Rallying around the prospects of higher-for-longer interest rates for the first half of 2024, the Federal Reserve's latest policy decision poses a big risk to the M&A (mergers and acquisition) space. Steward Partners CEO Jim Gold sits down with Yahoo Finance to discuss dealmaking activity in the greater wealth management landscape: "There's a real quiet revolution going on.
If you look at the data of the industry, the big traditional firms are losing market share, and that market share is going to the independent space in one form or another. As I like to say, we're sort of passing each other on the elevator — one's going up, one's going down... Those firms always have a place, but this change is real and it's actually accelerating." Micron Q2 earnings 'blasted past' all analyst expectations Shares of Micron (MU) are trading higher on Thursday after the company reported better-than-expected second quarter earnings. Revenue for the quarter came in at $5.82 billion, beating analyst estimates of $5.35 billion. Adjusted earnings per share (EPS) also stood at $0.42, beating the expected $0.24 per share. To offer his perspective on this impressive performance, TD Cowen Managing Director Krish Sankar joins Yahoo Finance Live. Sankar highlights the company "blasted past" all analyst expectation