Disney (DIS) stock has plummeted by over 50% over the past two years. Yahoo Finance Entertainment Reporter Alexandra Canal outlines the uncertainty surrounding various factors, including CEO Bob Iger’s renewed tenure after former CEO Bob Chapek’s departure and the media company’s restructuring of streaming and linear TV assets.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 #Disney #stockmarket 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 […]
Amazon’s (AMZN) third quarter earnings topped Wall Street estimates. Earnings of $0.94 per share topped expectations of $0.58. Net sales of $143.08 billion beat estimates of $141.56 billion. JMP Securities, a Citizens Company, Equity Research Analyst Nick Jones tells Yahoo Finance Live anchors Julie Hyman and Josh Lipton that the numbers were “solid.” Referencing the stock’s initial pop in after-hours trading, Jones suspects it’s because of operating income margins that “look really good.” Jones says that he thinks the company is “pulling all the various levers they have across their businesses units to kind of give investors what they’re looking for, which is better operating income margin.” For more expert […]
The United Auto Workers (UAW) union has reached a tentative deal with Ford — a four-year contract that includes most of the union’s demands, including wage hikes. Now the next question for the automaker is looking to be: How soon will Ford resume production? Autoblog Editor-in-Chief Greg Migliore says the automaker is already on it. “They [Big Three automakers] know what they’re doing”, Migliore tells Yahoo Finance anchor Rachelle Akuffo. Migilore expects “clear, structured labor costs” over the next four years to meet the demands of the union. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to […]
U.S. GDP grew by 4.9% at an annual rate in the third quarter of the fiscal year, defying a multitude of expectations of a slowdown. Some believe that a recession is on the way, as economic headwinds continue to spook investors and Treasury bond yields spike. Canaccord Genuity Chief Market Strategist Tony Dwyer is one such person, claiming investors need to brace for that eventuality. He joins Yahoo Finance anchors Julie Hyman and Josh Lipton to give insight into what he believes to be an inevitability. Dwyer postulates that a recession will be necessary to finally get the Fed to make major changes: “Earlier this week, we made [a] new […]
Sam Bankman-Fried, former founder of crypto exchange FTX (FTT-USD), is set to testify in his criminal trial in front of the judge, without a jury present. This arrangement is intended to ensure that all parts of the witness testimony are admissible, while also making it easier for appellate courts to understand the judge’s reasons for striking certain testimony later on, explains Sam Enzer, a partner at law firm Cahill Gordon & Reindel LLP. A key focus of Bankman-Fried’s testimony will be the role of lawyers in his actions. Prosecutors allege that Bankman-Fried intentionally instructed employees to auto-delete messages in order to evade regulators. However, Bankman-Fried claims he received approval from […]
The Federal Reserve has signaled on multiple occasions that they will keep interest rates higher for longer, much to the chagrin of some investors. The Fed’s policies, mixed with a myriad of economic headwinds, have simultaneously opened up new opportunities for investors, including parking investments in fixed-income. John McClain, Brandywine Global Portfolio Manager, joins Yahoo Finance to discuss his views on the Fed’s policies, where its true intentions lie, and how investors should frame these new opportunities. “This is a generational opportunity for investors to shift capital away from equities into fixed-income. The relative attractiveness of fixed-income compared to equity markets is the strongest it’s been in 20-plus years,” McClain […]
Earnings season is underway for Big Tech, with several stocks having mixed reactions despite beating expectations. This includes Meta (META), releasing third-quarter earnings Wednesday afternoon, yet seeing shares trend lower Thursday morning after doubling its revenue. Investors have been watching the sector closely, hoping it will bolster the market which has seen a downturn among rising Treasury yields and these mixed results. The Citadel Accounting & Finance Professor Paul Meeks joins Yahoo Finance Live anchors Brad Smith and Seana Smith to discuss why investors should show restraint and remain cautious on tech and growth stocks, despite all the hype with innovations and investments in AI. “Think about a company like […]
The U.S. economy experienced its most rapid growth in almost two years with GDP rising 4.9% at an annual rate in 2023’s third quarter. Consumer spending fueled the growth. However, Northwestern Mutual Wealth Management CIO Brent Schutte warns a recession could still be on the horizon, noting “the full impact of rate hikes have not hit yet” leaving us with “backward-looking data.” Schutte believes rising rates on auto loans, credit cards, and student debt will soon “erode the consumers’ condition.” While recent data is strong, he cautions headwinds are gathering as higher borrowing costs work through the economy. With mortgages comprising two-thirds of consumer debt and many on fixed rates, […]
Ford (F) has reached a tentative labor deal with striking United Auto Workers (UAW), agreeing to a 25% wage hike and cost-of-living adjustments among other stipulations. UAW President Shawn Fain characterized the deal as an “historic agreement” on day 40 of the union’s stand-up strike. Yahoo Finance Autos Reporter Pras Subramanian details what this could mean for the automaker ahead of Ford’s reporting third-quarter earnings on Thursday. 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 market […]
Despite a third quarter earnings beat, Mattel (MAT) fell as its outlook implies slowing growth, post-Barbie. Analyst James Hardiman joins Yahoo Finance Live to weigh in on implications long term for the company. To remain in the proverbial game, Hardiman says the company needs revenue “”re-ignition”” to sustain momentum past the Barbie movie boost. 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 […]
