close video US economy not in ‘disaster, 2008-type’ scenario, analyst says Horizon Investments CIO Scott Ladner says inflation is boosting profits ‘for right now,’ and predicts economic slowdown next year. The U.S. economy rebounded over the summer after shrinking for the first six months of the year, but the rebound does little to allay fears
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Meta PlatformsInc META shares are trading lower Thursday after the company reported worse-than-expected earnings results. Meta said third-quarter revenue decreased 4% year-over-year to $27.71 billion, which beat average analystestimates of $27.53 billion, according toBenzinga Pro. The social media and metaverse company reported quarterly earnings of $1.64 per share, which missed average estimates of $1.91 per
Tracey Ryniec and Kevin Cook look at an American consumer products company and a Chinese social media and gaming company. Helen of Troy Limited: https://www.zacks.com/stock/quote/HELE?cid=CS-YOUTUBE-FT-VID YY Inc.: https://www.zacks.com/stock/quote/YY?cid=CS-YOUTUBE-FT-VID Huya: https://www.zacks.com/stock/quote/HUYA?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Actively managed mutual funds have maintained their pro-cyclical stance with overweights in consumer discretionary and industrials, while having a sizeable underweight in consumer staples,
In this article META CAT HON Follow your favorite stocksCREATE FREE ACCOUNT A sign is seen outside of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small | Reuters Check out the companies making headlines before the bell. Meta — The social media stock dropped 22.8% after
Immigrant entrepreneurs play a crucial role in innovation and job creation in the United States. “Immigrants have started more than half (319 of 582, or 55%) of America’s startup companies valued at $1 billion or more,” according to a recent report from the National Foundation for American Policy. Veev, a successful housing technology firm, is
Blocks of condominiums in Singapore. The rising cost of borrowing is unlikely to have a major impact on Singapore’s property market, analysts told CNBC. Ore Huiying | Bloomberg | Getty Images SINGAPORE — The rising cost of borrowing is unlikely to have a major impact on Singapore’s property market, analysts told CNBC. That’s because of
Municipals sold off out long in secondary trading while two billion-dollar-plusnew-issues from California and the New York City Transitional Finance Authority made concessions in primary pricings. Munis continued to play catch up to the rise in U.S. Treasury yields, though taxables improved Wednesday and equities ended mixed. Municipal bond mutual funds saw more losses with
Sen. Sherrod Brown, D-Ohio, is urging the Federal Reserve to exercise caution as it considers another interest rate increase at next week’s Federal Open Market Committee meeting. In a letter sent to Fed Chair Jerome Powell on Tuesday, Brown, who chairs the Senate Banking Committee, advised the central bank not to “lose sight” of its
Russia conducted its first major nuclear drills since the start of its war on Ukraine and President Vladimir Putin made unfounded claims that Kyiv was seeking to develop a “dirty bomb”, as Moscow continued to ramp up the rhetoric over possible nuclear use in the conflict. The Russian armed forces on Wednesday practised what defence
close video FOX Business Flash top headlines for October 25 Check out what’s clicking on FoxBusiness.com Sen. Mitt Romney, R-Utah, has listed his ski resort home in Park City, Utah for $11.5 million, Mansion Global reported Wednesday. Romney's home won't be on the market for long, however, as the listing is already marked as having
Swarming bees produce so much electricity that they may affect local weather, new research suggests. The finding, which researchers made by measuring the electrical fields around honeybee (apis mellifera) hives, reveals that bees can produce as much atmospheric electricity as a thunderstorm. This can play an important role in steering dust to shape unpredictable weather
TheTexas Permanent School Fund, a public endowment of the State of Texas, has hiked its stake inTesla IncTSLA ,Amazon.com, Inc.AMZN , andApple IncAAPL during the third quarter of 2022, according to its 13-F filing. The $6.2-billion fund more than tripled its stake in Tesla, buying over 266,000 shares, to take the value of its holding
Teen shot in front of Tottenville High School in NYC An innocent student waiting for sports practice to start after school was shot when a group of five people opened fire near the Staten Island school. NEW YORK – A 14-year-old student waiting for sports practice to start after school was shot outside a public
The Bitcoin mining industry continues to face a challenging year as the price of Bitcoin (BTC) hovers below $20,000, coupled with rising energy costs in North America and Europe. Regulators have also recently started clamping down on crypto mining, as a recent report from the Bitcoin Mining Council (BMC) found that Bitcoin has seen a
Roughly 50 state workers who lost their jobs last year over Gov. Charlie Bakers COVID-19 vaccine mandate have been offered the opportunity to return to their posts, a state official told MassLive Tuesday evening. The disclosure comes hours after the Baker administration had confirmed a small number of positions could be recouped after a wave
Scientists can now “decode” people’s thoughts without even touching their heads, The Scientist reported (opens in new tab) . Past mind-reading techniques relied on implanting electrodes deep in peoples’ brains. The new method, described in a report posted Sept. 29 to the preprint database bioRxiv, instead relies on a noninvasive brain scanning technique (opens in
For at least the last 10 years in New Jersey, youve lived in the same congressional district. But now more than 1.4 million residents are moving due to new district lines drawn by New Jerseys independent redistricting commission to reflect population shifts under the 2020 census. It means many of you will see new names
Ethereum spikedandBitcoin turned green Tuesday evening as the global cryptocurrency market cap rose 4.6% to $972.5 billion at 9:23 p.m. EDT. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD 4.5% 4.55% $20,153.09 Ethereum ETH/USD 9.8% 12.8% $1,469.73 Dogecoin DOGE/USD 7% 6.7% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change
The FAANG stocks are all down double digits on the year. Will earnings be a catalyst? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE