Yahoo News

Transformation ‘well underway’ despite Q1 outlook

January 26, 2024 Yahoo News 0

Transformation ‘well underway’ despite Q1 outlook

Intel (INTC) shares sink lower Friday morning after releasing less than optimistic first-quarter guidance than Wall Street was hoping for from the chipmaker. Intel topped fourth-quarter earnings estimates, but its wavering confidence in 2024 may be weighing on other semiconductor stocks. Intel CEO Patrick Gelsinger sits down with Yahoo Finance Executive Editor Brian Sozzi to assess investor sentiment over the first-quarter outlook, detailing Intel’s investment in its foundry — or… Source link

Read More »

Stocks mixed as Intel outlook chills techs

January 26, 2024 Yahoo News 0

Stocks mixed as Intel outlook chills techs

Stocks retreated Friday following a gloomy outlook from Intel and as investors parsed a key inflation reading seen as influential in the timing of an interest rate cut. The S&P 500 (^GSPC) rose above the flatline after a winning Thursday saw the benchmark close at another record high. The Dow Jones Industrial Average (^DJI) edged up 0.2% or about 80 points, while the tech-heavy Nasdaq Composite (^IXIC) sank 0.1% Techs led the way lower after Intel’s (INTC) first quarter outlook fell well short… Source link

Read More »

Mamba mission: How Kobe Bryant’s immense legacy still influences today’s superstars

January 26, 2024 Yahoo News 0

Mamba mission: How Kobe Bryant’s immense legacy still influences today’s superstars

LaMelo Ball looked up, flung his shooting wrist and unleashed a smile that seemingly said it all — the effect of Kobe Bryant. “You throw a little piece of paper in the sky and yell, ‘Kobe!’” Ball told Yahoo Sports. Ball isn’t someone who would’ve considered the late Kobe Bryant a big source of inspiration, but as a Southern California kid who was coming of age during the back end of Bryant’s prime — their birthdays are separated by a day, with Bryant born Aug. 23 and Ball a day… Source link

Read More »

Fed’s preferred inflation gauge falls below 3% for first time since March 2021

January 26, 2024 Yahoo News 0

Fed’s preferred inflation gauge falls below 3% for first time since March 2021

The Fed’s preferred inflation gauge has moved below 3% for the first time since March 2021, before the start of the central bank’s rate-hiking campaign. The Personal Consumption Expenditures (PCE) index grew 2.6% year-over-year in December, in line with last month’s print. “Core” PCE, which excludes the volatile food and energy categories, grew 2.9%, down from 3.2% from the month prior and below the 3.0% economists surveyed by Bloomberg had expected. Core PCE is the inflation measure… Source link

Read More »

Wolfgang Puck’s leadership style starts at the top: ‘I lead by example’

January 26, 2024 Yahoo News 0

Wolfgang Puck’s leadership style starts at the top: ‘I lead by example’

The fine dining sector has faced increased scrutiny over the past several years with allegations of toxic work environments and low pay. Many employees have fled the industry altogether, especially since the pandemic when restaurants shut down and workers transitioned to alternative roles such as gig economy jobs. That’s something legendary chef and restaurateur Wolfgang Puck wants to undo. He says he seeks to cultivate a strong team culture at his restaurants. “The job of a leader is to lead… Source link

Read More »