Tag Archives: headwinds

Nearly 6,000 gaming industry workers have already been laid off in 2024, according to PC Gamer reporting, while 2023 saw well over 10,000 job cuts across video game studios. Are industry employers correcting themselves after seeing surging interest in gaming dating back to the pandemic? LightShed Partners Media and Technology Analyst Brandon Ross joins Yahoo Finance to comment on the headwinds contributing to these lay offs seen across the gaming sector. “A big one was actually mobile games… Source link

Delta trimmed its 2024 guidance on Friday, citing higher costs and supply chain issues. Despite the short-term challenges, Delta is still better positioned than some of its competitors, according to Third Bridge Global Sector Lead Peter McNally. McNally told Yahoo Finance Live that the airline has a number of advantages, including its maintenance program, which makes them “a bit more immune” to inflationary pressures and supply issues. “This won’t be a super great year in 2024, but it will… Source link

ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month after eliminating more than 100 roles. The startup informed its employees about the decision on Monday morning. It deactivated access to accounts and wiped out all data of impacted employees, a person familiar with the development told TechCrunch. In December, ShareChat laid off nearly 5% of its… Source link

FedEx remains at risk of laying several more earnings eggs in 2023, especially if the U.S. enters a recession, warns one Wall Street analyst. “FedEx pre-announced and lowered guidance in mid-September, with its earnings release and conference call one week later focused on cost controls amid a softer volume backdrop, particularly in its international business,” EvercoreISI Jonathan Chappell wrote in a note on Monday. “Although we expect most of these cost levers to be pulled, eventually… Source link

Analysts at Bank of America downgraded shares of Coinbase (COIN) on Friday as the fallout from FTX’s stunning implosion continues to ripple through crypto markets. Shares of Coinbase were down as much as 5.5% in early trading on Friday. “We think Coinbase (COIN) likely faces a number of new headwinds over the near/medium-term due to the recent collapse of rival crypto exchange FTX,” analysts led by Jason Kupferberg wrote in a note to clients. They added: “As a result, we downgrade COIN to… Source link

Food delivery giant DoorDash is doubling down on its global ambitions, even as the delivery space faces steep declines from its pandemic highs. In an interview with Yahoo Finance at the Collision Conference, Co-Founder and CTO Andy Fang explained what the company’s recent $3.5 billion acquisition of Finnish delivery company Wolt meant for them down the road. “With the partnership with Wolt, I think we’re going to be able to fast forward those ambitions,” Fang said, adding: “People ask us,… Source link

Netflix’s (NFLX) Q3 subscriber growth estimates topped expectations following a slow start to the year — but there could be still be trouble looming for the streaming platform as controversies flare.  Net subscriber additions totaled 4.38 million versus the 3.72 million expected. This represented a significant rebound from the second quarter, when just 1.5 million new paying users joined the streaming service. A particularly strong content slate helped fuel subscriber momentum, but not even… Source link

Chinese retailer JD.com (JD) has taken investors on a wild ride this year. Since hitting a high of more than $108 per share earlier this year, shares of this embattled e-commerce player have sunk to below $70 per share of late. Indeed, there are many reasons for this. In general, investors appear to be wary of Chinese tech stocks right now due to regulatory and geopolitical risk. The Chinese government has begun to assert its power over these tech monoliths in a big way. If this power struggle… Source link

Goldman Sachs’ closely watched chief U.S. equity strategist David Kostin isn’t ruling out more upside for the stock market into year end, but he does acknowledge gains will be tougher to generate.  “You’ve got two big headwinds facing the market in the next six months that I think is likely to restrain the appreciation. The first issue is higher rates [interest]. The idea of higher rates is typically associated with some lower valuations,” Kostin said on Yahoo Finance Live.  Kostin says the… Source link

TipRanks 3 Monster Growth Stocks That Could Reach New Highs Out on Wall Street, things are always changing. Share prices fluctuate, new players make their market debuts, the macro environment gets shaken up and long-term trends shift. That said, one thing remains the same: growth is the name of the game. Growth stocks consistently score a spot on investors’ wish lists, given their potential to deliver returns. This growth potential goes above and beyond the norm, as these plays have already… Source link