Latest in More companies than usual are downbeat on the end of the year — but Wall Street’s profit estimates are still strong
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More companies than usual are downbeat on the end of the year — but Wall Street’s profit estimates are still strong
As Wall Street’s attention turns to the final three months of the year, more companies are downbeat, even as analysts remain upbeat about profit growth.Business - MarketWatch - 3 days ago -
Wall Street is entering its best 6 months of the year. Why the stock-market rally has more room to run.
The U.S. stock market is about to enter historically its best six months of the year, after defying the popular Wall Street adage to “sell in May and go away” with strong gains.Business - MarketWatch - October 30 -
Tesla Surprises Wall Street With Strong Third-Quarter Results
The robust performance comes after a tumultuous start to the year in which Tesla’s profit fell for two straight quarters.Business - The Wall Street Journal - October 24 -
Amazon beats Wall Street expectations with strong cloud business growth
Shares rise as company reports quarterly revenue of $158.9bn – more than analysts had forecast. Amazon became the latest of the “magnificent seven” tech giants to report quarterly earnings on ...World - The Guardian - October 31 -
Wall Street Rallies on Election Day Indicating Strong Economy
Despite election results remaining up in the air, the market has shown serious resilience.Business - Inc. - November 5 -
Toast’s stock soars after company swings to profit and revenue beats estimates
Toast Inc.’s stock soared in after-hours trade Thursday, after the digital-payment platform for restaurants posted better-than-expected revenue for the third quarter, offsetting a profit miss.Business - MarketWatch - 6 days ago -
Netflix adds 5 million subscribers and beats Wall Street's profit expectations
Netflix reports strong third-quarter earnings, in a sign that its content mix, including "Emily in Paris," and its password-sharing crackdown are still paying off.Entertainment - Los Angeles Times - October 17 -
Tesla shares leap 22% after Musk predicts sales rebound
EV maker adds more than $150bn in market value after billionaire says sales may increase as much as 30% next yearBusiness - Financial Times - October 24 -
Robinhood earnings disappoint Wall Street despite company’s upward trajectory
The online brokerage’s third-quarter earnings missed analyst forecasts for both revenue and earnings per share.Business - MarketWatch - October 31 -
How This PE-Backed Company Grew EBITDA by More Than 10X in 5 Years
VSS Capital Partners helped GreenSlate become the go-to payroll software provider for film and TV productions.Business - Inc. - October 28 -
International experts say Gaza is still at risk of famine after more than a year of war
International experts say Gaza is still at risk of famine after more than a year of warWorld - ABC News - October 17 -
America’s economy looks strong. So why is Wall Street worrying about renters and younger borrowers?
It isn’t only subprime — renters and younger borrowers are weaker spots in an otherwise solid backdrop for consumer debt.Business - MarketWatch - October 21 -
Wall Street slumps as rates climb, and more negativity on the iPhone 16 emerges
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.Business - CNBC - October 23 -
Vivian Tu, the ‘Wall Street Girly,’ Wants to Make Wealth More Accessible
Vivian Tu is one of a new wave of female influencers who are using TikTok and Instagram to spread the message of personal finance to millennials and Generation Z.Business - The New York Times - 4 days ago -
Southwest Airlines profit tops estimates, company expects higher revenue in fourth quarter
Southwest said travel demand remains healthy and it expects unit revenue for the fourth quarter to grow 3.5% to 5.5%.Business - CNBC - October 24 -
AMD could still be a sleeper against Nvidia, but Wall Street isn’t yet convinced
Advanced Micro Devices Inc. executives made some bold statements about the company’s underdog AI accelerator chip Tuesday, and said it is ready to take the spoils from rival Nvidia Corp.Business - MarketWatch - October 30 -
The Fed is draining liquidity from markets for longer than expected. Here’s why it’s making Wall Street nervous.
