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It will be another big quarter for Tesla (TSLA), and the markets overall, when the EV giant reports Q3 earnings after the bell on Wednesday. Wall Street is expecting Tesla to report: That revenue figure would represent more than a $5 billion jump from Q2, where Tesla experienced COVID-related and operations optimizing shutdowns in Shanghai. Year over year that estimated revenue figure would be a nearly 61% jump from Q3 of 2021. On the profitability end, Tesla is expected to report adjusted net… Source link

  U.S. stock futures moved lower in the early trade Wednesday as a two-day rally spurred by the better-than-feared start to earnings season lost steam. Futures tied to the S&P 500 (^GSPC) fell 0.3%, while futures on the Dow Jones Industrial Average (^DJI) ticked down 60 points, or 0.2%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.3%. Netflix (NFLX) was in the spotlight following a big earnings beat Tuesday afternoon that included 2.41 million in new subscribers –… Source link

Semiconductor stocks are down big this year, and Deutsche Bank is warning about more weakness. The bank’s Q3 semiconductor industry preview, titled “Déjà vu all over again,” highlighted “fears of fundamental deterioration leading to very bearish investor positioning,” adding that “we expect 3Q earnings season to yield more pervasive signs of weakness, as the well-known issues in Consumer areas (PCs, Handsets, etc.) will likely spread to at least more forthcoming admissions of uncertainties… Source link

Paramount (PARA) CEO Bob Bakish is all in on advertising despite overall Wall Street skepticism. At Yahoo Finance’s All Markets Summit shrugged off concerns about a global slowdown in ad spending amid macroeconomic headwinds. “The two concerns in the Street right now are advertising and streaming profitability,” Bakish said (full interview above). “Advertising is a great business. And we have a fundamentally strong position in it. Our combination of linear reach, particularly with a broadcast… 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 Tuesday, Oct. 19, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. If you aren’t listening, you aren’t learning — this is a motto I have long modeled my life around. So I put that into… Source link

In October 2006, Nouriel Roubini predicted that a housing crash in the U.S. could trigger a recession and “hard landing” around the world. The economist, known as “Dr. Doom,” continued to warn of impending worldwide threats during the following decade and a half. In an interview with Yahoo Finance’s editor-in-chief on Monday for the All Markets Summit, Roubini outlined imminent risks around the globe that he also details in his new book, “MegaThreats: Ten Dangerous Trends That Imperil Our… Source link

Netflix (NFLX): Shares soared 10% after the company said it added 2.41 million subscribers during the third quarter, surpassing Wall Street’s estimates of 1 million. Netflix executives noting in the earnings release that “after a challenging first half, we believe we’re on a path to reaccelerate growth” and the key is “pleasing members.” Netflix noted the strong dollar as a headwind and estimates the greenback’s appreciation to negatively impact full year 2022 revenue by up to… Source link

The Baltimore Ravens are signing veteran wide receiver DeSean Jackson, ESPN’s Adam Schefter reports. Terms of the deal weren’t initially reported. Jackson, 35, last played in 2021 with the Los Angeles Rams and Las Vegas Raiders. The three-time Pro Bowler who was one of the league’s most dangerous deep threats in his prime started 2021 with the Rams. He was seldom used in Los Angeles, and the Rams released him after he tallied 12 catches for 233 yards and a touchdown in nine games. Jackson… Source link

Netflix (NFLX) reported its fiscal third quarter earnings on Tuesday after the bell, crushing expectations and prompting shares to surge more than 14% in after hours trading. Here are Netflix’s third quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: Revenue: $7.93 billion versus $7.85 billion expected Adj. earnings per share (EPS): $3.10 versus $2.22 expected Subscriber net additions: +2.41 million versus +1 million estimated In a note to shareholders, the… Source link

Walmart (WMT) is out with a new platform for influencers, called Walmart Creator. On Tuesday, the big box retailer announced a beta version of the site that allows influencers and social media creators to monetize shoppable Walmart product recommendations to their followers. The company plans to fully launch the platform in 2023. In a press release, Walmart marketing executive William White said, “We know our customers are inspired by the content and stories they see from their favorite… Source link