A short-term saver? Say thanks to the Federal Reserve. One benefit of the Fed’s interest-rate hikes aimed at wresting control over inflation is that savers looking for a safe investment for a year or less can now get the best yields in ages from Treasury bills, or T-bills. Savings rates have jumped from just about zero to more than 4% in the past 12 months on these short-term securities issued by the federal government. On Jan. 24, a one-year T-bill was yielding 4.7%, up from a rate of 0.57%… Source link

Meta (META) Meta Platforms shares soared after the social media giant announced fourth quarter sales of $32.17 billion which beat analyst expectations of $31.65 billion. The company also announced a $40 billion boost to its stock buyback program. Facebook’s daily active users of 2 billion beat analyst estimates of 1.98 billion. e.l.f Beauty (ELF) e.l.f Beauty quarterly results came in above expectations, with net sales of $146.5 million versus Wall Street analyst average estimates of $122.5… Source link

Thursday is a big day for tech earnings as Alphabet, Amazon and Apple all are set to report their quarterly results. Video Transcript SEANA SMITH: Well, it is a big tech trifecta. Amazon, Apple, Alphabet all reporting after the bell tomorrow. Here with what we can expect, we have Yahoo Finance’s seniors tech reporter Allie Garfinkle and tech editor Dan Howley here. We got all of your bases covered because tomorrow is certainly going to be a busy day after the bell. Allie, let’s kick it off… Source link

Federal Reserve Chairman Jerome Powell is keeping his distance from the ongoing debt ceiling brinkmanship. “There’s only one way forward here and that’s for Congress to raise the debt ceiling so that the United States can pay all of its obligations when due,” he said during a press conference Wednesday. Powell appeared before reporters after the Federal Reserve on Wednesday raised short-term interest rates by a quarter-point, bringing its benchmark rate to the highest level since October… Source link

Yahoo Finance Live’s Seana Smith looks at several stocks trending in the after-hours trading session. Video Transcript SEANA SMITH: Let’s take a look at what’s trending after-hours. We’ve got three stocks for you. And as you can on your screen, a lot of green. Let’s kick it off with Meta. We’re looking at gains of just about 18% in extended trading. Revenue very strong for its most recent quarter, beating the Street’s estimates, coming in just above $32 billion. Daily active users was also… Source link

Tech editor Dan Howley takes a closer look at Meta’s latest earnings beat alongside updates to its share buyback program. Video Transcript DAVE BRIGGS: All right, earnings alert here, investors hitting the like button on Meta earnings, up 13 plus percent after-hours after the company released its fourth quarter earnings. Share buyback, revenue beat. Dan Howley here with the most surprising thing you saw in this report. What do investors like, sir? DAN HOWLEY: Yeah, obviously, the stock buyback… Source link

Yahoo Finance’s Seana Smith reports on how Meta stock is trading after hours following the Facebook parent company’s Q4 earnings results. Video Transcript SEANA SMITH: All right, Dan, sorry to cut you off here. We just want to jump in with Meta earnings because they are out. So let’s get to the numbers here. Taking a look at the stock reaction, look at that, up just about 12% here. Revenue coming in stronger than expected, 32.17 billion. The estimate on the Street was for 31.65 billion…. Source link

Ginger Zee claps back at a critic of her gray hair. (Photo: Roy Rochlin/Getty Images). For Ginger Zee, it’s just hair, don’t care. The ABC News chief meteorologist, 42, took to Twitter on Wednesday to respond to someone who told her to “Loose the new [hairdo], [you’re] a pretty woman but that doesn’t look good at all.” Zee wrote back, “Thanks for your opinion Gary. The great part about it is I like it and so do lots of other folks. And it’s hair. It changes and grows, falls out & grays… it… Source link

De’Aaron Fox will look to have a huge game against the Spurs. After a light schedule Tuesday, we’ll have nine games to enjoy Wednesday. There are a few exciting matchups, including when the Celtics host the Nets. Stephen Curry and the Warriors will also be in action when they take on the Timberwolves in Minnesota. Let’s dive into all the matchups and highlight some players to consider for your Yahoo lineups, as well as a few to possibly avoid. GUARDS De’Aaron Fox, SAC at SA… Source link

Meta (META) reported its Q4 2022 earnings today after the bell, and the Facebook parent beat key revenue expectations and growing losses on its metaverse operation. It also announced a $40 billion stock buyback plan. Here’s what the key numbers looked like, as compared to analysts’ estimates compiled by Bloomberg. Q4 Revenue – $32.17 billion actual versus $31.65 billion expected Advertising Revenue – $31.25 billion actual versus $30.86 billion expected Adjusted Earnings Per Share (EPS) –… Source link