Yahoo Finance Adidas Stock Is Rising. Strong Earnings Show Company Has ‘Turned the Corner.’
Athletic-apparel firm Adidas beat first-quarter estimates for revenue and operating profit, and raised estimates.
Athletic-apparel firm Adidas beat first-quarter estimates for revenue and operating profit, and raised estimates.
The worker felt compelled to publish the memo because 'we all felt ripped off'.
Interest rate hikes would have very little if any, impact on the price of tobacco, petrol, food, alcohol or child care. So why are they deemed the answer?
The former U.S. president and Republican presidential candidate secured 36 million shares of Trump Media & Technology Group (TMTG), increasing his stake from 57.6% as of March. Reuters reported last week that Trump would secure a stock bonus worth $1.3 billion from TMTG, equivalent to about half the majority stake he already owns in it, thanks to the wild rally in its shares. The bonus also reflects the exuberant trading in TMTG's shares, which have been on a roller coaster ride since the company listed on Nasdaq last month through a merger with a special purpose acquisition company (SPAC) and was snapped up by Trump supporters and speculators.
(Reuters) -Australian retailer Woolworths said on Wednesday that it would sell a 5% stake worth A$468 million ($302.84 million) in Endeavour Group, almost three years after spinning out the liquor store and pub operator. The sale will happen via a block trade at a price of A$5.22 per share, Australia's largest supermarket operator said, adding that it would now own about 4.1% of Endeavour, which it spun out as a separate company in 2021. Shares of Woolworths slipped 0.4%, while those of Endeavour were down 5% in early trade.
(Bloomberg) -- Tesla Inc. gave back some of its $82 billion gain in market value as several analysts questioned just how meaningful it is that Chief Executive Officer Elon Musk secured tacit approval to offer driver-assistance features in China.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving S
(Bloomberg) -- Bitcoin registered its worst month since the collapse of Sam Bankman-Fried’s FTX empire as the euphoria around US exchange-traded funds for the largest digital asset subsides. Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly,
(Bloomberg) -- The stock market sank in the final stretch of April and bond yields climbed on concern that stubborn inflation will force the Federal Reserve to keep interest rates higher for longer.Most Read from BloombergTesla Axes Most of Supercharger Team in Blow to Other AutomakersHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysPot Stocks Surge on Report
BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African subsidiaries. The world's No. 1 miner is weighing up its next move after its initial $39 billion takeover proposal for smaller rival Anglo was rejected last week. BHP has proposed that Anglo sell its shares in units Anglo Platinum (Amplats) and Kumba Iron Ore as an option to exit the South African assets it doesn't want included in the deal.
(Bloomberg) -- The cocoa market was whipsawed by extreme volatility in the futures market on Tuesday amid a lack of liquidity.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsBinance and CZ’s Fortunes Are Set to Grow, Even in JailWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTesla Soars on Tentative China Approval for Driving SystemPot Stocks Surge on Report DEA Set to Reclassify MarijuanaAfter more than doubling this year, futures traded in Ne
The Commonwealth Bank was the only of the big four still forecasting a cut in September, but now borrowers are being warned to 'plan for a hike'.
The company's shares will be delisted from Euronext Paris on May 28 and the SIX Swiss Exchange before the end of 2024, after which it will only trade on the New York Stock Exchange, its primary listing. Significantly low trading volumes, costs and administrative requirements related to the listing of the stock on European exchanges were some of reasons that were considered for the delisting, it said. Caterpillar on Thursday warned of a sales drop in the current quarter as volumes take a hit from dealers tightening equipment inventories, sparking worries that a months-long boom in machinery demand may be coming to an end.
