U.S. stocks closed higher Tuesday, even as Wall Street processed hawkish rate talk from Federal Reserve officials and remarks on inflation from Chair Jerome Powell at an event hosted by Sweden’s central bank. The S&P 500 (^GSPC) rose 0.7%, and the Dow Jones Industrial Average (^DJI) added nearly 200 points, […]
Finance
Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages amid regulatory pressure and the impact of higher interest rates. Instead of its previous goal of reaching as many Americans as possible, the company will now focus on home loans for existing bank and wealth management customers and […]
Bed Bath & Beyond continues to struggle mightily. The near-dead home goods retailer released its long-awaited holiday quarter results on Tuesday morning, and the picture is not pretty. Here are seven numbers that stood out to Yahoo Finance and help explain why the company is on the brink of ruin: […]
Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation. In a speech delivered to Sweden’s Riksbank, Powell noted that stabilizing prices requires making tough decisions that can be unpopular politically. related investing news […]
Elon Musk has set a Guinness World Record for losing the most wealth ever. The Tesla and Twitter CEO erased so much of his money since November 2021 that he’s broken the world record for the “largest loss of personal fortune in history,” the global organization that keeps track of record achievements said in a […]
A college student made a fortune on Bed Bath & Beyond stock.Photo by Chris Hondros/Getty Images A college student made a $110 million profit on Bed Bath & Beyond stock in August 2022. Jake Freeman’s fund revealed a 6.2% stake in the retailer in late July, then sold it weeks […]
Starbucks is adding a new, limited-run, cold brew option, reflecting continued sales growth in the cold drink category at the coffee chain and the industry in general. The coffee giant today unveiled the Pistachio Cream Cold Brew. The new, iced option is part of Starbucks’ winter menu. The drink is […]
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, January 2, 2023 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on […]
Tesla stock is starting 2023 on the wrong foot after the automaker reported a delivery miss for the fourth quarter. Tesla delivered 405,278 vehicles globally for the quarter, missing analyst expectations of 420,760 as compiled by Bloomberg. For the quarter, Tesla produced 439,701 vehicles, a number that exceeded deliveries by […]
Disney (DIS) CEO Bob Iger has five big questions to address in the new year as he settles in, once again, to the high-powered executive role. The company saw shares slide roughly 45% in 2022, marking the worst annual stock performance for the House of Mouse since 1974. It’s a […]
U.S. stocks closed with losses Tuesday as last year’s selling pressures poured over into a busy first trading week of 2023. The S&P 500 (^GSPC) dropped 0.4%, while the technology-heavy Nasdaq Composite (^IXIC) fell 0.8%. The Dow Jones Industrial Average (^DJI) capped the session just below breakeven. Apple (AAPL) shares […]
U.S. stocks drifted higher on Friday to log gains across the board, capping the final full trading week of 2022. When the closing bell rang on Wall Street, the S&P 500 (^GSPC) rose 0.6%, the Dow Jones Industrial Average (^DJI) rose 0.5%, while the technology-heavy Nasdaq Composite (^IXIC) gained 0.2%. […]
Recognizing the right stocks is a skill that every investor needs to learn, and the sheer volume of market data, on the main indexes, on individual stocks, on and from stock analysts, can present an intimidating barrier. Fortunately, there are tools to help. The Smart Score is a data collection […]
“Hasten slowly and ye shall arrive” said the ancient Tibetan poet, Milarepa. The Federal Reserve Board clearly does not share this philosophy. It has tightened monetary policy at a dizzying pace, taking short-term rates from near zero at the beginning of 2022, to above 4.25%, an increase of more than […]
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, December 23, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]
U.S. Senate Majority Leader Chuck Schumer (D-NY), holds a news conference to discuss the expanded Democratic majority in the Senate for the next Congress, on Capitol Hill in Washington, December 7, 2022. Evelyn Hockstein | Reuters WASHINGTON — The Senate approved a $1.7 trillion government funding bill on Thursday, sending […]
The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | Getty Images 2022 marked the start of a new “crypto […]
Nestled inside the $1.7 trillion government spending bill, which has passed Congress and is headed to President Biden’s desk for a signature, is a suite of significant reforms to the private retirement system. The changes to come will push businesses to get more of their employees enrolled in savings plans […]
U.S. stocks extended this week’s downtrend Wednesday to close a choppy session with losses as the prospect of sustained higher rates and slowing growth continued to plague investor sentiment. The S&P 500 (^GSPC) slumped 0.2%, ending a fifth straight day lower, while the Dow Jones Industrial Average (^DJI) capped trading […]
According to data, the average amount of home equity held by American homeowners will reach a record high of $9.9 million by the end of 2021. Because of all this equity, many people are considering taking out a loan against it to use for anything they need. We will discuss […]