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☆ Capitalize on once-in-a-generation opportunities in the bond market by making these 5 moves now, according to 6 leading fixed income strategists
▼ + stars: | 2023-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Yahoo FinanceHowever, six leading fixed income investors are confident that the pain won't last much longer. Michele continued: "I've been doing this since 1981, so I've seen a decade of double-digit bond yields with disinflation. Alex Petrone, the director of fixed income at Rockefeller Asset Management, agreed that it's too soon to write off a recession. Nailing timing helps maximize returns, though fixed income experts said that's difficult because the Fed's policy decisions are unpredictable. Buying Treasuries and municipal coupons on both the long and short ends of the curve are how she recommends playing fixed income.

Persons: Jonathan Mondillo, you've, Bob Michele, Michele, I've, we'll, Federal Reserve —, Robert Robis, Robis, Alex Petrone, it's, Petrone, Mary Daly, David Schiffman, Roger Aliaga, Diaz, Aliaga, Mondillo, Schiffman Organizations: Yahoo Finance, JPMorgan Asset Management, isn't, Federal Reserve, BCA Research, Rockefeller Asset Management, Fed, San Francisco Fed, Aquila Investment Management, Vanguard's Investment, Investment Locations: Scotland, bottoming, Abrdn, Aquila, Treasuries, CCC

☆ Hollywood walkouts have wiped $5 billion from California's economy, exceeding analysts' estimates
▼ + stars: | 2023-09-05 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Hollywood writers and actors have been on strike for over four months. The impact on California's economy has been enormous – reaching almost $5 billion. Caterers, dry cleaners, drivers, and other small enterprises are among those most affected, says one researcher. Todd Holmes, an entertainment industry professor at Cal State Northridge, had predicted a $3 billion blow to California's economy in the first 100 days of the strike. AdvertisementAdvertisementAs a result, Hollywood studios have begun delaying new releases, as strike rules prohibit actors from promoting their films.

Persons: AFTRA, Kevin Klowden, –, Klowden, Todd Holmes Organizations: Service, Writers Guild of America, SAG, Milken Institute, Financial Times, Yahoo Finance, Cal State Northridge, Hollywood Locations: Wall, Silicon, Los Angeles

☆ Billionaire CEOs said working from home made them happier. Some now want to fire workers who don't show up to the office.
▼ + stars: | 2023-08-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +14 min

AdvertisementAdvertisementThe Meta CEO told staff they could expect him to spend half of the next year working remotely. True to his word, in his first week Musk banned remote work in a 2:30 a.m email to Twitter staff. Still: Unlike some of the other wealthy CEOs on this list, Eric Yuan has always been a little skeptical of permanent remote work. Roy RochlinSalesforce CEO Marc Benioff was initially outspoken in his support for remote working. Joining the growing list of CEOs that say remote work is not conducive to productivity, Salesforce revised its work-from-anywhere strategy.

Persons: Mark Zuckerberg, Goldman Sachs, Prithwiraj Choudhury, Zuckerberg, Meta, I've, Erin Scott, Skip, Insider's Kali Hays, Hugh Langley, Evan Spiegel, Miranda Kerr, Pierre Mouton, Stringer, Spiegel, I'm, ERIC PIERMONT, Kali Hays, Jack Dorsey, PRAKASH SINGH, lockdowns, Dorsey, Elon Musk, Musk, Zoe Schiffer, hasn't, Eric Yuan, Kena, Zoom, Kelly Steckelberg, Yuan, Marc Benioff, Roy Rochlin, Salesforce, Benioff, Justin Sullivan, Kara Swisher Organizations: Service, Meta, Harvard Business School, Wall Street, Staff, CNBC, Getty, Twitter, San, New, Elon, San Francisco, Bloomberg, Zoom, Workers, MarketWatch, Smith, Yahoo Finance, Insider Locations: Wall, Silicon, San Francisco, Singapore, Silicon Valley , California

