Archive List for News

U.S. economy: ‘The consumer is really what’s going to make the difference,’ expert explains

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yahoo finance

The banking industry has been through a rough patch in 2023 with the collapse of several regional banks, increased regulations, and higher interest rates encouraged by the Federal Reserve. Citizens Vice Chair Brendan Coughlin joins Yahoo Finance to discuss what lies ahead as the financial sector deals with a looming credit crisis and an economic hard-landing scenario leading into 2024. “”There’s a lot of dynamics to face. I would say the resiliency and the strength of the consumer [is] still really strong despite all that, and I think there’s a chance that the strength of the consumer is really what’s going to make the difference in this economy in 2024 […]

Fed Chair on monetary policy: ‘Inflation is too high… and the path forward is uncertain’

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yahoo finance

The Federal Reserve announced Wednesday that it has decided to maintain interest rates in a range of 5.25%-5.50%. Federal Reserve Chairman Jerome Powell announced the decision this afternoon. Here are the top three takeaways investors need to know regarding the decision. 1. The Fed remains committed to return inflation to 2% (00:00:03) “Inflation is still too high. Ongoing progress in bringing it down is not assured, and the path forward is uncertain,” Powell said. “As we look ahead to next year, I want to assure the American people that we’re fully committed to returning inflation to our 2% goal.” 2. The Fed decided to maintain target range at 5.25-5.5% (00:00:39) […]

Can the Magnificent Seven continue to dominate in 2024?

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yahoo finance

The Magnificent Seven tech stocks — Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) — have dominated 2023’s headlines, as well as the S&P 500 (^GSPC). Continuously outperforming expectations in spite of higher interest rates, can these stocks keep their shine with the Federal Reserve signaling an end to rate hikes? Envestnet Co-Chief Investment Officer Dana D’Auria joins Yahoo Finance to discuss stock market forecasts for 2024 and provides alternatives to the Magnificent Seven for investors to put in their portfolios. D’Auria explains that since many companies have yet to figure out AI, it becomes “”a lot to expect, you’re pricing in […]

Stock market news: Stocks little changed as rate cut doubts set in December 15 | Yahoo Finance

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yahoo finance

Stocks moved into positive territory Friday, with the Dow pulling just over the flat line as the prospect of deeper and earlier interest-rate cuts continued to buoy Wall Street’s spirits. The Dow Jones Industrial Average (^DJI) ticked up 0.1%, or about 30 points, after the blue-chip index closed at a fresh all-time high Thursday. The S&P 500 (^GSPC) was virtually unchanged, while the tech-heavy Nasdaq Composite (^IXIC) gained 0.5%. Markets rejoiced after the Federal Reserve’s surprise shift in tone to dovish this week, as it signaled more rate cuts in 2024 and acknowledged its anti-inflation campaign is gaining traction. That has helped drive a record-setting rally in US stocks, and […]

Man buys out entire elementary school book fair

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CNBC

A #Missouri car salesman and the company he works for spent nearly $8,000 to buy out and donate an entire #book fair to an elementary school. » Subscribe to NBC News: https://www.youtube.com/user/NBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621 Visit NBCNews.Com: https://www.nbcnews.com/ Find NBC […]

GM to layoff 1300 workers at Michigan plant in early 2024

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yahoo finance

General Motors (GM) will be laying off about 1,300 workers at two plants in Michigan. The move comes after GM announced it would be delaying the production of its electric pickup trucks to 2025. Yahoo Finance’s Seana Smith and Brad Smith discuss the announcement. 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 to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on […]

Nightly News Full Broadcast – Dec. 14

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CNBC

U.S. tells Israel to end large-scale ground offensive in Gaza, two sources say; Federal jury weighs financial penalty Giuliani must pay to two Georgia election workers; Putin says there will be peace when ‘we achieve our goals’; and more on tonight’s broadcast. 00:00 Intro 01:32 Biden urges Israel to ‘be more careful’ 05:44 Inside hospital for Israel’s wounded soldiers 07:34 Tracking major storm targeting east coast 08:22 Jury deliberations in Rudy Giuliani trial 10:16 Migrant crossings surge at Arizona border 12:21 Putin: ‘No peace in Ukraine’ until goals reached 14:28 Airlines brace for record holiday travel 16:29 Hospitals: Medicare Advantage claims routinely denied 19:48 Bull loose on tracks near New […]

Baseball’s biggest star Shohei Ohtani signs $700 million deal with LA Dodgers

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CNBC

Baseball superstar Shohei Ohtani signed a whopping $700 million contract for ten years with the Los Angeles Dodgers. The former Angel is a unique two-way phenom as both a pitcher and a batter. NBC News’ Miguel Almaguer has more on the MLB’s biggest sensation. » Subscribe to NBC News: https://www.youtube.com/user/NBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your […]

Medicare Advantage routinely denies reimbursements for necessary care, hospital execs say

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CNBC

31 million people are on Medicare Advantage plans, a private alternative to traditional Medicare. The plans are often cheaper and promise better benefits. However, the CEOs of rural hospital systems in six states told NBC News that Medicare Advantage routinely denies reimbursements for necessary care. NBC News’ Sam Brock reports. » Subscribe to NBC News: https://www.youtube.com/user/NBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, […]

REITS poised for a strong showing in 2024: Economist

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yahoo finance

Mortgage rates have finally dipped below 7% and with the Federal Reserve on pause, mortgage rates may continue to drift lower, paving the way for commercial real estate sales to open back up. John Worth, Nareit Economist and Head of Investor Outreach, joins Yahoo Finance to discuss the easing of rates and why REITs should be considered by investors to put on the top of their watch list for 2024. Worth explains the upside for REITs here: “I think that even with the Fed easing, that’s going to be easing to a higher rate environment. So I do think in 2024, we’ll see some of that commercial real estate sales […]