Brad Smith

    Host

    Brad Smith is an Anchor at Yahoo Finance, covering equity markets and general business news. Formerly he was an anchor at Cheddar, reporting from the New York Stock Exchange. His live reporting has spanned the Opening and Closing Bell, as well as topical shows that focused on: earnings, crypto, healthcare, DEI, and sports. Prior to that, Brad worked in Global Listings Services at Nasdaq. He is a Drexel University alum and during the extended hours, you can find Brad scoping out the latest sneakers, or playing drums, basketball, and/or golf.

  • Inflation, Social Security, Memorial Day sales: Wealth!

    Inflation has permeated its way through many sectors of the economy causing consumer sentiment to dip, but US equities (^GSPC, ^DJI, ^IXIC) are trading at record levels. Edelman Financial Engines Director of Financial Planning Kelli Smith joins to break down some of the best strategies for consumers to fight inflation. Social Security remains a top concern for retirees as latest reports detail it could dry up by 2035. Memorial Day weekend is right around the corner and with it comes great discounts across amny retailers, but should consumers buy in? For more expert insight and the latest market action, click here

  • Investors await Nvidia earnings, commodities on the rise: Morning Brief

    On today's episode of The Morning Brief, Yahoo Finance Hosts Seana Smith and Brad Smith break down some of the market's (^DJI, ^IXIC, ^GSPC) biggest stories and give an overview of the trading week ahead. The stock market opened mixed on Monday, with the Dow Jones Industrial Average opening below its recent record high of 40,000. Morgan Stanley's Michael Wilson, previously bearish on S&P 500 growth, is now bullish on the index's potential, revising his target from 4,500 to 5,400. Meanwhile, metal commodities continue to surge after gold (GC=F) and silver futures (SI=F) reached fresh highs last week. BofA Global Research Head of Metals Research Michael Widmer explains that precious metals are in a "buy-the-dip market." Nvidia (NVDA) is set to post its first quarter earnings for the fiscal 2025 year on Wednesday. Moor Insights & Strategy Founder and CEO Patrick Moorhead believes the chip company will outperform expectations, citing increasing demand as the artificial intelligence race heats up. AI is increasingly becoming a trend, as the number of times AI has been mentioned on earnings calls this quarter has notably risen compared to last quarter, according to Goldman Sachs Investment Research. Veteran market strategist and founder of RandyFrederickMedia.com Randy Frederick adds that "AI is going to change things as much as the Internet did when it came about 30, 40 years ago." All eyes are on Paramount (PARA, PARAA) as Sony (SONY) and Apollo Global (APO) have reportedly signed non-disclosure agreements in their latest efforts to court the media giant. On the healthcare front, Hims & Hers Health (HIMS) stock has jumped on the announcement that the telehealth provider will introduce compounding injectable GLP-1 weight-loss drugs to its services. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

  • Budgeting tips for battling high inflation

    In the face of lingering inflation, consumers are grappling with the pinch on their wallets. Edelman Financial Engines Director of Financial Planning Kelli Smith joins Wealth! to discuss strategies for combating inflation. Smith emphasizes the importance of being proactive, stating that individuals need "to get out in front of it." She advises those preparing for "an inflationary environment" to prioritize saving and building an emergency fund, while focusing on minimizing debt as much as possible. Smith encourages individuals to ensure that their "expectations are flexible," acknowledging that they cannot control external factors. She advises identifying areas where downsizing and cost control are possible, saying it's important to "change behaviors where needed but really to have a flexible mindset." "The first thing is to have a plan. Having a plan means that you're gonna be able to calculate how much you need to save for the long term, how much emergency savings you have, and in other ways, it's gonna help you combat inflation over time." Smith told Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • Target slashes prices on 5,000 items: Here's why

    In an era of increased inflationary pressures, consumers are seeking out bargains and value-driven offerings. This trend has prompted retail giant Target (TGT) to adopt a new pricing strategy, slashing prices on a range of consumer staple items across their stores. Ahead of the highly anticipated summer season, Target has announced price reductions on approximately 5,000 items, with 1,500 of these items getting immediate markdowns. Yahoo Finance's Madison Mills breaks down the details of this strategic move ahead of their earnings report. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • Memorial Day sales: What to buy and what can wait

    Memorial Day Weekend is right around the corner. With the holiday comes holiday discounts across many retailers. As inflation continues to bite into consumer wallets, what is worth buying now and what should you wait on to find a better deal? Wells Fargo Retail Finance Managing Director Adam Davis joins Wealth! to break down the best places consumers should consider buying into discounts and what should wait for another opportunity down the line. On what to hold off on, Davis claims "I think what you'll see is at the end of the season, that's where heavy discounts will come into play. I think for grills and outdoor furniture... it's very tempting to buy now. I think if you have a specific item that you absolutely have to have, then kind of shop around, kind of hunt, do some price comparisons. But if you are patient or able to wait until the tail end of the season, you should be able to see kind of bigger discounts." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

