Archive List for Market

Disney boosts park investments, is in a ‘period of transition’: Analyst

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Disney (DIS) is investing big in its park business. The entertainment giant announced it will invest $60 billion into its parks and cruise business over the next 10 years. Third Bridge Group Sector Analyst Jamie Lumley says the company is in a “period of transition” as it tackles an unprofitable streaming business, a linear business that’s under pressure, and concerns about the impact of price hikes at the parks. Lumley argues that given the uncertainty surrounding the streaming and linear businesses, Disney is choosing to “bolster” a business that tends to be more reliably profitable. For more expert insight and the latest market action, click here to watch this full […]

Stitch Fix reports Q4 net loss while winding down UK operations

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Shares of Stitch Fix (SFIX) drop this morning after reporting a fourth-quarter net loss of $28 million. Yahoo Finance Live examines the path forward for the online styling service under new CEO Matt Baer’s leadership and the decision to shutter the business’ U.K. operations. #stichfix #youtube #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 expert research and investment […]

Why oil could rise above $100 a barrel

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Oil prices (CL=F) are trading near a 10-month high after stronger-than-expected data out of China. The recent rise in oil prices has some concerned that it may cause inflation to increase, and, as a result, force the Federal Reserve to raise rates. Commerce Street Capital CEO and President Dory Wiley says investors “almost have to be bullish” on oil prices for the next few years due to long-term supply issues. “What’s kept oil prices down has been the expectation of a recession that hasn’t shown up,” Wiley says. Wiley explains that he thinks “the market’s kind of had it wrong and that its overestimated a demand problem that really hasn’t […]

Lululemon CEO teases new men’s shoes

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Lululemon (LULU) CEO Calvin McDonald unveiled the designer athleisure brand’s new line of men’s shoes at the Goldman Sachs Retail Conference. Yahoo Finance’s Josh Schafer, Alexandra Canal, and Pras Subramanian talk about Lululemon’s status among retail consumers and if the brand’s impact is strong enough to fully pivot into the shoe space. #youtube #yahoofinance #stockmarket 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. […]

Spotify denies 30-second song royalty hack

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Spotify (SPOT) is rejecting a report that claims that artists can get rich from royalties by posting a 30-second song and replaying the song for 24 hours. Spotify CEO Daniel Ek denied the report, writing on X “that’s not quite how our royalty system works.” Yahoo Finance Senior Reporter Alexandra Canal discusses Spotify’s royalty structure and the challenges AI poses for the entertainment industry. #Spotify #youtube #music 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 […]

Delta changes SkyMiles program, trims lounge access for Amex cardholders

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Delta Air Lines (DAL) is changing its Sky Club lounge access rules and how customers can qualify for elite status levels. The company announced that premium American Express (AXP) cardholders no longer have unlimited access to the Delta Sky Club lounge. Customers with Delta SkyMiles Reserve American Express credit cards are only allowed ten visits to the lounge per year, while Delta SkyMiles Platinum American Express cardholders are only allowed six visits per year. Yahoo Finance’s Pras Subramanian, Josh Schafer, and Alexandra Canal discuss how Delta’s new changes may impact customer loyalty. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, […]

Adobe Q3 earnings beats on top and bottom lines, sales guidance in line with estimates

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Adobe’s (ADBE) fiscal third quarter results topped Wall Street estimates on both the top and bottom lines. The software company reported adjust earnings of $4.09 compared to estimates of $3.98. The company also reported record revenue of $4.89 billion versus expectations of $4.87 billion. Its earnings forecast for the fourth quarter was also better than expected, while the revenue outlook was in line with analyst expectations. Yahoo Finance Live anchors Akiko Fujita and Seana Smith break down Adobe’s latest quarterly results. #Adobe #youtube #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 […]

Citigroup CEO announces reorganization, jobs cuts likely

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Citigroup (C) shares rose after CEO Jane Fraser announced a new reorganization plan. The company, which currently operates with two divisions, will undergo a transformation into five separate divisions, all directly reporting to the CEO. Fraser says the reorganization will streamline the business and “increase accountability.” Yahoo Finance’s Senior Reporter David Hollerith discusses the details of this reorganization and the possibility of job cuts amidst the changes. #Citigroup #youtube #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 […]

🛩️ Flight delayed or canceled? ‘You have recourse’: Sec. Pete Buttigieg #shorts

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Secretary of Transportation Pete Buttigieg sat down with Yahoo Finance Executive Editor Brian Sozzi, who is at the Goldman Sachs Communacopia & Technology Conference, to talk through the current state of airline travel in the U.S. Buttigieg joined Yahoo Finance Live on September 6, 2023. 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 expert research and investment ideas backed […]

Oil trades near 10-month highs: Where could prices go from here?

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#oil #crudeoil #yahoofinance Crude oil is trading near 10-month highs. OPIS Global Head of Energy Analysis Tom Kloza tells Yahoo Finance Live that he doesn’t think that oil prices are going to go that much higher, however, he cautions that prices could rise again given the high prices of heating oil, diesel, and jet fuel. On a positive note for consumer though, Kloza states that most of the rise in gasoline prices have “already occurred.” 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 […]