Yahoo Finance

  • Dollar Tree, Salesforce, Foot Locker: Earnings winners, losers

    A number of companies across the retail and tech landscape reported quarterly earnings this week. Yahoo Finance spoke to experts across the industry to discuss Dollar Tree (DLTR), Foot Locker (FL), Salesforce (CRM), Snowflake (SNOW), and Workday (WDAY). Here is everything investors need to know, including the winners and losers from this week's results. Dollar Tree (00:00:03) Brad Thomas, KeyBanc Capital Markets Managing Director, remains positive on Dollar Tree's outlook after the company's quarterly results. Thomas said, "That fourth quarter guidance from an earnings standpoint was certainly encouraging, driven primarily by ongoing strength that the Dollar Tree banner continues to show some nice share gains." Foot Locker (00:00:35) Janine Stichter, BTIG Consumer Retail and Lifestyle Brands Analyst and Managing Director, discussed the possible growth opportunities for Foot Locker, despite concerns over consumer spending and inventory levels. Stichter explained, "Whereas for most companies who've reported through the Q3 reporting cycle saw a deceleration from August into September into October, Foot Locker saw the opposite." Salesforce (00:01:09) Essex Investment Management Co-CEO Nancy Prial thinks that Salesforce is showing progress, backed by its development of AI technology. Prial said, "We've got the very beginnings of their entry into really using AI technology and using generative AI to allow their customers to really monetize and get a lot more value out of all of the data that's embedded in their CRM systems." Snowflake (00:01:36) Yahoo Finance's Julie Hyman broke down Snowflake's quarterly earnings, highlighted by product revenue growing 34 percent year-over-year. Hyman said, "We're still seeing from these big companies, pretty impressive growth." Workday (00:01:54) Mizuho Managing Director Siti Panigrahi had a positive outlook after Workday's Q3 earnings. Panigrahi said, "They're exhibiting well with new management, new CEO, new CFO. I think the company is executing really well." Video highlights: 00:00:03 - Brad Thomas, KeyBanc Capital Markets Managing Director 00:00:35 - Janine Stichter, BTIG Consumer Retail and Lifestyle Brands Analyst and Managing Director 00:01:09 - Essex Investment Management Co-CEO Nancy Prial 00:01:36 - Yahoo Finance's Julie Hyman 00:01:54 - Mizuho Managing Director Siti Panigrah

  • Pending home sales hit lowest level in more than two decades

    Pending home sales fell by 1.5% month-over-month in October, according to data released by the National Association of Realtors. The Pending Home Sales Index fell to 71.4, the lowest reading since the index was created in 2001. The Northeast was the only region to show monthly gains. NAR Chief Economist Lawrence Yun says in a statement that "limited housing inventory is significantly preventing housing demand from fully being satisfied." Yahoo Finance Lice breaks down the report in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • 'Grand Theft Auto' trilogy to hit Netflix on December 14

    Iconic Grand Theft Auto games are coming to Netflix, with GTA III, GTA: San Andreas and GTA: Vice City available for streaming via the Netflix (NFLX) mobile app beginning December 14. Yahoo Finance's Dan Howley, Josh Schafer and Alexandra Canal discuss how adding the blockbuster gaming franchise could benefit Netflix's interactive entertainment push. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Charlie Munger on Apple, Amazon, inflation, crypto, and more

