The New York Stock Exchange NYSE trading floor has changed a lot since its peak in the 1980s, mainly due to advances in technology. While computers now handle most trades, there are still real people on the floor doing important work for investors around the world. TradeMas Inc. senior floor trader Peter Tuchman, known as the "Einstein of Wall Street" because of his distinctive white hair, is one of the most recognizable figures on the trading floor. He's been working there for decades, offering valuable insights to clients during both good and bad market conditions — making him the go-to source for understanding market trends. Here's why Tuchman says stock trading isn't a "get rich quick scheme." More: https://lnkd.in/eyNmWb4A #yahoofinance #finance #investing #markets #money
Yahoo Finance
Online Audio and Video Media
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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
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Updates
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The tech sector has dominated the stock market in the first half of 2024, and arguably, for many years on the stock market. Major players like NVIDIA, Meta, and Microsoft continue to outperform and spill over into other sectors that require or utilize their tech. The gains in the market have narrowed in on this sector in recent months, but can that change? Fundstrat Global Advisors global head of technical strategy Mark Newton, CMT joins Yahoo Finance's Jared Blikre and Sidney Fried to breakdown the domination of the tech sector and discuss what "buy high, sell higher" means for stock pickers. More: https://lnkd.in/edpuchuG #yahoofinance #finance #money #markets #investing #tech
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In the debut episode of "Financial Freestyle with Ross Mac," TIAA Chief Administrative Officer Derek F. breaks down major gaps in the American retirement system. More: https://lnkd.in/eQ8xtmWz #yahoofinance #finance #money #economics #retirement
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US homeowners are now paying an average of $18,118 a year on property taxes, homeowners’ insurance, maintenance, energy and various other expenses linked to owning a home. That’s nearly the cost to buy a used car and represents a 26% increase from four years ago when it cost $14,428 annually to own and maintain a home. https://yhoo.it/3XIt43E
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The NYSE trading floor has changed a lot since its peak in the 1980s, mainly due to advances in technology. While computers now handle most trades, there are still real people on the floor doing important work for investors around the world. What was it like to work on the floor in the '80s? "Crazy," if you ask TradeMas Inc. senior floor trader Peter Tuchman. "There were thousands and thousands of people," Tuchman told Yahoo Finance Executive Editor Brian Sozzi. "It was open outcry auction market." More: https://lnkd.in/eyNmWb4A #yahoofinance #finance #trading #markets #money #investing
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Pay increases for American workers have continued to fall from highs reached during the post-pandemic reopening. And that's as true for folks keeping the same job as it is for those finding a new gig. According to new data from ADP released this week, annual wage increases for workers who stayed in their same job increased at the slowest rate in nearly three years in June. For job changers, annual wage increases slid for a third straight month. "We are in a different regime than we've been in the past where that job-stayer growth was either flat or even rising," ADP chief economist Nela Richardson said during a call with reporters on Wednesday. "The question before us is just how low is [it] going to get? The idea that job stayer growth would go back to pre-pandemic levels is still being challenged." Read more: https://lnkd.in/edqsppAr #yahoofinance #finance #money #work
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US job openings rose slightly to 8.1 million in May despite the impact of higher interest rates intended to cool the labor market. The US economy and job market have been remarkably resilient in the face of the Federal Reserve's campaign to raise interest rates to rein in inflation. Defying expectations of a recession, the U.S. economy kept growing and employers kept hiring. https://yhoo.it/3VM31pv
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Is America saving enough for retirement? Data from a new study showed the lion’s share of Vanguard plan participants are loading up their account balances, but there are also more taking money out through hardship withdrawals. https://yhoo.it/3VNVYga
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About 24% of stocks have outperformed the S&P 500 over the past two decades, according to TKer. With the tech sector largely reporting better-than-expected results thanks to the generative AI hype, the index has seen a year of record highs. But do earnings paint a full picture of a company? And what does it mean for the overall economy? Below, Sam Ro, CFA breaks down why you need understand what's behind a company's bottom line, and why the metric is crucial. More: https://lnkd.in/e3eWm3Ce #yahoofinance #finance #economics #money #investing
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This Fourth of July, sticker shock will still be present at the register. Those hosting cookouts can expect to spend a little more. A barbecue index showed that a 10-person barbecue this year will cost Americans roughly $99, the most on record, with key fixings such as beer, beef, soda, and lettuce making up nearly two-thirds of the overall cost. https://yhoo.it/45OQ1nQ