Yahoo Finance 30 years on: Could there be another Black Monday?
On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue. Laura Frykberg reports.
On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue. Laura Frykberg reports.
The Arizona Coyotes are moving to Utah after 27 seasons in the Southwest. Hockey could return to the region with an NHL expansion club.
The dollar rose on Thursday as a mixed batch of U.S. data did little to shake views that the economy is still on solid ground, suggesting the Federal Reserve will likely delay the timing of its first interest rate cut since 2020 to later this year. Comments from New York Fed President John Williams saying there is no urgent need to cut interest rates right now given the strength of the economy, also helped lift the dollar.
As companies in the S&P 500 (^GSPC) — especially Big Tech leaders — begin to report first-quarter earnings, it's evident companies' prospective stocks are reacting negatively to overly positive earnings news. Evercore ISI Senior Managing Director Equity of Derivatives and Quantitative Strategy Julian Emanuel joins Market Domination to discuss how stocks are responding to quarterly results, as well as touch on the trajectory of the S&P 500 as the likelihood of interest rate cuts in 2024 by the Federal Reserve starts to dissipate. "The bigger message is that the companies that have done well in some cases have seen their shares perform poorly... case in point, it's the double beats, the ones beating on EPS and revenues," Emanuel tells Yahoo Finance. "And the share price reaction that is... less than stellar, and some cases outright poor, that's what really tells us that the broader market is having digestion problems in and around this earnings season." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
The Arizona Coyotes are officially headed to Salt Lake City. The NHL Board of Governors voted unanimously Thursday to approve a $1.2 billion sale from Alex Meruelo to Utah Jazz owners Ryan and Ashley Smith, clearing the way for the franchise's move to Utah next season. The deal includes a provision for Arizona to get an expansion team if a new arena is built within the next five years.
Lawyers for murder suspect Bryan Kohberger claim in a new court filing that cellphone tower and radio frequency data prove he was out for a late-night drive and miles away when four University of Idaho students were violently stabbed inside their off-campus home in 2022. Kohberger, once a criminology Ph.D. candidate at Washington State, is accused of killing Kaylee Goncalves, Madison Mogen, ...
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
New York would expand access to booze by allowing movie theaters to sell liquor and continuing to let people buy takeout cocktails from bars and restaurants under a series of measures unveiled Thursday. The state Assembly passed the measures Thursday, which are part of the larger state budget agreement. The state Senate is expected to follow before it's sent to New York Gov. Kathy Hochul's desk for signature.
“The Wiz” celebrated its return to Broadway on Wednesday night — but where was Toto? The re-imagining of “The Wizard of Oz,” featuring a Black cast, originated on Broadway in 1974 followed by the 1978 movie starry Diana Ross as Dorothy, Michael Jackson as Scarecrow, Nipsey Russell as the Tin Man and Theodore Ross Roberts …
ARLINGTON, Texas, April 18, 2024--Six Flags Entertainment Corporation (NYSE: SIX) (the "Company," "Six Flags," "we," "us" or "our"), the world’s largest regional theme park company and the largest operator of water parks in North America, today announced that the Company and its wholly-owned subsidiary, Six Flags Theme Parks Inc. ("SFTP"), as co-issuers, have priced $850 million aggregate principal amount of 6.625% Senior Secured Notes due 2032 (the "Notes") at an offering price of 100.000% of t
Through 20 games, the Houston Astros have managed just six wins and are in last place in the AL West. Despite this, these veteran Astros, who have reached the AL Championship Series seven consecutive times, have no doubt they’ll turn things around. First-year manager Joe Espada, who was hired in January to replace the retired Dusty Baker, discussed his team’s early struggles.
Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI. The models will be integrated into its virtual assistant Meta AI, which the company is pitching as the most sophisticated of its free-to-use peers, citing performance comparisons on subjects like reasoning, coding and creative writing against offerings from rivals including Alphabet's Google and French startup Mistral AI. The updated Meta AI assistant will be given more prominent billing within Meta's Facebook, Instagram, WhatsApp and Messenger apps as well as a new standalone website that positions it to compete more directly with Microsoft-backed OpenAI's breakout hit, ChatGPT.
Federal Reserve policymakers are coalescing around the idea of keeping borrowing costs where they are until perhaps well into the year, given slow and bumpy progress on inflation, and a still-strong U.S. economy. view articulated in February by Fed Governor Christopher Waller and since echoed by many of his colleagues. "I definitely don't feel urgency to cut interest rates" given the strength of the economy, Williams said at the Semafor's World Economy Summit in Washington.
Will we see 22 or more offensive players in the first round?
DAVID DEE DELGADOScores of Columbia University students were arrested Thursday afternoon after they rebuffed authorities’ pleas to vacate an on-campus tent city erected in support of Palestine.“Since you have refused to disperse, you will now be placed under arrest for trespassing,” the NYPD told protesters through a loudspeaker. “If you resist arrest, you may face additional charges.”Police officers began taking protesters into custody at around 1:30 p.m., putting them in flex-cuffs and loading
UPDATED with latest: The Oscars, strike-delayed Writers Guild Awards and the 2023-24 awards season are history, and it’s time to look at what’s ahead trophy show-wise. Here is a list of awards shows, events and the like ahead as we cruise into Emmy season and look ahead to Cannes, the fall film festivals and the …
The Nigerian Army announced the rescue of Lydia Simon, who says she was one of 276 girls kidnapped from their school in Chibok in 2014
Infinite Herbs organic basil has been pulled from Trader Joe's shelves in 29 states and Washington D.C.
DALLAS, April 18, 2024--Ernst & Young LLP (EY US) has announced that Ken Luce, founder of LDWW, was named an Entrepreneur Of The Year® 2024 Southwest Award finalist. Now in its 38th year, Entrepreneur Of The Year is the preeminent competitive business award for audacious leaders who disrupt markets, revolutionize sectors and have a transformational impact on lives. Over the past four decades, the program has recognized the daring entrepreneurs with big ideas and bold actions that reshape our wor
PARIS, April 18, 2024--Veolia sets bold growth goals in the United States, boosting its ecological solutions to improve economic growth and public health for Americans
One dismissed juror expressed concerns that news reports about her may have helped her friends and family identify her