    Legendary investor Charlie Munger died on November 28th at the age of 99. He served not only as Berkshire Hathaway's (BRK-B) Vice Chairman, but as Warren Buffett's right-hand man for nearly six decades. Over the years, Yahoo Finance has had the opportunity to sit down one-on-one with him to discuss everything from inflation to crypto. Here's a look back at his expert insight and advice as we commemorate his monumental legacy. Charlie Munger on Berkshire Hathaway deals (00:00:25) "I can't think of a single example in my whole life where keep keeping it simple has worked against us," Munger said. "We made mistakes but they weren't because we kept it simple." Charlie Munger on investment advice to younger generations (00:00:55) "To flit around to various careers and go into the other fellow's professional territory and try and outdo him and do all kinds of things like that, I think will not work for most people," Munger explained. "A young man goes to see Mozart and says, Mozart, I want to start composing symphonies. And Mozart said, how old are you? And the guy says, 22. And he says, you're too young to do symphonies. And the guy says, yes, but you were 10 years old when you were composing semis. And Mozart says yes, but I wasn't running around asking other people how to do it." Charlie Munger on boom or bust economy (00:02:02) "The economy sometimes booms and sometimes it doesn't," Munger said. "We just keep swimming, and sometimes the tide is with us, and sometimes the tide is against. But we keep swimming either way." Charlie Munger on the Federal Reserve's decisions on national debt (00:02:20) "There comes a time when printing money is counterproductive," Munger explained. "I don't think we are at that point, but nobody knew when the point was going to come. And we don't know now." Charlie Munger on wealth and income inequality (00:02:53) "Nobody was trying to make the rich richer," Munger said. "It just was an accidental byproduct of a correct governmental decision made on a bipartisan basis." Charlie Munger on Amazon, admiration of Jeff Bezos (00:03:54) "I've never owned a share of Amazon (AMZN). I'm a huge admirer of Bezos," Munger explained. "It's always been too complicated and uncertain for my particular temperament." Charlie Munger on Apple, investing in tech stocks (00:04:19) "I think Apple (AAPL) is one of the strongest companies in the world. I judge the strength of the company based on how much the customers love it," Munger said. "That's a hugely powerful position to be in. And I think Apple is one of the strong companies and will stay a strong company." Charlie Munger on inflation amid geopolitical risk (00:05:04) "Inflation is a very serious subject," Munger explained. "If you look at the Roman Republic, and even after they went to a empire with an absolute ruler, they inflated the currency steadily for hundreds of years, and eventually the whole damn Roman empire collapsed. So it's the biggest long run danger we have, probably apart from nuclear war." Charlie Munger on the Federal Reserve's reaction to inflation (00:05:57) "The reaction this time was bigger than it's ever been before in the history of the United States," Munger said. "They just threw money at the problem, and they were probably right to fear what was going to happen and to throw money at it. But they probably overdid it a little." Charlie Munger on cryptocurrency, the future of Bitcoin (00:06:28) "It's an ideal currency if you want to commit extortion or kidnapping or protection or something," Munger explained. "Why should a civilized government want an ideal untraceable technology to come into the payment system run by a bunch of people who want to get rich quick for doing very little for civilization? Of course. I hate it." Charlie Munger on the widening economic gap post-pandemic (00:07:27) "Of course it creates tension. People are not motivated by greed, they're motivated by envy. It's the nature of our species," Munger said. "It'll never go away as long as you have human beings." Check out more coverage on Charlie Munger by Yahoo Finance: • Charlie Munger and Warren Buffett: The power of partnership • Munger-Buffett legacy cannot be easily reproduced • Berkshire's Charlie Munger was 'just as powerful' as Buffett • Remembering Charlie Munger's positions on crypto, China • How Charlie Munger found value investing success • How Buffett has prepped investors for a Berkshire without him

  • Why Amazon's AWS is so focused on chips

    Amazon's AWS (AMZN) made a series of AI-related announcements at its annual re:Invent conference, including a new AI chatbot called Q and an expansion of their relationship with Nvidia (NVDA). The company also announced a series of new chips, including the AWS Graviton4 and AWS Trainium2. As AWS CEO Adam Selipsky tells Yahoo Finance's Allie Garfinkle in the video above, the chips are a part of the company's push to improve price performance, especially given that customer needs are growing. "These workloads, thees things that customers want to do aren't going to be economically feasible unless we keep on dramatically improving price performance," Selipsky says. 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.

