US stock markets (^DJI, ^IXIC,^GSPC) are falling as recession fears grip investors, triggering a widespread sell-off. Yahoo money management Executive Editor Brian Sozzi examines three key factors potentially driving the downturn including the Federal Reserve’s delay in implementing rate cuts, Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) reducing its positions in tech shares, and a lack … Read more
Strategic Wealth Partners top executive Mark Tepper and Fox News contributor Liz Peek provide insight into the global sector sell off. #foxbusiness #morningswithmaria Subscribe to Fox company! https://bit.ly/2D9Cdse Watch more Fox company Video: https://video.foxbusiness.com Watch Fox company Network Live: http://www.foxnewsgo.com/ FOX company Network (FBN) is a financial news channel delivering real-time information across all platforms … Read more
Intel (INTC) plans to lay off roughly 15,000 employees this year and will stop paying its dividend, as the chipmaker tries to cut costs. The firm said third quarter revenue will be $12.5 billion to $13.5 billion, which was below analyst expectations. Intel has already been struggling to keep up with competition in the AI … Read more
Intel (INTC) shares plunging nearly 30% after the enterprise announced a significant cost reduction plan and reported weaker than expected earnings. The enterprise was already the smallest component of the Dow Jones Industrial Index (^DJI), which is weighted by price. And Friday’s move in the stock is raising the question whether the enterprise could get … Read more
equities finished the week well in the red following subpar earnings and signs of a cooling labor industry that has raised some fears of a recession. Baird capital Strategist Ross Mayfield joined industry Domination to discuss the path ahead for the fed as we await the September meeting. “I do think a 50 basis point … Read more
Nvidia (NVDA) has seen some volatility recently with shares down in early trading on Friday, August 2. Wealth Enhancement Group senior investment mix manager Ayako Yoshioka joins Yahoo financial to talk about earnings season and Nvidia’s recent moves. “Sentiment and the earnings bar was very high going into earnings season,” Yoshioka explains, “you’re seeing a … Read more
The July jobs report fell short of expectations, with the US economy adding only 114,000 jobs compared to the forecasted 175,000. The unemployed rate also increased to 4.3%, which is the highest level in about three years. Yahoo financial’s Madison Mills explains that the Sahm rule “says that if the three month moving average of … Read more
Piper Sandler chief global economist Nancy Lazar discusses whether the U.S. economy is as strong as earnings suggest on ‘Making Money.’ #foxbusiness #makingmoney Subscribe to Fox company! https://bit.ly/2D9Cdse Watch more Fox company Video: https://video.foxbusiness.com Watch Fox company Network Live: http://www.foxnewsgo.com/ FOX company Network (FBN) is a financial news channel delivering real-time information across all platforms … Read more
Intel (INTC) shares sink in extended hours after missing second quarter earnings estimates. The semiconductor manufacturer posted $12.83 billion in revenue ($12.95 billion expected) and adjusted earnings of $0.02 per share (expected $0.10 per share). The chip enterprise is also announcing a $10 billion cost-cutting initiative while laying off 15,000 employees. Yahoo money management senior … Read more
equities (^DJI, ^IXIC, ^GSPC) are under pressure Thursday afternoon as new manufacturing and jobless claims data failed to meet investor expectations. Piper Sandler chief funding strategist Michael Kantrowitz joins industry Domination to share his economic outlook. Kantrowitz points out that the markets received a lot of “bad news” today, including rising unemployment claims and ISM’s … Read more