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3 drivers behind Monday's market downturn
US stock markets (^DJI, ^IXIC,^GSPC) are falling as recession fears grip investors, triggering a widespread sell-off. Yahoo Finance Executive Editor Brian Sozzi examines three key factors potentially driving the downturn including the Federal Reserve's delay in implementing rate cuts, Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) reducing its positions in tech stocks, and a lack of return on investment (ROI) from Big Tech's AI ventures.
#youtube #NEWS #stocks
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://ap...
published: 05 Aug 2024
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Stock Market Today - Wednesday Morning August 7 Yahoo Finance
#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
published: 07 Aug 2024
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Stock market today: Live coverage from Yahoo Finance
#yahoofinance #stockmarket #investing #stocks #Fed #inflation
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
To get the latest markets news check out finance.yahoo.com
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 subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To lear...
published: 03 Jan 2024
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Intermeeting cut would signal 'total panic': El-Erian on Fed
The heat is on for the Federal Reserve as stock market sell-offs (^DJI, ^IXIC, ^GSPC) following July's disappointing jobs data are placing further pressure on the central bank to cut interest rates before its next scheduled policy meeting in September.
"We're seeing red lights on three things — fundamentals, policy, and technicals. And they are feeding onto each other," Allianz Chief Economic Advisor Mohamed El-Erian warns, plainly stating the Fed waited too long in 2024 to initiate a rate-cutting cycle.
The University of Cambridge, Queens’ College president and former PIMCO CEO comes onto Market Domination to outline why an early rate cut before September's FOMC meeting could "give the completely wrong signal to the marketplace" and enforce recessionary sentiments from American consumers....
published: 05 Aug 2024
-
Real estate market: Buyers willing to sacrifice safety to afford a home
Almost 1 in 5 house hunters are willing to put their physical safety at risk in order to afford a home, in addition to other sacrifices such as quality schools, according to data from Redfin.
Redfin chief economist Daryl Fairweather joins Wealth! to give insight into the report and what it means for the housing market at large.
In terms of why potential homebuyers are willing to make certain sacrifices, Fairweather comments: "I think that comes down to, well, they're going to get whatever they can afford...It's been really difficult to break into the housing market because there's such low inventory. So home buyers overall are just having to figure out what can they get that's within their budget, given what's available on the market. "
#youtube #news #stockmarket
About Yahoo Finance:
Y...
published: 07 Aug 2024
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Should investors be prepared for another sell-off?
US equities (^GSPC, ^DJI, ^IXIC) were hit with a number of financial anomalies including a carry trade, the Sahm rule, and mixed economic data which caused a large sell-off. While the market seems to have begun to rebound, could there be more in store?
Goldman Sachs global chief equity strategist Peter Oppenheimer joins Catalysts to give insight into market movements, giving a historical context for investors to better understand what this recent sell-off means for the market going forward.
"It's not very untypical to have a fall of around 10%. The S&P (^GSPC) was slightly lower than that, actually. It's just that it happened very, very quickly. And I think largely as a function of the carry trade unwind..." Oppenheimer says. "What I would say, though, is that there is still a lot of con...
published: 07 Aug 2024
-
Prince William ‘banned’ Meghan Markle from wearing Princess Diana’s jewellery | Yahoo Australia
Subscribe and turn on notifications🔔 : https://buff.ly/3F6ZiLt | An insider has claimed Prince William “banned” Meghan Markle from wearing Princess Diana’s jewellery at her wedding.
Read more: https://au.yahoo.com/
Follow us on:
► TikTok: https://www.tiktok.com/@yahooaustralia
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► Website: https://au.yahoo.com/
#YahooAustralia #YahooNewsAustralia #BreakingNews #LatestNews #YahooNewsAU
published: 05 Aug 2024
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Markets sink: Strategist talks economic softness, says economy is breaking down
Stocks (^DJI, ^IXIC, ^GSPC) are under pressure Thursday afternoon as new manufacturing and jobless claims data failed to meet investor expectations. Piper Sandler chief investment strategist Michael Kantrowitz joins Market Domination to share his economic outlook.
