Tag Archives: fall

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

By David Wagner Investing.com — As a Bitcoin ETF in the United States will finally become a reality this week, some believe that Bitcoin will soon set new records, while others predict that investors will “sell the fact” after having “bought the rumor.” Indeed, it would not be the first time that Bitcoin has risen in anticipation of a major event, only to start falling as soon as that event becomes a reality. This was the case with the launch of CME Bitcoin futures in 2017, and more recently,… Source link

(Bloomberg) — Most Asian stocks and U.S. futures slid Monday as surging energy prices cemented worries about inflation, sending bond yields higher. Most Read from Bloomberg MSCI Inc.’s gauge of Asia Pacific shares was on track for its first decline in four sessions as equities dropped in Japan, Hong Kong and China. U.S. contracts dipped after American stocks advanced on Friday, with the S&P 500 chalking its best week since July as earnings buoyed sentiment. Bond yields in New Zealand and… Source link

President Joe Biden touted the country’s progress in the fight against COVID-19 this week as new cases decline and vaccination rates rise. But despite the recent progress, health officials are warning that the pandemic is far from over, even with the Delta variant in retreat, saying Americans should brace for another wave this winter. “It’s just a matter of time before we have another surge,” Dr. Murtaza Akhter, University of Arizona College of Medicine-Phoenix Emergency Physician told… Source link

The NFL season is not going as predicted, per usual, and one team is already standing out as defying expectations. The unpredictability is fun for fans, but not so much for fantasy football participants, so a fantasy league expert is coming to the rescue with players she suggests adding to your lineup. Source link

(Bloomberg) — U.S. futures fell with stocks as surging energy prices stoked inflationary pressures ahead of a key U.S. employment report. Treasury yields extended an advance. Most Read from Bloomberg S&P 500 and Nasdaq 100 contracts declined, with tech giants such as Apple Inc. and Facebook Inc. down in premarket trading. European equities slid to a two-month low, with natural gas prices soaring even as the European Union pledged swift action to ensure the spiking costs don’t stifle the… Source link

Stock futures pointed to a lower open on Monday, giving back some of Friday’s gains as traders awaited new economic and earnings data this week to confirm or assuage concerns over supply chain challenges, inflation and the pace of the labor market’s recovery.  Contracts on the S&P 500 fell by 0.4% with about two hours to go until the opening bell. Last Friday, the first day of October and the fourth quarter, the blue-chip index logged its best start to the month since 2007 with a jump of… Source link