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    Eyek Ntekim

    Eyek Ntekim

  • Meta sees AI changing advertising 'in a big way'

    AI is all the buzz—and the world of advertising does not appear to be an exception. Meta has high hopes for the role of artificial intelligence in advertising, with CEO Mark Zuckerberg saying on a recent earnings call that “AI is going to change advertising in a big way.” Meta Head of Global Business Nicola Mendelsohn joins Yahoo Finance Live at the World Economic Forum in Davos, Switzerland to discuss the incorporation of AI in advertising and how the company is leveraging AI for advertisers. Mendelsohn states that current AI tools in its Meta Advantage suite have assisted in “really significant growth for advertisers" who have seen “better targeting and better performance.” Mendelsohn sees a “cautious optimism” from advertisers who utilized internet advertising less in 2023. According to Mendelsohn, access to tools are not limited to size, noting: “It’s always been about the democratization of digital marketing,” with companies of all sizes utilizing features such as reels for advertising.With the upcoming presidential election, Mendelsohn states the company is “constantly working out what our [Meta’s] playbook is,” in terms of political advertising regulations—not just in the US but globally. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, where our team is speaking to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Editor's note: This article was written by Eyek Ntekim.

  • Consider a 'dry January' for your finances: Financial advisor

    With the New Year comes resolutions—and finances are no exception. Wells Fargo Senior Director of Advice Emily Irwin joins Yahoo Finance Live to provide insight on how to win financially in 2024. Irwin advises consumers to “understand what your cashflow is and make a budget,” to gain insight on spending practices. Irwin suggests that “dry January” should not only apply to alcohol, suggesting that unnecessary spending should be cut out and only necessities, such as bills, rent, healthcare, be the focus. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • New year, new rules for EV tax credit for US car buyers

    Thirteen EV models are now eligible for US tax rebates on electric vehicles. Yahoo Finance Senior Reporter Pras Subramanian reports on which EV models are eligible for the tax credit — the full amount going as high as $7,500 — and deep dives on the new rules for eligibility. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • 2024 tech outlook: Will AI plays still be all the rage?

    The Magnificent 7 tech stocks stole the show in 2023, driven particularly by the mass adoption of AI. Is tech still the way to go in 2024? Bailard Executive Vice President of Domestic Equities Dave Smith believes so, forecasting a broadening rally in tech. 2023 returns were heavily concentrated on AI, but that shouldn’t be expected as “we’re really going to see a broadening of that rally," Smith tells Yahoo Finance, also believing the rally will continue throughout 2024 and into 2025. Bailard groups the US economy and the tech sector as having both gone through "a series of rolling recessions in the past 18 months." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • AI: Legal challenges that pose a risk to AI in 2024

    Tech stocks surged in 2023 around AI excitement, but copyright lawsuits could pose a risk as the New York Times (NYT) sues Microsoft (MSFT) and OpenAI over infringement related to using its news articles to train their large language models. Yahoo Finance Tech Editor Daniel Howley reports on the changing landscape for AI development, particularly in response to or in preparation for future legal challenges. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Moderna shares soar on upgrade, best day since 2022

    Moderna (MRNA) shares surged Tuesday after Oppenheimer upgraded the stock to 'Outperform' and raised its price target to $142 per share, implying a more than 40% gain from Friday's closing price.  Analysts led by Hartaj Singh listed a number of potential catalysts, including the approval of additional commercial products by 2026 and a rebound in COVID-19 vaccine sales in 2025.  Yahoo Finance’s Seana Smith and Madison Mills break down the upgrade. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • A loose bolt is the least of Boeing's problems, analyst says

