A
    Angel Smith

    Angel Smith

  • Hines Global CIO talks real estate, Boston Fed president: Asking for a Trend

    On today's episode of Asking for a Trend, host Josh Lipton takes a comprehensive look into financial markets (^DJI, ^IXIC, ^GSPC). Kicking off the show, Hines Global Chief Investment Officer David Steinbach joins the discussion to delve into the ongoing shift within the global real estate market. Steinbach characterizes the current landscape as "a different sport" compared to previous years. Next, Yahoo Finance's Jared Blikre joins the show to break down the top trading takeaways of the day. As the S&P 500 (^GSPC) and Nasdaq (^IXIC) hit new record closes, Blikre provides insights into market dynamics fueling this rise. Rounding out the episode, Yahoo Finance's Julie Hyman analyzes the growing bullishness among fund managers regarding market dynamics. Hyman sheds light on the sentiment data, revealing that bullishness has reached its highest level since November 2021. Lastly, Federal Reserve Bank of Boston President and CEO Susan M. Collins speaks with Jennifer Schonberger about her outlook on potential rate cut scenarios in an exclusive interview. This post was written by Angel Smith

  • Inventory will be 'positive story' for housing market: Analyst

    The housing market has encountered a fresh headwind as existing home sales took a tumble in April, declining by 1.9% versus the expected drop of 0.8%. HousingWire Lead Analyst Logan Mohtashami joins Catalysts to discuss the interplay between inventory levels and sales figures. Mohtashami notes that inventory levels within the housing market have been on a steady upward trajectory. "The positive story is going to be that inventory will be up this year versus what we had in 2023," he says, hinting at the potential for increased supply to alleviate some of the market's pressure. However, Mohtashami highlights the lingering challenges posed by elevated mortgage rates and persistently high housing prices, weighing on the housing market's performance. "We're not seeing any real growth in sales; we haven't seen it for a while," Mohtashami cautions. "Until mortgage rates head down toward 6% and stay there, it's very hard for this housing market to grow." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith

  • Why women should plan for the '100-year life': Expert

    According to a Bankrate survey, a staggering 47% of adults believe that money has a negative impact on their mental health, with 51% of those respondents being women. To delve deeper into this issue, Maddy Dychtwald, financial expert and author of Ageless Aging, joins Wealth! alongside Yahoo Finance's Kerry Hannon. Dychtwald highlights the potential consequences of financial stress, emphasizing that money issues can lead to anxiety, which manifests in various physical health effects. She notes that this appears to be "even worse for women than it is for men." Addressing the challenges faced by women, Dychtwald recommends adopting a long-term perspective and "planning for the 100-year life." She encourages women to ensure that their finances can sustain them throughout their golden years. Furthermore, Dychtwald emphasizes the need for women to gain financial knowledge and develop skills in managing their finances effectively. We need "to build our financial confidence," she tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • CMS's approach to Medicare drug pricing: Medicare director

    The Centers for Medicare & Medicaid Services (CMS) has recently released new guidance for its next round of drug price negotiations, while the ongoing negotiations are still in progress. To shed light on this development, Yahoo Finance Health Reporter Anjalee Khemlani is joined by Dr. Meena Seshamani, CMS Deputy Administrator and Director of the Center for Medicare. Seshamani highlights several changes introduced in the new guidance. First, the introduction of the Medicare Transaction Facilitator. "We received quite a bit of feedback," Seshamani explains, "from people interested in having the negotiated prices made available at pharmacies to those enrolled in the Medicare program." The Medicare Transaction Facilitator will "enable the exchange of data needed between all relevant parties in the supply chain involved in providing drugs at the point of sale." Secondly, the guidance addresses "how we are getting feedback during the negotiation process." While CMS previously held 10 patient-focused listening sessions, the new guidance seeks further input on whether patients found those sessions beneficial. "Our priority has been to implement the law in the most thoughtful way possible," Seshamani tells Yahoo Finance. "And that is the theme we continue to use. We are implementing as thoughtfully as we can and negotiating on behalf of the millions of people who rely on these medications for their health and well-being, as well as on behalf of the Medicare program." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith

  • Homebuyers are 'drunk' on rate cut hopes: Broker

    With mortgage rates still high, many prospective homebuyers are waiting on the sidelines until rates come down. The impact of these higher rates is evident in the housing market data, as housing starts fell 14.7% in March from February, marking a 4.3% year-over-year decline. Douglas Elliman Licensed Real Estate Salesperson Timothy Malone and Compass NYC Real Estate Broker Mickey Conlon joins Wealth! to discuss the current state of the housing market. Malone explains that with mortgage rates so high, the current buyers in the market are those who "need to buy right now," while everyone else is waiting on the sidelines. He advised buyers to "negotiate the sales price," as the sellers who "need to sell right now are very negotiable." However, Malone cautions against waiting, as rates drop and demand increases, it will become more challenging to find a home. Conlon acknowledges the pent-up demand in the market, noting that buyers will eventually make moves due to life changes or financial pressures. He observes that buyers have slowly started returning to the market, buoyed by the prospect of the Federal Reserve's proposed rate cuts, which "has helped to get us over the hump" of housing market stagnation. However, Conlon warns that the possibility of no rate cuts "is real." He emphasizes that while current rates are not historically bad for the housing market, buyers have become "drunk" on the low-rate scenario. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • Why portfolio diversification is a must for investors

