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, December 16, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. […]
Finance
The bulls probably don’t want to hear this, but the bottom for this current bear market cycle may not be in place yet. “Frankly, the history of bear markets is such that when you think about it in the context of that October low that we had, no bear market […]
This post was originally published on TKer.co Stocks tumbled last week, with the S&P 500 falling 2.1%. The index is now up 7.7% from its October 12 closing low of 3,577.03 and down 19.7% from its January 3 closing high of 4,796.56. Last week’s sell-off came as the Federal Reserve […]
The stock market is on track to take a leg lower this week as investors swerved to assess what kind of damage the Federal Reserve has already done to the economy following a series of aggressive inflation-fighting rate hikes. “We believe that yesterday was yet another example of how investors […]
Getting a new home is one of your most significant purchases. Therefore, before you start shopping for the one you wish to get, choosing the best mortgage options based on your preferences is vital. Of course, the first step is to find ways to finance a purchase because it is […]
Pharvaris N.V. Announced positive top-line data for RAPIDe-1, a global Phase 2 study of PHVS416 for the on-demand treatment of HAE attacks Participated in a Type A meeting with the FDA regarding the previously announced holds on the clinical studies of PHA121 in the U.S. Top-line data from CHAPTER-1, a […]
Investors searching for that feeling telling you market sentiment is shifting to a more positive outlook have been brought down to earth again. Following 2022’s market behavior to a tee, the recent rally has run into a brick wall. To wit, the S&P 500 notched 5 consecutive negative sessions over […]
SAN FRANCISCO, Dec. 8, 2022 /PRNewswire/ — DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature product as part of its industry leading lineup, today announced results for its fiscal quarter ended October 31, 2022. DocuSign, Inc. (PRNewsFoto/DocuSign, Inc.) “We delivered solid third quarter results, and are pleased with […]
ISSAQUAH, Wash., Dec. 08, 2022 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the first quarter (twelve weeks) of fiscal 2023, ended November 20, 2022. Net sales for the first quarter increased 8.1 percent, to $53.44 billion from $49.42 billion […]
Carvana (CVNA) shares spiraled Wednesday after the online car retailer’s biggest creditors reportedly signed an agreement to cooperate in potential restructuring negotiations as the company faces growing bankruptcy risk. The company’s stock plunged nearly 43% on Wednesday. Bloomberg News, citing people familiar with the matter, reported Tuesday that a group […]
The White House is sending $36 billion to buttress the Central States Pension Fund, one of the biggest and most troubled funds that manages the pensions of over 350,000 union workers and retirees. The pending announcement on Tuesday comes about 21 months after President Biden promised $86 billion to troubled […]
U.S. stocks rose Thursday, stymieing this week’s rout across equities from stretching into another day after rate jitters and recession chatter hampered a seasonally bullish period for Wall Street. The S&P 500 (^GSPC) climbed 0.8% after five straight days of losses, while the Dow Jones Industrial Average (^DJI) bounced 180 […]
Disney+ (DIS) has officially launched its ad-supported tier. The new offering — which comes one month after Netflix’s (NFLX) much-anticipated ad-supported debut — costs $7.99 per month, $3 less than the ad-free version of Disney+ which now costs $10.99 per month. “Price hikes are hitting many of the major streaming […]
Reports 27% YoY ACV Billings Growth and Achieves Positive Non-GAAP Operating Income Delivers Outperformance Across All Guided Metrics SAN JOSE, Calif., November 30, 2022–(BUSINESS WIRE)–Nutanix, Inc. (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced financial results for its first quarter ended October 31, 2022. This press release features […]
Cision Q4 FY 2022 Financial Highlights FY 2022 Financial Highlights Revenue: $5.082 billion GAAP earnings per diluted share: $6.29 Non-GAAP earnings per diluted share: $8.90 Cash flow from operations: $1.739 billion Cash, cash equivalents and short-term investments: $1.566 billion MOUNTAIN VIEW, Calif., Nov. 30, 2022 /PRNewswire/ — Synopsys, Inc. (Nasdaq: […]
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 Wednesday, November 30, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. […]
CNN has informed employees that layoffs are underway as parent company Warner Bros. Discovery (WBD) looks to slash $3 billion worth of costs over the next two years. According to an internal memo obtained by Yahoo Finance, CNN CEO Chris Licht wrote to employees on Wednesday: “Our people are the […]
In a nearly 90-minute interview at the New York Times Dealbook Summit on Wednesday, disgraced FTX cofounder and former CEO Sam Bankman-Fried said he “didn’t try to commit fraud” as his crypto empire collapsed in a matter of days earlier this month. Speaking with Andrew Ross Sorkin remotely from the […]
The slide in Amazon stock may be just getting going as concerns mount on the outlook for the tech giant’s costs and top line growth potential, one veteran tech analyst warns. “We believe that Amazon has the most downside in our mega-cap coverage given its exposure to inflationary cost headwinds […]
Spotify (SPOT) is escalating its public battle with Apple (AAPL) over its controversial app store practices. In a lengthy thread posted to Twitter on Wednesday, Spotify CEO Daniel Ek wrote: “As countless entrepreneurs have highlighted, Apple is shameless in their bullying including our recent efforts to help authors sell more […]