Posts by Yahoo Finance

  • Focus on Fed; Twitter's big blow; Facebook's politics plunge

    Yahoo Finance at Yahoo Finance 3 hrs ago

    Investors look to add to yesterday's stock (^GSPC) gains when Wall Street snapped a 5-day losing streak.  And their big focus will be the release of the minutes from this week's Federal Reserve meetingthis afternoon.

    Yahoo Finance's Aaron Task feels if an interest rate increase is coming soon, we'll know it today.

    "If they're going to hike rates in September-- and that's still a 50-50 call--  they would need to further lay the groundwork," he notes. "The last couple times the Fed began a rate hike cycle, the meeting before they basically told the markets, 'Hey, get ready!  A rate hike is coming.'  But it's still a long way between here and September."

    Get the Latest Market Data and News with the Yahoo Finance App

    Twitter troubles

    Here are some of the stocks the Yahoo Finance team will be following for you today. 

    Facebook and the presidential race

     

  • Android hack, Twitter to report and New York's 'new' airport

    Yahoo Finance at Yahoo Finance 1 day ago

    It's green arrows across the board for U.S. stocks today (^DJI, ^GSPC, ^IXIC).

    Here are some of the other stories Yahoo Finance is keeping an eye on today.

    Android hack A major mobile security flaw could impact up to 950 million Android users around the globe. It has to do with the way the operating system processes pictures, audio or video sent via text message. The worst case scenario would allow hackers full access to your phone. The flaw was found by a cyber security company called Zimperium and they notified Google (GOOGL) on April 9th and told them how to fix it. Here we are on July 28th and it would seem no such fix has been widely implemented.

  • Wall Street's bounce back; Yellen in spotlight; Trump's $21M penthouse deal

    Yahoo Finance at Yahoo Finance 1 day ago

    Wall Street may finally be getting a relief rally after stocks (^GSPC) dropped for five consecutive sessions.

    Yahoo Finance Senior Columnist Michael Santoli says it's time for a change of direction, especially as investors await tomorrow's announcement following the Fed's two-day policymakers' gathering.

    "Five days down, total of about 3% losses for the S&P 500--  it does seem we got very oversold in a hurry and looks like we're at least going to attempt to bounce," he explains. "I really do think the jockeying is going to begin ahead of the Fed meeting."

    Get the Latest Market Data and News with the Yahoo Finance App

    Now here are some of the stocks the Yahoo Finance team will be following for you today, including more Dow components out with earnings.

    Ford (F) The automaker handily beat estimates for both earnings and revenue in the period. Ford says it had its best quarterly profit in 15 years thanks to record-setting performance in North America. 

    GM China deal

     

  • China weighs on U.S. stocks, Netflix DVD business still thriving

    Yahoo Finance at Yahoo Finance 2 days ago

    U.S. stocks have started the week lower (^DJI, ^GSPC, ^IXIC) following the largest one-day slide of Chinese stocks since 2007. Perhaps some big earnings from the likes of Twitter (TWTR), Facebook (FB) and Ford (F) can turn things around later in the week.

    Here are some of the other stories Yahoo is keeping an eye on this week.

    Netflix DVD biz isn't dead yet Netflix (NFLX) has an unexpected source of profits. While the company expects to just break even on its streaming operation in 2016, its often forgotten DVD-by-mail operation is producing hundreds of millions of dollars in profit each year, which is helping fuel its expansion into original content.

  • Investors eye China, durable goods; Teva deal; Hollywood's new backer

    Yahoo Finance at Yahoo Finance 2 days ago

    The tough times continue on Wall Street. On the heels of last week's 4-day losing streak, stocks (^GSPC) are being blindsided by China, where stocks sank the most in 8 years.

    Yahoo Finance's Aaron Task says the Chinese decline along with leaked Federal Reserve data on projections for the U.S. economy could affect the thinking of Chair Janet Yellen and the other policymakers on when to being hiking interest rates.

    "She, specifically, wants to get it started just to get away from zero," he notes. "But what's going on in China, what's going on in commodities might cause her to rethink this idea that the Fed can hike rates this year."