  • Tesla Cybertruck: Top 4 things investors need to know

    The Tesla (TSLA) Cybertruck delivery event is scheduled to take place on Thursday, November 30.Ahead of the EV giant's first new vehicle in almost four years, here is everything you need to know.1. Price (00:00:18) A starting price of $40,000 was announced back in 2019, with two higher-performance models that would cost $49,900 and $59,900. However, those prices vanished from the Cybertruck website in 2021, and an official price has been difficult to find.Tom Narayan, RBC Capital Markets Lead Equity Analyst of Global Autos, shared his thoughts on Tesla CEO Elon Musk and Cybertruck pricing. Narayan said, "His goal is to make it affordable ... it's going to be challenging to make this profitable given how technologically advanced it is." 2. Demand (00:00:51) Tesla received over 250,000 reservations for the Cybertruck within a week of its unveiling. The Cybertruck currently has over 1.5 million existing reservations.Tasha Keeney, ARK Invest Director of Investment Analysis & Institutional Strategies, remained optimistic regarding the demand for the Cybertruck. Keeney said, "Some people think this will be a niche vehicle platform. I don't think so ... I'd see more trouble for Ford (F) ahead as Cybertruck production rolls out." 3. Tech Specs (00:01:19) Some specs were highly publicized like shatter-resistant glass and a stainless steel exterior.Cybertruck allegedly has a towing capacity of 11,000 pounds – more than 1,000 pounds more than Ford's F-150 Lightning – and 2,500 pounds of payload capacity.The Cybertruck's frunk – the nickname given to the extra storage space in the front of EVs where an engine would go – appears to be smaller than the F-150 Lightning.4. Production (00:01:49) Tesla CEO Elon Musk said during an October third-quarter earnings call that "we dug our own grave on the Cybertruck," warning that the production has been an enormous challenge. Tesla plans to deliver only 10 Cybertrucks during its event on Thursday.David Undercoffler, Autolist Editor-in-Chief, had questions about how the Cybertruck would fare in the current market. Undercoffler said, "I would be very surprised if the actual Cybertruck hit the road in the next year to 18 months and it had a starting price of anything lower than $60,000. That is an expensive proposition right out of the gate" Video highlights: 00:00:37 - Tom Narayan, RBC Capital Markets Lead Equity Analyst of Global Autos 00:01:05 - Tasha Keeney, ARK Invest Director of Investment Analysis & Institutional Strategies 00:02:05 - David Undercoffler, Autolist Editor-in-Chief

  • Cyber Monday, Black Friday spending: State of the consumer

    Cyber Monday online spending could surpass $12 billion, the biggest US e-commerce shopping day ever, according to Adobe (ADBE). Meanwhile, holiday shoppers spent a total of $10.3 billion over Cyber Weekend, according to Adobe Analytics. Yahoo Finance spoke to experts to break down the state of the consumer with regard to the retail industry, entertainment, and everything investors need to know. Yahoo Finance Senior Reporter Brooke DiPalma discussed some of the record numbers this holiday season and what consumers need to watch with regard to sales. DiPalma said, "Really this period of 32 days does provide a longer timeline for shoppers to get their shopping done, and once again, they're waiting for the right price." Adobe VP of Growth & Insights Patrick Brown broke down the widespread discounts this holiday season and the increased usage of buy now, pay later flexibility services. Brown explained, "People are seeing bigger discounts, they're leveraging credit in different ways to defer payments to be able to take advantage of some of those good deals that they are seeing." SAP Emarsys Global Product Marketing Head Kelsey Jones notes that "retailers have been starting their campaigns earlier than ever this year," which is "really creating a bigger opportunity for retailers." Jones said, "It gives them an opportunity to not only find new customers now with the right discounts and the right offers, but then extend those to loyal customers as they go throughout the holiday season and into the new year." Box Office Guru Founder and Editor Gitesh Pandya broke down another lackluster holiday box office performance. Disney's (DIS) Wish was beat out by Ridley Scott's historic biopic Napoleon, released jointly through Columbia Pictures (SONY) and AppleTV+ (AAPL), as well as Lionsgate's (LGF-A) The Hunger Games: The Ballad of Songbirds and Snakes. Pandya explained, "The good news is this is the first time that the top ten over Thanksgiving weekend broke $100 million since 2019." Yahoo Finance Senior Reporter Alexandra Canal expressed some optimism with the holiday box office numbers. Canal said, "Consistently we used to see this weekend pull in $250 million or more, and we haven't seen that since 2019 ... The (Hunger Games) prequel doing very well, securing $42 million, followed by Napoleon, $32.5 million, that was a surprise from Apple and Sony. Perhaps this is a good encouraging sign moving forward." Video highlights: 00:00:03 - Yahoo Finance Senior Reporter Brooke DiPalma 00:00:27 - Adobe VP of Growth & Insights Patrick Brown 00:01:06 - SAP Emarsys Global Product Marketing Head Kelsey Jones 00:01:37 - Box Office Guru Founder and Editor Gitesh Pandya 00:01:52 - Yahoo Finance Senior Reporter Alexandra Canal

  • Do Americans still believe in the American Dream?

