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RDDT Jun 2024 66.000 call
- Insider Monkey
The College With the Unhappiest Students
We recently compiled a list of the 21 Colleges With the Unhappiest Students and in this article we will discuss the college that topped our list. Are Americans Becoming Unhappier? According to the 2024 World Happiness Report developed by the University of Oxford’s Wellbeing Research Center, the USA ranks in the 23rd spot with a […]
- Yahoo Finance Video
4th of July travel, investing for beginners: Wealth!
On today's episode of Wealth!, Host Brad Smith breaks down some of the key themes impacting the markets (^DJI, ^IXIC, ^GSPC), from a struggling housing sector to record travel July 4th weekend. New home sales for the month of May fell over 11%, according to the US Census Bureau. KPMG senior economist Yelena Maleyev claims that it will be a while before the housing sector sees relief, only estimating one interest rate cut from the Federal Reserve by December: "We've pushed that forecast out into December, so we do expect one rate cut in December, which will help bring overall mortgage rates to perhaps around 6.5 by the end of the year. That's probably not what people who are waiting for those 3% mortgage rates are wanting to hear, but unfortunately, those days are behind us." She adds that a few more rate cuts in the pipeline could bring mortgage rates to 5.5%. US equity markets have hit record highs in 2024, largely spearheaded by the growth of semiconductor and chip stocks like Nvidia (NVDA). BlackRock US Head of Thematic and Active ETFs Jay Jacobs sits down with Brad Smith on Wealth! as part of Yahoo Finance's ETF Report to discuss several of BlackRock's notable iShares ETFs in relation to the growing AI landscape and the energy and digital infrastructure demands that come with mass adoption. The number of US households with direct stock ownership increased by 6% between 2019 and 2022, according to a Federal Reserve study of consumer finances. JPMorgan Wealth Management head of self-directed investing Andrea Finan says her biggest tip for beginner investors is to "find the experts ... Go to credentialized places to get information and learn. I really strive for people to become curious in investing and learn and use the tools..." Finally, as more than 24 million people are expected to fly out of US airports during the 4th of July weekend, Hopper Lead Economist Hayley Berg gives an overview of thee busy weekend ahead. She explains that summer travel prices have decreased, as airfares are down 18% in the US and hotel and rental car prices remain in line with previous years: "So those travelers who are getting away are definitely able to expand those travel budgets into things like activities and maybe some nice dinners out rather than spending as much on accommodations and flights." This post was written by Melanie Riehl
- Yahoo Finance Video
Here's why some users are turning to Reddit for web searches
Reddit (RDDT) usage for search has boomed. According to data from Similarweb, the social media platform saw a 39% increase in website visits, year-over-year, while Google (GOOG, GOOGL) reported a drop of 2.2%. The Wall Street Journal personal tech reporter Ann-Marie Alcántara joins Wealth! to give insight into why internet users are turning to Reddit for search over Google. "So we're seeing this happen across all social media sites, not just Reddit, but people are turning towards more real experiences. Things that feel like it's coming from a person versus a publisher or a journalist that they might not know. People are just looking for that extra personality, something that feels real versus just another website that tells them what to do," Alcántara has found in her research. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
