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Stock Market Coverage – Tuesday October 11 Yahoo Finance – Yahoo Finance Source link

The full ramifications of U.S. dollar strength that has wreaked havoc on the top and bottom lines of large companies such as Nike (NKE) and FedEx (FDX) in the third quarter likely won’t be felt for a while, warns one veteran currency strategist. “What you see immediately today will take some time to flow through earnings,” Joseph Lewis, head of corporate hedging and FX solutions at Jefferies, said on Yahoo Finance Live (video above). “I think what you will expect is that if the dollar… Source link

When President Biden brags about 10 million new jobs created since he took office, he’s got a legitimate claim to success. No other president comes close to matching his record on jobs. The problem for Biden is that high inflation and weak income gains undercut the remarkably strong labor market of the last two years. Biden crossed the 10 million–jobs threshold with the employment report for September, when the U.S. economy created 263,000 new jobs. That brings the total number of new… Source link

The hype train has officially left the station. Did you see Victor Wembanyama? Did you see his baseline shimmy fadeaways? The high-flying flushes beckoning for a poster? The playmaking, the 3-pointers off the dribble — all at a listed 7-foot-3, with reason to believe the 18-year-old stands even larger. “Everybody has been a unicorn for the last two years, but he’s more like an alien,” LeBron James said Wednesday night from NBA preseason inside Las Vegas’ T-Mobile Arena, just north of… Source link

400tmax/iStock Unreleased via Getty Images Currently, Google (NASDAQ:GOOG) (NASDAQ:GOOGL) is one of the most resilient businesses in the world. Despite the macroeconomic uncertainty, the company has all the chances to continue to have a dominant position in the digital ads market, it has more than enough resources to weather a major crisis, and its latest initiatives could help it to continue to expand its business more even in the current turbulent environment. While there’s a high chance… Source link

An economic slowdown that triggered a tsunami of unsold inventory at various companies may have proved lethal for corporate America’s third-quarter earnings and, soon, forward guidance. At least, that’s what the strategy team at Morgan Stanley warned in a new note out on Monday. “Our U.S. Equity Strategy team sees inventory as a key risk to earnings — oversupply and lagging demand are likely to weigh on margins,” the note stated. “The problem with inventory is twofold — supply chain… Source link

Getty Images The NFL playing surface at Tottenham Hotspur Stadium may be a hot mess in the opinion of some, but the naming rights for the venue are a hot commodity. David Ornstein of TheAthletic.com reports that Google and Tottenham “are in meaningful talks” regarding the naming rights to the 62,580-seat facility. Google, which is the new presenting sponsor of PFT Live, would get plenty of mileage from such an arrangement…. Source link

Insider Intelligence: How is Google trying to make the shopping experience more personalized? Lilian Rincon: Every shopper is unique, and shoppers expect personalized experiences when they’re online. We are putting personalization at the forefront of the shopper’s journey. We want shoppers to be able to tell us their preferences more directly. For example, a female shopper won’t have to tell us twice that they are looking for a women’s jacket if they had searched for women’s items… Source link

After a two-game exhibition set against the G League Ignite in Las Vegas last week, Victor Wembanyama, the consensus No. 1 pick of the 2023 NBA draft out of France, has taken the basketball world by storm. Los Angeles Clippers veteran forward Nicolas Batum, one of the leaders of the French men’s basketball national team for over a decade, has been monitoring Wembanyama for four years now. In a Q&A with Yahoo Sports, Batum provided insight on what to expect from the 18-year-old once he… Source link

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