Yellen talks up stocks, oil – Yahoo Finance

7 months ago Comments Off on Yellen talks up stocks, oil – Yahoo Finance

Yahoo Finance’s Midday Movers begins at 12 p.m.

Stocks (^DJI^GSPC^IXIC^RUT) were relatively quiet today until the remarks of Federal Reserve Chair, Janet Yellen, in front of the Economic Club of New York were released at 12:20 p.m. Risk markets are running with her dovish statements, with the S&P 500 and Dow Industrials positive on the day. Crude oil is also rallying, but lagging equities.

Stephen Guilfoyle, managing director of floor operations for Deep Value Execution Services, joins us live from the floor of the New York Stock Exchange to discuss the markets. Joining Yahoo Finance’s Alexis Christoforous to discuss some of the other big stories of the day are Yahoo Finance’s Nicole Sinclair and Melody Hahm.

Music wars

Spotify may be the king of streaming, but it has a target on its back. Soundcloud announced it is launching a paid subscription service, SoundCloud Go, in the U.S. that will launch globally later this year. The service costs $9.99 per month for Android and Web users and $12.99 for Apple iOS users.

Minimum Wage Gap

There’s a glaring gap forming between the minimum wage mandated by states and that which is actually paid at state universities. In New York, it’s the difference between $9 an hour, the state’s minimum, and $15 an hour, which both Columbia and NYU have recently announced they will be implementing over a period of years.

War of the Roses

Wynn Resorts is best know for it’s high-end Vegas hotels and casinos, but the long battle between the founders of the operation is now taking centerstage. Elaine Wynn is suing her ex-husband, Steve Wynn, for engaging in quote “reckless, risk-taking behavior” that could lead to losses at the company.

Yellen talks up stocks, oil – Yahoo Finance}