    A recent Wall Street Journal survey found that only 36% of Americans still believe the American Dream is achievable. "The American Dream is the ideal that anyone in this country who works hard can get ahead and improve themselves economically", explains Wall Street Journal Reporter Aaron Zitner. When polling Americans about this, Zitner identified both short and long-term concerns challenging this dream. In the near term, high inflation and mortgage rates pose the biggest obstacles. As one respondent noted, individuals do have the capability to work harder, however, "with inflation the way it is, I can work harder, but I'll stay just where I am because I have to make up for inflation." Additionally, Zitner notes to Yahoo Finance how participants pointed to "structural changes in the economy" that have deteriorated the security previous generations enjoyed. This includes declines in pensions and retirement benefits provided by companies and unions. Such support beams enabled "the American Dream" in decades past which respondents feel are now missing in the long-term outlook. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Earnings: Nvidia, Zoom, Abercrombie among winners, losers

    Major companies, including Zoom (ZM), Best Buy (BBY), Dick's Sporting Goods (DKS), Nordstrom (JWN), Abercrombie & Fitch (ANF), and most notably, Nvidia (NVDA), reported third-quarter earnings on Tuesday. Yahoo Finance spoke to experts across the industry to discuss everything investors need to know, including the winners and losers from this week's results. Nvidia (00:00:25) Nvidia reported adjusted earnings of $4.02 per share, well above the expected $3.36. Moor Insights and Strategy CEO and Chief Analyst Patrick Moorhead said, "They can name their price. And it's in a supply constrained environment. I think Nvidia could have done even better." Zoom (00:00:48) Zoom reported adjusted earnings of $1.29 per share compared to estimates of $1.10, and raised its 2024 outlook. "In our online segment, we announced 3.0% trim, which is the lowest we've ever reported," Zoom CFO Kelly Steckelberg said. "We're really excited about the progress that we're making there and look forward to ongoing stabilization in our online segment." Dick's Sporting Goods (00:01:21) Dick's Sporting Goods reported a third-quarter earnings beat and raised its full-year outlook. Wells Fargo Equity Research Analyst Will Gaertner said, "They clearly have momentum going into the holiday. We'll see what happens in the holiday, obviously the most important quarter for them." Best Buy (00:01:42) Best Buy reported a fall in comparable sales for the eighth straight quarter. Wedbush Securities Managing Director Seth Basham said, "It's simply a case of consumers spending less on big ticket discretionary items. We saw this trend accelerate after Labor Day, and Best Buy is right in the throes of that." Nordstrom (00:02:03) Nordstrom reported mixed third-quarter results, with adjusted earnings of $0.25 per share compared to estimates of $0.12. However, net sales of $3.20 billion fell short of the expected $3.36 billion. "Clearly Nordstrom sales are quite weak. A sales decline of 7% is quite weak," Morningstar Analyst David Swartz said. "So Nordstrom sales were pretty weak even compared to pretty low expectations." Abercrombie & Fitch (00:02:17) Abercrombie & Fitch reported a revenue of $1.06 billion, up 20% over the same period last year. Shares of the company are up over 211% year-to-date. Abercrombie & Fitch CEO Fran Horowitz said, "Abercrombie adults, super super exciting, the 11th consecutive quarter of growth. I think that's a testament to a lot of things. The fact that we've expanded our age cohort, we've expanded our category offerings, we're seeing success around the world." Video highlights: 00:00:03 - Yahoo Finance Reporter Josh Schafer 00:00:25 - Moor Insights and Strategy CEO and Chief Analyst Patrick Moorhead 00:00:48 - Zoom CFO Kelly Steckelberg 00:01:21 - Wells Fargo Equity Research Analyst Will Gaertner 00:01:42 - Wedbush Securities Managing Director Seth Basham 00:02:03 - Morningstar Analyst David Swartz 00:02:17 - Abercrombie & Fitch CEO Fran Horowitz

