A combination of fog and smoke known as “super fog” caused a series of car pileups on Interstate 55 near New Orleans, killing at least seven people and injuring 25. Photo: Gerald Herbert/Associated Press
Trump is proposing two policies that could result in a double-shock for the US economy, according to Nobel economist Paul Krugman.
Meta Platforms (META) exceeded Wall Street's third quarter earnings expectations, delivering strong results on both revenue and profit. Yet the stock has slipped as analysts grow concerned over whether Big Tech could have a new CapEx spending problem around AI. The tech giant reported revenue of $50.59 billion, surpassing the estimated $40.26 billion, while adjusted earnings per share (EPS) reached $6.03, beating analyst expectations of $5.52. Jefferies Senior Analyst Brent Thill joins Market Domination to provide insight into the results, noting that current tech sector pressure stems from broader market uncertainties rather than company performance. "What we're seeing on our desk is not necessarily fear of Microsoft (MSFT) or Meta (META) massive miss but more a broader issue that's going on," Thill explains, highlighting upcoming events like next week's election and the Federal Reserve's November meeting as key concerns. Thill identifies AI capital expenditure as a "central focus" of the report. He points to favorable booking numbers compared to capital expenditure across Big Tech, explaining that "that means more business is coming in than their spending." While this allows companies to measure real revenue, he notes it's still "early in the innings." Roth Capital Partners managing director and senior research analyst Rohit Kulkarni told Yahoo Finance earlier today that this is a buy the dip opportunity for tech investors eyeing Meta stock. Regarding Meta specifically, Thill emphasizes AI's role in enhancing user experience by "helping us as consumers find appropriate content, understand what's relevant," and personalizing commerce suggestions across Meta's platforms. "I think the spending is working and I understand the fear," he tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
The U.S. and South Korea have called on China to use its influence over Russia and North Korea to prevent escalation after Pyongyang sent thousands of troops to Russia to aid Moscow's war against Ukraine. Beijing has so far stayed quiet. In a rare meeting earlier this week, three top U.S. diplomats met with China’s ambassador to the United States to emphasize U.S. concerns and urge China to use its sway with North Korea to try to curtail the cooperation, according to a State Department official, who spoke on condition of anonymity.
The Dodgers slugger was also still nursing a fractured finger from August.
He reportedly worked at Microsoft, which was co-founded by her ex-husband
November 5, 2024VANCOUVER, British Columbia, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer, Jonathan Price and members of Teck’s executive management team will be presenting on Tuesday, November 5, 2024 from 4:00 p.m. to 8:00 p.m. Eastern / 1:00 p.m. to 5:00 p.m. Pacific time at Teck’s Strategy Day. A webcast to view the event will be held as follows: Date: Tuesday, November 5, 2024Time: 1:00 p.m. PT /
ATLANTA (AP) — Rapper Young Thug pleaded guilty Thursday to gang, drug and gun charges.
FORT MCMURRAY, Alberta, October 31, 2024--Fort McMurray Catholic and public education support workers in CUPE Locals 2545 and 2559 will vote on recommendations proposed by the Disputes Inquiry Board (DIB), from Friday, November 1st until noon, Monday, November 4th, through an electronic ballot. The Alberta Labour Relations Board will announce the official results on Tuesday, November 5th. If the recommendations are voted down, 72 hours’ strike notice could be served immediately by the Local.
Vice President Kamala Harris published an op-ed in Việt Báo Daily News on Thursday, presenting her vision for a "New Way Forward" and her commitment to policies that would benefit Vietnamese American communities. The piece, accessible in both Vietnamese and English, underscores the importance of protecting freedoms and creating opportunities for Vietnamese Americans — a demographic she describes as “embodying resilience and strength.” Connecting with the community: In her op-ed, Harris connects her policies to the Vietnamese American experience, particularly the sacrifices made by those who fled oppression to build lives in the U.S. She highlights policies aimed at addressing rising costs of living, such as affordable housing initiatives and tax cuts for middle-class families, while also emphasizing support for small businesses, many of which are pillars within Vietnamese American communities.
Despite opposition from the United States and a warning from the UN Security Council, the Israeli parliament voted on Monday to ban the UN's Palestinian refugee agency (UNRWA) from operating on Israeli territory. This vote has far-reaching humanitarian and political consequences, forcing the international community to rethink all aid to the Palestinians. By an overwhelming 92 to 10 vote, the Israeli parliament, the Knesset, approved a bill on October 28 to ban the activities of the UN agency for
Former NFL defensive end J.J. Watt sounds ready for the sports world to move past talking about Aaron Rodgers and the struggling New York Jets. The 2-6 Jets take on the Houston Texans on Thursday night in a game that could push
WINNIPEG — Winnipeg city hall is gauging the public's appetite for potential new taxes on alcohol, online deliveries, vehicle registration and other items.
Market sentiment in Asia will be fragile at best on Friday as high and rising bond yields sink their teeth into risky assets, and worries about escalating AI costs appear to slam the brakes on the megacap, Big Tech rally. However, shares in Amazon and Intel rose sharply in after-hours trading following their earnings reports on Thursday, but Apple shares dipped.
AUSTIN, Texas, October 31, 2024--On Monday, October 14, 2024, A+ Federal Credit Union (A+FCU) hosted its annual A+ Gives Day in which over 490 team members volunteered more than 1,610 hours at 43 Central Texas organizations and 29 organizations across the nation. A+ Gives Day is an expansion of the credit union’s ongoing A+ Gives program to show appreciation and support for the communities A+FCU serves.
The 33-year-old rapper's trial on racketeering and gang charges is the longest ever held in Georgia.
His long-shot complaint accuses the network of deceptively editing an interview in an ‘attempt to tip the scales’
The USF men's basketball team opened the exhibition season with a 94-51 win over Edward Waters at the Yuengling Center.
Clark's 2024 salary was $76,535 with the WNBA's Indiana Fever.
RIDGELAND, Miss., October 31, 2024--C Spire has been named Service Provider of the Year and Regional Partner of the Year: Southeast Operation for USA Central Area at Cisco Partner Summit 2024. Cisco Partner Awards recognize top-performing partners demonstrating service excellence and innovation in delivering solutions that help customers succeed.
A criminal complaint says 34-year-old Christopher Marshall set fires around a home, two vehicles and a motor home in Miami Township. Prosecutors didn't say why. He is charged with aggravated arson.
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