On Saturday evening, Congress approved a short-term stopgap bill that effectively averted a government shutdown, but did so at the expense of additional funding for Ukraine. Yahoo Finance's senior columnistargues that the 5% of the defense budget spent by the U.S. for aid to Ukraine, holds greater benefits for the U.S. in terms of geopolitical relations compared to foregoing it.
A new video appears to show a Russian tank hitting a mine in southern Ukraine, catching fire and sinking in a to a body of water.As we head towards autumn, the winter rains in Ukraine will mean that manoeuvre warfare must give way to less ambitious, static, attritional fighting. This comes as something of a disappointment to the Ukrainian people and those who wish them well, and falls short of the breakthrough to the shores of the Azov that was so hoped for.
Ontario's minimum wage rose $1.05 on Sunday to $16.55 an hour. Some Windsorites say the raise is a good start but more is needed — and others think it'll only make business more challenging. "I think it'll be good especially for people living in more rural areas and places that are kind of less expensive to live in," said Nick Bhumgara. "But especially in … major cities I think it's a little harder for people to even function with $16.
Sam Bankman-Fried, the disgraced FTX founder, heard that it would cost $5 billion to get Donald Trump not to run for office, Michael Lewis reported in his book, "Going Infinite."Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023.Attacked by Trump, New York judge to weigh ex-president's fraud case
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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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Oil prices on the rise, Bitcoin passes $28K: What to watchOil prices continue to rise as global demand increases while production from OPEC+ decreases, with many bets placed that oil will reach $100 per barrel. In addition, bitcoin (BTC-USD) reached just over $28k, with some experts wondering if it's headed towards a rally. Yahoo Finance Markets Reporter Ines Ferre joins the Live show to break down China's oil demands and Congress' letter to the SEC to approve a spot bitcoin ETF. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Chinese EV makers shine in Sept. deliveries, while Tesla lags in Q3Chinese EV makers Nio Inc. (NIO), Li Auto (LI), XPeng Motors (XPEV) reportedly delivered 66,831 vehicles in the month of September, while Tesla (TSLA) shares tick down in early market trading after missing on third-quarter delivery estimates. Yahoo Finance Live compares the electric vehicle manufacturers' performances, breaking down potential regional trends. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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UBS initiatives coverage on Sunnova as oil prices remain elevatedUBS analysts initiate coverage for the Texas-based solar panel company Sunnova (NOVA). Yahoo Finance’s Jared Blikre takes a closer look at rising oil prices and the overall outlook for energy sector stocks. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Market could hit 'all-time highs by June' in 2024: StrategistThe U.S. economy keeps pushing back against forecasts predicting a recession would hit in 2023. Now, investors are left wondering what this means looking ahead to 2024. J.P. Morgan Private Bank U.S. Equity Strategist Abby Yoder joins Yahoo Finance to discuss JPMorgan's recent upgrade in the consumer discretionary sector and the outlook for the S&P 500 (^GSPC) over the next year. 'We have this concept of what we've been calling a rolling earnings recession, it's where different sectors of the S&P 500 have gone through their earnings recessions at different times,' Yoder explains the reasoning behind the bullish outlook. The consumer discretionary sector '[has] already been through that earnings recession period... They've had margin support in the fact that they already cut costs, thats why we are more positive on the consumer discretionary sector.'For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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