Archive List for Business

Microsoft’s (MSFT) fiscal first quarter results beat analyst estimatesan d caused the stock to pop. RBC Capital Markets Software Equity Analyst Rishi Jaluria joins Yahoo Finance Live to weigh in on what Microsoft appears to be doing right. Jaluria notes Microsoft’s early adoption of AI as a factor in Microsoft’s separation from the rest—””Microsoft is in a league of its own when it comes to enterprise software, when it comes to tech.”” Jaluria goes on to say that “”the pace of innovation and the rate at which they’ve been able to integrate and infuse AI throughout their entire product suite, I think, is surprising all of us, and that is […]

Major tech companies Microsoft (MSFT) and Alphabet (GOOG, GOOGL) have invested heavily in artificial intelligence, which is having different impacts on their cloud businesses. Microsoft — owning a 49% stake in ChatGPT — has been integrating AI capabilities into its Azure cloud platform. This focus helped Azure revenue grow 29% last quarter. In contrast, Google’s cloud business did not see the same AI-driven boost, despite Google being a leader in AI research. Yahoo Finance Tech Editor Dan Howley discusses the growing reliance on AI in tech companies, outlining investor concerns that Google could be falling behind Microsoft in this regard. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo […]

Snap (SNAP) reported third quarter results that beat analyst estimates on both the top and bottom lines. The social media company reported earnings of $0.02 compared to estimates of ($0.04) and revenue of $1.19 billion versus the estimate of $1.11 billion. Roth MKM Managing Director Rohit Kulkarni says that Snap has been in “a whole lot of hurt” since Apple changed its privacy rules for apps, but that with recent executive changes “this is almost like a reborn, new company that is on the cusp of a turnaround.” Watch the video above to find out what it would take for Kulkarni to upgrade his rating on the stock. For more […]

Google parent Alphabet (GOOGL, GOOG) reported third quarter results that topped Wall Street expectations. The tech giant reported adjusted earnings of $1.55 per share versus estimates of $1.45 and revenue of $64.05 billion compared to expectations of $63.04 billion. Revenue for its cloud unit, however, fell short, $8.41 billion compared to the estimate of $8.6 billion. Roth MKM Managing Director Rohit Kulkarni joins Yahoo Finance anchors Julie Hyman and Josh Lipton to break down earnings. Kulkarni describes the quarter as having “a lot of positives with a slight yellow flag.” When it comes to AI, Kulkarni describes how Google is considered a “godfather of AI,” but that they “lost the […]

Microsoft (MSFT) shares are popping after the tech giant reported a fiscal first-quarter earnings beat. Baird Technology Desk Sector Strategist Ted Mortonson joins Yahoo Finance Live anchors Julie Hyman and Josh Lipton to weigh in on the report and what direction Microsoft will be taking with its products and software. Mortonson says Microsoft’s rebounding Azure cloud growth signals it’s moving past optimization and leaning toward more aggressive “investing in core generative AI” capabilities. 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 […]

While General Motors (GM) pulled through with a third-quarter earnings beat, CFO Paul Jacobsen admitted that the United Auto Workers (UAW) strike led the automaker to pull back on its 2023 guidance, already costing the company over $800 million. UAW picket lines expanded its picket lines on Tuesday, targeting GM’s full-size SUV plant in Arlington, Texas. Autoblog Editor-in-Chief Greg Migliore and CFRA Analyst Garrett Nelson compare the current auto workers’ strike with the 2019 strike and how each Big Three automaker — GM, Ford (F), Stellantis (STLA) — is positioned in the labor negotiations. “What you’re seeing more recently is the UAW walking out at the really high-margin plants of […]

JPMorgan Chase CEO Jamie Dimon warned about the Fed Reserve’s economic forecast at a conference in Saudi Arabia, calling Fed regulators “100% dead wrong” on their track record over the past 18 months. Tim Urbanowicz, Innovator Capital Management ETF Head of Research, reacts to Dimon’s comments on future interest rate hikes and how rates could be influencing Treasury yields. “There’s a very strong case right now that interest rates are restrictive,” Urbanowicz tells Yahoo Finance. “We’re at this point where we need to wait and see what the damage looks like with those hikes, but I think [Dimon is] exactly right in that it’s really about how long rates stay […]

The 30-Year fixed mortgage rate is quickly approaching 8% for many potential home buyers. Meanwhile, prices for new homes continue to rise, and inventory remains low, making both new and existing home owners reluctant to buy. According to the National Association of Realtors (NAR) existing-home sales dropped 15% in September on a year-over-year basis. This provides a miserable mix for the housing market that makes many believe the market has entered an early winter. David Mericle, Goldman Sachs Chief US Economist in Global Investment Research, joins Yahoo Finance to break down the impact all of this has on the housing market and what it will look like in the near […]

Treasury yields orbit 5% just as Fed regulators seek clarity as to whether or not to hike interest rates in the final months of 2023. RBC Capital Markets Head of Rates Strategy Blake Gwinn details the Fed’s mindset and why it may seem “very reluctant to continue rising rates.” “If longer-term rates are moving up and these mortgage costs and other ways it impacts the economy, if those are starting to get tighter and those financial conditions are tightening on their own, we need to do less,” Gwinn explains to Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Yahoo […]