  • Thanksgiving: Travel, retail, market impact, and more

    A record number of travelers are expected this holiday season. The Transportation Security Administration (TSA) expects 30 million airline passengers, and AAA forecasts more than 55 million total travelers. Consumers also plan to spend an average of $567 during Black Friday and Cyber Monday sales. So what does this all mean for the economy, and what is the potential market impact? Yahoo Finance spoke to experts and analysts across the industry to answer these questions and more. Travel (00:00:03) AAA Northeast Senior Manager Robert Sinclair broke down what is expected to be a historic Thanksgiving travel season. "It's the third biggest Thanksgiving travel period ever (behind 2019 and 2005)," Sinclair said. "Now, we're still rebounding from the pandemic and here we are." Airline ticket prices have fallen 14% year-over-year for Thanksgiving-related bookings. Hopper Lead Economist Hayley Berg discussed what that means for airline travel around the holidays. "We're still expecting a very busy holiday season," Berg said. "We're still seeing strong demand, expecting about 15 percent more passengers to be flying over Thanksgiving." Retail (00:01:14) Heading into Black Friday and Cyber Monday, Stacey Widlitz, SW Retail Advisors Chief International Store Hunter, discussed the state of the consumer and what to expect from retailers. Widlitz explained, "Going into these holidays, we might see a little less promotions across the board as usual ... but again I do think this year, that makeshift toward necessities will continue." Butterball CEO Jay Jandrain broke down consumer trends around Thanksgiving and what to expect in 2023. "Demand is great. We're seeing certainly a return to bigger celebrations," Jandrain said. "So it's great to see that people are getting back to normal again, and looking for bigger gatherings, which means they're probably going to be looking for a bigger turkey." Market impact (00:02:24) Yahoo Finance's Markets Reporter Jared Blikre broke down historical trends by index during the week of Thanksgiving. Blikre explained, "For the S&P 500 (^GSPC) on Monday, historically this is a day of losses ... things turn positive for the rest of the week. For the Nasdaq (^IXIC), all four week days are positive, and then for the Russell 2000 (^RUT) ... they actually have the highest gains on average." Yahoo Finance Live host Rachelle Akuffo discussed the increasing use of weight loss drugs, like Novo Nordisk's (NVO) Wegovy and Ozempic, and the impact that it could have on the consumer this holiday season. Akuffo explained, "This is a growing industry that's estimated to make about $100 billion in sales by 2030, but will this Thanksgiving be the canary in the coal mine for how Americans' eating habits are changing?" Video highlights: 00:00:03 - AAA Northeast Senior Manager Robert Sinclair 00:00:37 - Hopper Lead Economist Hayley Berg 00:01:14 - Stacey Widlitz, SW Retail Advisors Chief International Store Hunter 00:01:46 - Butterball CEO Jay Jandrain 00:02:24 - Yahoo Finance's Jared Blikre 00:02:54 - Yahoo Finance's Rachelle Akuffo

  • Thanksgiving market: How stocks typically perform this week

    While most Americans are gearing up to eat some turkey, watch the Macy's Thanksgiving parade, and find the best Black Friday discounts, many investors will still be eyeing the market. Luckily for them, the stock market has surprisingly given decent returns if they decided to invest during the week of Thanksgiving. Yahoo Finance Reporter Jared Blikre joins the Live show to break down the numbers and show how historically investing in the market during this holiday can garner some returns sweeter than cranberry sauce. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Holiday shopping: What you need to know

