Posts by Yahoo Finance

  • Tesla's autonomous car and U.S. banks are tops around the globe

    Yahoo Finance at Yahoo Finance 2 days ago

    All three major stock indices (^DJI, ^GSPC, ^IXIC) are in the green today, though not by very much, as the summer market doldrums continues.

    Here are some of the other stories Yahoo Finance is keeping an eye on today.

    Wage growth and the Fed U.S. employment costs rose at the slowest pace in over three decades. The employment-cost index, which is a broad measure of worker wages, edged up a mere 0.2 percent in the second quarter. Could data like this delay a rate hike from the Federal Reserve?

    U.S. banks on top globally U.S. banks are giving their European counterparts a run for their money... Over the past five years shares of major U.S. banks have climbed on average 45%, while major European banks, including Barclays (BCS) and Deutsche Bank (DB), have seen their shares drop by 17%.

  • Wall Street's roller coaster; Oil companies struggle; Game of Thrones bonus

    Yahoo Finance at Yahoo Finance 2 days ago

    Wall Street looking to finish the month on a high note after a wild July where the Nasdaq (^IXIC) set record highs and the S&P 500 (^GSPC) jumped to near-record highs...with big dips on either end. 

    Yahoo Finance Senior Columnist Michael Santoli says the month was like deja vu all over again for the stock market.

    "At least since February, it's been volatile but within a tight range," he notes. "You have these very rapid moves that people have a hard time catching. And you have this divergence of very heavy global cyclicals and commodity-related industries and that very small group of favored growth names."

    Get the Latest Market Data and News with the Yahoo Finance App

    Exxon Mobil hurt by oil price drop

    Here are some of the stocks the Yahoo Finance team will be following for you today.

    China's Olympic redux

    This morning, the International Olympic Committee named Beijing as the host of the 2022 winter Olympics. This makes China's capital the first city to host both summer and winter Olympics.

  • Trump takes his campaign to...Scotland

    Yahoo Finance at Yahoo Finance 3 days ago

    Trump rocked the ugly American look at the Women’s British Open in Turnberry, Scotland earlier today. His “Make America Great Again” trucker hat screamed, “I am qualified to represent the American people.”

    If elected, let’s hope he sports a similar uniform during all foreign tours, because, MURICA.

    Though Trump owns the resort hosting the tournament, some worried that his presence might distract from the event. Trump’s response:

    "Everyone's asked me to be here. The tour's asked me to be here. The world's asked me."

    That’s nice. Should someone remind him that he only needs American votes?

    Other notable things Trump told the UK press include, “I expect to be President,” and “Illegal immigration is a huge subject. I brought it to the fore and everybody is thanking me for it.”

    On another note, props to Trump for keeping his cool (so far) on a Scottish golf course, he hasn’t always in the past.

    In 2007, his plans to develop a luxury golf course and resort in another Scottish town – Balmedie – were stalled by a local farmer by the name of Michael Forbes who refused to sell his land to the Trumpster.

  • Bill Gross on the market, Whole Foods tanks and Google's new feature

    Yahoo Finance at Yahoo Finance 3 days ago

    U.S. stocks (^DJI, ^GSPC, ^IXIC) are trading in the red through the first half of the day even after a government GDP report showed a slightly faster pace of growth in the second quarter.

    Get the Latest Market Data and News with the Yahoo Finance App

    Here are some of the other stories yahoo Finance is keeping an eye on today.

    Bill Gross weighs in Are the Fed's low interest rate policies harmful to the U.S.? Bond investor Bill Gross thinks so...and in his latest investment letter he writes that now our central bank is starting to think so, too. He writes, because of low interest rates "corporations have borrowed hundreds of billions of dollars, but instead of deploying the funds into the real economy, they have used the proceeds for stock buybacks." Gross adds that the Fed recognizes its policies aren't helping the global economy and will likely hike rates in September.

     

  • Investors focus on GDP; Facebook's spending spree; Tesla's incentive program

    Yahoo Finance at Yahoo Finance 3 days ago

    After two days of solid gains for stocks (^GSPC), Wall Street is digesting the latest report on the economy.  The Commerce Department reports second quarterGross Domestic Product rose 2.3%, below economsts' forecasts.  However, the previous report showing first quarter GDP fell 0.2% was revised upward.  The government now says the economy grew 0.6% in the first three months of the year.

    Yahoo Finance Senior Columnist Michael Santoli believes nothing in this report will do anything to influence the Fed's plans on when to hike interest rates.

    "It seems not to disturb the current view that we did have a pickup in the second quarter that, hopefully, will build upon itself in the third quarter," he says. "I don't think this changes the debate after yesterday's statement."

