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Editor’s Note: This post is breaking and will be updated IMAX (IMAX) reported its fiscal second quarter earnings on Thursday after market close as a healthy summer box office season helped the company deliver strong top-line growth, with revenue up 45% year-over-year. Here are IMAX’s second quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: “Doctor Strange in the Multiverse of Madness,” “Top Gun: Maverick” and “Jurassic World: Dominion” helped lift overall… Source link

It’s a trap! No, it’s not Admiral Ackbar, the alert, fish-headed alien from the original Star Wars movies, it’s Morgan Stanley’s chief investment officer Michael Wilson, who argued in an interview this week that the ongoing bear market rally in stocks is nothing more than a trap for investors. “The market always rallies once the Fed stops hiking until the recession begins,” Wilson told CNBC on Wednesday, adding that “it’s unlikely there’s going to be much of a gap this time… Source link

The early days of training camp have already produced significant news. Trey Lance and Marcus Mariota will start, James Robinson and Chris Godwin weren’t put on the PUP list and DK Metcalf wants a new contract. What other major developments will we see before the NFL regular season kicks off Sep. 8? Follow along with our tracker to ensure you don’t miss anything. [Set, hut, hike! Create or join a fantasy football league now!] Julio Jones makes his debut with the Buccaneers Tom Brady‘s newest… Source link

U.S. Senate Minority Leader Chuck Schumer (D-NY) and Senator Joe Manchin (D-WV) confer before addressing reporters following the weekly senate party caucus luncheons at the U.S. Capitol in Washington, U.S. July 9, 2019. REUTERS/Jonathan Ernst In a surprising move to even Capitol Hill insiders, Senate Majority Leader Chuck Schumer and Democratic Senator Joe Manchin of West Virginia struck a deal on a reconciliation bill, which among other things includes $369 billion on energy and climate… Source link

Are we in a recession? Let the debate begin. When asked whether the U.S. is in a recession, Elyse Ausenbaugh, global market strategist at JP Morgan, told Yahoo Finance Live: “We do not [think so].” “To us, the main things we’re focusing on are ongoing strength in the labor market,” Ausenbaugh added. “Looking into components of GDP, the fact that consumers are still spending in real terms and that things like credit card delinquencies remain at all-time lows is an encouraging sign that,… Source link

Kyler Murray doesn’t want to hear your jokes or comments about the “independent study” clause in his new Arizona Cardinals contract. He also doesn’t want you to think he could make it to the NFL without studying film. The newly-minted $230.5 million quarterback held an impromptu press conference Thursday to talk about everything that’s been said about the part of his new contract with requires him to spend at least four hours per week game film in an attempt to save his reputation around the… Source link

The Houston Texans drafted Deshaun Watson in 2017. He missed most of his rookie season with an injury, but when he returned, the Texans won football games. They made the playoffs in 2018 and 2019, and even won a playoff game against the Buffalo Bills. With a young quarterback at the controls, it looked like the Texans were set up to be a consistently good team in the AFC for years to come. Things changed quickly. They basically gave away an elite wide receiver in DeAndre Hopkins. They won… Source link

This article is part of our Yahoo DFS Baseball series. Thursday brings 10 games across baseball, two of which have early start times. One of the early games will be a battle between AL East foes in the Rays and Orioles. While only eight games make up the evening slate, there is no shortage of impressive starting pitchers. Shohei Ohtani will be on the mound for the Angels, taking on the Rangers at home. Zack Wheeler will get the call for the Phillies in what is a very favorable… Source link

Spotify (SPOT) surged on the heels of its Q2 earnings report with shares climbing more than 13% on Wednesday after the company reported a beat on both revenue and monthly active users. But one analyst says the stock surge was an “overreaction” given the platform’s profitability struggles. “While we believe there remains material user growth left for Spotify we highlight that many investors question whether Spotify will ever be able to generate significant lasting profitability,” Pivotal… Source link

Stocks opened Thursday’s trading session higher after new data showed the U.S. economy contracted for the second-straight quarter in Q2. Shortly after the opening bell, the S&P 500 and Nasdaq were up about 0.3%, while the Dow was up closer to 0.2%. Data from the Commerce Department out Thursday morning showed GDP growth fell at an annualized rate of 0.9% in Q2, marking the second-straight quarter we’ve seen a drop in economic activity. Thursday’s early move served as a continuation of sharp… Source link