Euro-zone stocks, low-rated bonds and the euro are hit as Greece looks set to default on a crucial repayment due to the International Monetary Fund, likely plunging it deeper into financial crisis.As Ciara Lee reports Greece's EU-led bailout also expires at the same time.
The star has made some big calls around their must-win clash. More here.
Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop fort its stock in after-market trading Wednesday. Earnings growth was partly driven by a shift in the Easter holiday, which fell during the second quarter in 2023 versus the first quarter this year. Airbnb projected revenue in the second quarter between $2.68 billion and $2.74 billion.
Shares of Bumble (BMBL) are gaining in after-hours trading on Wednesday as the dating app released first-quarter earnings revealing better-than-expected revenue and paying users numbers. The company also announced it would boost its share buyback program, raising it from $300 million to $450 million. Klaviyo stock (KVYO) is also jumping as the marketing technology company revealed a revenue beat at $210 million, representing 35% year-over-year growth. In addition, Klaviyo boosted its full-year guidance for 2024 operating income to between $97 million and $105 million. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Nicholas Jacobino
MONTRÉAL, May 08, 2024 (GLOBE NEWSWIRE) -- Pembroke Private Wealth Management Ltd. (“Pembroke”), the manager of Pembroke American Growth Fund Inc., Pembroke Canadian Growth Fund Inc. and Pembroke Concentrated Fund announce increases of the risk rating for these funds. Effective May 8, 2024, the risk rating of Pembroke American Growth Fund Inc., Pembroke Canadian Growth Fund and Pembroke Concentrated Fund will be increased as follows. There are no changes to the investment objectives, strategies,
Football is one of the most physically demanding sports, so there’s a reason why NFL players have, on average, the shortest playing careers. The game is more physical and competitive than ever before, with athletes who are stronger and faster than they had been in the past. High-impact collisions and injuries have led players to hang up their cleats and walk away from the game early on. The inevitable transition from the NFL is not an easy one, making Troy Vincent’s path as a former Philadelphia Eagles cornerback to the executive suite an even more uncommon one. After playing for 15 seasons with Miami, Philadelphia, Buffalo and Washington, Vincent retired from the NFL in 2006. However, his work in the league didn’t end there. Committed to empowering players through financial literacy and personal development, Vincent headed the NFL Player Engagement team in 2010 and, four years later, was named the NFL's EVP of Football Operations. To this day, Vincent owes the guiding principles in his executive role to the lessons gained from his years as an athlete. For more on our Lead This Way Series, click here, and tune in to Yahoo Finance every Thursday.
A year ago, Joselu was a 33-year-old journeyman on a path to anonymity. Now, after two late goals in the Champions League semifinals, he's a Real Madrid hero.
Shares of Arm Holdings (ARM) are falling Wednesday despite surpassing expectations on both the top and bottom lines in its fourth quarter results. To shed light on this unexpected market reaction, New Street Research Analyst Rolf Bulk joins Yahoo Finance. Bulk acknowledges that while Arm had a solid quarter, the company's full-year guidance came in "a bit shy of consensus." However, he says he is not surprised by Arm's outlook, citing certain parts of the business, such as "licensing in particular is quite lumpy." Bulk attributes this guidance to Arm's inability to determine which clients will continue to purchase their products consistently. He adds that clients who purchase from the company this quarter are not guaranteed to do so in the next, making it difficult to "forecast that out over multi-quarters, let alone a year." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
BATON ROUGE, La., May 08, 2024 (GLOBE NEWSWIRE) -- Lamar Advertising Company (Nasdaq: LAMR) today announced that Sean Reilly, CEO of Lamar Advertising Company, is scheduled to participate in a question-and-answer session at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 22, 2024 at approximately 8:00 a.m. ET. The session will be carried live via audio webcast at the Company’s website, www.lamar.com, and will be archived for 30 days. About Lam
MILWAUKEE, May 08, 2024--The Wisconsin Court of Appeals has upheld a jury’s verdict on behalf of the family of a mesothelioma victim there and increased the award to $13.4 million.
The NFL star shared a video with co-star Niecy Nash-Betts, which showed them behind-the-scenes in Ryan Murphy's new horror drama, "Grotesquerie."
Photo Illustration by Luis G. Rendon/The Daily Beast/ReutersThe bombshell testimony of Stormy Daniels in Donald Trump’s election interference case was certainly dramatic, but other events that took place may mean we are closer than ever to the former president facing the prospect of jail time.It was the statements made by one of Trump’s lawyers that could land him an evening on Rikers Island, and also potentially get that attorney in ethical trouble herself.The coverage of the trial focused most
Tampa Bay Rays starting pitcher Ryan Pepiot was placed on the 15-day injured list with a bruised lower left leg on Wednesday. The right-hander departed his start Sunday after getting hit on the calf by a 107.5 mph line drive off the bat of the New York Mets’ Starling Marte. Both Pepiot and Rays manager Kevin Cash believe it will be a short-term injury.