    While Consumer Confidence data for March came in lower than expected, markets showed little to no reaction. Morningstar Portfolio Strategist Amy Arnott joins Yahoo Finance Live to discuss why this underscores the importance of diversified portfolios. Arnott describes the lower-than-expected consumer confidence as "a little blip," emphasizing that the economy remains strong despite these numbers. She advises investors to "focus on the long term," saying the main concern should be inflation, which she calls a "big question mark" as rate cut uncertainty heightens. She notes that if rate cuts don't materialize, they will "weigh down" the market, which is why she advises investors to focus on "portfolio diversification." Arnott explains that which asset class will outperform "in any given year" is unknown, making portfolio diversification crucial. For that reason, she recommends avoiding being "overexposed" in areas like technology and broadening out to sectors such as small-caps. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Consumers have 'ability to spend' but remain mindful of prices

    The February Retail Sales report came in hotter-than-expected, revealing a rebound in consumer spending trends. Mastercard Economics Institute Chief US Economist Michelle Meyer joins Yahoo Finance Live to discuss what this means for the consumer. Meyer notes that the February retail sales showed a "return to trend-like expansion" with characteristics that were seen before the holiday season. She highlights the consumer as being "empowered in this environment," as easing prices across many categories are falling and giving consumers "real purchasing power." Meyer points out the "consistency of the story" with outperformance in online spending and "experience-based" spending. She notes that this shows "consumers have the ability to spend;" however, they are being mindful of prices and prioritizing their spending. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • January CPI is throwing 'monkey wrench' into rate cut hopes

    January's hotter-than-expected inflation data has upended market expectations according to NYSE Senior Market Strategist Michael Reinking, who told Yahoo Finance's Madison Mills that "economic data would be the cause of volatility." From the floor of the New York Stock Exchange, Reinking says January's Consumer Price Index (CPI) print "throws... a monkey wrench" into assumptions that the Federal Reserve's tightening cycle was near its end with interest rate cuts on the horizon. Now, the odds of initial rate cuts have been pushed back to May. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Strategies the company behind Chili's is using to woo customers

    Brinker International (EAT) the company that owns Chili's, Maggiano's Little Italy, and It's Just Wings, posted mixed second quarter results, with earnings topping estimates and revenue about in-line expectations. Brinker International CEO Kevin Hochman joined Yahoo Finance Live to discuss the results and adapting to a value-focused consumer. Hochman says the company is getting "mixed signals" on spending habits, with some guests trading up while others are sticking to budget options. Hochman explains how the company uses pictures on the menu to nudge certain purchases. However, when picturing wings drove guests to "trade down" from pricier entrees, they pivoted. Per Hochman, with "value-sensitive" consumers, Brinker offers deals like a $10.99 burger, fries, drink and chips/salsa combo since "you just can't beat that anywhere." Brinker employs a "barbell strategy" spanning "entry-level" deals to attract budget-minded diners along with premium choices. As Hochman said, they provide "a great margarita" even for patrons unwilling to overspend. Adapting to a shifting landscape, Brinker strives to appeal to diners across the demand spectrum. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Amazon, Apple, and Meta earnings preview: What to expect

    Tech titans Apple (AAPL), Amazon (AMZN), and Meta (META) are scheduled to release quarterly earnings on Thursday, a pivotal moment for investors to gauge the companies' performance. Amazon's cloud computing arm AWS had heavy AI investments this quarter, with investors waiting to see if it was beneficial. Meta faces doubts that its ad revenue can meet expectations, while Apple's anticipated iPhone 15 sales numbers will be a crucial indicator of demand in China. Yahoo Finance Tech Editor Dan Howley analyzes the vital metrics that will shape the perception of Big Tech's health this earnings season. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Bitcoin notches above $41K, Coinbase upgrade: Crypto news

    Shares of cryptocurrency exchange Coinbase (COIN) are trending higher Friday morning following an upgrade from Oppenheimer. The firm upgraded Coinbase's stock from Perform to Outperform, setting a price target of $160 per share. Bitcoin (BTC-USD) is rebounding above $41,000 following a dip a week after spot bitcoin ETFs were approved Yahoo Finance's Seana Smith and Brad Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Salesforce plans to lay off 700 workers: WSJ

    Salesforce (CRM) is planning further workforce reductions, according to a Wall Street Journal report. The company intends to cut an additional 700 jobs, coming about one year after the company laid off 10% of its staff. This latest round of layoffs represents a continuation of Salesforce's cost-cutting efforts. Yahoo Finance's Seana Smith and Brad Smith break down the details, providing insights into the growing trend of layoffs in the tech sector. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Microsoft, Nvidia among companies to profit the most from AI

