U.S. stocks are coming off of their best week since June, and Wall Street’s ability to extend the winning streak in days ahead likely hinges on news out of the retail sector. Lighter inflation data rekindled investor hopes that a monetary policy shift is near, and key earnings results from […]
Finance
In something of a change this earnings season, an electric carmaker (other than Tesla) actually reported a profit for the quarter. Polestar (PSNY), the Swedish-based company backed by Volvo and China’s Geely, reported its first gross profit as a public company since completing its SPAC merger earlier this year. For […]
AMC (AMC) CEO Adam Aron is preparing to go on a shopping spree if struggling theater operators begin to sell their locations amid financial struggles. “I think there’s going to be an opportunity for us to pick up theaters quite inexpensively and pick up really high-quality theaters and potentially quite […]
The Federal Reserve raised the target federal funds rate by 0.75 percentage point for the fourth time in a row on Wednesday, marking an unprecedented pace of rate hikes. The U.S. central bank has raised the benchmark short-term borrowing rate a total of six times this year, including 75 basis point […]
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 Friday, Nov. 4, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and […]
The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021. Shannon Stapleton | Reuters A New York state judge has approved the appointment of a special monitor to oversee the Trump Organization’s financial statements and reports, and has barred […]
Elon Musk sent Twitter staff a memo on Thursday confirming job cuts would be announced on Friday.Muhammed Selim Korkutata/Getty Images A Twitter employee who’s eight months pregnant says her laptop access was “cut off” on Thursday. The content marketing manager, who also has a nine-month-old baby, has worked at Twitter […]
Elon Musk’s Twitter is sending out layoff notices to employees.Muhammed Selim Korkutata/Getty Images Twitter is notifying staff that have been laid off over email. The layoffs are expected to affect about 50% of Twitter’s employees. Read the blunt email that notified one Twitter employee they had been laid off. Twitter […]
Supreme Court nominee and U.S. Court of Appeals Judge Amy Coney Barrett on Capitol Hill in Washington, October 21, 2020. Ken Cedeno | Reuters The Supreme Court on Friday rejected a second request to block the Biden administration’s student loan debt relief program. Justice Amy Coney Barrett denied an emergency […]
The U.S. economy added more jobs than expected in October even as the Federal Reserve pressed on with the central bank’s most aggressive monetary tightening campaign in decades. Here are the highlights from the Labor Department’s monthly jobs report released Friday, compared to consensus estimates from Bloomberg: Non-farm payrolls: +261,000 […]
Chipotle (CMG) posted third quarter 2022 earnings results Tuesday after market close that slightly beat market expectations. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to Bloomberg consensus estimates: Revenue: $2.2 billion versus $2.24 billion expected Adj. earnings per share (EPS): $9.51 versus $9.23 expected Same-store […]
Britain’s new Prime Minister Rishi Sunak delivers a speech outside No. 10 Downing Street in London on Oct. 25, 2022. Hannah Mckay | Reuters LONDON — Rishi Sunak on Tuesday became the U.K.’s third prime minister of the year following a meeting with King Charles III. The tradition sees the […]
Microsoft (MSFT) reported earnings for the most recent quarter after the closing bell, beating analysts’ expectations on the top and bottom line, despite cloud sales growth falling to 20% year-over-year. Here are the most important numbers from the report compared to what analysts were expecting from the company. Revenue: $50.1 […]
Adidas cutting ties with the one-time juggernaut Yeezy brand is going to sting, one Wall Street analyst explained. “They will continue to launch designs,” Bernstein analyst Aneesha Sherman said on Yahoo Finance Live (video above), adding: “They won’t obviously use the Yeezy name anymore. … I think Adidas will retain […]
Rishi Sunak has been named as the U.K.’s new prime minister and the country’s first leader of color. Jeff J Mitchell | Getty Images News | Getty Images LONDON — Britain’s new Prime Minister Rishi Sunak assumed office Tuesday and, with it, one of the most daunting political inboxes in […]
U.S. stocks rose in Tuesday’s trading as Wall Street digested and looked ahead to corporate earnings from some of the market’s biggest players. The S&P 500 (^GSPC) rose by 1.6%, ending the third straight day the index has been up 1%. The Dow Jones Industrial Average (^DJI) edged higher by […]
A Russian court, as expected, upheld WNBA star Brittney Griner’s nine-year sentence for drug possession, rejecting her appeal for reduced punishment. The ruling handed down by a three-judge panel sends Griner to serve out her sentence in a Russian prison colony, unless U.S. officials are able to negotiate her release. […]
Google parent Alphabet (GOOG, GOOGL) reported its third-quarter earnings on Tuesday, falling short of analysts’ expectations on the top and bottom line, as YouTube advertising revenue came up $400 million short of estimates. These are the most important numbers from the report compared to what Wall Street was expecting of […]
Microsoft shares fell about 7% in extended trading on Tuesday after the company reported softer cloud revenue than expected in its fiscal first quarter and gave weak quarterly guidance. Here’s how the company did: Earnings: $2.35 per share, vs. $2.30 per share as expected by analysts, according to Refinitiv. Revenue: […]
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 Friday, October 14, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and […]