Latest in Forecast Storm
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Reddit shares soar 22% on earnings beat and better-than-expected forecast
Reddit reported third-quarter results that exceeded analysts' estimates and gave a forecast for the current period that was well ahead of estimates.Business - CNBC - October 29 -
UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections
The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit SuisseBusiness - MarketWatch - October 30 -
What's the home equity loan interest rate forecast for November 2024?
Home equity loan interest rates could fall, but they might not be worth waiting for. Here's everything to know.Top stories - CBS News - October 30 -
Budget boost to UK economy forecast to fade after two years
The government's official forecaster raises its prediction for UK growth in 2024 and 2025 but reduces it for later years.Top stories - BBC News - October 30 -
October jobs forecast shaved to 110,000 after Boeing strike and hurricanes
The final U.S. jobs report before the presidential election is expected to be a crummy one, but it’s not Washington’s doing. Instead, a major strike at Boeing and a pair of deadly hurricanes would ...Business - MarketWatch - October 31 -
Meta sees AI spending accelerating as earnings top forecasts
Mark Zuckerberg cites the potential for ‘strong’ returns in coming years on heavy investments in new technologyBusiness - Financial Times - October 31 -
Microsoft Shares Slip as Forecast Sparks Concern About AI and Cloud Revenue
The company’s projection points to less growth than anticipated, causing concern about the payoff for its massive AI investment.Business - The Wall Street Journal - October 31 -
Microsoft's stock has worst day in two years after disappointing forecast
Microsoft's stock fell more than 6% on Thursday after guidance fell short of analysts' estimates.Business - CNBC - October 31 -
Forecasters scare up record-high temperatures for Halloween in the Northeast
As record-breaking high temperatures were expected Wednesday, snow blanketed the mountaintops of Hawaii and residents of the Great Plains were bracing for tornadoes.Top stories - ABC News - October 31 -
AI demand drives growth and higher spending at Amazon’s cloud business
Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarterBusiness - Financial Times - October 31 -
Universal Music Revenue Beats Forecasts Amid Subscriptions Boost
Universal Music Group posted higher revenue after growth from subscriptions and streaming services exceeded analysts’ expectations.Business - The Wall Street Journal - October 31 -
Apple cautious on holiday outlook as it starts AI rollout
Shares fall despite solid earnings as analysts weigh impact of new ‘Apple Intelligence’ featuresBusiness - Financial Times - November 1 -
Amazon crushed it in e-commerce and cloud, forecast an impressive holiday quarter
We're reiterating our 1 rating and raising our price target to $240 price target from $220.Business - CNBC - November 1 -
Spain floods disaster: death toll rises to 205 as extra troops mobilised
Weather agency says four regions remain on amber alert because of risk of rain and storms. The death toll from the floods in Spain this week has risen to 205, as residents in the Valencia region ...World - The Guardian - November 1 -
Marqeta shares plunge more than 30% on big forecast miss
Marqeta shares plummeted after the company's forecast for the fourth quarter fell shy of analysts' expectations.Business - CNBC - November 4 -
Nintendo profit plunges 69% as it cuts forecast for sales of ageing Switch console
Investors are waiting for news surrounding a successor to the Switch which they hope will re-energize Nintendo's gaming business.Business - CNBC - November 5 -
Nintendo Cuts Switch Sales Forecasts After Weak Results
The Japanese videogame maker cut its annual forecasts for Switch console and software sales after disappointing first-half results.Business - The Wall Street Journal - November 5 -
Nintendo cuts profit guidance on reduced Switch sales forecast
Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.Business - MarketWatch - November 5 -
Harris takes razor-thin lead in final Nate Silver forecast
Vice President Harris took a razor-thin lead against former President Trump in Nate Silver's final forecast of the 2024 election, with the veteran pollster saying the race is "literally closer than ...Politics - The Hill - November 5 -
Toyota Motor Cuts Sales Forecast After Quarterly Profit Halves
The Japanese auto giant cut its annual forecast for group vehicle sales after its second-quarter profit more than halved due partly to weaker sales globally.Business - The Wall Street Journal - November 6 -
Ozempic maker Novo Nordisk nudges higher profit forecast
Novo Nordisk on Wednesday nudged higher its outlook for the year as the drugmaker registered another quarter of strong sales of its weight-loss drugs.Business - MarketWatch - November 6 -
Qualcomm’s rosy forecast sends stock surging, and more buybacks may be on deck
Qualcomm is upping its buyback program by $15 billion after repurchasing more than $4 billion in stock last fiscal year.Business - MarketWatch - November 7