    Boeing (BA) shares tick down Tuesday morning following Goldman Sachs' decision to remove the company from its US conviction list. This comes after the Boeing's advisory warning to airline operators to inspect its 737 Max models for a loose bolt. Langenberg & Company Principal Brian Langenberg joins Yahoo Finance Live to weigh in on the airplane manufacturer’s overall challenges. Langenberg insists that in recent history “the problem [for Boeing] is making money," highlighting various struggles with revenue. Noting slow revenue growth, Langenberg states that a silver lining for the company is that “the expectations of the company are very low." Competition does not appear to be a major concern as Langenberg states that "lagging" profitability should continue to be Boeing's primary focus. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • How Shein & Temu show the US isn't decoupling from China yet

    China e-commerce giants Shein and Temu are quickly growing their footprints in the U.S., posing a threat to U.S. retailers. ShipMatrix President Satish Jindel tells Yahoo Finance the growth of fast-fashion is 'important to realize' amid consumers' ability to 'buy products almost directly from the manufacturer,' which lowers costs. "Temu and Shein are getting the orders from the consumer, then obtaining the products from the small manufacturer in China, then packaging and validating quality in real time, eliminating the need for a lot of warehouses," Jindel said. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Citi strategist on what will drive stocks in 2024

    Citi has a bullish outlook for 2024 earning growth, expecting earnings to grow nearly 10 percent.  Citi US Equity Strategy Director Drew Pettit tells Yahoo Finance Live that when it comes to stocks, “It’s not about valuation anymore, it’s about earnings and fundamentals.” Pettit sees tech's continued contribution to earnings growth but states plainly that “It’s all about broadening." Pettit believes that earnings growth will have to come from sectors beyond the Magnificent Seven to power stocks in 2024.  For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • 2023 market recap: Tech stocks lead Nasdaq's annual gains

    As 2023 concludes, a deeper dive into market performance reveals the Nasdaq 100 (^NDX) was a key index to watch, housing outstanding annual performances by tech leaders Tesla (TSLA) and Meta (META). Yahoo Finance Markets Reporter Jared Blikre takes a closer look at the aspects of the stock market that stood out, including bitcoin (BTC-USD) and meme stocks, in his year-in-review analysis. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • 'Trillion-dollar club' companies reach combined $10T in 2023

    The combined market cap of US companies valued over a trillion dollars has reached $10 trillion in 2023, doubling from the previous year. Apple (AAPL) leads with a market cap worth over $3 trillion, followed by Microsoft (MSFT), Alphabet (GOOG, GOOGL), Amazon (AMZN), and Nvidia (NVDA). Yahoo Finance Market Reporter Jared Blikre breaks down these numbers, comparing the market share of these tech giants to their values from before the pandemic. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Peloton, Carvana, Wayfair, Chewy: Post-pandemic outlook

    Former pandemic darlings including Peloton (PTON), Carvana (CVNA), Wayfair (W), and Chewy (CHWY) have seen a fall-from-grace—all seeing falling share prices. Yahoo Finance’s Diane King Hall and Rachelle Akuffo join Yahoo Finance Live to weigh in on these companies’ business models in a post-Covid world. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Buffett's traditional style prevails amid A.I. hype

    Warren Buffett, CEO of Berkshire Hathaway, (BRK-A, BRK-B) enters the new year with over 40 holdings in the company's portfolio—including Occidental Petroleum (OXY), Apple (AAPL), and BYD Company (BYDDY). While these stocks have garnered attention thanks to having Berkshire as an investor, Buffett's traditional investment style, focusing on solid fundamentals, contrasts with the high valuations and non-traditional nature of A.I. plays. Yahoo Finance’s Brian Sozzi and Bradley Smith take a closer look at potential shifts in Buffett’s investment strategy and whether A.I could be in view. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Fisker makes strides, but may have a long road ahead

    EV maker Fisker (FSR) has seen a recent surge in its share price amid plans to boost sales and deliveries in January. The company delivered more than 4,700 EVs in the final three months of 2023, up more than 300% from the third quarter, and it delivered its first Fisker Ocean Sport model. All might not be clear for Fisker, however, with ongoing production challenges and heavy competition in the industry, namely, Tesla (TSLA). Yahoo Finance's Brian Sozzi and Brad Smith report on this story and weigh in the cost and value of the company's stock.

