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Goldman Sachs cuts European growth and earnings forecasts as Trump tariffs loom
The Trump regime will hit European economic growth and reduce company earnings, though the continent’s defense sector may prosper.Business - MarketWatch - November 8 -
Early exit poll results show what issues are driving voters to polls
Early exit polls found Democrats' top concern was the state of democracy and Republicans' key issue was the economy. CBS News 24/7 anchor Vladimir Duthiers analyzes the top issues on voters' minds.Top stories - CBS News - November 5 -
Markets are increasingly reflecting U.S. outperformance — but now there’s a jinx
Markets are increasingly pricing in a scenario of U.S. exceptionalism.Business - MarketWatch - October 21 -
Deadly Spanish floods drive home threat of Mediterranean ‘petrol can’
Torrential rains were driven in part by dangerous rise in sea temperaturesBusiness - Financial Times - November 1 -
Companies’ earnings reports increase volatility of US stocks
Share prices swing as high valuations and uncertain outlook put investors on edgeWorld - Financial Times - October 26 -
McDonald's reverses U.S. same-store sales declines in the third quarter, but E. coli fallout looms
Shares of McDonald's have fallen 6% since its Quarter Pounder burgers were linked to a deadly E. coli outbreak.Business - CNBC - October 29 -
Alphabet shares rise on earnings beats boosted by cloud revenue
Google parent Alphabet reported third-quarter earnings that beat on top and bottom lines.Business - CNBC - October 30 -
McDonald's surpasses earnings expectations in Q3 report
Fast food giant McDonald's reported its third quarter results Tuesday morning with revenue beating Wall Street's expectations at around $6.9 billion. CBS MoneyWatch correspondent Kelly O'Grady has ...Top stories - CBS News - October 29 -
Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter
Investors are expecting that Niccol will share more details about his turnaround strategy during the company's conference call, scheduled for 5 p.m. ET.Business - CNBC - October 30 -
After Intel’s messy earnings report, this much is clear
Intel CEO Pat Gelsinger seems to have the board’s backing for his plan to run Intel’s foundry and design businesses combined, analyst says, despite reports of potential merger interest or a split.Business - MarketWatch - November 1 -
Block reports revenue miss but a slight beat on earnings
Shares of Square parent Block tumbled in extended trading on Thursday after the company reported disappointing revenue for the third quarter.Business - CNBC - November 8 -
Disney’s Earnings Report Paints a Rosy Picture for the Future
The company, which does not typically release guidance to investors, said that profit would jump over the next three years.Business - The New York Times - 4 days ago -
Tesla’s stock jumps on report Trump team to create rules for self-driving cars
Tesla stock rocketed on Monday on a report President-elect Donald Trump’s team will make rules for self-driving cars a priority.Business - MarketWatch - Yesterday -
New GDP numbers show 2.8% growth in 3rd quarter
The new GDP report released Wednesday shows the U.S. economy grew at a 2.8% annual pace in the third quarter. Jared Bernstein, chair of the Council of Economic Advisers, joined CBS News to discuss ...Top stories - CBS News - October 30 -
How gaming can get back to balanced growth | The DeanBeat
This week, we had 42 sessions and 97 speakers at our GamesBeat Next 2024 event. Thank you all for coming and listening.Tech - VentureBeat - November 1 -
Analysts tout an 'underappreciated growth driver' at Microsoft that can benefit from AI
RBC analysts cheered Microsoft stock on Tuesday. But, this time it's for more than just the company's cloud computing business and AI ambitions.Business - CNBC - November 5 -
FirstFT: Harris calls on America to ‘turn the page’ on Trump
Also in today’s newsletter, Ukraine and Russia hold secret talks, while Alphabet and Reddit shares rise after resultsWorld - Financial Times - October 30 -
Tencent posts better-than-expected 47% profit surge as games, AI tools shine
Chinese gaming and social media giant Tencent on Wednesday reported profit above analysts' expectations, while revenue missed slightly.Business - CNBC - 6 days ago -
TSMC denies U.S. is probing the company after report suggests blacklisted Huawei is using its chips
TSMC has denied a report that the U.S. is investigating its dealings with Huawei, following news that one of its chips has been found in a Huawei product.Business - CNBC - October 23 -
Texas Instruments earnings show some improvements, despite weak industrial sales
Texas Instruments grew overall revenue on a sequential basis, though industrial sales still dropped sequentially.Business - MarketWatch - October 23 -
Microsoft Earnings Show Quarterly Revenue Is Up 16% to $65.6 Billion
The company’s profit increased 11 percent to $24.7 billion, beating Wall Street’s expectations and its own predictions.Tech - The New York Times - October 30 -
Meta Earnings Show Revenue Increase, Even as Spending Spree Continues
The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, said it does not plan to slow down its investments anytime soon.Business - The New York Times - October 31 -
Pinterest’s stock tumbles as earnings show slim revenue beat
Pinterest Inc.’s stock tumbled in after-hours trading Thursday after the company, which operates a platform for photo and video sharing, posted third-quarter earnings showing a slim revenue beat.Business - MarketWatch - November 8 -
Report shows steady increase in abortions in states with bans
Since the end of Roe v. Wade in 2022, the number of women receiving abortions has increased steadily and consistently in nearly every state that has banned it, according to a new comprehensive ...Politics - The Hill - October 22 -
Inflation ticks up slightly in October, report shows
A new report shows a slight increase in inflation for the month of October, up to 2.6% compared to 2.4% in September. NBC’s Christine Romans reports for TODAY on what it signals about the economy.Top stories - NBC News - 6 days ago -
Affirm sees booming buy-now-pay-later growth, but stock dips after earnings
The company is seeing more of its business shift toward interest-bearing products.Business - MarketWatch - November 8 -
Alphabet’s stock has stalled. Can earnings serve as a catalyst?
Alphabet will report results on Tuesday afternoon.Business - MarketWatch - October 28 -
Disney earnings offer hope that streaming can successfully supplant linear TV
Disney projects entertainment direct-to-consumer operating income will increase by about $875 million next year over fiscal year 2024.Business - CNBC - 4 days ago -
How Trump Can Earn a Place in History That He Did Not Expect
The president-elect has a starting point: the plan for a two-state solution that he put out in January 2020.Top stories - The New York Times - 56 minutes ago -
Tesla reports earnings this week. The focus could shift ‘back to fundamentals.’
When Tesla Inc. reports third-quarter earnings on Wednesday, the results, for Wall Street, could be about getting back to basics, after some investors soured on a robotics event this month that was ...Business - MarketWatch - October 21 -
Coca-Cola tops earnings estimates, as higher prices offset sluggish demand
Shares of Coke have climbed 18% this year, raising the company's market value to nearly $300 billion.Business - CNBC - October 23 -
Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.Business - CNBC - October 24 -
Tesla’s Shares Surge 20% After Strong Earnings and Outlook
The company said profits climbed 17 percent in the third quarter. It expects car sales to rise up to 30 percent next year when it plans to begin selling new models.Business - The New York Times - October 24 -
Reeves confirms change to UK fiscal rules to help fund £20bn of annual investment
Chancellor promises in FT to avoid ‘falls in public sector investment’ planned by ToriesBusiness - Financial Times - October 24 -
Growth hit by freeze on tax thresholds, says BoE official
‘Tax-bracket creep’ has hit middle earners hardest, warns Catherine Mann ahead of a likely Budget extensionBusiness - Financial Times - October 24