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Treasury Secretary Bessent weighs in on concerns around the use of AI in financial services.
Yahoo Finance· 2026-02-04 16:56
On the issue of explanability, any any concern about that in the use of AI in the financial services industry. I'm sorry, what was the question. >> The issue of explanability, how when people apply for credit and are denied, we don't have the ability for AI to explain why they were denied.Is that a is that a concern. I mean, we are talking about the trust within the financial services. It it could be a concern, but we don't view it as a priority for financial stability.>> That That's the truth. ...
Is there a software stock bubble? Plus, Phillips 66 CFO talks earnings, Venezuela
Yahoo Finance· 2026-02-04 16:43
You don't even want me to introduce myself today. That's how much you want me to just stand here and dish out analysis after Tuesday's obliteration in software stocks. Well, I'm doing an intro anyway cuz it's my show.I'm Yahoo Finance executive editor Brian Sazy and this is Opening Bid coming to you live from Yahoo Finance's headquarters in New York City. Now about those software stocks in this overall tech stock moment. Far be it for me to offer up a differing perspective in the almighty AI chip god more f ...
Breaking down AMD's earnings, what Kevin Warsh's past may reveal about him as a Fed chair
Yahoo Finance· 2026-02-04 15:47
Welcome to Morning Brief. I'm Julie Hyman. Let's get to the three things you need to know today.First up, US stock futures mixed after a techled sell-off. AI disruption fear sending software stocks in particular plunging on Tuesday. Still, Nvidia CEO Jensen Wong dismissing fears, calling the idea that AI will replace software quote illogical.Now, investors are looking ahead to Google results due out after the close. Plus, AMD sinking despite topping fourth quarter earnings estimates. The chipmaker's first q ...
LIVE: Treasury Secretary Scott Bessent testifies before the House Financial
Yahoo Finance· 2026-02-04 14:50
LIVE: Treasury Secretary Scott Bessent testifies before the House Financial 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/Ya ...
AMD stock sinks despite positive Q4 earnings, Chipotle narrowly tops estimates
Yahoo Finance· 2026-02-04 05:31
[music] [music] Hello and welcome to Market Domination Overtime. Stocks closing lower as investors rotate out of tech. Jared Blickery over at the Wi-Fi Interactive with today's moves.Jared, >> thank you Josh. A lot of rotation out of stuff today. I'll show you a couple places where it was rotating into.But first, the majors was not here. Dow down about 166 points or 1/3 of 1%. NASDAQ composite saw the brunt of the selling today.Tech was worse off worse off in the sector action by far. That closed down uh al ...
Why this bull market may be younger than you think
Yahoo Finance· 2026-02-04 05:17
You can catch Trader Talk on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Trader Talk with Kenny Polcari on Yahoo Finance delivers expert analysis and actionable insights, empowering you to navigate market volatility and secure your financial future. This podcast is for informational and educational purposes only. The information presented should not be construed as investment advice. The opinions shared are solely those of the host, Kenny Polcari, Chief Market Strategist for SlateSt ...
Walmart officially surpasses $1 trillion market cap
Yahoo Finance· 2026-02-04 02:34
Walmart joins the trillion dollar club as the retailer's market cap passes the $1 trillion milestone. We're looking at how it got here with Yao Finds Brook to Palama. Brook, walk us through.>> Well, certainly a momentous moment for Walmart, especially as new CEO John Verer takes the helm effective earlier this week and now he's stepping into some pretty big opportunity. The company now surpassing that $1 trillion valuation. Just for some context here, Amazon, their current market cap is $2.56% trillion, whe ...
Palantir Q4 earnings, outlook spark rally in the AI stock
Yahoo Finance· 2026-02-04 01:24
Palantir (PLTR) reported fourth quarter earnings on Monday that beat Wall Street's expectations. We look at the stock rocketing, the outlook for the company, and what it means for investors. #youtube #stocks #AI #tech 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 ...
Tech stocks and crypto sell off, Elon Musk's SpaceX acquires xAI in mega merger deal
Yahoo Finance· 2026-02-04 01:12
Yahoo Finance breaks down the top financial stories of the day for February 3, 2026. 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://twitt ...
AMD posts better than anticipated Q4 earnings.
Yahoo Finance· 2026-02-04 00:50
2025 was a defining year for AMD. Fourth quarter revenue grew 34% year-over-year to 10.3% billion, led by record epic, Ryzen, and Instinct processor sales. Net income increased 42% to a record 2 a.5 billion, and free cash flow nearly doubled year-over-year to a record 2.1% billion.For the full year, revenue grew 34% to 34.6% billion, and we added more than 7.6% six billion of data center segment and client revenue. Turning to our fourth quarter segment results, data center segment revenue increased 39% year ...