  • Nvidia continues to soar with US-compliant China chip

    Nvidia (NVDA) is set to release a modified gaming chip that complies with U.S. export rules targeted at China, helping the chipmaker steer around a potential sales setback and round out a positive 2023. The company, which holds more than 90% market share in China's AI chip market, is set to close the year with a market cap of above $1 trillion. Yahoo Finance’s Brian Sozzi and Brad Smith weigh in on Nvidia’s business model and how the company has managed to remain ahead of the curve—and most likely will, well into 2024. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Apple is 'behind the curve' on generative AI: Analyst

    In 2023, the tech sector has displayed significant growth, particularly driven by the adoption of generative AI models. TECHnalysis Research, LLC President and Chief Analyst Bob O'Donnell joins Yahoo Finance Live to discuss key trends and companies shaping this growth. “Most people in their jobs, have yet to experience it [generative AI],” O'Donnell states, who notes the rollout is just the beginning for most companies and expects an “explosion” for companies such as Microsoft (MSFT) and Alphabet (GOOG, GOOGL). While several of the Magnificent Seven tech stocks have ventured into the artificial intelligence space, O'Donnell believes that Apple (AAPL) is falling behind its competition. “Apple is behind the curve, on this one,” O'Donnell says. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Money market fund cash inflows surge, recession fears lower

    In a recent trend, markets have seen a substantial surge in cash inflows, with a total of $1.3 trillion pouring into money market funds. This influx includes $276 billion allocated to non-US equities and bonds. Notably, December witnessed a significant portion of these inflows, with around $40 billion flowing into the SPDR S&P 500 ETF trust (SPY), indicating renewed investor confidence. Yahoo Finance’s Jared Blikre reports on previous trends and the relationship between cash demand and recession risks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • What it will take to keep the S&P 500 rally going

    The Magnificent Seven stole the show in 2023—leading the rally and pulling the S&P (^GSPC) higher by more than 23%. This rally could continue, but the other 493 would have to catch up says Evans May Wealth Managing Partner Brooke May. May states “we think there is some opportunity there, as we’ve seen the breadth of the market improve, meaning more names participating, we think that’s going to give the market another leg up.” May sees “really good deals and values,” including Charles Schwab (SCHW). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Can homebuilder stocks defy the odds in 2024?

    Homebuilder stocks soared in 2023, with notable gains in companies such as D.R. Horton (DHI), which is up 71%, Lennar (LEN) which is up 65%, and Beazer Homes (BZH) which is up 168%. Despite concerns about high interest rates and affordability, these companies have reported solid performances in the fourth quarter, expecting new order and delivery growth in the upcoming quarters. Other major players like Toll Brothers (TOL) also anticipate growth in 2024 and are strategically planning to expand communities and be prepared with inventory for the Spring selling season. Yahoo Finance's Jared Blikre breaks down this numbers—weighing in on what the industry can expect in 2024. For more Yahoo Finance housing coverage: 'Silver tsunami' to reshape the housing market: Meredith Whitney 2024 home buying season will be better than 2023: Economist Housing market has looked 'bubblicious': Economist Top housing markets for 2024: Realtor.com For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Catalysts for Tesla stock in 2024

    Tesla (TSLA) shares are up about 110% in 2023, but there are a few things that could keep powering the stock forward into next year. Yahoo Finance’s Madison Mills breaks down potential catalysts for Tesla that investors should keep an eye on in 2024, including the Cybertruck, a possible $25,000 car, and its Dojo supercomputer. For more Yahoo Finance coverage of Tesla: Morgan Stanley, Starbucks, Tesla: 2024 leadership in focus Tesla: Is Elon Musk too distracted by his other companies? Tesla is 'the AI company': Analyst Tesla: Car buyers missing out 'because they don't like Elon' Musk's social commentary hurting Tesla, other brands: Bill George For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.