Apple (AAPL) has faced several challenges recently, including a loss of market share to Huawei in China. According to data from Counterpoint Research, iPhone sales fell over 19% within the first 3 months of 2024. Tesla CEO Elon Musk (TSLA) recently wrapped up a trip to China, where he secured tentative approval from Chinese officials to roll out the company's self-driving software in the country — a boon for Tesla as it struggles with increased competition in the Chinese EV market. Yahoo Finance Anchor Akiko Fujita joins Catalysts to break down how China is directly impacting both of these tech giants, which have faced mounting challenges in the region. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
McDonald's (MCD) first-quarter earnings report showcased a combo meal of international headwinds, including global sales growth slowing behind figures from this time last year and boycotts related to the ongoing Israel-Palestine conflict. Additionally, inflation and rising menu prices are taking a toll on lower-income consumers. On the fast-food chain's earnings call, McDonald's CEO Chris Kempczinski stated that "consumers continue to be even more discriminating with every dollar that they spend as they face elevated prices in their day-to-day spending." Placer.ai Head of Analytical Research R.J. Hottovy sits down with Catalysts to discuss whether McDonald's item prices are beginning to price out certain consumer demographics. Placer.ai data found McDonald's to maintain higher monthly foot traffic growth over the past year than its competition. "Right now consumers are really focused on value, and not just discounts. I think that low price point is something that they're certainly focused in on," Hottovy says. "We've seen groups that really market around a low price point, generally a higher visitation trade. And so I think that's what McDonald's may be pivoting to in the future. There's a lot of discussion about future value plans in the US and abroad in the earnings call today. I think that's really going to be a key message..." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
When it comes to explaining the power of stock market investing, one example that frequently makes the rounds is how rich you would be now if you had invested in Microsoft when the software company...
Swedish electric-vehicle maker Polestar Automotive will delay the publication of its fourth-quarter and full-year 2023 financial results for a second time, a spokesperson for the company said on Tuesday. Polestar did not provide a date for the release but said it still intends to publish first-quarter financial results on May 23. Polestar also requires more time to complete work related to the internal control of its financial reporting as per the Sarbanes-Oxley Act of 2002, the spokesperson said.
(Bloomberg) -- Gold held its hefty decline in the previous session, as hot US economic data further dented hopes the Federal Reserve will rapidly pivot to monetary easing.Most Read from BloombergTesla Axes Most of Supercharger Team in Blow to Other AutomakersHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsWall Street Hit by Fed Jitters to Close Wild April: Markets WrapTraders Expect Biggest Fed-Day Move in S&P Since 2023, Citi SaysPot Stocks Surge on Report DEA Set to Reclassify Marij
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won't be renewed because their insurance company has deemed the risk too high. Insurance providers, state regulators and researchers are grappling with how to keep the insurance companies in business while keeping residents and their properties insured and protected. “I think most of the insurers, you know, I’m very grateful that they’re committed to the Hawaii market, so we haven’t seen wholesale withdrawals,” after the Aug. 8, 2023 fire burned through Lahaina and killed 101 people, Hawaii Insurance Commissioner Gordon Ito said during a Wildfire Risk Forum for insurance commissioners held at the National Interagency Fire Center in Boise, Idaho.
Monday marks the start of a busy week for Wall Street, with a slew of data releases set to shape market dynamics. Big Tech earnings, the highly anticipated Federal Open Market Committee (FOMC) meeting, and the closely watched jobs report are all scheduled to unfold. Wells Fargo Senior Global Market Strategist Scott Wren joins The Morning Brief to provide insights into how these developments might impact markets and the Federal Reserve's rate cut outlook. With the FOMC meeting and decision announcement slated for Wednesday, Wren believes "we're not going to see any surprises," predicting that the higher-for-longer interest rate environment will likely persist. He believes that two rate cuts could materialize in 2024, starting in September. The next most likely scenario is "fewer cuts, not more," Wren says. As the Big Tech earnings season continues to unfold this week, Wren believes the tech and communications services sectors are "overvalued." However, he acknowledges that with industry heavyweights like Microsoft (MSFT) driving market rallies post-earnings, "clearly the market is going to hang on results" for a few days. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Angel Smith
Chipmaker Onsemi beat Wall Street expectations for quarterly revenue and profit on Monday and reported a stable gross margin due to lowered costs, in the face of weakening electric vehicle sales. "The structural changes we have made to the business over the last three years have enabled us to sustain our gross margin despite challenging market conditions," said CEO Hassane El-Khoury. However, the company forecast second-quarter revenue and profit below analysts' estimates, fanning concerns of a delay in the recovery of automotive chip demand as a softening EV market and excess inventory at customers are expected to hit orders for Onsemi's chips.
Stock pickers are generally looking for stocks that will outperform the broader market. And the truth is, you can make...