Archive List for Money

Stocks may be in for a little scare heading into 2024, with Interactive Brokers Chief Strategist Steve Sosnick stating the “”setup isn’t great.”” Sosnick went on to convey hesitancy over the strength of the Magnificent Seven tech stocks — comprised of Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), Tesla (TSLA) — and whether they should be grouped together at all. “At this point, you can’t look at them as seven stocks together,”” Sosnick explains to Yahoo Finance about the mixed earnings results from Big Tech players. “”Tesla is, I think, at risk of being kicked out of the club right now because they’ve been […]

The U.S. Treasury Department is expected to issue $114 billion in bonds as markets cope with elevated bond yields and higher for longer interest rates. Kovitz Principal and Portfolio Manager John Buckingham explains his thoughts on how well the stock market should hold up against economic headwinds and the Fed’s rate policy as earnings season continues. “Historically speaking… stocks have done well in higher interest rate environments, stocks have done well in inflationary environments. Well, heck, stocks have done well no matter what the backdrop is,” Buckingham tells Yahoo Finance. “Unfortunately, in the near term, obviously, there can be some volatility as we have certainly seen here of late.” For […]

#sp500 #stockmarket #yahoofinance #investor Last week, the broader market fell into a decline, moving into technical correction territory with the S&P 500 down 10% from its peak in July. The correction comes from a mix of reactions to higher for longer interest rates, Treasury bond yields, and mortgage rates which continue to increase. With a Federal Reserve decision, Treasury borrowing plans, and continued earnings pressure on the horizon, investors are overwhelmed by all the changing variables and what it means for the markets. NewEdge Wealth Chief Investment Officer Cameron Dawson joins Yahoo Finance to break down what all these events will mean for the market and how they will affect […]

SoFi (SOFI) shares jumped on better-than-expected third-quarter earnings results, boosted by the return of federal student loan payments. Dominick Gabriele, Oppenheimer Executive Director and Senior Analyst of Equity Research – Fintech & Specialty Finance, is “surprised” by how much of an influence the impact of student loan repayments has been on the company’s stocks. Considering that student loan repayment resumed this month, Gabriele notes that personal loan origination growing by 100% was “much faster” than analysts expected. 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 #SOFI #stockmarket About Yahoo Finance: At Yahoo […]

A huge week lies ahead for investors watching the Federal Reserve’s interest rate announcement, the Treasury Department’s bond issuance, and more earnings reports rolling out. All of these headline events come as the broader market dips into a technical correction, making many investors nervous as to what this means for future investments in the short term. Annex Wealth Management Chief Economist Brian Jacobsen joins Yahoo Finance to discuss what this week holds in store for the market, and how investors should frame this as an opportunity. “The refunding issue, that’s a little bit bigger issue as the amount of debt the government is issuing. The Fed has stepped out as […]

On Friday, October 27, Sam Bankman-Fried took the stand and testified under oath in private for over 5 hours. The former FTX CEO admitted, in his own words, that he made “significant oversights” during his tenure, but stood firm that he did not steal from customers or commit fraud. SBF will take the stand once again on Monday, October 30, as the trial continues. Ice Miller LLP Partner Jarrod Loadholt joins Yahoo Finance anchors Rachelle Akuffo and Akiko Fujita to discuss the fraud trial, SBF’s initial testimony, and what it means for both sides of the case. “One of the things I find most interesting is, as someone who has […]

U.S. consumer spending is finding resiliency in recreation, as more Americans continue to seek out experiences and dine out. Yahoo Finance Live co-hosts Akiko Fujita and Rachelle Akuffo break down Monday’s chart of the day and whether American consumer spending can withstand higher for longer interest rates and other economic headwinds.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. 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 […]

The S&P 500 (^GSPC) has seen 2.7% growth from third-quarter earnings tied to Big Tech stocks. Yahoo Finance Live’s Rachelle Akuffo and Akiko Fujita preview the earnings expectations for chipmaker Advanced Micro Devices (AMD) — which is set to report earnings on Tuesday, October 31 — and Apple (AAPL) — reporting on Thursday, November 2. 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 […]