Yahoo News

ServiceNow CEO (NOW) Bill McDermott has seen a few tech investing cycles in his career, and he’s confident that Mark Zuckerberg’s metaverse has a place in the future of living. “I think there’s a real place in the world for the metaverse,” McDermott said on Yahoo Finance Live (video above). “It is real. But even if you do spend time in the metaverse, you always have to come back down to Earth, where the real people live, and actually execute your business plan.” McDermott, who formerly served… Source link

Meta (META) shares plunged more than 22% on Thursday morning after the Facebook parent reported the prior day that its revenue declined last quarter and missed analysts’ expectations. The bad news comes as the social media giant pushes harder into the metaverse, the 3-D virtual world that inspired the company’s leadership to change its name. Not everyone’s sold on the change, and the numbers coming out of Meta and the broader macroeconomic environment certainly don’t help matters. “There is… Source link

Bam Adebayo and the Miami Heat face the Golden State Warriors at Chase Center tonight. Building the best DFS lineups for Cash and GPP contests is all about identifying the best ways to utilize your available budget by comparing projections to prices. Luckily, FantasyPros offers a complete suite of DFS tools, including DFS Cheat Sheets, a DFS Lineup Optimizer, and more. Below is today’s Yahoo DFS Optimal Lineup using the FantasyPros DFS Lineup Optimizer tool. This is the current lineup… Source link

Core Scientific (CORZ) will not make debt payments due in October and November, according to a new securities filing. Shares of the bitcoin mining company were down as much as 76% on Thursday morning. Core said it’s exploring alternatives to its capital structure and is working with financial and legal advisers but noted that it might have to file for bankruptcy. — in which case common stock holders would completely lose their investments. “Given the uncertainty regarding the Company’s… Source link

Mortgage rates surpassed 7% for the first time since April 2002, adding more reason for price-struck homebuyers to stay on the sidelines. The rate on the average 30-year fixed mortgage hit 7.08%, up from 6.94% the week prior, according to Freddie Mac. Rates have jumped 3.86 percentage points since the start of the year, the largest year-to-date increase in over 50 years. The dramatic increase in rates – driven by the Federal Reserve’s aggressive fight on inflation – has crushed homebuyer… Source link

U.S. stocks were mixed Thursday as investors braced for another batch of tech earnings from Amazon (AMZN) and Apple (AAPL) and dissected a better-than-expected U.S. GDP report. The Dow Jones Industrial Average (^DJI) and technology-heavy Nasdaq Composite (^IXIC) diverged, with the Dow jumping more than 350 points and the Nasdaq falling 0.7%. The S&P 500 (^GSPC) ticked up slightly by 0.1% in midday trading. The S&P 500 and Nasdaq fell Wednesday, snapping three straight days of gains for the… Source link

Investors in Meta stock wanted to hear one thing on the embattled company’s earnings call late Wednesday: an acknowledgement by founder Mark Zuckerberg that leaner spending times were ahead as margins have been squeezed by an ill-timed metaverse build out and a slowing ad market. They heard the opposite. The social media platform outlined about 13% year-over-year expense growth for fiscal year 2023, well above the Street’s forecast of 7%. Meta will clearly continue to spend aggressively —… Source link

Chipotle (CMG) has no plans to start offering McDonald’s-like value meals to entice lower-income consumers back to its restaurants after implementing a series of inflation-driven price hikes this year. “We don’t think Chipotle is the brand where somebody is looking for a dollar menu or bundle meal,” Chipotle CFO Jack Hartung said on Yahoo Finance Live (video above). “They look for customization. Most customers get the same exact entree every single time, and that’s what they crave.” Chipotle… Source link

It’s another busy Thursday in the NHL with 10 games on tap. Edmonton and St. Louis are the only teams that are playing the second game of back-to-back contests as the Oilers are in Chicago while the Blues visit Nashville. Be careful in rostering tired players. Below, you’ll find suggested options for crafting an effective lineup. GOALIE Marc-Andre Fleury, MIN at OTT ($23): Fleury got off to a horrible start this season as he gave up 18 goals in his first four games, but he was sharp in his… Source link

The Week 8 NFL main slate begins Sunday at 1:00 p.m. EDT and features 11 games. A pair of high-powered AFC West offenses will be on bye in Kansas City and the Chargers. Additionally, the London game returns in Week 8, with the Broncos and Jaguars facing off across the pond and outside the main slate. The Thursday Night Football (Ravens-Buccaneers), Sunday Night Football (Packers-Bills) and Monday Night Football (Bengals-Browns) matchups are also excluded. Yahoo will be running plenty of NFL… Source link