Archvest Wealth Advisors

EBay Rejects GameStop’s $55 Billion Takeover Bid

Archvest Wealth Advisors — Fri, 15 May 2026 19:00:00 +0000

The online marketplace called the cash-and-stock proposal “neither credible nor attractive.”

The online marketplace eBay on Tuesday rejected a proposal by GameStop to combine the two companies in a cash-and-stock deal worth about $55 billion, calling it “neither credible nor attractive.”

GameStop announced its proposal last week to combine with eBay, a company nearly four times its size. The offer has confounded much of Wall Street, in part over questions about how the company would afford it. GameStop’s chief executive, Ryan Cohen, initially declined to elaborate on how he would finance the deal and much of Wall Street remains skeptical about the mechanics of a deal.

Lauren Hirsch | The New York Times

Hot CPI report likely to put Fed on guard for longer-lasting inflation. Meanwhile, rate hike odds are rising.

Archvest Wealth Advisors — Thu, 14 May 2026 19:00:00 +0000

April’s hotter-than-expected inflation reading is likely to put the Fed on watch for higher energy costs creeping into other prices, a red line that, if crossed, could raise the possibility of interest rate hikes.

The Consumer Price Index rose 3.8% in April, compared with expectations for a rise of 3.7%, and up from 3.3% in March. Energy prices accounted for 40% of the increase, while shelter and food also surged.

Jennifer Schonberger | Yahoo Finance

Kevin Warsh wins Senate confirmation to Federal Reserve Board of Governors, putting him one step closer to replacing Jerome Powell as chair

Archvest Wealth Advisors — Tue, 12 May 2026 19:00:00 +0000

The US Senate on Tuesday voted 51-45 to approve Kevin Warsh as a governor on the Federal Reserve Board, the first step in a two-step process that would make him the next chair of the central bank.

Senators immediately began voting to limit debate on Warsh’s nomination as chair, setting the stage for that key confirmation vote on Wednesday, just two days before current Fed Chair Jerome Powell’s term expires.

Jennifer Schonberger | Yahoo Finance

Carlyle co-founder David Rubenstein: The market is waiting to see if Fed independence holds

Archvest Wealth Advisors — Thu, 07 May 2026 19:00:00 +0000

Carlyle co-founder David Rubenstein said investors should expect changes at the Federal Reserve under incoming chair Kevin Warsh, including less communication with markets.

But Warsh has a lot to prove on the Fed independence front, he added.

“I think what the market is waiting to see is this: When pressure comes for Kevin Warsh to lower interest rates from the president, will he say, ‘Look, we just can’t do it right now,’ or will he say, ‘Well, that’s what you want to do, we’ll do it,’” Rubenstein told Yahoo Finance at the Milken Institute Global Conference.

Brian Sozzi | Yahoo Finance

‘I of all people should have known’: Michael Burry bails on GameStop holdings after surprise eBay merger bid

Archvest Wealth Advisors — Tue, 05 May 2026 19:00:00 +0000

Michael Burry has gone sour on GameStop (GME) after the video game retailer made an unsolicited $56 billion bid for online marketplace eBay.

“Wall Street does indeed mistake debt for creativity, and does so constantly,” Burry wrote in a Substack post on Monday. “I of all people should have known.” He said that he sold his entire GME position.

Ines Ferré | Yahoo Finance

Brace for eye-popping AI spending plans when ‘Magnificent 7’ earnings roll in

Archvest Wealth Advisors — Thu, 30 Apr 2026 19:00:00 +0000

Investors should brace for eye-popping capital expenditures numbers from major cloud service providers like Amazon (AMZN) and Microsoft (MSFT) when they report earnings this week.

In a new note, JPMorgan strategist Samik Chatterjee offered some fresh estimates on accelerating AI infrastructure spending.

Brian Sozzi | Yahoo Finance

United Arab Emirates to leave OPEC+ in May, dealing blow to oil bloc

Archvest Wealth Advisors — Tue, 28 Apr 2026 19:00:00 +0000

The United Arab Emirates, one of the world’s major oil producers, will leave the Organization of Petroleum Exporting Countries (OPEC/OPEC+) effective May 1, state news agency WAM said Tuesday morning.

The decision “reflects the UAE’s long-term strategic and economic vision and evolving energy profile,” WAM wrote on Tuesday, based on “our national interest and our commitment to contributing effectively to meeting the market’s pressing needs.”

Jake Conley | Yahoo Finance

‘Everyone’s nervous’: Wells Fargo CEO on how businesses and consumers feel about the economy

Archvest Wealth Advisors — Thu, 23 Apr 2026 19:00:00 +0000

Wells Fargo (WFC) CEO Charles Scharf said on Monday that the US economy has been resilient, but he also acknowledged how bad sentiment is among American consumers and businesses.

“Right now, from everything that we see, the economy is still extremely strong,” Scharf said during an interview with David Rubenstein at the Economic Club of Washington, D.C., acknowledging the wide divergence from how consumers are feeling amid uncertainty stemming from the Iran war.

David Hollerith | Yahoo Finance

Why gas prices above $3 per gallon are predicted for the rest of the year — even if Iran peace talks succeed

Archvest Wealth Advisors — Tue, 21 Apr 2026 19:00:00 +0000

Energy observers are increasingly acknowledging a bottom line for motorists that prices at the pump are likely to be elevated for the foreseeable future — no matter what happens in the short term in the Strait of Hormuz and with another round of peace talks on tap this week.

“We will probably see those high prices sticky for longer,” CIBC Private Wealth senior energy trader Rebecca Babin told Yahoo Finance on Monday.

Ben Werschkul | Yahoo Finance

Allbirds shares soar on a very 2026 pivot to AI

Archvest Wealth Advisors — Thu, 16 Apr 2026 19:00:00 +0000

Shares of Allbirds, the 2010s pioneer of trendy sneakers and eco-conscious Millennial marketing, took flight in an almost comical fashion Wednesday morning after the company announced an extremely 2026 pivot: abandoning its environmental agenda and getting into the AI business.

The stock, which had been in the gutter since its November 2021, shot up more than 600% Wednesday. It closed at $14.50, up 582% from Tuesday’s close.

Analysis by Allison Morrow | CNN