Archive List for FX

Stock market news: Stocks slide, oil hits 5-month lows December 6 | Yahoo Finance

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US stocks slipped on Wednesday amid fresh signs of economic malaise, as oil prices hit lows not seen since June and investors looked to data that signaled more cooling in the labor market. The S&P 500 (^GSPC) fell about 0.4% while the Dow Jones Industrial Average (^DJI) dropped more nearly 0.2% or about 70 points. The Nasdaq Composite (^IXIC) shed roughly 0.6%. Wednesday brought fresh signs of softening in the labor market, as the ADP gauge on private payrolls missed expectations, finding that 103,000 jobs were added in November. That came after Tuesday’s soft reading on jobs openings bolstered optimism for a Fed pivot to cutting interest rates. Markets are […]

Elon Musk’s SpaceX considers selling insider shares, company valued at $175 billion: Report

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According to a report from Bloomberg, SpaceX has begun discussions on selling insider shares to raise somewhere between $500 and 700 million. Current pricing offers value SpaceX at $175 billion. In the past, founder Elon Musk has commented on keeping the company private, but what has changed? Yahoo Finance Reporter Pras Subramanian joins the Live show to break down how SpaceX’s purported value compares with that of other aerospace companies and what a path forward for a SpaceX IPO could look like. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #ElonMusk #SpaceX About Yahoo Finance: Yahoo Finance […]

Bank of Japan may end decades long negative interest rate policy

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The Bank of Japan might be set to exit from ultra-low interest rates that have sat at these levels since 2015. This unexpected rate hike has led to the Japanese yen rallying to a three-month high. Yahoo Finance’s Jared Blikre takes a deep dive into this rate hike and what this decision may hold in store for Japan’s currency. #youtube #yahoofinance #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) […]

Campbell Soup CEO talks earnings, outlook, and the consumer

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#campbellsoup #consumer #soup #yahoofinance Campbell Soup Company (CPB) reported fiscal first-quarter adjusted earnings per share of $0.91, better than analysts had expected. Net organic sales, however, fell 1% from the prior year. In an interview with Yahoo Finance Executive Editor Brian Sozzi, Campbell Soup CEO Mark Clouse says a positive for him in the quarter was how the results were in line with the company’s expectations, though he does admit volumes “are a still bit under strain.” Clouse also explains how comparisons are tough given how strong the year-ago quarter was. As to why the company reaffirmed its full-year outlook, Clouse says he is not anticipating a “radical change in […]

Lower oil prices will persist into 2024: Portfolio Manager

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#crudeoil #oilstocks #yahoofinance Crude oil (CL=F) dipped below $70 per barrel on Wednesday, weighed down by demand concerns. Tortoise Senior Portfolio Manager Rob Thummel believes negative demand sentiment is fueling oil prices to the downside. He expects prices to stay lower as shifts in the energy market finish playing out. Thummel outlines how evidence of declining global inventories due to OPEC+ production cuts and demand recovery will be needed to shift sentiment — all factors requiring time. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio […]

Big bank CEOs testify before Congress: Top takeaways

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#bigbank #ceo #congress #yahoofinance The CEOs of America’s largest banks, including Bank of America (BAC) Chairman and CEO Brian Moynihan, JPMorgan Chase (JPM) Chairman and CEO Jamie Dimon, Citigroup (C) CEO Jane Fraser, and more, testified before the Senate’s banking committee as part of Congress’s annual oversight of the financial sector. The controversial capital requirements proposed by the Federal Reserve came up repeatedly throughout the hearing, with many CEOs opposed to the provisions or in favor of amendments before the requirements go into effect. Here are the top takeaways that investors need to know. Small business lending (00:00:24) Banking analyst Meredith Whitney of Meredith Whitney Advisory Group broke down the […]

Putin to visit UAE, Saudi Arabia this week

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#russia #putin #uae #saudiarabia #yahoofinance Russian President Vladimir Putin travels to the Middle East this week, visiting the UAE and Saudi Arabia to discuss oil, trade, and geopolitical issues. The trip comes as Russia aims to strengthen ties with the oil-rich nations at a time of conflict in Ukraine and tensions with the West. Yahoo Finance’s Senior Business Reporter Ines Ferre analyzes the implications of Putin’s visit against the backdrop of volatile energy markets, while also providing insights into the current oil and energy price outlooks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo […]

Google unveils Gemini, its latest AI chatbot

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#google #gemini #ai #chatbot #yahoofinance Google (GOOG, GOOGL) unveiled its newest generative AI model, the Gemini chatbot. Created to handle text, images, video, and other content, Gemini comes in three versions — Ultra, Pro, and Nano — to compete with OpenAI’s ChatGPT and other rivals. Yahoo Finance Tech Editor Dan Howley analyzes Gemini’s features, examining its capabilities versus market alternatives, and talking about Google’s broader strategy moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more […]

Former House Speaker Kevin McCarthy to leave Congress

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#kevinmccarthy #congress #congress #yahoofinance Former House Speaker Kevin McCarthy (R-California) has announced he will leave Congress at the end of the year. In The Wall Street Journal, McCarthy writes that he has “decided to depart the House at the end of this year to serve America in new ways,” adding that “I know my work is only getting started.” Yahoo Finance Live reports on the breaking story. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. 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 […]

Apple stock feeling the holiday cheer, surpassing $3T mark

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#apple #holiday #yahoofinance Tech giant Apple (AAPL) has hit the $3 trillion mark in terms of market cap for the first time since August, and is set for its best yearly performance since 2020. While sales have improved on the back of the release of the iPhone 15, analysts remain focused on the company’s current sales cycle as well as its performance in China – a key market for the company – and whether changes in consumer trends may impact the company’s bottom line going into the new year. Yahoo Finance’s Diane King Hall and Brad Smith weigh in on Apple’s journey throughout the year—and outlook for 2024. About Yahoo […]