☆ 'Manias die in vicious ways': A pair of fund managers who have beaten 99% of their peers over the last 5 years warn the S&P 500 will shed at least 30% of its value when the current bubble pops
▼ + stars: | 2023-08-26 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

They likened the current environment to the dot-com bubble around 2000. Cole told Insider he thinks the S&P 500 will lose at least 30% of its value in the years ahead. "This financial euphoria episode has gone to a sustained high that makes the dot-com bubble look like small change," he wrote in the August 22 letter. Smead is the founder of Smead Capital Management and comanages the Smead Value Fund (SMVLX) with his son, Cole. Don't take that to mean the S&P 500 will deliver low returns every year until 2033.

Persons: Cole Smead, Cole, Bill Smead, Smead, Russell, Akin Oyedele, It's, Manias, Bill, Dubravko Lakos, Lakos Organizations: Smead Capital Management, Yahoo Finance, it's, Netflix, Visa, Mastercard, Paypal, Smead, Federal, JPMorgan, CNBC, Conference

U.S. bond investors nonetheless dialled back their bets of a rate hike in November and December following Powell's remarks, though Treasury yields traded near break-even by late morning. The yield on 10-year Treasury notes was steady at 4.2314% and the two-year yield, which reflects interest rate expectations, rose to 5.0735%. "We've seen a back-off in ECB rate hike expectations. Boston Fed President Susan Collins said on Yahoo Finance's video channel that rates may be near or at a peak, "but certainly additional increments are possible." Tokyo consumer price data on Friday, which front-runs nationwide figures, showed inflation remained well above the Bank of Japan's target.

Persons: Toby Melville, Jerome Powell, Powell, David Sadkin, Dow Jones, Christine, Lagarde, Ben Laidler, Patrick Harker, Susan Collins, Shaun Osborne, Joseph Capurso, Kazuo Ueda, Jackson, Brent, Samuel Indyk, Kevin Buckland, Jacqueline Wong, Mark Potter, Chizu Nomiyama, Susan Fenton, Diane Craft, Cynthia Osterman Organizations: London Stock Exchange Group, City of, REUTERS, Federal Reserve, Bel Air Investment Advisors, Nasdaq, European Central Bank, ECB, Reuters, Philadelphia Fed, CNBC, Boston, Yahoo, U.S, Scotiabank, Bank of, Bank of Japan, CBA, West Texas, Thomson Locations: City, City of London, Britain, Jackson Hole , Wyoming, U.S, Asia, Tokyo

☆ Shares whipsaw as Fed weighs inflation risks, yields steady
▼ + stars: | 2023-08-25 | by ( Samuel Indyk | ) www.reuters.com time to read: +5 min

If you're a bear, you heard him say we're going to be restrictive, and we might hike rates," said David Sadkin, president at Bel Air Investment Advisors. U.S. rates investors nonetheless dialled back their bets of a rate hike in November and December following Powell's remarks, though Treasury yields traded near break-even by late morning. "We've seen a back off in ECB rate hike expectations. Boston Fed President Susan Collins said on Yahoo Finance's video channel that rates may be near or at a peak, "but certainly additional increments are possible." Tokyo consumer price data on Friday, which front-runs nationwide figures, showed inflation remained well above the Bank of Japan's target.

Persons: Toby Melville, Jerome Powell, Powell, David Sadkin, Dow Jones, Christine, Lagarde, Ben Laidler, Patrick Harker, Susan Collins, Shaun Osborne, Joseph Capurso, Kazuo Ueda, Jackson, Brent, Samuel Indyk, Kevin Buckland, Jacqueline Wong, Mark Potter, Chizu Nomiyama, Susan Fenton Organizations: London Stock Exchange Group, City of, REUTERS, Federal Reserve, Bel Air Investment Advisors, Nasdaq, European Central Bank, Reuters, ECB, Philadelphia Fed, CNBC, Boston, Yahoo, U.S, Scotiabank, Bank of, Bank of Japan, CBA, West Texas, Thomson Locations: City, City of London, Britain, Jackson Hole , Wyoming, U.S, Asia, Tokyo

