The International Monetary Fund (IMF) adjusted its global growth outlook for 2024, as the global economy continues to grow. IMF Chief Economist Pierre-Olivier Gourinchas joined Yahoo Finance Senior Reporter Jennifer Schonberger to explain the IMF’s new outlook for the global economic growth. This segment aired on January 30, 2024. #yahoofinance #finance #news #youtubeshorts #youtube #shorts #shortsvideo #businessnews #business #stockmarket #financenews #stocks #imf #international #monetary #recession #useconomy #economy #2024 #outlook
A new survey from JPMorgan Chase reveals a drop in business leaders’ fears of a recession in 2024. The report showed 40% of mid-sized business leaders anticipate a recession in 2024, down from 65% last year. JPMorgan Commercial Banking Head of Research Ginger Chambless joins Yahoo Finance to discuss their recent survey and how business leaders view the current status of the economy. “What came out of the survey is that there is 86% of mid-size business leaders expect to maintain or add headcount in 2024,” Chambless explains. “So, that’s still a pretty high number, and I think it speaks to the idea that businesses are still looking to add […]
#recession #presidentialelection2024 #yahoofinance #economy As 2023 wraps up, investors are looking ahead to 2024 and how the presidential election will impact the market. As part of Yahoo Finance’s 2024 Investor Guide, LPL Financial Chief Equity Strategist Jeff Buchbinder joins Yahoo Finance to discuss how the 2024 presidential election may impact the market and how recessions have called previous elections. “We expect gains next year. That would be consistent with the historical pattern,” Buchbinder says. “The economy is really the biggest driver… of not just how elections turn out but how markets do… If we continue to have surprises on the U.S. economy, like we’ve had in 2023, then no doubt […]
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 […]
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 […]
DoubleLine Founder Jeffrey Gundlach shares his advice for investors who have concentrated their wealth in the Magnificent Seven tech stocks — comprised of Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), Tesla (TSLA). Gundlach spoke to Yahoo Finance Executive Editor Brian Sozzi exclusively as part of Yahoo Finance Invest on November 7, 2023. #yahoofinance #finance #news #youtubeshorts #youtube #shorts #shortsvideo #billionaire #outlook #economy #recession #recession2023 #stocks #stockmarket #2023
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest market news check out finance.yahoo.com The S&P 500 and Nasdaq eked out gains Wednesday, narrowly continuing Wall Street’s red-hot run of gains, as investors digested a fresh batch of corporate earnings amid a quiet week on the economic calendar. The S&P 500 (^GSPC) closed up 0.1%, extending its winning streak to eight days, the longest for the benchmark index since 2021. The Nasdaq Composite (^IXIC) also rose around 0.1%, continuing its own streak for the ninth straight session. The Dow Jones Industrial Average (^DJI) came in around 0.1% lower. Words of caution […]
While most investors believe another rate hike is on the way, DoubleLine Founder and CEO Jeffrey Gundlach is not one of them. During Yahoo Finance Invest, Gundlach told Executive Editor Brian Sozzi “I think the Fed has stopped raising interest rates, I don’t think they’re gonna do it again.” The uncertainty surrounding the Federal Reserve this year has caused ripple effects in the markets, raising concerns about just how all of this will end. Gundlach explained his biggest concern right now, saying, “What worries me the most is the concept of higher for longer.” He explained that he does not think the Fed will cut rates in 2024, rather they […]
U.S. GDP grew by 4.9% at an annual rate in the third quarter of the fiscal year, defying a multitude of expectations of a slowdown. Some believe that a recession is on the way, as economic headwinds continue to spook investors and Treasury bond yields spike. Canaccord Genuity Chief Market Strategist Tony Dwyer is one such person, claiming investors need to brace for that eventuality. He joins Yahoo Finance anchors Julie Hyman and Josh Lipton to give insight into what he believes to be an inevitability. Dwyer postulates that a recession will be necessary to finally get the Fed to make major changes: “Earlier this week, we made [a] new […]
