PayPal (NASDAQ: PYPL) recently warned of some short-term headwinds to the business, but it could be providing a great opportunity for long-term investors. Shares plummeted after PayPal released its first-quarter earnings report and revised its 2023 full-year operating margin guidance. Management now expects adjusted operating margin to expand 100 basis points versus prior guidance of 125 basis points.
Seth Lugo pitched seven scoreless innings and the Kansas City Royals won their fourth straight game, beating the Detroit Tigers 8-0 on Friday. Lugo (4-1) allowed three singles and matched a career high with nine strikeouts in a game played at 1:10 pm due to the NFL draft festivities in downtown Detroit on Friday evening. Tigers starter Reese Olson (0-4) allowed one run on three hits and three walks in seven innings, striking out eight.
U.S. first-quarter estimated earnings growth is looking stronger at nearly the halfway mark of the reporting period, with corporate results giving a boost to stocks this week after recent weakness. S&P 500 year-over-year earnings growth for the first quarter of 2024 is now seen at 5.6%, according to LSEG data on Friday. The latest estimate is based on results from 229 of the S&P 500 companies and forecasts for the rest, with about 78% of reports beating analysts' earnings expectations.
A bill that sought to ban the use of confidentiality agreements when negotiating potential laws in California has failed to pass a state legislative committee. The proposal by Republican Assemblymember Vince Fong failed to get enough votes to pass out of the Assembly Elections Committee on Thursday. The legislation was inspired by last year's negotiations over a bill that mandated a $20 minimum wage for fast-food workers.
The yen (JPY=X) has hit a more than 30-year low against the US dollar. It comes after the Bank of Japan left room to raise rates following its latest policy meeting. Yahoo Finance's Jared Blikre and Julie Hyman break down the currency movements. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
Restaurant leader First Watch is nearing a buy point in today's stock market, looking to retake a key chart level.
Quarterback J.J. McCarthy shares his excitement joining Minnesota Vikings squad.
Florida center Micah Handlogten, who gruesomely broke his left leg in the Southeastern Conference championship game last month, is planning to take a medical redshirt next season and work toward returning to the court and becoming “an absolute monster” in the fall of 2025. Coach Todd Golden said the decision, which he and Handlogten made during a recent conversation, gives the 7-foot-1 sophomore time to make a full recovery.
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to watch in today's stock market.
"does anyone else have a pet that nags them to go to sleep? like, do you have work tomorrow or something lil bro??"
Washington Commanders quarterback Jayden Daniels shares his impressions of Commanders.
Cary, NC, April 26, 2024 (GLOBE NEWSWIRE) -- Cisco dropped a buzzworthy release this week - HyperShield, the first “AI Native” Security Infrastructure. Cisco’s Executive Vice President and General Manager of Security and Collaboration, Jeetu Patel, calls it “the most radically different security innovation I’ve ever been a part of in my career.” HyperShield won’t be released until August but implications are already swirling over its game-changing impact on technology. INE Security, a leading ne
President Biden’s reelection campaign invoked megastar Taylor Swift to knock former President Trump on Friday, saying he had a tortured week. The campaign used lyrics from her new album, “The Tortured Poets Department,” to set a split screen between the president’s and Trump’s week. “Another tortured week for the smallest man who ever lived, Donald…
Exxon Mobil and Chevron reported first-quarter earnings and revenue declines early Friday as lower refining margins and natural gas prices took a toll on the energy giants. Meanwhile, the two U.S. supermajors continue to squabble over Chevron's attempt to move into oil-rich Guyana. XOM stock fell Friday while Chevron stock shook off early losses and advanced.
The dollar surged to a fresh 34-year high against the yen on Friday, bolstered in part by U.S. inflation data that showed no signs of easing, coming in line with forecasts and affirming expectations that the Federal Reserve will likely delay cutting interest rates to later this year. The dollar's peak against the yen came after the Bank of Japan kept interest rates steady at its end of its two-day policy meeting, although it flagged future rate hikes.
The Royals' reliever was diagnosed with melanoma during spring training.
Mexican state oil company Pemex is reversing crude exports cuts of at least 330,000 barrels per day (bpd) planned for May amid a smaller-than-expected oil demand by the company's domestic refineries, two sources close to the decision said on Friday. Pemex's international trading unit in April began enforcing exports cuts over supply crude contracts to customers in the United States, Asia and Europe to increase its availability of crude for domestic refining, especially in preparation of its Dos Bocas refinery startup. But planned maintenance at some refineries and a slower-than-expected startup at Dos Bocas will reduce the need for domestic crude in May, the two sources and an additional person with knowledge of the company's operations said.
A Cumbrian MP's office is plastered in posters by Just Stop Oil protesters, leading to arrests.
The disease has been detected in dozens of herds in eight states
The legendary group of supermodels looked runway-ready to discuss the new documentary about their careers
The disgraced former NFL star previously revealed he had been diagnosed with an unspecified form of cancer last year
Yahoo Finance