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  • Business
    Yahoo Finance

    New inflation reading reinforces Fed's higher-for-longer stance

    Another hot inflation reading released Friday reinforces that any near-term interest rate cuts are less likely, as the Federal Reserve shifts to a higher-for-longer stance.

  • Business
    Yahoo Finance Canada

    Industry fears Ottawa's 'overreach' could limit crypto access after Budget 2024

    “The government is not interested in making this work for consumers and business."

  • Business
    Yahoo Finance Video

    Microsoft, Alphabet: Wall Street bullish on Big Tech, Q1 results

    Wall Street analysts are exhibiting bullish sentiment toward tech giants Alphabet (GOOG, GOOGL) and Microsoft (MSFT) in the wake of their respective first quarter earnings reports. Prominent firms such as Oppenheimer, Barclays, and Jefferies have increased their price targets for Alphabet's stocks. Similarly, analysts at Wells Fargo and JPMorgan have raised their price targets on Microsoft. This surge of positive analyst commentary has propelled both stocks higher in Friday's trading session. Yahoo Finance's Brad Smith and Seana Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith

  • Business
    Yahoo Finance Video

    'Choppy market' ahead with Fed 'on pause': Strategist

    US Equities (^GSPC, ^DJI, ^IXIC) are moving higher despite the hotter-than-expected Personal Consumption Expenditures (PCE) reading. Big Tech earnings, however, may serve as a catalyst for the market's continued optimism. BMO Wealth Management US Chief Investment Officer Yung-Yu Ma joins The Morning Brief to give insight into how the market is moving during this earnings season and what investors should expect from recent economic data. Ma is not certain that strong earnings alone can steer the macroeconomic environment: "We definitely think earnings are important here and the growth trajectory is important. But it's also worth noting that since the market is more relying on growth now for both stabilization and the upside gains, I think we have a more inherent push and pull to the market because that growth is somewhat uncertain. We do think it's going to materialize and actually accelerate in the second half, but once you pull away the backing of the Fed and having the Fed more on pause now, inflation being a little bit stickier and the slow path down, we do think that does mean a little more of a choppy market." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino