Tag Archives: Finance

Stock futures opened little changed on Monday evening, as investors awaited a slew of new earnings results to determine the impact of ongoing supply chain concerns and rising costs on corporate America.  A number of major companies are set to report earnings results Tuesday morning, including consumer giants Procter & Gamble (PG) and Johnson & Johnson (JNJ) before market open, and Netflix (NFLX) and United Airlines (UAL) after market close.  The latest quarterly results, guidance and executive… Source link

Amid a strained period for supply chains across the country, UPS looks like a bright spot for investors, according to a new note from Stifel. Stifel upgraded the stock from Hold to Buy, noting that “there’s a lot to like about the fundamental UPS story right now,” raising its target price to $224. “I’d say that UPS is in the best position or at least one of the best positions” amid the holiday shopping season, Stifel’s Bruce Chan said on Yahoo Finance Live. “When you’re looking at the kind of… Source link

The Brooklyn Nets upset some fans this week by benching star point guard Kyrie Irving over his refusal to get vaccinated against COVID-19, in violation of a New York City vaccine mandate for indoor venues. Experts say there is likely little legal recourse that could open up the Barclays Center and other New York city courts for him to play alongside his team, favored to contend for this season’s NBA championship. New York City’s mandate sidelining Irving became effective Aug. 19 and requires… Source link

This year’s holiday season will be definitively better than last year’s. Nearly 220 million Americans have been vaccinated against Covid-19, compared with essentially none in 2020. Total employment is 5 million more than last December and work is slowly getting back to normal. Plus, there’s no presidential election for anybody to try to sabotage this year. Yet the outrage industry wishes you a Terrible Christmas, and pandemic hangover effects might just make it so. Snarled supply lines… Source link

AT&T Inc (NYSE: T) is trading lower Monday after Barclays analyst Kannan Venkateshwar maintained the stock with an Equal-Weight rating and lowered the price target from $34 to $30. The Barclays analyst cited challenging technicals as a result of the equity performance at Discovery Inc (NASDAQ: DISCA), which AT&T will be merging its media business with. AT&T was among the top three trending stocks on Stocktwits at publication time. AT&T is set to announce its third-quarter financial results… Source link

(Bloomberg) — U.S. futures dropped with European stocks as the highest oil prices since 2014 stirred fears that a spreading energy crunch will derail the global pandemic recovery. Most Read from Bloomberg West Texas Intermediate crude rose past $80 a barrel and China’s coal futures reached a record as flooding shuttered mines. European equities were modestly lower, with declines led by travel companies. U.S. contracts also slipped, with those on the tech-heavy Nasdaq 100 underperforming the… Source link

It’s the collaboration consumers never knew they needed: a breakfast cereal based on a sweet treat made from a fast-food giant. Kellogg’s (K) and Wendy’s (WEN) are teaming up for the Frosty Chocolatey Cereal. The two brands announced the dessert turned breakfast meal on Tuesday — but consumers will have to wait until December to take a spoonful of the chocolatey collaboration, when it’s set to hit retailers’ shelves nationwide.  And the crispy, cocoa-coated round cereal bites, combined… Source link

Donald J. Trump joined Yahoo Finance’s Adam Shapiro for a wide ranging conversation covering topics such as the U.S. economy, COVID-19 vaccines, cryptocurrencies, and his thinking on a third run for the presidency in 2024. Below is a complete transcript of the conversation from October 1. ADAM SHAPIRO, anchor and correspondent: Donald Trump was elected November 8th, 2016 to become the 45th President of the United States. During his administration, there was historic law passed, the Tax Cuts… Source link

Stocks sank and the tech-heavy Nasdaq (^IXIC) suffered its biggest pullback since March on Tuesday, while bond yields (^TNX) rallied to a three-month high amid concerns over rising inflation and higher interest rates. The market’s volatility index (^VIX), the so-called fear gauge, hit its highest level in at least five months, but that wasn’t enough to scare away “Shark Tank” investor and entrepreneur Kevin O’Leary. “Volatility, I don’t love it,” O’Leary told Yahoo Finance Live,… Source link

NEW YORK–(BUSINESS WIRE)–Yahoo Finance, a leader in business and financial news, today announced the next two installments in the All Markets Summit event series—All Markets Summit: The Path Forward will take place on Monday, October 25 at 9 a.m. ET and All Markets Summit+: Crypto Investing will take place on Monday, September 27 at 12:00 p.m. ET. All Markets Summit: The Path Forward will be an all-virtual summit hosted live from the Nasdaq in New York’s Times Square and… Source link