Nick Rose

    Nick Rose

    Senior Special Projects Producer
  • What's next in the markets? 5 executives share their predictions

    Every investor wants to know: what does the future hold for the stock market? "People are actually gonna need to figure out how to be good investors going forward. And we have not yet mentally adjusted. What happened over the last 10 years is abnormal." -Marc Rowan, Apollo CEO "Our outlook is more negative going forward... and more people need to catch up with us, which means that we're probably going to have more volatility and more drawdowns ahead of us." -Katie Koch, TCW CEO "Our view remains that at the moment the markets are over optimistic around where we're headed with both [interest] rates and recession." -David Hunt, PGIM CEO "I think the traditional model that is investor built is now gonna be challenged a bit as you leverage AI to be able to find unique insights. So I think the asset managers that have the bigger and broader data set that they can apply AI to are gonna have an advantage." -Jenny Johnson, Franklin Templeton CEO "It's hard to argue that the world isn't heading towards a more carbon neutral state of being. So we want to be at the forefront of that to help clients figure out what's real, what's not real, who's actually doing things versus who's just saying they're doing things." -Jeff Solmon, TD Cowen President (Disclosure: Apollo Global Management is the parent company of Yahoo and Yahoo Finance)

  • Buffett addresses stake in Apple, Occidental Petroleum, and issues warning about the streaming business

    Warren Buffett addressed his stake in Apple and Occidental Petroleum (OXY), and shared his concerns about the video streaming business on Saturday. Buffett hosted the Berkshire Hathaway Annual Shareholders Meeting in his hometown of Omaha, Nebraska. The legendary investor was joined by Berkshire Hathaway (BRK-A) Vice Chairman Charlie Munger. When asked about his investment in Apple (AAPL), Buffett said, “I don't understand the phone at all, but I do understand consumer behavior." “Apple is not 35% of Berkshire's portfolio… it just happens to be a better business than any business we own.” He later made comments about his strategy in the energy sector, telling Berkshire shareholders the holding company is not "going to be making an offer for control of Occidental [Petroleum].” Find more special coverage of the 2023 Berkshire Hathaway Annual Shareholders Meeting on YahooFinance.com.

  • Warren Buffett Q&A: 3 things to watch

    Warren Buffett will take center stage on Saturday, May 6 as Berkshire Hathaway (BRK-A) hosts its annual shareholders meeting in Omaha, Nebraska. The event has been dubbed the ‘Woodstock of Capitalism’, drawing attention from a wide range of investors, market watchers, and economists, all hoping to get a glimpse of the magic that inspired Buffett’s legendary career. Yahoo Finance is on the ground in Omaha with special coverage of the 2023 Berkshire Hathaway Annual Shareholders Meeting. Here are the top 3 things we’re watching for ahead of Saturday’s big event: Buffett’s comments on the banking crisis The state of the U.S. economy Warren Buffett’s top stock picks

  • Why the human genome could be health care’s holy grail

    23andMe Co-founder & CEO Anne Wojcicki says we’ve only seen the tip of the iceberg for human genomics and DNA research. “Look at all the explosion of all these new technologies with gene therapy, with CRISPR (CRSP), with RNA technologies and understanding the human genome,” Wojcicki told Yahoo Finance at the Milken Global Conference in Beverly Hills, California. Wojcicki says she’s ‘disappointed’ in the lack of progress around genomics, despite having just crossed a significant milestone, 20 years since the first complete sequencing of the human genome. “I think part of the reason is that genetics tells you a lot about what you're at risk for and it doesn't necessarily financially pay to get you that preventative information and to intervene in that way versus just treating people once they have a disease.” The 23andMe (ME) CEO also says they are looking into building new partnerships with pharmaceutical giants once the company’s partnership with GlaxoSmithKline (GSK) ends in July. Interview Highlights: 1:29 How genetics can tell us more about human diversity 2:20 Why 23andMe CEO is ‘disappointed’ about genome adoption 5:00 Wojcicki on 23andMe partnership with pharma giant GSK 7:15 Genetics needs to be part of medical school training 8:26 What’s next for 23andMe

  • Fed decision, corporate earnings, and a potential labor strike: what you need to know for the week ahead

    Big-time corporate earnings, a potential writers’ strike in Hollywood, and the Fed makes a major decision on interest rates. Here are 3 things you need to know for the week ahead: 1. Markets are bracing for some major earnings. Apple (AAPL), Ford (F), Starbucks (SBUX), and AMC (AMC) are just a few of the top companies reporting quarterly results. Those will give us a fresh look at the health of American business. 2. Plus, Hollywood’s movie and TV writers could walk off the lot as early as Tuesday. The Writers Guild of America has voted in favor of a labor strike, giving studios until May 1 to agree on a deal. If a strike does occur, some of your favorite TV and film franchises could be delayed or even cut short. 3. And last but not least, the Federal Reserve makes its decision on whether to continue raising short term interest rates. Signs of a slowdown in the U.S. economy could give the Fed reason enough to pause on their current rate hike policy. We’ll hear from Chairman Jerome Powell on Wednesday. 3.5 We’ve got you covered all week, right here at Yahoo Finance.

