Mortgage rates dropped below 7% this week, but remain high enough to keep price-rattled homebuyers on the sidelines. The rate on the average 30-year fixed mortgage fell to 6.95%, down from 7.08% the week prior, according to Freddie Mac. Still, rates are 3.73 percentage points higher since the start of the year, the largest year-to-date increase in over 50 years. Sharply higher rates in combination with elevated home prices and still-high inflation have triggered a fight-or-flight response… Source link

Starbucks is expected to report its fiscal fourth-quarter earnings on Thursday after market close as the coffee giant navigates higher prices, ongoing unionization efforts, COVID-19 lockdowns in China, and more. Here’s what Wall Street expects from the Seattle-based company, according to a Bloomberg consensus estimates: Revenue: $8.31 billion expected Adj. earnings per share (EPS): $0.72 expected U.S. Same Store Sales: 7.78% expected International Sales: -8.23% expected China Sales: -21.70%… Source link

Warner Bros. Discovery (WBD) is set to report third quarter earnings after the bell on Thursday after the company swung to a $3.42 billion loss in the second quarter amid consolidation challenges. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $10.37 billion expected Adj. loss per share: -$0.17 expected Total DTC subscribers: 3.27 million net additions expected Increased restructuring charges, macroeconomic challenges like foreign exchange headwinds, further… Source link

As the multi-year discussion over “green” hydrogen rules continues in Brussels, the US tech giant Google, leading an alliance of several major companies, has called for more restrictions on what can constitute green hydrogen, countering those who seek looser rules.  Hydrogen, an important vector of energy, can be produced using coal, gas, or electricity. The climate-neutral and desirable kind is produced using renewable electricity, creating “green” hydrogen. The… Source link

Russia’s Yandex posts 46% jump in revenues in Q3 | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County

Illustration: Aïda Amer/Axios Google’s research arm on Wednesday showed off a whiz-bang assortment of artificial intelligence (AI) projects it’s incubating, aimed at everything from mitigating climate change to helping novelists craft prose. Why it matters: AI has breathtaking potential to improve and enrich our lives — and comes with hugely worrisome risks of misuse, intrusion and malfeasance, if not developed and deployed responsibly. Driving the news: The dozen-or-so AI projects that… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Thursday reported net income of $751.9 million in its third quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had net income of $2.02. Earnings, adjusted for non-recurring gains, came to 23 cents per share. The Russian search engine posted revenue of $2.32 billion in the period. _____ This story… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Thursday reported net income of $751.9 million in its third quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had net income of $2.02. Earnings, adjusted for non-recurring gains, came to 23 cents per share. The Russian search engine posted revenue of $2.32 billion in the period. … Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Thursday reported net income of $751.9 million in its third quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had net income of $2.02. Earnings, adjusted for non-recurring gains, came to 23 cents per share. The Russian search engine posted revenue of $2.32 billion in the period. _____ This story… Source link

SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Thursday reported net income of $751.9 million in its third quarter. On a per-share basis, the Schiphol, Netherlands-based company said it had net income of $2.02. Earnings, adjusted for non-recurring gains, came to 23 cents per share. The Russian search engine posted revenue of $2.32 billion in the period. _____ This story… Source link