Consumer prices rose 0.4% month-over-month in March, 3.5% from last year, according to the latest Consumer Price Index report. Both prints were hotter than economists had been expecting. The report caused stock futures to plummet and, for many traders, take a June rate cut from the Federal Reserve off the table. EY Chief Economist Greg … Read more
According to a report from Bloomberg, General Motors (GM) is set to resume testing of its Cruise robotaxi in Phoenix, Arizona, while Elon Musk announced on Friday in a post on X.com that Tesla (TSLA) will be unveiling its robotaxi on August 8. In addition, Google’s (GOOG,GOOGL) self-driving unit, Waymo, has begun to roll out … Read more
US Futures (YM=F, ES=F, NQ=F) are climbing higher Tuesday morning, as investors anticipate key inflation data in the form of the Consumer Price Index (CPI) to give more clarity into how the Federal Reserve may make its next policy decision. The debate about how and when the Federal Reserve will cut rates continues as mixed … Read more
The S&P 500 (^GSPC) has been on a tear recently, with multiple financial firms raising their price targets on the tech-heavy index. Infrastructure Capital Advisors top executive Jay Hatfield joins industry Domination Overtime to discuss his bullish S&P 500 target of 5750. “This industry should be getting smashed. We went from 380 in the beginning … Read more
March’s jobs data reported an astounding 303,000 jobs added to the US economy, topping estimates of 214,000, while the unemployment rate ticked down to 3.8%. The Conference Board Chief Economist Dana Peterson and Invesco Global sector Strategist Brian Levitt join Yahoo financial this morning to discuss the general consensus on the job print’s impact on … Read more
Oil prices (BZ=F, CL=F) have risen above $85 per barrel, the highest level since October 2023. With OPEC+ maintaining supply cuts and the possibility of Federal Reserve rate cuts on the horizon, could there be more upside ahead? Rystad Energy SVP and Head of Global Oil Macro & North America Research Director Claudio Galimberti joins … Read more
Tesla (TSLA) reported weaker-than-expected first quarter deliveries and production figures, triggering a selloff in the enterprise’s stock. Barclays Senior Autos Analyst Dan Levy joins Yahoo financial Live to analyze the factors contributing to this decline. Levy highlights slowing demand in the China and US markets, as well as production units that may have been “left … Read more
The Federal Reserve may still be on course for three finance charge rate cuts in 2024, but that doesn’t mean officials are wholly committed to traveling this path. Markets (^DJI, ^IXIC, ^GSPC) and regulators are searching for signals from the latest batch of inflation data. John Hancock funding Management Co-Chief funding Strategist Emily Roland believes … Read more
The first trading day in the fiscal year’s second quarter begins Monday morning, with many investors wondering if the strength of the first quarter can continue. Renaissance Macro Research Head of Economic Research Neil Dutta joins Yahoo money management to discuss what factors could play a role in how the second quarter unfolds for investors. … Read more
Yahoo financial Live revisits the calls made at the end of last year to see which hold up and which are in need of repositioning. Laffer Tengler Investments top executive & CIO Nancy Tengler and Great Hill Capital Chairman and Managing Member Thomas Hayes join Yahoo financial to revisit and update last year’s calls. Hayes … Read more