Tag Archives: year

[unable to retrieve full-text content]The Fed’s deadline for rate cuts this year is sooner than you think: Morning Brief  Yahoo Finance Source link

[unable to retrieve full-text content]An accounting firm hired to vet Truth Social’s financials quit after less than a year because it no longer wanted to be …  Yahoo! Voices Source link

NFL free agency begins Wednesday at 4 p.m. Eastern time. And if you’ve been off the NFL grid for two days, that official start will be more exciting than it really is. The NFL’s so-called legal tampering period started Monday and there was a frenzy to lock up the top free agents. By the time Wednesday rolled around, 17 of the 25 free agents from Yahoo Sports’ top 25 on Monday had agreed to deals. That doesn’t mean free agency is over. Teams will still be searching for veteran help and there… Source link

Morgan Stanley’s Adam Jonas is the latest analyst to raise some concerns with Tesla (TSLA). In a note to clients, Jonas wondered, “Could Tesla lose money (sometime) this year?” In cutting his price target to $320 from $345 (still one of the more bullish targets on the Street), Jonas noted concerns such as continued lag in EV demand despite price cuts, fleet operators like Hertz dumping EVs, and “strong hybrid momentum” peeling away potential EV buyers who are on the fence. Jonas said… Source link

Federal Reserve Chair Jerome Powell plans to tell House lawmakers Wednesday that interest rate cuts are likely “at some point” in 2024, but that the central bank will proceed cautiously as it evaluates whether inflation is cooling appropriately. “If the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year,” Powell said in a copy of his prepared remarks to the House Financial Services Committee. The group at the Fed… Source link

The streaming industry’s password-sharing crackdown has claimed its next victim — Warner Bros. Discovery’s (WBD) Max streaming service. The platform formerly known as HBO Max will begin to restrict the practice later this year, with a wider rollout expected in 2025, Yahoo Finance confirmed. The news, first reported by Bloomberg, comes as media companies face pressure from shareholders to scale their streaming services and make them profitable. Streamers can boost their subscribers by… Source link

Zach Edey can become the first person to win back-to-back national player of the year awards since Ralph Sampson did so in 1982. (AP/Michael Conroy) Zach Edey won’t be returning to Purdue next season after all. The reigning national player of the year will declare for the NBA Draft after the Boilermakers’ season ends later this spring, head coach Matt Painter told CBS Sports’ Jon Rothstein on Monday. Edey had one final season available to him at Purdue if he wanted it due to the COVID-19… Source link

Seasonality graphs did well in predicting market outcomes for 2023, and current seasonality charts point to a dip to come. Is this a pattern or just circumstantial? Yahoo Finance’s Jared Blikre joins the Live show to break down the latest numbers in the market and let investors know how well seasonality graphs will predict market trends for 2024. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s note: This article was… Source link

By Manya Saini (Reuters) – PayPal’s forecast of flat growth in adjusted profit for the current year overshadowed its market-beating earnings report, sending shares of the payments giant down 7% in extended trading. On a post-earnings call, newly appointed CEO Alex Chriss laid out a strategic plan to turn the company leaner in its pursuit of driving profitable growth and ease pressure on its shares, which was one of the worst performers on the Nasdaq 100 Index in 2023. “We want to be clear eye… Source link

A year ago today, Microsoft unveiled its ambitious plans for an AI-powered Bing search engine. It was the biggest launch in the history of Bing, helped push AI usage even further into the mainstream, and spurred a wave of dreams and panic about what AI could impact next. The launch was even successful enough to rattle Google, which was quickly seen as falling behind on artificial intelligence. “They will definitely want to come out and show that they can dance,” Microsoft CEO Satya… Source link