  • Red Lobster files for bankruptcy, blames unlimited shrimp deal

    Restaurant chain Red Lobster has filed for Chapter 11 bankruptcy, citing high labor costs, rising rents, and, above all else, its unlimited shrimp deal. In 2023, Red Lobster announced their $20 endless shrimp deal would become a permanent fixture on their menu. The move ended up costing the company $11 million, and it suffered an overall $76 million loss in the 2023 fiscal year. Red Lobster abruptly closed 93 locations last week ahead of the filing. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

  • This is NOT 'a set it and forget it' environment: Strategist

    As US Equities (^GSPC, ^DJI, ^IXIC) are trading at record highs, with the Dow Jones Industrial Average hovering above a record 40,000, new investing strategies may emerge, but how should investors frame this environment in their portfolios? US Bank Asset Management Group Chief Investment Officer Eric Freedman and Mizuho Securities USA US Chief Economist Steven Ricchiuto joins Wealth! to give insight into investors as how to manage their portfolios as markets reach these record high levels. Freedman tells investors to keep the Fed in mind: "The key consideration is where will we actually see interest rates settle out over time. And there's been a little more of a reconciliation between the Fed and the market in 2024. But 2025 and 2026 there's a bit of a disparity there. And one of the reasons why we think there's a disparity is because we think that the market expects commodity inflation to actually hang around and potentially even inflate from here. So one of the things that we're doing in portfolios is actually hedging with physical commodities."Freedman also affirms this market is "Probably never a set it and forget it just because it is... one of those environments where where things are moving around quite a bit." He also lays out three areas where he is focusing right now: energy, technology, and the equal-weighted S&P. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

  • Social Security could run out in 2035: Implications for retirees

    The Social Security Trust Fund is set to run out in 2035, one year later than expected, according to a Social Security & Medicare Trustees report. Yahoo Finance's Kerry Hannon joins Wealth! reports more on the story and how you should be planning for your retirement. "Social Security is clearly one of the biggest fears that people have when they look towards their retirement income," Hannon explains. The report calculates a 17% cut in benefits if Congress does not take action within the next 10 years. Hannon adds that younger generations should start saving and investing as early as possible to be over-prepared in case they cannot rely on Social Security benefits when they reach retirement age. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Melanie Riehl

  • Inflation is a 'double-edged sword' for economy: Strategist

    US equities (^GSPC, ^DJI, ^IXIC) are on the up and up as the Dow Jones Industrial Average tries to assert dominance over its record 40,000 benchmark and the S&P 500 remains above 5,300. However, consumer sentiment has fallen to its lowest point since November 2023 as American consumers still cite inflation as their biggest financial worry. US Bank Asset Management Group Chief Investment Officer Eric Freedman and Mizuho Securities USA Chief Economist Steven Ricchiuto join Wealth! to discuss the current economic landscape and give insight as to why consumer sentiment remains low as markets trade at record levels. On the pressure consumers are facing, Ricchuito offers: "It's the level of prices. Prices went up substantially in the post-COVID environment and they continue to be at a high inflated level. And that is really eating into household disposable income in terms of their discretionary spending. Now, on the other side of this equation, the inflation is helping corporate America produce solid earnings. And as a result, it's driving the equity market." Freedman states that not only is inflation affecting corporate earnings. "but also the housing market and one of the things that you're seeing is that if you own a house, your house value has probably gone up. You're spending more money. If you don't own a house, you want one, it's of course very difficult to get one. Both with respect to housing prices, but then also the cost of financing. So that has a double-edged sword effect, if you will." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

  • P/E Ratio: Just what exactly is it? YF Explains

    The price-to-earnings (P/E) ratio is a metric that provides insight into a company's valuation by comparing its share price to its earnings per share. Yahoo Finance's Brad Smith breaks down this term, explaining what it measures, and what it reveals about a company's financial health. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith

  • Nvidia: Why investors shouldn't worry if earnings are weak

    As Nvidia (NVDA) is set to report earnings on Wednesday after the closing bell, veteran market strategist and founder of RandyFrederickMedia.com Randy Frederick joins Morning Brief to break down how the chip company's results could impact the market. "AI is going to change things as much as the Internet did when it came about 30, 40 years ago," Frederick says, highlighting the importance of Nvidia's chips in the field. He explains that Nvidia is in a strong position, and if the company misses expectations, "a weak quarter is not going to make AI go away, and it's not the end of the world." He adds that the company still has a lot of upside, and a potential dip in the stock could be a buying opportunity. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

