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Yahoo Finance at Yahoo Finance 54 mins ago
Stocks end a rough week on a down note, as big tech earnings from Facebook and Amazon can't buoy the market. We break down the week that was on The Final Round with Jen Rogers, Rick Newman, S&P's Erin Gibbs, and Bloomberg Gadfly columnist Mike Regan.
Winners and losers
Stocks ending the week on a down note include drugmaker Gilead on a revenue and profit miss, Valeant falling after issuing its delayed annual report, and MDC Partners - the advertising holding company getting hit after short-seller Daniel Yu at Gotham Research issued a report questioning MDC's accounting practices. MDC says the accusations are misleading and false. On the flipside, stocks bucking the tape on a down day include Expedia on a profit and revenue beat, Genworth Financial on a big earnings beat, and Tivo - the DVR set top box maker jumping as it agreed to be bought out by digital guide and technology provider Rovi.
Yahoo Finance at Yahoo Finance 2 hrs ago
Joining Jen Rogers to discuss some of the other big stories of the day are David Nelson, Chief Strategist at Belpointe Asset Management and Kevin Mahn, CIO, Hennion & Walsh Asset Management.
Amazon's Jeff Bezos just made $6 billion in seconds
Oil sector looking weak
Billionaire battle of words
Hedge fund mogul Carl Icahn ominously warned of a “day of reckoning” in the financial markets, adding that the Fed’s policy of super-low interest rates could create quote “tremendous bubbles.” How did Warren Buffett respond to this?
Yahoo Finance at Yahoo Finance 5 hrs ago
Here are some of the stocks the Yahoo Finance team will be tracking or you today.
Amazon (AMZN) shares soared in early trading after it obliterated analysts' expectations on both its top and bottom lines for the first quarter thanks mostly to its growing retail business and new cloud services. More and more people are signing up for Amazon's Prime loyalty program. The subscription allows customers to stream movies and add better shipping options with their purchases. Amazon says they will start ramping up spending to entice more customers to sign up for prime.
LinkedIn (LNKD) reported better-than-expected earnings and revenue for the first quarter as sales jumped 35% from a year ago, due to strong demand for its hiring services and robust ad revenue. The company also raised is outlook for the year.
Yahoo Finance at Yahoo Finance 6 hrs ago
Wall Street is stuck in the red as investors get ready to wrap up the week and the month. All three major averages ( ^DJI , ^GSPC , ^IXIC ) are sharply lower across the board with technology and health care shares leading the declines.
On the economic front, Americans made more money but remained cautious about spending it last month. Personal income rose 0.4% in March, while spending was only up a scant 0.1%, according to the Commerce Department.
Sam Stovall, U.S. Equity Strategist at S&P Capital IQ expains to Yahoo Finance's Jen Rogers in the video above why his strategy would not be to sell in May, but to "rotate, rather than retreat."
Google lays out plan for the future The tech giant is looking towards the future with plans to focus on artificial intelligence, rather than handheld devices. Will Google (GOOGL) be able to dominate the AI space?
Yahoo Finance at Yahoo Finance 21 hrs ago
If you’re attending this year’s Berkshire Hathaway (BRK-A, BRK-B) annual shareholders meeting—or watching Yahoo Finance’s live stream coverage—there’s a good chance you’ll see scores of shareholders wandering around while munching on lots of goodies. One of the tastier snacks will be Dairy Queen ice cream, which many attendees look forward to eating year after year.
Berkshire Hathaway acquired Dairy Queen in 1997, and the restaurant’s ice cream has quickly become one of legendary investor Warren Buffett’s absolute favorites. Known for its iconic Dilly Bar and fully-loaded Blizzards, Dairy Queen has been serving soft-serve ice cream since 1940, when its first store opened in Joliette, Illinois. Now, there are more than 6,000 Dairy Queen locations worldwide.
And Buffett is known to be a "regular" visitor to Dairy Queen in Omaha, Nebraska. He told Yahoo Finance editor-in-chief Andy Serwer that it’s a tradition he shares with his great grandchildren.
