The FCC cleared the way for AT&T to complete its acquisition of DirecTV last month, creating the largest pay-TV provider in the country. Can AT&T leverage its now comprehensive suite of service offerings to jumpstart its stock price?
The startup joins a list of companies that have seen strong debuts recently as initial public offerings bounce back on hopes of a soft landing for the economy, where inflation falls without a recession or big job losses. The rapid adoption of cloud applications for data storage and transfer has left businesses vulnerable to malicious attacks via the internet and boosted the appeal of cybersecurity firms. Palo Alto, California-based Rubrik provides data security solutions to more than 6,100 customers including appliance maker Whirlpool, snacks and beverages giant PepsiCo and investment bank Goldman Sachs.
US stocks sank Thursday morning after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected.
Treasury yields (^TYX, ^TNX, ^FVX) are booming this morning, the 10-year yield peaking above 4.7% after a softer-than-expected US GDP print. Saxobank Head of Fixed Income Strategy Althea Spinozzi joins Yahoo Finance's Seana Smith to discuss what the bond market may be messaging to investors on bond performances under higher inflation and interest rates. "5% is now a very high probability [for the 10-year yield]. There is also a very high probability that the yields continue to rise towards 5.25%," Spinozzi says. "However, to see a break above that level, we need to have a second wave of inflation. We need the Federal Reserve to talk about [rate] hikes again, and right now, that's a little bit of a tail scenario." For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan.
Telus (TU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
US GDP showed 1.6% growth for the first quarter, the lowest growth in 2 years. In response, US equities (^GSPC, ^DJI, ^IXIC) fell on the news, is this the number to truly be worried about? eToro Global Markets Strategist Ben Laidler joins Wealth! to give insight into what the GDP print means for investors' portfolios. Laidler remarks: "This GDP number is not great but it's not as bad as it looks. The bits we care about, business investment and the consumer are absolutely fine. This weakness was all about the things that we don't really care about and will probably bounce back next quarter, which is trade and which is inventories.Yes, I am a little bit spooked by the inflation number, but just hold that for 24 hours because tomorrow we're going to get the monthly PCE number, which will give us a lot more information as to how much we should really worry about this today. " For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
Cooper wore a sexy lacy bodysuit from SKIMS' Wedding Shop collection after marrying Matt Kaplan in Mexico
NEW YORK (AP) — New York’s highest court on Thursday overturned Harvey Weinstein ’s 2020 rape conviction, reversing a landmark ruling of the #MeToo era in determining the trial judge improperly allowed women to testify about allegations against the ex-movie mogul that weren’t part of the case. Weinstein, 72, will remain imprisoned because he was convicted in Los Angeles in 2022 of another rape. But the New York ruling reopens a painful chapter in America’s reckoning with sexual misconduct by pow
Sabrina Carpenter went braless wearing the Mirror Palais Anemone Dress in butter featuring illusion tulle adorned with lace appliqués along the neckline and hem
The former president gave a truly bizarre "White House" gift to a visitor.
Princess Charlotte will be celebrating her 9th birthday next week, and she has a cool hidden talent! Her mum Kate Middleton recently opened up about her hobby...
Gordon Ramsay swears by this easy 10-minute pasta dish, which he said has become a "regular midweek family meal" in his house.
The couple, who wed in 2002, supported their friend Gabriela Peacock’s book launch at the Broadwick Soho
"Sounds like a perfect authoritarian election plan to me," fascism expert Ruth Ben-Ghiat commented.
The president took aim at one of his predecessor's personal trademarks -- and the audience loved it.
Jade Benning died on her 25th birthday on March 6 after she was rushed to the hospital the week before
The 'Anyone But You' actress has been sharing her daily dose of travel content
The audience laughed out loud as Biden mocked Trump's most recent venture.
"We pulled over and I got out of the car and saw that an alligator had him by the leg," Walter Rudder recalled to a local news outlet about the scary incident
"If Tweeting was an Olympic sport, Monica Lewinsky won a gold medal with this gem," one X user wrote.
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