NEW YORK — State Sen. Zellnor Myrie announced Wednesday he’s opening a campaign committee to raise money for a possible mayoral run, making him the second potential challenger against Mayor Eric Adams in the 2025 battle for City Hall. Myrie, a progressive Democrat who represents the same swath of central Brooklyn once led by Adams in his state Senate days, said Wednesday that voters are tired ...
The dark cloud hanging over the US real estate market may be casting an even longer shadow on REITs, or real estate investment trusts. The Federal Reserve's sentiment on keeping interest rates higher for longer has prolonged elevated mortgage rates, which have run rampant and impaired Americans' ability to buy or own a home. Janus Henderson Investors Global Real Estate Portfolio Manager Gregory Kuhl and Haendel St. Juste, Mizuho Senior Equity Research Analyst for REITs and Homebuilders, sit down with Yahoo Finance's Market Domination to talk about the Fed's monetary policy and its reverberations felt by REITs and the broader real estate industry. "We're pretty optimistic that assuming we are done in terms of Fed rate hikes and higher rates, listed REITs today are priced for the interest rate environment that we have, which means they can do well," Kuhl explains, adding: "It's not an issue of fundamentals, it's purely an issue of valuation, which we think we're getting towards the end of." Kuhl and St. Juste weigh in on areas of the real estate sector that show promise, naming a few standout stocks from the landscape. "We point people to sectors where there's clear demand tailwinds — apartments, healthcare data centers, and stocks [with] names with, pricing power, better than average earnings growth to alleviate some of those concerns," St. Juste comments. 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.
Warner Bros. Discovery (WBD) – a company with deep roots in the entertainment industry for over a century – was only formed a short two years ago. Beyond the Ticker takes a deep dive into the media giant’s history, as it grapples with legacy media challenges and looks to build its streaming business into a serious industry player. 1923 Warner Brothers was founded on April 4, 1923, and quickly built itself into one of the Big Five American studios, alongside Universal Pictures (CMCSA), Paramount Pictures (PARA), Walt Disney Studios (DIS), and Sony Pictures (SONY). 1966 The Kinney National Company was formed. Its media division became Warner Communications. 1982-1985 Discovery was founded as the Cable Educational Network. The Discovery Channel launched soon after in 1985. 1990 Warner Communications was established as Time Warner, following a high-profile merger with Time Inc., that created the largest media company at the time. 1996 Time Warner purchased the Turner Broadcasting System in a $7.5 billion deal. That led to the acquisition of assets like HBO, Cinemax, Warner Bros. Studios, CNN, and Turner Sports. 2018 Time Warner was acquired by AT&T (T) for $85.4 billion. It was renamed WarnerMedia. 2022 The two companies officially merged after WarnerMedia was spun off by AT&T, joining forces with Discovery in a deal valued at $43 billion. Trading began on the Nasdaq on April 11, 2022, under the new ticker symbol WBD. Shares opened at $24.08 per share. 2023 The joint company’s first major project – the streaming launch of Max – offered content from Warner Bros., Discovery Channel, HBO, CNN, Cartoon Network, Animal Planet, and more. But despite various profitability hurdles, Warner Bros. Discovery is still aiming for a top spot in the ever-evolving entertainment industry – with investors awaiting its next wave of innovation. From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today. Check out more of our Beyond the Ticker series, and be sure to tune in to Yahoo Finance. Editor's note: This video was produced by Zach Faulds.
Prince Williams/FilmMagic/Jerritt Clark/Getty Images for Rémy MartinRapper 50 Cent, real name Curtis Jackson, filed a defamation lawsuit against his ex-partner, Daphne Joy this week. Back in March, Joy publicly accused Jackson of raping and physically abusing her during their relationship, claims which Jackson says are baseless. Jackson claims in his suit that Joy (full name Daphne Joy Narvaez) made allegations were not only “false and defamatory,” but that were a “calculated attack”—an attack t
"I know I was begged not to mention Taylor Swift, but I just wanna say, you always look so great with her in the box," Stewart told Kelce during an episode of her podcast
Mexican telecommunications company Megacable said on Wednesday it executed a successful long-distance optical transmission test with Finnish telecom equipment supplier Nokia as it aims to scale up the capacity of its network. The transmission test reached 1.1 Terabits per second (Tbps), Megacable said in a news release, calling it "the first optical channel of this capacity to be implemented in an active network of a single operator in Latin America." Megacable, which provides pay TV, internet and telephone services in Mexico, has been working with Nokia to increase its long-distance data transmission speeds to interconnect its data centers for improved fiber optic connectivity to its users.
"It's more to put a smile on people's faces," shared Donna of her son's style choices
Tata Steel has written to staff after redundancy talks with the unions collapsed.
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