Investors have endured a fair amount of pain as the S&P 500 has flirted with bear market territory in recent weeks. Among consumer-related stocks, three could be particularly attractive right now: Booking Holdings (NASDAQ: BKNG), Qualcomm (NASDAQ: QCOM), and Target (NYSE: TGT). The bear market has taken its price to below $2,000 per share, down almost 30% from its high.
Nasdaq beat estimates for first-quarter revenue on Thursday, driven by strong demand for its financial technology products used by traders and investors to navigate the capital markets. Revenue from its financial technology unit surged 71% to $392 million in the first quarter, while revenue from its index business jumped 53% to $168 million. "Our performance underscores the durability of our business model and our ability to deliver growth across uncertain environments," said Adena Friedman, chief executive officer, at Nasdaq on an analysts' call.
Sir Captain Tom Moore’s family home where he raised millions for the NHS has been put on sale following a planning row which forced the veteran’s daughter to demolish a spa building on the property.
From scheduling regular check-ins to planning for unexpected expenses, here are a few tips to help you find more balance with your budget.
A private jet overshot a runway while landing in heavy rain at the Comandante Gustavo Kraemer International Airport in Erechim, Brazil, on April 23. Terrifying security footage captured the plane skidding down the runway before plunging down a grass embankment. The three passengers, as well as the pilot and a crew member, suffered minor injuries.
IBM (IBM) shares are falling in Thursday's pre-market trading session, marking their worst single-day decline since 2021. This plunge comes in the wake of the company's first-quarter results, which fell short of revenue estimates. Morning Brief anchors Seana Smith and Brad Smith discuss the report, shedding light on IBM's potential acquisition of cloud service provider HashiCorp (HCP). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Pep Guardiola’s men can close the gap on Arsenal at the top of the table
Spanish steelmaker Acerinox said on Thursday it expects earnings before interest, taxes, depreciation and amortization (EBITDA) to improve only slightly in the second quarter due to the weak European market and the prolonged strike at its Spanish mill. The company said that there is no guarantee that the labour dispute at its Spanish steel mill Cadiz will be resolved in the short term. "The European market continues to be weak and has not experienced the expected recovery...even with the reduction in supply," the company said.
The company has no debt but a growing net loss, while Palantir is the stronger peer
The disgraced reality star is slated to remain in prison until October 2032 following his conviction for receiving and possessing child sexual abuse materials
Just in time for the NFL Draft, the Yahoo Sports app on iOS is launching a new feature that enables fans to react to draft picks with emojis.
Here's everything to know about Enneagram personality types, according to expert Nanci Garoon, business operations manager at the Enneagram Group
“Over there, two lions doing what lions do best. Snoozing” said our guide, pointing at a lioness stretched out under a Kalahari apple-leaf tree. Eyes closed, legs sprawled, tail flicking from side to side. Close by her, cubs were cuffing each other lazily. Grabbing my camera, the words “utterly adorable” sprung to mind until, a few yards away, I spotted a baby giraffe, also stretched out on its side, but with two more lions gnawing hungrily at its ribs.
NFL top prospect Caleb Williams' has thanked his dad and mom for their continuous support
In 'We All Shine On,' the late Beatle's trusted confidant tells the story of John Lennon and Yoko Ono's tumultuous relationship
A total of 430,104 offences were logged by forces last year.
U.S. stocks were sharply lower on Thursday, dragged down by growth stocks after dour quarterly results from Meta Platforms, while signs of persistent inflation dampened hopes of the Federal Reserve cutting interest rates anytime soon. Meta plunged 14.7% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue. Other growth stocks also came under pressure, with Alphabet , Amazon.com and Microsoft down between 4.3% and 4.5%.
Shares of Meta (META) fell sharply Thursday, after the tech giant released its first quarter results and provided a softer outlook for the second quarter due to increased spending on artificial intelligence (AI) and operational investments. RBC Capital Markets Internet Analyst Brad Erickson joined the Morning Brief to discuss Meta's spending plan. Erickson views the pressure on the stock price following the report as an "overreaction." He notes that although Meta beat on revenue and guidance figures, "the issue was obviously cost." Despite the potential for increased costs, Erickson emphasizes that the company is "still very very focused" on controlling expenses. However, he highlights that the money spent will be invested in areas such as infrastructure for "product development in the future." Erickson notes Meta's investments into AI and operational spending serve three key purposes: First, it helps them develop "probabilistic models" to enhance the performance of ad campaigns. Second, it aids in recommending content, thereby improving the algorithm's effectiveness. Lastly, it increases "users' utility of Meta." Erickson believes that these factors contribute to future revenue growth, balancing out the increased spending. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
ZURICH (AP) — FIFA deepened its ties to Saudi Arabia by confirming a sponsorship with the kingdom’s state oil firm Aramco on Thursday. The deal was expected and became inevitable once Saudi Arabia was all but sealed last October as the 2034 host of the men’s World Cup. The deal through 2027 includes the men’s World Cup in 2026 co-hosted by the United States, Canada and Mexico and the 2027 Women’s World Cup. Hosts of that tournament will be decided next month. The value of the deal was not disclo
A Sanikiluaq man facing a first-degree murder charge in the death of his wife appeared virtually in court in Iqaluit Tuesday morning. Danny Paul Eyaituk, 38, was arrested April 19 after Annie Tracy Oqaituq, 36, was found dead in their home, according to the RCMP. Eyaituk appeared before Justice Susan Cooper on a video screen. He was in a room at the Aaqqigiarvik Correctional Healing Facility in Iqaluit, wearing the same blue crewneck sweater inmates at the facility usually wear. Iqaluit defence
Nearly 30,000 people suffer from post-traumatic stress disorder after giving birth in the UK.
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