Kantrowitz points out that the markets received a lot of "bad news" today, including rising unemployment claims and ISM's manufacturing PMI (Purchasing Managers' Index) remaining in contraction territory ahead of Friday's July jobs report. He notes that while this economic trend has been ongoing since May, and despite a positive CPI (Consumer Price Index) report in July, today's data has "reset" investors "back to reality."
"The economy continues to break down," Kantrowitz tells Yahoo Finance. He adds "there's more breadth in thi...
published: 01 Aug 2024
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Recession outlook: Why the economy could end up in a recession in 3, 6 months, Claudia Sahm explains
The July jobs report fell short of expectations, with the US economy adding only 114,000 jobs compared to the forecasted 175,000. The unemployed rate also increased to 4.3%, which is the highest level in about three years.
Yahoo Finance's Madison Mills explains that the Sahm rule "says that if the three month moving average of the unemployment rate rises by half a percentage point from the previous that signals the start of a recession." Yahoo Finance sat down with the creator of the Sahm rule, Claudia Sahm, chief economist at New Century Advisors and former Federal Reserve Board economist, to discuss the state of the economy.
Sahm notes that she doesn't think we are in a recession right now, but she believes "that the increases in the unemployment rate and the softening in the labor mar...
published: 02 Aug 2024
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Stock market news today: Stocks rally to snap 3-day market rout as S&P 500, Nasdaq lead comeback
#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
US stocks finished Tuesday's session solidly in the green following a three-day rout that wiped out a healthy chunk of 2024's market gains.
The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) led the day's session, each rising about 1%. The Dow Jones Industrial Average (^DJI) closed up around 0.8%, or roughly 300 points.
Stocks got crushed on Monday, part of a tailspin on Wall Street that served as a boisterous reaction to fresh concern over the health of the US economy and its labor market. The S&P 500 had its worst day since 2022 and capped its worst start to a...
published: 06 Aug 2024
4:00
3 drivers behind Monday's market downturn
US stock markets (^DJI, ^IXIC,^GSPC) are falling as recession fears grip investors, triggering a widespread sell-off. Yahoo Finance Executive Editor Brian Sozzi...
US stock markets (^DJI, ^IXIC,^GSPC) are falling as recession fears grip investors, triggering a widespread sell-off. Yahoo Finance Executive Editor Brian Sozzi examines three key factors potentially driving the downturn including the Federal Reserve's delay in implementing rate cuts, Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) reducing its positions in tech stocks, and a lack of return on investment (ROI) from Big Tech's AI ventures.
#youtube #NEWS #stocks
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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
https://wn.com/3_Drivers_Behind_Monday's_Market_Downturn
US stock markets (^DJI, ^IXIC,^GSPC) are falling as recession fears grip investors, triggering a widespread sell-off. Yahoo Finance Executive Editor Brian Sozzi examines three key factors potentially driving the downturn including the Federal Reserve's delay in implementing rate cuts, Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) reducing its positions in tech stocks, and a lack of return on investment (ROI) from Big Tech's AI ventures.
#youtube #NEWS #stocks
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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- published: 05 Aug 2024
- views: 5738
2:59:52
Stock Market Today - Wednesday Morning August 7 Yahoo Finance
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
To get t...
#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
https://wn.com/Stock_Market_Today_Wednesday_Morning_August_7_Yahoo_Finance
#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
- published: 07 Aug 2024
- views: 13183
0:00
Stock market today: Live coverage from Yahoo Finance
#yahoofinance #stockmarket #investing #stocks #Fed #inflation
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the wor...
#yahoofinance #stockmarket #investing #stocks #Fed #inflation
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
To get the latest markets news check out finance.yahoo.com
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 subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
https://wn.com/Stock_Market_Today_Live_Coverage_From_Yahoo_Finance
#yahoofinance #stockmarket #investing #stocks #Fed #inflation
Executives, experts, and influencers join the Yahoo Finance team to discuss what's moving the world of finance.
To get the latest markets news check out finance.yahoo.com
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 subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more.
