Earnings season continues next week with Bank of America (BAC), Goldman Sachs (GS), and Morgan Stanley (MS) reporting earnings, giving investors further insight into how financial services are dealing with the higher interest rate environment. Tesla (TSLA) and Netflix (NFLX) will kick off tech earnings next week as well with both companies reporting results on Wednesday, October 18. On the economic data front, the September retail sales report will be released on Tuesday, October 17. In the housing sector, the home builder confidence index, housing starts, building permits, and existing home sales will all be released next week. Yahoo Finance’s Josh Lipton breaks down what to watch next week. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingTesla Inc urged a Delaware judge on Friday to reject $230 million in legal fees requested by a team of shareholder attorneys who won a settlement in a dispute over director pay, and the company recommended a fee of $64 million instead. The maker of electric vehicles called the fee request an "unwarranted windfall" that works out to an hourly rate of $10,690, among the highest fee requests ever in Delaware's Court of Chancery, a key venue for shareholder lawsuits. The attorneys represented a Detroit police union pension plan that sued Tesla's directors for excessive compensation during 2017 to 2020...
Continue ReadingWe'll soon be in the thick of earnings season, undoubtedly a hectic period for investors. And next week, these three reports are certainly worth attention...
Continue ReadingThe electric vehicle transformation in the US hit yet another milestone last quarter, though further growth into the mainstream may still be elusive. This as Tesla’s lead at the top is narrowing...
Continue ReadingIn an interview with ElevenLabs, the Andreessen Horowitz cofounder said that besides a "fail fast" mentality, there's also "blind stubbornness."...
Continue ReadingThe second year of this new bull market may surprise to the upside...
Continue ReadingDespite American car buyers relaying a sense of uncertainty about purchasing an electric vehicle, U.S. EV sales have jumped nearly 50% year-over-year in the third quarter of 2023. Yahoo Finance Autos Reporter Pras Subramanian details the EV market share of American automakers and ongoing affordability concerns from consumers. Click here to watch more of Yahoo Finance's special coverage "EVs: The Road Ahead." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingA tumble in LVMH stock this week has reduced the wealth of Bernard Arnault, who controls the luxury giant. Jeff Bezos could soon overtake him...
Continue ReadingAs electric vehicle sales surge in the U.S., Tesla's dominance of the lucrative market is slipping as new competitors, including both EV startups and legacy automakers, gain market share...
Continue ReadingThe earnings calendar gets busier in the coming week as Wall Street awaits results from Tesla, Netflix and three high-profile chip stocks...
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