Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Nike named a new CEO Thursday, sending its stock up nearly 10% in after-hours trading as the company attempts to reinvigorate slow sales growth amid increased competition.
Elliott Hill, a former Nike executive who retired in 2020, will return to the company as the CEO and president on Oct. 14. John Donahoe, Nike's current CEO, will retire effective Oct. 13 and will remain an advisor to the company until January 2025. finance.yahoo.com/news/nike-names-former-executiveā¦
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The Fed signaled it would lower interest rates two more times this year after slashing its benchmark federal funds rate by 50 BPS to a range of 4.75%-5.0% Wednesday.
Fed officials see the fed funds rate coming down to 4.4% in 2024.
Next year, the majority of officials see the fed funds rate hitting 3.4%, lower than the 4.1% anticipated in its prior forecast. That suggests four additional rate cuts to come in 2025. finance.yahoo.com/news/fed-dot-plot-suggests-centrā¦
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The Federal Reserve slashed interest rates by a half percentage point Wednesday and charted a course for two additional cuts this year followed by four more in 2025.
The action marks the Fedās first easing of monetary policy since 2020 and the termination of its most aggressive inflation-fighting campaign since the 1980s. finance.yahoo.com/news/fed-lowers-interest-rates-bā¦
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US housing starts bounced back in August after tumbling a month earlier, illustrating uneven residential construction as builders weigh inventory levels against brighter demand prospects tied to falling borrowing costs.
āļø via Bloomberg: finance.yahoo.com/news/us-housing-starts-increase-ā¦
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Investors are growing increasingly confident that the global economy can achieve a soft landing, in which inflation retreats without a large drawdown in economic activity. finance.yahoo.com/news/investors-increasingly-expeā¦
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Hotter-than-expected inflation readings this week led markets to price in a smaller rate cut from the Fed.
But reports Friday from the Financial Times and WSJ that policymakers were struggling to come to a decision brought a rise in expectations for a jumbo rate cut. finance.yahoo.com/news/what-a-bigger-than-expectedā¦
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While Apple's new iPhone 16 hits stores this month, Apple Intelligence won't be available for US English users until October. This delay may be why Apple stock didn't move much on the news.
Goldman Sachs analyst Michael Ng said that's par for the course on iPhone rollout days.
His team estimated Apple stock historically underperforms the S&P 500 by 70 BPS on launch days. On Monday, that underperformance hit 100 BPS. finance.yahoo.com/news/no-huge-surprises-why-appleā¦
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The new record of US household wealth last quarter to $163.8 trillion was driven by gains in real estate values and stocks.
The value of real estate holdings was $1.8 trillion increase in Q2, while equity holdings gained $700 billion. finance.yahoo.com/news/us-household-wealth-hits-reā¦
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Sticky shelter inflation has largely been blamed for higher core inflation readings, according to economists.
The shelter index rose 5.2% YoY in August, a slight uptick from July.
The index rose 0.5% MoM "and was the main factor in the all items increase," according to the BLS. finance.yahoo.com/news/inflation-consumer-prices-rā¦
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Starting next year, China will raise its retirement age for workers in an effort to address its shrinking population and aging workforce. Right now, it's among the youngest in the world's major economies.
The policy change will be carried out over 15 years, with the retirement age for men raised to 63 years, and for women to 55 or 58 years depending on their jobs. The current retirement age is 60 for men and 50 for women in blue-collar jobs and 55 for women doing white-collar work. finance.yahoo.com/news/chinas-legislature-approvesā¦
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Yahoo Finance aims to help investors of all kinds build and maintain their wealth. Yahoo Finance videos on YouTube dissect markets, data, trends, and real-life financial issues for individual investors, industry leaders, and households through insightful interviews and detailed supercuts across various themes.