Tag Archives: Big

Disney (DIS) is set to report its fiscal third quarter earnings on Wednesday after the bell as the company works to provide more clarity on its direct-to-consumer strategy while also battling macroeconomic headwinds. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $21 billion expected Adj. earnings per share (EPS): $0.96 expected Disney+ subscriber net additions: 10 million expected Parks, experience and consumer products: $1.78 billion expected Although… Source link

Running for thousands of miles along the bottom of the sea, the cable’s landing had been delayed for months by rough conditions and Covid-19. But now here it was, a couple of inches wide and already covered in sand. A welcome party stood on the beach and posed for photos before the cable continued inland. Equiano had finally arrived. Equiano is the latest subsea internet cable financed by Google. Starting in Portugal and eventually ending in South Africa, with branches to Nigeria, Togo, the… Source link

Just this past month, an article was shared that showed that over 30% of the data used by Google for one of their shared machine learning models was mislabeled with the wrong data. Not only was the model itself full of errors, but the actual training data used by that model itself was full of mistakes. How could anyone using Google’s model ever hope to trust the results if it’s full of human-induced errors that computers can’t fix. And Google isn’t alone with major data mislabeling,… Source link

The July jobs report was so out-of-the-blue hot on Friday — coming in at more than double expectations — that it may spur the Federal Reserve to be way more aggressive on interest rate hikes than market goers thought just one day earlier. If so, would that set the table for a potential swift downdraft in stocks? “I think it does at the S&P level for the index,” Wall Street’s biggest bear strategist Mike Wilson of Morgan Stanley told Yahoo Finance (video above) when asked if on if the jobs… Source link

Ken Griffin — who needs him? Nobody at the announcement last week of Google taking over the Thompson Center uttered anything close to that sentiment, but it hung in the air of the building’s atrium as Gov. J.B. Pritzker and others paraded to a podium to heap praise on Chicago’s new BBF — best business friend. Joining the governor were… Source link

More people are toasting with tequila, according to alcohol-delivery company Drizly’s customer base. “Tequila is the big winner here and the type of alcohol people are drinking at home,” Drizly CEO Corey Rellas told Yahoo Finance (video above) about COVID-19 era trends that have stuck around. At-home cocktail making “reset” with COVID, Rellas said, “as more and more people started to embrace cocktail culture, wanting to try new things at home when [they] didn’t have access to the bar.” The… Source link

This summer has seen a steady parade of tech CEOs quietly heading to Capitol Hill. Apple (AAPL) CEO Tim Cook stopped by recently, as did Google (GOOG, GOOGL) CEO Sundar Pichai and Amazon (AMZN) CEO Andy Jassy. Microsoft (MSFT) President Brad Smith joined in with a reported sit-down with Senate Majority Leader Chuck Schumer (D-NY) in Washington state. Their reason for calling on U.S. lawmakers? The tech CEOs are fighting a bill called the American Innovation and Choice Online Act, which would… Source link

Goldman Sachs chairman and CEO David Solomon thinks it would be wise for investors to pay extra attention to the path of corporate earnings in the weeks ahead. “I do see a little bit more market volatility — but I think the volatility at this point, the market is expecting,” Solomon said on Yahoo Finance Live at the firm’s 10,000 Small Businesses Summit (video above). “I think you’ve got to watch corporate earnings. And up to this point, corporate earnings have hung in reasonably well. But… Source link

Gavin Newsom wants an explanation. The California governor, who spoke at the UC Board of Regents meeting in San Francisco on Wednesday, demanded that UCLA give a public explanation about how its move to the Big Ten Conference will benefit student-athletes and the school’s partnership with UC Berkeley. “The first duty of every public university is to the people — especially students,” Newsom said, via the Los Angeles Times. “UCLA must clearly explain to the public how this deal will improve… Source link

If there is any upside for investors from the slowing U.S. economy, it’s that the Federal Reserve may have no other choice but to put the brakes on its aggressive pace of rate hikes later this year. “There are two reasons that they would slow the pace,” Goldman Sachs Chief U.S. Economist David Mericle told Yahoo Finance Live at the firm’s 10,000 Small Businesses Summit (video above). “One reason is I think the economy is going to slow a lot. And you’re going to see that in a much more… Source link