Posts by Yahoo Finance

  • Yemen, jobs and April Fools': What to watch next week

    Yahoo Finance at Yahoo Finance 1 day ago

    It’s Friday on Midday Movers which means it’s time to ask our panel what they think will be moving markets, or at least making news next week.

    Middle East turmoil Akiko Fujita will continue to keep an eye on the situation in Yemen. We saw tensions there send crude prices higher here at home earlier in the week. Fujita notes that some reports suggest Saudi Arabia may send ground troops into the fray and Egypt is hinting they may join the fight as well. The Associated Press is reporting this afternoon that warships from both those countries have moved into Bab al-Mandab strait, a key strategic location between Yemen and the African nation of Djibouti.

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    Santoli also has some interesting trivia on the tradition of shuttered markets on Good Friday and the creation of the Federal Reserve. You can check that out in the video above.

    “I’m going to be watching out for April Fools,” Serwer says,” because people are going to be doing that kind of stuff in the newsroom all day I’m sure.”

    Everything snapped back after the tweet was quick proven fake.

  • Big banks may block Dems, Tim Cook's pledge and Lufthansa's liability

    Yahoo Finance at Yahoo Finance 1 day ago

    All three major indicies are in positive territory through the first half of the trading day. Investors seemed at peace with the final revision of Q4 GDP, one that held steady at 2.2%. Despite the modest gains today, the market is still well into the red for the week. Federal Reserve chair Janet Yellen is expected to speak at the San Francisco Fed today at 3:45. Could she move markets right before the close?

    The much watched price of crude is giving back some of its gains as tensions ratcheted up in the Middle east this week. WTI futures shed 3% and are back below $50 a barrel.

    Here are some other stories Yahoo Finance is keeping an eye on today.

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  • GDP, Yellen in focus on Wall St; Blackberry's mixed message; Coke-Pepsi cola wars

    Yahoo Finance at Yahoo Finance 2 days ago

    Following four-consecutive days of stock market (^GSPC) declines, Wall Street is focusing on the final revision of fourth quarter GDP and a speech this afternoon by Fed Chair Janet Yellen.

    The Commerce Departmentsays the economy grew at a 2.2% rate the last three months of 2014, the same as its previous revision and below economists' estimates.

    Yahoo Finance's Aaron Task thinks that while the report isn't especially good, investors won't spend too much time dwelling on this data.

    "It's not terrible but it's not going to give anybody great faith or hope," he says.  "This is kind of a wash because it's a rear guard action and people are already thinking about what the first quarter numbers are going to look like."

    Meantime, Yahoo Finance Senior Columnist Michael Santoli is more curious about what Yellen might say on what the Fed plans are after it begins raising interest rates.

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  • Market shake-up, Taylor Swift on greatest leaders list, Charlie Munger says life stinks

    Yahoo Finance at Yahoo Finance 2 days ago

    All three major indicies are in the red through the first half of today, but now off their session lows. Crude prices were up by as much as three percent and remain above the $50 a barrel mark for the first time in more than two weeks. Increased tension in the middle east, specifically new airstrikes in Yemen are being blames, at least in part, for the moves today.

    Get the Latest Market Data and News with the Yahoo Finance App

    Here are some other stories Yahoo Finance is watching today.

    Life stinks While we're watching the overall economy, Warren Buffett's right-hand man is watching yours...and the future isn't good. Berkshire Hathaway Vice-Chairman and billionaire Charlie Munger says life is going to get harder, and people should prepare for the fact they'll have less.

    An earlier version of this article mistakenly cited Forbes as the publisher of the "World's Greatest Leaders" list. The list was compiled and published by Fortune Magazine.

  • Where Starbucks' Howard Schultz went wrong with #racetogether

    Yahoo Finance at Yahoo Finance 3 days ago

    Starbucks CEO Howard Schultz (SBUX) waded headlong into the national discussion on race in the United States with his company’s “Race Together” campaign, which encouraged customers to talk about race in America with their Starbucks barista while they wait for their mocha soy latte each morning.

    Schultz succeeded in starting a debate, but perhaps not the one he intended. The public reaction was as strong, if not stronger, on the question of what Schultz was thinking. There was a swift backlash against the campaign and Schultz for leading it.

    But did he accomplish his goal of starting a conversation on race as well?

    Fairchild highlights one post on LinkedIn that drew a lot of attention by breaking down Schultz’ mistakes.

    But Fairchild says others, including tech writer David Kirkpatrick, defended Schultz for trying to do something socially conscious.

