Yahoo News

(Bloomberg) — A shock turnaround in equities sent Wall Street searching for something — anything — to explain how yet another red-hot inflation number translated into the best day for bulls in a week. Among the answers: increasingly sturdy positioning including well-provisioned hedges, a watershed moment for chart watchers, and several less-than-terrible earnings reports. Throw in some short covering, and the result was a trough-to-peak run-up in S&P 500 futures that approached 5% at its… Source link

Everybody’s unhappy with the latest inflation report, which shows that the annual change in price increases dropped by just one-tenth of a percentage point, from 8.3% in August to 8.2% in September. The Federal Reserve has been jacking up interest rates to force prices down, and inflation is turning out to be a stubborn foe. Investors keep hoping for a break in the data, showing the Fed’s medicine is starting to work. It keeps not happening. While overall inflation remains high, some… Source link

Today, Yahoo and Lowe’s announce off-site media experiences for brands through Lowe’s One Roof Media Network. They are supported by Yahoo’s demand-side platform (DSP) and the Yahoo ConnectID identity solution. This marks the next step for Lowe’s network, which launched a year ago. Dig Deeper: Why we care about retail media networks Off-site media. To power Lowe’s network, as well as media networks for other brands and retailers, Yahoo has created Yahoo… Source link

Addressing Bitcoin’s energy-intensive proof-of-work model would encourage greater institutional adoption, according to one chief executive who has focused on sustainability for more than eight years. Bradford Van Voorhees, CEO and co-founder of Sustainable Bitcoin Protocol, told CoinDesk that negative media, misperceptions of Bitcoin’s environmental impact and its sizable energy consumption all currently hinder institutional adoption. Bradford Van Voorhees is presenting at Investing in… Source link

Long-time Tesla bull and Elon Musk supporter Cathie Wood thinks the billionaire’s ownership of the social media platform is exactly what it needs. “I am kind of excited to see what Elon will do,” the noted tech investor told Yahoo Finance Live in an exclusive and wide-ranging interview on Thursday (full video above). “I actually think he will work closely with [Twitter Founder] Jack Dorsey and maybe open up the ecosystem, take away the censorship, make it much more transparent, and I think… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labor Department… Source link

NEW YORK–(BUSINESS WIRE)–Yahoo and Lowe’s One Roof Media Network today announced a partnership to power robust off-site media experiences for Lowe’s diverse roster of brand advertisers. Launched in October 2021, Lowe’s One Roof Media Network is a retail media service providing an extensive portfolio of omnichannel advertising services designed to put brands at the forefront of the home lifestyle movement. Through the partnership, Yahoo has integrated its demand-side platform… Source link

U.S. stock futures fell Thursday after inflation data showed that consumer prices climbed more quickly than expected. S&P 500 futures (^GSPC) fell 1.54% while futures on the Dow Jones Industrial Average (^DJI) ticked down 1.10%. The technology-heavy Nasdaq Composite (^IXIC) down by 2.50%. The 10-year treasury yield were back above 4%. The Bureau of Labor Statistics released its Consumer Price Index (CPI) for September early Thursday, which showed prices rose 8.2% over the prior year and 0.4%… Source link

(Bloomberg) — At first blush, Bitcoin becoming less volatile than stocks might appear like a positive development. But crypto traders are warning that in a low-volume environment, that might not be a great thing. Most Read from Bloomberg The coin’s 30-day realized volatility has “dropped sharply” in recent days, according to Noelle Acheson, author of the “Crypto is Macro Now” newsletter. It’s currently at around 52% after spending the past month above 64% on an annualized basis,… Source link

Delta Air Lines reported record revenue in the third quarter, and CEO Ed Bastian attributed the “tremendous demand” to business performance to a shift of consumer dollars from goods to services. “Consumers are prioritizing investing in themselves, experiences and services, rather than buying things” Bastian told Yahoo Finance. Comparing the Q3 report to consensus estimates compiled by Bloomberg: Adjusted net income: $966 billion (including a $35 million impact from Hurricane Ian) vs $994… Source link