Yahoo Finance

  • Investing in your child's financial future: Top strategies

    Maconomics Founder Ross Mac joins Wealth! to discuss how parents can ensure their children have better financial prospects than they did. Mac highlights the importance of education: as a parent, Mac teaches his children that money comes from work and that they are shareholders, not just consumers. Custodial Roth IRA accounts are also among Mac's top recommendations: a few hundred dollars every few months could be the difference between your child having student loans or asking you for financial help in the future, Mac signals. Mac says 529 accounts, or tax-advantaged college savings plans, are also a key strategy to consider. The Maconomics founder explains that the accounts are like 401Ks, tax-free as they grow and when needed for qualified educational expenses. For parents who aren't sure about their children's college future, Mac adds that the IRS has just changed the rules of the saving plan to allow custodians to roll an unused 529 into a Roth IRA. Adding children to a credit card also has several benefits, provided parents have healthy credit, Mac says: it can teach children about the importance of credit and establish their own credit early on. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This article was written by Gabriel Roy.

  • Bank earnings, stock futures, oil prices: 3 Things

    Bank of America (BAC) and Morgan Stanley (MS) both topped their first-quarter earnings estimates with the major bank stocks rising ahead of Tuesday's market open. US equity futures (^DJI, ^IXIC, ^GSPC) are ticking up in pre-market trading after all three of the market indices closed Monday lower. Oil prices (CL=F, BZ=F) slip as investors wait to see if Israel will retaliate against Iran after the latter coordinated an air assault against Israeli military bases on April 13. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Netflix earnings: What to watch

    Content is king, but where are the biggest players in the streaming wars today? You can’t have that debate without talking Netflix (NFLX); the company that once sent you a DVD inside an envelope releases first quarter results.  From the stock market reaction, to the ad business and that all-important password sharing crackdown: here are three key issues shareholders will be watching.

  • Tax refund: Explained

    You know what time of the year it is – it's tax time. Did you know that more than 70 percent of Americans actually get a tax refund? So it's only right that we talk about what it really is and what to do with it. Ross Mac of Macenomics joins Yahoo Finance to break down your tax refund. Tax refund is actually your money (00:00:13) A tax refund isn't just a magical bonus that the government was feeling generous about giving you. It was actually your money in the first place. You were just paying the government too much in taxes the prior year. Yes, you were giving the government an interest free loan. So before you try to take that money and actually make a real big purchase, you should ask yourself, would you have made that purchase the year prior? Exactly. So let's actually talk about what you should do with it. Emergency expenses (00:00:36) Because the average American can't afford a $1,000 emergency expense, Mac recommends putting aside $1,000 for those type of emergencies. Credit card loans (00:00:45) Next, Mac suggests you pay off those high interest credit card loans. This is the opportunity to stop paying those very tempted minimum balances and get rid of it once and for all. Emergency fund (00:00:53) Then, Mac recommends you set up a fully funded emergency fund. This is defined as three to six months of your necessary expenses. Think rent, utilities, groceries, etc. Mac suggests you take that money and put it in a high yield savings account. Consider investing (00:01:06) Finally, consider investing. This is your opportunity to start building true wealth. Let your money actually work harder for you, rather than you work for it. The best way to approach investing is by purchasing the index fund. Most commonly, Mac recommends the S&P 500 (^GSPC).

  • Apple loses top smartphone sales spot: IDC

    The first quarter smartphone sales data from IDC has some bad news for Apple (AAPL). IDC found Apple iPhone shipments fell 9.6% from the same period a year ago, allowing Samsung (005930.KS) to regain the top spot. Overall, global smartphone shipments rose 7.8% year-over-year. In the video above, Yahoo Finance's Madison Mills and Josh Schafer discuss Apple's sales. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.