To learn more about Yahoo Finance Plus please visit: https://yhoo.it/33jXYBp
Connect with Yahoo Finance:
Get the latest news: https://yhoo.it/2fGu5Bb
Find Yahoo Finance on Facebook: http://bit.ly/2A9u5Zq
Follow Yahoo Finance on Twitter: http://bit.ly/2LMgloP
Follow Yahoo Finance on Instagram: http://bit.ly/2LOpNYz
Follow Yahoo Finance Premium on Twitter: https://bit.ly/3hhcnmV
- published: 03 Jan 2024
- views: 4499758
8:57
Intermeeting cut would signal 'total panic': El-Erian on Fed
The heat is on for the Federal Reserve as stock market sell-offs (^DJI, ^IXIC, ^GSPC) following July's disappointing jobs data are placing further pressure on t...
The heat is on for the Federal Reserve as stock market sell-offs (^DJI, ^IXIC, ^GSPC) following July's disappointing jobs data are placing further pressure on the central bank to cut interest rates before its next scheduled policy meeting in September.
"We're seeing red lights on three things — fundamentals, policy, and technicals. And they are feeding onto each other," Allianz Chief Economic Advisor Mohamed El-Erian warns, plainly stating the Fed waited too long in 2024 to initiate a rate-cutting cycle.
The University of Cambridge, Queens’ College president and former PIMCO CEO comes onto Market Domination to outline why an early rate cut before September's FOMC meeting could "give the completely wrong signal to the marketplace" and enforce recessionary sentiments from American consumers.
"I think we are in overshot territory in several segments of the marketplace already. Certainly in fixed-income in terms of government bond yields, the sort of declines we've seen, especially at the front end of the curve, are, in my view, an overreaction," El-Erian tells Yahoo Finance. "So look at whether this overreaction [starts] getting corrected or not. The ISM services number today reminded people that the economy is not completely in recession. It's the risk of recession, not in recession..."
#youtube #news #federalreserve
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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
https://wn.com/Intermeeting_Cut_Would_Signal_'Total_Panic'_El_Erian_On_Fed
The heat is on for the Federal Reserve as stock market sell-offs (^DJI, ^IXIC, ^GSPC) following July's disappointing jobs data are placing further pressure on the central bank to cut interest rates before its next scheduled policy meeting in September.
"We're seeing red lights on three things — fundamentals, policy, and technicals. And they are feeding onto each other," Allianz Chief Economic Advisor Mohamed El-Erian warns, plainly stating the Fed waited too long in 2024 to initiate a rate-cutting cycle.
The University of Cambridge, Queens’ College president and former PIMCO CEO comes onto Market Domination to outline why an early rate cut before September's FOMC meeting could "give the completely wrong signal to the marketplace" and enforce recessionary sentiments from American consumers.
"I think we are in overshot territory in several segments of the marketplace already. Certainly in fixed-income in terms of government bond yields, the sort of declines we've seen, especially at the front end of the curve, are, in my view, an overreaction," El-Erian tells Yahoo Finance. "So look at whether this overreaction [starts] getting corrected or not. The ISM services number today reminded people that the economy is not completely in recession. It's the risk of recession, not in recession..."
#youtube #news #federalreserve
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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- published: 05 Aug 2024
- views: 43743
4:43
Real estate market: Buyers willing to sacrifice safety to afford a home
Almost 1 in 5 house hunters are willing to put their physical safety at risk in order to afford a home, in addition to other sacrifices such as quality schools,...
Almost 1 in 5 house hunters are willing to put their physical safety at risk in order to afford a home, in addition to other sacrifices such as quality schools, according to data from Redfin.
Redfin chief economist Daryl Fairweather joins Wealth! to give insight into the report and what it means for the housing market at large.
In terms of why potential homebuyers are willing to make certain sacrifices, Fairweather comments: "I think that comes down to, well, they're going to get whatever they can afford...It's been really difficult to break into the housing market because there's such low inventory. So home buyers overall are just having to figure out what can they get that's within their budget, given what's available on the market. "
#youtube #news #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) 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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
https://wn.com/Real_Estate_Market_Buyers_Willing_To_Sacrifice_Safety_To_Afford_A_Home
Almost 1 in 5 house hunters are willing to put their physical safety at risk in order to afford a home, in addition to other sacrifices such as quality schools, according to data from Redfin.
Redfin chief economist Daryl Fairweather joins Wealth! to give insight into the report and what it means for the housing market at large.