Stocks waver as the Bank of Japan blinks. And it's all eyes on Amazon with earnings on the way. Catch The Final Round at 4 p.m. ET with Jen Rogers and Yahoo Finance columnist Rick Newman.
Will Amazon follow in Facebook's footsteps with a strong earnings beat? We'll have Amazon's late-breaking earnings announcement after the bell.
Warren Buffett's ground rules
What was Warren Buffett like when he was a young investor? Author Jeremy Miller, who's studied the Oracle's early letters, gives us the lowdown.
Winners and losers
Stocks on the move lower include Domino's Pizza as earnings and revenue missed estimates; First Solar as revenue missed the mark and CEO James Hughes would be stepping down; and Priceline down after announcing CEO Darren Huston resigned following an investigation into a relationship he had with an employee. Stocks ripping higher include Facebook hitting an all-time high following its earnings blowout; medical device maker St. Jude Medical on its sale to Abbott Labs for $25 billion; and Dreamworks Animation up again +20% today after confirming it will be bought by Comcast for $3.8 billion.
Stocks (^DJI, ^GSPC, ^IXIC, ^RUT) are mixed midday, reversing a large drop in pre-market trading after the Bank of Japan announced no new stimulus and the U.S. GDP missed estimates, coming in at 0.5%. Tech (XLK) is finally leading the markets up for the first time this week thanks to a huge Facebook (FB) earnings beat after the bell Thursday. Utilities (XLU) are lagging but are down only slightly.
Joining Jen Rogers to discuss some of the other big stories of the day are Yahoo Finance's Rick Newman and Scott Rostan, president and founder at Training The Street.
How much bang for the buck are political donors getting?
Shrek is coming to Comcast
Priceline CEO forced to step down after illicit affair
Here are some of the stocks the Yahoo Finance team will be watching for you today.
Facebook (FB) shares hit a new all-time high in early in early trading after the social media giant's first-quarter revenue rose over 50%, crushing Wall Street expectations. The big beat comes as the company brought on new advertisers with its popular mobile app and live video feature. Facebook also announced a new shareholding structure designed to keep CEO Mark Zuckerberg in control.
Ford (F) delivered earnings and revenue that raced past analysts' estimates as net income more than doubled to $2.5 billion for the first quarter driven by strong sales of trucks and SUVs, which helped propel revenue to record levels in North America. Amazon (AMZN) is set to report first-quarter results after the close of trading today. Analysts are looking for Amazon to swing to a profit of $0.58 a share, compared to $0.12 loss last year. Revenue is projected to jump 23% to about $28 billion.
Priceline CEO's abrupt exit
Wall Street is having a rough go of it today. Stocks (^DJI, ^GSPC, ^IXIC) are struggling to claw their way back to gains after the Bank of Japan surprised markets by keeping rates unchanged and didn't provide any further stimulus. Adding to the not so good news, the first reading of U.S. economic growth for the first quarter came in weaker than expected, as consumers and businesses spent less and exports continued to decline.
The Commerce Department reported gross domestic product grew by a meager 0.5% from January through March. That is down from 1.4% growth in the fourth quarter.
Priceline CEO's abrupt exit
Priceline's (PCLN) CEO Darren Huston is stepping down following a board-led investigation "surrounding a personal relationship with an employee." Priceline has appointed former CEO and current chairman Jeffery Boyd as interim chief executive as it searches to find a successor.
Stocks shake off a big Apple drop as the Fed paves the way for a rate hike. And Facebook earnings are almost here. Catch The Final Round at 4 p.m. ET with Jen Rogers and Yahoo Finance editor-in-chief Andy Serwer.
The social media giant is expected to report numbers that blow past estimates. We break down the numbers live.
Reading the Fed tea leaves
Joining The Final Round for more on the Fed's latest move is Pedro da Costa, editorial fellow at the Peterson Institute for International Economics and contributor to Foreign Policy magazine.
Winners and losers