Tag Archives: fall

(Bloomberg) — Most stocks fell Tuesday amid a jump in global bond yields as investors girded for the removal of central bank support to quell high inflation. Most Read from Bloomberg Europe’s Stoxx 600 Index declined, with energy the only sector to advance. U.S. equity futures slipped before the market reopens later from a holiday. Asian shares struggled. Treasuries dropped across the curve, pushing two-year and 10-year yields up to levels last seen before the pandemic roiled markets. Even… Source link

Whether or not people will need to be perpetually boosting against the coronavirus and its seemingly never-ending stream of variants remains unknown, but vaccine manufacturers are already preparing for a possible need for additional boosters in the fall. “We have to be prepared for whatever evolution gives us,” said Moderna (MRNA) CEO Stéphane Bancel. Bancel, as well as Pfizer (PFE) CEO Albert Bourla, spoke to Yahoo Finance during the annual JPMorgan Health Care conference Monday. Both… Source link

(Bloomberg) — James Cayne, the cigar-puffing college dropout who parlayed a stint as a professional bridge player into a job as a bond broker on Wall Street, where he led Bear Stearns Cos. to record profits, then to the brink of collapse, has died. He was 87. Most Read from Bloomberg He died on Tuesday at Monmouth Medical Center in Long Branch, New Jersey, days after suffering a stroke, said his wife, Pat. Until 2007, Cayne, known as Jimmy, was one of Wall Street’s brightest stars. Bear… Source link

Bitcoin was trading near two-month lows. Photo: Getty Images Cryptocurrencies were down on Monday morning after bitcoin’s price took a battering over the weekend. Bitcoin (BTC-USD) was down almost 3% at the time of writing, trading at $48,143 (£36,304). That’s almost 30% down from its all-time high of $69,000, which it hit last month. Over the weekend it had fallen to about $42,000. The crypto was trading near two-month lows as a level near $42,000 was last seen in the first few sessions… Source link

DocuSign (DOCU) CEO Dan Springer is owning up to some execution mistakes in the third quarter that did their part to send shares down more than 40% on Friday as traders digested the company’s latest earnings report.  But, Springer told Yahoo Finance Live he will buy shares next week as the one-day plunge doesn’t make sense given DocuSign’s leadership position and growth potential.  “I am surprised, I’ll be straightforward with you. I do not see the reaction in the stock price to be… Source link

When Google released the Pixel 6 and Pixel 6 Pro, it boasted about the devices’ fast-charging capabilities. Plugging a Pixel 6 series device into its $25 30W Fast Charger — which isn’t even included in the box — is supposed to take full advantage of the phone’s fast charging speed, juicing it up to 50 percent in just 30 minutes. We all can agree that this is an impressive spec, but unfortunately, it may not be totally realistic. Android Authority put the Pixel 6’s fast… Source link

Uber (UBER) posted its first-ever adjusted profit, but its Q4 outlook weighed on shares immediately following the ride-sharing company’s third quarter results. Uber reported third quarter revenue of $4.85 billion versus Wall Street estimates of $4.4 billion. Gross bookings reaching an all-time high of $23.1 billion, up 57% year over year. The company reported its first adjusted EBITDA profit of $8 million for the quarter. “While we recognize it’s just a step, reaching total-company Adjusted… Source link

Stock futures dipped Thursday evening, with investors eyeing a couple of disappointing earnings results from Apple (AAPL) and Amazon (AMZN) that punctuated an otherwise solid quarterly reporting season from many major companies.  Contracts on the S&P 500 fell, pulling back after the blue-chip index set a record closing high on Thursday. Nasdaq futures underperformed amid the drawdown in the big technology names. Amazon shares dropped in late trading after the e-commerce juggernaut missed… Source link

Third-quarter earnings season is underway, and one of the most closely watched stocks just presented its scorecard: Tesla Inc.  (NASDAQ:TSLA). Tesla reported record-breaking results, beating expectations on EPS and revenue. Though the company’s stock dropped briefly following the report, Tesla has been on a tear ever since, even crossing the $900 mark in early trading Friday morning.  Those certainly are impressive top-and bottom-line growth numbers if the EV company is able to meet them,… Source link

New weekly jobless claims held below 300,000 for a back-to-back week as labor market conditions trudged back toward pre-pandemic levels.   The Labor Department released its jobless claims report Thursday morning. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial unemployment claims, week ended October 16: 290,000 vs. 297,000 expected and a revised 296,000 during prior week Continuing claims, week ended October 9: 2.481… Source link