    The 2023 holiday shopping season will soon be in full swing with Black Friday in a few days. The National Retail Federation is predicting holiday spending to slow the most in five years, as the NRF forecasts three to four percent growth from last year. Yahoo Finance spoke to industry experts and analysts to discuss what we expect to see from consumers this holiday shopping season, amid inflation, high interest rates, and the resumption of student loan repayment. eToro Global Market Strategist Ben Laidler explained how the “holiday season is the next big test.” Although sales are only “up three, four, five percent,” Laidler notes, “it’s still a pretty good number.” Stacey Widlitz, SW Retail Advisors Chief International Store Hunter, noted that “consumers are spending on necessities.” Consumers are still feeling the pressure as food prices are up and remain stagnant, Widlitz explains, they’re “still spending on their basics and… you’re going to see a lot of that this holiday season.” Tanger Outlets (SKT) CEO Stephen Yalof discussed the importance of pricing for consumers going into the holiday shopping season. Customers are “looking for the best possible price on the brands they love,” Yalof says. Walmart (WMT) CFO John David Rainey explained how the company has “seen pretty good strength” around holiday shopping events. “The consumer is being discerning, maybe choiceful, and buying these more discretionary items, these larger ticket items, and they’re leaning into these promotional or holiday type events to buy those items,” Rainey noted. Natalie Kotlyar, BDO Retail & Consumer Products National Industry Leader, notes that consumer resilience is “a couple stages behind and it’s going to catch up.” Kotlyar believes that “it’s going to catch up during the holiday season and we’re going to see consumers starting to pull back,” as “the average consumer is strapped for cash, they have a fixed budget, and they’re really trying to fit in everything that they need to buy.” Video highlights: 00:00:23 - eToro Global Market Strategist Ben Laidler 00:00:34 - SW Retail Advisors Chief International Store Hunter Stacey Widlitz 00:00:51 - Tanger Outlets CEO Stephen Yalof 00:01:01 - Walmart CFO John David Rainey 00:01:25 - BDO Retail & Consumer Products National Industry Leader Natalie Kotlyar

  • Kill the motor: Sustainable boating is ready to set sail

    The sustainable boating market is still nascent, thanks to a tough economic climate for companies and technological challenges such as developing the lighter-weight batteries that are needed to run the boats’ more powerful electric motors. But like EVs, electric-powered boats are increasingly ready for open waters. The electric boat market alone is expected to grow to $7.7 billion by 2030, more than doubling the current market. So how can investors play the growing sustainable boating space? Citi Leisure and Travel Analyst James Hardiman suggests Brunswick (BC). “They have a regular business between their boats, their engine business, and then their parts and accessories, which are sort of the cash cows, right, and that allows them to invest in future technologies, and ultimately future-proofing their business,” Hardiman says about Brunswick’s investments in sustainable boating technologies, specifically electrification. Sustainable fuels, like eFuels, are another green alternative poised to play a role in the future boating industry. “There’s about 12 million registered power boats in the United States today that are going to rely on liquid fuels for quite some time,” says Jeff Wasil, Director of Environmental Health and Safety Compliance with the National Marine Manufacturers Association. eFuels work with traditional boating infrastructure while providing reliable power, which makes it a viable option not only for existing recreational boats but also for larger cargo ships. Check out the full episode of Next, which includes a hands-on with Brunswick’s Mercury Avator line of electric outboard motors.

  • Nvidia earnings: What investors should watch

    Nvidia (NVDA) will be reporting third-quarter earnings after the bell on Tuesday, the last of the Magnificent Seven stocks to report. Many investors have high expectations for the company’s upcoming earnings report and are wondering how it will impact markets, as Nvidia shares are up over 200 percent year-to-date. The company’s outlook will also be in focus amid chip export restrictions to China. Yahoo Finance spoke to industry experts to break down what to watch from the company’s report. Stifel Applied Technology Analyst Ruben Roy explained why he believes Nvidia will have at least “several quarters ahead… where we have quite robust results coming up.” “We haven’t seen any slowdown to… the momentum that Nvidia’s seeing on orders for their high-end chips… [and] large language model training networks and we expect that to continue into year end and into next year,” Roy says. Although supply constraints impacted some of Nvidia’s sales, “we expect those supply constraints to start to ease as we get into the end of the year.” ARK Investments Founder, CEO, and Chief Investment Officer Cathie Wood breaks down why the flagship strategy does not own Nvidia. Although “Nvidia has been the enabler of these amazing breakthroughs in AI,” Wood says, people “are not thinking about who the prime beneficiaries are going to be.” “Every stock in our portfolio, practically, is there with AI as a reason” and there are four commonalities between the stocks, Wood explains, they each have “deep domain expertise… brought in AI expertise… good distribution… [and] proprietary data.” The Citadel Professor Paul Meeks discusses what he’s worried about from Nvidia’s upcoming earnings. “I am worried that we have a repeat this quarter of what we had last quarter, where they also crushed the numbers and gave pretty good guidance… yet the stock took quite a pit,” Meeks explains. Video highlights: 00:00:27 - Why Ruben Roy believes Nvidia will see robust future quarters 00:00:59 - Why Cathie Wood’s flagship strategy doesn’t own Nvidia 02:24 - Paul Meeks' worry for Nvidia stock More Yahoo Finance Nvidia earnings coverage Nvidia earnings: OpenAI drama, record high stock price set the table for key report

