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8 hours ago | Yahoo Finance
How inflation is impacting Valentine's Day
The Balance Editor-in-Chief Kristin Myers joins Yahoo Finance Live to explain how rising inflation will affect Valentine's Day from chocolates, flowers, diamonds, and dining out.
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8 hours ago | Yahoo Finance
5 Red-Hot Metaverse Stocks to Buy Right Now
The Metaverse is all over the news...Yahoo Finance just ran a huge story ... journalists from the Wall Street Journal are all over it ... and the Financial Times published a story on this new "gold rush" just the other day.And according to former Wall Street legend Whitney Tilson, this new technology that's dominating the news could have a massive impact on your wealth.He calls the Metaverse "Connexa Terra," which is Latin for "Connected Earth."
10 hours ago | Yahoo Finance
Mondelēz CFO talks inflation, acquisitions, and Russia-Ukraine conflict
Mondelēz International CFO Luca Zaramella joins Yahoo Finance Live to discuss the impact of Omicron on the company, U.S. inflation, the state of the snack industry, supply chain concerns, and how the Russia-Ukraine conflict could affect operations.
10 hours ago | CNBC
Visa says crypto-linked card usage hit $2.5 billion in its first quarter
Visa said during its recent earnings call that customers made $2.5 billion in payments with its crypto-linked cards in its fiscal first quarter of 2022.That was 70% of the company's crypto volume for all of fiscal 2021."To us, this signals that consumers see utility in having a Visa card linked to an account at a crypto platform. There's value in being able to access that liquidity, to fund purchases and manage expenses, and to do so instantly and seamlessly," Visa CFO Vasant Prabhu told CNBC in a phone interview, providing insight as the company reported better-than-expected earnings and revenue after the bell Thursday."We will continue to lean into the crypto space and our strategy is to be a key partner to provide the connectivity, scale, consumer value proposition, reliability and security that is needed for crypto offerings to continue to grow," Visa CEO Al Kelly said on the earnings call, as the stock moved up in after-hours trading and then opened strongly higher Friday.
11 hours ago | Yahoo Finance
Tech support: How to block smart TVs from tracking your information
Yahoo Finance tech editor Dan Howley explains how to block smart TVs from tracking your viewing information.
11 hours ago | CNBC
Stocks making the biggest moves midday: Apple, Robinhood, Visa, Chevron and more
Check out the companies making headlines in midday trading.Apple — Shares of the tech giant jumped more than 5% following a strong quarterly report that showed its largest single quarter in terms of revenue ever. Apple beat analyst estimates for sales in every product category except iPads. Sales grew more than 11% despite supply challenges and the lingering effects of the pandemic.Robinhood — The stock trading app rose 7% in midday trading, after being down more than 14% earlier in the session. Robinhood gave disappointing first-quarter guidance during its earnings report but also said it is investing heavily in product development.Visa — The payments giant got a nearly 8% jump in its shares after it reported an adjusted quarterly profit of $1.81 per share, which beat estimates by 11 cents. It also reported revenue that beat estimates and topped $7 billion for the first time.
12 hours ago | Yahoo Finance
U.S. consumer sentiment declines in December: UMich
Yahoo Finance's Julie Hyman breaks down UMich's latest data on consumer sentiment.
12 hours ago | CNBC
Robinhood shares rebound after falling as much as 14%
In this articleRobinhood clawed back its major losses on Friday as investors looked past disappointing guidance from the company and rallied around progress on new product developments.Shares of the stock trading app climbed more than 2%, after dropping as much as 14.4% to $9.94 at their low of the day.The weak spots of Robinhood's earnings report released Thursday after the bell were its first-quarter revenue guidance and its loss of monthly active users.The newly public brokerage anticipates first-quarter revenue of less than $340 million, down 35% compared with 2021. Wall Street's consensus estimate was for $448.2 million in revenue for the first quarter, according to FactSet. Plus, monthly active users fell to 17.3 million last quarter from 18.9 million in the third quarter. This number was also below estimates of 19.8 million, according to FactSet.
12 hours ago | CNBC
Nobel laureate Paul Krugman says crypto has ‘disturbing’ parallels with subprime mortgage meltdown
Nobel Prize-winning economist Paul Krugman has given an ominous warning about the volatile cryptocurrency market, comparing it to the subprime mortgage crisis of the late 2000s.In an opinion piece for The New York Times on Thursday, Krugman said he's "seeing uncomfortable parallels" between crypto and the U.S. subprime crash, which brought the whole housing market to its knees and triggered the 2007-2008 global financial crisis."There are disturbing echoes of the subprime crash 15 years ago," Krugman says in the piece.The subprime crisis was essentially the result of banks making loans out to people of higher risk, at a time when interest rates were low and house prices were soaring. Once the market became saturated, homeowners found themselves in negative equity unable to repay their loans, resulting in hefty losses for lenders.