☆ Stocks swoon, dollar firms as Powell speech looms
▼ + stars: | 2023-08-25 | by ( Kevin Buckland | ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Crude oil found its footing around one-month lows, but remained on course for a second weekly decline amid a firmer dollar and simmering China-centred worries about global growth. "However, there is also no real reason for Powell to strike a dovish tone," he added, "and that could mean an ugly end to the week for stocks, while the dollar shines." Against Japan's currency , the dollar edged tentatively back toward last week's nine-month high of 146.545, trading as strong as 146.21. In energy markets, crude prices rose slightly on Friday, but remained on track for weekly declines of between 1.5-2.5%.

Persons: Brendan McDermid, Jerome Powell, Jackson, Kazuo Ueda, Christine Lagarde, Powell, Matt Simpson, Simpson, Patrick Harker, Susan Collins, Joseph Capurso, Brent, Kevin Buckland, Jacqueline Wong Organizations: New York Stock Exchange, REUTERS, Rights, Federal, People's Bank of, Bank, Nasdaq, Japan's Nikkei, Nvidia, Advantest, Fed, Boston Philadelphia Fed, CNBC, Yahoo, U.S, Bank of Japan, CBA, Treasury, West Texas, Thomson Locations: New York City, U.S, . U.S, China, People's Bank of China, Asia, Tokyo, Jackson

☆ Fed's Collins: May be at a place where Fed can hold steady - Yahoo Finance
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

[1/2] Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, U.S., August 24, 2023. REUTERS/Ann Saphir Acquire Licensing RightsNEW YORK, Aug 24 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Thursday the central bank may be in a place where it doesn't need to raise rates again, while keeping open the option for more action. "We may be near, we could even be at a place where we would hold" and not raise rates further, Collins said in an interview on Yahoo Finance's video channel. Collins spoke on the sidelines of the Kansas City Fed's annual research conference in Jackson Hole, Wyo. Reporting by Michael S. DerbyOur Standards: The Thomson Reuters Trust Principles.

Persons: Susan Collins, Ann Saphir, Collins, Michael S Organizations: Federal Reserve Bank of Boston, Kansas City Fed, REUTERS, Yahoo, Kansas City, Market Committee, Derby, Thomson Locations: Jackson, Wyoming, U.S, Kansas

☆ Nvidia's blowout results are exciting analysts so much, one of them even said the AI chipmaker will be 'most important company to civilization'
▼ + stars: | 2023-08-24 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

AI chipmaker Nvidia posted record second-quarter revenues of $13.51 billion. One jubilant analyst made a bold call: He thinks Nvidia will be the "most important company to civilization" in the next decade. Even Daniel Ives, an analyst at Wedbush Securities, gushed in a tweet: "It's all about AI demand and use cases. "AI needs specialized chips to run on, and trillions worth of processing chips will be up for replacement through this decade." Dessai added there are other opportunities for AI chips as they eventually make their way into other products including smartphones, laptops, cars, and medical devices.

Persons: Angelo Zino, Daniel Ives, Dessai Organizations: Nvidia, Service, Yahoo Finance, Wedbush Securities, gushed, Tejas, Global Locations: Wall, Silicon

☆ Sarah Paynter — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-23 | by ( Sarah Paynter | Libertina Brandt | ) www.wsj.com time to read: 1 min

Sarah PaynterSarah Paynter is a reporter covering luxury residences for The Wall Street Journal’s Mansion section. She writes about listings and sales of high-priced houses, specializing in transactions on the east half of the U.S., from Greenwich, Conn., to Savannah, Ga., to Chicago. She also spotlights amenity and design trends in luxury houses and chronicles changes in luxury markets. Sarah has bylines at Yahoo Finance, the Real Deal, the New York Post and Newsday. She graduated from Columbia University’s Graduate School of Journalism with the Philip Greer Award for excellence in financial journalism.

