With the peak of first quarter earnings season in the rearview, stocks got back to their winning ways last week ahead of a slower calendar for corporate and economic news.
Stagflation concerns have been looming in markets, but Federal Reserve Chair Jerome Powell brushed them aside during his latest press conference. In the face of a weaker-than-expected jobs report and persistent inflation worries, Yahoo Finance's Rick Newman analyzes what this means for President Joe Biden's administration. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
The Biden Administration has officially finalized its tax credit rules for electric vehicles (EVs). One of the provisions outlined in the new rules is a restriction on sourcing critical minerals used in EV batteries from "foreign entities of concern," meaning countries like China. Yahoo Finance's Pras Subramanian sheds light on the implications of this rule for automakers moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith