Inflation came in hotter than expected in August, prompting the Federal Reserve to raise interest rates by 75 basis points for the third consecutive time. While those losses are painful, patient investors know downturns are an opportunity to buy. The stock market has never failed to recover in the past, and there is no reason to think this bear market is any different.
According to a Wall Street Journal report, Paramount Global (PARA) is considering removing current CEO Bob Bakish from his position and allowing a committee of top executives to run the company on an interim basis. Yahoo Finance Anchors Julie Hyman and Jared Blikre break down the latest development for Paramount and outline what the potential sale of the media conglomerate would involve. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
A divided federal appeals court revived a 2021 New York state law intended to provide affordable high-speed internet service to low-income families, setting aside a permanent injunction and handing a defeat to service providers. In a 2-1 decision on Friday, the 2nd U.S. Circuit Court of Appeals in Manhattan said federal telecommunications law dating to the Great Depression did not pre-empt states from regulating broadband rates. The majority also said a 2018 Federal Communications Commission order classifying broadband as an information service stripped that agency of authority to regulate rates.
All three of the major indexes (^DJI,^GSPC, ^IXIC) closed higher on Friday, fueled by strong earnings from Alphabet (GOOG, GOOGL) and Microsoft (MSFT). Yahoo Finance's Julie Hyman and Jared Blikre recap Friday's trading action. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
Cincinnati leaders gather for ceremony as Lytle Park reopens
PHOENIX (AP) — Authorities revealed Friday the charges filed against an ex-aide of former President Donald Trump and four attorneys in Arizona’s fake elector case, but the names of former Trump chief of staff Mark Meadows and lawyer Rudy Giuliani remained blacked out. The Arizona attorney general's office released a copy of the indictment that revealed conspiracy, fraud and forgery charges had been filed against Mike Roman, who was Trump’s director of Election Day operations, and attorneys John
It may have been used for a “little secret something” by a steel worker two centuries ago, archaeologists said.
The Pac-12 will splinter apart before fall camp starts, with all but two teams heading to new conferences. One of the highest-rated recruits in program history two years ago, McMillan has lived up to the hype. The 6-foot-5 receiver from Hawaii finished with 90 catches for 1,402 yards and 10 TDs last season.
See which flights, how often, and for what prices.
A British tourist is in intensive care in Trinidad and Tobago after reportedly losing an arm and a leg in a shark attack.
Caitlin Clark's record for merchandise sales on draft night didn't last long as new Bears quarterback Caleb Williams surpassed the mark.
The disgraced former NFL star revealed he had been diagnosed with cancer last year
Snap stock surged Friday, after the Snapchat parent company reported Q1 earnings and sales that exceeded views.
The rock icon opens up to PEOPLE as three of his kids are engaged, including son Jake Bongiovi to Millie Bobby Brown
Four Yemeni workers were killed in a drone attack on an Emirati-owned gas complex in Iraq's northern autonomous region of Kurdistan on Friday, local authorities said. The drone strike is the first deadly attack against the Khor Mor complex owned by the United Arab Emirates firm Dana Gas, which was hit several times in recent years."Four Yemeni workers were killed and the field was severely damaged," Kurdistan regional government spokesperson Peshawa Hawramani said. He said the attack will cause
With a slew of tech earnings arriving this week and inflation remaining stubborn, many on Wall Street are focused on the "Magnificent Seven" — Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), NVIDIA (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) — which have driven rallies in the past. The Bahnsen Group CIO David Bahnsen joins Market Domination to give insight into the recent slate of earnings and how the tech sector is evolving beyond previous top names. Bahnsen discusses the problem with investors relying on high valuations as a standard: "High volatility is a byproduct of a high multiple that is totally disconnected from reality. So expensive stocks get more expensive until they don't. But it's impossible to gauge, judge, and certainly time. But you saw already this year earnings season, Facebook just getting ripped apart yesterday and yet Google rallying today. The Mag Seven is over. It doesn't exist as a monolith anymore. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
How does an everlasting Lego bouquet for Mom or a laptop marked down by over $1,000 sound?
Rhonna Graff said she remembers ‘office chatter’ about the adult film star
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite gained 2%. The Nasdaq composite rose 316.14 points, or 2%, to 15,927.90.
Southwest Airlines is studying changes to its quirky boarding and seating policies as it searches for ways to raise more revenue. Airline officials say they are studying possible changes but won't have anything to announce until September. CEO Robert Jordan says he is proud of Southwest's “product,” but it was developed when flights weren't as full as they are today, and customers' preferences change over time, prompting the “deep dive” into “transformational options” in boarding and seating.
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