  • Nvidia stock pops as Citi opens 90-day upside catalyst watch

    Shares of Nvidia (NVDA) are trading higher on Monday after analysts at Citigroup (C) initiated a 90-day upside catalyst watch on the stock. Citi's analysts see the potential for positive supply chain commentary from chip factories and memory suppliers during the upcoming earnings season. Yahoo Finance's Brad Smith and Seana Smith discuss the recent downward pressure on the stock. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

  • Goldman Sachs stock jumps on better-than-expected Q1 earnings

    Shares of Goldman Sachs (GS) are trading higher on Monday following the company's first quarter earnings report, beating expectations on both the top and bottom lines. Revenue came in at $14.21 billion against analyst estimates of $12.98 billion. Additionally, the company's adjusted earnings per share (EPS) reached $11.58, surpassing the expected $8.81 per share. Goldman Sachs also reported a 28% year-over-year increase in net income for the quarter, further buoying the stock price. Yahoo Finance's Madison Mills breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

  • Trump's criminal hush money trial begins in Manhattan court

    Former President Donald Trump's first of four criminal trials is set to kick off in a Manhattan court on Monday. The first trial is aimed at hush money payments Trump and his company made to cover up an affair with adult film star Stormy Daniels. The trial will take a look at whether those payments were a type of business fraud. Senior Columnist Rick Newman joins the Morning Brief to break down the details of the trial and what the outcome will mean for Trump's election status. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

  • Trump Media stock plunges on plans to issue new shares

    Shares of Trump Media & Technology Group (DJT) are plunging on Monday morning after an SEC filing revealed it will issue another 21.5 million shares Yahoo Finance's Julie Hyman and Josh Lipton break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino

  • Wall Street starts rating Reddit's stock

    Wall Street analysts are initiating their coverage of Reddit (RDDT) after the social media platform went public at the end of March. Analysts have differing opinions, with a mix of Buy and Neutral ratings on the stock. Yahoo Finance's Madison Mills and Josh Schafer discuss Wall Street's take on Reddit. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.

  • Stocks jump at the open as investors shift focus to earnings

    All three of the major indexes (^DJI,^GSPC, ^IXIC) opened higher, with investors shrugging off concerns about Iran's attack on Israel and instead focusing on earnings. Goldman Sachs (GS) kicked off this week's earnings bonanza, reporting better-than-expected first quarter results.  On Monday morning, Yahoo Finance rang the opening bell at the Nasdaq to celebrate the launch of its newest offerings, including new content and tools. Check out what's new here.  For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich

  • Israel and Iran, retail sales data, Goldman Sachs: 3 Things

    Stock futures (^DJI, ^IXIC, ^GSPC) are ticking higher early Monday morning following Iran's air assault on Israel on Saturday, April 13. Retail sales climbed in March — higher than expected — that could indicate the US consumer is still spending resiliently amid inflation pressures in 2024. Lastly, Goldman Sachs (GS) shares rise in pre-market trading after topping first-quarter earnings estimates, reported this morning. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • HHS Secy. Becerra talks California governor run rumors

    In an interview with Yahoo Finance's Anjalee Khemlani, Secretary of Health and Human Services (HHS) Xavier Becerra comments on the speculation around him departing from his role in the Biden administration to possibly run for California governor. "Right now I'm making the biggest difference I think I could in 2020, and that's why in 2020 I made the decision to leave a fabulous position as the Attorney General of California to become Secretary of Health and Human Services," Secretary Becerra says. "If America gives me a chance to make a big difference, I'm going to jump on it." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Luke Carberry Mogan.

  • Dobbs decision, Medicare drug pricing: HHS Secy. on legal fights

    From the Dobbs decision, the Supreme Court ruling that overturned Roe v. Wade, to fostering more competition in healthcare, the US Department of Health and Human Services has been fighting plenty of battles during the Biden administration. On the Dobbs decision, United States Secretary of Health and Human Services Xavier Becerra tells Yahoo Finance's Anjalee Khemlani that "There was no doubt that there were going to be attacks on access to reproductive care going forward," so even before the ruling, the department was preparing to ensure a woman's right to healthcare.  One HHS goal has been increasing competition. Becerra says "you need competition, otherwise the gears start to grind to a halt and that's always bad for consumers." That's why the Biden administration, he says, wanted Medicare drug price negotiations. There are reports that Becerra may leave the Biden administration to run for governor of California. Becerra says he'll stay in his role as long as President Joe Biden lets him and that "right now, the biggest difference I can make is as Secretary of Health and Human Services." Watch the video above to hear what Becerra says about his "Food is Medicine" initiative. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Stephanie Mikulich.