    As part of Yahoo Finance's AI Revolution special coverage this week, Tech Editor Dan Howley explores the industries and companies positioned to capitalize on the generative AI boom ahead. While hype builds around futuristic AI applications, Howley spotlights areas where monetization potential already exists: Automotive, Healthcare, and Agriculture. Howley cites leaders like Microsoft (MSFT), whose Copilot program drives enterprise AI adoption, and Nvidia (NVDA), which powers advanced AI computing through its dominance of AI chip manufacturing. To continue watching more of Yahoo Finance's AI Revolution special click here, or you can watch this full episode of Yahoo Finance Live here. Editor's note: This article was written by Angel Smith.

  • How e-commerce retailers will handle returns in 2024

    Online retailers saw record-breaking return volumes this holiday, with merchandise returns on December 26 jumping by 35% year-over-year. Loop Returns CEO Jonathan Poma joins Yahoo Finance Live to discuss the surge in e-commerce returns. Poma notes elevated return rates "across the board," but particularly in apparel and home goods. With seasonal holiday shopping periods driving purchases, return rates typically climb even higher post-holidays and online return volumes drastically outweigh in-store returns. As logistics costs rise alongside e-commerce deliveries, Poma says free return perks may diminish. Poma explains that merchants like Amazon (AMZN) are trying to "dial in their policies" to combat fraudulent returns and expenses and losses associated with returnless refunds. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.

  • Apple, Chevron, Citigroup: Trending Tickers

    Apple (AAPL) shares slid after Barclays downgraded the stock to an "Underweight" rating and trimmed its price target by $1 per share. The analysts cited weakening iPhone sales and broader demand slowdown across Apple's product ecosystem after four straight quarters of declining revenue. Chevron (CVX) announced it will take $4 billion in charges for the fourth-quarter related to increased regulatory and environmental liabilities, mainly stemming from California oversight of the oil giant's operations within the state. Wells Fargo struck a bullish tone on Citigroup (C), naming it their top bank pick for 2024. Analyst Mike Mayo predicts Citi shares can double over the next three years. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Can 'Magnificent Seven' continue dominating markets in 2024?

    The high-flying 'Magnificent Seven' mega-cap tech stocks that powered markets in 2023 seem poised to extend their leadership in 2024. According to FactSet data, six of the seven including Microsoft (MSFT) and Nvidia (NVDA) are projected to rise double-digits this year, with only a negative return seen for Tesla (TSLA). Yahoo Finance's Josh Lipton and Julie Hyman break down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Why markets may 'have gotten ahead of themselves'

    Stocks (^GSPC, ^IXIC, ^DJI) are stumbling early in the first 2024 trading session after big gains in late 2023. While many strategists remain bullish looking ahead into the new year, NFJ Investment Group Managing Director Burns McKinney joins Yahoo Finance Live with a more cautious view of markets. McKinney states stocks already had "a great 2024 during the fourth quarter of 2023" as the Federal Reserve signaled potential interest rate cuts down the line. He believes the instant rally on that dovish tilt leaves "concern that they might have gotten ahead of themselves" with 2024 gains pulling forward. In his view, aggressive pricing in of rate cuts sparked an "everything rally" leaving little upside this year after markets instantly capitalized on the Fed pivot. After considering the hype around Fed optimism, McKinney is already questioning how much fuel is left in 2024 if economic risks remain. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.

  • Earnings, jobs data to watch in the first week of 2024

    With the first trading week of 2024 underway, Yahoo Finance Live is set to cover notable earnings reports while also monitoring key economic data releases. This includes the JOLTS report (Job Openings and Labor Turnover Survey) on Wednesday, ADP private payrolls on Thursday, and the December jobs report on Friday. Yahoo Finance's Josh Schafer analyzes expectations for the labor market and upcoming jobs data, which will provide crucial insights into the economy's trajectory to start 2024. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Elon Musk's X faces valuation cut by Fidelity

    Fidelity estimates Elon Musk's social media company X, formerly Twitter, is now worth 71.5% less than it was when the billionaire acquired the company. Musk bought X for $44 billion in 2022. Yahoo Finance Tech Editor Dan Howley breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Investors can 'completely dismiss' govt. shutdown concerns

    With another government shutdown and funding deadline looming, BTIG Director of Policy Research Isaac Boltansky tells Yahoo Finance Live that while "government shutdown risks are real", he advises investors to "push the noise from DC out of their investing thought process." Despite a lack of "meaningful progress on the basic foundations of [a] deal" and the high likelihood of a first-quarter shutdown in 2024, Boltansky believes it ultimately "should not matter to investors." "Any negative reaction from a government shutdown will be short-lived," Boltansky says. His only real concern is a prolonged shutdown compromising Federal Reserve data flows. However, given the hopes for an eventual recovery, Boltansky sees limited market impact from temporary DC disputes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here.