In terms of why potential homebuyers are willing to make certain sacrifices, Fairweather comments: "I think that comes down to, well, they're going to get whatever they can afford...It's been really difficult to break into the housing market because there's such low inventory. So home buyers overall are just having to figure out what can they get that's within their budget, given what's available on the market. "
#youtube #news #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) 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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- published: 07 Aug 2024
- views: 2414
6:13
Should investors be prepared for another sell-off?
US equities (^GSPC, ^DJI, ^IXIC) were hit with a number of financial anomalies including a carry trade, the Sahm rule, and mixed economic data which caused a la...
US equities (^GSPC, ^DJI, ^IXIC) were hit with a number of financial anomalies including a carry trade, the Sahm rule, and mixed economic data which caused a large sell-off. While the market seems to have begun to rebound, could there be more in store?
Goldman Sachs global chief equity strategist Peter Oppenheimer joins Catalysts to give insight into market movements, giving a historical context for investors to better understand what this recent sell-off means for the market going forward.
"It's not very untypical to have a fall of around 10%. The S&P (^GSPC) was slightly lower than that, actually. It's just that it happened very, very quickly. And I think largely as a function of the carry trade unwind..." Oppenheimer says. "What I would say, though, is that there is still a lot of concentration in markets, particularly in the US and high valuations. So in the next few days it's still going to be very, very dependent, I think on any further data we get on earnings and the macro economy to really, reinforce the stability that we're seeing today."
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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
#stockmarket #finance #yahoofinance
https://wn.com/Should_Investors_Be_Prepared_For_Another_Sell_Off
US equities (^GSPC, ^DJI, ^IXIC) were hit with a number of financial anomalies including a carry trade, the Sahm rule, and mixed economic data which caused a large sell-off. While the market seems to have begun to rebound, could there be more in store?
Goldman Sachs global chief equity strategist Peter Oppenheimer joins Catalysts to give insight into market movements, giving a historical context for investors to better understand what this recent sell-off means for the market going forward.
"It's not very untypical to have a fall of around 10%. The S&P (^GSPC) was slightly lower than that, actually. It's just that it happened very, very quickly. And I think largely as a function of the carry trade unwind..." Oppenheimer says. "What I would say, though, is that there is still a lot of concentration in markets, particularly in the US and high valuations. So in the next few days it's still going to be very, very dependent, I think on any further data we get on earnings and the macro economy to really, reinforce the stability that we're seeing today."
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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
#stockmarket #finance #yahoofinance
- published: 07 Aug 2024
- views: 32055
0:50
Prince William ‘banned’ Meghan Markle from wearing Princess Diana’s jewellery | Yahoo Australia
Subscribe and turn on notifications🔔 : https://buff.ly/3F6ZiLt | An insider has claimed Prince William “banned” Meghan Markle from wearing Princess Diana’s jew...
Subscribe and turn on notifications🔔 : https://buff.ly/3F6ZiLt | An insider has claimed Prince William “banned” Meghan Markle from wearing Princess Diana’s jewellery at her wedding.
Read more: https://au.yahoo.com/
Follow us on:
► TikTok: https://www.tiktok.com/@yahooaustralia
► Facebook: https://www.facebook.com/yahoolifestyleau
► Instagram: https://www.instagram.com/yahoolifestyleau
► Website: https://au.yahoo.com/
#YahooAustralia #YahooNewsAustralia #BreakingNews #LatestNews #YahooNewsAU
https://wn.com/Prince_William_‘Banned’_Meghan_Markle_From_Wearing_Princess_Diana’S_Jewellery_|_Yahoo_Australia
Subscribe and turn on notifications🔔 : https://buff.ly/3F6ZiLt | An insider has claimed Prince William “banned” Meghan Markle from wearing Princess Diana’s jewellery at her wedding.
Read more: https://au.yahoo.com/
Follow us on:
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► Website: https://au.yahoo.com/
#YahooAustralia #YahooNewsAustralia #BreakingNews #LatestNews #YahooNewsAU
- published: 05 Aug 2024
- views: 13024
7:24
Markets sink: Strategist talks economic softness, says economy is breaking down
Stocks (^DJI, ^IXIC, ^GSPC) are under pressure Thursday afternoon as new manufacturing and jobless claims data failed to meet investor expectations. Piper Sandl...