Persons: Sarah Paynter Sarah Paynter, Sarah, Philip Greer Organizations: Yahoo Finance, New York Post, Newsday, Columbia University’s Graduate School of Journalism Locations: U.S, Greenwich, Conn, Savannah, Ga, Chicago

☆ Stock investors are 'delusional' to think the Fed can pull off its 'mission impossible,' says PNC's chief investor
▼ + stars: | 2023-08-23 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Stock investors are delusional if they expect a "no landing" scenario, PNC's Amanda Agati says. The Fed can't conquer inflation without triggering a recession, the bank's chief investor says. Agati points to the inverted yield curve as a warning sign that an economic downturn is looming. "The equity market is still delusional," PNC Asset Management Group's chief investor, Amanda Agati, told Yahoo Finance on Tuesday. It's "totally focused on no landing — the Fed is effectively pulling off mission impossible and getting inflation under control without tipping us into recession," she continued.

Persons: Amanda Agati, It's, Agati Organizations: Service, Federal Reserve, PNC, Management Group's, Yahoo Finance, Nasdaq Locations: Wall, Silicon

☆ 5 major companies explain how they've designed their hybrid-work policies
▼ + stars: | 2023-08-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

Based on five companies' responses, hybrid work is thriving right now. The spokesperson noted that the company believes both hybrid work and flexibility aren't going anywhere. EYOutside of the tech sector, companies are also prioritizing hybrid work. Still, Giampietro noted the challenge of hybrid work for meeting with clients, as some of "those clients may not be in as frequently or may not want us in as frequently." Reach out to this reporter at mhoff@insider.com to share your story and how you feel about your company's current remote, hybrid, or in-person work policy.

Persons: Yahoo Finance's Daniel Howley, We've, Ryan Lamont, Lamont, we're, Fiona Cicconi, Chris Schmidt, Schmidt, Frank Giampietro, EY, Giampietro, McKinsey & Company Katy George, George Organizations: Microsoft, Service, Gallup, IBM, Google, Microsoft Microsoft, Yahoo, Google Google, Street, Alphabet Workers, Alphabet Workers Union, CWA, McKinsey & Company, McKinsey Locations: Wall, Silicon, New York City, Americas

☆ Asia stocks drop to month low as US CPI fails to enthuse
▼ + stars: | 2023-08-11 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

The yen touched a six-week low of 144.89 per dollar in early trade, though volumes were thinned owing to a public holiday in Japan. Its stock markets were closed and Treasuries went untraded in the Asia session. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.7% with stocks in Hong Kong and China the biggest drag. Headline U.S. CPI was 0.2% last month, the same as a month earlier, and the details were encouraging - with core goods inflation slowing down and only rents proving stubbornly sticky. DOLLAR GAINSIn foreign exchange markets, choppy trade in the wake of the inflation data left the dollar on course for a weekly gain.

Persons: Issei Kato, Treasuries, Mary Daly, Andrew Lilley, Philip Lowe, Nozomu Ogawa, Sally Auld, JB, There's, HSI, Tom Westbrook, Muralikumar Anantharaman Organizations: REUTERS, SYDNEY, Headline U.S, CPI, San Francisco Fed, Yahoo Finance, Daiwa, Markets, HK, Chevron, Brent, Thomson Locations: Tokyo, Japan, U.S, Asia, Pacific, Hong Kong, China, Sydney, New York, Australia

☆ Asia stocks slip as US CPI fails to enthuse; dollar up
▼ + stars: | 2023-08-11 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. The yen touched a six-week low of 144.89 per dollar in early trade on Friday, though volumes were thinned owing to a public holiday in Japan. Its stock markets were closed and Treasuries went untraded in the Asia session. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) edged 0.2% lower and headed for a 1% weekly loss. In stock markets, Chinese property stocks were taking a fresh beating on giant developer Country Garden (2007.HK), which is struggling with its debts, forecasting a $7.6 billion net loss in the first half.

