Investors are finally adjusting to the idea that interest rates are going to be higher for the 'foreseeable future,' EY Chief Economist Greg Daco tells Yahoo Finance Live. Daco thinks the Federal Reserve is done raising rates, adding that 'we're not going to see the type of rapid rate cuts that the Fed has proceeded with in times of economic slowdowns,' in the past. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Investors are finally adjusting to the idea that interest rates are going to be higher for the"foreseeable future," EY Chief Economist Greg Daco tells Yahoo Finance Live. Daco thinks the Federal Reserve is done raising rates, adding that"we're not going to see the type of rapid rate cuts that the Fed has proceeded with in times of economic slowdowns," in the past.
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Cheap TSX stocks such as Dentalcorp are trading at an enticing valuation and have massive upside potential right now. The post 2 Defensive Stocks That Can Gain up to 128%, According to Bay Street appeared first on The Motley Fool Canada.Warren Buffett is perhaps the most famous investor in the world. Having earned the appellation "The Oracle of Omaha" thanks to his investing success through his company Berkshire Hathaway, Buffett now...
Top tech stocks are trading at the biggest relative discount in over 6 years with earnings set to spark momentum, Goldman Sachs says While mega-cap tech stocks are the cheapest since 2017, the upcoming earnings season is a catalyst for further growth, Goldman Sachs wrote.These TSX giants deserve to be on your radar. The post Canadian Blue-Chip Stocks: The Best of the Best for October 2023 appeared first on The Motley Fool Canada.
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Investors 'should not care' about govt. shutdown in Q4: ExpertA government shutdown was averted late Saturday evening as Congress approved a short-term 45-day federal funding bill. The bill is designed to keep the government open until November 17, providing lawmakers a window to fully develop a proper federal spending budget. Isaac Boltansky, Director of Policy Research at BTG, shares with Yahoo Finance that while a government shutdown was averted, it is still expected in the fourth quarter. He characterizes this bill as the federal government 'punting' tough decisions to a later date, with no real resolution on spending policies, such as providing aid to Ukraine. Boltansky ultimately believes investors should not be concerned. 'The one thing that scared me the most is that we wouldn't collect and report official government data, through the shutdown,' Boltansky tells Yahoo Finance, adding: 'At least we've got 6 more weeks of that.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Goldman Sachs raises mortgage rate forecastsGoldman Sachs (GS) has updated their projections for mortgage rates. The bank now expects mortgage rates to rise to 7.1% by the end of 2023. That's up from its previous estimate of 6.6%. Yahoo Finance's Dani Romero discusses the forecast and why Goldman Sachs made the change. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Netflix reportedly considering raising price of ad-free tier, stocks tumble on rising yields: Yahoo Finance LiveNetflix (NFLX) shares are in focus after the Wall Street Journal reported that the streaming service plans on raising the price of its ad-free tier after a deal is reached with the actors’ union. On Wall Street, all three of the major indices are trading lower as the U.S. 10-year Treasury Yield (^TNX) hit levels not seen since 2007. Trending tickers on Yahoo Finance today include Airbnb (ABNB), POINT Biopharma Global (PNT), and McCormick & Company (MKC).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Kavita Gupta, Delta Blockchain Fund3:20 p.m. ET - Gerard Cassidy, RBC Capital Markets Managing Director3:35 p.m. ET - Greg Daco, EY Chief Economist3:35 p.m. ET - Kevin Mahn, Hennion & Walsh CIO4:20 p.m. ET - Kelly Pedersen, PwC US Retail Leader
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Why the current housing market is a 'seller's paradise'August home sales have reportedly seen a month-over-month decline of 7.1% from July. Yahoo Finance Reporter Dani Romero breaks down the current housing market, shedding light on why it is currently a seller's market amid elevated mortgage rates. She also notes why the first week of October could be the best time to buy a home all year, according to Realtor.com. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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SAG-AFTRA resumes negotiations after writers, studios reach dealStriking members of the Screen Actors Guild (SAG) and the American Federation of Television and Radio Artists (AFTRA) are expected to resume negotiations today with studio executives. The unions are advocating for improvements to working conditions for various talent and certain career safeguards, including the use of artificial intelligence. Yahoo Finance Entertainment Reporter Alexandra Canal provides insight into SAG-AFTRA's demands and highlights the recent resolution reached by the Writers Guild of America (WGA). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Beyoncé's 'Renaissance World Tour' film hitting theaters Dec. 1Beyoncé's concert film, Renaissance: A Film by Beyoncé, is hitting theaters on December 1. Documenting the musician's 'Renaissance World Tour,' this comes after Taylor Swift: The Eras Tour is set to premiere in AMC theaters (AMC) on October 13. Yahoo Finance Senior Reporter Alexandra Canal discusses how these films are helping the box office amid previous delayed film releases due to the Hollywood strikes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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