    Get the Latest Market Data and News with the Yahoo Finance App

    Facebook's spening spree

    Here are some of the stocks the Yahoo Finance team will be following for you today.

    Tesla price break

  • Google, Amazon and NASA meet on drones and Trump the trailblazer

    Yahoo Finance at Yahoo Finance 4 days ago

    All the major stock indices (^DJI, ^GSPC, ^IXIC) are in the green today as investors wait for word out of the Fed on the timing of an interest rate hike. Here are some of the other stories Yahoo Finance is keeping an eye on today. Drone traffic control The space above our heads is starting to get more crowded as drones become a bigger part of both transportation and recreation. Google (GOOGL) and Amazon (AMZN) have very publicly made known their desire to use the technology for delivering goods. Now the two mega tech companies are joining forces with NASA to create the first of its kind automated air traffic control system for drones.

  • Focus on Fed; Twitter's big blow; Facebook's politics plunge

    Yahoo Finance at Yahoo Finance 4 days ago

    Investors look to add to yesterday's stock (^GSPC) gains when Wall Street snapped a 5-day losing streak.  And their big focus will be the release of the minutes from this week's Federal Reserve meetingthis afternoon.

    Yahoo Finance's Aaron Task feels if an interest rate increase is coming soon, we'll know it today.

    "If they're going to hike rates in September-- and that's still a 50-50 call--  they would need to further lay the groundwork," he notes. "The last couple times the Fed began a rate hike cycle, the meeting before they basically told the markets, 'Hey, get ready!  A rate hike is coming.'  But it's still a long way between here and September."

    Get the Latest Market Data and News with the Yahoo Finance App

    Twitter troubles

    Here are some of the stocks the Yahoo Finance team will be following for you today. 

    Facebook and the presidential race

     

  • 8 Celebrities who moonlight as entrepreneurs in the liquor business

    Yahoo Finance at Yahoo Finance 5 days ago

    Celebrity endorsements for alcoholic beverages. It's not a new marketing ploy. After all, Woody Allen appeared in Smirnoff vodka ads in the 1960’s. But more and more celebrities are moonlighting as entrepreneurs in the booze businesss.

    Here are eight celebrities who have launched their own brands:

    Dan Aykroyd, Crystal Head Vodka

    The idea for Crystal Head Vodka was conceived by actor and comedian Dan Aykroyd in 2007. Artist John Alexander is co-founder of the business. The vodka is made from Canadian corn and blended with glacial water from the island of St. John in Newfoundland. The liquid is then seven times-filtered, three passes through layers of semi-precious crystals. It’s now available in 25 countries in its skull-shaped bottle.

    Sammy Hagar, Cabo Wabo Tequila, Sammy's Beach Bar Rum

    Ludacris, Conjure Cognac

    Justin Timberlake, 901 Tequila

    George Clooney, Casamigos Tequila

    Kenny Chesney, Blue Chair Bay Rum

    Fergie, Ferguson Crest

    Sting and Trudie Styler, Il Palagio

    More from Yahoo Finance:

  • Android hack, Twitter to report and New York's 'new' airport

    Yahoo Finance at Yahoo Finance 5 days ago

    It's green arrows across the board for U.S. stocks today (^DJI, ^GSPC, ^IXIC).

    Here are some of the other stories Yahoo Finance is keeping an eye on today.

    Android hack A major mobile security flaw could impact up to 950 million Android users around the globe. It has to do with the way the operating system processes pictures, audio or video sent via text message. The worst case scenario would allow hackers full access to your phone. The flaw was found by a cyber security company called Zimperium and they notified Google (GOOGL) on April 9th and told them how to fix it. Here we are on July 28th and it would seem no such fix has been widely implemented.

  • Wall Street's bounce back; Yellen in spotlight; Trump's $21M penthouse deal

    Yahoo Finance at Yahoo Finance 5 days ago

    Wall Street may finally be getting a relief rally after stocks (^GSPC) dropped for five consecutive sessions.

    Yahoo Finance Senior Columnist Michael Santoli says it's time for a change of direction, especially as investors await tomorrow's announcement following the Fed's two-day policymakers' gathering.

    "Five days down, total of about 3% losses for the S&P 500--  it does seem we got very oversold in a hurry and looks like we're at least going to attempt to bounce," he explains. "I really do think the jockeying is going to begin ahead of the Fed meeting."

    Get the Latest Market Data and News with the Yahoo Finance App

    Now here are some of the stocks the Yahoo Finance team will be following for you today, including more Dow components out with earnings.

    Ford (F) The automaker handily beat estimates for both earnings and revenue in the period. Ford says it had its best quarterly profit in 15 years thanks to record-setting performance in North America. 

    GM China deal