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EV (electric vehicle) stocks are on the move today as third quarter earnings season approaches. Here are two big stories that have investors’ attention. Rivian announces a big recall Rivian (RIVN) shares are sliding today after the electric adventure truckmaker announced it would recall all of the vehicles it has produced thus far due to a safety issue. The recall affects around 13,000 vehicles Rivian has delivered to customers. The safety concern at issue is a nut that attaches the front… Source link

U.S. stock futures started the week on a downbeat Monday as Wall Street steered into third-quarter earnings season and braced for a batch of inflation reports. Futures tied to the S&P 500 (^GSPC) fell 0.3%, while futures on the Dow Jones Industrial Average (^DJI) ticked down 0.2%. The technology-heavy Nasdaq Composite (^IXIC) off by 0.4%. Meanwhile, the CBOE Volatility Index (^VIX), which measures short-term expectations for market turbulence, spiked 1.6 points to near the 33 level. Treasury… Source link

Premium-priced Corona and Modelo beers are darn near recession resistant, contends Constellation Brands CEO Bill Newlands. “Consumer demand has been very strong,” Newlands said on Yahoo Finance Live. “We have the benefit in this industry in this category of being somewhat recession resistant And we have seen no slowdown at a consumer level of purchasing against our brands.” To Newlands’ point, Constellation’s beer business — led by brands Corona, Modelo and Pacifico — outshined its wine… Source link

Quiet quitting may be the hot talk on social media and internal employee chat rooms, but U.S. Labor Secretary Marty Walsh says it’s not a big topic of discussion in his chats with business leaders. “I haven’t really heard about it from companies. I know that it’s being reported in the press. I’ve talked to a lot of companies in the country. And I haven’t heard about that,” Walsh said on Yahoo Finance Live. Quiet quitting, a term that popped up on TikTok and gained steam in 2022, has no single… 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 Monday, October 10, 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. The money you have invested in the stock market is at big risk of being further vaporized in the remaining weeks of… Source link

If there needs to be a U.S. recession to bring down inflation to appropriate levels, the Fed would be cool with that, says one Wall Street pro. “Unfortunately, yes [the Fed would be OK with a recession]. I’m going to say yes,” BMO senior economist Jennifer Lee said on Yahoo Finance Live. “And the Fed has sort of softened its tone a little bit over the past two months. They used to say that they could probably do this and achieve a softish [economic] landing. But now they’ve already said that… Source link

Netflix stands to haul in big bucks over the next few years from the launch of its first ad-supported tier, estimates JPMorgan. Analyst Doug Anmuth estimated in a new note on Monday Netflix could drive 7.5 million subscribers to its ad-supported tier in its US/Canada segment in 2023. That alone will help drive $600 million in advertising sales in 2023 for the segment. Anmuth expects those numbers to swell by 2026 as Netflix’s execution on selling ads improves. By 2026, Anmuth thinks Netflix’s… Source link

INGLEWOOD, Calif. — Just six minutes and 17 seconds of play had elapsed between the Dallas Cowboys and Los Angeles Rams. Already, the Cowboys had scored twice. A strip sack returned promptly for a 17-yard touchdown. Favorable field position from a blocked punt handily converted into a field goal. From the sideline of SoFi Stadium, Ezekiel Elliott turned to his partner in crime. “All right now, TP,” he told fellow running back Tony Pollard. “Get ready now.” The Cowboys were already off… Source link

Associated Press Yankees’ Chapman ruled out for ALDS after skipping workout Yankees reliever Aroldis Chapman has been ruled out for the American League Division Series after he skipped a mandatory workout, leading to a fine and likely ending the All-Star’s seven-year tenure with New York. Chapman, who has not gotten a save since May 17, had been scheduled to pitch batting practice Friday at Yankee Stadium but the team said he instead was in Miami. After speaking with Chapman, manager Aaron… Source link

ProFootball Talk on NBC Sports Mike Tomlin on Steelers: “Where we are today, not good” The Steelers are 1-4, and they’ve lost four in a row. On Sunday, they were blown off the field by the Bills, 38-3. After the loss, coach Mike Tomlin summarized the current state of the team. “No need to really sugarcoat it, man,” Tomlin told reporters. “We got handled today. We got handled by a [more] Source link