According to RBC Captial’s November jobs report forecast, the unemployment rate will increase to 4% with labor force participation to remain the same. Growth in ADP’s private payroll data has also shrunk in recent months. What does this mean for the labor market at large? RBC Capital Markets US Economist Michael Reid joins Yahoo Finance’s Diane King Hall to discuss his forecast and what this could mean for the labor market and the Federal Reserve’s monetary policy going forward. “We’re looking for the headline payroll gain to come in around 185,000. But, We are looking for the unemployment rate to tick up to 4%. That would be in line with […]
European lawmakers are set to resume discussions this week on drafting and passing the world’s first law regulating artificial intelligence. Yahoo Finance Tech Editor Dan Howley highlights the provisions that have been suggested, including consumer concerns and a desire for AI source code transparency. #youtube #EU #youtube 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 […]
AMD (AMD) unveiled its new MI300 data center chip – an ultra-powerful AI accelerator years in the making. CEO Dr. Lisa Su joined Yahoo Finance’s Brian Sozzi to discuss the complex processor and booming AI chip demand. Su highlighted the MI300’s record 153 billion transistors, calling it the “most complex chip in the industry.” With AI adoption surging, she says extremely robust GPUs like MI300 are essential for businesses, cloud platforms and researchers. Detailing steady progress over 5+ years, Su explains the MI300 chips is comprised of 12 stacked “chiplets,” noting each MI300 chip takes over 7 months to produce given intricate designs. With Microsoft (MSFT), Meta (META), Oracle (ORCL) […]
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 […]
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 […]
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) […]
#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 […]
#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 […]
#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 […]
#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 […]