  • Thanksgiving: TSA expects record number of holiday travelers

    During the Thanksgiving travel season — which runs from November 17 through November 28 — the Transportation Security Administration (TSA) expects to screen about 30 million airline passengers. TSA Administrator David Pekoske stated: “We expect this holiday season to be our busiest ever. In 2023, we have already seen seven of the top 10 busiest travel days in TSA’s history." Yahoo Finance Reporters Pras Subramanian, Josh Schafer, and Alexandra Canal break down the latest with holiday travel and what to expect this week. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Microsoft hires Sam Altman: Top things you need to know

    Former OpenAI CEO Sam Altman joined Microsoft (MSFT) on Monday morning, just days after he was ousted by OpenAI's board. So what does this move mean for investors, the future of AI technology, OpenAI, and Microsoft? Yahoo Finance spoke to experts across the industry to break down the top things you need to know about the move. 1. Outlook for Microsoft Yahoo Finance's Seana Smith and Brad Smith broke down the Altman hire and what it means for company outlook. Seana Smith said, "The ability of Satya Nadella, the CEO there, to court Sam Altman in such a timely manner, I think largely viewed as a huge win at this point." 2. Microsoft's AI technology RBC Capital Markets Software Equity Analyst Rishi Jaluria believes the move is "a huge coup for Microsoft." Jaluria added, "I think the pace at which Microsoft continues to develop their own tech that will probably be competitive with OpenAI, I think that will accelerate." 3. Microsoft's 'carte blanche' to IP NYU Professor of Technology, Operations, and Statistics Vasant Dhar sees the move as Microsoft having "carte blanche" on access to OpenAI's intellectual property through its development team behind its artificial intelligence model. Dhar explained, "Altman is going to go there. [OpenAI President Greg] Brockman is going to go there. I bet a bunch of employees will go there because this is an area where relationships really matter ... expect to see a fair amount of IP just sort of walk out and walk into Microsoft." 4. Altman's leadership style Macquarie Lead Equity Analyst Fred Havemeyer thinks that "the team building aspect is one of the most critical things to discuss." Havemeyer explained, "One of the reasons that the engineers and teams at OpenAI appear so ready to join him is from what we've been hearing, the general loyalty that he inspires among the teams that he's been building ... to produce the best technology possible."

  • Apple rolls out texting updates for messaging Android phones

    Apple (AAPL) unveiled several updates to its text messaging system, allowing for easier communication with Android (GOOG, GOOGL) phone users. Yahoo Finance's Pras Subramanian, Alexandra Canal, and Josh Schafer chat about this and the social "ramifications" of receiving a green bubble text from Android owners. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Amazon ties office time to promotions: Report

    Amazon (AMZN) is warning that employees who do not comply with 3 day-a-week office requirements may not get promotions, according to a report from CNBC. Yahoo Finance’s Josh Schafer, Alexandra Canal, and Pras Subramanian weigh in on this new policy and what this could mean for employees who enjoyed flexibility as remote workers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Healthcare highlights: Amazon, YouTube, AI, weight loss drugs

