September has historically proven to be one of the most volatile months for stocks — and even crypto. With this uncertainty looming, what does it mean for investors' retirement accounts? Yahoo Finance reporter Kerry Hannon joins to explore the implications when anxious 401(k) investors sell off assets and discuss strategies for these investors during this period of market turbulence. 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 tech sector (XLK) is under pressure Friday, with the Nasdaq Composite (^IXIC) tumbling 2.5%. Goldman Sachs Senior Equity Research Analyst Eric Sheridan joins Market Domination to discuss his outlook on the digital consumer. Sheridan notes that when it comes to the digital consumer, there isn't a "black and white" answer regarding the health of this segment. While acknowledging that consumer spending is slowing, Sheridan doesn't believe the economy is "hurtling towards any kind of recession in terms of the digital consumer and the digital economy." Regarding AI return on investment, Sheridan observes that cloud computing companies are seeing the most direct returns on AI spend. However, he notes that it will take longer to see returns in the consumer landscape. "Most consumers have the same internet habits today that they had 18-24 months ago around the time that ChatGPT exploded," he states. Sheridan explains that it takes time for consumers to adjust their computing habits. So while enterprises are seeing immediate returns, it is normal for consumer adoption to lag behind. Watch the video above to hear which tech stock Sheridan recommends: Alphabet (GOOG, GOOGL) or Meta (META). 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
Not many banks can say they are America’s oldest. In fact, the only one that can lay claim to that title is BNY (BK), founded 240 years ago by Alexander Hamilton. BNY has gone from its storied lineage tied to Hamilton and banking titans in the Mellon family to a financial institution that oversees $50 trillion in assets. The company is a powerhouse in the business of wealth management, and is the country’s largest custodian. However, it still doesn’t operate a retail bank, hence making it lesser known than names like JP Morgan (JPM), Citi (C), and Bank of America (BAC). Yahoo Finance Executive Editor Brian Sozzi sits down with BNY CEO Robin Vince. Besides sharing a history lesson on the storied bank, the British-born Vince reveals his biggest financial system concern and the impact on stocks as the Federal Reserve prepares to embark on interest rate cuts. As the icing on the cake, Vince shares his thoughts on the impact of new artificial intelligence on the banking system and crypto — and likely your life. 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
Markets (^DJI, ^IXIC, ^GSPC) are anticipating the Federal Reserve to start cutting interest rates in mid-September, with opinions divided between a 50 and 25 basis point reduction. PNC Asset Management Group CIO Amanda Agati joins Market Domination to discuss market outlooks ahead of the increasingly crucial August jobs report to be released Friday morning, which could influence the Fed's decision. Agati notes that data "naturally comes in very mixed" as markets approach a cutting cycle. She maintains that markets are "still very much in a soft landing camp," and no data so far has indicated a need for a 50 basis point cut in September. Agati believes a 25 basis point cut will suffice to boost the economy. Regarding stock markets and investing strategies amid market uncertainty, Agati tells Yahoo Finance: "This market is priced to perfection, and so there are pockets of opportunity. We're very much leaning into quality, on both the equity and fixed income side of the equation. Not everything has rallied to the extent of the Magnificent Seven, so there are pockets of opportunity. It's not a market where you want to sit on the sidelines with a ton of cash here. But it is hard to make really big practical moves ahead of some of the key news items that I think are coming over the next few months." 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
Salesforce (CRM) reported second quarter results that came in above analyst expectations on both earnings and revenue. The enterprise software giant also gave guidance for the full fiscal year that beat estimates, sending shares of the Dow (^DJI) component higher in after-hours trading. Salesforce (CRM) Chair and CEO Marc Benioff speaking to Yahoo Finance Executive Editor Brian Sozzi saying "We delivered numbers that other software companies aren't reporting." Third Bridge Analyst Charlie Miner said the beat on operating margins was key. "I think a lot of people are excited about right now is the beat on adjusted operating margin. Profitability has become fully the focus for Salesforce over the last six quarters, you can't miss there right now, especially when growth is decelerating into the single digits as it is only the second time in their company history the last two quarters that it's done." In the earnings release, the company announced Amy Weaver will be stepping down as Chief Financial Officer. Benioff saying "Amy has been a phenomenal member of our management team, and I'm looking for a great CFO. 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
Nvidia (NVDA), once a leader in chip stocks and tech rallies, has been hit by another sell-off on Tuesday, erasing $278 billion in market cap. Tuesday's sell-off was the worst single-day decline for a US company ever. The sell-off is continuing Wednesday morning as the tech sector (XLK) leads losses in the morning. Read more about Nvidia's plunge here. 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
Berkshire Hathaway (BRK-B, BRK-A) CEO and chairman Warren Buffett has trimmed the holding company's stake in Apple (AAPL) and Bank of America (BAC). Berkshire Hathaway continues to be the largest Bank of America shareholder. To talk more about Buffett's and Berkshire's latest portfolio moves, Portfolio Wealth Advisors President and CIO Lee Munson joins the Morning Brief. "Warren Buffett has made an amazing amount of money on Apple. It's still going to be his largest position. He's going to have about $100 billion of it... that he has after these sales. I think investors shouldn't read too much into it," Munson explains to Brad Smith and Madison Mills, underlining how investors may be viewing Berkshire's stake in smaller companies like Ulta Beauty (ULTA) and Heico (HEI). 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 Magnificent Seven tech stocks are no longer outperforming the rest of the 493 stocks in the S&P 500 index (^GSPC), according to monthly changes tracked by Charles Schwab and Bloomberg Julie Hyman outlines the Magnificent Seven's performance in today's Chart of the Day. 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
Generative AI ‘is not a dot-com bubble,’ ETF strategist explains
