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Alexandra Canal is a New York-based Senior Reporter at Yahoo Finance who covers the business of Hollywood, media and entertainment, and beyond. Alexandra's reporting ranges from breaking news announcements and earnings to deeply reported trend pieces and interviews for both print and on-air. She is also a member of the markets team where she reports on the latest economic data, along with the stock market and Federal Reserve. Alexandra graduated magna cum laude from Georgetown University.
Yahoo FinanceDonald Trump said he would not sell his Truth Social stock. But he technically can starting Thursday.
Trump maintains a roughly 60% stake in Trump Media & Technology Group, which trades on the Nasdaq under the ticker symbol "DJT."
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Fed 'dot plot' suggests central bank will slash interest rates two more times in 2024 after mega 50 basis point cut
Central bank officials predict changes to come with interest rates expected to tick down to 4.4% this year.
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Fed interest rate decision looms in critical week for markets: What to know this week
Investors can expect key updates on monetary policy and retail sales in the week ahead.
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Fed will be cutting rates but probably not at 'larger increments': Economist
All eyes are on the Federal Reserve as it prepares to cut interest rates amid a cooling labor market and falling inflation. In this episode of Stocks In Translation, Yahoo Finance’s senior reporter Alexandra Canal and Yahoo Finance producer Sydnee Fried are joined by Deutsche Bank chief US economist Matthew Luzzetti as they break down rate cuts, labor report revisions, and how they all affect the US economy. When speaking to the downward revision trends in the jobs report and the uncertainty they may cause, Luzzetti says, “I think it is confirmation of a softening trend in the labor market data.” “Again, I don't think it's bad enough… to make you think that recession is the most likely outcome, but it’s certainly confirmation that... the labor market is weakening.” In terms of identifying when “long and variable lags” of when rate cuts will take effect, “a lot of it is already becoming reflected. We've seen mortgage rates come down pretty substantially,” Luzzetti adds. “They're communicating to the market upfront. The market's pricing that in a little bit earlier and it gets reflected in the interest rates that people care about earlier.” Find more episodes of Stocks in Translation here. This post was written by John Tejada.
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Inflation: Consumer prices rise at slowest pace since early 2021
The Consumer Price Index (CPI) increased 2.5% over the prior year in August, a deceleration from July's 2.9% annual gain in prices.
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Disney 'is playing hardball' with DirecTV over 'skinnier' bundles. Here's what's at stake.
A contract dispute between Disney and DirecTV continued into its second week on Monday as subscribers remain without access to ESPN, ABC, and other Disney-owned channels.
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Stock market today: Tech leads S&P 500, Nasdaq higher as JPMorgan drags Dow lower
Investors are gearing up for a consumer inflation print seen as crucial to determining the size of the first US interest-rate cut in years.
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Why there's a 'fine line' between below-trend growth & recession
Recent market volatility and the rise in the unemployment rate sparked fears of a potential recession. In this episode of Stocks In Translation, Yahoo Finance senior reporter Alexandra Canal, along with Yahoo Finance producer Sydnee Fried, sit down with Michael Darda, chief economist and macrostrategist at ROTH, to discuss the state of the economy and recession fears. "What's unfolding now actually makes a lot of sense to me," Darda says. "It's just been a rocket ship since the fall of 2022. And... we went almost a year without a 2% pullback until the volatility started in the middle of July of this year. So this is actually more normal than what we were dealing with before." "The consensus view before the volatility storm hit this summer was soft landing, smooth sailing," Darda explains. "What ends up happening is," the word recession "is sort of thrown out there anytime... the stock market starts to stumble." On the unemployment rate, Darda says, "the problem... is that... we're up to 4.3 from a cyclical trough of 3.4. Those kinds of movements and the level tell us that the economy, if it's still growing is... growing below trend, below the growth rate of potential. There's an exceptionally fine line between that and an actual contraction recession." "Most investors really should play a... slow and steady game where they're diversified, but they don't react... to market swings. Because what tends to happen is you don't realize that a market swing has taken place until it's largely over... Our view has been to stick with the more defensive sectors of the S&P 500 (^GSPC)." Darda adds that "we're probably in an environment now where volatility is going to stay elevated. The risk of a more material pullback and or correction is quite high. That will also bring opportunities... I think we're gonna be in, in choppy waters for a little bit." Find more episodes of Stocks in Translation here. This post was written by Mariela Rosales.
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Stock market today: Nasdaq, S&P 500 see worst week of the year in volatile start to September
The pivotal August jobs report will provide clues to the size of the Fed's rate cut this month and the health of the economy.
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The US economy may be on 'thinner' ice than investors think
Investors are increasingly confident the US economy will achieve a "soft landing." That may not be the case, according to one strategist.
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This NFL season is about to show how fast the sports TV landscape is changing
The streaming boom has massively altered how viewers consume sports.
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Disney CEO Bob Iger says he's 'obsessed' with finding his replacement. The clock is ticking.
Disney CEO Bob Iger is searching for his replacement as the company attempts to navigate an uncertain future.
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Paramount stock falls 7% as buyout saga appears to finally reach conclusion
Paramount Global's messy merger drama finally appears to have reached its conclusion.
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Stock market today: Dow ekes out another record as investors await Nvidia earnings
Stocks are struggling to find a footing as Nvidia's high-stakes earnings loom.
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Netflix stock secures record close as company touts ad sales ahead of NFL, WWE debuts
Netflix stock just hit an all-time high. Here's what's fueling the recent rally.
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Stock market today: S&P 500, Nasdaq snap 8-day winning streak as focus turns to Jackson Hole
Markets are marking time as anticipation builds for Fed Chair Powell's speech at Jackson Hole, expected to usher in a rate cut.
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Americans think they'll be out of work and are looking for jobs at highest rate in 10 years: NY Fed survey
More Americans are looking for jobs as unemployment concerns rise to their highest level in a decade.
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AMD, Palantir, fuboTV: Top stocks making news today
AMD, Palantir, and FuboTV were among the stocks making moves on Monday.
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Streaming turns a corner as Disney, Paramount report profits — but that doesn't solve all of media's problems
Both Paramount Global and Disney reported their first quarter of profits in their respective streaming businesses, signaling a significant shift in the industry after multiple quarters of bruising declines.
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Sports streaming service from Disney, Fox, and Warner Bros. Discovery blocked by judge citing antitrust concerns
A judge has temporarily blocked the launch of Venu Sports, the upcoming sports streaming partnership among Disney's ESPN, Warner Bros. Discovery, and Fox.