  • How Chipotle's secret to customer satisfaction works

    Chipotle is coming up with innovative ways to improve the customer experience at its restaurants. Now the food chain is testing a new type of grill that is expected to cut wait times in half, shorten the line, and allow customers to get their food faster. Bernstein senior analyst Danilo Gargiulo says Chipotle (CMG) is "extremely prudent about making sure that the operations for their employees and the customer satisfaction is extremely high, across the entire system." "There is a huge potential for Chipotle to increase the throughput to increase the speed of service of people who are waiting in line... having a grill that can help speed up the process... is really going to help the customer have what they want when they want it." Chipotle CFO Jack Hartung also spoke to Yahoo Finance about the new grill system, explaining the improvements will not only cook their meat quickly, but it will also make the food taste better. "It means it's going to be juicier because it's going to be cooked to the exact right temperature, and we are not going to have the yield loss, which means our economic model and our ability to continue to deliver value to our customers is going to be better than ever."

  • 3 things to watch at next week's Milken Conference

    Yahoo Finance will have special coverage of the 2023 Milken Institute Global Conference, including live interviews, exclusive insights, and more. Brian Sozzi shares the 3 biggest things he's looking for at the Milken Conference this year: 1. Finance executives are set to address turmoil in the banking sector. 2. Top CEOs share their big ideas and predictions for the future. 3. Industry leaders from around the world will give us insight into the health of the global economy. Coverage begins Monday, May 1 from The Beverly Hilton Hotel in Los Angeles, California. Featured guests include Michael Milken, Citi (C) CEO Jane Fraser, Apollo (APO) CEO Marc Rowan, Mattel (MAT) CEO Ynon Kreiz, Mondelēz (MDLZ) CEO Dirk Van De Put, Former LinkedIn CEO Reid Hoffman, former SEC Commissioner Michael Piwowar, former Google (GOOGL) CEO Eric Schmidt, 23andMe (ME) CEO Anne Wojcicki and many others.

  • Bank earnings, U.S. inflation report, and Federal Reserve news - 3 things you need to know

    Big bank earnings, key inflation data, and fresh news from the Federal Reserve.  We’ve got a big week in store for the markets, here’s what you need to know: 1. The country’s largest banks will report earnings next week. JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) are set to post their first quarter results, set against the backdrop of a possible banking crisis. Wall St. will be watching closely for performance on deposits and bank liquidity, while top executives give insight into the health of the US banking system. 2. We’ll receive new inflation data and retail sales figures for the month of march. Will we see inflation continue to trend downward? Wednesday: CPI Thursday: PPI Friday: Retail Sales 3. All of this, of course, is being carefully considered by the Federal Reserve. Americans will pick the brains of Fed policy makers throughout the next week as we hear comments from several central bank officials and get a readout of the minutes from its March policy meeting.

  • Unlocking human creativity with AI: how artificial intelligence will transform the creative process

    The power of AI was on full display at Austin’s South-by-Southwest festival- from robotics, to transportation, and even healthcare, but what about art? “Ultimately, what I think it does is allow more people to be artists,” explains Fiverr’s (FVRR) Head of Audio and Music, Adam Fine. “What's going to be really interesting now is to see how people tap into this tool and unlock more to create more impressive things, the baseline will continue to increase. and we'll see that threshold for great art, great code, great writing, be improved.” “We're gonna see how people, freelancers, professionals, experts, continue to use this tool. Ultimately humans will be the winners and we'll see humans continue to get more creative and more productive…AI can be used in music to enhance production, consumption, many different things. and I think the possibilities are endless,” Fine says. So endless, that in just a few months AI generated artworks have spread across the internet like wildfire and developers made a boatload of money for what seemed like an original idea. “Especially in the art space, we have lawsuits that have been taking place around representation and compensation. Artists are often having their art put into the data set to train those models without any notification and without any compensation, notice, or attribution,” Signal and Cipher CEO, Ian Beacraft told us. “People have put out their life's work onto the internet, and now these models have come along and scrapes the whole internet and said ‘we're just training it on everything.”’ Theft of intellectual property is hardly a modern problem, but leave it to the free market to come up with a modern solution. Image licensing companies like Getty (GETY) and Shutterstock (SSTK) are diving head-first onto the AI wave, using their massive image databases to build AI content generators and sharing the profits with contributing artists. “The way that people tell stories is continuing to evolve. At one point it was images, then it was video,and now it's music. Now it may be generated content,” says Shutterstock Chief Product Officer Meghan Schoen. So what does the future of creativity look like? Schoen says, “the way I describe it is you're sitting in a pitch meeting or trying to bring an idea to life and you may have a vision in your head of astronauts eating breakfast on Mars. In the past, how do you actually describe that to a roomful of creatives? To help them understand and conceptualize what you're talking about? Now, they can just describe that, get a visual, and now they're not starting from a blank piece of paper… and they can build stories on top of that.”

