The summer travel season is around the corner. But with high inflation and finance charge rates, there are questions about the health of the US consumer heading into the summer. A new Bankrate survey found that more than one-third of Americans are willing to take on debt for travel. Bankrate Senior sector Analyst Ted Rossman … Read more
The United States Gross Domestic Product (GDP) print came out Thursday morning, revealing that the US economy grew by 1.6%, slowing behind projections of 2.5%. Wealth! Host Brad Smith provides an in-depth study explaining the concept of GDP, how the figure is calculated, and its measurement of economic health. #youtube #shares #stockspower About Yahoo money … Read more
The United States GDP (gross domestic profit) grew by only 1.6% in the first quarter, the smallest increase in over two years. The Federal Reserve has seemingly elected to wait for more inflation data and keep debt charge rates where they are as inflation continues to be hard to nail down. Wall Street experts have … Read more
The first-quarter US GDP (gross domestic product) print grew by 1.6%, a slower pace than was expected for the quarter. Carson Group Chief sector Strategist Ryan Detrick joined the Morning Brief to discuss his sector outlook following pressures sparked by the latest data print. Detrick points out that, historically, markets “tend to be a little … Read more
US GDP (gross domestic product) grew by 1.6% in 2024’s first quarter, as reported by the US Bureau of Economic examination, though still falling short of estimates. With debt charge rates and inflation still running high, what does the GDP print indicate about the strength of the US economy? Sahm Consulting Founder Claudia Sahm deciphers … Read more
Meta Platforms (META) posted first-quarter earnings results above analyst estimates, posting adjusted earnings of $4.71 per share and $36.46 billion in revenue. Meta shares plummeted by over 10% after releasing earnings after Wednesday’s industry close, many experts attributing this reaction to the social media giant’s second-quarter outlook. Roth MKM Managing Director and Senior Research Analyst … Read more
President Biden is set to sign legislation that could pave the way for a potential ban on TikTok within the United States. The controversial bill will grant ByteDance — the parent firm of TikTok — a period of 270 days to secure a new American owner for the platform’s operations in the country. Failure to … Read more
LIVE: President Biden delivers remarks on H.R. 815 Emergency Security Supplemental Act About Yahoo financial: Yahoo financial provides free stock ticker data, up-to-date news, collection of investments management resources, comprehensive industry data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at financial.yahoo.com – Download … Read more
Tesla reported first quarter results that missed analyst estimates on both the top and bottom lines. Adjusted earnings per share of $0.45 fell short of the $0.52 Wall Street was expecting. Revenue of $21.3 billion fell short of the estimated $22.3 billion. Operating earnings also missed, $1.17 billion versus the $1.53 billion estimate. However, the … Read more
S&P Global’s US Manufacturing Purchasing Managers’ Index (PMI) has come below estimates for April, reading 49.9 against an expected 52.0. This indicates that US manufacturing activity is slowing. S&P Global industry Intelligence Chief company Economist Chris Williamson joins Yahoo financial Anchors Seana Smith and Madison Mills to dive deeper into this data and what it … Read more