Friday, March 13

GDP revives rate cut bets, Amazon to hike prices for ad-free Prime


00:04 John Highland

Time for Yahoo Finance’s Market Minute. I’m John Highland.

00:07 John Highland

We’re halfway into the trading day on the final trading day this week and stocks are looking to be in the red. They’re going to close the week lower.

00:15 John Highland

This has been the third consecutive day of declines. We saw a little bit of gains at the open today, but it looks like they will be closing lower for a fourth consecutive day.

00:23 John Highland

This comes as the US ramps up its attacks on Iran.

00:26 John Highland

I want to switch it over to the bond market because you actually are seeing short-dated yields come down a bit as traders reprice in rate cuts this year.

00:32 John Highland

We had some weakening economic data. We had a second read on fourth quarter GDP that came in actually half of what it was before. We originally saw 1.4% growth in the fourth quarter of 2025.

00:43 John Highland

It’s now been revised down to 7/10ths of 1%.

00:45 John Highland

And just very quickly, I want to take a look at Amazon. Uh the e-commerce giant is bumping up the price of its ad-free Prime video by uh in the US by $2 a month.

00:54 John Highland

Uh the new service is going to be uh now $5 a month for consumers.

00:58 John Highland

And that’s your Yahoo Finance Market Minute.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *