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 […]
Treasury yields are starting to come off from their highs. What does that mean for stocks? Watch Yahoo Finance’s Jared Blikre explain the connection in the video above. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. #youtube #stockmarket #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 manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with […]
Federal Reserve Chair Jerome Powell spoke at a conference Wednesday morning, celebrating 100 years of the Fed’s Division of Research and Statistics. While he made no comment on the status of the economy or monetary policy, the Dow Jones Industrial Average (^DJI) still rose after his speech. Investors have been closely eyeing any and all comments from the central bank to get a better insight as to future movement in the economy, as fears of a recession still loom. Girard CIO Tim Chubb joins Yahoo Finance to discuss the market and what investors should consider for their portfolios. “Looking at fixed income at particular, much more attractive and relative terms […]
Nintendo (NTDOY) shares gained after the video game company announced it will release a live-action ‘Legend of Zelda’ movie funded and distributed by Sony. This news comes on the heels of the successful release of Nintendo’s Super Mario Bros. movie adaptation earlier this year. Yahoo Finance’s entertainment reporterr Alexandra Canal break down the details of Nintendo’s strategy, providing insights on the trend of gaming companies leveraging popular franchises and characters to produce blockbuster movies. 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, […]
WeWork (WE) filed for Chapter 11 bankruptcy on Monday, consenting to a restructuring agreement for its investors to pay off $4 billion in debt. The shared workspace company was hit by a massive shift in how and where office workers perform their duties from the COVID-19 pandemic and debates over work-from-home policies. The company looks to further reduce its commercial real estate portfolio, much to the chagrin of landlords. Yahoo Finance Reporter Dani Romero joins the Live show to break down how landlords will be impacted by the Chapter 11 filing. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance […]
The Federal Reserve Bank of New York’s Household Debt and Credit report shows Americans owe approximately $1.08 trillion in credit card debt. This represents a $154 billion year-over-year increase, the largest annual jump since 1999. The report also found rising delinquencies across age groups, specifically among millennials aged 30-39. Yahoo Finance’s Rachelle Akuffo and Jared Blikre break down all the details. or 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 market data, social interaction and mortgage rates […]
Will there be a recession or not? It depends on who you ask. Raymond James CEO Paul Reilly (RJF) tells Yahoo Finance Live that he sees a soft landing ahead for the economy. “It’s hard to have a really big recession when everyone who wants to work can work and wages are going up, so I think the soft landing scenario is kind of where I would land,” Reilly says. Watch the video above to see what Reilly has to say about what a soft landing means for Raymond James. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. […]
Take-Two Interactive (TTWO) may soon announce details about the highly anticipated Grand Theft Auto 6, according to a Bloomberg report. The Grand Theft Auto franchise has sold over 405 million units to date, with the most recent entry, GTA 5, launching a decade ago in 2013. GTA 5 has sold over 185 million units as of Take-Two’s last earnings report, generating over $1 billion in sales. Yahoo Finance’s Tech Editor Dan Howley analyzed the enduring popularity of the decades-old GTA franchise, providing insights into the rumored GTA 6 release and what a new entry in the blockbuster series could mean for Take-Two Interactive. For more expert insight and the latest […]
Before the pandemic, WeWork (WE) was valued at $47 billion, quite the high for a company that just filed for Chapter 11 bankruptcy on Monday. According to Bloomberg, the company’s first appearance in bankruptcy court will be on Wednesday, to settle the $4 billion debt it can’t afford to pay back. The George Washington University School of Business Professor Christopher Kayes joins Yahoo Finance to discuss WeWork’s fall from grace as a startup darling, how it got to this point, and whether or not the original valuation was overhyped. “This is a company that never really had a business model that met the overhyped expectations that were placed on it. […]
Earnings season has almost come and gone for the past quarter and whether the Fed’s higher for longer interest rates have filtered through the markets has been a topic of many discussions. Ellen Hazen, F.L. Putnam Investment Management Co. Chief Market Strategist and Portfolio Manager, joins Yahoo Finance Live anchors Seana Smith and Brad Smith to discuss consistent stock performers following a majority underwhelming earnings season for tech giants like the Magnificent Seven stocks. “We’re looking at very steady, high cash flow, high return on invested capital compounders,” Hazen says, listing companies like Paychex (PAYX) and waste management provider Republic Services (RSG), later adding: “So some of these ‘steady-eddy’ companies […]
