SIR – No one who has worked in the NHS will be surprised at General Sir Gordon Messenger’s remarks on how it has drifted into its present lamentable situation (report, February 6).
Google debuted a number of new AI-powered search features at an event on Wednesday, as it fights off a new advance by Microsoft into the search market.
Intel (NASDAQ: INTC) might have just had one of the worst years in the history of blue chip stocks. During the year it lost $9.4 billion in free cash flow and the stock price fell nearly 50%. An inventory glut in the semiconductor industry, especially in PC chips, hammered peers like Advanced Micro Devices and Micron Technology as well, and a decline in PC demand is also weighing on performance.
Shares of luxury fashion company Capri Holdings (NYSE: CPRI) dropped like a rock on Wednesday after the company delivered quarterly results and financial guidance that fell short of Wall Street's expectations. As of 10:30 a.m. ET, Capri Holdings stock was down by a whopping 25%, pushing it below where it was trading exactly 10 years ago. Wall Street's reaction to Capri Holdings' results for its fiscal 2023 third quarter looks a little extreme when considering its top-line figure.
What happened After selling off 11% on Tuesday, shares of artificial intelligence stock C3.ai (NYSE: AI) roared back this morning, gaining 8.9% through 10:30 a.m. ET. It wasn't anything that C3.ai said or did, however, that sparked this rally.
Shares of Teva Pharmaceutical Industries (NYSE: TEVA) were sliding 5.4% lower as of 11:47 a.m. ET on Wednesday. The decline came after the drugmaker announced its 2022 full-year and fourth-quarter results. Teva reported fourth-quarter revenue of $3.88 billion, down 5% year over year.
Tesla is sending out invites to its highly anticipated Investor Day on March 1st, but CEO Elon Musk says there will be more to come — his Master Plan part 3.
Traders took heart that Fed Chair Jerome Powell, when he wasn’t being questioned by David Rubinstein on how he gets by on $190,000 per year, didn’t commit on Tuesday to having to be even more aggressive on interest rates given the huge 517,000 surge in nonfarm payrolls. Powell said rates would have to go even higher than the market currently expects “if we continue to get” strong labor market or higher inflation reports. Economists at Morgan Stanley point out that the January number reflects three factors it believes to be temporary: unusually warm weather, the resolution of California higher-education strikes and a very strong seasonal adjustment boost.
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. This tax has set off alarm bells in some corners of Wall Street, on the theory that buybacks were one of the biggest props supporting the past decade’s bull market — and anything weakening that prop could lead to much lower prices. One reason is that the new excise tax — whether 1% or 4% — is applied to net buybacks — repurchases in excess of how many shares the corporation may have issued.
Lumen's (LUMN) Q4 performance was affected by decline in revenues across all segments.
C3.ai (NYSE: AI) and Palantir (NYSE: PLTR) represent two different plays on the secular growth of the enterprise AI software market. C3 develops AI algorithms that can be integrated into an organization's existing software to automate tasks, improve employee safety, cut costs, and detect fraud. Palantir's platform accumulates large amounts of information from disparate sources to help organizations make better data-driven decisions.
Yahoo Finance Live’s Brian Sozzi breaks down the stat of the day.
The telecommunications company pressed the reset button and disappointed Wall Street with its outlook in a Tuesday afternoon report
Yahoo Finance Live anchors discuss fourth-quarter earnings for CVS.
V.F., an S&P 500 Dividend Aristocrat, raised its payout for at least 25 straight years before cutting. Here's how to select dividend stocks for safety.
Yahoo Finance Live’s Brian Sozzi breaks down a Citi’s decision to cut its revenue forecast for PayPal.
Shares of Compass Minerals International (NYSE: CMP) had tumbled nearly 13% at 10:30 a.m. ET on Wednesday. Compass Minerals International got "off to a mixed start" in its fiscal year, according to comments by CEO Kevin Crutchfield in the earnings press release. While results improved in its salt division, weak demand in its plant nutrition segment and cost pressures hurt its financial results.
Paycom's (PAYC) Q4 results reflect the benefits of strong demand, new business wins and the adoption of recent new product offerings.
Yahoo Finance Live anchors discuss the expectations for Disney earnings following the return of CEO Bob Iger.
Up by a whopping 82% year to date, Tesla (NASDAQ: TSLA) stock is rapidly bouncing back after its poor showing in 2022. Let's explore some reasons why Tesla's shares could be a no-brainer buy. Despite its significant 2023 rally, Tesla's stock is still down 52% from its all-time high of roughly $410 reached in November 2021.