  • Here's what experts are saying about a possible 'April Surprise' for stocks

    Investors are feeling shell-shocked after a whirlwind first quarter of 2023, and more surprises may be on the horizon for Q2. We asked the experts for signs of a possible 'April Surprise' and what keeps them looking over their shoulder as the year rolls on. “The one that I’m still looking at is what happens geopolitically, what happens in Ukraine... and a derivative of that is what continues to happen with US-China relations." -Ann Berry, Threadneedle Strategies Founder "I think reality is going to set in that the earnings revisions aren’t enough, but the real thing that I think is going to be a problem is if we see a reversal of inflation coming down.” -Lee Munson, Portfolio Wealth Advisors President & CIO “The surprise going forward in the next few quarters could be that the economy drops off more than anticipated.” -Michael Darda, MKM Partners Chief Economist & Macro Strategist “It is our belief that focus would shift to fundamentals, shift to earnings, and on that front, we’re already seeing signs of margins compression, earnings contracting for the first time since late 2020." -Wei Li, BlackRock Global Chief Investment Strategist

  • OPEC's oil surprise: how the latest production cuts will impact Americans

    OPEC+ announcing surprise oil production cuts, sparking a surge in oil prices as analysts revise their price forecasts for the remainder of the year. Yahoo Finance asked 4 experts how the cuts will affect the global economy and ongoing price inflation. We spoke to The Energy Word Founder Dan Dicker, CFRA Research Chief Investment Strategist Sam Stovall, Kpler Lead Oil Analyst Matt Smith, and HSBC Global Head of Emerging Markets research Murat Ulgen. “Of course whenever you increase the price of the base product, crude oil, that goes into making gasoline, it’s going to get worse,” says Dan Dicker. Matt Smith explains further, “there’s some people who are pointing to this cut and saying look it’s going to be taking so much production out of the market through the rest of this year. It’s essentially a natural offset for the SPR release that we saw from the US last year. Regardless, OPEC is focused on stability in the market. They don’t want choppiness, they don’t want volatility." More Yahoo Finance coverage here: Oil price forecasts rise on Wall Street as OPEC cuts signal 'geopolitical posturing' Oil surges, Dow gains, tech sinks: Stock market news today OPEC is ‘going to be doing what’s in their best interest,’ analyst says

  • Here's what CEOs expect for Q2

    As the first quarter of 2023 comes to a close, we asked 4 CEOs what they expect to see in Q2. The chief executives of WeWork (WE), Trex Co. (TREX), Santander (SAN), and the incoming CEO of Lyft (LYFT), all joined Yahoo Finance to share their outlook for the coming quarter. Santander U.S. CEO Tim Wennes told Yahoo Finance LIVE, “the consumer is resilient today. We've still seen consumer spending holding up. We've seen continued activity in terms of borrowing, but there's a lot of uncertainty.” You can find full video interviews below: 'Efficiency is in the air': Incoming Lyft CEO WeWork: ‘This is our moment,’ CEO says U.S. housing market: The ‘higher-end consumer is still very active,’ Trex CEO says Trust, confidence ‘impacted’ by U.S. banking crisis, Santander CEO says

  • Will AI Take Your Job? How Artificial Intelligence is Shaping the Future of Work

    Generative AI, augmented intelligence, machine learning- these topics have dominated the conversation around tech in 2023, and by now we’ve all heard the rumors: AI is coming for your job, it will take your family, and it will eat the food off your dinner plate, but is there any truth behind this? To find out more, we went to the ground floor of the new tech sector, where technology meets culture, and the South meets the Southwest. Webster’s dictionary defines AI as “the simulation of human behavior in computers”. Sounds harmless right? But with the exploding popularity of generative chat bots like ChatGPT, many people are reexamining where they stand on the technological food chain. Ian Beacraft is one of the leading voices in deep tech and AI. His company, Signal and Cipher, teaches large companies how to adapt to new technology. “Generative ai is here. it's in everyone's palms and it's not going anywhere,” says Ian, telling Yahoo Finance that we’ve only scratched the surface of what AI can do. “We are at the very beginning of one of the biggest revolutions in knowledge work in human history and a lot of people look at this as a large step change in the way that we do our work… what we're doing is we are digitizing skills the same way that we mechanized physical labor in the industrial revolution… we're doing things at a scale, at a volume, and at a breadth that human minds aren't really capable of.” So, will the rise of AI lead to job losses? And if so, why should we embrace this technology? We met with Garry Kasparov, the former chess Grandmaster and Avast Security Ambassador, famous for his series of chess matches against the 1980’s supercomputer, “Deep Blue”. “Every new technology in the past has threatened jobs, actually destroyed jobs, destroyed industry before creating new opportunities,” Kasparov told us. “AI is not the exception. Machines made us stronger in the past, made us faster in the past… so, many jobs we are doing today, in my view, are like zombie jobs. They're already dead. They just don't know yet.” So far, our experts have not painted a particularly rosy picture for the future of mankind, so we went directly to the source. You know what they say- keep your enemies close. According to ChatGPT, “Artificial intelligence has the potential to greatly impact the future of humanity in both positive and negative ways. On the positive side, AI has the potential to improve many aspects of our lives, such as healthcare, education, and transportation.” That doesn’t sound too bad, but it goes on: “One major concern is that as AI systems become more advanced, they may become difficult to control, potentially leading to unintended consequences or even catastrophic outcomes.” Therein lies the concern, and why many in the tech industry are approaching AI with a good deal of caution. “People are getting freaked out. They’re saying ‘Hey, what is this thing? Can we trust it?’” “I see both sides of the argument. and, you know, in some ways, there is a lot of opportunity, but on the other hand, we also have to be careful, just like with any technology,” says Pulkit Agrawal, Assistant Professor of Computer Science at MIT. Instead of thinking of AI as a replacement for human beings, according to Pulkit, we should think of AI as a tool. Like the invention of the PC, artificial intelligence may actually improve our work and make humans more efficient in performing our day-to-day tasks. “If an AI system can look at CT scans, and make a diagnosis, is it going to replace a doctor or not? I would say no. I think the right way to implement the system is to make the system be an advisor to a doctor, because this AI system has looked at more CT scans than any doctor could have looked in his life,” Pulkit says. While the possibilities for AI may seem limitless, it could be the key to unlocking the potential of the human brain. More Yahoo Finance coverage here: At SXSW 2023, dealmaking carries on against banking crisis backdrop The surprising companies one firm thinks will benefit from the AI 'tidal wave' US Copyright Office opens door to protecting AI-assisted works

  • SVB testimony, inflation update, and earnings- everything you need to know for the week ahead

    SVB hearings, major economic data, and some heavy hitters reporting earnings. There’s a lot going on in the week ahead. Here’s what you need to know: For the first time, members of Congress will grill top banking regulators over the collapse of Silicon Valley Bank and Signature Bank. Top officials from the Federal Reserve, FDIC, and Treasury Department are expected to testify on Tuesday and Wednesday on Capitol Hill, as lawmakers try to get to the bottom of why the banks failed. Wall Street will be watching this week for the latest round of economic figures. We’re set to receive 2022 Q4 GDP (final), PCE inflation data, consumer confidence, and fresh information on the health of the housing market. And big time market movers Walgreens (WBA), Carnival Cruise Line (CCL), and Lululemon (LULU) are primed to post their quarterly earnings. Investors will want to keep a close eye for news coming out of those reports. Find more of the latest earnings headlines here.

  • Why Nick Jonas is raising awareness for diabetes at SXSW

    Superstar recording artist Nick Jonas shares his experience with diabetes and why he's using his platform to improve access to diabetes care. Nick joins Yahoo Finance Senior Reporter Allie Garfinkle from SXSW in Austin, TX to discuss how health technology like continuous glucose monitoring (CGM) is easing the burden of managing diabetes. Watch as Nick opens up about his partnership with DexCom (DXCM), fatherhood, and his struggle with diabetes.

