Federal Reserve officials are convening for their November FOMC meeting with Chair Jerome Powell to announce the Fed’s decision on interest rates on Wednesday. Cindy Beaulieu, Conning CIO for North America, joins Yahoo Finance Live to discuss what December could look like based on the likelihood of tomorrow’s decision and what may be causing division between Fed regulators. “”Part of the reason they’ve been careful in their pauses along the way here has been because we have seen so many, so many lag effects in this that have taken place and that’s why they’re being cautious and careful,”” Beaulieu says on consumer savings. “”But I think the problem they have […]
The Federal Reserve’s two-day policy meeting started today as investors anticipate rates will be held steady in the 5.25-5.50% range. Markets are looking to Fed Chair Jerome Powell for guidance on future monetary policy moves. September inflation dropped to 3.7%, meeting the Fed’s year-end forecast. Meanwhile, surging bond yields have fueled hopes of a potential pause. However, Powell said they will be ‘proceed cautiously’ amid a strong economy. Yahoo Finance’s Fed reporter Jennifer Schonberger explores how data like GDP and consumer spending support further hikes, though lagging indicators like mortgages haven’t fully allowed consumers and businesses to feel the rises yet. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At […]
AMD (AMD) will release third-quarter earnings after Tuesday’s closing bell, with Wall Street hoping for positive results despite other mixed Big Tech earnings. The company announced its drive to join the AI chip race and catch up to chip maker giant Nvidia (NVDA). Yahoo Finance anchors Brad Smith and Diane King Hall break down what investors should pay attention to as AMD gears up to release its third-quarter earnings. 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 […]
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 […]
Investigators in Colorado are looking into why a man armed with weapons, explosives and a tactical vest apparently took his own life at an outdoor theme park over the weekend without hurting anyone else. NBC News’ Tom Costello has more details. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews 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 […]
Israeli says Pvt. Ori Megidish is “doing well” medically and has met her family, after her rescue from Gaza. Hamas is still refusing to release its hostages – with Israel raising their estimate to 239 captives currently kidnapped in Gaza, including 33 children. NBC News’ Richard Engel also has more on a new hostage propaganda video released by Hamas, and the humanitarian crisis in Gaza. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews 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, […]
Israel announced that 23-year-old Shani Louk, who attended the Supernova music festival, was killed by Hamas. She had been taken after Hamas murdered 250 young Israelis at the festival. NBC News’ Raf Sanchez reports more on the war. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC » Watch more NBC video: http://bit.ly/MoreNBCNews 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 […]
The Department of Justice’s antitrust suit against Alphabet (GOOG, GOOGL) resumes this week, with the company’s current CEO Sundar Pichai testifying on Monday. The DOJ brought the suit against Google alleging the company acted illegally to maintain dominance in the search engine space. In court, Pichai acknowledged how important it is to the company that Google remained the default web browser for many devices, saying: “We definitely see value.” NYU Law Professor Harry First joins Yahoo Finance to break down the statements made in court as well as the Justice Department’s efforts to rein in Big Tech. “It was in the last century, the last millennium when they filed the […]
#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 […]
