Tesla CEO Elon Musk sounded sleepy on the EV maker’s earnings call late Wednesday. That’s not surprising given the time needed to try to reduce debt at Twitter, appear in court, study rocket designs, and stay up late the day before the call with the Tesla AI team. Musk did […]
Finance
Electric vehicle leader Tesla Inc (NASDAQ: TSLA) reported fourth-quarter revenue of $24.32 billion, up 37% year-over-year. The revenue total beat a Street estimate of $24.16 billion. Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Street estimate of $1.13. Its vehicle production totaled 439,701 units in the fourth quarter, up […]
This post has been updated. The end of an era is approaching for Bed Bath & Beyond (BBBY), once one of the U.S.’s most beloved home furnishing retailers. Bed Bath & Beyond revealed in its latest regulatory filing that it’s defaulted on its loans and lacks the financial means to […]
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, January 26, 2023 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. […]
U.S. stocks rallied Thursday as investors digested the release of gross domestic product data and another round of corporate earnings. The S&P 500 (^GSPC) increased by 1.1%, while the Dow Jones Industrial Average (^DJI) added by 0.6%. The technology-heavy Nasdaq Composite (^IXIC) rose by roughly 1.8%, led by a more […]
Chipotle (CMG) is out with a new campaign to hire 15,000 full-time and part-time employees ahead of its busiest time of the year, the months of March to May, or what it calls “burrito season.” These hires will be kept on for “ongoing employment” beyond the busy season, a Chipotle […]
Enrollment for health plans through the Affordable Care Act, or Obamacare, insurance marketplaces reached a record high during this year’s open enrollment period, a feat applauded by President Joe Biden this week. “I promised to lower costs for families and ensure that all Americans have access to quality, affordable health […]
World Wrestling Entertainment (WWE) stock caught an upgrade from analysts at Wells Fargo on Tuesday as the sports media giant continues its search for a buyer. The bank upgraded shares to Equal Weight from Underweight and upped its price target to $100 from $52 a share in a new note, […]
Disney (DIS) has hit back at activist investor Nelson Peltz amid its ongoing proxy battle with the hedge fund billionaire. “Nelson Peltz does not understand Disney’s businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem,” Disney said in […]
Today we will run through one way of estimating the intrinsic value of AMC Entertainment Holdings, Inc. (NYSE:AMC) by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. There’s really not all that much to it, […]
By most measures, the new year is off to a good start. However, economists and business leaders alike predict there are rougher times ahead for the market and the economy. Year to date, the S&P 500 and Dow Jones Industrial Average have advanced about 4% and more than 2%, respectively, […]
The Federal Reserve offered new details Tuesday on how it will test the resilience of banks under different climate scenarios. This news comes less than a week after Fed Chair Powell said the central bank is not a climate policymaker, but does have “narrow responsibilities” to oversee risks from climate […]
Tesla (TSLA) dropped the bomb on the auto market with huge price cuts last week, and now Wall Street is catching up with post-game analysis, if you will. In a note called “Analyzing the impact of reduced Tesla vehicle prices,” Goldman Sachs analyst Mark Delaney takes a glass-half-empty, half-full approach. […]
U.S. stocks closed mixed Tuesday as a shortened but busy week packed with corporate earnings got underway on Wall Street. The Dow Jones Industrial Average (^DJI) shed nearly 400 points, or around 1.1%, weighed down by bank stocks after Goldman Sachs (GS) posted its largest earnings miss in a decade. […]
The volatility in the used car market rolled on in 2022, but there might be some relief for car buyers coming this year. The Manheim Used Vehicle Value Index (MUVVI) for the month of December posted a 0.8% increase in wholesale auto prices month over month, however it dropped a […]
U.S. stocks closed higher Tuesday, even as Wall Street processed hawkish rate talk from Federal Reserve officials and remarks on inflation from Chair Jerome Powell at an event hosted by Sweden’s central bank. The S&P 500 (^GSPC) rose 0.7%, and the Dow Jones Industrial Average (^DJI) added nearly 200 points, […]
Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages amid regulatory pressure and the impact of higher interest rates. Instead of its previous goal of reaching as many Americans as possible, the company will now focus on home loans for existing bank and wealth management customers and […]
Bed Bath & Beyond continues to struggle mightily. The near-dead home goods retailer released its long-awaited holiday quarter results on Tuesday morning, and the picture is not pretty. Here are seven numbers that stood out to Yahoo Finance and help explain why the company is on the brink of ruin: […]
Federal Reserve Chairman Jerome Powell on Tuesday emphasized the need for the central bank to be free of political influence while it tackles persistently high inflation. In a speech delivered to Sweden’s Riksbank, Powell noted that stabilizing prices requires making tough decisions that can be unpopular politically. related investing news […]
Elon Musk has set a Guinness World Record for losing the most wealth ever. The Tesla and Twitter CEO erased so much of his money since November 2021 that he’s broken the world record for the “largest loss of personal fortune in history,” the global organization that keeps track of record achievements said in a […]