  • Morgan Stanley's Mike Wilson raises S&P 500 target to 5,400

    Morgan Stanley's Michael Wilson, previously bearish on the growth prospects of the S&P 500 (^GSPC), has now turned bullish on the index's potential. Once concerned about a potential downturn due to economic uncertainty, Wilson has now revised his target from 4,500 and upgraded it to 5,400. 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

  • Precious metals are in a 'buy the dip market': Expert

    BofA Global Research Head of Metals Research Michael Widmer joins Morning Brief to discuss the recent rise in commodity trading, specifically in precious metals like gold (GC=F), silver (SI=F), and copper (HG=F), and why he feels bullish on this sector. "This is firmly a buy-the-dip market. I think what we need to see at this junction is maybe a little bit stronger Chinese demand, maybe a little bit stronger demand from the Western consumers as well. And if that comes through, I think if we had a dip now, that would take us then very swiftly back up," Widmer affirms. When asked about the Chinese demand for copper, Widmer claims: "So you have the green industries which have carried the copper market in China. So that's... solar, that's wind, that's the EV side of things. And then a lot of the traditional economy, like the housing market, actually, subtracting from the copper demand. So what would make me much more comfortable at this junction is if we continue to see the green spending coming through while we have a little bit of a lower drag from the housing 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

  • Ryanair posts record annual profit, announces share buyback

    Budget airline Ryanair (RYAAY, RYA.IR) posted a record annual profit of €1.9 billion and reported a 9% increase in passenger traffic despite the delay in deliveries of new planes from Boeing (BA). Ryanair also announced a €700 million share buyback. Yahoo Finance's Brad Smith and Seana Smith break down Ryanair's results. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Stephanie Mikulich.

  • Li Auto stock slides on Q1 earnings, net profit decline

    Shares of Li Auto (LI) are falling in Monday's pre-market session after the Chinese car company reported net profit declines and missed quarter-over-quarter EV delivery estimates. Morning Brief Hosts Seana Smith and Brad Smith check out the electric vehicle maker's latest earnings print. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Sony, Apollo Global take another step in Paramount talks

    Sony (SONY) and Apollo Global (APO) have taken a step forward in their efforts to court Paramount (PARA, PARAA), as the two groups have signed non-disclosure agreements with the media giant, according to a report from The New York Times. Yahoo Finance's Seana Smith and Brad Smith break down the latest move and what it could mean for Paramount's future. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl Editor's note: Apollo Global Management is the parent company of Yahoo.

  • Iran's president, foreign minister killed in helicopter crash

    Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian were killed in a helicopter crash, according to state media. The country's Supreme Leader Ayatollah Ali Khamenei ordered five days of national mourning and appointed First Vice President Mohammad Mokhber as acting president. Yahoo Finance Senior Columnist Rick Newman breaks down the story and what it could signal for Iran's future. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl

  • Nvidia will 'clearly beat expectations': Analyst on earnings

    Nvidia (NVDA) is set to post its first-quarter earnings for the fiscal 2025 year this Tuesday, May 22. Many on Wall Street will have their eyes set on the chip-making giant since it was the leader of previous rallies seen in the market and may be a signal of what's to come going forward. Moor Insights & Strategy Founder and CEO Patrick Moorhead joins Morning Brief to give insight into the upcoming earnings and what investors should expect from its potential impacts on the market (^DJI, ^IXIC, ^GSPC). Moorhead believes Nvidia will outperform expectations: "The company is going to clearly beat expectations on top line and EPS and will likely see a very positive guide. And I base a lot of this analysis on 2 or 3 core things, which is look at demand. Demand is off the rails. What's development risk? Somewhat low because Blackwell is very similar to the previous chip they had. And then there's manufacturing. There could be some risk in manufacturing from TSMC (TSM) and that would be the place to look." 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

  • AI mentions in earnings calls surges, even beyond tech

    The number of times AI has been mentioned on earnings calls this quarter has notably risen compared to last quarter, according to Goldman Sachs Investment Research. But it's not just being mentioned in calls from tech companies. One of the largest rises in mentions comes from the energy sector, which grew by over 45%. Yahoo Finance's Brad Smith and Seana Smith break down where AI is getting a shoutout. 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

  • Stocks search for direction as Dow opens below 40,000

    Stock market averages (^DJI, ^IXIC, ^GSPC) open Monday's session mixed, the first session after the Dow Jones Industrial Average's historic close above 40,000. Yahoo Finance's The Morning Brief examines the market and sector gains after the opening bell. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.