Persons: Issei Kato, Treasuries, Mary Daly, Andrew Lilley, Sally Auld, JB, Tom Westbrook, Muralikumar Organizations: REUTERS, U.S ., Headline U.S, CPI, San Francisco Fed, Yahoo Finance, U.S . Treasury, HK, Star Entertainment, Chevron, Thomson Locations: Tokyo, Japan, U.S, Asia, Pacific, Sydney, New York, Hong Kong, Alibaba, HK, New South Wales, Woodside, WDS.AX

☆ People online are losing it over Campbell changing the recipe for Rao's pasta sauces after a buyout. The backlash even forced Campbell CEO to say they won't 'touch the sauce.'
▼ + stars: | 2023-08-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Campbell Soup is acquiring the parent company of Rao's pasta sauce for $2.7 billion. Fans of the product are going on social media to mourn the end of Rao's saucy goodness. The social media backlash has driven the company's CEO to say they won't "touch the sauce." But within hours of the announcement on Tuesday, social media was rife with fans concerned about the fate of their beloved sauce. "I appreciate all the encouragement on social media, but we are not going to change it," he said, referring to the pasta sauce.

Persons: Campbell, it's, Mark Clouse, Campbell Soup, Clouse, Frank Pellegrino Sr, Campbell's, Sovos Organizations: Service, Twitter, Yahoo Finance, New, Sovos Locations: Wall, Silicon, New Yorks, American

☆ Daly: Premature to say if Fed has done enough on rates
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

"Whether we raise another time, or hold rates steady for a longer period -- those things are yet to be determined," Daly said in an interview with Yahoo Finance. "It would be premature to project what I think would happen because there's a lot of information coming in between now and our next meeting." While goods inflation is receding, and newly signed lease trends signal inflation from housing will also cool, core services inflation excluding housing has so far made little progress, Daly said. The Fed raised its policy a quarter of a percentage point last month, to a range of 5.25% to 5%, and policymakers will consider whether to raise rates further when they meet again in September, November and December. Daly before the most recent rate hike had thought a total of two more interest-rate increases would likely be needed before year's end, but she did not reiterate that view on Thursday.

Persons: Mary Daly, Daly, Ann Saphir, Jonathan Oatis Organizations: San Francisco Federal Reserve Bank, Yahoo Finance, U.S . Labor Department, Fed, Traders, Thomson

The Consumer Price Index rose at a 3.2% annual rate in July, which was a slight increase over June's 3% reading. Typically, that would be associated with a jump in unemployment as businesses and consumers scale back. Yet the unemployment rate has remained below 4% -- low for the U.S. -- since February 2022, and stood at 3.5% as of last month. Others feel the economy remains slow to adjust to higher interest rates, and that the unemployment rate will ultimately rise before the Fed finishes its inflation fight. The current Fed "has been uniquely successful thus far in lowering inflation while leaving the unemployment rate at its lowest levels in roughly half a century," they wrote, with the potential that policy tightening so far "may bring about further declines in inflation without a dramatic rise in the unemployment rate.

Persons: Bryan Woolston, Pierre, Daniel Sarte, Paul Ashworth, Ashworth, Mary Daly, Howard Schneider, Andrea Ricci, Christina Fincher, Jonathan Oatis Organizations: Kentucky, Center, REUTERS, Bryan Woolston WASHINGTON, . Federal Reserve, Richmond Fed, Reuters Graphics Reuters, Fed, Graphics, North, Capital Economics, Traders, San Francisco Fed, Yahoo Finance, U.S, Thomson Locations: Frankfort , Kentucky, U.S, North America

☆ Morning Bid: A sticky inflation situation
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +5 min

With a relentless set of rate hikes, the Federal Reserve has managed to drive consumer price increases down to 3%, from last June's 9.1%. The Atlanta Fed compiles an index of core sticky consumer prices - goods or services for which the cost changes far more slowly. Reuters GraphicsLine chart with data from the Bureau of Economic Analysis and Federal Reserve shows PCE inflation slowed to 3% year-on-year in June, while core PCE inflation also eased to 4.2%. Chart shows economists polled by Reuters expecting the U.S. consumer price index to have increased 0.2% in July 2023 from the previous month, the same pace as June 2023. * Federal Reserve Bank of Atlanta President Raphael Bostic gives welcome remarks at a webinar, 1500 EDT/1900 GMT.

