blowing past expectations, there is concern that the Fed will choose to hike interest rates. Bryce Doty, Sit Investment Associates Fixed Income Senior Portfolio Manager and Senior VP, joins Yahoo Finance Live to weigh in on the Fed’s monetary policy approach. Doty notes that rate hikes could harm companies' inventory and revenue, making it"more difficult and expensive to hire people.
Bears like JPMorgan and bulls like Fundstrat remain split on what looms for markets in October, with some strategists eyeing a rebound in earnings.TFSA Passive Income: 2 Stocks to Buy and Never Sell ‘Tired of the crazy train’: Dave Ramsey tells a frustrated young landlord to ditch the duplex and ‘go get a house’ — 3 ways to invest in real estate without the headaches of having tenants
This young couple rushed to buy a $730K home — but now they can't sleep at night. Here's a 5-point checklist to find out if you're actually ready to buy a houseDiscover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.Energy stocks are great, but not all are created equal. So take a hard look at these offered on the market today.
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Mortgage rates rise, Rivian stock slumps on plans to raise $1.5 billion: Yahoo Finance LiveThe average 30-year mortgage rate has risen to 7.49%, according to Freddie Mac. We’ll be discussing the rise in rates with Redfin CEO Glenn Kelman (RDFN) at 3:35 p.m. ET. Meanwhile, Rivian (RIVN) shares are being pummeled after the EV maker announced plans to raise $1.5 billion through a convertible note offering. Other trending tickers on Yahoo Finance include Coca-Cola (KO), BlackBerry (BB), and Lucid Group (LCID).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - John Stoltzfus, Oppenheimer Asset Management Managing Director and Chief Investment Strategist3:25 p.m. ET - Scott Devitt, Wedbush Securities Analyst3:35 p.m. ET - Glenn Kelman, Redfin CEO4:05 p.m. ET - Joseph Wang, Monetary Macro CIO4:20 p.m. ET - Karin Kimbroug, LinkedIn Chief Economist
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Fed 'comfortable enough' to not raise rates in Nov. after jobs reportThe September jobs report was a pleasant surprise to many — but what does this mean for the Fed? With wage growth moderating, rising only 4.2% this past month, Sanders Morris Harris Chairman George Ball joins Yahoo Finance live to assess the report and what impact this could have on wages and the Fed's interest rate outlook. Ball—like many—was shocked at the employment data, calling it “a jaw-dropper” as it was double the predicted number. In response to September's apparent employment boom, Ball does not predict a cause for alarm, stating he believes the Fed will be “comfortable enough” to not raise rates in November. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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US added 336,000 jobs in September, UAW strike latest: Yahoo Finance LiveThe September jobs report came in hotter than expected, with the U.S. adding 336,000 jobs, nearly double the 170,000 estimate. Also on the labor front, the UAW is expected to give another update on its ongoing strikes against the Big Three automakers, Ford (F), General Motors (GM), and Stellantis (STLA). Some of the trending tickers on Yahoo Finance include Costco Wholesale (COST), Verizon Communications (VZ), and Palantir Technologies (PLTR).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Arun Kumar, Alix Partners Managing Director in Automotive & Industrial Practice3:10 p.m. ET - Julia Pollak, ZipRecruiter Chief Economist3:40 p.m. ET - Todd McKinnon, Okta CEO3:50 p.m. ET - Barrett Daniels, Deloitte & Touche National IPO Services Leader4:20 p.m. ET - Nick Akerman, Former Assistant U.S. Attorney, Southern District of New York
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Jobs report 'strengthens' rate hike case, doesn't guarantee it: EconomistThe September jobs report came in hotter than expected, with 336,000 jobs added to the U.S. economy. What does this mean for the Federal Reserve's future rate hikes? Citi Global Economist Robert Sockin joins Yahoo Finance Live to discuss. 'On balance, it puts the Fed in a difficult spot because, on the one hand, they’re seeing very strong labor demand and very strong hiring,' Sockin says, '[and] on the other hand, you also saw wage growth come in a bit softer than expected.' Sockin believes that while the jobs report encourages the case for another rate hike, 'it doesn’t guarantee it given that you’re getting some mixed signals on the wage side, and you’ve had this big rise in long time yields that is doing some of the work for the Fed.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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