Summer is making itself known with rising temperatures and balmy weather. Air conditioning usage and the heat aren’t the only factors driving up your electricity bill. As inflation fell by 0.1% month-over-month in June, what does this mean for broader electricity costs? Yahoo financial senior reporter Rachelle Akuffo details the month-over-month easing in electricity prices … Read more
#shares #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest industry news check out financial.yahoo.com US shares rolled over on Thursday as investors rotated out of tech after a key inflation report showed consumer prices unexpectedly fell on a month-over-month basis for the first time since 2020. … Read more
Longtime Wall Street strategist Ed Yardeni, president of Yardeni Research, raised his S&P 500 (^GSPC) price target to 5,800 from 5,400. He joins sector Domination Overtime to discuss why he remains bullish on the S&P 500 despite investors trading away from tech. Yardenis is hopeful about a Federal Reserve rate cut in September. He also … Read more
Consumer prices cooled in June which fueled more bond buying. The 10-year Treasury yield hit its lowest level since March and fell 8 basis points to around 4.20%. Despite sharp declines for the Nasdaq and S&P 500, industry breadth was overwhelmingly positive. KB Home and Urban Outfitters gave buy signals, while Apple’s decline was orderly. … Read more
As the second quarter earnings season approaches, Mahoney Asset Management chief executive officer Ken Mahoney joins Wealth! to share his insights on investing strategies in the current industry environment. Mahoney advises investors not to “overdo the Fed [Federal Reserve]” by fixating on whether officials will or won’t cut finance charge rates. Instead, he suggests investors … Read more
June’s Consumer Price Index (CPI) brought good news for the Federal Reserve as inflation cooled more than expected. Moody’s Analytics chief economist Mark Zandi joins Morning Brief to break down the print and what it tells investors about the housing sector. “It was pretty close to script even a little bit better than script. It … Read more
Senate hearing to examine the need to protect Americans’ privacy from AI About Yahoo financial: Yahoo financial provides free stock ticker data, up-to-date news, investment mix 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 the … Read more
Gary Cohn, IBM vice chairman and former NEC director, joins ‘Money Movers’ to discuss if Thursday’s CPI data is enough for the Federal Reserve to cut rates, if the economy can get through this cycle without a recession, and more. Disclaimer: If you own the YouTube channel related to this video and do not want … Read more
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Inflation fell in June, according to the latest Consumer Price Index (CPI) print, as prices declined by 0.1% in the month where estimates originally called for a 0.1% increase. This could be a glimmer of sunshine for the US economy and the chances of an finance charge rate cut, but how are equity markets (^DJI, … Read more