Yahoo News

Tesla stock is trading slightly higher in after hours following the EV maker reporting a Q4 earnings revenue and profit beat. In addition, the most significant news for Tesla’s 2023 roadmap is the upcoming Cybertruck is on track for production later this year. For the quarter, Tesla (TSLA) reported: That revenue represents another record high for Tesla, up over $2 billion sequentially from Q3 and nearly $7 billion from a year ago. On the profitability end, Tesla is reporting adjusted net income… Source link

U.S. stocks clawed back from steep losses to close mixed on Wednesday after lackluster forecasts from Microsoft (MSFT) and other companies reporting earnings weighed on the market for much of the session. The S&P 500 (^GSPC) was just below flat, while the Dow Jones Industrial Average (^DJI) turned positive, capping the day just above breakeven. The technology-heavy Nasdaq Composite (^IXIC) was off by 0.2%. Investors continued to barrel through a mild earnings season, with reports from names… Source link

There is light at the end of the tunnel for Microsoft (MSFT) as a global economic slowdown weighs on the tech giant’s growth, argues Piper Sandler analyst Brent Bracelin. Microsoft growth rates are “going to bottom here either this quarter, the current quarter they reported, or the next quarter,” Bracelin said on Yahoo Finance Live (video above). “So we are close to saying the worst declines are over for these non-cloud segments like Windows and devices and advertising.” While that may provide… Source link

Get ready for gas prices to rise again going into spring. A gallon of driving fuel could go back above $4, according to GasBuddy petroleum analyst Patrick De Haan. “It’s a question of when, not if. I think something like that could happen by potentially April, maybe sooner,” said De Haan. “I think motorists are going to start getting squeezed more so in late February. The next three weeks could be a bit of a mixed bag,” he said. De Haan points to planned breaks in production at refineries as… Source link

Get ready for gas prices to rise again going into spring. A gallon of driving fuel could go back above $4, according to GasBuddy petroleum analyst Patrick De Haan. “It’s a question of when, not if. I think something like that could happen by potentially April, maybe sooner,” said De Haan. “I think motorists are going to start getting squeezed more so in late February. The next three weeks could be a bit of a mixed bag,” he said. De Haan points to planned breaks in production at refineries as… Source link

Wednesday, Jan. 25, 2023 Microsoft’s $10 billion investment in OpenAI puts Amazon, Google, and others on notice Microsoft (MSFT) is pulling out all of the stops in an effort to ensure that it’s the dominant force in AI among its Big Tech peers. And the Redmond-based software giant’s $10 billion investment in ChatGPT developer OpenAI could be the key to doing just that. The move, which Microsoft and OpenAI announced on Monday, will allow Microsoft to deploy GPT-3, the service that the… Source link

A growing number of Americans packed up and moved south in 2022, while bailing out of New York and California. Texas saw the largest net population gain for the one-year period ended July 1, 2022, with more than 450,000 people moving to the state, according to a new report from analysts led by Rafe Jadrosich at Bank of America Global Research. The firm cited data from the U.S. Census Bureau data and U-Haul rates in building its report. Florida saw the second-largest net population gain over… Source link

For Meta (META) this year, the road ahead will focus on better execution with fewer employees, and maybe a higher stock price, argues RBC analyst Brad Erickson. “We think they are making improvements in terms of targeting and measurement, and we think that is translating into incremental dollar growth and advertising,” Erickson said on Yahoo Finance Live (video above). Meta is Erickson’s top pick from his sector coverage for 2023. The bullish call comes after a brutally challenging year for… Source link

Security researchers at Check Point have revealed that Yahoo knocked DHL off the top spot as the most imitated brand in the last quarter of 2022, now responsible for 20% of all phishing attempts recorded in the wild. The findings come from the company’s latest Brand Phishing Report and suggest that several cyber-criminals had been found distributing emails with subject lines that told a recipient they had won prize money from initiatives organized by Yahoo, worth hundreds of thousands of… Source link

MSG is one of the most popular food additives in the world, but is it bad for you? (Getty images; illustrated by Nathalie Cruz) When you hear the initialism MSG, certain connotations and possible red flags are sure to come to mind. Discovered in Japan in 1908, MSG — monosodium glutamate — is one of the world’s most commonly used food additives. But despite its popularity, MSG has become one of the most controversial flavor enhancers on the market, largely due to misinformation and… Source link