Tag Archives: raises

Dell’s AI guidance raises prominent chip stocks

Dell’s AI guidance raises prominent chip stocks

Dell Technologies (DELL) shares are catapulted higher ahead of Friday’s session close, seeing upward gains of 30%. Dell outpaced fourth-quarter earnings estimates in the top and bottom lines, as reported on Thursday. Yahoo Finance Live monitors the upward momentum seen by chip stocks reacting to Dell’s positive guidance around AI, including Advanced Micro Devices (AMD) and NetApp (NTAP). For more expert insight and the latest market action, click here to watch this full episode of Yahoo… Source link

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Google’s ‘lowest-paid workers’ ask for raises and benefits at headquarters rally

Google’s ‘lowest-paid workers’ ask for raises and benefits at headquarters rally

Michelle Curtis has rated Google searches professionally for eight years — training, testing and evaluating the algorithms for the company’s dominant search engine — while making $13.50 an hour. On Jan. 1, Curtis received a raise to $14.50 an hour, which is still lower than the $15 minimum hourly wage that Alphabet Inc. GOOGL, +1.61% GOOG, +1.56% has established for its temporary, contractor and vendor workforce,… Source link

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Federal Reserve raises interest rates another 0.25% to highest since October 2007

Federal Reserve raises interest rates another 0.25% to highest since October 2007

The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007. In its statement on Wednesday, the central bank acknowledged the slowdown in inflation as the Fed continues to assess the impact its interest rate hikes have had on consumer prices over the last year. The 25 basis point rate hike marks a further slowdown in the Fed’s pace of rate increases after the… Source link

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AriZona raises bottle prices by 25% to keep iconic cans at 99 cents

AriZona raises bottle prices by 25% to keep iconic cans at 99 cents

AriZona beverage company co-founder Don Vultaggio vowed to maintain the brand’s iconic 99-cent can, but to keep that promise amid rampant inflation, something else had to give. At the beginning of the year, the New York-based company (nope, not Arizona) raised the price of its 20-ounce bottle, what it calls “Tallboys,” from $1.00 to $1.25, up 25%, in the Northeast, its largest market. “We changed the price in certain markets at the beginning of this year,” he told Yahoo Finance in a phone… Source link

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Federal Reserve raises interest rates by 0.50% in final meeting of 2022

Federal Reserve raises interest rates by 0.50% in final meeting of 2022

The Federal Reserve raised short-term interest rates Wednesday by a half percentage point, slowing down its pace of rate hikes from this summer’s torrid clip. The rate hike brings the Fed’s benchmark policy rate, the federal funds rate, to a new range of 4.25%-4.5%, the highest level since December 2007. Wednesday’s 50 basis point rate hike comes after the Fed raised rates by 75 basis points at each of the past four policy meetings — its most aggressive stretch since the 1980s. “Recent… Source link

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Inflation data raises doubts about whether Fed will ‘stay the course’: Morning Brief

Inflation data raises doubts about whether Fed will ‘stay the course’: 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 Friday, November 11, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Stocks and bonds had an especially bullish reaction to new data out Thursday showing that inflation continues to moderate after… Source link

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