Posts by Yahoo Finance
Yahoo Finance at Yahoo Finance 2 days ago
Wall Street slipping to end the week as mixed earnings reports, and a stronger dollar, weigh on stocks. Catch The Final Round at 4p ET with Yahoo Finance editor-in-chief Andy Serwer, Cathie Wood of Ark Invest, and reporter Jared Blikre.
Winners and losers
Let’s take a look at some of today’s winners and losers. Stocks finishing the week lower include Skechers as the footwear maker forecast weaker-than-expected fourth-quarter revenue, Twilio as the cloud communications firm priced its secondary offering of 7 million shares at $40; and AMD, with shares of the chipmaker getting zapped after its sees fourth quarter revenue declining around 18% sequentially. The soft outlook is overshadowing a better-than-expected Q3.
Congress to review ‘obsolete’ gambling laws
Finally a congressional committee is reviewing federal gambling laws, including a 24-year-old ban on sports betting, with the aim of creating comprehensive legislation that could legalize activities like daily fantasy sports and other types of gaming. For more on this story we are joined by Yahoo Finance’s Dan Roberts.
Yahoo Finance at Yahoo Finance 4 days ago
Stocks (^DJI, ^GSPC, ^IXIC) are rallying at the midday mark, with the energy sector (XLE) taking the lead and consumer staples (XLP) the most in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.
To discuss the other big stories of the day , Alexis Christoforous is joined by Yahoo Finance editor-in-chief Andy Serwer and Mark Martiak, senior wealth strategist at Premier Wealth First Allied Securities.
Seventy of the S&P 500 companies have now reported. Of these, 78% have beaten their earnings-per-share estimates, and 60% have beaten on revenue. Overall, it’s a 4.0% beat for those 70 companies, but after estimates are included for the remaining, expectations are for a decline of -1.0%. That’s according to FactSet.
For decades, economic textbooks have highlighted the golden relationship between productivity and wages. As workers are able to produce more, employees reap the gains in the form of higher wages.
But this is no longer the case.
Wages and productivity climbed in lockstep between 1950 and 1980. However, there is a striking divergence between the 1980s and today.
Even with the unemployment rate near multi-decade lows, Federal Reserve Chair Janet Yellen highlighted concerns about the lack of wage growth and underemployment during her speech at Harvard last month.
“We're close to an unemployment rate that I think most economists would associate with our full employment goal. But the number of individuals working part-time who would like to have full-time jobs is unusually high,” Yellen said. “And we've really not seen much improvement in wage growth, which is suggestive of some slack in the labor market.”
Why are the gains in productivity not going back to employees?
During the Great Recession, nearly 10 million jobs were lost. And, while there have been significant job gains since then, they haven’t been the same type of jobs.
Thinx is revolutionizing the $15 billion feminine hygiene market with its new “period-proof underwear.”
Thinx co-founder and CEO Miki Agrawal told Yahoo Finance’s Alexis Christoforous in the video above that Thinx is “breaking the taboo surrounding menstruation” by disrupting a category that has only had three major innovations in the 20th century.
“This is one of the first few products made by women for women. Most feminine hygiene products were invented by men, like the tampon,” said Agrawal. “This product really considered all the desires and all the needs women need. ”
Agrawal explained that the needs she was referring to were that the products needed to “look and feel like a regular pair of underwear” and “have the appropriate functionality.”
Thinx underwear comes in six styles, from hiphuggers for “heavy days” which according to Thinx is equivalent to two tampons, to the thong, which is for a woman’s “lightest days.”
In terms of what’s next for the company, Agrawal said there’s more planned for Thinx in the future. “We’re scaling new products. We’re disrupting different aspects of the feminine hygiene market.”
Stocks on edge as the 30-year Treasury yield hits a new all time low. Is uncertainty back in play? Catch The Final Round at 4 p.m. with Alexis Christoforous, Yahoo Finance's Jared Blikre and Thomson Reuters correspondent Bobbi Rebell, author of "How to be a Financial Grownup." Plus, investors pile into gold and bonds. Is the risk-off trade making a come back? We speak with Alan Valdes, Director of Floor operations at Silverbear.
