Archive List for Business

Fed holds rates steady, ‘next move likely a cut in middle of 2024’: Economist

The Federal Reserve has opted to hold interest rates coming out of its November FOMC meeting. Unlimited Funds Co-Founder, CEO, and CIO Bob Elliott and EY Chief Economist Greg Daco join Yahoo Finance Live anchors Julie Hyman and Josh Lipton to discuss the actual strength of the U.S. economy and what areas Fed regulators are focusing on in future rate decisions. “We’re in an environment where there’s no doubt that the economy remains robust,” Daco says, praising economic and consumer resiliency while later adding: “But if you look ahead, and I think that needs to be the Fed’s key focus going forward, is if you look ahead at the expectations […]

Fed Chair Jerome Powell holds presser following FOMC meeting

Federal Reserve Chairman Jerome Powell holds a news conference following the November Federal Open Market Committee meeting on interest rates. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #interestrates #stockmarket 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 research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about […]

Treasury Dept. to boost bond auction size next week in refunding plan

The U.S. Treasury Department will increase the size of its bond auction sizes by up to $112 billion next week as debt servicing costs rise to $600 billion in 2023. Yahoo Finance’s Jared Blikre reports on what to expect on the direction of the bond market in the near future. 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 […]

Bankruptcy filings spike in first 3 quarters of 2023, WeWork could file next week

WeWork (WE) could file for Chapter 11 bankruptcy next week, according to the Wall Street Journal. Yahoo Finance Live anchors Rachelle Akuffo and Akiko Fujita break down the pattern of U.S. bankruptcies across industries in 2023 as illustrated in the Chart of the Day. 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 […]

Stock market outlook for November which is historically a bullish month

The stock market saw a slight rebound Wednesday morning — the first trading day in November — kicking off an often historically strong month for the market. Investors are watching closely for the Federal Reserve’s next decision on interest rates, which will be revealed later Wednesday afternoon, with many believing interest rates will remain unchanged. Yahoo Finance reporter Jared Blikre joins the live show to take a deep dive into the S&P 500’s (^GSPC) historical performance trends in the month of November and give some insight into its performance going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance […]

Sam Bankman-Fried criminal FTX trial moves to closing arguments

Closing arguments begin today in Sam Bankman-Fried’s criminal fraud trial, after the FTX (FTT-USD) founder took the pivotal step of testifying in his own defense against seven charges. SBF has pleaded not guilty, even as former executives admitted the scheme was fraudulent. Yahoo Finance’s Alexis Keenan breaks down SBF’s testimony, highlighting key points from both the defense and prosecution as closing arguments approach. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #FTX #crypto 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, […]

Apple earnings: Guidance will be ‘top of mind,’ analyst says

Apple (AAPL) is set to announce earnings on Thursday, Nov. 2 and many investors are already looking ahead to the fourth quarter. With the recent release of the iPhone 15, questions about demand are still swirling. Ben Bajarin, Creative Strategies CEO and Principal Analyst joins Yahoo Finance Live to weigh in on demand and consumer trends that could indicate how the tech giant is faring, globally. Noting “”a couple challenges”” including supply constraints, Bajarin suggests a sense of “”some elongated demand”” but its too soon to gauge. 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 […]

Zillow, real estate stocks fall on brokers commission verdict

Zillow (Z, ZG) shares closed nearly 7% lower after a Missouri jury ruled the National Association of Realtors colluded with brokerages to keep agent commissions high, awarding nearly $1.8 billion in damages. The class action lawsuit focused on the opaque nature of brokerage fees and commission splits. Other real estate stocks like Compass (COMP) and Redfin (RDFN) also fell on the news, though none of the real estate companies were named in the suit. 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. […]

SBF cross-examined in FTX fraud trial, defense rests case

The fraud trial against FTX Co-Founder Sam Bankman-Fried continued on Tuesday with SBF taking the stand. The defense made its final arguments and rested its case while the prosecution continued with cross-examination. Lead prosecutor, U.S. Assistant Attorney Danielle Sassoon, continued to poke holes in SBF’s testimony and find points of contradiction in his previous statements. CoinDesk U.S. Markets Reporter Helene Braun joins Yahoo Finance to discuss what she witnessed in the courtroom and the overall feeling of the trial. “”[Sassoon] also pulls out a video of Sam with former U.S. President Bill Clinton and U.K. Prime Minister Tony Blair in the Bahamas, which Sam claims were there for the FTX […]

WeWork stock plunges on reports of bankruptcy filing plans

WeWork (WE) shares sink even lower on headlines that the company is planning to file for bankruptcy next week, according to the Wall Street Journal. Yahoo Finance anchors Julie Hyman and Josh Lipton comment on the coworking space provider’s fall from grace as an original startup darling. 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 research and investment […]