As the Federal Reserve's stance on rate cuts remains uncertain, investors are evaluating the potential impact on their retirement portfolios. Chief Retirement Strategist at J.P. Morgan Asset Management Michael Conrath, joins Yahoo Finance Live to discuss why individuals need to "get started now" on their retirement savings. Conrath emphasizes that "the biggest thing is to have a plan," noting that more people plan for vacations than retirement. He advises that the first step is to consider how much you will need. Secondly, he recommends thinking about "longevity" and factoring in the projected duration of your retirement. Conrath highlights "key things" available in 2024 that can aid in retirement planning. Firstly, he emphasizes the importance of emergency savings accounts, calling emergency savings "the bedrock" to protect your retirement. Secondly, he notes that those making student loan payments may be eligible to receive retirement contribution matches from their employers. 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
Wages for fast-food workers in California will increase to a minimum of $20 per hour beginning April 1. Could this change potentially pave the way for workers across the country? University of California Berkeley Professor of Economics Michael Reich joins the Live show alongside Yahoo Finance Reporter Brooke DiPalma to discuss the minimum wage raise in California and its impact on businesses across the nation. Reich explains that minimum wages are already higher in populous areas of California, making the actual increase in minimum wages closer to 5%. On the other hand, operating costs should only increase by 1.7%, he estimates. Resulting inflationary effects will be minimal, Reich explains: "This is a one-time increase, it's not going to affect inflation a year or two from now. The price effect will probably work its way through within 3 to 6 months. Yeah, this policy could spread in other areas. We have a very heterogeneous terrain across the states, what the minimum wages are. The minimum wage is already $20. A few pennies shy of $20 in Seattle, and close to that in Denver. But then there are about 20 states where it's still $7.25. Will this be copied in other states –– I think we'll see how the experiment works. But it's possible." 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
Traeger (COOK) posted mixed fourth-quarter results, with revenue topping estimates, but reporting a larger-than-expected loss in the quarter. Traeger CEO Jeremy Andrus says the company "had a solid quarter in a tough environment." "High-ticket consumer durables is a tough space to be in in the moment," Andrus told Yahoo Finance. Andrus highlights a few reasons why the grilling sector is facing headwinds right now, including demand being pulled forward due to the pandemic and high interest rates. Overall, he calls the grilling industry "resilient," given that "Americans have always cooked outdoors." He expects that "as interest rates come down" the category will return to growth, which he expects will happen in 2025. 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 a report from Indeed, educational requirements are gradually disappearing from job postings. In the month of January, less than one in five roles shared on Indeed's site required a four-year degree. Cory Stahle, Indeed Hiring Lab Economist, joins Yahoo Finance to discuss what the shift from education to skills requirements signals for job seekers and the broader job market. Stahle explains the phenomenon isn't limited to a particular sector, but follows an unexpected trend: "It's been really across all sectors but it has been most notable in the areas where education requirements have typically been the highest. There's more opportunity to reduce requirements where those requirements have been higher. But it was really notable that we had over 80% of the sectors we look at reduce their requirements in the last few years. So it has been pretty broad-based in terms of employers pulling these types of requirements back to attract more workers into these jobs." 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
Netflix (NFLX) generated more than $32 billion in revenue in 2023, including over 247 million subscribers worldwide. Beyond The Ticker takes a deep dive into the streaming giant's biggest moments. 1997 Marc Randolph and Reed Hastings founded Netflix in Scotts Valley, California. 2000 Netflix launched its monthly subscription concept. DVD rentals were mailed to customers, along with prepaid return envelopes. Later that year, Netflix was almost sold to Blockbuster for $50 million, but Blockbuster declined the offer. 2002 Netflix launched its IPO, selling 5.5 million shares at $15 per share. It brought in $82.5 million. 2007 Netflix announced that it would debut streaming video while retaining its DVD rental service. 2011 Netflix stock fell to around $9 per share in November 2011, after the company revealed that it lost 800,000 subscribers in its third quarter. 2013 The company released House of Cards, the beginning of Netflix's original programming. 2015 In 2015, Netflix announced that its stock had surged to an all-time high, over $100 per share, a growth of 574% over the past five years. 2017 A study by PricewaterhouseCoopers (PwC) showed that the Netflix subscriber base was equal to the number of cable TV subscribers – 73% of all U.S. households. 2021 Netflix launched its gaming platform Netflix Games, available on Android with 5 games at launch. The company also announced plans to expand its gaming service to iOS. 2023 Netflix announced the wind-down of DVD.com, with its last shipment on September 29, 2023. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. 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
As the Federal Reserve's stance on rate cuts remains uncertain, and interest rates persist in a higher-for-longer environment, investors are seeking strategies to navigate this landscape effectively for their retirement portfolios. Yahoo Finance's Kerry Hannon breaks down the details, suggesting the best ways for investors to approach rebalancing retirement portfolios. 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
LIVE House Democratic Leader Hakeem Jefferies holds weekly press conference 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
President Biden will deliver the State of the Union address on Thursday March 7, 2024 at 9PM EST. In his speech to the House and Senate the President will report on the state of the country and outline his priorities for the upcoming year. He is expected to address the economy, inflation, immigration, and women's reproductive rights. This will be Biden's third State of the Union and it falls ahead of the presidential election in November. 00:48:35: President Biden begins State of the Union Address 0:2:16:20 Senator Katie Britt delivers the Republican response to President Biden's State of the Union 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
Cyberattacks — whether from rogue hacking groups or organized state actors — are becoming increasingly sophisticated due to the integration of artificial intelligence. Ahead of the presidential elections occurring around the world in 2024, cybersecurity firms like CrowdStrike (CRWD) are prepping themselves for the oncoming wave of hackers. As I say, you can't fight fire of a house fire with a garden hose — the AI that's being developed now, using generative AI for attacks is very hard to get away," Bess explains. "It's not just deep fakes where people are... imitating somebody's voice. It's very creative ways to get around a lot of the security that customers are fatigued in buying. So you have to have a more sophisticated AI to fight it. Our engineering teams at Deep Instincts are amongst the smartest that have been on both the defensive and attack and have developed a platform that essentially can predict and prevent..." Bess, who has previously served as the CEO and President of Palo Alto Networks (PANW) and COO of Zscaler (ZS), touches upon the forecasts for ransomware activity ahead of the 2024 US election.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