With the Federal Reserve's continued higher for longer interest rates, the economy has slowed to a pace at which it may reach its target inflation goal of 2%, without triggering a recession. Many on Wall Street are now all but sure that this will allow for a soft landing, but is there more at play? Bank of America CEO Brian Moynihan (BAC) sits down with Yahoo Finance Anchors Brian Sozzi and Julie Hyman from the World Economic Forum in Davos, Switzerland to discuss the potential for a soft landing, factoring in the labor market, the housing market, and more. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Editor's note: This article was written by Nicholas Jacobino
With the Federal Reserve's continued higher for longer interest rates, the economy has slowed to a pace at which it may reach its target inflation goal of 2%, without triggering a recession. Many on Wall Street are now all but sure that this will allow for a soft landing, but is there more at play?
Bank of America CEO Brian Moynihan (BAC) sits down with Yahoo Finance Anchors Brian Sozzi and Julie Hyman from the World Economic Forum in Davos, Switzerland to discuss the potential for a soft landing, factoring in the labor market, the housing market, and more.
It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.
Editor's note: This article was written by Nicholas Jacobino
Reuters
Volkswagen, whose drive to develop a "solid-state" electric car battery with U.S. startup QuantumScape has been dogged by delays, is casting its net wider in pursuit of the potentially game-changing technology. The German auto giant is holding talks with France's Blue Solutions, which already produces solid-state batteries for Daimler electric buses, about adapting the design for cars, a source with direct knowledge of the discussions told Reuters. VW and Blue Solutions aim to reach a joint development agreement in the coming months, according to the source who asked not to be identified as the talks are private.
SmartAsset
As you make your retirement budget, it's important to keep two issues in mind. First, understand your needs — what budget will you need to pay your bills, and what budget will you want to afford your lifestyle? And second, understand your capacity — what income can your portfolio comfortably and reliably generate for you? […] The post We’re 63, Have $1.5 Million in IRAs and Will Receive $4,500 Monthly From Social Security. What's Our Retirement Budget? appeared first on SmartReads by SmartAsset.
Bloomberg
(Bloomberg) -- Global stocks retreated and the dollar rose to a one-month high as central bank officials pushed back against bets on aggressive interest rate cuts.Most Read from BloombergTrump Scores Easy Win in Iowa With DeSantis a Distant SecondIowa Latest: Biden Calls Trump ‘Clear Frontrunner’ After WinUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaWhat Is Disease X? How Scientists Are Preparing for the Next PandemicApple to Pull Blood-Oxygen Tool From Watches to Avoid US Ban If A
SmartAsset
It can be satisfying to watch your 401(k) plan balance grow over time as you contribute to it. But what happens when those contributions stop? The amount your account will grow depends on how much money you have in it … Continue reading → The post How Much Your 401(k) Grows If You Stop Contributing appeared first on SmartAsset Blog.
Reuters
Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 23% drop in fourth-quarter profit on Thursday, but analysts predict better growth this year on the back of rebounding demand. The likely decline in profit also reflects a strong performance in 2022, when the company, whose customers include Apple and Nvidia, was still riding high on pent-up post-pandemic demand. The world's largest contract chipmaker is set to report net profit of T$226.4 billion ($7.21 billion) for the October to December period - its third straight quarter of profit decline, according to an LSEG SmartEstimate drawn from 20 analysts.
Bloomberg
(Bloomberg) -- The US economy is set for an unexpected fiscal boost if lawmakers back a potential deal for $70 billion worth of tax breaks for businesses and families.Most Read from BloombergUS Economy Set for Another Cash Boost If Congress Backs Tax DealApple to Shutter 121-Person San Diego AI Team in ReorganizationBiden Says US Doesn’t Support Taiwan Independence After VoteTaiwan Election Fails to Cheer Markets as Focus Turns to PolicyCongressional negotiators are locked in talks over renewing
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