13 hours ago | Yahoo Finance
Stock market news live updates: Stocks mixed as inflation rises by most since 1982, Apple gains after earnings
Stocks traded lower Friday as investors took in earnings results from some major tech companies and another hot print on inflation at the end of another volatile week. The S&P 500 and Nasdaq turned lower. The Dow dipped, even as component stock Apple (AAPL) jumped after the iPhone-maker reported record quarterly sales and better-than-expected profits despite supply chain challenges. Meanwhile, Robinhood (HOOD) shares sank after the trading platform missed on quarterly revenue, posted a larger-than-expected quarterly decline in users, and offered disappointing guidance.
13 hours ago | Yahoo Finance
Apple’s size allows 'flexibility with the supply chain': Analyst
Cowen Analyst for Semiconductor Equipment, Manufacturing & IT Hardware Krish Sankar joins Yahoo Finance Live to discuss historic first quarter revenue earnings for Apple, catalysts for the company, and the outlook for supply chain issues.
17 hours ago | CNBC
The tech sell-off has some VCs worried the good times may be coming to an end
In this articleAfter a blockbuster year for venture capital deals, some investors worry the boom times may not last much longer. Tech start-ups raised a record $621 billion in venture funding globally in 2021, according to CB Insights, up more than double from a year earlier. The number of privately-held "unicorn" firms valued at $1 billion or more rose 69% to 959.Private companies such as Stripe and Klarna saw their valuations swell to the tens of billions of dollars, aided by a flood of cash as a result of ultra-loose monetary policy and the acceleration of digital adoption during the Covid-19 pandemic.Now, with the Federal Reserve hinting at plans to hike interest rates in a bid to cool rising prices, investors in high-growth tech firms are getting cold feet. The Nasdaq Composite has fallen over 15% so far this year as fears of tighter policy has led to a rotation out of growth stocks into sectors that would benefit from higher rates, like financials.
18 hours ago | CNBC
China's new rules on overseas IPOs will apply to Hong Kong, securities regulator says
BEIJING — China's forthcoming rules on overseas IPOs will apply to Chinese companies that want to list in Hong Kong, the China Securities Regulatory Commission told CNBC on Friday.In an exclusive interview with CNBC, the commission's director-general of the international affairs department, Shen Bing, spoke about what draft rules will mean for Chinese companies that are planning to list in the U.S. and other markets following last summer's crackdown."By overseas, we mean, of course, you know, anywhere besides mainland China," Shen said in a wide-ranging interview. "Of course it includes Hong Kong."Shen said the rules would apply not only to Chinese companies wanting to offer H-shares in Hong Kong, but also a category called "red chips," which previously did not need the CSRC's approval. H shares refers to stocks issued by mainland China companies that trade in Hong Kong, and red chips are Hong Kong-trade shares of companies that conduct most of their business in the mainland but are incorporated outside mainland China.
19 hours ago | Yahoo Finance
Wall Street Legend Issues Urgent New Warning
2022 has brought a lot of uncertainty for the markets…Between inflation, the fed potentially increasing interest rates and volatile stock trends, many investors are scrambling.So the question is…If you had just $10 to invest today, where would be the safest place for you to invest it?Well, a simple answer would be:What about a company that does all of the above? Yes, there's a company that’s doing just that. And one legendary investor believes it has all the makings of “America’s Next Big Monopoly.”
21 hours ago | Yahoo Finance
Wall Street Legend Delivers Shocking Prediction
2022 has brought a lot of uncertainty for the markets…Between inflation, the fed potentially increasing interest rates and volatile stock trends, many investors are scrambling.So the question is…If you had just $10 to invest today, where would be the safest place for you to invest it?Well, a simple answer would be:What about a company that does all of the above? Yes, there's a company that’s doing just that. And one legendary investor believes it has all the makings of “America’s Next Big Monopoly.”
Jan 27, 2022 | CNBC
Dow futures rise 200 points as market set to wrap up a wild week, Apple shares pop
Stock futures rose in overnight trading Thursday, boosted by a jump in Apple shares, as Wall Street looks to wrap up a roller-coaster week on a high note.Futures on the Dow Jones Industrial Average gained 200 points. S&P 500 futures climbed 0.8% and Nasdaq 100 futures jumped 1.3%.Shares of Apple popped nearly 5% in after-hours trading after the company reported its largest single quarter in terms of revenue ever. Its sales grew more than 11% even amid supply challenges and the lingering effects of the pandemic. Apple beat analyst estimates for sales in every product category except iPads.Major averages have experienced outsized intraday swings each day this week as investors continued to digest the Federal Reserve's pivot to tighter policy. The market's fear gauge Cboe Volatility Index shot up to its highest level since October 2020 earlier this week and has traded above the 30 threshold.
Jan 27, 2022 | CNBC
Robinhood wants to make stock trading available more hours of the day with 'hyper-extended hours'
In this articleRobinhood is planning to roll out a feature to let its millions of clients trade stocks well outside of normal market hours."We're also close to delivering a feature that our customers have been asking for: an ever larger window of available trading hours. We call this feature 'hyper-extended hours' and anticipate rolling it out later this quarter," Robinhood CEO Vlad Tenev said on the company's earnings call on Thursday.Depending on how much extended trading it will offer, this is the kind of change that likely needs the approval of the Securities and Exchange Commission, but the company did not say whether it has petitioned the regulatory body. The U.S. stock market opens at 9:30 a.m. ET and closes at 4:00 p.m. as part of its regular session. Extended trading is allowed as early as 4 a.m. and goes as late as 8 p.m. and some electronic brokers do offer that extended access.
Jan 27, 2022 | CNBC
Stocks making the biggest moves after hours: Robinhood, Apple, Visa and more
Check out the companies making headlines after the bell: Robinhood — Shares of the trading app plunged a whopping 15% after the company gave a disappointing revenue forecast for the first quarter of 2022. Its latest earnings report also showed a decline in users. Monthly active users fell to 17.3 million last quarter from 18.9 million in the third quarter.Apple — The tech stock rose more than 2% in after-hours trading after the company reported its largest single quarter in terms of revenue ever. Its sales grew more than 11% even amid supply challenges and the lingering effects of the pandemic. Apple beat analyst estimates for sales in every product category except iPads.Visa — The credit card company saw its shares jump 5% in extended trading after a better-than-expected earnings report. Visa's adjusted earnings per share came to $1.81, higher than a Street estimate of $1.70 per share, according to Refinitiv. Its revenue also topped expectations.
Jan 27, 2022 | Yahoo Finance
Visa earnings beat estimates, shares rise after hours
Yahoo Finance's Jared Blikre reports Visa's quarterly earnings and how the stock is performing.EMILY MCCORMICK: We have more earnings results rolling in after the bell this afternoon. And Jared Blikre is standing by with the results from Visa. Jared, break it down for us.JARED BLIKRE: That's right. We got Visa up 2 and 1/2% in afterhours trading, and that is on some optimism coming out of the payment space. Let me get straight to the numbers. Adjusted EPS for the fourth quarter coming in at $1.81. That's versus estimates of $1.70. And then payment volume-- this is a key stat for them-- $2.97 trillion. The estimate was for lower-- $2.86 trillion. And when you take their payments volume at constant currency, that is up 20% versus estimates of 15%.
Jan 27, 2022 | CNBC
Robinhood shares tank 15% after it loses users, forecasts weak revenue
In this articleStock-trading app Robinhood gave a bleak revenue forecast for the first quarter of 2022 on Thursday as its latest earnings report showed a decline in users. Shares of Robinhood tanked 15% in after hours trading.The newly public brokerage anticipates first-quarter revenue of less than $340 million, down 35% compared to 2021.Wall Street's consensus estimate was for $448.2 million in revenue for Q1, according to FactSet.Monthly active users fell to 17.3 million last quarter from 18.9 million in the third quarter. This number was also below estimates of 19.8 million, according to FactSet. Meanwhile, net cumulative funded accounts totaled 22.7 million at the end of the fourth-quarter, about in-line with estimates. This is up from 22.4 million accounts in the third-quarter. To be sure, Robinhood added 10 million accounts alone in 2021.
Jan 27, 2022 | CNBC
Why the stock market hates the idea of rising interest rates
The specter of rising interest rates is spooking the stock market.The Federal Reserve, the U.S. central bank, is expected to increase its benchmark rate several times this year to tame stubbornly high inflation. Fed chair Jerome Powell affirmed that likelihood on Wednesday.The move would increase borrowing costs from near zero — where they've been since the beginning of the Covid pandemic — for businesses and consumers.The forecast has caused stocks to nosedive in January.The S&P 500 index is down about 9% for the year. At one point this week, the basket of U.S. stocks dipped below 10% — the first time that's happened since the initial pandemic turmoil of March 2020. The index closed down 0.2% Wednesday after Powell's remarks, erasing earlier gains.
Jan 27, 2022 | CNBC
Here's what to consider before taking a pay cut
The pandemic has upended millions of American lives, and for many has made them reconsider priorities around work.That's prompted many to quit jobs amid the so-called Great Resignation. In November, a record 4.5 million workers left their jobs, according to data from the Labor Department.There are also signs that people are open to shifting careers for jobs that better fit their new pandemic normal. About two-thirds of working adults said that work-life balance is more important to them than having a higher salary, according to KeyBank's 2022 financial mobility survey.  The survey also found that many Americans' priorities shifted to include more time with friends and family."If you know a bigger paycheck is no longer your priority and spending time with family and friends is, there's probably going to be some financial ramifications," said Mitch Kime, head of consumer lending and payments at KeyBank. "That's okay."
Jan 27, 2022 | Yahoo Finance
What Americans should know about accounting the Child Tax Credit
USC Leventhal School of Accounting Associate Professor Greg Kling joins Yahoo Finance Live to discuss the steps for child tax credit filing, the IRS not having enough resources, and the outlook for the child tax credit this season.
Jan 27, 2022 | Yahoo Finance
Apple to report earnings today, revealing its holiday sales amid chip shortage
Apple (AAPL) will report its Q1 earnings after the closing bell on Thursday, giving analysts and investors their first look at the tech giant’s sales through the prior holiday season.The report also comes after Apple missed on analysts’ revenue estimates in Q4, driven by the ongoing chip shortage.Here’s what Wall Street is expecting from Apple in Q1, as compiled by Bloomberg, compared to how it performed in Q1 last year.
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