Yahoo Finance A Look Back at Volatile Market Periods
These charts reveal the importance of looking at the bigger picture when studying the stock market and investing during low points.
These charts reveal the importance of looking at the bigger picture when studying the stock market and investing during low points.
The company also cut its annual capital expenditure forecast by $550 million to $1.2 billion, as it moved the start of production of its R2 midsize SUV to its Normal, Illinois plant. Analysts were expecting capital spending of $1.59 billion. In March, Rivian, known for its larger R1S SUVs and R1T pickup trucks, said it would start producing the more affordable R2 vehicles at its existing Illinois factory to speed up deliveries in the first half of 2026 instead of a proposed plant in Georgia.
General Electric officially split into GE Aerospace and GE Vernova in April. GE Aerospace now trades at its best level since the 2008 meltdown.
Shares of the social media platform were up 17% in extended trading. The results follow strong earnings from rivals including Snap and fan optimism that marketers are ramping up spending this year, after an ad market slump in 2023 caused by sticky inflation and an uncertain economic outlook. Reddit is also trying to diversify revenue by licensing its user-generated content for the training of data-hungry AI models.
Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as users are likely to dial back spending on dating apps. Match Group - which offers dating apps services such as Hinge, Tinder, OkCupid and Plenty of Fish, among others - has been grappling with slowing revenue due to weaker discretionary spending by users in an uncertain economy.
Rivian (RIVN) reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Illinois, plant and trimmed its capital expenditure forecast.
The Federal Reserve decided to keep rates steady after its two-day Federal Open Market Committee meeting, causing some uncertainty over the central bank's next move. However, following recent inflation data and April's jobs report, there might be room for the Fed to change rates. Schwab Asset Management CEO and CIO Omar Aguilar joins Market Domination to give insight into the Federal Reserve, the economy's growth, and more. Aguilar explains his predictions for rate cuts in this current environment: "Our estimate based on what we see, the economy is slowing down as well as the inflation finally getting to the point where the Fed might look at options, put us into 1 or 2 rate cuts for this year, most likely starting, more in the fall, more like in September, with still slight probability to do it in July. But certainly, I think the data on inflation will have to give plenty of reasons for the Fed to make that move in July." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston. Steward, which filed for bankruptcy protection on Monday, hopes to keep all of its hospitals open over the long term, Steward attorney Ray Schrock told U.S. Bankruptcy Judge Chris Lopez, who is overseeing the Chapter 11 proceedings. "Our goal remains that there are zero hospitals closed on our watch," Schrock said.
The dour forecast from EA, one of the biggest names in gaming, will add to the industry's already gloomy outlook, which has been coping with gamers cutting back on discretionary spending amid high inflation. The company forecast fiscal year 2025 bookings in the range of $7.30 billion to $7.70 billion, compared with average analysts' estimate of $7.76 billion, according to LSEG data. For the fourth quarter, the company, which also makes games like "Star Wars Jedi: Survivor", posted bookings of $1.67 billion, missing estimates of $1.77 billion.
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Motorsport Games Reports First Quarter 2024 Financial Results Motorsport Games Reports First Quarter 2024 Financial Results MIAMI, May 07, 2024 (GLOBE NEWSWIRE) -- Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its first quarter ended March 31, 2024. The Company has also posted the first quarter 2024 earnings slides highlighting key milestones that occurred in the period, which are accessible on the Company’s investor relations web
HOUSTON, May 07, 2024--Aris Water Solutions, Inc. (NYSE: ARIS) ("Aris," "Aris Water" or the "Company") today announced financial and operating results for the first quarter ended March 31, 2024.
OLDWICK, N.J., May 07, 2024--AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to "bbb+" (Good) from "bbb" (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Zale Indemnity Company (ZIC) (Dallas, TX). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR is stable.
DENVER, May 07, 2024 (GLOBE NEWSWIRE) -- Angi Inc. (NASDAQ: ANGI) posted its first quarter financial results on the investor relations section of its website at ir.angi.com/quarterly-earnings. As announced previously, Angi Inc. and IAC will host a conference call to discuss both companies’ respective first quarter results and to answer questions. The call will be held on Wednesday, May 8, 2024, at 8:30 a.m. ET. Joey Levin, CEO of IAC and Chairman of Angi Inc., Jeffrey Kip, CEO of Angi Inc. and C
IRVING, Texas, May 07, 2024--McKesson Corporation (NYSE: MCK) has released its fiscal 2024 fourth quarter financial results. Results can be accessed on McKesson’s Investor Relations website at investor.mckesson.com/financials/quarterly-results.
SAN FRANCISCO, May 07, 2024--Forge Global Holdings, Inc. ("Forge," or the "Company") (NYSE: FRGE), a leading private securities marketplace, today announced its financial results for the quarter ended March 31, 2024.
ORLANDO, Fla., May 07, 2024--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the first quarter of 2024. These results and related commentary were published in a Shareholder Letter that was issued via an 8-K SEC filing and published on its Investor Relations website at https://investors.luminartech.com.
SUNNYVALE, Calif., May 07, 2024--Alpha and Omega Semiconductor to Participate in Upcoming Investor Conferences
FOSTER CITY, Calif., May 07, 2024--Mirum Pharmaceuticals to Present at the Citizens JMP Life Sciences Conference
The Biden administration revoked export licenses from Intel (INTC) and Qualcomm (QCOM) for the supply of chips to Chinese tech company Huawei, according to a report from the Financial Times. Market Domination Anchors Jared Blikre and Josh Lipton break down the latest developments for these chip companies and what it means for their stocks moving forward. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
The Redwood City, California-based company, whose shares were down about 4% in extended trading, also authorized a new three-year stock buyback plan totaling $5 billion. The dour forecast from EA, one of the biggest names in gaming, will add to the industry's already gloomy outlook, which has been coping with gamers cutting back on discretionary spending amid high inflation. The company forecast fiscal year 2025 bookings in the range of $7.30 billion to $7.70 billion, compared with average analysts' estimate of $7.76 billion, according to LSEG data.