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This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, Nov. 4, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. Avid watchers of Yahoo Finance’s live programming might have noticed a theme emerging over the past week regarding the Federal Reserve meeting… Source link

Wall Street is sipping on Starbucks shares after a better than expected quarter sparked optimism on a broader rebound in the business next year. Starbucks stock gained 3% in premarket trading on Friday as fiscal fourth quarter sales, U.S. same store sales and profits handily beat analyst forecasts. The coffee giant had one of the Top 10 most visited ticker pages on Yahoo Finance ahead of the opening bell. On a call with analysts, execs stuck with upbeat guidance for earnings growth of 15% to… Source link

After only two games last night, the league returns with 24 teams in action Friday. Among the more exciting matchups will feature the Celtics hosting the Bulls. The Bucks will also take the floor in Minnesota to face the Timberwolves and their new-look frontcourt. The Warriors will be playing the second game of a back-to-back staying on the road to meet the Pelicans, who will look to bounce back after losing in OT to the Lakers. With so many options to consider, let’s get to the task at hand… Source link

Kyrie Irving apologized Thursday for posting a documentary with antisemitic conspiracy theories and falsehoods on Twitter, a few hours after he was suspended five games without pay by the Brooklyn Nets. The apology, published on Instagram, came a little more than a week after the Nets star posted the offensive tweet, which has since been deleted. Irving conceded the video “contained some false anti-Semitic statements, narratives, and languages that were untrue and offensive to the Jewish… Source link

Friday is an unusual one for the NHL. There are only two games, and one of them is starting at 2:00 p.m. ET. Why? Because it is happening in Finland. The league has largely cleared out to give that matinee offering a showcase. Pickings are slim for your lineups, but here are some players to target, and to avoid, for DFS purposes. GOALIE Alexandar Georgiev, COL vs. CLM ($35): When you see a goalie posting a .918 save percentage but a 2.81 GAA, you get worried about the number of shots he’s… Source link

Twitter sent employees an email Thursday notifying them that layoffs would begin on Friday morning, according to multiple news reports including The New York Times. The email told employees not to come into the office on Friday as the layoffs begin. The cuts will affect roughly half of Twitter’s workforce, according to The Times, which cited an investor and internal messages. “In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global… Source link

The Brooklyn Nets have suspended Kyrie Irving five games without pay, the team announced Thursday, after a turbulent week in which the All-Star posted a link to an antisemitic video on Twitter and declined to apologize. After reportedly spending the last several days trying to help Irving understand the film contained “deeply disturbing antisemitic hate,” the Nets said they were “dismayed” Irving had failed to say he holds no antisemitic beliefs when asked on Thursday and such a failure made… Source link

The Brooklyn Nets have suspended Kyrie Irving five games without pay, the team announced Thursday, after a turbulent week in which the All-Star posted a link to an antisemitic video on Twitter and declined to apologize. After reportedly spending the last several days trying to help Irving understand the film contained “deeply disturbing antisemitic hate,” the Nets said they were “dismayed” Irving had failed to say he holds no antisemitic beliefs when asked on Thursday and such a failure made… Source link

Warner Bros. Discovery (WBD): Shares fell 2% in extended trading after the company’s revenue and subscriber growth fell short. Sales for the quarter totaled $9.82 billion, weighed down by a slowdown in advertising. WBD swung to a loss of $2.31 billion, compared to net income of $156 million a year ago. HBO, HBOMax and Discovery+ added 2.8 million subscribers during the quarter, missing the street’s estimates despite the success of its “Game of Thrones” spinoff. Starbucks (SBUX): The… Source link

U.S. stocks fell lower Thursday as Wall Street reeled from assertions by Federal Reserve Chair Jerome Powell that hopes for a policy pivot were “premature” after the central bank delivered a fourth consecutive interest rate hike of 75 basis points. The S&P 500 (^GSPC) sank 1.1% after the index plunged 2.5% in the previous session, its worst loss on a Fed day since January 2021, per Bloomberg data. The Dow Jones Industrial Average (^DJI) shed 150 points, or 0.5%, and the technology-focused… Source link