NIKKEI 225
38,073.98 -128.42 (-0.34%) HANG SENG
18,537.81 +223.91 (+1.22%) CRUDE OIL
79.61 +0.35 (+0.44%) GOLD FUTURES
2,353.60 +13.30 (+0.57%) DOW
39,387.76 +331.36 (+0.85%) Bitcoin GBP
49,990.98 +1,086.20 (+2.22%)
NASDAQ Composite (^IXIC)
- Yahoo Finance Video
3 catalysts for commodities: U.S. Bank Strategist
US Bank Asset Management Group CIO Eric Freedman joins Market Domination to break down three catalysts that could drive US commodities growth. He points to ongoing "human tragedies" that will continue to rely on commodities. “Our hearts are with those affected. That’s certainly more important than financial matters. But that’s an area we think will not be solved immediately or necessarily quickly,” Freedman says. Freedman's second potential commodities catalyst is the economic growth of foreign countries. “If you look at what’s happening in Europe, if you look what’s happening even in non-Japan Asia, there’s some real strength and momentum,” he explains, adding that international growth could increase demand for US commodities. He adds that China could also be a major player, as the nation is “really trying to export their way to growth. They need commodities to make that happen.” For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
Stocks are thankful for strong earnings season amid inflation
US Bank Asset Management Group CIO Eric Freedman joins Market Domination to discuss his outlook on equity markets (^DJI, ^IXIC, ^GSPC) as inflation is anticipated to remain high. “It’s really that broadening out effect that we think is gonna take hold as we get deeper into this quarter,” Freedman explains. He points to current robust corporate profits and widespread gains from earnings as good indicators for the market. Despite inflationary pressures anticipated to accelerate, Freedman isn’t particularly worried. He says he expects inflation to increase at levels that will not cause a significant impact on corporate profits. “With a lot of inflation data coming in next week, there’s a potential for some downward pressure in the very near term,” he adds. “We think that owning commodities makes some sense and still owning stocks alongside commodities is a way for clients to be participating in both phenomena,” Freedman tells Yahoo Finance's Josh Lipton and Julie Hyman. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
Consumer spending, Reddit earnings, AI: Wealth!
On today's episode of Wealth!, host Bradley Smith and various guests explore topics including the state of the consumer, earnings updates, and artificial intelligence's potential to help consumers looking to borrow. As consumers face the impact of the "higher-for-longer" interest rate environment, Wealth! takes a deep dive into the state of the consumer. Barry's CEO Joey Gonzalez joins the discussion, offering insights into how his fitness business is navigating this challenging landscape and whether he has observed any shifts in consumer behavior. Despite the need for value, consumers continue spending on experiences and travel. Hopper Lead Economist Hayley Berg and Zenith Wealth Partners Chief Financial Planning Officer Chelsea Ransom-Cooper provide savings tips for those seeking to travel while exercising prudence with their hard-earned cash. On the earnings front, Reddit (RDDT) CEO Steve Huffman takes the spotlight, discussing the company's earnings beat and its ongoing quest for profitability. Additionally, Yahoo Finance's Madison Mills dissects the financial results of Airbnb (ABNB) and Hyatt Hotels (H), which both surpassed expectations. Furthermore, the show features an interview with Pagaya CEO Gal Krubiner, who talks the potential of artificial intelligence to aid in consumer lending. This post was written by Angel Smith