  • Using AI to complete your taxes? Proceed with caution

    With Americans staring down the tax filing deadline, some may consider enlisting the help of an AI chatbot. American Institute of CPAs lead manager of tax practices and ethics April Walker joins Wealth! to caution Americans against using AI in full to complete their taxes. Walker suggests that AI can be useful for tax education purposes: a chatbot can offer helpful tips when it comes to commonly missed tax deductions or how particular types of income should be taxed. "But tax is very complicated and nuanced and not black and white," Walker adds, pointing to AI's tendency to occasionally provide incorrect answers. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This article was written by Gabriel Roy

  • Last-minute tax tips: What to know before filing an extension

    As of the end of March, 48% of Americans had not yet filed their taxes, according to a Trust Pilot survey. H&R Block Chief Tax Officer Kathy Pickering joins Wealth! to help last-minute filers ensure they avoid IRS penalties and submit on time. Pickering's message to filers: if you haven't started yet, start now. As the deadline approaches, many filers may be considering an extension, but Pickering says Americans often confuse what an extension can offer them: "An extension to file your tax return is not an extension to pay your taxes due," she emphasizes. Because the IRS processes tax returns on a "first in, first out" basis, Americans expecting a refund should file soon, Pickering says. If not, she adds, filers should expect delays to their refund. If filers are still struggling to get their documents in order, Pickering recommends paying at least 90% of what they paid in taxes last year to avoid late payment fees from the IRS. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This article was written by Gabriel Roy

  • Value stocks: An investor's friend amid high inflation?

    Benchmark interest rates may be slow to come down, meaning mortgages and loans are going to cost more. But there are stocks that investors may want to take advantage of while they're still cheap. GLOBALT Investments Senior Portfolio Manager Keith Buchanan joins Wealth! to discuss buying opportunities in a higher-for-longer environment.  As rate cut outlooks continue to shift, Buchanan claims the last mile for inflation will be "stickier" and "more difficult." Buchanan currently favors low-duration assets, as high-duration assets have more volatility when interest rates move. The portfolio manager also recommends value assets on the equity and fixed-income sides.  For more expert insight and the latest market action, click here to watch this full episode of Wealth! This article was written by Gabriel Roy

  • EVs vs. hybrids: What to know before heading to dealerships

    As climate-conscious shoppers enter auto dealerships, they are faced with a choice: EV or hybrid. Yahoo Finance reporter Pras Subramanian joins Wealth! to discuss what consumers should consider when deciding which vehicle to purchase.  For more expert insight and the latest market action, click here to watch this full episode of Wealth! This article was written by Gabriel Roy.

  • Boon for big banks: More consumers leaned on credit cards in Q1

    More consumers leaned on their credit cards in the first quarter, across Citi (C), JPMorgan Chase & Co. (JPM), and Wells Fargo (WFC) cards. Yahoo Finance reporter David Hollerith joins Wealth! to discuss what this tendency means for consumers and their finances. Spending and credit card loan balances have gone up year over year, Hollerith says. As business loans have been growing at a slower pace, Hollerith calls the increased consumer spending and balances a "bright spot" for these banks in terms of loan growth. However, it is difficult to pinpoint sticky inflation as the direct cause of higher credit card spending, Hollerith adds. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This article was written by Gabriel Roy

  • Solarbank CEO calls Nasdaq listing a 'validation'

    Renewable energy company Solarbank (SUNN) made its Nasdaq debut on Thursday, April 11th. Solarbank President & CEO Dr. Richard Lu joins Yahoo Finance's Jared Blikre to discuss the company's outlook. Lu explains that Solarbank has been in business for 10 years, listing in Canada last year in March and on the Nasdaq just yesterday. He calls this accomplishment a "validation" and "encouragement for the team," saying Solarbank "provides the energy of the future" as an engineering firm focused on renewable energy — particularly solar. He states that Solarbank only works with corporate clients "to reach their net zero goal." He highlights that government initiatives have compelled businesses to act, giving Solarbank's business more exposure. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith