Seana Smith

    Anchor

    Seana Smith co-hosts Yahoo Finance’s closing bell coverage from 3-5 p.m. ET. Previously, she anchored ‘The Ticker’ and ‘Midday Movers’ on Yahoo Finance, and spent time reporting from the floor of the New York Stock Exchange. Before joining Yahoo Finance, Seana worked as a writer and producer at Fox Business. Seana holds a master’s degree in economics and a bachelor’s degree in journalism with a minor in business from Lehigh University

  • FTC's suit against Kroger-Albertsons merger will have a 'chilling effect' on M&A activity

    The FTC’s bid to block Kroger’s $25 billion acquisition of Albertsons will have a ‘chilling effect’ on dealmaking activity.

  • Why Macy's turnaround 'will take time': Analyst

    Macy's (M) received a downgrade to Market Perform from TD Cowen, which slashed the retailer's price target to $20. The firm cites its excitement about the company's turnaround plans, which involve store closures and product changes. However, the firm notes the transition will take time, with negative growth forecasted through the year's end. TD Cowen Analyst Oliver Chen joins Yahoo Finance to discuss why he made the downgrade, sharing insight into Macy's operations moving forward. Chen contextualizes some of the challenges Macy's faces: "We have not been able to grow revenues at Macy's since 2022 or before, and this has been a problem...As we think about what's happening at Macy's, they really need to get the younger customer. Also, about half of their profitability is related to credit card income, and there's legislation that's happening there as well. Those are key risk factors. Product needs to improve, and they're working on the private label." 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 Nicholas Jacobino

  • AI rewards are for those making 'meaningful outcomes': Autodesk CEO

    Autodesk (ADSK) surged on Thursday after the company reported an 11% jump in revenue in its latest quarterly report. Autodesk CEO Andrew Anagnost joins Yahoo Finance Live to discuss the drivers of the software company's upbeat results. Anagnost says the company's diversity of use cases drives success, stating "we make software for people who make everything." He notes firms face "long-term capability challenges" lacking resources, allowing Autodesk to help them achieve sustainability goals and overcome "capacity challenges." Anagnost highlights Autodesk's "robust" business model where customers invest "from design to construction," saying the "life cycle solutions" are driving margins. On AI, he acknowledges the perpetual hype cycle on new technology darling, but stresses the "real rewards" go to those generating "meaningful outcomes." 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

  • Congress passes short-term spending deal: Key takeaways

    Late on Thursday, Congress passed a short-term spending deal designed to briefly extend government funding, pushing the deadline to pass a full-year spending package to March 8. President Biden is set to sign the deal later on Friday. Stifel Chief Washington Policy Strategist Brian Gardner joins Yahoo Finance to discuss where the president and elected officials will need to make compromises.  Gardner details one of the items standing in the way of progress: "There is a group of conservative Republicans who will not vote for anything. They're never going to vote for any of these spending bills. They're never going to get the concessions they want, and without those, they'll never vote for them. So, can [Mike] Johnson get enough of his Republicans on board to get these through? I think we're heading in the right direction. I feel a little bit better than I did a couple weeks ago about this, but the May 1 deadline to avoid sequestration is looming, so that is an issue. " 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 Nicholas Jacobino

  • Oil prices rise for second straight month

    February marked the second consecutive month of price gains for crude oil (CL=F, BZ=F). Yahoo Finance Senior Business Reporter Ines Ferré explains the key factors at play in the energy market, among them being core signals indicative of supply tightness. 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 Luke Carberry Mogan.

  • Why Paramount may be a sleeper hit

    US Equities (^GSPC, ^DJI, ^IXIC) have been on a tear in February due in part to major tech stocks. Many investors now look more broadly to see where else in the market there may be opportunities for portfolio additions. Ariel Investments Founder, Co-CEO, and CIO John W. Rogers Jr. joins Yahoo Finance to give his insight into stretched valuations and why Paramount Global (PARA) may be a bright spot in the market despite its recent disappointing performance. With the right partner, Paramount could expand its profitability, Rodgers Jr. explains: "The content is there. You look at them, go to the Paramount Studios where you've got 'Top Gun' and 'Mission: Impossible' and 'The Godfather' –– it's very, very valuable content. We think they'll be able to monetize that over time. They might need a partner. Most likely, they will need a partner, because it's hard to be sub-scale, competing against the giants. But we think that will be a possibility that will happen hopefully sooner rather than later." 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 Nicholas Jacobino

  • Tesla, Plug Power, SoundHound AI: Trending Tickers

    Tesla (TSLA) is rolling out incentives in its key Chinese market to stave off mounting competition there. It also opened its charging network to Ford (F) vehicles this week as a new revenue stream. Shares of energy company Plug Power (PLUG) fell as fourth-quarter results missed EPS estimates. However, CEO Andy Marsh notes the company aims to return to profitability this year despite current losses. SoundHound AI (SOUN) sees its stock slide after missing revenue expectations. While SoundHound narrowed losses, sales lagged behind analyst forecasts. 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

  • Record-setting rally reveals a changing macro picture

    US Equities (^GSPC, ^DJI, ^IXIC) have steadied following a record-setting rally in February. The gains across the market are largely attributed to the Magnificent Seven: Amazon (AMZN), Apple (AAPL), Alphabet (GOOG,GOOGL), NVIDIA (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA). As with any rally, many investors have begun to question the lifespan of these movements. Goldman Sachs Head of Asset Allocation Research Christian Mueller-Glissmann joins Yahoo Finance to discuss whether the concentration of gains in the Magnificent Seven presents a risk to the broader market. He also explains how the market is shifting toward reflation. Concerning the areas of the market that may perform well, Mueller-Glissmann affirms, "We've been leaning in our research a bit more towards consumer cyclicals because we see a lot of strength there, real income growth supporting consumers. There are selective industrials areas, like business services for example, has been an area we liked. It's still requiring a bit of a selective approach. The last thing I would say is smaller mid caps have been a favorite area to position for a bit more reflation because these type of areas tend to be more economically sensitive and have suffered a lot, they're quite cheap right now. That would be areas where you can look for, but we need to be completely fair. We need to see a bit of earnings news as well from those, because so far, its pretty early –– those green shoots." 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 Nicholas Jacobino

  • Change Healthcare payment systems stressed under cyberattack

    Change Healthcare — a subsidiary of UnitedHealth Group (UNH) — has been targeted by Russian-backed ransomware group Blackcat, locking providers out of operational systems for payments and prescription refills.  Yahoo Finance Health Reporter Anjalee Khemlani explains the details of the cyberattack as UnitedHealth is set to announce an update on the outage. 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 Luke Carberry Mogan.

  • Consumer sentiment falls in February: UMich Survey

    The University of Michigan's Consumer Sentiment reading fell short of estimates for the month of February, falling to 76.9 against an expected print of 79.6. Yahoo Finance Live highlights how consumers are feeling about the US economy from this data. 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 Luke Carberry Mogan.

  • 3 rate cuts are still achievable in 2024, economist explains

    With January's flat Personal Consumption Expenditures (PCE) print, investors worry about the data's potential impact on the Federal Reserve's rate cut policies. However, Cleveland Fed President Loretta Mester told Yahoo Finance that she still sees three rate cuts this year if the economy keeps "evolving" as expected. Bank of America Securities US Economist Stephen Juneau discusses this outlook on Yahoo Finance Live. Juneau says he is "leaning more towards" Mester's prediction of three rate cuts in 2024. As "economic momentum" progresses, he believes "disinflation can continue." Juneau also states this could be enough for the Fed to embark on a "very gradual cutting cycle." Juneau notes areas like used cars, apparel, and home furnishings are already seeing deflation. He thinks goods inflation will "subside" as time passes, without putting major downward pressure on inflation. Instead he believes this will allow for a "handoff" to categories like shelter and rent. 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

  • OpenAI turned Microsoft 'subsidiary': Elon Musk sues Sam Altman

    Tesla (TSLA) CEO Elon Musk has moved to sue OpenAI and CEO Sam Altman over what he alleges is a breach of contract. Musk claims the company is no longer following its original goal of helping humanity, instead focused on profits. "OpenAI has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft," the lawsuit states. Yahoo Finance Anchors Brad Smith and Seana Smith break down this latest development in the relationship between Musk and Altman. 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 Nicholas Jacobino

  • NYCB's commercial real estate exposures among 'key concerns'

    New York Community Bancorp (NYCB) announced recent "internal controls" concerns amid a CEO shakeup — Executive Chairman Alessandro DiNello will step up as both president and CEO. The regional bank's share price plunges further into Friday's trading session. David Chiaverini, Wedbush Managing Director of Equity Research — Mid-Cap & Regional Banks, sits down with Yahoo Finance Live to talk about major concerns surrounding NYCB's customer deposit flows and commercial real estate exposures. "The main risk in New York Community's portfolio, at least in our view, is their rent-regulated multi-family exposure, which is 22% of total loans. That is far and away the highest in our coverage, the next highest is 5% — so a big step down," Chiaverini explains. "So it does seem to be idiosyncratic to New York Community Bank, at least on an acute basis. Now will CRE be a headwind for the overall banking industry? Yes, absolutely, but the rest of the industry will have a runway to set aside reserves as we go." 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 Luke Carberry Mogan.

  • Fisker stock drops on production miss, layoffs

    Shares of Fisker (FSR) are dropping in pre-market trading as the EV maker warned it will cut 15% of its workforce. The automaker also missed its production target of 13,00 vehicles, amounting to losses of 37%. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for Fisker, including its move toward a dealership model. 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 Nicholas Jacobino

  • FuboTV stock jumps on record North American subscribers

    Shares of fuboTV (FUBO) are jumping in pre-market trading as the company revealed a new record for paid subscribers in North America. The company also posted a 29% gain in revenue compared to the same levels a year ago. Yahoo Finance Anchors Brad Smith and Seana Smith break down how fuboTV is improving on key metrics amid its antitrust lawsuit. 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 Nicholas Jacobino

  • Stocks: Will the rally sustain itself after strong February?

    Coming off of a strong February finish, what factors and economic conditions could enable stocks (^DJI, ^IXIC, ^GSPC) to maintain their rally into March? Yahoo Finance Live takes a look at core market themes, including earnings results and the Federal Reserve's interest rate strategy. 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 Luke Carberry Mogan.

  • How Salesforce is seriously investing in itself

    Shares of Salesforce (CRM) are moving up as the company reported fourth-quarter earnings, posting adjusted earnings per share of $2.29 versus an expected $2.27. The company did, however, forecast a weak sales growth of only an estimated 8.6% growth. In addition, the company announced it will eventually be issuing dividends to shareholders. Macquarie Head of AI & Software Research Fred Havemeyer joins Yahoo Finance to discuss Salesforce's earnings and what to expect from the company going forward. Havemeyer speaks on the shareholder dividend news: "With the addition of a dividend here and the company also consistently returning capital to investors through buybacks, what we're seeing is that we believe Salesforce here is really showing their dedication to deploying their cash flows in ways that are rewarding investors and their confidence in Salesforce. And so, where the company is focusing again on profitability and cash flows, and growing those cash flows nicely, north of 20% year-over-year in 2025, fiscal '25, they see this as an opportunity to return more cash to shareholders." He continues: "It adds a very nice aspect to this story, that you can follow along for the growth, for the upside from AI, but you're also being rewarded with both more margin, more profitability, more cash flows, and at the end of the day, more cash being returned to investors." 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 Nicholas Jacobino

  • Choice Hotels stock is a 'win-win': Analyst

    As part of Yahoo Finance's Travel Guide 2024: Industry Insights special, Baird Senior Research Analyst Michael Bellisario sharwes his top hotel stock pick: Choice Hotels (CHH). He calls Choice a "win-win" situation. If Choice's acquisition of Wyndham Hotels & Resorts (WH) is approved, Bellisario sees significant synergy given that "bigger is better" in the hotel franchising industry. Even if the deal fails, he values Choice's "stand-alone" plan due to its strong balance sheet and earnings recovery. Bellisario notes brands like Marriott (MAR) and Hilton (HLT) benefit from business travel loyalty. However, Choice and Wyndham rewards are more "immediate" while appealing to lower-end leisure guests. Still, merging could boost loyalty and rewards across both brands. 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

  • CRH stock soars during infrastructure spending boom: CEO

    Shares of building materials supplier CRH plc (CRH) reached a record high despite mixed earnings results. While CRH missed on revenue, it beat adjusted EPS estimates. CEO Albert Manifold joins Yahoo Finance Live to discuss drivers of the company's growth. Manifold notes they are in their "tenth consecutive year of profit and margin growth" as the business is "humming." Amid inflation, CRH is focused on "increasing the value" beyond commodities for consumers. He highlights CRH's exposure to infrastructure, which is now seeing government spending increase after years of underinvestment. Infrastructure comprises 50% of sales while 25% is non-residential, limiting interest rate sensitivity and fueling gains. 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

  • Nutanix CEO: Cloud demand driven by push to go digital

    Cloud computing and software company Nutanix (NTNX) blew past its fiscal second-quarter earnings results, posting gains of $0.46 per share. Nutanix CEO Rajiv Ramaswami joins Yahoo Finance Live to discuss the company's guidance and avenues for growth. Demand is "it's more fundamentally driven by the fact that every company out there is going digital. And as they go digital, it's modern applications that they have to go build, and they need a model platform to run those applications," Ramaswami says. "And those applications and the data they need and consume and generate are everywhere... They're running it in their data centers... and even when you look at some of the most modern new things they're doing with generative AI, it's the same story." 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 Luke Carberry Mogan.