Persons: Brendan McDermid, Amanda Cooper, they're, Mary Daly, Raphael Bostic, Tomasz Janowski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, American Automobile Association, Federal Reserve Bank, Cleveland, Atlanta Fed, Reuters Graphics, Reuters, Federal Reserve Bank of San Francisco, Yahoo Finance, Federal Reserve Bank of Atlanta, Thomson Locations: New York City, U.S, Manheim

☆ 3 key questions Disney analysts say CEO Bob Iger faces ahead of earnings, as concerns mount about succession and streaming profits
▼ + stars: | 2023-08-09 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +12 min

For Disney, Iger's return was a doctor's-orders scenario. "What is the long game for any pure-play media company in a world where we have tech-driven media companies that are much larger than any traditional media company and have fundamentally different business models?" Will Disney sell TV assets like ABC? Industry watchers have focused on private-equity firms as likely buyers of Disney's TV assets. Are you a Disney insider?

Persons: Bob Iger, Bob Chapek, Iger, Disney, Iger's, Peter Csathy, Tom Staggs, Kevin Mayer, Csathy, they're, He's, Paul Verna, Verna, David Heger, Edward Jones, Heger, Hulu —, it's, Dave Portnoy's Barstool, Will, Evercore, Dana Walden, Alan Bergman, Puck, Disney bigwigs, Mayer, Walden, Bergman, Reed Alexander, Lucia Moses Organizations: Disney, ESPN, Walt Disney Co, Hollywood, Creative Media, Apple, PE, Candle Media, Insider Intelligence, Hulu, LightShed Partners, Penn Entertainment, ESPN Bet, Penn, Yahoo Finance, Will Disney, ABC, Geographic, CNBC, Industry, Disney's, Parks

☆ 6 things that actually cost less than last year, despite inflation
▼ + stars: | 2023-07-26 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Following a slowdown in oil production due to the pandemic, consumer demand for gas soared in 2021. Coupled with the Russian invasion of Ukraine that limited oil supply, average prices for regular gas reached record highs of $5.02 in June 2022. However, with U.S. oil production on the rebound, average prices for regular gas have since fallen to $3.69 per gallon, based on American Automobile Association data. Despite rising inflation for most other items, television prices have been trending down for the last two years. Before the pandemic, the average cost for a dozen eggs was closer to $1.50.

Organizations: American Automobile Association, Yahoo Finance, P, U.S . Labor Locations: Ukraine, U.S

☆ The Hollywood strikes could cost the economy billions
▼ + stars: | 2023-07-25 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Hollywood writers and actors have been on strike for over a week. Economists are warning that the shutdown could cost the US billions of dollars. The previous writers' strike in 2007 wiped $2 billion off Los Angeles' economy alone. Major films alone contribute around $250,000 to the US economy each day of production, according to data from the Motion Picture Association. New seasons of "The Last of Us", "Euphoria", and "The White Lotus" have already been delayed as a result of the strikes.

Persons: Milken, Kevin Klowden, It's, Ted Lasso, Jason Sudeikis, Oscar, Susan Sarandon, Olivia Wilde Organizations: Service, Milken Institute's, Yahoo Finance, Motion, Association, The, Guild of America, SAG Locations: Angeles, Wall, Silicon, Los Angeles, California, LA, New York, Albuquerque, Atlanta, Pittsburgh

☆ 'Margins, margins, margins': Here's what Wall Street is looking for in Tesla's 2nd-quarter earnings
▼ + stars: | 2023-07-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Wall Street is laser focused on the company's profit margins after the company cut prices for its vehicles. Here's what Wall Street expects from the EV maker's upcoming earnings report. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "Margins, margins, margins," Wedbush analyst Dan Ives wrote in a Monday note. Ultimately, Tesla's price cuts have clear implications for the company's long-term earnings power, and therefore the price of its stock.