Stocks (^DJI, ^IXIC, ^GSPC) are under pressure Thursday afternoon as new manufacturing and jobless claims data failed to meet investor expectations. Piper Sandler chief investment strategist Michael Kantrowitz joins Market Domination to share his economic outlook.
Kantrowitz points out that the markets received a lot of "bad news" today, including rising unemployment claims and ISM's manufacturing PMI (Purchasing Managers' Index) remaining in contraction territory ahead of Friday's July jobs report. He notes that while this economic trend has been ongoing since May, and despite a positive CPI (Consumer Price Index) report in July, today's data has "reset" investors "back to reality."
"The economy continues to break down," Kantrowitz tells Yahoo Finance. He adds "there's more breadth in this economic softness than we've seen in some time."
#news #youtube #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) 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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
https://wn.com/Markets_Sink_Strategist_Talks_Economic_Softness,_Says_Economy_Is_Breaking_Down
Stocks (^DJI, ^IXIC, ^GSPC) are under pressure Thursday afternoon as new manufacturing and jobless claims data failed to meet investor expectations. Piper Sandler chief investment strategist Michael Kantrowitz joins Market Domination to share his economic outlook.
Kantrowitz points out that the markets received a lot of "bad news" today, including rising unemployment claims and ISM's manufacturing PMI (Purchasing Managers' Index) remaining in contraction territory ahead of Friday's July jobs report. He notes that while this economic trend has been ongoing since May, and despite a positive CPI (Consumer Price Index) report in July, today's data has "reset" investors "back to reality."
"The economy continues to break down," Kantrowitz tells Yahoo Finance. He adds "there's more breadth in this economic softness than we've seen in some time."
#news #youtube #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) 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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- published: 01 Aug 2024
- views: 11118
9:21
Recession outlook: Why the economy could end up in a recession in 3, 6 months, Claudia Sahm explains
The July jobs report fell short of expectations, with the US economy adding only 114,000 jobs compared to the forecasted 175,000. The unemployed rate also incre...
The July jobs report fell short of expectations, with the US economy adding only 114,000 jobs compared to the forecasted 175,000. The unemployed rate also increased to 4.3%, which is the highest level in about three years.
Yahoo Finance's Madison Mills explains that the Sahm rule "says that if the three month moving average of the unemployment rate rises by half a percentage point from the previous that signals the start of a recession." Yahoo Finance sat down with the creator of the Sahm rule, Claudia Sahm, chief economist at New Century Advisors and former Federal Reserve Board economist, to discuss the state of the economy.
Sahm notes that she doesn't think we are in a recession right now, but she believes "that the increases in the unemployment rate and the softening in the labor market is worrisome... and we could end up in a recession in say 3 months, 6 months," which Sahm "is very concerned about."
Sahm adds that "the Sahm rule is probably over playing it right now, to some extent, just because of... a lot of shocks we're working through," such as the pandemic and labor force.
#youtube #news #stocks
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.
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https://wn.com/Recession_Outlook_Why_The_Economy_Could_End_Up_In_A_Recession_In_3,_6_Months,_Claudia_Sahm_Explains
The July jobs report fell short of expectations, with the US economy adding only 114,000 jobs compared to the forecasted 175,000. The unemployed rate also increased to 4.3%, which is the highest level in about three years.
Yahoo Finance's Madison Mills explains that the Sahm rule "says that if the three month moving average of the unemployment rate rises by half a percentage point from the previous that signals the start of a recession." Yahoo Finance sat down with the creator of the Sahm rule, Claudia Sahm, chief economist at New Century Advisors and former Federal Reserve Board economist, to discuss the state of the economy.
Sahm notes that she doesn't think we are in a recession right now, but she believes "that the increases in the unemployment rate and the softening in the labor market is worrisome... and we could end up in a recession in say 3 months, 6 months," which Sahm "is very concerned about."
Sahm adds that "the Sahm rule is probably over playing it right now, to some extent, just because of... a lot of shocks we're working through," such as the pandemic and labor force.