Wall Street is getting anxious about the plumbing in the financial markets as the Fed’s balance sheet shrinks.Business - MarketWatch - 6 days ago -
Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's third-quarter expectations
Ford guides to low end of 2024 earnings forecast as it slightly tops Wall Street's Q3 expectationsBusiness - CNBC - October 29 -
Jane Street interns make more than Keir Starmer and Jay Powell
More Money Than God 2.0Business - Financial Times - October 15 -
Truck maker Volvo's Q3 adjusted profit falls more than expected
Adjusted operating profit was 14.1 billion crowns ($1.34 billion against a year-earlier 19.3 billion and a mean forecast in an LSEG poll of analysts of 15.6 billion, on a sales drop of 12%. Volvo ...Sports - Yahoo Sports - October 18 -
Wendy's to close 140 more restaurants by end of year
Wendy's plans to close 140 U.S. restaurants before the end of this year on top of the 100 it said it would close in May.Top stories - CBS News - November 1 -
Rivian has Wall Street turning more cautious after mixed financial snapshot
A mixed quarter for the EV maker translated into more caution on Wall Street, which also mulled over the implications of the future Trump administration.Business - MarketWatch - 5 days ago -
Some Wall Street bankers to get fatter bonuses for the first time in three years: study
Investment bankers in debt underwriting may see bonuses jump by as much as 35%.Business - MarketWatch - Yesterday -
JetBlue’s stock tumbles as downbeat revenue outlook raises risk of more losses
JetBlue’s stock sinks after Q3 results beat expectations but the Q4 revenue outlook disappointed.Business - MarketWatch - October 29 -
30-year Treasury yield ends at highest since July after retail-sales, jobless data point to strong economy
U.S. government debt sold off on Thursday, sending Treasury yields up from their lowest levels in almost two weeks, after data on retail sales and jobless claims pointed to ongoing strength in the ...Business - MarketWatch - October 17 -
10-year Treasury yield ends lower after strong auction as investors await election results
Long-dated Treasury yields erased their rise to end lower Tuesday following an auction of 10-year notes that met solid demand as investors awaited the outcome of the U.S. presidential election.Business - MarketWatch - November 5 -
A couple's lost wedding film is returned after more than 50 years
Bill and Aileen Turnbull had only seen their 1967 wedding film once before it was lost. This year, a man in Scotland found the footage and sent them a link to watch it again—over half a century later.Top stories - CBS News - October 17 -
Girl Scouts membership to more than double in cost over two years
Girl Scouts USA says charging steeper annual dues will avoid it having to slash programs and services.Top stories - CBS News - October 21 -
The average person will spend more than $100 on Halloween this year
This year, the average person will spend more than $100 on Halloween, with some decorating as early as June. Halloween is no longer one day of candy and costumes for kids.Top stories - CBS News - October 26 -
Red Dead Redemption Is Finally On PC, More Than 14 Years Later
PC gamers have waited more than 14 years for Red Dead Redemption to make its way to that platform , but at long last, they can saddle up for the classic open-world cowboy adventure. Now available, ...Tech - GameSpot - October 29 -
Ozempic and Wegovy considered 'available' after more than 2 years in shortage
The diabetes and weight loss medications Ozempic and Wegovy are now considered to be available after more than two years of being considered in shortage by the Food and Drug Administration (FDA). ...Politics - The Hill - October 30 -
UK borrowing costs hit post-election high on eve of Reeves’ first Budget
Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990sBusiness - Financial Times - October 30 -
Pfizer’s earnings crush estimates as company raises guidance
Drug company Pfizer saw strong growth for its heart-disease drugs and migraine treatment.Business - MarketWatch - October 29 -
Comcast tops earnings estimates as Olympics propel the company
Comcast beat third-quarter earnings estimates as the Summer Olympics in Paris boosted NBCUniversal’s revenue and Peacock’s subscriber count.Business - CNBC - October 31 -
Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected
Peloton's cash flows are improving, but it's expecting to sell fewer bikes and treadmills during its holiday quarter than Wall Street expected.Business - CNBC - October 31