  • Kraft-Heinz combine - Who's next?, Get in on GoPro & Apollo Education implodes

    Yahoo Finance at Yahoo Finance 3 days ago

    The big focus today is the blockbuster Kraft-Heinz merger worth about $45 billion, according to Dealogic. Investors are now speculating on who may be next? Mondelez (MDLZ) seems to be topping the list, with those shares up about 2%. The owner of well known brands including Cadbury, Sour Patch Kids and Oreos, just to name a few could be an attractive candidate according to JPMorgan (JPM). Potential suitors may include private equity or we may potentially see more industry M&A. Either way these food companies will be forced to get more competitive against Kraft-Heinz and its largest shareholder Warren Buffett's Berkshire Hathaway (BRK-B). Kraft (KRFT) shares up over 30% today.

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  • TV takes on Netflix, the end of unemployment and women in the C-Suite

    Yahoo Finance at Yahoo Finance 3 days ago

    The major stock indices (^DJI, ^IXIC, ^GSPC) all trading lower today. Keith Bliss of Cuttone and Company says an oversold U.S dollar is to blame for today's moves. He notes that " inconsistent performance of the U.S. economy based upon the recent data ," isn't helping matters either.

    Here are some other stories Yahoo Finance is keeping an eye on today.

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    The end of unemployment? Chicago Fed president Charles Evans is reiterating his belief that the Fed needs to hold back on raising interest rates. Evans said that despite terrific progress in cutting unemployment, there's no compelling reason to raise rates until inflation ticks up. Vice Chairman Stanley Fischer is also focusing on inflation, noting that unemployment is near its natural level of 5%.

     

     

  • Kraft and Heinz merger; Durable goods stunner; Toys 'R' Us plays nice

    Yahoo Finance at Yahoo Finance 4 days ago

    Following two days of declines on Wall Street ( ^GSPC ), investors begin the trading day with news of a surprisingly weak report on durable goods...and a mega-merger in the food industry.

    The   Commerce Department   reporting orders for durable goods--items such as washing machines and airplanes that are expected to last several years-- fell 1.4% last month.  Economists had been expecting a 0.7% increase.

    Yahoo Finance's Aaron Task feels there's no way to sugar coat this one.

    "There is really no way you can put lipstick on this pig," he says. "It's another piece of evidence that the U.S. economy really is struggling here in the first quarter."

    And Task believes today's report could very well have an impact on when Fed Chair Janet Yellen and company finally decide to increase interest rates.

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    Kraft and Heinz give investors food for thought

    The tech space also seeing a bit of M&A action. 

  • Top 5 thrift store scores

    Yahoo Finance at Yahoo Finance 4 days ago

    If you're one of the approximately 18% of Americans who shop at thrift stores every year, you may think you got a great deal snagging a designer dress for a fraction of the price. But you didn't do nearly as well as the people who stumbled on these five epic thrift store scores. 

    1. Declaration of Independence: Bought for $4, sold for $2.4 million

    When a man shopping in a flea market in Adamstown, Pa., stumbled upon an interesting $4 picture frame, he got a lot more than he bargained for -- literally. The Philadelphian got home, removed the original painting -- a dismal country scene – and found The Declaration of Independence folded and hidden in the back of the framing. The original copy is one of just 26 out of 200 original printed copies known to have survived. In 1991, this thrift store find sold for $2.42 million at Sotheby’s — a 60,000,000% increase from that $4 pricetag.

    2. Sleeping Lady with Black Vase by Róbert Berény: Bought for $500, sold for $285,700

    3. 360-year-old Flemish painting: Bought for $3, sold for $190,000

  • Google nabs Morgan Stanley CFO, Twitter-Foursquare tag team & Icahn ups Chesapeake

    Yahoo Finance at Yahoo Finance 4 days ago

    Chesapeake Energy (CHK) shareholders have a friend in activist Carl Icahn. Shares rose by as much as 4% after filings disclosed he is now the natural gas giant's second largest shareholder.The billionaire's M.O. is to target under-performing companies and that's Chesapeake. Shares have tumbled nearly 40% over the past 12-months. Part of the slide is tied to weak commodity prices, the other is because the company could likely be doing a better job to offset that.

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    In other tech news, Twitter (TWTR) and Foursquare are teaming up--and investors like the idea, with Twitter shares up 4%. The partnership, which was disclosed via a tweet, will allow users to tag very specific locations in Tweets. For example instead of just tagging New York City, the info might say Yahoo's NYC Office. The detail gives the companies more ways to monetize capitalizing on Twitter’s 288 million users and Foursquare’s 55 million which have logged 6 billion Check-ins via its Swarm app.