Winners and losers
Stocks slipping into the close today include Micron Technology on weak third quarter revenue, Lions Gate after announcing plans to acquire Starz, and Williams Companies— shares of the pipeline company down after half of its board, including the chairman, resigned. This comes a day after rival Energy Transfer Equity walked away from its deal to buy Williams.
Stocks on the move higher today include Harley Davidson on rumors of takeover interest by private equity, Netflix after Canaccord Genuity initiated coverage with a buy recommendation, and Thor Industries— the recreational vehicle maker announced plans to buy RV-products maker Jayco Corp for $576 million.
Looking ahead Here's what will be making headlines next week:
Stocks (^DJI, ^GSPC, ^IXIC) are rallying for the fourth straight day, with the S&P 500 and Dow Industrial paring nearly all of the Brexit losses. Consumer Discretionary (XLY) is leading, with utilities (XLU) in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance's Melody Hahm and Seana Smith.
Silicon Valley isn’t moving fast enough to diversify its workforce. The latest data comes from Google. Back in 2014, the tech giant first disclosed the racial makeup of its staff. Women made up 32% of Google this year, up only 1% from the year before. Blacks, Hispanics, and biracials didn’t move at all. Google blames the lack of diversity on the fact that fewer women and minorities earn computer science degrees compared to white men.
Here are some of the stocks the Yahoo! Finance team is watching for you.
HP Enterprise (HPE) is having a great morning after a California judge awarded the company $3 billion in a lawsuit against Oracle. The case was over HP’s Itanium servers. Oracle said it would appeal the verdict. Shares of HP Enterprise are up 21% so far this year.
At Yahoo’s (YHOO) annual shareholder meeting, CEO Marissa Mayer said Yahoo is “making great progress” on potentially selling part of the company. Yahoo is the parent company of Yahoo Finance. The stock is up almost 20% year to date.
Correction: A previous version of this story incorrectly stated that shares of HPE were down 21% for the year.
Wall Street is trying to build on a three-day climb and close the week in positive territory, erasing almost all Brexit-fueled losses. The Dow has risen by 790 points in the past three trading sessions, marking the biggest 3-day percentage gain since February. And taking a look at oil, crude prices are falling further from $50 per barrel, weighed down by continued uncertainty about the impact of the Brexit demand. US stocks rallied Thursday, closing higher for the third day in a row.
Here are some of the other stories Yahoo Finance is keeping an eye on today.
HP Enterprise (HPE) is having a great morning after a California judge awarded the company $3 billion in a lawsuit against Oracle. The case was over HP’s Itanium servers. Oracle said it would appeal the verdict. Shares of HP Enterprise are down 21% so far this year.
Stocks up three days in a row as the Bank of England becomes the latest to suggest monetary easing is on the way. We break down another big day in the markets. Catch The Final Round with Jen Rogers and markets correspondent Nicole Sinclair.
Winners and losers
Stocks in the red today include Olive Garden parent Darden on a weak 2017 earnings outlook, Intercept Pharmaceuticals as it announced a public offering of $400 million in convertible notes, and Pier 1 Imports — shares of the furnishings and decor retailer are slumping after quarterly earnings swung to a loss, and warned that another loss in the current quarter may be likely. On the flipside, stocks pulling higher today include movie channel operator Starz on its buyout from Lionsgate, on-demand babysitting service Care.com jumping as Google Capital revealed a big stake in the company, and MobilEye — Reuters reports the vision-based technology provider has an alliance with BMW and Intel to create driverless cars. The three companies are holding a press conference tomorrow.
Deutsche Bank's Torsten Slok
What's next for the US economy, and the big economies around the globe? Deutsche Bank's Torsten Slok has the forecast.
Stocks (^DJI, ^GSPC, ^IXIC) are modestly green and poised to post gains for the third straight day. Consumer staples (XLP) are leading, with consumer discretionary (XLY) and health care (XLV) taking the rear, but still in the green. Stephen Guilfoyle, managing director of floor operations for Deep Value Execution Services, joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance's Rick Newman and Justine Underhill.
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Hertz partnering with Lyft, Uber to supply cars