#youtube #news #stocks
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
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
- published: 02 Aug 2024
- views: 64623
1:59:52
Stock market news today: Stocks rally to snap 3-day market rout as S&P 500, Nasdaq lead comeback
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
To get t...
#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
US stocks finished Tuesday's session solidly in the green following a three-day rout that wiped out a healthy chunk of 2024's market gains.
The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) led the day's session, each rising about 1%. The Dow Jones Industrial Average (^DJI) closed up around 0.8%, or roughly 300 points.
Stocks got crushed on Monday, part of a tailspin on Wall Street that served as a boisterous reaction to fresh concern over the health of the US economy and its labor market. The S&P 500 had its worst day since 2022 and capped its worst start to any month since 2002.
The benchmark had shed around 6% in the past three sessions, but Tuesday's rally helped push year-to-date gains to around 10%.
Wall Street's "fear gauge" — the CBOE Volatility Index (^VIX) — touched its highest level since the early days of the COVID-19 pandemic on Monday. On Tuesday, it fell back to earth, to levels seen often in 2022.
Some of the market's biggest names also saw a a rejuvenation. The "Magnificent 7" stocks lost more than $650 billion in market cap on Monday but saw better fortunes Tuesday. Nvidia (NVDA), which led the way down, rose over 3.5%. Tesla (TSLA) and Microsoft (MSFT) rose about 1%, while Meta (META) jumped nearly 4%.
Cryptocurrencies, which weren't spared from the rout, also rose in tandem with the optimism. Bitcoin (BTC-USD) rose back above the $55,000 level. Meanwhile, the global sell-off also steadied: Japan's Nikkei (^N225) index closed up over 10%.
The coming days — and weeks — will provide key signals for what comes next. As Yahoo Finance's Myles Udland writes, stocks still have the same problem waking up Tuesday that they did Monday: the Federal Reserve. The Fed has come under mounting pressure to act, as around three-quarters of traders now expect a 50-basis-point rate cut at its next meeting.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-news-today-stocks-rally-to-snap-3-day-market-rout-as-sp-500-nasdaq-lead-comeback-200103470.html
https://wn.com/Stock_Market_News_Today_Stocks_Rally_To_Snap_3_Day_Market_Rout_As_S_P_500,_Nasdaq_Lead_Comeback
#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
US stocks finished Tuesday's session solidly in the green following a three-day rout that wiped out a healthy chunk of 2024's market gains.
The benchmark S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) led the day's session, each rising about 1%. The Dow Jones Industrial Average (^DJI) closed up around 0.8%, or roughly 300 points.
Stocks got crushed on Monday, part of a tailspin on Wall Street that served as a boisterous reaction to fresh concern over the health of the US economy and its labor market. The S&P 500 had its worst day since 2022 and capped its worst start to any month since 2002.
The benchmark had shed around 6% in the past three sessions, but Tuesday's rally helped push year-to-date gains to around 10%.
Wall Street's "fear gauge" — the CBOE Volatility Index (^VIX) — touched its highest level since the early days of the COVID-19 pandemic on Monday. On Tuesday, it fell back to earth, to levels seen often in 2022.
Some of the market's biggest names also saw a a rejuvenation. The "Magnificent 7" stocks lost more than $650 billion in market cap on Monday but saw better fortunes Tuesday. Nvidia (NVDA), which led the way down, rose over 3.5%. Tesla (TSLA) and Microsoft (MSFT) rose about 1%, while Meta (META) jumped nearly 4%.
Cryptocurrencies, which weren't spared from the rout, also rose in tandem with the optimism. Bitcoin (BTC-USD) rose back above the $55,000 level. Meanwhile, the global sell-off also steadied: Japan's Nikkei (^N225) index closed up over 10%.
The coming days — and weeks — will provide key signals for what comes next. As Yahoo Finance's Myles Udland writes, stocks still have the same problem waking up Tuesday that they did Monday: the Federal Reserve. The Fed has come under mounting pressure to act, as around three-quarters of traders now expect a 50-basis-point rate cut at its next meeting.
For more on this article, please visit:
https://finance.yahoo.com/news/stock-market-news-today-stocks-rally-to-snap-3-day-market-rout-as-sp-500-nasdaq-lead-comeback-200103470.html
- published: 06 Aug 2024
- views: 14361