AFL-CIO Leader Richard Trumka Dead at 72
Aug.05 -- Richard Trumka, the longtime president of the AFL-CIO and ally of Democrats, has died unexpectedly, according to a union spokesperson. David Westin reports on "Balance of Power."
The Dow Jones rallied after the latest Fed Minutes were released. Tesla stock fell even as a rival EV play soared. Apple stock popped.
Yahoo Finance Live's Jared Blikre looks at GameStop's stock ahead of its four-for-one stock split on July 22nd.
The tech billionaire keeps plowing millions into this asset class.
New immune-evading Omicron subvariant BA.5 is now dominant in the U.S., and previous heavy hitter “stealth Omicron” is now a shadow of its former self, according to federal health data released Tuesday.
Anyone positioning their portfolio for a recession could be making a big mistake.
Yahoo Finance's Pras Subramanian explains why Tesla is slowing production in July.
VettaFi Financial Futurist David Nadig joins Yahoo Finance Live to discuss energy markets ahead of recession fears and fluctuating oil prices, energy ETFs, decarbonization, commodity ETFs, and ESG funds for Gen Z investors.
KELLEY BLUE BOOK New car owners are experiencing more problems in the first 90 days of ownership than ever before. Buick took the top spot in the 2022 J.D. Power Initial Quality Study, but the headline isn’t the winner this year.
(Bloomberg) -- Samsung Electronics Co. reported a better-than-anticipated 21% jump in revenue, assuaging investors’ worst fears about the impact of weakening consumer demand and soaring materials costs on the $550 billion chip industry.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarRoaring US Rental Market Shows Early Signs of Slowing DownUS, Allies Discuss Capping Russian Oil at $40-$60 a Barrel to Cut War FinancingWall Street Says a Recession Is Comin
The first half ended last week, and the S&P 500 is now firmly stuck in a bear. The rapid change from record high levels at the end of last year, to a 20%+ drop in these past six months has pummeled investors, who have had to cope with shrinking share values, increased volatility, and an unpredictable and risky equity environment. The most serious issue facing economists and traders right now is the possibility of recession in the near term. The US GDP contracted by 1.6% in Q1, and preliminary da
Close to 12,000 fewer homes sold in April and May compared to the pre-pandemic average.
Rowling has repeatedly been criticised and accused of transphobia for her past comments about transgender people
Stocks are set to veer south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain the moodiness of stocks, which logged gains on Friday, but weekly losses on worries about a recession spurred on by rising U.S. interest rates. In the U.S., mortgage applications are down 28% from their peak, new home sales are off 17% and housing starts down 13%.
Let's begin with the fact that no investor can get around right now, the current volatile market. In the words of the Goldman Sachs strategist David Kostin, “The first six months of 2022 have been a brutal time to be an investor in public markets.” The losses, which stand at 19% year-to-date on the S&P 500, have been broad-based; barring outliers, neither value nor growth strategies have offered any respite. Kostin dives into the current conditions, and comes up with some interesting views. He w
Berkshire Hathaway's quarterly 13F filing won't tell you about the Oracle of Omaha's $6.3 billion hidden portfolio.
(Bloomberg) -- By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarRoaring US Rental Market Shows Early Signs of Slowing DownUS, Allies Discuss Capping Russian Oil at $40-$60 a Barrel to Cut War FinancingWall Street Says a Recession Is Coming. Consumers Say It's Already HereCiti Says Oil May Collapse to $65 by the Year-E
U.S. stocks end with modest gains Wednesday after minutes of the Federal Reserve’s June policy meeting signaled another big rate-hike on tap this month to help cool inflation.
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. jumped as much as 5.4% in Taipei on Thursday after chipmaking rival Samsung Electronics Co. reported sales that were better than anticipated.Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarRoaring US Rental Market Shows Early Signs of Slowing DownUS, Allies Discuss Capping Russian Oil at $40-$60 a Barrel to Cut War FinancingWall Street Says a Recession Is Coming. Consumers Say It's Already HereCiti Sa
The economy is rocky, but high-net-worth individuals aren't worried.
The major indexes rose slightly as Fed minutes held few surprises. Megacap stocks reclaimed key levels. These two Tesla rivals are in buy zones.