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 Tuesday, Oct. 25, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. Read this and more market news on the go with Yahoo Finance App. This week, we’ll get Q3 earnings announcements from some big names including Microsoft (MSFT), Alphabet (GOOG, GOOGL), Meta Platforms (META), Apple (AAPL), and Amazon ( Source link
Read More »Alphabet (Google) Expected to Report Earnings Slide
Key Takeaways Analysts estimate EPS of $1.25 vs. $1.40 in Q3 FY 2021. Google Cloud revenue is expected to rise year over year but at the slowest pace in at least four years. Revenue is expected to rise but at a slower pace compared to recent quarters. Alphabet (Google) Inc. (GOOGL), the third-largest tech company by market capitalization, will probably report a third straight quarter of earnings declines and slowing revenue growth for the third quarter of 2023 amid a challenging ad… Source link
Read More »Google Has Until 2028 To Satisfy A Competition And Markets Authority Commitment: Report 10/19/2022
The lack of federal privacy laws has left advertisers struggling to keep up with individual state laws, as Google and Microsoft continue to work on developing technology that works. Earlier this year, JoAnne Monfradi Dunn, founder and CEO of Alliant, a data-as-a-service company that combines first- and third-party data … Source link
Read More »China has stopped sales of LNG to Europe to make sure its own households have enough gas for the winter, report says
China has been supplying LNG to Europe after Russia curbed supply to the region.Hoëgh LNG China told state-owned natural gas importers like Sinopec and CNOOC to halt LNG sales to Europe, per Bloomberg. The order to halt resales comes as Beijing looks to protect domestic gas supplies for the winter. China has been a crucial supplier of gas to Europe as the region faces a Russia-driven energy crisis. Beijing has reportedly told state-owned natural gas importers to halt resales of cargoes to… Source link
Read More »Rupert Murdoch considers recombination of Fox and News Corp: Report
Rupert Murdoch is reportedly considering a recombination of Fox (FOXA) and News Corp (NWSA). According to Murdoch-owned The Wall Street Journal (WSJ), the 91-year-old businessman is currently in early discussions to rejoin the two entities of his media empire, which formerly split in 2013. Disney acquired the bulk of Fox’s entertainment assets in a $71 billion deal back in 2019. The WSJ report added that special board committees have been established by both companies to study a possible deal… Source link
Read More »Stock futures sink as inflation report comes in hotter than expected
U.S. stock futures fell Thursday after inflation data showed that consumer prices climbed more quickly than expected. S&P 500 futures (^GSPC) fell 1.54% while futures on the Dow Jones Industrial Average (^DJI) ticked down 1.10%. The technology-heavy Nasdaq Composite (^IXIC) down by 2.50%. The 10-year treasury yield were back above 4%. The Bureau of Labor Statistics released its Consumer Price Index (CPI) for September early Thursday, which showed prices rose 8.2% over the prior year and 0.4%… Source link
Read More »A key inflation report that settles little for Wall Street: 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 Thursday, October 13, 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. Wall Street awaits this morning’s consumer price index release for September with bated breath despite the overall song remaining the… Source link
Read More »Nearly half of Americans earning more than $100K now report living paycheck to paycheck — here are the consequences
Nearly half of Americans earning more than $100K now report living paycheck to paycheck — here are the consequences Americans are still grappling with high inflation — the consumer price index was 8.3% in August — and even the wealthy are teetering on the edge. About 6-in-10 Americans were living paycheck to paycheck in August, according to a recent report produced by commerce data platform PYMNTS and personal loans website LendingClub. And even those who earn six-figure incomes are… Source link
Read More »Stock futures edge higher ahead of inflation report, Fed minutes
U.S. stock futures were higher Wednesday but pared some earlier gains as investors weighed producer price data that came in slightly higher than expected. S&P 500 futures (^GSPC) rose 0.2% while futures on the Dow Jones Industrial Average (^DJI) ticked up 0.15%. The technology-heavy Nasdaq Composite (^IXIC) rose by 0.2%. Wall Street has been keeping a close eye on monetary action overseas, as Bank of England Governor Andrew Bailey announced the bank would end its emergency bond-buying program… Source link
Read More »S&P, Nasdaq close lower ahead of inflation report, earnings
U.S. stocks fell on Tuesday to cap a back-and-forth session as investors gear up for a big inflation report Wednesday and the start of third-quarter earnings season. The S&P 500 (^GSPC) fell 0.6% after failing to retain a gains from an intraday rebound, and the Nasdaq Composite (^IXIC) tumbled 1.1% to a fresh two-year low. The Dow Jones Industrial Average was an outlier — ending 0.1% in the green. Meanwhile, the benchmark 10-year Treasury note came close again to the key 4% level. Investors… Source link
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