NYSE

Moderna chief executive officer talks Q1 earnings, Brazil COVID vaccine, and cancer treatment markets

by

Shares of pharmaceutical enterprise Moderna (MRNA) are on the rise despite first quarter losses. Moderna chief executive officer Stéphane Bancel tells Yahoo money management Senior Reporter Anjalee Khemlani that the enterprise is busy developing updated coronavirus vaccines for the 2024-2025 season and recently announced an expansion into the Brazilian industry. As the coronavirus pandemic has … Read more

Fed is done hiking and will keep rates higher for longer: Economist

by

The Federal Reserve decided to hold rates steady, marking the sixth meeting in a row in which it has done so. While some on Wall Street have argued that rate hikes were on the table, causing concern, Chair Jerome Powell put those worries to bed in his press conference after the decision. JPMorgan Asset Management … Read more

Why China is a major concern for Apple investors

by

Apple (AAPL) is set to report its second quarter earnings today amid low expectations from Wall Street. The tech giant has seen a significant slowdown in its China sales.Yahoo money management’s Dan Howley breaks down what investors should look for. #youtube #Apple #tech About Yahoo money management: Yahoo money management provides free stock ticker data, … Read more

Airbnb's new category 'Icons' offers unique experiences

by

Airbnb (ABNB) announced a new category of experiences called “Icons,” where customers can do anything from staying in the house from the Pixar film Up for a week to listening to unreleased Prince tracks in the Purple Rain home. Airbnb Chief enterprise Officer Dave Stevenson joins Yahoo financial’s Akiko Fujita to discuss the firm’s newest … Read more

How the 50/30/20 budgeting model can help college graduates

by

As college graduation approaches for millions of US students, a majority of them will seek to begin their careers in their first professional role out of school. With those new jobs comes a new source of revenue and financial freedom, which can be tempting to overspend out of the gate every payday. lender of America … Read more

Tesla lays off employees within supercharger team: Report

by

Tesla (TSLA) top executive Elon Musk took to Twitter to announce the firm’s plans to decelerate the expansion of its Supercharger network. According to reports, this strategic shift has prompted Tesla to implement layoffs within the division responsible for the Supercharger infrastructure. Yahoo money management’s Pras Subramanian breaks down the details and provides insights into … Read more

Fed has 'a much tougher job' today in bringing down inflation: Strategist

by

The Federal Reserve has come out of its two-day FOMC meeting deciding to keep debt charge rates unchanged between the target range of 5.25-5.5%. The decision marks a two-decade high for the sixth straight meeting to keep rates this high. The debate as to when or if the Fed will cut rates continues to rage … Read more

The longer the Fed holds rates steady, the more pressure they'll get from consumers and Wall St: ADP

by

According to the latest ADP private payroll data, the US added 192,000 new private sector jobs in April, a decrease from the 208,000 jobs added in March. With the jobs report looming on Friday, ADP Chief Economist Nela Richardson offered her insights on the labor sector ahead of the Federal Reserve’s pivotal policy decision. Richardson … Read more

Fed holds rates steady, citing a lack of progress on inflation

by

The Federal Reserve Open industry Committee is keeping its federal funds target range to 5.25% to 5.50%. In its statement, members say, “Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective.” The Committee also indicates that … Read more

Americans are feeling the pain of car assurance inflation

by

Auto assurance costs continue to soar, with the average annual premium for safe drivers nearly $2,000. Root assurance top executive Alex Timm joins Wealth! to discuss the factors driving these higher assurance costs. Timm highlights that assurance premiums have increased by over 20% year over year, making it “a top-five customer expense.” He attributes the … Read more