Tag Archives: Street

[unable to retrieve full-text content]Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief  Yahoo Finance Source link

The uber-busy Elon Musk is still a key risk to the successful running of Tesla (TSLA) that investors shouldn’t lose sight of, warned Jefferies analyst Phillippe Houchois. “We have published research many times in the past where we say the enemy is inside of Tesla,” Houchois said on Yahoo Finance Live (video above). “Musk is an incredible driving force, but he is also the one that brings unnecessary risk, in a way, to the situation.” The prickly billionaire reminded investors of that risk at… Source link

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, January 18, 2023 Today’s newsletter is by Myles Udland, Head of News at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Goldman Sachs’ (GS) quarterly results posted Tuesday served as the final marker of a year investment bankers won’t soon want to… Source link

Some firms across the financial industry are giving workers the boot after dealmaking activity tumbled last year and as a potential recession looms. But the picture among Wall Street’s six biggest banks is mixed when it comes to the scale of these layoffs. And some firms are even adding staff in this environment — as JPMorgan chief Jamie Dimon said last week, his bank is in “hiring mode.” Along with financial results for the fourth quarter, Goldman Sachs (GS) and Morgan Stanley (MS) each… Source link

Impressed with Google Street View? Meet the company that does the job for Google  17 January, 2023, 09:25 am Last modified: 17 January, 2023, 05:46 pm In two and half decades, Decode has endeavoured into photogrammetry, GIS, animation, drama series and various other knowledge-driven businesses, walking a tightrope between success and failure  17 January, 2023, 09:25 am Last modified: 17 January, 2023, 05:46 pm Photo: Courtesy “> Photo:… Source link

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The U.S. economy added 223,000 jobs in December, more than economists expected, while the unemployment rate fell to 3.5%. Job growth has slowed in recent months against a backdrop of higher interest rates, but the labor market remains tight despite the Federal Reserve’s efforts to cool demand for workers that has placed upward pressure on wages and driven up inflation. December’s report showed wage growth cooled slightly, a sign investors perceived may ease the pressure off of Fed officials to… Source link

U.S. stocks rallied Wednesday as strong earnings from Nike and FedEx, along with upbeat consumer confidence data, lifted sentiment after a recent bout of selling. The S&P 500 (^GSPC) surged 1.5%, while the Dow Jones Industrial Average (^DJI) jumped more than 500 points, or 1.6%. The technology-heavy Nasdaq Composite (^IXIC) also advanced 1.5%. An upbeat gauge of consumer confidence helped raise the mood on Wednesday. The Conference Board’s Consumer Confidence Index rose to 108.3 this month… Source link

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google has for years struggled to improve its position in the cloud market versus leaders like Amazon.com Inc (NASDAQ: AMZN) and Microsoft Corp (NASDAQ: MSFT). An internal estimate by Google, from a leaked Microsoft document and some extrapolation of other market statistics, indicated Google Cloud believes it’s closer to second place than analysts think, CNBC reports. Google estimated that Microsoft generated under $29 billion in Azure… Source link

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