Wall Street is sipping on Starbucks shares after a better than expected quarter sparked optimism on a broader rebound in the business next year. Starbucks stock gained 3% in premarket trading on Friday as fiscal fourth quarter sales, U.S. same store sales and profits handily beat analyst forecasts. The coffee giant had one of the Top 10 most visited ticker pages on Yahoo Finance ahead of the opening bell. On a call with analysts, execs stuck with upbeat guidance for earnings growth of 15% to… Source link
Read More »Tesla China deliveries slip from record high despite price cuts
Despite fresh price cuts in the region, Tesla sales in China tapered off in October. The China Passenger Car Association (CPCA) reported Tesla delivered 71,704 China-made Model 3 and Model Y vehicles in October, which was a 14% drop from September. Tesla’s September sales of 83,135 were an all-time high for Tesla in China, after the automaker upgraded its Shanghai Gigafactory this summer in order to boost production to over 750K vehicles a year. Despite the drop in Tesla deliveries, total… Source link
Read More »Google Case Before High Court Could Reshape Internet Economy
Tech Tech industry fears legal rulings could weaken the liability shield that allowed internet platforms to flourish Source link
Read More »Core US Inflation Rises to 40-Year High, Securing Big Fed Hike
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labor Department… Source link
Read More »Google Issues ‘High’ Priority Update For Chrome Browser Users
Chrome browser users worldwide should perform an urgent update after Google reported six new ‘High’ threat security bugs. Google confirmed the news on its official Chrome blog, stating that the bugs affect Chrome on Windows, macOS and Linux. It has released Chrome 106.0.5249.119 to combat the threats. Google Chrome must be regularly updated to stay safe Google Google provided the following information about the six new Chrome vulnerabilities: High – CVE-2022-3445: Use after free… Source link
Read More »Yandex.Taxi under investigation in Kazakhstan for establishing high prices
Yandex.Taxi under investigation in Kazakhstan for establishing high prices AKIPRESS.COM – The Agency for the Protection and Development of Competition in Almaty is conducting an investigation in competition protection against Yandex Taxi.Corp LLP for establishing a monopoly high price. Such information was posted on the agency’s website on September 20. The establishment of a monopoly high price is prohibited by subparagraph 1 of Article 174 of the Entrepreneurial Code of… Source link
Read More »Mac Jones believed to have high ankle sprain after painful grimace while being carried down stairs
New England Patriots quarterback Mac Jones was in obvious pain following the team’s 37-26 loss in Week 3. Jones — who took a rough hit with under two minutes to play — needed to be helped down the stairs at the stadium before undergoing X-rays. Jones appeared to be in immense pain while being helped down the stairs. While X-rays reportedly came back negative on Jones’ leg, he is believed to have suffered a high ankle sprain, according to multiple reports. It’s unclear how long Jones may be… Source link
Read More »BofA Says Cash Is King as Investor Pessimism Hits 2008-Era High
(Bloomberg) — Investors are flocking to cash and shunning almost every other asset class as they turn the most pessimistic since the global financial crisis, according to Bank of America Corp. strategists. Most Read from Bloomberg Cash had inflows of $30.3 billion, while global equity funds saw outflows of $7.8 billion in the week through Sept. 21, the bank said in a note, citing EPFR Global data. Bond funds lost $6.9 billion, while $400 million left gold, the data showed. Investor sentiment… Source link
Read More »Legendary investor Stanley Druckenmiller warns there is a “high probability” the stock market will be “flat” for an entire decade
After a hotter-than-expected inflation reading spooked investors on Tuesday, the Dow Jones industrial average sank over 1,200 points in the stock market’s worst showing since June 2020. That same day, Stanley Druckenmiller, one of Wall Street’s most respected minds, argued that the pain won’t be temporary—and that stocks face an entire decade of sideways trading as the global economy goes through a tectonic shift. “There’s a high probability in my mind that the market, at best, is… Source link
Read More »A.J. Brown flies high in Eagles debut
As great as A.J. Brown was in his Tennessee days, he was more secret weapon than anything. Rookie season? Brown finished as the fantasy WR9 despite ranking 46th in receiver targets. The following year, it was more of the same — WR9 finish, 30th on the target board. Brown’s rank collapsed to WR32 last year, despite a bump up in workload. But the Titans never peppered him with constant opportunities. For Brown’s time in Tennessee, he had just five games with double-digit targets. So… Source link
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