    Healthcare affordability and access represent some of the biggest challenges Americans face everyday. What if I don’t choose the right insurance provider? Are healthcare executives feeling confident about the global economy, their local environment, or even their own companies? Yahoo Finance's Anjalee Khemlani spoke to experts across the industry to answer these questions and more as part of the weekly series "Healthcare: Industry Checkup." SCAN Group & Health Plan President and CEO Sachin Jain broke down the evolution of healthcare since the COVID-19 pandemic. "These large institutions that people typically relied on for care were local and people felt like they had a real relationship with them, Jain said. "Today people are increasingly accessing care through virtual means as well as through other channels." YouTube (GOOGL) recently announced it will elevate quality control and address medical information with the help of the experts. Google Chief Clinical Officer Michael Howell explained, "We worked with groups like the National Academy of Medicine to define the key aspects of what makes something a credible source and then ... began to operationalize those inside of YouTube." Aflac (AFL) US Chief HR Officer Jeri Hawthorne discussed the top things you need to know to prepare for open enrollment. Hawthorne said, "My advice for families is to actively review, become educated consumers, and think about healthcare planning almost like you're thinking about financial planning." Daryl Tol of General Catalyst broke down the transformation of healthcare, as non-traditional companies like Amazon (AMZN) and Walmart (WMT) enter the space. Tol explained, "What we're looking for is how do you create transformation of this many headed monster called healthcare that has frankly become too complex, lost sight of the consumer, and left a lot of open spaces not yet being addressed for change." The COVID-19 pandemic revealed the need to address airborne risks, which go beyond COVID-19 to other viruses and health impacts. Director of Harvard's Healthy Buildings Program Joseph Allen said, "People finally woke up to the reality that the way we manage our buildings including air quality ... determines how healthy we are." Corporate Synergies Group SVP John Crable addressed the current challenges in the mental health space and options for employers to help employees. Crable explained, "It's really giving them access, it's creating avenues to talk to mental healthcare professionals and providers." Bank of America Senior Analyst Geoff Meacham discussed the impact of weight loss drugs, as major drug manufacturers Novo Nordisk (NVO) and Lilly (LLY) are undergoing clinical trials for new GLP-1 drugs. Meacham said, "I still think next year. It's still very early innings with regard to adoption." Dr. Geeta Nayyar, Former Chief Medical Officer at Salesforce, broke down the use of AI within the healthcare industry. Dr. Nayyar explained, "Prior authorization alone could save us billions and billions of dollars ... but this idea that we're going to go to Dr. Google or a robot is going to deliver your baby, patients don't want that, consumers don't want that, and neither do doctors." Amazon has made a big push into the healthcare industry. Amazon Pharmacy delivers prescriptions directly to customers' doors. Amazon Pharmacy Chief Medical Officer Dr. Vin Gupta said, "All these feature sets are really set to address the biggest problem in healthcare, which is patient information, patient awareness of services, of products that can actually result in lower cost to them for their prescription medication." Food and Drug Administration (FDA) Commissioner Robert Califf discussed the role of the FDA in the healthcare industry, specifically as it relates to weight loss drugs. Califf explained, "Weight loss drugs may be the easiest to talk about right now because everyone recognizes there's so many questions ... FDA plays a role, but so do many other parts of the government and the private sector." Video highlights: 00:00:03 - SCAN Group & Health Plan President and CEO Sachin Jain 00:00:22 - Google Chief Clinical Officer Michael Howell 00:00:41 - Aflac US Chief HR Officer Jeri Hawthorne 00:01:06 - Daryl Tol of General Catalyst 00:01:23 - Director of Harvard's Healthy Buildings Program Joseph Allen 00:01:46 - Corporate Synergies Group SVP John Crable 00:02:03 - Bank of America Senior Analyst Geoff Meacham 00:02:31 - Dr. Geeta Nayyar, Former Chief Medical Officer at Salesforce 00:02:53 - Amazon Pharmacy Chief Medical Officer Dr. Vin Gupta 00:03:16 - FDA Commissioner Robert Califf Watch all of Yahoo Finance's special coverage "Healthcare: Industry Checkup."

  • FDA commissioner talks on the review process for drugs

    From weight loss drugs that continue to roll out to research expanding on Alzheimer's treatment, regulators are constantly exercising judgments when reviewing and potentially approving new drugs. Yahoo Finance's Anjalee Khemlani sits down with FDA Commissioner Dr. Robert Califf to discuss the FDA's role in the regulatory process for medical and pharmaceutical products. "I prefer to call it looking forward rather than looking back. We have very robust clinical trials done to get a drug on the market," Dr. Califf says. "But after that product gets on the market, there's no evidence generation system like what we have in the premarket phase. Yet we have all these questions still on the table that need to be answered." Dr. Califf emphasizes the importance of follow-up inquiries to confirm the safety of devices or treatments. 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. Additionally, Yahoo Finance will be providing more analysis on the healthcare industry in its week-long special coverage Healthcare: Industry Checkup.