Former Cisco Systems CEO John Chambers (CSCO) navigated the company through the challenges of the dot-com bubble and the 2007-2008 financial crisis. Now, he's helping startups navigate their paths forward as founder and CEO of JC2 Ventures, which has backed companies such as Rubrik (RBRK) and Bloom Energy (BE). In the latest episode of Opening Bid, Chambers tells Yahoo Finance Executive Editor Brian Sozzi about the three "currencies" a leader must have, the rise of tech in the mid-1990s, and how he navigated the burst of the dot-com bubble, which he describes as "the hardest things I've ever done in my business life." When it comes to the rise of artificial intelligence, he says there are parallels that are "almost identical" to the tech bubble. "Too much money going into the market, funding a number of companies, there's clearly going to be a bubble. Some are going to fall out. There's going to be some spectacular train wrecks. But there are going to be huge successes coming out of it," Chambers says. He also advises investors on how to navigate what he dubs will be the "AI decade." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
According to data from Layoffs.fyi, more than 20,000 employees were fired from their jobs in the tech sector in April. In addition, according to data from Women Impact Tech, salaries for workers in tech dropped over 12% in 2023. Women Impact Tech CEO Paula Bratcher Ratliff joins Wealth! to break down the situation for tech workers, highlighting heightened volatility in tech's segment of the US labor market. On a more positive note, Ratliff claims: "We're seeing about 20% increase over prior years trajectory in hiring for tech workers, and a lot of that has been powered by AI. There's always been this concern, 'will AI cause us to lose more tech workers?' and we're seeing the opposite effect. AI, and other innovations are driving more tech need for organizations and we're seeing improved hiring, and improved hiring in the human capital space for tech because of AI and the impacts of resumes and resume writing." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
Growing a robust 401(k) retirement fund is a common financial objective for many Americans. However, navigating the challenges that arise when changing jobs can be frustrating. What happens to the savings accumulated in a former employer's 401(k) plan, and what are the best strategies to ensure the continued growth of those retirement assets? Yahoo Finance Contributor and Maconomics Founder Ross Mac discusses available options for managing old 401(k) plans from previous employment and rolling over funds to current accounts. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
TaylorMade Golf Company announced a historic partnership with Tiger Woods in a new line of apparel and accessories called "Sun Day Red." TaylorMade CEO and President David Abeles joins Brad Smith to talk more about the collaboration process with the professional golf icon. "We've been very fortunate to align our interests, our partnership, and, quite frankly, our personal relationships with Tiger and learn from each other to be better partners," Abeles says. He adds that "Sun Day Red" opens a new chapter for Tiger Woods, building upon his future "in a way that's broader than just the game of golf." "We've won a Masters with Tiger, it's been one of the great comeback stories, and I think another one is to be written here," the CEO says of the "Sun Day Red" partnership. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
Chip stocks are on the rise, making up nearly 10% of the S&P 500 (^GSPC) and accounting for nearly half of this year's gains. Yahoo Finance's Akiko Fujita breaks down why semiconductors are so important. "They are a critical component in almost everything that we use. So any news, any shortages will trickle across industries well beyond semis," Fujita explains. Chips can be used in devices ranging from smartphones to automobiles, and the United States continues to lead in research and development. Most notably, semiconductor manufacturing is rising to meet the demands of the artificial intelligence boom. In just the last year, global chip sales came in over $500 billion and are expected to hit a trillion dollars by the end of the decade, according to McKinsey. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
Wingstop (WING) posted its first quarter earnings, beating estimates with $0.975 earnings per share against an expected $0.76. The company also reported a same-store sales growth of 21.6% in the US. Wingstop CEO Michael Skipworth joins Yahoo Finance Reporter Brooke DiPalma for Wealth! to give insight into the company's performance and how the fast food chain plans to capitalizing on its success. Skipworth elaborates on what he refers to as 'hyper-personalization,' using company data to improve the customer experience: "Our digital sales for the first quarter were a record 68% of total sales. That's allowed us to amass a massive database of 40 million users strong. We have invested in this data, enriched the data that allows us to not only inform our marketing strategy, but with the launch of our proprietary tech staff, My Wingstop, we're able to lean into hyper-personalization, and really personalize that computer order journey, that we believe will bring guests back sooner, bring them back more frequently, and drive check as well, which we're excited about." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
The Federal Reserve decided to keep interest rates steady after its two-day meeting, with Chair Jerome Powell citing a lack of progress on inflation. Morgan Stanley Investment Management Managing Director and Senior Portfolio Manager Andrew Slimmon joins Wealth! to give insight into the Fed's decision and how investors should monitor the markets as policy remains unchanged. Holding rates too long, Slimmon explains, could weaken the economy, but a tell-tale sign of weakening hasn't yet been triggered: "The risk is that the Fed hangs in there too long, and then the economy weakens, and one of the ways, I think, a little trick or a way to watch that is really the two-year yield. Right now, the yield curve is inverted and that means the two-year is higher than the ten-year, but if the economy were to start to show signs of weakening, you would see the two-year yield start to drop and that hasn't happened yet." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
Airbnb (ABNB) announced a new category of experiences called “Icons,” where customers can do anything from staying in the house from the Pixar film Up for a week to listening to unreleased Prince tracks in the Purple Rain home. Airbnb Chief Business Officer Dave Stevenson joins Yahoo Finance's Akiko Fujita to discuss the company’s newest marketing strategy. Stevenson explains that following the success of the Barbie Dream House stay last year, Airbnb decided to further pursue unique stays and experiences across the globe. “We can do some unique things in communities all around the world when you travel… this is just one way that we can show how we are doing so much more than just stays on Airbnb,” he says. As the busy summer travel season approaches, Stevenson has a positive outlook on how Airbnb’s “Icons” will drive growth and engage customers in unforgettable ways. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance
TikTok’s future is currently up in the air after President Biden signed a foreign aid package that included a bill forcing TikTok's parent company, ByteDance, to divest from the app or face a ban in the U.S. O’Leary Ventures Chairman Kevin O'Leary joined Yahoo Finance Live to discuss his plan to potentially buy the popular social media app on May 1, 2024.