    On the economic front, the Commerce Department reports durable goods ordersrose 3.4% in June, bouncing back from the surprise plunge in May. 

    Get the Latest Market Data and News with the Yahoo Finance App

    Teva-Allergan deal

    Here are some of the stocks the Yahoo Finance team will be follwing for you today. 

    Record fine for Fiat Chrysler

  • Spanish town grants human rights to cats and dogs: Weird business news

    Yahoo Finance at Yahoo Finance 4 days ago

    This week in weird business news…

    Trigueros del Valle, a small town in Spain, has voted to give dogs and cats the same rights as their human owners. The town is the first in the world to extend such rights to animals.

    The town council declared that the animals would now be designated as non-human residents. “Dogs and cats have been living among us for over a 1,000 years,” said the town’s Mayor Pedro Pérez Espinosa, who identifies with the socialist party. “And the mayor must represent not just the human residents but must also be here for the others.”

    The bill also bans bull fighting, and “any action that causes the mutilation or death of a non-human resident.” Bull fighting has long been a hot topic in Spain amongst animal rights activists and there is hope that this landmark ruling could spread to other towns.

    “Today, we are closer as species and we are now more human thanks to the sensitivity and intelligence shown by the people of Trigueros del Valle. This is a great day for humans and non-human citizens alike,” wrote Rescate 1, a prominent animal rights group in Spain.

    So will this be the Magna Carta for animals? Only time can tell…

  • Sony Pictures buys rights to Emoji movie: Weird business news

    Yahoo Finance at Yahoo Finance 4 days ago

    This week in weird business news…

    In a reportedly seven figure deal Sony Pictures (SNE) outbid two other movie studios to buy the rights to a movie centered around…wait for it…emojis. Yep, those smiley faces and cartoon figures that are so frequently used by the under-20 crowd while texting. The emoji was created in Japan in 1998 but didn’t become popular in the United States until 2011 when Apple included an emoji keyboard in its iOS 5 update.

    According to Deadline, Paramount (VIAB) and Warner Bros. (TWX) also unsuccessfully bid on the option for the film. The movie will be produced and distributed quickly because apparently another emoji movie is being pitched to other studios and Sony wants to get this out first. Reports say that Anthony Leondis, who has worked on the Kung Fu Panda franchise, will direct.

    Comedians were quick to make light of the movie. Jimmy Kimmel aired a parody of the film staring Brie Larson on Jimmy Kimmel Live last night.

    More weird business news:

  • Twitter and terrorism, Diageo and the SEC, and drug testing gamers

    Yahoo Finance at Yahoo Finance 5 days ago

    U.S. stocks are sliding (^DJI, ^GSPC, ^IXIC) for the fourth straight day as weak quarterly earnings - aside from Amazon (AMZN) - are weighing on the broader market.

    Get the Latest Market Data and News with the Yahoo Finance App

    Here are some of the other stories Yahoo Finance is keeping and eye on today.

    Twitter and Terrorism

    Some big tech names like Google (GOOGL), Facebook (FB), Twitter (TWTR) and yes, our own parent Yahoo (YHOO) are pushing back against potential legislation that would require them to alert authorities of possible terrorist attacks mentioned on their networks.

  • Amazon soars, Anthem buys Cigna, Starbucks gets a boost

    Yahoo Finance at Yahoo Finance 5 days ago

    Wall Street is trying to stop the bleeding after stocks (^GSPC) fell for 3-consecutive days on disappointing earnings reports. The selloff came after strong earnings reports drove the S&P 500 and the Nasdaq (^IXIC) to record or near-record levels earlier this month.

    Yahoo Finance Columnist Rick Newman says today's upbeat earnings news SHOULD lift the market.  But those numbers are not the only thing investors have to be looking at.

    "We sort of got through the Greece problem and that was a moment where people said we can really put geopolitics aside and be focusing on what we should be focusing on, which is earnings and economic performance," he explains. "But you can never really put geopolitics aside because it reflects what's going on with the whole world economy."

    And another headline for investors this morning...It's now official--  Anthem is buying Cigna for more than $48 billion.  The deal creates the biggest health insurance provider by enrollment in the U.S.

    Amazon tops Walmart