Posts by Yahoo Finance

  • Warren Buffett on wages, market highs and HP turnaround continues

    Yahoo Finance at Yahoo Finance 2 days ago

    The Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are lower today after both making new all-time highs this week. Is it time to sell? Why doesn't it feel like a market high? Are markets around the world following our lead? Our Friday Midday Movers panel tackles all the big questions.

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

    What to watch next week It's Friday which mean our panel is thinking ahead to the other-side of the long weekend. Here is what they'll be watching next week.

    Lauren Lyster - GDP revision Mike Santoli - Russell 2000 re-balancing Andy Serwer - Google's I/O developer conference

  • Yellen's speech in focus; Inflation data in tune with Fed; Apple's big iPad

    Yahoo Finance at Yahoo Finance 2 days ago

    Investors may have to wait before taking off for the long Memorial Day weekend.  Stocks (^GSPC) could be affected by comments from Fed Chair Janet Yellen, who will give an afternoon speech that is raising eyebrows for its timing so close to a holiday. 

    Meantime, the Labor Department is out with a key Fed metric--inflation. The April Consumer Price Index rising 0.1%, in line with estimates.  But leaving out food and energy, it jumped a better-than-expected 0.3%...and was up 1.8% year-over-year.

    Yahoo Finance Senior Columnist Michael Santoli says that so-called "core" inflation is really the thing to watch.

    "It's going in the direction the Fed wants to see," he points out. "Remember, one of the prerequisites for the Fed moving on interest rates is they want to be reasonably certain core inflation is rising toward their target of 2%.  So this is all in tune with a Fed preparing to finally have that liftoff."

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

  • Lumber Liquidators' CEO quits; Hillary Clinton joins LinkedIn

    Yahoo Finance at Yahoo Finance 3 days ago

    The major stock indices (^DJI, ^GSPC, ^IXIC) are higher today, though not by much. Investors are digesting some housing data, as well as jobless claims and surveys from the Chicago and Philadelphia Feds.

    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.

    Working from home Do you have to answer emails at home or on vacation? A lot of us do, and now the Labor Department is working on rules to increase the salary limits for those who are eligible for overtime. That could mean many more people would have to get paid for taking those late-night messages.

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  • Investors eye housing, jobs data; Best Buy's best day; Shake Shack chickens out?

    Yahoo Finance at Yahoo Finance 3 days ago

    Wall Street starting the day in a cautious mood once again following yesterday's small declines for the S&P 500 (^GSPC).

    Investors get to weigh a higher than expected increase in initial jobless claims--up 10,000 to 274,000--and an update on sales of previously-owned homes.

    Yahoo Finance Senior Columnist Michael Santoli feels the stock market moves for the foreseeable future will be based on traders parsing various economic reports now that the latest Federal Reserve minutes again show policymakers remain "data dependent" when it comes to timing of raising interest rates.

    "We're obviously going to be strung from data point to data point," he says.  "We're unusually susceptible to these little moves as the data run hot and cold.  And I basically think that's what we're in for."

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

    Best day for Best Buy shareholders

    Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

  • JPMorgan Chase, Citigroup and others pay up, Gas prices climb as summer nears

    Yahoo Finance at Yahoo Finance 4 days ago

    The three major stock indices (^DJI, ^GSPC, ^IXIC) are flat through the first half of the trading day. Don't expect it to last too long as investors keep a close eye on the FOMC minutes scheduled to be released later this afternoon. Janet Yellen and company have had a knack for moving the market.

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

    Big banks pay up Four of the world's biggest banks are pleading guilty to felony charges and paying a total of more than $2.5 billion in fines after settling charges they manipulated the currency market. Attorney General Loretta Lynch says JP Morgan Chase (JPM), Citigroup (C), Barclays (BCS) and Royal Bank of Scotland (RBS) were a "cartel" that colluded to fix prices.

  • Fed minutes in view; Target's profit surges; Google and Twitter strike a deal

    Yahoo Finance at Yahoo Finance 4 days ago

    On the heels of yesterday's record close for the Dow (^DJI), investors are a bit more cautious this morning as they await the minutes from the last Federal Reserve policymakers' meeting.

    Yahoo Finance's Aaron Task suggests we shouldn't be planning on any surprises from Janet Yellen and company.

    "They have to recognize the weakness in the first quarter in the overall economy," he says. "And I suspect they're going to see transitory effects--the strong dollar and oil prices, which have reversed in the past month or so."

    And Task also doesn't expect any earth shattering news on interest rates.

    "The reality is the Fed isn't going to do anything on rates at the June meeting," he argues. "But they want to maintain the appearance that it's a possibility."

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

    Target on target

    Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.  

    Twitter/Google deal

     

  • Bacon's big moment: Low prices and soaring demand

    Yahoo Finance at Yahoo Finance 5 days ago

    Sinking prices from suppliers as well as consumer demand are making this, the age of bacon!

    From high-end restaurants to local greasy spoons and big name fast food chains like Wendy’s (WEN) and McDonalds (MCD), eateries are taking advantage of lower pork prices.

    A Bloomberg report citing USDA data says the supermarket price of the delicious cut of pork is down 25% in the last year. The wholesale price is even better, down 45% over the same time period.

    How has bacon enjoyed such a run with American eaters when headlines espouse a public looking for healthier options?

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

    Also helping bacon succeed is the popularity of the paleo diet. Similar to the Atkins diet rage of a decade ago the latest fad, according to PaleoLeap.com “should be high in fat, moderate in animal protein and low to moderate in carbohydrates.”

  • The Apple iTV that never was, Snapchat music videos and cheap bacon

    Yahoo Finance at Yahoo Finance 5 days ago

    The major stock indices (^DJI, ^GSPC, ^IXIC) are flat through the first half of Tuesday's session after some big earnings reports before the bell from the likes of Walmart (WMT) and Home Depot (HD).

    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.

    Apple's TV set shelved? The Wall Street Journal reports Apple (AAPL) gave up plans to sell an ultra-high definition TV last year.  But Carl Icahn pointed to TV when he made his prediction about the stock price in an open letter to the company yesterday. Who's right?

  • Housing starts soar; Walmart's profit miss; Starbucks' new DJ

    Yahoo Finance at Yahoo Finance 5 days ago

    Investors are looking to build on yesterday's record-setting performances on the Dow (^DJI) and S&P 500 (^GSPC).

    Helping to boost confidence, a strong report on the housing sector.  The Commerce Department saying April housing starts jumped to a seasonally adjusted annual rate of 1,135,000. That is 20.2% higher than the revised March estimate of 944,000 and above economists' estimates.

    Yahoo Finance's Aaron Task says that should go over well on Wall Street.

    "Yesterday we got a little bit of a downward bias in the sentiment from the homebuilders and maybe they're looking beyond April to May and June," he notes.  "But this number looks better than expected."

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

    Walmart profit comes up short

    Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.  

    Starbucks/Spotify join forces

  • Tesla's tech glitch, skilled worker shortage and "the wife bonus"

    Yahoo Finance at Yahoo Finance 6 days ago

    The major stock indices are flat today (^DJI, ^GSPC, ^IXIC) as investors digest housing data and rising oil prices.

    Here are some of the other stoires Yahoo Finance is keeping an eye on this afternoon.

    Skilled worker shortage While the job picture may be getting better, businesses are still having a tough time finding good workers. A survey of employers by Manpower Group finds a third of U.S. firms say there aren't enough qualified people to fill open positions. And while that's down from last year, globally the number is actually higher than in 2014.