Archive List for Market

Meta expected to lay off workers from Reality Labs division: Report

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Meta (META) will lay off an unknown number of workers from its Reality Labs division, according to a Reuters report. The business segment — which is focusing on the development of the tech company’s metaverse — has about 600 employees and is expected to make most cuts from the chip-making unit. Yahoo Finance Reporters Akiko Fujita and Rachelle Akuffo break down the report and discuss what this means for the company’s long-term investment in the metaverse. 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 #Meta #stockmarket About Yahoo Finance: At Yahoo Finance, […]

Warby Parker stock jumps on upgrade to Outperform

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Shares of Warby Parker (WRBY) rose in early trading after Evercore ISI upgraded its rating on the stock to “outperform.” Analyst Mark Mahaney argues that 2024 “is likely to be an inflection year” for the eyeglass retailer. Mahaney’s $20 price target implies a 50% upside to the stock. Yahoo Finance Live takes a closer look at Mahaney’s call. 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 data, social interaction and mortgage rates that help you […]

Tech: Nvidia stock pops after Goldman Sachs adds to ‘Conviction List’

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Shares of Nvidia (NVDA) are rising this morning as Goldman Sachs added the chipmaker to its “Conviction List.” Other additions to the list include Okta (OKTA) , Cintas (CTAS) , and Quanterix (QTRX), while removing Salesforce (CRM) and Johnson Controls (JCI) from the list. 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 data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus […]

Holiday travel deals: Tips to get the best price on your trip

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How much that flight will cost you. Yahoo Finance’s Rachelle Akuffo is joined by Hopper Lead Economist Hayley Berg, who says that Thanksgiving and Christmas ticket rates are expected to increase after October 14th, so “it is time to start planning.” In comparison to the past few years (excluding 2020), airfares are “looking really good” for Thanksgiving travel, but Christmas travel has seen an uptick in comparison to 2019. If flying internationally— “when you travel matters” states Berg, referring to off peak travel dates. 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 […]

UAW and the Big 3, ‘still seem pretty far apart’: Gregory Migliore, Autoblog Editor-In-Chief

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Autoworker’s expanded their historic strike. against Ford (F) and General Motors (GM). Starting Friday at noon, workers walked off Ford’s Chicago Assembly Plant and GM’s Lansing-Delta Assembly Plant, however, Stellantis (STLA) was left out of this expansion due to gains being made in negotiations. Both leaders from Ford and United Auto Workers have increased their media presence, attempting to control the narrative of the strike, leading to what seems like a further division. Gregory Migliore, Autoblog Editor-In-Chief, joins Yahoo Finance reporters Josh Lipton and Julie Hyman to break down efforts from both leaders and how the tension between both sides has potentially escalated. “Not only are the sides farther apart, […]

FTX founder Sam Bankman Fried faces up to 110 years in federal prison

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Former FTX CEO Sam Bankman-Fried is scheduled to begin his criminal trial on October 4, 2023. Bankman-Fried faces a total of seven charges related to alleged fraud and embezzlement of customer funds through the company’s crypto exchanges. If convicted, Bankman-Fried could potentially face up to 110 years in federal prison. Yahoo Finance Legal Reporter Alexis Keenan breaks down the trial details and all charges brought against Bankman-Fried. 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 […]

Levi Strauss gets an Outperform rating from TD Cowen

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TD Cowen initiated coverage of Levi Strauss & Co. (LEVI) with an “outperform” rating and $16 price target. It’s ahead of the company’s third quarter earnings release on Thursday, October 5. TD Cowen Senior Research Analyst Oliver Chen joins Yahoo Finance Live to discuss the reasons for the rating and some of the things he is watching ahead of the earnings call. “As we survey consumers, [Levi Strauss is] number one by far, it also has dominant share. But as we look forward, what’s really happening is global growth,” as the company is “going more direct-to-consumer… they’re also going more international,” Chen explains. “What we are concerned about in the […]

CarMax stock drops on Q2 earnings, interest rate pressures

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Shares of used car retailer CarMax (KMX) are falling this morning over its mixed second-quarter earnings, citing declining used car demand and higher interest rates impacting business. Yahoo Finance Live takes a look at the stock action surrounding the auto dealer in a tightened consumer environment. 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 #CarMax #youtube #yahoofinance 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 […]

Micron investors ‘thinking too optimistically’ about rebound: Analyst

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Micron Technology (MU) shares slide lower this morning after investors express disappointment on the extent of its fourth-quarter earnings beat. Fox Advisors Founder and CEO Steven Fox spoke with Yahoo Finance Executive Editor Brian Sozzi and Brad Smith about the pain points in Micron’s bottom line and declining revenue across segments. “We have been cutting numbers for the better part of the year… we finally got to the point where we are not cutting numbers anymore,” Fox states. “The bad news is… the sell-side in general and the consensus is thinking too optimistically about the type of rebound Micron is going to have from these levels.” Fox also comments on […]

Peloton stock jumps on Lululemon partnership

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Two fitness brands are teaming up. Peloton (PTON) and Lululemon Athletica (LULU) have announced a new five-year partnership. As part of the deal, Peloton will become the “exclusive digital fitness content provider” for Lululemon, while Lululemon will become Peloton’s “primary athletic apparel partner.” Yahoo Finance Live Julie Hyman and Josh Lipton break down the announcement. 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 data, social interaction and mortgage rates that help you manage your financial […]