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American Express (AXP) CEO Stephen Squeri has a message for investors sending the stock lower on Friday following the company’s third-quarter earnings release: Read the release again. “We’re not seeing any changes in consumer spending,” Squeri told Yahoo Finance. “We have strong credit quality.” The CEO also addressed concerns about a business slowdown should a recession materialize. “If anything changes, we have plans in place to pivot,” Squeri added. “If I didn’t say that, you would think I… Source link

The disappearing stock price for Snap continues after another challenging quarter. Shares of the social media platform crashed 25% in pre-market trading on Friday as third quarter sales marked the fifth straight quarterly deceleration. Profits were also lackluster as Snap continued to blame an advertising slowdown and Apple privacy changes for the execution missteps. Here’s a snapshot of Snap’s dismal numbers: Net Sales: $1.13 billion vs. $1.14 billion estimate Daily Active Users: 363 million… Source link

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, Oct. 21, 2022 My word-find function has been going into overdrive this earnings season, looking for a few key phrases in earnings-call transcripts: “Foreign exchange.” “Currencies.” “Dollar.” Netflix (NFLX) Chief Financial Officer Spencer Neumann summed it up succinctly in his company’s conference call: “The FX drag is… Source link

There will be no shortage of action in the NBA with 11 games Friday. Fresh off their blowout win over the Nets on Wednesday, the Pelicans will take on a Hornets team shorthanded due to injuries. After an opening loss to the Bulls, the Heat will try to avoid an 0-2 start when they host the Celtics. One of the marquee games of the night will be the Nuggets facing the Warriors on the road. With so many options to consider on Yahoo, let’s get to it and highlight some players to consider for your… Source link

Russell Westbrook and coach Darvin Ham have come to “an understanding.” Just days after Westbrook hinted that coming off of the bench led to his hamstring injury, Ham insisted on Thursday night that he and the veteran guard are on the same page. And, for Thursday’s game against the Los Angeles Clippers, Westbrook was once again back in the starting lineup. “We moved on, we got an understanding,” Ham said, via ESPN. “As the coach of this team, we’re going to do what’s best for our team to… Source link

The San Francisco 49ers value the running game as much as any team in the NFL, and they got one of the best running backs in the league on Thursday night. The Carolina Panthers traded McCaffrey to the 49ers, as reported by Yahoo Sports’ Jori Epstein. It won’t come cheap. The 49ers are giving up four picks to the Panthers, though no first-rounder, according to NFL Network. The Panthers confirmed the trade later on Thursday night. McCaffrey should be a great fit for Kyle Shanahan’s offense in San… Source link

Detroit Pistons assistant general manager Rob Murphy has been placed on administrative leave pending an investigation following allegations of inappropriate workplace conduct with a female former employee, multiple sources told Yahoo Sports. The investigation is expected to conclude by early next week if not sooner, sources told Yahoo Sports. Murphy was elevated to assistant GM and president of the Pistons’ G-League team, the Motor City Cruise, just last month. Murphy is a Detroit native and… Source link

Stock Market Coverage – Friday October 21 Yahoo Finance – Yahoo Finance Source link

In 2014, the Wall Street Journal reporter John Carreyrou began investigating the biotech startup Theranos. Its founder, Elizabeth Holmes, claimed the company had revolutionary technology that could run sophisticated medical tests on patients with just one drop of blood. The more Carreyrou probed, the more he grew skeptical of Holmes’ claims. Eventually, he wrote a series of damning stories that revealed Holmes to be a fraud. Four years later, he published “Bad Blood: Secrets and Lies in a… Source link

Four of our five fantasy sleeper recommendations last week met or exceeded their projections, and the one who missed (Joshua Kelley) was due to injury. That’s a solid week. Let’s keep the momentum going. Sleeper, of course, is a nebulous term. Use whatever definition works for you. Likewise, this column is whatever you want it to be. Perhaps it helps you make a start/sit call this week or a DFS decision. Maybe you apply the information to an over/under prop. Perhaps you’ll add a player… Source link