LIVE: Stock Market Coverage – Wednesday August 10 Yahoo Finance – Yahoo Finance Source link

British Open champion Cameron Smith has signed a $100 million deal to join LIV Golf, The Telegraph reports. Smith declined to address the report when asked about it Tuesday afternoon. The reported signing marks another significant win for the controversial Saudi-backed golf league as it secures the services of a reigning major champion and one of the game’s rising stars. Smith, 28, is a six-time winner on the PGA Tour. The Australian is less than four weeks removed from securing the British… Source link

Competition in the streaming space is increasingly getting fierce, with more providers vying for subscribers at a time when signs of saturation in the market are starting to emerge. With the streaming market expected to “significantly cool” over the next five years, according to PwC’s annual Global Entertainment & Media Outlook, streamers are being forced to adapt to a rapidly changing landscape. “As the streaming wars continue, we will end up with three or four winners,” Needham Analyst… Source link

Former Seattle Seahawks, Oakland Raiders and Buffalo Bills running back Marshawn Lynch was arrested Tuesday for allegedly driving under the influence in Las Vegas, police confirmed. Lynch, 36, was pulled over near the Las Vegas Strip around 7:25 a.m., according to TMZ, but reportedly did not submit to a breathalyzer test. Lynch retired from the NFL — again — following the 2019 season with the Seahawks. It was his third retirement since 2015: Lynch initially called it quits in 2016, only… Source link

As we approach the final stage of the NFL’s personal conduct ramifications for Cleveland’s Deshaun Watson, there are no shortage of questions and a vast supply of frustration and vague answers surrounding the case of the Browns quarterback who was accused of sexual misconduct or sexual assault against multiple women, a violation of the league’s personal conduct policy. It’s partly due to Watson’s case being the first test to an altered disciplinary system and because the first arbitrator… Source link

The renewed push higher in meme stocks this month is unlikely to be a carbon copy of the frenzied activity seen in early 2021, one strategist explained. “That might have been a once-in-a-lifetime move with what we saw in the past,” Ihor Dusaniwsky, managing director at S3 Partners, said on Yahoo Finance Live (video above). “What we’re seeing is just reemergence of the meme stocks on different time periods, where you’ve got this retail base that’s moving the stock up. Institutions are long and… Source link

Disney (DIS) is set to report its fiscal third quarter earnings on Wednesday after the bell as the company works to provide more clarity on its direct-to-consumer strategy while also battling macroeconomic headwinds. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $21 billion expected Adj. earnings per share (EPS): $0.96 expected Disney+ subscriber net additions: 10 million expected Parks, experience and consumer products: $1.78 billion expected Although… Source link

Novavax (NVAX) missed Wall Street expectations Monday after its second quarter earnings showed softer-than-expected demand in global vaccine sales, forcing the company to slash its 2022 outlook by 50% to $2 billion. While at least $400 million in revenue has come in since July 1, the company has not fulfilled orders for low- and middle-income countries (LMICs) through the global COVAX program and anticipates no further orders from the U.S. this year, according to company executives Monday. But… Source link

New York Jets right tackle and 2020 first-round pick Mekhi Becton will likely miss the entire 2022 after injuring his right knee during training camp on Monday, head coach Robert Saleh confirmed Tuesday. Becton will get a second opinion, per Saleh, but the Jets coach didn’t sound too confident it would reveal anything different. Saleh initially expressed optimism about the injury, telling reporters on Monday that “everything seems fine.” But sources told NFL Network’s Mike Garafolo and Ian… Source link

U.S. stocks extended losses Tuesday as investors assessed earnings and prepared for a series of key inflation reports due out later this week. The S&P 500 ticked fell 0.5%, while the Dow Jones Industrial Average ticked down about 0.1%. The tech-heavy Nasdaq tumbled 1.5% as a warnings from Micron Technology (MU) weighed on chip and technology stocks. Shares of Micron fell 5% after the memory chipmaker said its fourth-quarter revenue may come in on par with or below the bottom end of a forecast… Source link