going to bring about the results and drivers they are looking for? BCG Global Chair Rich Lesser sits down with Catalysts to talk about the transition tech companies need to take to transition AI projects into “tangible” outcomes. “And the challenge is if you take a ‘thousand flowers bloom’ approach, you don’t translate anything into real outcomes at scale. And so we see companies more and more focused on […]

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 […]

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