Persons: Tesla, Dan Ives, Ives, Ryan Brinkman, " Brinkman Organizations: EV, Service, Wall Street, Ford, General Motors, Tesla, Yahoo Finance, JPMorgan, Bloomberg Locations: Wall, Silicon

☆ Mark Zuckerberg's Threads is a fad that won't last, tech analyst predicts: 'I'd rather eat broccoli for the full day than be on Threads'
▼ + stars: | 2023-07-12 | by ( Grace Kay | ) www.businessinsider.com time to read: +2 min

Interest in Meta's Threads app won't last, Wedbush tech analyst Dan Ives said. The analyst said he'd rather "eat broccoli for the full day" than use the Twitter rival. The app will have to change its news feed and address concerns about censorship to stay relevant, Ives said. Twitter might not have anything to worry about after all — at least when it comes to longterm competition from Meta's new Threads app, according to Wedbush tech analyst Dan Ives. The tech analyst said in a previous interview with Yahoo Finance that he'd "rather eat broccoli for the full day than be on Threads" after experimenting with the app for about six to seven hours.

Persons: Dan Ives, he'd, Ives, Elon Musk, Mark Zuckerberg's, Zuckerberg, Musk, Walter Isaacson Organizations: Morning, Twitter, Yahoo Finance

☆ Even Fox News and the Murdochs are turning on DeSantis after his rough campaign start
▼ + stars: | 2023-07-12 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

The GOP presidential hopeful's own super PAC has been blunt about his campaign's struggles. According to reports in Rolling Stone and The New York Times, Rupert Murdoch and his influential News Corp empire are souring on the governor. "They are transactional and can smell a loser a mile away," an unnamed Fox insider told Rolling Stone, referring to Rupert and Lachlan Murdoch, and top Fox News executives. You should be my governor," Fox News host Sean Hannity once beamed to DeSantis during the pandemic, The Times pointed out. These subtle shifts, Rolling Stone reported, are no accident.

Persons: Ron DeSantis, Rupert Murdoch, Stone, Rupert, Lachlan Murdoch, Glenn Youngkin, Youngkin, DeSantis, Trump, Anthony Fauci, Sean Hannity, romped, Maria Bartiromo, what's, He's Organizations: Florida Gov, The News Corp, Service, Gov, GOP, The New York Times, News Corp, Fox, Fox News, The Times, Virginia Gov, Murdoch, New York Post, Wall Street, Post, Yahoo Finance, Fox Corporation Locations: Florida, Wall, Silicon, Rolling, Virginia, DeSantis, Iowa, Wells

☆ Bed Bath & Beyond went bankrupt and sold its brand. That hasn't stopped meme-stock fans from trading over $200 million of its shares in recent weeks.
▼ + stars: | 2023-07-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Bed Bath & Beyond went bankrupt and sold its brand, but people are still placing bets on its stock. Investors have traded over $200 million worth of its likely worthless shares since early May. They've traded over $200 million worth of the homewares retailer's shares since early May, Yahoo Finance data shows, even though they're most likely worthless. Investors have traded an average of 24 million shares a day since then, per Yahoo Finance. Moreover, Overstock.com recently purchased BBBY's intellectual property for $22 million, and plans to rebrand itself under the Bed Bath & Beyond name.

Persons: —, They've, they're, Anthony Chukumba, that's, Overstock.com, Chukumba Organizations: Investors, Financial Times, Service, Yahoo Finance, New York Stock Exchange, Tesla, GameStop, Bed

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