  • What every Zscaler investor needs to know about the stock

    We often talk about movers, how companies are performing in the stock market, but we don’t always know what these companies do. And more importantly, what do investors need to know? We go behind the ticker: Zscaler (ZS) is a fast growing competitor in the cyber security and enterprise space, with a market cap of about $17 billion. According to its website, “Zscaler anticipates, secures, and simplifies the experience of doing business for the world's most established companies.” So what is it? Who’s using Zscaler’s software and services? Well, the company protects consumer data for Charles Schwab (SCHW), it created work-from-home platforms for government entities like the City of Los Angeles, and built e-commerce infrastructure for giant consumer goods manufacturer, Unilever (UL). As Zscaler CEO, Jay Chaudhry explained to Yahoo Finance, "The world has to move to adapt new technologies, like Zero Trust. That's the real answer. Many companies are making progress, and many are behind." Headquartered in San Jose, California, Zscaler operates in 185 countries around the world, with a workforce of more than 2500 employees. It trades under the ticker symbol (ZS), with shares up 270% since its first day of trading in 2018.  Zscaler’s flagship product is the ‘Zero Trust Exchange,' a cloud platform that’s distributed across more than 150 data centers around the world. "The way Zscaler was designed, it was assumed that the user could be working from anywhere and applications could be in data center, in factory. It's all in the cloud, so it doesn't matter because in the Zero Trust architecture, we don't put users on the network. We connect them like a switchboard," says Chaudhry. Like many pandemic darlings, like Cisco (CSCO), Okta (OKTA) and Cloudlfare (NET), the shares peaked in 2021 and have fallen more than 40% over the last year. Despite a poor performance in the stock market, Zscaler’s revenue has grown steadily since the pandemic due to the rise of hybrid work and a widespread transition to the cloud.

  • SXSW 2023: Austin becomes the global center for AI & deep tech

    There’s something in the air in Austin, Texas, and it’s not the sound of fans cheering on the Longhorns, the twang of a country guitar, or the smell of Texas BBQ. It’s South by Southwest, an annual celebration that’s billed as both a conference and a festival, or somewhere in the middle, but as organizers and veterans will tell you, ‘you just have to be there.’ It’s a mashup of film, music, tech, and culture. A place where you can watch Ironman lecture a crowd on cyber-security, receive healthcare advice from the Jonas Brothers, and watch a movie premiere in virtual reality, all in one afternoon. But why is this happening? And who’s going? Well, everyone- fans, entrepreneurs, thrill seekers, investors, and they’re all going for the same reason- they’re looking for the next big thing. For the first time in a long time, the tech sector is experiencing a transformation. You’ve read about it in the news, heard about it in the break room, and you’ve seen it with your own eyes on social media. I’m talking about AI and what some are calling “deep tech” – those scientific advancements which include innovations in areas like virtual reality and robotics. Between star studded conversations and out-of-this-world exhibits, SXSW will give us a sneak peak into the future and how these new technologies will change our economy and our world, from the way we work, to the way we play. We’ll be speaking to the top thinkers and up and coming entrepreneurs about what all of this means for both businesses and consumers, because we’re on the edge of a brand new era in modern technology, and SXSW is the main stage. Over the past few years, there’s been a shift in how we think about the tech industry and the emergence of a new capital city for American business. Tesla (TSLA), Apple (AAPL), Google (GOOGL), Oracle (ORCL)— why are the world’s most valuable companies all moving to Austin, Texas? Could it be the weather? The taxes? The food? Or maybe it’s the vibe? The answer lies at South by Southwest: Austin’s coming out party, at the conference and the festival, or somewhere in the middle.

  • What cautious spending means for the US economy: YF Explains

    U.S. consumer confidence fell to a three-month low in February as big retailers Target (TGT), Walmart (WMT), Best Buy (BBY), Lowe's (LOW), and Home Depot (HD) flash warning signs for 2023. Many executives and analysts point to a more cautious consumer, meaning those who are feeling the pinch of inflated prices are cutting back on spending across many sectors of the American economy. Target CFO Michael Fiddelke telling Yahoo Finance, "[in the first quarter] we saw a consumer that was feeling the impacts of inflation. Our strongest categories were categories like food and beverage, essentials, and beauty. And we saw slower trends in the categories like apparel and home." For our Theme of the Week, Yahoo Finance's Seana Smith, Julie Hyman, and Brian Sozzi take us through the challenges facing today's consumer.

  • The Biden Presidency: Year One

    A Yahoo Finance special program, airing live on Thursday January 20 at 4:30PM ET, to mark the one year anniversary of President Biden's inauguration.

  • Yahoo Finance Presents: Planet Earth in Crisis

    Please join Yahoo Finance on Monday, September 20 at 12PM ET for a special live presentation of ‘Planet Earth in Crisis’. Akiko Fujita takes a deep dive into the most urgent issue facing our planet today and speaks to some of the top figures in the fight against climate change.