Nike (NKE) is getting its inventory bloat under control, much to the delight of investors. Shares of the apparel and footwear giant surged 12% in pre-market trading on Wednesday as better-than-expected sales and earnings quieted — for now — concerns that Nike would be hammered by sluggish global economic growth. The stock is the top trending ticker on Yahoo Finance as of 5:30 a.m. ET. But the real standout from Nike’s fiscal second quarter was the company noticeably working down its excess… Source link
Read More »‘Supply problem’ is keeping housing unaffordable, expert says
While many forecasts point to home prices declining next year amid slowing home sales, housing will remain unaffordable for many homebuyers, according to one expert. “We have a supply problem with housing,” Marc Norman, associate dean at the NYU Schack Institute of Real Estate, told Yahoo Finance Live (video above). “We’ll see the price declines, but I think the income gains that we are seeing lately are still not keeping up with the prices that we are seeing in the market — in most… Source link
Read More »Google is sending out mysterious emails warning of a problem with the Google Assistant
The problem is equally as confounding as the email alert Whenever something goes wrong with an app or a service that can potentially affect users, whether that’s a security breach, or some other kind of service interruption, we always appreciate when the company involved clearly discloses what’s going on to its users. After all, depending on the severity of the issue, they may want to take some steps to keep their data safe. But for as much we appreciate such… Source link
Read More »SBF’s ‘house of cards’ is the crypto industry’s problem now: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, December 14, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance app for Apple or Android.Yahoo Finance App. Sam Bankman-Fried, the disgraced founder and former CEO of FTX, has had a bad… Source link
Read More »Consumers remain the Fed’s biggest problem: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, December 7, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Another month, another strong jobs report. News last Friday that some 263,000 jobs were created in November showed the Federal… Source link
Read More »Consumers remain the Fed’s biggest problem: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, December 7, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Another month, another strong jobs report. News last Friday that some 263,000 jobs were created in November showed the Federal… Source link
Read More »This chart shows the stock market’s next problem
Wall Street is growing more cautious on the outlook for corporate profits amid persistent inflation and rising interest rates, and Mr. Market may be starting to take notice. Down goes profits. Fourth quarter earnings estimates for the S&P 500 have tanked 4.9% since Sept. 30, according to new research from Credit Suisse strategist Jonathan Golub. Energy profits remain strong. The downward revisions have been most acute in the tech space as the sector deals with slowing growth, which has led to… Source link
Read More »NBA tanking is a problem, so here is one possible solution to encourage quality regular-season play
The NBA’s current lottery system incentivizes less-than-blessed franchises to do all they can to do as little as possible in order to be in the best position to draft someone like, say, Victor Wembanyama. The league has tried various initiatives to curb the scourge that is tanking — something NBA commissioner Adam Silver is so concerned about he addressed it to team employees with the Phoenix Suns recently — a franchise that seemingly has very little chance of such a worry. As… Source link
Read More »If Musk lifted Twitter’s ban on Trump, there would be ‘a much bigger problem to solve’: analyst
Former President Donald Trump could soon return to Twitter (TWTR) now that Elon Musk has agreed to move forward with his $44 billion acquisition of the social media company. Musk has said in the past that he doesn’t agree with the lifetime ban on Trump, which Twitter enacted in early 2021 following the Jan. 6 attack on Capitol Hill. But restoring Trump’s account could pose another challenge for the platform should incendiary tweets drive advertisers away from Twitter and toward competitors… Source link
Read More »Google Photos Users Are Reporting A Serious Image Corruption Problem
If you’ve been using Google Photos for a long time, you may want to check some of your older photos. Multiple reports are coming in from worried users with pictures that have become corrupted by strange visual artifacts. Google Photos users are reporting multiple corrupted photos. GOOGLE MORE FROM FORBESGoogle Introduces Powerful New Google Photos Features – Rolling Out NowBy Paul Monckton The problem seems to affect photos that have been backed up to Google Photos several years ago…. Source link
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