Take-Two Interactive (TTWO) stock extends its gains surrounding its new announcement on the long-awaited Grand Theft Auto VI while also reporting fiscal second-quarter earnings. Michael Pachter, Wedbush Securities Managing Director of Equity Research, explains how the stock continues to react to the slightest detail on the next Grand Theft Auto installment and whether it is all hype or not at the moment. “The biggest problem investors have with Take-Two is lack of visibility,” Pachter tells Yahoo Finance on the developer’s history of teasing this title. “The stock is not trading on yesterday’s print or the hype around upcoming titles. It’s solely up on GTA, it’s going to have a trailer […]
Nvidia (NVDA) shares climbed after reports that the chipmaker plans to release three new AI chips specifically for China. This follows Nvidia announcing last month that new export restrictions may prevent it from selling its top AI chips in China. Nvidia currently dominates China’s AI chip market with over a 90% share. These alternative AI processors aim to comply with regulations. Yahoo Finance’s Tech Editor Dan Howley discusses the new China-exclusive chips Nvidia is reportedly creating to bypass trade limits on its AI semiconductors, providing insights on other tech firms affected by heightened export controls to China. For more expert insight and the latest market action, click here to watch […]
At the Yahoo Finance Invest conference, DoubleLine’s Jeffrey Gundlach said that the Magnificent Seven would be “the worst performers in the upcoming recession.” But eToro U.S Investment Analyst Callie Cox says they are “leaning in” to those stocks due to their durability and ability to perform during a recession. Cox notes investors recession fears have been in the market for so long, that investors have had time to prepare for a potential downturn. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #stockmarket #yahoofinance About Yahoo Finance: At Yahoo Finance, you get free […]
Bitcoin (BTC-USD) surged past $37,000 early Thursday, its highest level in 18 months. The cryptocurrency’s gains come amid speculation that the SEC may finally approve a spot bitcoin ETF. Yahoo Finance Senior Reporter Jared Blikre analyzes the factors behind bitcoin’s rise, observing patterns in other cryptocurrencies as the digital asset market aims to stage a recovery from recent crashes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #crypto #bitcoin About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage […]
Disney (DIS) published mixed fiscal fourth-quarter earnings on Wednesday, with revenue narrowly missing estimates under CEO Bob Iger’s new reporting structure for the media company’s segments. Iger is juggling a litany of tasks, from hiring a new CFO this week to staving off a proxy fight with activist investor Nelson Peltz, and managing a $7.5 billion cost-saving strategy. Yahoo Finance Entertainment Reporter Alexandra Canal details what Iger is prioritizing, as stated in Disney’s earnings call, and how the Hollywood actors’ strike weighed on Disney and other studios. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo […]
#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto To get the latest market news check out finance.yahoo.com The S&P 500 and Nasdaq eked out gains Wednesday, narrowly continuing Wall Street’s red-hot run of gains, as investors digested a fresh batch of corporate earnings amid a quiet week on the economic calendar. The S&P 500 (^GSPC) closed up 0.1%, extending its winning streak to eight days, the longest for the benchmark index since 2021. The Nasdaq Composite (^IXIC) also rose around 0.1%, continuing its own streak for the ninth straight session. The Dow Jones Industrial Average (^DJI) came in around 0.1% lower. Words of caution […]
The Food and Drug Administration has approved Eli Lilly and Company’s (LLY) Mounjaro, under the name Zepbound, for the treatment of obesity. Previously, Novo Nordisk’s (NVO) Wegovy and Ozempic were the only pharmaceutical options approved for obesity and weight management in the GLP-1 category. Yahoo Finance’s health reporter Anjalee Khemlani breaks down all the details, providing insights on what this could mean for the future of obesity drugs. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international […]
Amazon (AMZN) is offering a new healthcare benefit to Prime members through a partnership with One Medical, which the e-commerce giant acquired earlier this year. Amazon Prime subscribers will now get access to discounted virtual and in-person doctor visits for just $9 a month. Yahoo Finance Health Reporter Anjalee Khemlani breaks down all the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #Amazon #yahoofinance Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you […]
Mortgage rates pulled back below 8% last year, remaining elevated but plunging by the highest rate in 16 months. First American Chief Economist Mark Fleming reacts to the slip in fixed mortgage rates and what may encourage homeowners to enter the U.S. housing market. “There is sort of psychological handles around the main numbers, so getting back below 7% would be really good,” Fleming tells Yahoo Finance on mortgage rates. “Getting back below 6 [or] a 5% range mortgage rate, I think, would really begin to make people sort of say, ‘Well, look, I’ve lived in my house a few years, I know my mortgage rates maybe a little bit […]
The Walt Disney Company (DIS) reported mixed fiscal fourth quarter results. Adjusted earnings per share of $0.82 topped analyst expectations of $0.69, while revenue of $21.24 billion fell slightly short of estimates of $21.43 billion. The entertainment giant also now sees bigger cost savings than it had previously expected, raising its estimate to $7.5 billion from $5.5 billion. The company’s main streaming service, Disney+, also added more subscribers than the Street had been anticipating. Third Bridge Group Sector Analyst Jamie Lumley says that the growth in streaming subscribers is a “positive sign,” but that its direct-to-consumer losses, though smaller, are nonetheless still losses. Overall, Lumley says the streaming business is […]
