Wall Street cast off fears of a US recession and never looked back, blazing a record-shattering path in the first half of 2024, fueled by muscular earnings and AI exuberance. Stocks closed down slightly Friday to end the week, the month and the first half. But the year-to-date gains tell a story of optimism, with analysts calling for more records later in the year. https://yhoo.it/45Jqrk6
Yahoo Finance
Online Audio and Video Media
The planet’s biggest business news platform. Sharing business news you need, plus live shows every weekday.
About us
Yahoo Finance provides 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. Sign up for our daily morning newsletter, the Morning Brief through our profile URL. Sign up for Yahoo Finance's Morning Brief Newsletter. Need-to-know market analysis and finance news delivered right to your inbox: https://bit.ly/3Fq3C7C
- Website
-
https://yhoo.it/3aBnLwr
External link for Yahoo Finance
- Industry
- Online Audio and Video Media
- Company size
- 51-200 employees
- Headquarters
- New York
- Type
- Public Company
Locations
-
Primary
770 Broadway
New York, 10003, US
Employees at Yahoo Finance
Updates
-
Rivian, whose stock has slumped significantly this year, got a big influx of cash this week from VW that is sure to help the EV-maker as it faces a tough and capital-intensive industry that has seen many come and go. And the move doesn't only matter to investors — it matters to anyone who might want to own a Rivian. Check out our Chart of the Week, where we dive into the question: How important is the stock price of your car's manufacturer?
-
An index of US pending existing-home sales unexpectedly fell in May to the lowest level on record as elevated mortgage rates and high prices discouraged prospective buyers. Closings on previously owned homes have been stuck near an annualized 4 million for more than a year, partly because of the so-called lock-in effect, whereby sellers are unwilling to list their homes and part with their current low mortgage rates. https://yhoo.it/3xyHhpd
-
-
Yahoo Finance reposted this
🍔 What a week to cover food chains, catch up before you head into the weekend! 🍟 Fast food chains lean into value this summer. Will it be enough to boost their lagging stocks? https://lnkd.in/eiYy5-TQ 🌯 Chipotle's 50-for-1 stock split just went into effect. Here's what it means for investors. https://lnkd.in/eFwaZFUu 💰McDonald's $5 value meal hits menus as the Golden Arches looks to bring customers back https://lnkd.in/evKkSEwS 💸 California fast-food franchise owners, consumers feel brunt of minimum wage hike https://lnkd.in/eahCqgz4 🙌 Thank you to so many I've spoken to this week for providing such great insight including Placer.ai R. J. Hottovy, CFA, Danilo Gargiulo, Andrew Charles, CFA, Sean Dunlop, CFA, Taylor Montgomery, Ab Igram and thank you to Scott Rodrick for trusting us to share his story. ✍ Check out all my latest on Yahoo Finance.
Fast food chains lean into value this summer. Will it be enough to boost their lagging stocks?
finance.yahoo.com
-
Warren Buffett is donating another $5.3 billion of Berkshire Hathaway stock to the Bill & Melinda Gates Foundation and four family charities, his biggest annual donation since he began making them in 2006. Buffett's donations boost his overall giving to the charities to about $57 billion, including donations to the family charities in the last two Novembers. https://yhoo.it/3zvczh3
-
-
The latest reading of the Fed's preferred inflation gauge showed inflation eased in May as prices increased at their slowest pace since March 2021. The core Personal Consumption Expenditures (PCE) index, which strips out the cost of food and energy and is closely watched by the Federal Reserve, rose 0.1 % in May from the prior month, in line with Wall Street's expectations and slower than the 0.3% increase seen in April. Core PCE was up 2.6% over the prior year in May, in line with estimates. May's reading marked the slowest annual gain in more than three years. The report follows other promising May inflation prints. The most recent reading of the Consumer Price Index (CPI) showed core prices climbed 0.2% from the prior month, lower than economists' estimates. But after surprisingly hot inflation readings to start the year, Federal Reserve officials have remained cautious about inflation's trend, noting in their most recent policy statement it won't be appropriate to cut rates until they have "greater confidence" in inflation's path. Read more: https://lnkd.in/ey-ct6PP #yahoofinance #finance #economics #economy #money
-
-
Nike stock fell almost 14% on Friday in early pre-market trading after the retailer said it expects revenue to decline more than previously thought in the coming year. The company has been trying to reignite sales growth in what has been a lackluster year for the stock so far. https://yhoo.it/4bnf2Yg
-
-
Yahoo Finance reposted this
🎙️New Opening Bid Podcast Drop On Yahoo Finance 🎙️ The 😵💫 Trump vs. Biden debate hasn’t rocked the confidence investors have in AI superpower names: 🧑💻Nvidia. 📉Micron. 🤖Microsoft. 📈Google. 🍎Apple. Whether that holds 🤷♂️ Goldman Sachs Asset Management portfolio manager Brook Dane in the Yahoo Finance house for this one. Full watch below ⬇️. Or, you can listen in on all major podcast platforms Spotify, Apple, Amazon, iHeartMedia, Pandora: https://lnkd.in/ey9ipFF5
-
-
Walgreens stock plummeted 20% Thursday morning on the news the company slashed its profit guidance, the second time it has adjusted guidance downward in the year. Amid the shift to downsize unprofitable parts of the business, including announcing additional store closures, Walgreens is also fighting a problem that other smaller pharmacies are facing — pricing pressures from prescription drugs. https://yhoo.it/4bmDmth
-
-
Chewy stock rose as much as 30% on Thursday after the X account linked to investor Keith Gill, also known as "Roaring Kitty," posted a picture of a dog. Posts on Gill's account have been driving up shares of GameStop over the past month. https://yhoo.it/4bmCF39
-