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The third-quarter earnings for the "Mag 7" companies are expected to be up 16.2% from the same period last year on 13.6% higher revenues...
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The top US consumer finance watchdog has hit Goldman Sachs and Apple with more than $89mn in fines over how the two companies handled their shared.....
Continue ReadingThe US Consumer Financial Protection Bureau ordered Goldman Sachs and Apple to pay $89 million, and Goldman was temporarily banned from issuing new credit cards, because of the companies’ mishandling of their Apple Card partnership. The failures left customers with unresolved charge disputes and, in some cases, incorrect credit reports...
Continue ReadingThe British Retail Consortium, the industry’s trade body, welcomed the idea of reform but warned against the idea of simply punishing online players...
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Chinese OEMs such as BYD Auto and Geely, which transitioned to NEVs early, are strong performers...
Continue Reading(Bloomberg) -- Goldman Sachs Group Inc. and Apple Inc. will pay more than $89 million following a long-running investigation of their credit-card joint venture, the top consumer watchdog announced Wednesday.Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionOman Sees an Urban Future Distinct From Dubai and Abu DhabiHow Kyiv Became a Leader in Digital Services Amid Wartime StrainTransportation Policy Gets Left Behind in Presidential RaceDhaka's Revolutionary Makeover Pits V...
Continue ReadingTesla (TSLA), traditionally considered part of the Magnificent Seven tech stocks, is set to report earnings after the bell on Wednesday. Investors are watching closely to see if the earnings report can provide a positive catalyst for the stock, following the muted market response to both the company's third quarter delivery figures and recent robotaxi event. Freedom Capital Markets chief global strategist Jay Woods joins to share his outlook on the electric vehicle maker's prospects ahead of the results. Woods acknowledges one positive technical indicator for Tesla: the stock has broken from its long-term downtrend that began at its November 2021 high. However, he notes that in 2024, Tesla remains the worst-performing stock among major tech names, leading him to state, "I don't even consider it one of the Mag 7." "It has been trading on hopes and dreams, and now investors want a show-me stock," Woods explains, suggesting that companies like Netflix (NFLX) or Eli Lilly (LLY) would be better suited for the Magnificent Seven. Regarding today's upcoming earnings report, Woods characterizes the potential market reaction as a "coin flip." "It's one to watch. Bring your popcorn," Woods tells Yahoo Finance while cautioning, "...I do not have a position in it, nor do I recommend one going into the earnings." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith...
Continue ReadingThe dog-themed coin is a favorite of Elon Musk, the "Dogefather."...
Continue ReadingEnterprise software juggernaut Microsoft, like most tech stocks, had started September on the wrong foot. In fact, the last time shares in Microsoft stock vigorously exchanged hands came on Sept. 20, or the triple-witching session in which weekly and monthly stock and index options expired. By day's end, Microsoft kept most of its strong gain, up 2.1% to 427.51...
Continue ReadingThis leading nuclear power stock has outperformed the S&P 500 index in 2024. Should investors still look to charge up their portfolios with it?...
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